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ST ANDREW’S COLLEGE – COMMERCE DEPARTMENT
YEAR 12 ECONOMICS - COURSE OUTLINE FOR 2017
File this information in the front of your folder. Refer to it during the year.
Name:
(a) AIMS AND OBJECTIVES
1) To explore the major economic issues of growth, inflation and trade.
2) To introduce and/or extend key economic concepts and ideas.
3) An emphasis is placed on using the New Zealand economy to illustrate and apply the concepts
students are learning.
4) The treatment is to be descriptive in the main but analytical as appropriate. Skills emphasised are the
thinking skills of recall of knowledge, selection of data, processing of information and evaluation for
each economic issue through defining the issue + interpreting and analysing data + identifying the
causes + understanding the effects + understanding the role of government policies and evaluating
their impact on other issues.
5) Use statistical and investigative skills to explore these issues.
6) Recognise the significance of different attitudes and values that are inherent in these issues.
(b) RESOURCES
 Eco 2, Anne Younger – text book.
 12 Economics Learning Workbook, Alister Blyth - workbook (cost disbursed).
 www.elearneconomics.com – individual student subscription to this online learning tool (cost
disbursed).
(b) THE YEAR’S WORK
The Key Issues:
Unit 1: Economic Models
Unit 2: Growth


AS 2.3 Analyse economic growth using economic concepts and models (external)
AS 2.6 Analyse how government policies and contemporary economic issues interact (internal)
Unit 3: Inflation



AS 2.1 Analyse inflation using economic concepts and models (external)
AS 2.5 Analyse statistical data relating to two contemporary economic issues (internal)
AS 2.6 Analyse how government policies and contemporary economic issues interact (internal)
Unit 4: Trade


AS 2.2 Analyse international trade using economic concepts and models (external)
AS 2.5 Analyse statistical data relating to two contemporary economic issues (internal)
(c) TIME ALLOCATION
See the 12 Eco Year Planner 2017
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(d) ASSESSMENT
1. The written school exam
In Week 8 and 9 of Term 3 you will have a common three-hour exam. It will include the three external
achievement standards (AS 2.1, 2.2, 2.3). This is a formative (practice) exam and the grades you obtain
do not contribute towards your final grades but they would be used to support a derived grade
application for AS 2.1, 2.2 and 2.3.
2. The written external exam
At the end of the year you will sit an external national three-hour exam covering the years work.
This counts as 12 credits towards your National Certificate of Educational Achievement.
It will include the following achievement standards:
Achievement Criteria for 2.1 (AS 91222) – 4 credits (external)
Analyse inflation using economic concepts and models
Achievement
Achievement with Merit
Achievement with
Excellence

Analyse inflation using
economic concepts and
models

Analyse inflation in depth
using economic concepts
and models

Analyse inflation
comprehensively using
economic concepts and
models
Achievement Criteria for 2.2 (AS 91223) - 4 credits (external)
Analyse international trade using economic concepts and models
Achievement
Achievement with Merit
Achievement with
Excellence

Analyse international
trade using economic
concepts and models

Analyse international
trade in depth using
economic concepts and
models

Analyse international
trade comprehensively
using economic concepts
and models
Achievement Criteria for 2.3 (AS 91224) - 4 credits (external)
Analyse economic growth using economic concepts and models
Achievement
Achievement with Merit
Achievement with
Excellence

Analyse economic growth
using economic concepts
and models

Analyse economic growth
in depth using economic
concepts and models

Analyse economic growth
comprehensively using
economic concepts and
models
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3. The internally assessed component
There are two internal Achievement Standards totalling 10 credits.
They will comprise two common assessment tasks as follows. (There is no reassessment opportunity
available for these standards.)
NB: Course Endorsement
With 2 internal and 3 external achievement standards there is opportunity for students to gain
merit or excellence course endorsement in Year 12 Economics
Achievement Criteria for 2.6 (AS 91227) – 6 credits (internal)
Analyse how government policies and contemporary economic issues interact
Achievement
Achievement with Merit
Achievement with
Excellence
 Analyse how government
policies and contemporary
economic issues interact.

 Analyse in depth how
government policies and
contemporary economic
issues interact.
 Analyse comprehensively
how government policies
and contemporary
economic issues interact.
Analyse how government policies and contemporary economic issues interact:
Issued: Week 8, Term 1
Completed: Week 7, Term 2
This achievement standard involves using economic concepts and models to analyse how specific
government policies impact on an economic issue and their flow on effect on another economic issue.
The economic issue investigated will be Economic Growth, and the flow on effects on two other
issues. You will:
 be provided with some relevant statistical data and information to set the context for the assessment
but should source more of your own secondary data.
 Integrate changes to economic models to help explain the impact of government policies, and justify
a combination of government policies to achieve specific objectives
 be given 4 periods of class time to complete this assessment.
Achievement Criteria for 2.5 (AS 91226) – 4 credits (internal)
Analyse statistical data relating to two contemporary economic issues
Achievement
Achievement with Merit
Achievement with
Excellence

Analyse statistical data
relating to two contemporary
economic issues.

Analyse statistical data relating to two contemporary economic issues.
Issued and completed:

Analyse statistical data in
depth relating to two
contemporary economic
issues.

Analyse statistical data
comprehensively relating to
two contemporary economic
issues.
TERM 3, WEEKS 5 & 6
This achievement standard involves the processing and presentation of statistical data in order to analyse
this data by explaining relationships and inter-relationships with-in the data and making a justified
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forecast based on extrapolations of the data in relation to the economic issues of Trade & Inflation.
You will:
 be provided with the relevant statistical data
 initially have some class time to discuss and practise how to process, present and analyse the data.
 be given 2 periods of class time to process the data (Part A).
 have 3 periods of class time to develop explanations, make extrapolations and make a justified
forecast. (Part B)
Moderation
To ensure fairness and consistency moderation will include
 the verification of assessment by a Commerce staff member other than the teacher setting the
assessment
 shared teacher marking when possible
 four scripts which are marginal as to boundaries will be check-marked by a Commerce staff member
other than the teacher setting the assessment
 compliance with NZQA as regards external moderation of internal assessment
 all assessment for external qualifications will be common.
Appeals
 Appeals of grades awarded may be made but must occur within 3 school days of the return of the
assessed work.
 The appeal is made in the first case to the teacher concerned.
 If not resolved the HOD (Commerce) will investigate the appeal.
 A final appeal can be made to the Head of Education
Verifying grades
 Students will be required to verify the sighting and acceptance of the grade awarded by signing their
question/answer resource for each piece of internally assessed work.
 Students will also be required to verify the final grades awarded that are submitted to NZQA.
Retention of work
 The Commerce Department will retain student internal assessment material, questions/answer
resource for a period of two years.
4. In-class formative tests and homework


These will be used by your teacher during each term to assess your progress, understanding and to
report to parents/caregivers.
There will be formative assessments in each term. They will be designed to give you practice for the
external achievement standards.
5. Entry criteria for Year 13 Economics
14 credits from Year 12 Economics or at HOD’s discretion.
(e)
FIRST IN SUBJECT AWARD
Will be determined by allocating a value to each grade and from this a weighted grade (per credit worth
of each standard) will be ascertained. This will include all internally assessed (summative) standards and
the end of year exam (formatively assessed standards).
(f) COMPASSIONATE CONSIDERATION – see school policies
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(g) TECHNOLOGY POLICY – see school policies
(h) MISCONDUCT/COLLABORATION/COPYING/AUTHENTICITY– see school policies
(i) PARENTS/CAREGIVERS INFORMED IN WRITING IF:
 At the end of each term if you are not meeting course requirements a letter sent advising
parents/caregivers of this.
 There is evidence of cheating in tests or formal assessments, collaboration in an assessment, copying
another student’s work.
(j) SENIOR COLLEGE TERMS REQUIREMENTS
To gain Terms in this subject the following requirement has to be met - all summative Achievement
Standards and Unit Standards that are on offer have been attempted (attempted implies to a reasonable
standard). HOD discretion prevails.
(j) UE Literacy
From 2014, new requirements apply for University Entrance. Students must meet a new literacy
requirement to enter into university-level programmes from 2015 onwards.
The literacy requirement for University Entrance that will apply to you as a Year 13 student is:
10 credits at NCEA Level 2 or above made up of:


5 credits in reading
5 credits in writing
Contributing Achievement Standards:
The NCEA Level Two and Level Three achievement standards that can contribute to the new University
Entrance literacy requirement include standards across a range of subjects. In Year 12 Economics this
year, the following Level Two standards contribute towards this qualification:
Note: Where standards count for either Reading or Writing, an individual student
credits
reading
writing
may not count credits for both Reading and Writing.
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
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91224 (AS 2.3 External) Analyse economic growth using economic concepts
and models
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91227 (AS 2.6 Internal) Analyse how government policies and contemporary
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91222 (AS 2.1 External) Analyse inflation using economic concepts and
models
91223 (AS 2.2 external) Analyse international trade using economic concepts
and models

economic issues interact
NB: 91226 (AS 2.5 Internal) does not provide credits towards the UE literacy requirements.
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