Level 3 Economics
Teacher in Charge: Mr P. Cowley
The standards offered in this course may be altered at the discretion of the Head of Department.
At Year 13, students use more complex microeconomic models to gain an understanding of the efficiency of markets. Students will see that perfectly competitive markets are allocatively efficient. However, in the real world firms don’t meet the conditions for perfect competition, meaning government intervention in markets may be required to improve efficiency and/or equality. Analysis at this level also involves an investigation of cost, revenue and profit for perfect competitors and monopolies.
Recommended Prior Learning
Minimum: 12 credits of Level 2 Economics OR 8 credits of Level 2 English and 8 credits of Level 2 Mathematics (based on Entrance Exams and Internal Assessment results).
This course is eligible for subject endorsement.
This course is approved for University Entrance.
Total Credits Available: 18 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 10 credits.
Approved subject for University Entrance
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.
Courses will only run based on minimum entries
Selecting a course does not guarantee entry into this course
You may apply for an exemption if you do not meet the prerequisites of a course or if the course requires this for entry
Standards offered can be altered at the discretion of the HOF or HOD of the Department
Some standards in NCEA courses might be optional depending on student strengths