L2ECO Economics


Level 2 Economics


A course designed to explore the current economic issues of trade, growth, inflation and other issues in a New Zealand context.


You will learn to understand the workings of the NZ economy through a study of the important economic issues of the day.

The issues studied are trade, economic growth, inflation, contemporary issues, and how the government is involved in the economy.

We use as much topical, up-to-date information as we can from newspapers, television and the internet. Healthy debate is a common feature of the class.


Whilst it is advantageous to have studied Level 1 Economics, there are no prerequisites for this course. There is graphical analysis in all of the topics and so a basic understanding of mathematics is also an advantage.



It is suggested that only two of the three external standards are attempted thus making an average L2 Economics course around 18-22 credits.


The internal achievement standards will be assessed after the appropriate topics have been taught. There will be no reassessment opportunity for these standards. Instead, you will be given the opportunity to improve on your efforts if you get small things wrong that you can fix with no further teaching or learning occurring (resubmission). Because there is no reassessment, if you do not submit the assessment on the due date you have failed the standard.

The externally assessed achievement standards will be formatively assessed using tests and exams during the year. The results from these assessments will count towards class placings and any derived grade applications if you are unable to sit final examinations.

It is vital that you read and understand the rules relating to NCEA in the NZQA Information section. The following rules are emphasized here:

Late Work

Work submitted late for the internally assessed standards will score a “Not Achieved”. If you have a genuine reason why you are unable to submit work by the due date, then you are able to apply for an extension. This should occur prior to the due date, not after. Approach your subject teacher and make your case. Read the NCEA Student Handbook for more detail.

Authenticity and Appeals

The work you do must be your own. Copied work or work attributed to you that is actually someone else’s (e.g. downloaded from the Internet) will not be marked. The school has policies that clearly state what happens in these cases.

You have the right to appeal your teacher’s assessment decision. This must be done within 7 days. These issues are dealt with by the college’s assessment procedures. Read your NCEA Student Handbook for details.

Computer Failure:

Many of your assignments will be computer-based. Ensure you have a back-up system in place. Using an external hard drive, a USB or email the work to yourself to guard against computer failure. Computer and printer failures are not valid excuses for handing work in late


Level 3 Economics. This subject is a valuable foundation for any career in commerce, trade, or politics. It provides basic knowledge to ensure you will be an informed member of New Zealand society.


For All indicative course costs please see the Course Costs Page.