NCEA Level 3 Economics
So you’re studying level 3 eco? You’ve hit the jackpot
3.1 Market efficiency
External, 4 credits
This is an exam which looks at seven different economic situations, and you discuss how they affect consumers, producers, the government, and allocative efficiency.
3.2 Marginal Analysis
External, 4 credits
This is an exam which looks different types of market structures – perfect and imperfect competitors.
3.3 Microeconomic Concepts
Internal, 5 credits
This is an internal which looks at different elements of running a business, including marginal utility, elasticity, and supply.
3.4 Government Interventions
Internal, 5 credits
This is an internal which looks at externalities and market failures. You have to explain why a product has an externality, then suggest solutions the government can do to fix the market failure.
3.5 Macroeconomics
External, 4 credits
This is an exam which looks at essential macroeconomic concepts including fiscal policy, monetary policy, and the foreign exchange market.