NCEA Level 2 Economics
Course Description
Head of Faculty - Kaihautuu: Mr B. Silk.
Level 2 Economics
What capabilities will I develop?
Economics aims to teach students to understand how the NZ economy works together as a whole. This will be ideal preparation for students who wish to complete an economics degree, make decisions as to growth or expansion in their own business, or wish to find work in a variety of government or private businesses in NZ e.g. Treasury, Reserve Bank, Statistics NZ, Infometrics, or any of NZ's major banks. The course encourages students to think critically about models that show how NZ works economically. They then need to apply those models to real life situations involving the issues of inflation, international trade, and economic growth.
What knowledge will I develop?
Students will learn the economic models used by government to deal with the possible effects of inflation, international trade, and economic growth. They will then discuss how the government could intervene in the NZ economy to minimise the negative effects of these issues. This will involve them putting together their own economic policies to deal with a real life situation in the NZ economy.
Course Overview
Term 1
Revision of Demand, Supply and Market in class to get all students up to the point where they would be if they had studied 11ECO
Inflation - a workbook based topic involving interactive teaching slots. Also we use group activities and viewing the real-life Statistics NZ data for this topic. This is to aid students learning. Inflation is an external standard.
Term 2
International Trade- a workbook based topic involving interactive teaching slots. Also collaborative student centered activities and viewing the real-life Statistics NZ data for this topic. International Trade is an external standard.
Term 3
Economic Growth- a workbook based topic involving interactive teaching slots. Also collaborative student centered activities and viewing the real-life Statistics NZ data for this topic. International Trade is an external standard.
Government Policies to deal with Inflation, Trade, and Economic Growth- This is an assignment-based internal involving research mixed with economic talks about how the NZ Government will solve the problems of inflation, trade and economic growth. The government policies or tools that we learn about are interest rates and government budgets.
Term 4
Government Policies to deal with Inflation, Trade, and Economic Growth
Revision for NCEA External Exam by collaboratively summarising topics and individually completing exam papers.
Recommended Prior Learning
Level 1 Economics is useful but not compulsary.
Pathway
Direct entry from level 1 to level 3 requires HOD approval, but any motivated student is very welcome to direct entry.
Leads to careers such as Economist, Banker, Business Journalist, Business Owner, Commercial lawyer, Accountant (both Cost and Management Accountants), Financial Adviser, Share-broker, any commerce related field, Industry Production Manager
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: 24 credits.
Externally Assessed Credits: 18 credits.
Internally Assessed Credits: 6 credits.
External
NZQA Info
NZQA Info
NZQA Info
NZQA Info
NZQA Info
Pathway Tags
Actuary, Statistician, Economist, Policy Analyst, Tertiary Lecturer, Valuer, Banker, Historian, Lawyer, Business Owner, Business Column Journalist,