What is ECONOMICS about?
Economics examines how people make choices about the use of limited resources to satisfy unlimited wants. Economics helps explain and predict how goods and services will be produced and consumed.
Economics is the study of how people make decisions and of the forces that affect their behaviour and the shape of their institutions, such as the value of leisure time, consumer preferences, and the extent of government intervention.
Economics considers the factors that influence the well-being of people and aims to find solutions to improve people's standard of living.
- issues of sustainability (efficient use of scarce resources)
- enterprise (identifying profit-maximising levels of output)
- citizenship (economic decisions affecting New Zealand society)
- globalisation (the benefits of international trade)
Why study ECONOMICS?
ECONOMICS @ Hebron
Economics Year 13 / NCEA Level 3
- Help solve issues people face in their everyday lives
- Recognise the different perspectives and values individuals and groups bring to economic decision making
- Be prepared to participate effectively in the real world
Where to with ECONOMICS?
Click on the image below to view an interactive chart and get ideas about jobs that can follow on from studying history and classical studies, geography, and economics: