Year 12 Economics
12ECON Course DescriptionTeacher in Charge: Mr I. Sahib.
At the senior levels, students in Level 2 cover four main macro-economic issues; unemployment, inflation, statistical analysis and Government policies. Economics covers a wide range of topics from where students are able to relate to real life issues such as inflation, unemployment, Government policies which has profound effect on lives of our students and the families.
Students will be travelling to wellington for 4 days when studying the topic of Government policies.
Wellington Trip to Reserve Bank, Treasury and Parliament
Course Overview
Term 1
Achievement Standard 91225 version 2 (4 credits)
Analyze unemployment using economic concepts and models
This achievement standardrequires students to write a report analysing the changes in unemployment caused by the recent significant event and the impact of these changes on various groups in New Zealand society.
Term 2
Achievement Standard 91227 version 2 (6 Credits)
Analyse how government policies and contemporary economic issues interact
This achievement standard requires students to carry out an economic analysis that presents government policies aimed at lifting the economy out of recession without jeopardising the policy objective of price stability.
It is expected that students will be familiar with economic policies relating to inflation, economic growth, and international trade before using this assessment resource.
Term 3
Achievement Standard 91226 version 2 (4 credits- numeracy)
Analyse statistical data relating to two contemporary economic issues
This achievement standard requires students to write a report analysing statistical data related to two contemporary economic issues. Possible issues include inflation, international trade, economic growth, unemployment, or an issue of special interest involving the allocation of scarce resources.
Term 4
AS91222- Inflation (4 Credits- external)
Analyse inflation using economic concepts and models
Pathway
Year 13 Accounting, Year 13 Business Technology, Year 13 Economics
Economics students explore decisions that directly affect their lives, such as:
• whether to do homework or go to a movie
• extract mineral resources today or save them for the future
• charge the full price or subsidize education to make it more accessible.
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:
• develop an understanding of the New Zealand economy and the policies that the Government uses to manage it
• make sense of economic problems that they may be facing, now and in the future
• make connections between New Zealand’s economy and the global economy.
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.
Statistician, Economist, Policy Analyst, Tertiary Lecturer, Actuary, Agricultural/Horticultural Consultant, Insurance Loss Adjuster, Bank Worker, Insurance Claims Officer, Workplace Relations Adviser, Financial Adviser, Insurance Adviser, Cook, Auctioneer, Property Manager, Interior Designer, Mortgage Broker, Real Estate Agent, Valuer