Level 1 Economics

L1ECO
Course Description

Teacher in Charge: Mrs L. Williams

What will I learn and how will I learn?
Economics is the practical study of scarcity and its impact on society.  Basically students who take this course will study local firms to understand how decisions are made to manage New Zealand’s resources.  They will also learn to understand consumer choices and demand.

Conditions of Assessment
Collection of evidence for the internally assessed standards can include, but is not restricted to, an extended task, an investigation, digital evidence (such as recorded interviews, blogs, photographs or film) or a portfolio of evidence. Assessment can be integrated into one activity that collects evidence towards two or three different standards from a programme of learning.  Evidence can also be collected over time from a range of linked activities (for example, in a portfolio). Authenticity of student evidence needs to be assured regardless of the method of collecting evidence.  

Submitting Internal Assessment
Depending on the nature of the assessment, this can be electronic or hard copy. The mode depends on the assessment conditions.

Resubmission and Further Assessment Opportunities
Resubmissions can only be offered once and only when small errors or omissions need to be corrected in student work in a short period of time. There is no further teaching available. Further assessment opportunities are not available in every standard.


Course Overview

Term 1
Demand; Circular flow
KEY DATES: Week 9: AS90988

Term 2
Producers; Supply; Markets
KEY DATES: Week 7: AS90984

Term 3
Markets; Government intervention
KEY DATES: Week 6/7: AS90987; Week 9-10: Derived Grade examinations

Term 4
NCEA Revision
KEY DATES: Week 5: NCEA examinations

Pathway

Level 2 Economics

Recommended Prior Learning

Entry is open, although a reasonable level of literacy is required.


Credit Information

This course is eligible for subject endorsement.

This course is approved for University Entrance.

Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
A.S. 90983 v3 Economics 1.1 - Demonstrate understanding of consumer choices, using scarcity and/or demand
1
E
4
Y
A.S. 90984 v3 Economics 1.2 - Demonstrate understanding of decisions a producer makes about production
Assessments:
Term: , Week:
Term: , Week:
1
I
5
Y
A.S. 90985 v3 Economics 1.3 - Demonstrate understanding of producer choices using supply
1
E
3
Y
A.S. 90986 v3 Economics 1.4 - Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium
1
E
5
Y
A.S. 90987 v3 Economics 1.5 - Demonstrate understanding of a government choice where affected groups have different viewpoints
Assessments:
Term: , Week:
Term: , Week:
1
I
4
Y
A.S. 90988 v3 Economics 1.6 - Demonstrate understanding of the interdependence of sectors of the New Zealand economy
Assessments:
Term: , Week:
Term: , Week:
1
I
3
Y
Total Credits

Total Credits Available: 24 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 12 credits.

Pathway Tags

Office Manager, Accounts Officer, Banking, Insurance, Business Consultant, Mortgage Broker, Retail Buyer, Accountant, Auditor, Finance Manager, Financial Adviser, Currency Dealer, Economist, Statistician, Business Owner, Business Manager, Advisor, Consultant, Policy Analysis, Business Journalist


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