In Year 11 Economics we learn how "NZ producers, consumers and the government use their scarce resources in order to maximise their well-being." Many of you have been producers already as entrepreneurs in our Year 10 course and all of us are consumers every time we buy something. We all have scarce resources.
We are living in a world of rapid economic change and none of us can avoid being affected by this. Our course this year looks at some of the big economic issues facing New Zealand. These include unemployment, inflation, growth, and trade with other countries.
This course builds on your existing Economics learning and further develops your understanding of the ideas, models and statistical techniques used by Economists. There is a strong emphasis on issues that are currently affecting the New Zealand economy both domestically and globally.