L3ECO

Level 3 Economics

Although next year timetables are yet to be finalised, course selection is now finished. Any changes to student courses will now take place in January.

Course Description

Teacher in Charge: Mrs J. Dustin.

What will I learn?

About Economics concepts with a focus on micro-economics, government intervention and macroeconomics. An appreciation of contemporary New Zealand economic issues through in-depth study of market efficiency, market structures, the public sector and resource allocation.

Where does it lead? 

This is a University Entrance approved course. Economics helps you to think strategically and make decisions to optimise the outcomes. Further study in Economics at a tertiary institution helps to prepare you for careers that require numerical, analytical and problem solving skills - for example business planning, marketing, research and management, agricultural economist, business analyst, consultant, economic analyst, economic forecaster

How will I be assessed?

Internal Assessments

  • Micro-economic concepts - Achievement Standard 91401 - 5 Credits
  • Government interventions to correct market failure - Achievement Standard 91402 - 5 Credits

External Assessments

  • Market Equilibrium - Achievement Standard 91399 - 4 Credits
  • Marginal Analysis of Market Structures - Achievement Standard 91400 - 4 Credits

What should I have already done?

This course is designed for students who have achieved well in L1 or L2 Economics and who are confident in their market equilibrium skills. This is a language rich subject requiring reading, research and written communication, having success in report writing assessments and external assessments is essential. Keeping up to date with current affairs is an advantage.

 

Course Contribution

No cost.

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

Total Credits Available: 18
Internal Assessed Credits: 10
External Assessed Credits: 8
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91399 v2
NZQA Info

Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91400 v2
NZQA Info

Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91401 v2
NZQA Info

Economics 3.3 - Demonstrate understanding of micro-economic concepts


Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
A.S. 91402 v3
NZQA Info

Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes


Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 18
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 18

Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.

Disclaimer

Courses will only run based on minimum entries

Selecting a course does not guarantee entry into this course

You may apply for an exemption if you do not meet the prerequisite of a course or if the course requires this for entry

Standards offered can be altered at the discretion of the HOD of the Department

Some standards in NCEA courses might be optional depending on student strengths

Course contribution may vary slightly by the start of 2025