Level 1 Economics

11EC
Subject Description

Teacher in Charge: Mrs M. Myers

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.


Pathway

Level 2 Economics

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

Open Entry


Credit Information

This course is eligible for subject endorsement.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 90983 v3 Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand
1
E
4
Y
A.S. 90984 v3 Economics 1.2 - Demonstrate understanding of decisions a producer makes about production
1
I
5
Y
A.S. 90985 v3 Economics 1.3 - Demonstrate understanding of producer choices using supply
1
E
3
Y
A.S. 90986 v3 Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium
1
E
5
Y
A.S. 90988 v3 Economics 1.6 - Demonstrate understanding of the interdependence of sectors of the New Zealand economy
1
I
3
Y
Total Credits

Total Credits Available: 20 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 8 credits.