L3ECO

Level 3 Economics 2025

Course Description

Teacher in Charge: Sharon Dove.

The aim of this course is to build on the knowledge gained in the Level 1 and/or Level 2 Economics courses. This course covers both micro and macro-economics.  Students will learn the basic micro-economic concepts. They will use the relevant economic models to illustrate and explain changes to the models as a result of the operation of market forces, the international trade markets and government interventions. Students will also explore the effectiveness of government policies and/or external factors in achieving different macro-economic goals which include price stability, full employment, economic growth and balanced current account.

View Level 3 Economics video here 

Recommended Prior Learning

Level 2 Economics and Business Studies or at the discretion of the Head of Department of Commerce

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.

This course is approved for University Entrance.

Total Credits Available: 15
Internal Assessed Credits: 5
External Assessed Credits: 10
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91399 v2
NZQA Info

Economics 3.1 - Demonstrate understanding of the efficiency of market equilibrium


Level: 3
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r,4w *
Numeracy Credits: 0
A.S. 91401 v2
NZQA Info

Economics 3.3 - Demonstrate understanding of micro-economic concepts


Level: 3
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 5r *
Numeracy Credits: 0
A.S. 91403 v2
NZQA Info

Economics 3.5 - Demonstrate understanding of macro-economic influences on the New Zealand economy


Level: 3
Internal or External: External
Credits: 6
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 6r,6w *
Numeracy Credits: 0
Credit Summary
Total Credits: 15
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 15
Total Numeracy Credits: 0

Approved subject for University Entrance

Number of credits that can be used for overall endorsement: 15

Only students engaged in learning and achievement derived from Te Marautanga o Aotearoa are eligible to be awarded these subjects as part of the requirement for 14 credits in each of three subjects.

Course Videos

Disclaimer

  • Availability of all courses is subject to student numbers and staffing
  • Some courses will not be available if numbers are too small 
  • Some classes may be combined by Year level (e.g. Year 11 and 12 in one class) if numbers do not make separate classes viable 
  • It may not be possible to accommodate all choices and combinations of subjects 
  • Parents/Caregivers and students need to satisfy themselves that a chosen course meets the student’s goals for the following year and beyond