Year 12 Economics
Course Description
Teacher in Charge: Mr S. Turner.
Economics is about the world around us.
Why study 12 Economics?
- Learn a way of thinking
- Learn about about the NZ Economy
- Learn that all decisions have trade-offs
- Prepare for a career in business
12 Economics Wellington Trip
12 Economics explores the New Zealand economy. News and current events will be used to explore the macro-economic issues of housing, trade, unemployment, economic growth, and inflation. A particular focus will be on the cost of living crises and the economic recovery in NZ.
Students will gain an understanding of the causes and effects of each issue using economic models. Students will develop an awareness of government policies (contractionary fiscal and monetary policy) that may be implemented to address these issues, and how these policies can impact on various groups in society.
Microsoft Excel will be use to explore the relationships between economic variables and forecast trends.
Opportunities will be given to develop financial capability with the Stock-market game.
Course Overview
Term 1
AS 2.7
Students will apply their understanding of demand and supply to a topic of special interest. For example, students could study housing affordability in Tauranga , and why house prices keep increasing and what it means for various groups such as first home buyers, home-owners and investors.
Students will get two opportunities to play the ASX stockmarket game. Students will learn through doing, and understand why share prices go up and down. This experience will support students in their future journey of wealth creation.
Term 2
12 Economics Trip to Wellington
Students will spend three days in Wellington, visiting Parliament House, NZ Treasury, Sharsies, Te Papa and NZ Reserve Bank. The trip is optional and costs $300 which includes accommodation, transport and all food except lunches.
AS 2.4
Students will apply economic concepts and models to explain the causes of unemployment and the impacts on various groups,
AS 2.1
Students will study inflation, the next biggest issue to face the NZ economy. Students will understand why prices are increasing, such as cost push inflation (caused by high freight costs and stretched global supply chains) and what this means for consumers and producers.
Term 3
AS 2.6
Students will understand how the NZ economy is connected and look at various government policies to address contemporary issues such as covid, economic growth, housing, unemployment and trade.
AS 2.2
Student will understand why trade occurs between nations. Students will gain an understanding of why trade is so important for NZ. Students will study trade models and concepts including exchange rates.
Term 4
External Revision
Recommended Prior Learning
It is recommended that students have studied Year 11 Economics.
However entry is possible to all students based on teacher discretion.
Pathway
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 2.2 - Analyse international trade 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
NZQA Info
Economics 2.7 - Analyse a contemporary economic issue of special interest using economic concepts and models
Pathway Tags
Mining Engineer, Accountant, Auditor, Actuary, Finance Manager, Advertising Specialist, Retail Manager, Statistician, Property Manager, Cafe/Restaurant Manager, Elected Government Representative, Foreign Policy Officer, Workplace Relations Adviser, Economist, Human Resources Adviser, Financial Adviser, Mortgage Broker, Policy Analyst, Accountant, Auditor, Actuary, Finance Manager, Advertising Specialist, Technician, Retail Manager, Statistician, Baker, Hotel/Motel Manager, Property ManagerCafe/Restaurant Manager, Urban/Regional Planner, Elected Government Representative, Event Manager, Quantity Surveyor, Foreign Policy Officer, Workplace Relations Adviser, Environmental ScientistHuman Resources Adviser, Energy/Carbon Auditor, Financial Adviser, Health Promoter, Health Services Manager, Mortgage Broker, Policy Analyst, Tertiary Lecturer, Real Estate Agent, Secondary School Teacher, Valuer,
Disclaimer
Note that picking a course doesn't guarantee entry.
If you have any questions or concerns, please contact the year level dean or the Future Pathways team for support and guidance.