ECO201

NCEA Level 2 Economics 201

Course Description

Teacher in Charge: Mr A. Munro

Economics 201

Learners will consider how New Zealanders are affected by the economic decision-making of individuals, communities, businesses, and government agencies in New Zealand and overseas. They will be challenged to find solutions to current macro-economic issues, such as unemployment, poverty, low economic growth, inflation and overuse of natural resources. Learners will use economic models (both macro and micro) to enable critical thinking about the real world to be able to explain the real world and make predictions. 

By studying Economics, learners will learn to value all cultures and the contributions they make to economies. For example, an individual might study the impact of immigration on the economy and what skills different immigrants bring to New Zealand. Such critical thinking skills are highly valued in global job markets.


Course Overview

Term 1
Economic Growth

Students will revisit prior learning from ECO101, and expand on this as they are introduced to new models and concepts in order to gain an understanding of how New Zealand's economic growth is measured and influenced by various factors and events. This learning relates to one of the two external Achievement Standards (91224) worth 4 credits.

Term 2
Inflation

Students understanding of models and concepts is further developed as we explore how inflation in the economy occurs and is influenced by various factors. This learning relates to the second of the two external Achievement Standards (91222) worth 4 credits.

Unemployment

We will also begin the first of two internal standards. The models and concepts studied in terms 1 & 2 are used to analyse unemployment and explain the causes and impacts of unemployment on various groups within New Zealand society. AS91225 is worth 4 credits.

Term 3
Unemployment & How Government Policies Interact

Continuation and completion of Unemployment internal.

The second of the two internal standards looks at how policies set by the New Zealand Government affect economic issues such as Unemployment, Inflation, and Economic Growth. Learners will put together their own set of policies and justify their impacts using the concepts and models studied throughout the year. This standard is worth 6 credits.

Recommended Prior Learning

Preferable : 12 credits in Level 1 Economics. Learners who have not studied Economics at Level 1 will need permission from the HOD of Commerce to take this course.

Contributions and Equipment/Stationery

ESA Workbook (approx $35) is recommended.

A one day to visit economic organisations in Wellington city.

Pathway

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 18 credits.
Externally Assessed Credits: 8 credits.
Internally Assessed Credits: 10 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91222 v2
NZQA Info
Economics 2.1 - Analyse inflation using economic concepts and models
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0

Assessments:
Term: 4, Week: 4

A.S. 91224 v2
NZQA Info
Economics 2.3 - Analyse economic growth using economic concepts and models
Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0

Assessments:
Term: 4, Week: 4

A.S. 91225 v2
NZQA Info
Economics 2.4 - Analyse unemployment using economic concepts and models
Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4r
Numeracy Credits: 0
A.S. 91227 v2
NZQA Info
Economics 2.6 - Analyse how government policies and contemporary economic issues interact
Level: 2
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 6r
Numeracy Credits: 0

Assessments:
Term: 3, Week: 5

Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 18
Total University Entrance Literacy Credits: 10
Total Numeracy Credits: 0