Level 2 Economics
12ECO Course DescriptionTeacher in Charge: Mr S. Healy.
Recommended Prior Learning12 Credits level 1 Economics or approval from the HOF. Progress in the practice exams in term 3 will used to determine suitability for the level 2 course.
Economics is a social science involving the study of people and their activities relating to production, consumption and exchange. It covers the behaviour of individuals, their work decisions of what to produce, where to locate and how to market, and the activities of government. The subject also explores major economic issues such as employment, inflation, budget deficits, trade, economic growth and government policies. Economics develops analytical and critical thinking skills, and as students progress to more advanced levels at St John's College, they will have the opportunity to specialise in varied areas such as financial markets, game theory, labour and environmental economics.
The Level 2 course is a full year introduction to Macro-Economics and the New Zealand economy. Students will explore the following key issues:
1. Price Stability
2. Trade and the Balance Of Payments
3. Economic Growth
4. Unemployment
5. Government Policies and the New Zealand economy
Students will be expected to keep current with developments in the New Zealand economy and the wider world in which New Zealand trades.
Course Overview
Term 1
This term will be reviewing the key knowledge needed from level 1 course. There will be then two units studied which are Inflation and Employment.
Term 2
In Term two the units studied will be International Trade and Economic growth.
Term 3
In Term 3 the last unit on Government Policies will be studied, and the term ill end with revision for the externals in term 4.
Term 4
Revision for Externals
Pathway Contributions and Equipment/Stationery
$26 personal subscription to the Elearn Website.
2B8 exercise book, Blue or Black pens, Ruler, Highlighters, Refill, Clearfile.