Level 2 Economics

Why Choose Economics?

Economics is all about people, choices, and the world we live in. It’s the study of how individuals, businesses, and governments make decisions about what to produce, how to share resources, and how to deal with major issues that affect our lives every day.

In this subject, you’ll discover how economies work by exploring big questions like:

• Why do prices rise?

• What causes unemployment?

• How do governments manage the economy?

• Why is trade so important for New Zealand?

You’ll also look at real-world issues such as inflation, economic growth, budget deficits, international trade, and government policies.

Skills You Will Gain

Studying Economics develops skills that are highly valued in every career path:
✅ Analytical thinking – Understand complex problems and make informed decisions.
✅ Critical thinking – Evaluate different perspectives and solutions.
✅ Real-world awareness – Stay up-to-date with global and local economic trends.
✅ Problem-solving – Learn how policies impact employment, trade, and growth.

As you advance through Economics at St John’s College, you’ll also have opportunities to explore specialised areas such as:

• Financial Markets

• Game Theory

• Labour Economics

• Environmental Economics

What Will I Learn in Level 2?

The Level 2 course is a full-year introduction to Macro-Economics and the New Zealand economy. You’ll investigate key topics including:

1. Price Stability – Why stable prices matter.

2. Trade and Balance of Payments – How international trade shapes our economy.

3. Economic Growth – What drives growth and why it matters.

4. Unemployment – The causes and effects on society.

5. Government Policies – How decisions in Wellington impact everyday life.

You’ll also track real economic events in New Zealand and around the world, applying what you learn to real-life situations.

✅ Assessment: Includes internal and external assessments, practical analysis, and research tasks.