Student Interviews on Economics
Why Economics?Helps to solve issues people face in their everyday lives
Economics students explore decisions that directly affect their lives, such as:
By studying economics, students will consider how New Zealanders are affected by the economic decision-making of individuals, communities, businesses, and government agencies in New Zealand and overseas. They will:
Students will understand why New Zealand consumers may experience price increases for products, such as cheese and butter, if local producers are exporting goods such as dairy produce for increasing returns. Students will be challenged to find solutions to current macro-economic issues, such as unemployment, poverty, low economic growth, inflation, overuse of natural resources. Recognises the different perspectives and values individuals and groups bring to economic decision making Students will compare and contrast economic decisions affecting New Zealand in contexts in which resources are scarce. Students will research the viewpoints different groups bring to negotiations. For example, an employer and an employee may have different views on what a fair wage increase might be. Students will use analytical tools to present justified recommendations about resource issues. For example, a student could use efficiency and/or equity arguments to justify a policy like a carbon tax as a means of reducing global warming, or giving property rights to Māori as a means of conserving the foreshore. By studying economics, students will learn to value all cultures and the contributions they make to economies. For example, a student might study the impact of immigration on the economy and what skills different immigrants bring to New Zealand. Prepares students to participate effectively in the real world Students will become financially capable. They will be able to:
Such critical thinking skills are highly valued in global job markets. By studying economics, students will be able to use knowledge and technologies that will enable them to actively contribute in individual, business, government, and global financial contexts. They will see how their incomes will grow if they develop skills that employers demand. |
What do we study?
The Level 1 course is a study of the basic concepts of micro Economics, with topics such as:
While studying Economics in Year 10 may be benefical to students, not having studied this subject prior to Level 1 is not a barrier to studying Economics in Year 11.
The Level 1 course is a study of the basic concepts of micro Economics, with topics such as:
- Consumer Decisions and Demand
- Producer Decisions and Supply
- Markets - the Combination of Supply and Demand
- The interdependence of the Economics
- Producer Decisons Involving Production
While studying Economics in Year 10 may be benefical to students, not having studied this subject prior to Level 1 is not a barrier to studying Economics in Year 11.
What do we study?
The Level 2 course is a survey of New Zealand macro Economics, with topics such as:
While studying Economics in Level 1 may be benefical to students, not having studied this subject prior to Level 2 does not proclude a student from picking Economics up in Level 2.
The Level 2 course is a survey of New Zealand macro Economics, with topics such as:
- Inflation
- International Trade
- Economic Growth
- Unemployment
- Government Policies
- Contemporary Issues
While studying Economics in Level 1 may be benefical to students, not having studied this subject prior to Level 2 does not proclude a student from picking Economics up in Level 2.
What do we study?
The Level 3 course is a study culmination of micro and macro Economics, giving students a solid grounding for tertiary study in Commerce, with topics such as:
- The efficency of Market Equilibrium
- The efficency of different Market Structures using marginal analysis
- Micro Economic Concepts
- Government Interventions in the Market
- Macro Economic Influences on the New Zealand Economy
While studying Economics in Level 1 and Level 2 may be benefical to students, not having studied this subject prior to Level 3 does not proclude a student from picking Economics up in Level 3.