NCEA Level 1 Economics
Level 1
Number of Credits: 20

Entry Recommendations: Open entry.

Course Outline: Economics examines the choices people make about the use of limited resources to satisfy unlimited wants. It helps us to explain and predict how goods and services will be produced and consumed. Students will gain knowledge, skills, and experience to understand the choices consumers and producers face in the market and how sectors of the New Zealand economy are interdependent.  

Skills developed in the course:

  • Critical thinking
  • Problem solving
  • Graphing
  • Communication
  • Decision making
  • Research

Course Costs: Workbooks and revision booklets, approximately $50

The course leads to: NCEA Level 2 Economics

Assessment

AS 90983
Demonstrate understanding of consumer choices, using scarcity and/or demand
4 Credits
Literacy
Examination
 
AS 90984
Demonstrate understanding of decisions a producer makes about production
5 Credits
Literacy
Assignment
Assessment Period - Term 2, Week 7
AS 90985
Demonstrate understanding of producer choices using supply
3 Credits
Literacy
Examination
 
AS 90986
Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium
5 Credits
Literacy
Examination
 
AS 90988
Demonstrate understanding of the interdependence of sectors of the New Zealand economy
3 Credits
Literacy
Assignment
Assessment Period - Term 1, Week 7
Level 1 Economics