This module introduces micro-economic concepts used by households and businesses when making decisions. Students will be able to describe the new concepts and use models to explain each concept. They will be able to justify the implications on consumers, producers and/or the government.

When:

Term One

Subject Area(s)

Economics - Introduces concepts expanded on in L3 Eco Module 2 - The Efficiency of Markets.

NCEA L3

Students will investigate micro-economic concepts related to Demand and Supply. These include Marginal Utility, Diminishing returns and Elasticity. This course prepares students for first year tertiary study in commerce, business, agribusiness and many other degrees. It also prepares students to take an active role in politics, business and many other real world situations.

Requirements

Students will have an advantage if they have studied Level 1 NCEA Economics. They will also need to be ready and willing to complete both individual and collaborative learning activities in the online learning environment. "Understanding Microeconomics Level 3 Workbook" - Dan Rennie (Approximate cost $28). Note: This book is also used in the term 2 module "The Efficiency of Markets".

Assessment

91401 Demonstrate understanding of micro-economic concepts (Internal) (5 credits).

About the Teacher

Angela Mitchell has been teaching for 15 years. She currently teaches at Ashburton College where she is Head of the Faculty of Social Sciences. Mrs Mitchell has taught Level 3 Economics online for NetNZ for the last 5 years and finds teaching in the online environment extremely rewarding. She has a passion for netball having spent many years playing elite netball and coaching secondary school teams. Mrs Mitchell also enjoys travelling and spending time with her two children.

Enrol now:

http://www.netnz.org/enrolment/