ECONOMICS

ECONOMICS
 

Economics aims to explain how economies work and how economic agents interact. Economics has two important aspects. First, economists develop models of human behavior to predict how changes to policies and in the market will affect human responses. Second, they use statistical analysis to understand these changes. Economic analysis is applied throughout business, finance and government. 

Economics consists of microeconomics and macroeconomics. Microeconomics analyses basic elements in the economy. For example, how households and firms interact with the market and the resulting outcomes. Macroeconomics analyses the entire economy (meaning accumulated production, consumption, savings, and investment) and the issues affecting it. This could include unemployment, inflation, and economic growth, and the public policies that are related to these issues.

Economists play important roles in our society. They advise the president and congress on economic issues, formulate policies at the Federal Reserve Bank, and analyse economic conditions for private sector businesses such as real estate companies, brokerage houses and investment banks. Economists are also involved in the development of a range of public policies including efforts to reduce inequality, crime, and pollution, as well as healthcare, welfare, and school reform.

The study of Economics is also very useful for everyday decision-making. Economics can be used to determine the likely outcome of a financial investment, the benefits and costs of various careers, and the potential impacts of public policies, such as universal healthcare or a "living wage".

NCEA Economics
 

Level 1
This is a practical course concentrating on consumers, producers and the market. It helps students to recognise and understand the various relationships between consumers and producers, and how these groups interact in the market place. It identifes the characteristics of households, businesses and government, and how scarce resources are allocated via the price mechanism. The emphasis is on developing thinking, statistical (particularly graphical and mathematical) and decision-making (economic models) skills.

Level 2
This course investigates the issues of employment, inflation, growth and trade confronting our economy. The course begins with a basic conceptual introduction to Economics, and identiffcation of the underlying principles of the subject. The aim is to provide students with a better understanding of government policy and consumer and producer decision-making in the context of the five major economic issues

Level 3
The aim is to provide students with a clear understanding of the behaviour of individual producers, and the government, in the modern economy. The course comprises two sections: resource allocation via markets, and aggregate demand and supply analysis. The emphasis is on developing research, analytical and statistical skills. The course is a direct precursor to tertiary study of Economics
 

Economics with AHeadStart

"Nick has done extremely well. He failed his last Eco exams. This time he got excellence for one paper and merit for the other two!!! What an amazing improvement. Please pass this on to Sarah."

Nick’s mother Kim
Year 11, Level 1 Economics

All of the following book resources can be purchased at leading bookshops or the following websites:

ESA Publications Store: https://esa.co.nz/

Cengage: https://cengage.co.nz/

Pearson: http://www.pearsoned.co.nz

Level 2
ESA Level 1 Economics Study Guide
ESA Level 1 Economics Learning Workbook
ESA Level 1 Economics AME Workbook

Nelson Cengage Understanding Economics NCEA Level 1
Nelson Cengage ECO 1 Year 11 NCEA Level 1
Nelson Cengage ECO 1 Plus Workbook

Pearson Economics of Choice: NCEA Level 1
Pearson Year 11 Economics Workbook: NCEA Level 1

Level 2
ESA Level 2 Economics Study Guide
ESA Level 2 Economics Learning Workbook
ESA Level 2 Economics AME Workbook

Nelson Cengage Achievement Economics @ Year 12 NCEA 2
​Nelson Cengage ECO 2 Year 12 NCEA Level 2
​Nelson Cengage ECO 2 Plus Workbook

Level 3
ESA Level 3 Economics Study Guide
ESA Level 3 Economics Learning Workbook
​ESA Level 2 Economics AME Workbook
ESA Scholarship Economics AME Workbook

Nelson Cengage Understanding Economics NCEA Level 
Nelson Cengage NCEA Business Studies: A Workbook at Level 3

Pearson Senior Economics NCEA Level 3
Pearson Senior Economics Workbook - NCEA Level 3