Author(s): Robin Sutton

Economics

The Economics New Zealand Curriculum considers that by the end of an introductory study, students should have grasped the idea of the market as a central component of New Zealand's economy, and gained an understanding of the forces of supply and demand that affect market equilibrium. They should also have a command of several other key economic models as tools to explain and predict behaviour within the New Zealand economy. Those students will then be ready for the really interesting stuff! The great issues - employment, trade, growth and inflation -that arise from the actions of market forces can now be defined and measured, their causes explored, the effects of government policies on them investigated, and their consequences for different groups in our society examined. This Workbook has been written to help students get the most from Economics at Level 2 of NCEA. Each of the sections contains activities that address a key issue from the various perspectives of the revised Achievement Standards It also encourages them to have a little fun with supply and demand, reviewing the key concepts and economic tools they need, by considering the market in some of its more quirky moods.