ECO2

Level 2 Economics

Course Description

Teacher in Charge: J. Jia.

NCEA Level Two Economics, two 4-credit external examinations, two 4-credit internal examinations, OR one 4-credit and one 6-credit internal examination.

Course Overview

Term 1
Term 1 starts with the External standard, Inflation, which helps students understand the causes and effects of rising prices on the economy, purchasing power, and monetary policy, enabling them to analyze economic stability and make informed decisions.

In addition, Term 1 also covers the internal standard, Unemployment. This standard involves understanding unemployment causes, types, and impacts on the economy and society, to develop strategies to mitigate joblessness and promote economic stability and growth.

Term 2
Term 2 focuses on the internal standard, statistical analysis, which equips students with the skills to interpret and analyze economic data, enabling them to make evidence-based decisions, identify trends, and evaluate economic theories and policies with greater precision.

Term 3
Term 3 covers the 6-credit internal, Government Policy. This standard aims to provide students with an understanding of how these policies shape economic and social outcomes, enabling them to analyze the impact of legislative decisions on public welfare, economic stability, and the overall functioning of society.

Term 4
External Revision and Assessment

Recommended Prior Learning

Commerce at Level 1, but negotiable.

Pathway

Learning economics in secondary school opens up multiple career and academic pathways by providing a deep understanding of how economies function, the role of governments and institutions, and the behavior of individuals and markets. Students are introduced to fundamental concepts such as supply and demand, market structures, and economic indicators, which lay the groundwork for further study in economics, finance, business, or public policy. This knowledge equips them for careers in various sectors including banking, consulting, government, international organizations, and academia. Additionally, the critical thinking and analytical skills developed through studying economics are valuable in making informed personal financial decisions and understanding global economic issues, thereby fostering informed and active citizenship.

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

This course is eligible for subject endorsement.

Total Credits Available: 18
Internal Assessed Credits: 14
External Assessed Credits: 4
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91222 v2
NZQA Info

Economics 2.1 - Analyse inflation using economic concepts and models


Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91225 v2
NZQA Info

Economics 2.4 - Analyse unemployment using economic concepts and models


Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r
Numeracy Credits: 0
A.S. 91226 v2
NZQA Info

Economics 2.5 - Analyse statistical data relating to two contemporary economic issues


Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91227 v2
NZQA Info

Economics 2.6 - Analyse how government policies and contemporary economic issues interact


Level: 2
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 6r
Numeracy Credits: 0
Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 10
Total Numeracy Credits: 0