Level 2 Economics (L2ECO)


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

What will I learn?

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.

What should I have done already?

Whilst it is advantageous to have studied Level 1 Economics and Business, 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. Students must have strong literacy and numeracy skills.

Assessment outline

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


Assessment regulations

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

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 section on NZQA Information.  

Where does this course lead?

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.

Indicative costs

For all indicative course costs please see the course costs page.