Level 3 Economics
Course Description
Teacher in Charge:
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.
The standards offered in this course may be altered at the discretion of the Head of Department.
Course Overview
Term 1
Economics 3.3 - Demonstrate understanding of micro-economic concepts (Internal)
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium (External)
Term 2
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium (External)
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes (Internal)
Term 3
Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis (External)
Recommended Prior Learning
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
This course is eligible for subject endorsement.
This course is approved for University Entrance.
External
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
NZQA Info
Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts
NZQA Info
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
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.
Disclaimer
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