The first part of this course focuses on resource allocation via the Market System and is an analytical study of the market. The next stage considers market failure and looks at resource allocation via the Public Sector. Students will gain an understanding of the role of the Government in ensuring the provision of goods and services. The final section takes a macroeconomic approach to the economy and the impact of government action. The economic literacy gained at this level should allow students to maintain a continuing interest in contemporary economic issues.

This course focuses on the issues that result from the operation of market forces. Students will investigate the role of the New Zealand economic system in dealing with important economic issues of Inflation, Trade, and Growth.

Students will be able to define as well as measure these economic issues.

The causes and effects of the above economic issues will be explored and the aims and effects of Government policies related to these issues will be investigated.  

This course focuses on how two sectors of the economy, households and firms, interact through the market. This interaction results in economic decisions about what will be produced and the process of production. The market is a central part of New Zealand’s mixed economy.

By studying the mechanisms that allocate scarce resources and determine prices students should understand the forces that affect their own economic participation. This level addresses the concept of the market. Students will examine the collective behaviour of the groups involved and gain greater understanding of the economic system of which they are a part.