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Economics is a social science about people and how they use resources. By studying economics, ākonga become aware of the roles that individuals play in an economy, increase their understanding of economic events and improve their own decision making. Ākonga explore the interactions between producers, consumers and governments and the impact economic decisions can have on society. Economics encourages ākonga to think critically and independently about business, economic and social issues. This subject leads to careers in a range of fields including social policy and planning, business and financial management.
This course gives ākonga the opportunity to explore major economic issues such as economic growth, unemployment, trade and inflation. Ākonga develop the skills to define and measure these and analyse their causes and effects in the context of the New Zealand economy.
Ākonga learn to use and evaluate economic models. The role of the government in the economy and the consequences of government policies are also explored. Ākonga examine the interdependent nature of economies and compare and contrast the varying impacts of economic forces on different groups in society. This gives ākonga a greater understanding of economic events and trends.
No prior learning needed.
| Standard | Description | Version | Credits | Assessment | L1 Lit/Num | UE Lit/Num | Vocational Pathways |
|---|---|---|---|---|---|---|---|
| 91222 | Analyse inflation using economic concepts and models | 2 | 4 | External | SeService Industries recommended standard |
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| 91223 | Analyse international trade using economic concepts and models | 2 | 4 | External | PrPrimary Industries recommended standard SeService Industries recommended standard |
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| 91224 | Analyse economic growth using economic concepts and models | 2 | 4 | External | SeService Industries recommended standard |
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| 91225 | Analyse unemployment using economic concepts and models | 2 | 4 | Internal | UElraUE literacy reading achievement standard |
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| 91226 | Analyse statistical data relating to two contemporary economic issues | 2 | 4 | Internal | |||
| 91227 | Analyse how government policies and contemporary economic issues interact | 2 | 6 | Internal | UElraUE literacy reading achievement standard |