Level 2 Economics
12ECO Course DescriptionTeacher in Charge: Mr D. Thai.
Recommended Prior LearningStudents would benefit from having done Year 11 Commerce to gain an understanding of basic economic concepts such as supply and demand.
This course will be of particular interest to students who have an interest in how the business and financial worlds work, as we learn about markets and the wider NZ and global economy. This includes investigating topics such as:
minimum wage and its potential impacts on employment and economic growth
positive and negative impacts of economic growth
how important current economic issues (for example high house prices) can be impacted by government policies
international trade and its positive and negative impacts
loans, mortgages, Kiwisaver, exchanges rates, trade deficits
Key skills students develop in this course include the ability to analyse and evaluate the impact of changes in the economic environment on key indicators such as inflation, economic growth and employment. Students will also develop their oral and written skills for making logical, well reasoned arguments.
Course Overview
Term 1
Recap of Level 1 Economics key concepts and introduce new concepts
Analyse unemployment using economic concepts and models
Begin analysing economic growth using economic concepts and models
Term 2
Continue analysing economic growth using economic concepts and models
Analyse how government policies and contemporary economic issues interact
Term 3
Continue analysing how government policies and contemporary economic issues interact
Analyse international trade using economic concepts and models
Term 4
Continue analysing international trade using economic concepts and models
Revision for economics growth and international trade external exams
Pathway Career Pathways
Actuary, Statistician, Economist, Policy Analyst, Valuer, Bank Worker