11 Economics 1
Course Description
Teacher in Charge: Michelle Farquhar.
The course aims to develop an understanding of why and how consumers and producers make economic decisions. Students will look at options an organisation has to meet a need, issue or opportunity; make a justified decision; then explain the consequences of this decision on both the organisation and its stakeholders. An understanding of how the market works and the way scarce resources are managed and allocated in the context of the New Zealand economy are also included. Opportunities for real world learning in this course include investigating the decisions McDonalds makes in terms of resources use as well as the interdependence McDonalds has with other sectors in the economy.
This course will however, prepare students for the current Level 2 and onto Level 3 Economics courses.
Prerequisites
There are no specific prerequisites for this course.
HoF Approval
Contributions and Equipment/Stationery
*11EC1* - Supplementary costs: Approx $40
Pathway
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
External
NZQA Info
Commerce 1.1 - Demonstrate understanding of an organisation's financial decision-making