ECO1
This course requires 2 options.

Economics - Level 1

Course Description

Teacher in Charge: C. Hays

Economics students explore decisions that directly affect their lives, such as:
- whether to do homework or go to a movie
- extract mineral resources today or save them for the future
- charge the full price or subsidise education to make it more accessible.

By studying economics, students will consider how New Zealanders are affected by the economic decision-making of individuals, communities, businesses, and government agencies in New Zealand and overseas.

Students will study:
• Economic decision making of consumers and producers
• What is the market system and how in free market economies, prices set by the interaction of supply and demand allocate scarce resources.
• The New Zealand Economy and gain insight into how it works.


Course Overview

Term 1
Producers (Internal)
- understanding of the decisions a particular producer makes about production
- study of a local producer (what are their goals, production methods, innovative ideas to improve productivity, effect on the local economy)
- Field trip to Waihi Mine

Term 2
Circular Flow and the Economy (Internal)
- gaining an understanding of what makes up the New Zealand Economy.
- understanding of the interdependence of sectors of the New Zealand economy.
- providing a detailed explanation of how or why sectors are interdependent, using an economic model
- understanding the impact of an event on a sector with detailed explanations of the flow-on effects to other sectors, using an economic model.

Government Choices (Internal)
- understanding how government choices are made where affected groups have different viewpoints.
- insight into how political decisions are made, and the impact they have on society.

Term 3
Demand (External)
• understanding consumer choices related to scarcity
• understanding flow-on effects for the consumer and different choices the consumer makes in response to a change in a price or non-price factors affecting demand

Markets (External)
• understanding how producer, consumer and/or government choices affect market equilibrium with detailed explanations of how those changes affect different sectors
• integrating changes in supply and demand into different situations and markets.

Term 4
Exam preparation

Pathway

Can lead to career paths in (but not limited to...)
- Management roles in small to large businesses,
- Sharemarket / Finance
- Financial planning
- Banking
- Public sector roles
- Accountancy
- Business administration
- Marketing

Career Pathways

Prerequisites

Open Entry

Credit Information

This course is eligible for subject endorsement.
Course endorsement provides recognition for a student who has performed exceptionally well in an individual course.
Students will gain an endorsement for a course if, in a single school year, they achieve:
14 or more credits at Merit or Excellence, and
at least 3 of these credits from externally assessed standards and 3 credits from internally assessed standards.

Total Credits Available: 21 credits.
Externally Assessed Credits: 9 credits.
Internally Assessed Credits: 12 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

Assessments:
Term: 1, Week: 6
Term: 1, Week: 7
Term: 1, Week: 8

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. 90987 v3
NZQA Info
Economics 1.5 - Demonstrate understanding of a government choice where affected groups have different viewpoints
4
4
4
Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0

Assessments:
Term: 2, Week: 6
Term: 2, Week: 7

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: 21
Total Level 1 Literacy Credits: 21
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0

Disclaimer

POLICY
It is the policy of Tauranga Boys’ College to have school-wide policies that inform parents and students of the criteria for administering all Assessments for National Qualifications.