Year 11 Commerce
Subject Description
Teacher in Charge: Mr M. Prasad.
What is Economics about?
Economics examines how people make choices about the use of limited resources to satisfy unlimited wants. Economics helps explain and predict how goods and services will be produced and consumed.
Economics is the study of how people make decisions and of the forces that affect their behaviour and the shape of their institutions, such as the value of leisure time, consumer preferences, and the extent of government intervention.
Economics explores:
- issues of sustainability (efficient use of scarce resources)
- enterprise (identifying profit-maximizing levels of output)
- citizenship (economic decisions affecting New Zealand society)
- globalization (the benefits of international trade).
Economics considers the factors that influence the well-being of people and aims to find solutions to improve people's standard of living.
Economics has an important role to play in the education of all students, particularly in our rapidly changing society. Understanding basic economic concepts and the way in which the New Zealand economy operates is important for young people if they are to function in and contribute to our society.
The Aims of the Economic Syllabus
At Year 11, key economic conceptual understandings related to scarcity are introduced. Students gain an understanding of everyday micro-economic choices consumers, producers, and government need to make, because of scarcity, and the implications of these choices for society. Students are introduced to the supply and demand model, using it to support predictions they make about the effect of choices on society.
Subject Overview
Term 1
AS9088 DEMONSTRATE UNDERSTANDING OF THE INTERDEPENDENCE OF SECTORS OF THE NEW ZEALAND ECONOMY.
Term 2
AS90984 DEMONSTRATE UNDERSTANDING OF DECISIONS A PRODUCER MAKES ABOUT PRODUCTION
Term 3
AS90987 DEMONSTRATE UNDERSTANDING OF A GOVERNMENT CHOICE WHERE AFFECTED GROUPS HAVE DIFFERENT VIEWPOINTS
AS90983 DEMONSTRATE UNDERSTANDING OF CONSUMER CHOICES USING SCARCITY AND/OR DEMAND
Term 4
AS90983 DEMONSTRATE UNDERSTANDING OF CONSUMER CHOICES USING SCARCITY AND/OR DEMAND
AS90985 Demonstrate understanding of producer choices using supply
Recommended Prior Learning
Open Entry
Contributions and Equipment/Stationery
Level 1 Economics Learning Workbook $27
Pathway
Assessment Information
Three Internal assessments to be completed in and out of class time.They are all research-based assessments worth a total of 12 internal credits.
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: 19 credits.
Externally Assessed Credits: 7 credits.
Internally Assessed Credits: 12 credits.
External
NZQA Info
NZQA Info
NZQA Info
NZQA Info
NZQA Info