ECO301

NCEA Level 3 Economics 301

Course Description

Teacher in Charge: A. Munro

Economics 301
Level 3 Economics develops an in-depth appreciation of the workings of the New Zealand economy. The course develops the student’s prior understanding of the market and examines the role of the New Zealand Government in resource allocation. The Monetary Policy Challenge, where students experience the realistic simulation of deciding an appropriate monetary policy setting, may also be available. Level 3 Economics also complements the Business 301 Course.

UE Approved Subject


Contributions and Equipment/Stationery

Workbook

Recommended Prior Learning

Preferable: Level 2 Economics. Students who have not studied Economics at Level 2 will need permission from the TIC of Economics to take this course.

Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Total Credits Available: 20 credits.
Externally Assessed Credits: 10 credits.
Internally Assessed Credits: 10 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91399 v2
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0

Assessments:
Term: 4, Week: 4

A.S. 91401 v2
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts
Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0

Assessments:
Term: 1, Week: 8

A.S. 91402 v3
NZQA Info
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0

Assessments:
Term: 1, Week: 8

A.S. 91403 v2
NZQA Info
Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
Level: 3
Internal or External: External
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 6r,6w *
Numeracy Credits: 0

Assessments:
Term: 4, Week: 4

Credit Summary
Total Credits: 20
Total Level 1 Literacy Credits: 20
Total University Entrance Literacy Credits: 20
TotalNumeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 20

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.

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