NCEA Level 3 Economics
Course Description
Teacher in Charge: Mr N. Kumar.
The aim of Year 13 Economics is to enable students to attain a level of economic literacy and understanding which will allow them to develop a continuing and critical interest in contemporary economic issues.
Year 13 Economics provides a stepping stone to many careers, in commerce, humanities, engineering and law. It provides the basis for Stage One Economics at University, giving you a head start in your University career.
Economics Graduates
https://www.youtube.com/watch?v=8GGc8DEIXbc
Why study Economics?
https://www.youtube.com/watch?v=KwQbnNzxUHo
Economics field trip to Wellington—Reserve Bank of New Zealand, The Treasury, Parliament House, The High Court of New Zealand, Statistics New Zealand, Te Papa, Victoria University (Economics and Law Departments)
Course Overview
Term 1
AS91399 3.1
Demonstrate an understanding of the efficiency of market equilibrium
4 credits External
AS91401 3.3
Demonstrate understanding of micro-economic concepts
5 credits Internal
Term 2
AS91402 3.4
Demonstrate an understanding of government interventions to correct market failures
5 credits Internal
Term 3
AS91403 3.5
Demonstrate understanding of macro-economic influences on the New Zealand economy
6 credits External
School exams
Term 4
NCEA Exams
Recommended Prior Learning
*A prerequisite is at least 14 Level 2 credits in Economics.
If students have not studied L2 Economics or Accounting, then they must seek an exemption from the HOD.
Contributions and Equipment/Stationery
There will also be a cost associated with an OPTIONAL field trip to Wellington of approximately $400, that will assist with end of year examinations
e-Learn economics- online learning platform for all Y13 Economics students ($15 for the whole year)
https://www.elearneconomics.com/
Micro and Macro Level 3 Economics Workbook
Pens, highlighters, 2B8 exercise book, calculator
Laptop (Part of BYOD)
Pathway
Common career paths in economics include:
1.Economist.
2.Financial risk analyst
3.Data analyst.
4.Financial planner.
5.Accountant.
6.Economic researcher.
7.Financial consultant.
8.Investment analyst
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
External
NZQA Info
Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium
NZQA Info
Economics 3.3 - Demonstrate understanding of micro-economic concepts
NZQA Info
Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes
NZQA Info
Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy
Approved subject for University Entrance
Number of credits that can be used for overall endorsement: 20
Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.
Disclaimer
Rosmini College's timetable is student-driven and a new timetable is generated each year based on student subject selection. Unfortunately, while we do our best to avoid them, timetabling clashes may still occur and a few students may be required to choose an alternative subject option.
The 2025 timetable, including the number of classes in each subject and staffing allocations, is created based on student selections made in 2024. Because of this, changing subjects at the beginning of 2025 may not be possible. Please, make your subject choices carefully.