Year 11 Economics (11ECO)
Teacher in Charge: Mrs D. Reyneke
Year 11 Economics is an introductory course which involves the study of people and their activities relating to production, consumption and exchange. The study covers the demand of consumers, the role of supply and how markets operate in the New Zealand economy.
An understanding of economic issues and effects is a basis for the study of both commerce and society. From the planning of marketing decisions through to developing the Third World, Economics impacts upon us all. Because of its Arts and Commerce orientation it can be studied as a main or as a supporting subject within either an Arts or Commerce qualification. Economics also forms a core component of many other qualifications including Agriculture/Horticulture through to Parks, Recreation and Tourism Management.
Economics plays an important part in all decision making as nothing exists in a vacuum. Therefore, the real importance of Economics is at the very basis of planning and implementing major social or business decisions. Without an appreciation of the prevailing economic climate, both internally and externally, any project can go seriously awry. An understanding of Economics can play a large part in the decision-making process, whether it is to appoint additional staff in an expanding plumbing business or to purchase a salmon farm in Chile.
1.6 AS90988 Demonstrate understanding of the interdependence of sectors of the New Zealand economy (Internal assessment)
1.2 AS90984 Demonstrate understanding of decisions a producer makes about production (Internal assessment)
1.2 AS90984 Demonstrate understanding of decisions a producer makes about production (continue on from term 1.) (Internal assessment)
1.1 AS90983 Demonstrate understanding of consumer choices, using scarcity and/or demand (External assessment)
1.3 AS90985 Demonstrate understanding of producer choices using supply (External assessment)
1.4 AS90986 Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium. (External assessment)
Revisions for mock exams
Revisions for examinations
Contributions and Equipment/Stationery
Workbook approximately $50 including a Study Guide and e-learning revision.
This course is eligible for subject endorsement.
Total Credits Available: 20 credits.
Externally Assessed Credits: 12 credits.
Internally Assessed Credits: 8 credits.