Prerequisites Completion of Year 12 Economics or by approval from the HoD. Description The aim is to provide students with a clear understanding of the behaviour of individual producers and the government in the modern economy. The course comprises two sections: resource allocation via markets, and aggregate demand and supply analysis. The emphasis is on developing research, analytical and statistical skills. The course is a direct precursor to the tertiary study of Economics.
Assessment This course contributes towards NCEA Level 3 and University Entrance, with 10 of the 20 credits externally assessed by examination, and the remaining 10 credits internally assessed.
The following achievement standards will be assessed:
• AS 91399 (4 credits – external) Demonstrate understanding of the efficiency of market equilibrium. • AS 91401 (5 credits – internal) Demonstrate understanding of micro-economic concepts. • AS 91402 (5 credits – internal) Demonstrate understanding of government interventions to correct market failure. • AS 91403 (6 credits – external) Demonstrate understanding of micro-economic influences on the New Zealand economy.
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