skip to main content
Browse Subjects
Understanding Economics NCEA Level 3: Externals - 9780170234191

Understanding Economics NCEA Level 3: Externals

Dan Rennie

ISBN-13: 9780170234191
Published: 15/10/2012
This item is currently unavailable.
Please contact customer service

Overview

Understanding Economics NCEA Level 3: Externals is a self contained textbook/workbook designed to satisfy the requirements of the recent curriculum changes and allows students to develop the Key Competencies with a range of learning activities.

Concise notes and a comprehensive set of practice activities work to introduce and develop the Economic definitions, concepts and skills students require for the three External Achievement Standards. Review questions in each chapter allow students an opportunity to test their understanding and prepare for external exams by writing longer essay type answers.

Notes and activities in this book have been trialled with NCEA Level 3 classes in Economics over several years with excellent results.

CONTENTS

Introduction
Notes to the student
Learning activities

Achievement Standard 3.1 Demonstrate understanding of the efficiency of market equilibrium (4 credits, external)
1 The economic problem and production possibility curves
2 Demand and consumer surplus
3 Supply and producer surplus
4 Market demand and market supply
5 Market equilibrium and changes in the market
6 Allocative efficiency
7 Sales tax and the market
8 Subsidy and the market
9 Trade and the market
10 Price controls and the market

Achievement Standard 3.2 Demonstrate understanding of the efficiency of different market structures using marginal analysis (4 credits, external)
11 Types of market structure
12 Strategies that firms use
13 Revenue curves
14 Cost and cost curves relationships
15 Determining profit
16 The long run for a monopoly
17 Natural monopoly
18 The long run for a perfect competitor

Achievement Standard 3.5 Demonstrate understanding of influences on the New Zealand economy (6 credits, external)
19 Real and nominal values
20 Circular flow model
21 Economic growth
22 The current account
23 Exchange rates
24 Aggregate demand and aggregate supply
2.5 The AD/AS model
26 Monetary policy
27 Fiscal policy
28 International trade
29 The Business Cycle
30 Influences on economic activity

Packs with this item

Items within this pack

Also Available / Related Products

Understanding Economics NCEA Level 3: Externals Teacher Resource Book

ISBN: 9780170234207
$66.32
Learn More

Understanding Economics NCEA Level 3: Externals Teacher CD ROM

ISBN: 9780170243599
$66.32
Learn More