ASHS Coursebook: 3ECO (Level 3 Economics)

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Information icon.svg 3ECO
NCEA Level:
Primary Qualification:
Primary Learning Area:
Date:
14/02/2017
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What is this course about?

The Level 3 Economics course is a combination of micro and macro economics. Micro economics is the study of one part of an economy or a particular market. Macro economics is the study of the whole economy.

What will I learn?

You will analyse and research the following issues;

  1. is the market the best way to allocate resources? Does the government need to get involved?
  2. what could the government do about slowing down the rate of inflation?
  3. how does the government try to solve issues such as teenagers abusing alcohol?
  4. why can't wine producers make massive profits in the long run?
  5. what can the government do to control inequality?

What sorts of things will I do?

  • Research New Zealand markets and apply economic theory to analyse them.
  • Investigate how the government can try to solve social issues such as smoking and environmental issues such as global warming by using economic tools.
  • Look at macroeconomic issues such as inflation and unemployment.

What standards can I enter?

Most students will do all standards however some students may choose to concentrate their efforts on a limited number of standards.  This will be determined in consultation with the teacher.

All of the standards offered are from the economics domain in the NZQA framework.


Summary of standards:
NCEA Level Standard Number Name of standard

Version

Number

Credits Assessment Assessment date (approx)

Literacy

(UE)

3
91399
Demonstrate understanding of the efficiency of market equilibrium
1
4
External
External exams R/W
3
91401
Demonstrate understanding of micro-economic concepts
1
5
Internal

Week 5 Term 2

Week 9 Term 2

Week 4 Term 3

R
3
91402
Demonstrate understanding of government interventions to correct market failures
1
5
Internal

Week 5 Term 1

Week 9 Term 1

R
3
91403
Demonstrate understanding of macro-economic influence
1
6
External
External exams R/W



Total available credits: 20

Vocational Pathways provide a framework for students to show how their learning and achievement is valued in the workplace by aligning learning to the skills needed for industry.  Follow this link to see the profile for this course.

Scholarship opportunities

Economics is a scholarship subject. If you are interested in doing scholarship Economics you will need to be able to apply the theory covered in the Level 3 Economics course to a wide range of applications. Further assistance will be available for students who wish to do scholarship Economics.

Frequently asked questions:

Do I need to have studied Economics at level 2 to take level 3 Economics?

No although it is an advantage if you have. If you haven't studied level 2 Economics and would like to take level 3 Economics you need to discuss it with Ross Martin.

What university courses would economics be useful for?

Any business or commerce degrees or a Bachelor of Arts.