Level 1 Economics
This course focuses on how two groups in the economy (households and firms) interact in the economy. This interaction results in economic decisions about what will be produced and the process of production. The market is a central component of New Zealand's mixed economy and by studying the mechanism that allocates scarce resources and determines prices, students should understand the forces that influence their own economic participation.
There may also be the opportunity to complete a Level 1 Business Studies Achievement Standard. This entails setting up a small business and selling a product at a Market Day. This Achievement Standard is worth 6 credits.
Contributions and Equipment/Stationery
The workbooks used during this course will be available for optional student purchase at a cost of $25.
Recommended Prior Learning
This course is eligible for subject endorsement.
Total Credits Available: 20 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 8 credits.
All subject selections are provisional only and are subject to:
- meeting any course entry requirements
- minimum class sizes
- the availability of teaching staff
and the final decision is at the discretion of the Head of Learning Area for that subject.