Page 80 - Pathways Book_Neat

Economics

Aims: What is an economy? What are markets and how do they work? Do they always
provide equitable outcomes for all citizens? What is the Governments role in this? This
course will help answer some of these questions and provide a fundamental knowledge of
the economy that all future voters should possess.

Competencies: Comprehension, processing and evaluation; Investigative; Statistical and
analytical.

Pathways this course contributes towards: University courses where Level 3 Economics is
useful background e.g. Commerce Degrees, social work degrees, arts degrees, science
degrees.

Other essential information: No prerequisites.

For further information see: Mrs Slater.

Level 3 Proposed Assessments
Standard Standard Title Credits Vocational Pathways
CI PI SI S&C M&T C&I
91402 Demonstrate understanding of R 5
government interventions to correct
market failures
91401 Demonstrate understanding of R 5
micro-economic concepts
91399 Demonstrate understanding of the R 4
efficiency of market equilibrium W
91403 Demonstrate understanding of R 6
macro-economic influences on the W
New Zealand economy
R = standard counts towards reading literacy credits W = standards counts towards writing literacy credits

CI = Creative Industries PI = Primary Industries SI = Service Industries
S & C = Social and Community Services M & T = Manufacturing and Technology C & I = Construction and Infrastructure

Internally Assessed Externally Assessed