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Understanding Economics Ncea Level 1 4th EditionStock informationGeneral Fields
Special Fields
DescriptionThis updated edition of Understanding Economics for NCEA Level One has new content and tasks specifically for the external standards. Content has been designed for the key skills and competencies are set out in the curriculum. Table of contentsIntroduction/Notes to students Learning activities/Exam hints 1.1 Demonstrate understanding of consumer choices, using scarcity and/or demand 1 Central concepts of Economics 2 The choices we make 3 Demand 4 Changes in demand 5 Changing household consumption patterns 6 Glossary 1.2 Demonstrate understanding of producer choices using ‘supply’ 6 Supply 7 Changes in supply 8 Glossary 1.3 Demonstrate understanding of how consumer, producer and/or government choices affect society using ‘market equilibrium’ 9 Markets, market demand and market supply 10 How the market operates 11 Changes in demand and supply 12 Government setting the price in the market 13 Subsidy and the market 14 Sales tax and the market 15 Glossary |