St Peter’s School (Cambridge)
Level 2 - Economics
Course Description
Economics is an exciting, dynamic subject that allows students to develop an understanding of the complexities and interdependence of economic activities in a rapidly changing world.
At the heart of economic theory is the problem of scarcity. While the world’s population has unlimited needs and wants, there are limited resources to satisfy these needs and wants. As a result of this scarcity, choices have to be made. This course looks at these on a macro scale. Students will learn the causes and effects of the big issues; inflation, international trade, growth and unemployment. These are issues that test society and government actions. The concept of political economy will be examined when students investigate which government response (monetary, fiscal or supply-side policy) is best able to respond to changes in the domestic and international economy.
As a social science, economics examines these choices through the use of models and theories. This course introduces students to the concept of the aggregate, with new models and analytical tools. Students are encouraged to use empirical data, through the examination of real-world concerns. These concerns include:
- Why does economic activity vary over time and why does this matter?
- How do the objectives of inflation and unemployment complement or compete?
- How do governments manage their economy and how effective are their policies?
- Who are the winners and losers of the integration of the world’s economies?
Given the rapidly changing world, economic activity and its outcomes are constantly in flux. Therefore, students will be able to appreciate both the values and limitations of economic models in explaining real-world economic behaviour and outcomes. By examining the big macroeconomic concepts students will have the capacity to engage in debate about the current and past actions of our business and political leaders. The aim is that they develop the knowledge, skills, values and attitudes that will encourage them to act responsibly as global citizens.
Pre-requisites
Completion of Year 11 Economics or Year 11 Commerce
Course Specific Costs
$25 - student write-on workbooks
Pathway
Economics continues into NCEA Level 3. Further study in economics can be undertaken at university level (such as degrees in finance, economics, management and marketing). Career opportunities are wide and varied. Economic skills and knowledge are directly relevant in career areas such as private business, banking, accountancy, journalism, economic research, the Reserve Bank and local/national government bodies. Macroeconomics will enable young people to have an informed opinion on the major events and issues that are discussed in media and academia.
Credit Information
You will be assessed in this course through all or a selection of the standards listed below.
This course is eligible for subject endorsement.
External
NZQA Info
Economics 2.1 - Analyse inflation using economic concepts and models
NZQA Info
Economics 2.3 - Analyse economic growth using economic concepts and models
NZQA Info
Economics 2.4 - Analyse unemployment using economic concepts and models
NZQA Info
Economics 2.6 - Analyse how government policies and contemporary economic issues interact
Disclaimer
Specific course content may change from what has been advertised in order to remain current and meet students' needs.
The school has the right to make the best decision based on both staffing, and overall student interest, when preparing the final timetable.
WEB88, Rendered 8.31MB in 0.0748 seconds with 18 queries.
