ECO1

Level 1 Economics

Subject Description

Teacher in Charge: M. Gray

Students will gain both a practical and theoretical understanding of consumer decisions, producer decisions and the subsequent behaviour of these two groups in the market place. This is a foundation course that will equip students with economic terminology, knowledge, skills and models essential to the ongoing study of Economics at higher levels.


The core Economics Level 1 course includes a total of 17 credits as detailed below. It may be that it is more appropriate for some students to be entered for AS90985 instead of AS90986, which would reduce the total credits to 15. This will be discussed and modified during the year on a case-by-case basis.



Possible alternative standard - A.S. 90985 v3 Economics 1.3 - Demonstrate understanding of producer choices using supply



Pathway

Contributions and Equipment/Stationery

Workbook $25

Credit Information

This course is eligible for subject endorsement.

Total Credits Available: 17 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 8 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 90983 v3
NZQA Info
Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand
4
4
4
Level: 1
Internal or External: External
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90984 v3
NZQA Info
Economics 1.2 - Demonstrate understanding of decisions a producer makes about production
5
5
5
Level: 1
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90986 v3
NZQA Info
Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium
5
5
5
Level: 1
Internal or External: External
Credits: 5
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90988 v3
NZQA Info
Economics 1.6 - Demonstrate understanding of the interdependence of sectors of the New Zealand economy
3
3
3
3
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 17
Total Level 1 Literacy Credits: 17
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0

Disclaimer

An individual course will only run if sufficient students are accepted into the course.