Course and Assessment Outline

This course focuses on how two groups in the economy (households and firms) interact in the marketplace. This interaction results in economic decisions about what will be produced and the process of production. The market is a central component of New Zealand, mixed economy; by studying the mechanism that allocates scarce resources and determines prices, you should understand the forces that impinge on your own economic participation.

The Economics course contributes 24 credits towards the Level 1 National Certificate in Educational Achievement (NCEA).

Internal Assessment

The Two Internal Achievement standards will be assessed as follows:

a. An in-class assignment over 2-3 periods during Term 1.

b. A research task followed by an in-class task using the researched information during Term 2.

External Examinations

The Five external Achievement Standards will be assessed by a 3 hour examination at the end of the year.

Grades

You can gain the following grades in the Achievement Standards.

Not Achieved N/A Did not meet the standard

Achieved A The standard was met

Merit M The standard was met demonstrating

very good work

Excellence E The standard was met demonstrating

excellent work

Entry requirements to level 2

Minimum of Achieved Grade in the following Level 1 NCEA achievement standards

1. at least THREE from external examinations in economics, and

2. at least TWO internal Achievement Standards, or