Economics (11ECON)
Qualification
NCEA – Level 1
Course Outline
This introductory course aims to help learners to:
• Identify situations of scarcity and explain how scarcity leads to choices that have opportunity costs
• Use demand theory to explain consumer choices
• Investigate producers' decisions about production
• Link supply theory to explain producer choices
• Apply the supply and demand model to demonstrate how the choices of consumers, producers, and government affect society
• Understand the role of government in the economy and the choices to be made for an issue where affected groups have different viewpoints.
The course consistently refers to real-life situations and current events. Students have the opportunity to investigate how theory applies to local economic activity through two internally assessed projects.
Assessment
| NCEA Level |
Unit Standards |
Internal Achievement Standards |
External Achievement Standards |
Total Credits
for Level |
| Level 1 |
- |
2 |
3 |
21 |
Recommended Prior Achievement Level
This course is open to all students.
Cost
Please refer to the stationery list on mPower, but the following are estimated costs:
NCEA Economics Level 1 integrated textbook/workbook by Dan Rennie $30
Level 1 Economics Study Guide Booklet $10
AME Year 11 Economics Workbook $20
Literacy and numeracy
Some of these standards contribute to literacy