Course Overview
Economists are interested in the factors that influence the well-being of people and aim to find solutions that improve people’s standard of living. Economics explores issues such as: How efficient are free markets in solving economic problems? How should governments intervene when markets fail? What are the best combinations of economic policies governments’ should use to enhance economic performance?
This Year 13 course has a Social Science inquiry approach and will enable you to investigate and question a range of micro and macro-economic issues currently facing New Zealand society in its mixed-market economy – including, with the aid of models, a study of micro- economic Issues.
Topics covered include:
- How efficient are free markets?
- How can marginal analysis help firms make better economic decisions?
- How can governments intervene when markets fail?
- Is there a trade-off between efficiency and equity in the economy?
- What policy-mixes can/should governments use to achieve their macro- economic goals?
Tags covered include
The Teacher
Peter Turnbull
0Students 3 Courses
I live on a small lifestyle block near Winton, Southland, with my wife Kathy. We have four grown-up children - a geologist, a police officer, and two teachers. I have been teaching Level 3 Economics for 37 years and have recently retired from my Central Southland College position as Assistant Principal. In my spare time, I enjoy DIY, hunting, tramping, and playing golf, as well as tending our small farm. I have always enjoyed the challenge of teaching Economics, and have also taught senior Accounting classes. This is my first time as an E-teacher so I am on a very steep learning curve! I am excited about working with new students and working with you to help you achieve your goals in your study of Economics.
Course Details
| Standard No * | Standard title | credit value | Internal/External | Completion |
| 91401 v2 | Demonstrate understanding of micro-economic concepts. | 5 | Internal | |
| 91402 v3 | Demonstrate understanding of government interventions to correct market failures. | 5 | Internal | |
| 91399 v2 | Demonstrate understanding of the efficiency of market equilibrium. | 4 | External | |
| 91403 v2 | Demonstrate understanding of macro-economic influences on the New Zealand economy. | 6 | External | |
| 91400 v2 | Demonstrate understanding of the efficiency of market structures using marginal analysis | 4 | External |
Learning Exchange
1.00 placement
OR Cost
$1976.00
