Level 2 Economics
ECO2 Course DescriptionTeacher in Charge: J. Jia.
Recommended Prior LearningCommerce at Level 1, but negotiable.
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
Pathway
Level 3 Business UE Approved, Level 3 Economics UE Approved
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.