Level 3 Economics
13ECON Course DescriptionTeacher in Charge: Mr A. Vythilingam
Students will develop an understanding of the efficiency of markets and how Government intervention is sometimes appropriate to deliver more efficient or equitable outcomes. Micro economic models will be used to assist in this analysis. The state of the overall economy will also be studied, through the use of macro models and economic indicators.
Contributions and Equipment/Stationery
A workbook is available for purchase (approximately $30.00).
Recommended Prior Learning
Previous experience of Economics. Reasonable success in Level 1 or 2 Economics preferred, or with HOD approval.
Credit Information
| Assessment | Level |
Internal or External |
Credits |
L1 Literacy Credits | UE Literacy Credits | Numeracy Credits |
|---|---|---|---|---|---|---|
| A.S. 91399 v2 Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium | 3 |
E |
4 |
Y |
4r,4w * |
|
| A.S. 91400 v2 Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis | 3 |
E |
4 |
Y |
4r,4w * |
|
| A.S. 91401 v2 Economics 3.3 - Demonstrate understanding of micro-economic concepts | 3 |
I |
5 |
Y |
5r * |
|
| A.S. 91402 v3 Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes | 3 |
I |
5 |
Y |
5r * |
|
Total Credits |
||||||
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.
Total Credits Available: 18 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 10 credits.