This resource has been written to help Year 13 students achieve the goals set for them by the Economics Syllabus for Schools: an understanding of
- resource allocation via the market system
- allocation via the public sector
- a macro-economic approach to the economy, and the impact of government actions.
Its chapters contain brief content notes, and questions and activities to give practice and help consolidate understanding. The activities encourage the development of analytical techniques and offer opportunities for students to interpret economic data and arguments in a clear, coherent manner, and communicate their economic ideas and understandings to others.
The content notes and activities also support students aiming for the four externally-assessed NCEA Level 3 Economics Achievement Standardsfrom using marginal analysis to derive demand and supply curves, to illustrating economic activity in terms of the circular fl ow model and the aggregate demand/aggregate supply model.