Albany Senior High School/Coursebook/3ECO

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) are monopolies an efficient way of producing goods?
 * 2) why do all petrol stations charge the same price?
 * 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?

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 students however some students may chose to concentrate their efforts on a limited number of standards. This will be determined in consutlation with the teacher.

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

The internal assessment (AS 90778) will be due in Week 8 of term 2. This date is approximate only and is subject to change.

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.

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.