Economics Level 1

This course provides the first step towards a career in banking, share-market trading, business management, government policy, and much more.

Economics Level 1 (Full Year) (L1ECONF)

Prior Learning: None
Future Pathways/Subjects: Level 2 Economics
Note:
Students may not study this course as well at L1ECONH.
This course is designed for students who wish to discover the make-up of our economy. We will investigate how markets work, how producers maximise profit, and how the government intervenes in the market.
It covers government decisions, looks at how the McDonald’s franchise keeps ahead of its opposition, as well as examining how different sectors of the economy interact.
TOTAL CREDITS AVAILABLE: 20 Credits
EXTERNAL CREDITS: 8 Credits
INTERNAL CREDITS: 
12 Credits

Standard
Number

Level Credits Lit / Num Full Title Method of
Assessment
Assessment Opportunities Offered

90984

1

5

L1 Lit Economics 1.2 – Demonstrate understanding of decisions a producer makes about production Assignment

90987

1

4

L1 Lit Economics 1.5 – Demonstrate understanding of a government choice where affected groups have different viewpoints Assignment

90988

1

3

L1 Lit Economics 1.6 – Demonstrate understanding of the interdependence of sectors of the New Zealand economy Assignment

90985

1

3

L1 Lit Economics 1.3 – Demonstrate understanding of producer choices using supply Exam External

90986

1

5

L1 Lit Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium

Exam

External

 Economics Level 1 (Half Year) (L1ECONH)

Prior Learning: At the HOD’s discretion
Future Pathways/Subjects: Economics and Business Studies
Notes:
Students may not study this course as well as L1ECONF.
This course is designed for students who wish to have an introduction to Economics and who wish to learn about how businesses operate in the modern economy. It covers how McDonald’s maximises profit through its decision-making, as well as investigates how consumers, producers, banks, the government, and foreign businesses interact within the NZ economy. This is an internally assessed course.
TOTAL CREDITS AVAILABLE: 11 Credits
EXTERNAL CREDITS: 0 Credits
INTERNAL CREDITS:
11 Credits

Standard Number

Level

Credits

LIt / Num

Full Title

Method of Assessment

Assessment Opportunities Offered

90984

1

5

L1 Lit

Economics 1.2 – Demonstrate understanding of decisions a producer makes about production

Assignment

90988

1

3

L1 Lit

Economics 1.6 – Demonstrate understanding of the interdependence of sectors of the New Zealand economy

Assignment

28089

1

3

Demonstrate understanding of personal financial goal setting

Assignment

Vocational Pathways

rosette-fullThe NZ Qualifications Authority has identified six categories of jobs. The aim is to improve the relevance of learning for students by indicating how their learning and achievement is valued by broad sectors of the workforce. Vocational Pathways enables employers to assess whether potential employees’ skills align with their industry requirements more easily. This will be a real advantage when they look for work and training opportunities in the sector.

Students now have access to their personalised Vocational Profile on the NZQA website and it is important that students use this as a tool to plan their subjects.

More on vocational pathways can be found at  Vocational Pathways

  • Relevant Vocational Pathways links:
  • Construction and Infrastructure
  • Manufacturing and Technology
  • Primary Industries
  • Service Industries
  • Social and Community Services
  • Creative Industries