L3 Economics - Full Year - 2024

Explore individual, business, government, and global financial contexts.

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?


The Teacher

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Peter Turnbull

0Students 1 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

Understand the efficiency of market equilibrium.
Understand micro-economic concepts.
Understand government interventions to correct market failure
Understand macro-economic influences on the New Zealand economy.

Commerce
Levels 1 and 2 Economics is desirable, but not essential provided the student does background reading and has reasonable mathematics and research skills.
Google Meet, Google Spaces
School Year
29 Jan 2024
18 Nov 2024
English

Yes
NCEA Level 3
No
Standard No * Standard title credit value Internal/External
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 Resources Required: Text (School buys): Senior Economics NCEA Level 3 by Geoff Evans. ISBN 978-0-582-54807-7 Pearson. Workbook (student buys. Approx $25): Economics Learning Workbook Level 3 by Philip Jellyman ISBN: 978-1-927194-66-9 ESA Publications (NZ) Ltd.

Learning Exchange

1.00 placement

OR Cost

$1900.00

2 - 20

Offered by

Central Southland College
Central Southland College

Level (NCEA)

Yes - L3

Course Dates

29 Jan 2024

till 18 Nov 2024

Duration

School Year

Taught in

English

Overall Rating

Learning Exchange

1.00 placement

OR Cost

$1900.00

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