L2ECO

L2 Economics

Subject Description

Teacher in Charge: Mei Ng.

Economics is a course that allows you to focus on current economic issues while learning about concepts like inflation, unemployment and equality. Discover how New Zealand interacts with other countries and how this affects the economy and use economic calculations and theoretical models and apply them to the concepts mentioned above. You will begin to understand the New Zealand economy and your place as an active citizen within it. Hear from people who work in business and understand how they impact and are impacted by the economy.

 Pre-requisites: 10 credits in L1BUS or 10 credits in a Social Sciences course, or with LOLA approval. 

Approximate Credits: 19 

Materials Fee: Nil

Optional: Wellington Trip Approximate cost $400

Subject Overview

Term 1
introduction to circular flow model
UNEMPLOYMENT topic

Term 2
INFLATION
INTERNATIONAL TRADE

Term 3
GOVERNMENT POLICIES that influence economic outcomes

Term 4
Revision of Inflation and Trade for NCEA exams

Recommended Prior Learning

7 Credits in L1 ECO or 7 Credits in Maths and 7 Credits in English or HOD approval.

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.

Total Credits Available: 18
Internal Assessed Credits: 10
External Assessed Credits: 8
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: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91223 v2
NZQA Info

Economics 2.2 - Analyse international trade using economic concepts and models


Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
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: 0
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: 0
University Entrance Literacy Credits: 6r
Numeracy Credits: 0
Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 10
Total Numeracy Credits: 0