3ECO

3ECO - Level 3 Economics

Course Description

Teacher in Charge: Matua N. Lineham.

This course looks at how markets work and how individual firms make decisions on how much to produce. It covers market failure and government actions to correct this. It looks at the free-market neo-liberal model and the limitations of this. 

Career Pathways

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.

This course is approved for University Entrance.

Total Credits Available: 18
Internal Assessed Credits: 10
External Assessed Credits: 8
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91399 v2
NZQA Info

Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91400 v2
NZQA Info

Economics 3.2 - Demonstrate understanding of the efficiency of different market structures using marginal analysis


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91401 v2
NZQA Info

Economics 3.3 - Demonstrate understanding of micro-economic concepts


Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
A.S. 91402 v3
NZQA Info

Economics 3.4 - Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes


Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 18
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 18

Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.