Economics - ECONOMICS

Graduate profile: (What qualities/additional skills learners will achieve by taking this course?)
Economics is the practical study of scarcity and its impact on society. Basically, students who take this course will study local firms to understand how decisions are made to manage New Zealand’s resources. They will also learn to understand consumer choices and demand. Skill development includes critical thinking, guided inquiry learning, self-management, statistical analysis, logical thinking, interpretative and analytical thinking, and collaborative and team work.

Possible Career/ Vocational Pathway(s): (What career pathways are related to this course?)
Economist, market researcher, financial analyst, economics advisor, business analyst, policy analyst, politician, lawyer, management consultant, economic analyst, entrepreneur, banking, research analyst, secondary school teacher, property manager, journalist, tax consultant, stockbroker and many more.

Learning outcomes/Assessment links:

NCEA Level	Standard Number	Standard Descriptor	Credits	Assessment	Literacy	Numeracy	Vocational Pathways
1	AS90983 03	Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand	4	External	Yes	No	PI, SI, CI
1	AS90984 03	Economics 1.2 - Demonstrate understanding of decisions a producer makes about production	5	Internal	Yes	No	PI, SI, CI
1	AS90985 03	Economics 1.3 - Demonstrate understanding of producer choices using supply	3	External	Yes	No	PI, SI, CI
1	AS90986 03	Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium	5	External	Yes	No	PI, SI, CI
1	AS90987 03	Economics 1.5 - Demonstrate understanding of government choice where affected groups have different viewpoints	4	Internal	Yes	No	PI, SI, CI
1	AS90988 03	Economics 1.6 - Demonstrate understanding of the interdependence of sectors of the New Zealand economy	3	Internal	Yes	No	PI, SI, SC, CI
		Total Available Credits	24

Note: Courses are subject to change with the review of courses at the end of each year. Course is endorsable.

Progression: (What courses does this course lead to?)
This course progresses to Level 2 Economics and/or Level 2 Business Studies.

Contextualised contexts: (What local, cultural, real-life content is involved in this course?)
Local community links and business study.

Teaching and Learning Approaches: (How will I learn in this course?)
Students will learn through group participation, peer-learning and teacher focused learning environment. A combination of practical and theory components.

Resource requirements: (What resources will I need to have to learn in this course?)
Students will require access to a chromebook, and have a 1B5 exercise book, with the option to purchase a workbook.

Course outline

Term 1 02 February - 16 April 2021 (10/11 weeks)	Term 2 03 May to 09 July 2021 (10 weeks)	Term 3 26 July to 01 October 2021 (10 weeks)	Term 4 18 October to early November 2021 (4 weeks)
Demand Circular flow	Producers Supply Markets	Markets Government Intervention	NCEA Revision
KEY DATES: Week 9/10: AS90988	KEY DATES: Week 9/10: AS90984	KEY DATES: Week 6/7: AS90987 Week 9-10: Derived Grade examinations	KEY DATES: Week 5: NCEA examinations

Term 1
02 February - 16 April 2021
(10/11 weeks)

Term 2
03 May to 09 July 2021
(10 weeks)

Term 3
26 July to 01 October 2021
(10 weeks)

Term 4
18 October to early November 2021
(4 weeks)

Demand
Circular flow

Producers
Supply
Markets

Markets
Government Intervention

NCEA Revision

KEY DATES:

Week 9/10: AS90988

KEY DATES:

Week 9/10: AS90984

KEY DATES:

Week 6/7: AS90987
Week 9-10: Derived Grade examinations

KEY DATES:

Week 5: NCEA examinations

____________________________________________________________________________________________________________________________________

Graduate profile: (What qualities/additional skills learners will achieve by taking this course?)
Pupils will study the New Zealand economy. They will develop an awareness of policies the government uses to adjust and control economic issues such as inflation, unemployment, international trade and economic growth. Skill development includes critical thinking, guided inquiry learning, self-management, statistical analysis, logical thinking, interpretative and analytical thinking, and collaborative and team work.

Possible Career/ Vocational Pathway(s): (What career pathways are related to this course?)
Economist, market researcher, financial analyst, economics advisor, business analyst, policy analyst, politician, lawyer, management consultant, economic analyst, entrepreneur, banking, research analyst, secondary school teacher, property manager, journalist, tax consultant, stockbroker and many more.

Learning outcomes/Assessment links:

NCEA Level	Standard Number	Standard Descriptor	Credits	Assessment	Literacy	Numeracy	Vocational Pathways
2	AS91222 02	Economics 2.1 - Analyse inflation using economic concepts and models	4	External	Yes	No	SI, CI
2	AS91223 02	Economics 2.2 - Analyse international trade using economic concepts and models	4	External	Yes	No	PI, SI, CI
2	AS91224 02	Economics 2.3 - Analyse economic growth using economic concepts and models	4	External	Yes	No	SI, CI
2	AS91225 02	Economics 2.4 - Analyse unemployment using economic concepts and models	4	Internal	Yes	No	CI
2	AS91227 02	Economics 2.6 - Analyse how government policies and contemporary economic issues interact	6	Internal	Yes	No	SI, SC, CI
		Total Available Credits	22

Note: Courses are subject to change with the review of courses at the end of each year. Course is endorsable.

Progression: (What courses does this course lead to?)
This course will progress to Level 3 Economics and/or Level 3 Business Studies.

Contextualised contexts: (What local, cultural, real-life content is involved in this course?)
Local community links and business study.

Teaching and Learning Approaches: (How will I learn in this course?)
Students will learn through group participation, peer-learning and teacher focused learning environment. A combination of practical and theory components.

Resource requirements: (What resources will I need to have to learn in this course?)
Students will require access to a chromebook, and a 1B5 exercise book. They have the option to purchase a workbook.

Course Outline

Term 1 02 February - 16 April 2021 (10/11 weeks)	Term 2 03 May to 09 July 2021 (10 weeks)	Term 3 26 July to 01 October 2021 (10 weeks)	Term 4 18 October to early November 2021 (4 weeks)
Unemployment Trade	Trade Growth	Inflation Government Policies	NCEA Revision
KEY DATES: Week 9: AS91225	KEY DATES: Week 9: Assessment Week	KEY DATES: Week 6: AS91227 Week 9-10: Derived Grade examinations	KEY DATES: Week 5: NCEA Examinations

Term 1
02 February - 16 April 2021
(10/11 weeks)

Term 2
03 May to 09 July 2021
(10 weeks)

Term 3
26 July to 01 October 2021
(10 weeks)

Term 4
18 October to early November 2021
(4 weeks)

Unemployment
Trade

Trade
Growth

Inflation
Government Policies

NCEA Revision

KEY DATES:

Week 9: AS91225

KEY DATES:

Week 9: Assessment Week

KEY DATES:

Week 6: AS91227
Week 9-10: Derived Grade examinations

KEY DATES:

Week 5: NCEA Examinations

_____________________________________________________________________________________________________________

Graduate profile: (What qualities/additional skills learners will achieve by taking this course?)
Pupils will study the New Zealand economy. Pupils study both microeconomic models to gain an understanding of the efficiency of markets. They will lean to understand that in the real-world firms do not meet the conditions for perfect competition, meaning government intervention is almost certainly required to improve efficiency and/or equity. Analysis at this level will show that government intervention may involve a trade-off between efficiency and equity. Macroeconomic analysis at this level involves looking at the performance of the New Zealand economy. The impact of internal and external influences on the economy are analysed using economic models that allow them to predict the impact of the influences on the goals of government. Skill development includes critical thinking, guided inquiry learning, self-management, statistical analysis, logical thinking, interpretative and analytical thinking, and collaborative and team work.

Possible Career/ Vocational Pathway(s): (What career pathways are related to this course?)
Economist, market researcher, financial analyst, economics advisor, business analyst, policy analyst, politician, lawyer, management consultant, economic analyst, entrepreneur, banking, research analyst, secondary school teacher, property manager, journalist, tax consultant, stockbroker and many more.

Learning outcomes/Assessment links:

NCEA Level	Standard Number	Standard Descriptor	Credits	Assessment	Literacy	Nuemracy	Vocational Pathways
3	AS91399 02	Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium	4	External	Yes	No	SI
3	AS91400 02	Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis	4	External	Yes	No
3	AS91401 02	Economics 3.3 Demonstrate understanding of micro-economic concepts	5	Internal	Yes	No
3	AS91402 03	Economics 3.4 - Demonstrate understanding of government interventions to correct market failures	5	Internal	Yes	No
3	AS91403 02	Economics 3.5 - Demonstrate understanding of macr-economic influences on the New Zealand economy	6	External	Yes	No
		Total Available Credits	24

Note: Courses are subject to change with the review of courses at the end of each year. Course is endorsable.

Progression: (What courses does this course lead to?)
This course can lead to a Bachelor of Commerce, Bachelor of Business Studies, or Bachelor of Arts - focusing on politics, philosophy and economics, Bachelor of Law, Bachelor of Science and similar certificate or diploma courses.

Contextualised contexts: (What local, cultural, real-life content is involved in this course?)
Local community links and business study.

Teaching and Learning Approaches: (How will I learn in this course?)
Students will learn through group participation, peer-learning and teacher focused learning environment. A combination of practical and theory components.

Resource requirements: (What resources will I need to have to learn in this course?)
Students will require access to a chromebook, and a 1B5 exercise book. They have the option to purchase a workbook.

Course Outline

Term 1 02 February - 16 April 2021 (10/11 weeks)	Term 2 03 May to 09 July 2021 (10 weeks)	Term 3 26 July to 01 October 2021 (10 weeks)	Term 4 18 October to early November 2021 (4 weeks)
Demand and Utility Elasticity	Market Structures Marginal Analysis	Market Failure Government Interventions and Policy	NCEA Revision
KEY DATES:	KEY DATES: Week 5: AS91401 Week 7: Assessment week	KEY DATES: Week 6: AS91402 Week 9-10: Derived Grade examinations	KEY DATES: Week 5: NCEA Examinations