12ECO

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.

Total Credits Available: 22
Internal Assessed Credits: 14
External Assessed Credits: 8
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
A.S. 91222 v2
NZQA Info

Economics 2.1 - Analyse inflation using economic concepts and models


Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91223 v2
NZQA Info

Economics 2.2 - Analyse international trade using economic concepts and models


Level: 2
Internal or External: External
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 91225 v2
NZQA Info

Economics 2.4 - Analyse unemployment using economic concepts and models


Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r
Numeracy Credits: 0
A.S. 91227 v2
NZQA Info

Economics 2.6 - Analyse how government policies and contemporary economic issues interact


Level: 2
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 6r
Numeracy Credits: 0
A.S. 91228 v2
NZQA Info

Economics 2.7 - Analyse a contemporary economic issue of special interest using economic concepts and models


Level: 2
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 4r
Numeracy Credits: 0
Credit Summary
Total Credits: 22
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 14
Total Numeracy Credits: 0

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.