Economics

RESOURCE

CATALOGUE



Economics



Term 1 2010

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ECONOMICS BOOKLETS





Teachers‟ Guide for the Economics Syllabus Level 4

Code EB1

Price $90

Published June 2007

This booklet addresses the requirements for Level 4 or NCEA Level 3 (both Achievement Standards and

Unit Standards) and can be easily adapted for individual school‟s Year 13 Economics Level 4 Scheme of

Work. The booklet is in three sections. Section A gives an overview of Economics including ideas on

programme design; teaching strategies; resources and assessment; while Section B has four unit plans, one

for each of the Level 3 Achievement Standards and included is colour coding to address unit standard

requirements. Section C contains the appendix including a comprehensive glossary. The unit plans cover

specific achievement standards objectives; content development; learning activities; assessment; revision;

suggested time allocation, and some appropriate resources.

Remember that Syllabus Level 4 equates to NCEA Level 3 or Year 13.



Teachers‟ Guide for the Economics Syllabus Level 3

Code EB2

Price $90

Revised February 2007

This booklet addresses the requirements for Level 3, which focuses on a study of the New Zealand

economy, how it has developed, the issues it faces, and its place in the global economy. The booklet is in

three sections, Section A gives an overview of Economics including ideas on programme design; teaching

strategies; resources and assessment; while Section B contains units presented in two ways. One: topics –

Inflation, Trade, Growth. Each topic also incorporates statistics and policies (each of which is colour coded

so teachers who want to teach by standard can easily cut and paste this information out. Teachers would

thus only need to teach these 3 topics to prepare students for the 4 AS externals AND the AS internal.) Each

topic also incorporates the content necessary to complete its associated unit standard (ie for Inflation US

5861, for Trade US 5860, for Growth US 5862). Two: Achievement Standards – 2.1 Inflation – AS 90794

(EXT), 2.2 Trade – AS 90795 (Ext), 2.3 Growth – AS 90796 (Ext), 2.4 Process, present and analyse stats –

AS 90797 (Ext). Section C contains a glossary and list of useful websites.

Remember that Syllabus Level 3 equates to NCEA Level 2 or Year 12.



Teachers‟ Guide for the Economics Syllabus Level 2

Code EB3

Price $90

Revised September 2005

This booklet addresses the requirements for Level 2 which is an introductory study of the market in New

Zealand‟s mixed economy. The booklet is in three sections, Section A gives an overview of Economics

including ideas on programme design; teaching strategies; resources and assessment; while section B has a

chapter for the Achievement Standards AS 90195 – 90201 each containing a unit plan, assessment and

assessment schedule. Section C contains a glossary and list of useful websites.

Remember that Syllabus Level 2 equates to NCEA Level 1 or Year 11.



Teachers‟ Guide for the Economics Syllabus Level 1

Code EB4

Price $90

Published August 2003

This is an essential resource for all teachers of Year 9/10 economics. The focus is on the development of

economic literacy in order that students gain an understanding of the key economic concepts, which will

impact on their everyday life as well as forming the basis for a further study of economics. The resource

includes sections on teaching and learning; skills, attitudes and values; resources; assessment and

evaluation; as well as comprehensive units of work, with activities and assessment covering the syllabus

requirements.

Remember that Syllabus Level 1 equates to Years 9/10.









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Developing Language Skills in Economics

Code EB5

Price $50

Revised March 2006

This comprehensive booklet is to support the teaching of Economics and is particularly useful for

ESOL/NESB students, and is a valuable resource for a wide range of students in their development of

language skills. It is designed to help teachers integrate English language with concepts and skills used in an

Economics context. The general aim is to compliment and reinforce students‟ knowledge, skills, and

communicative competence, as well as providing activities designed to develop students‟ competence in

handling text and enhance their own writing skills.



Years 9/10 Venture into Enterprise

Code EB6

Price $75

An interesting and extremely useful booklet to be used with a Year 9 or Year 10 Financial Literacy,

Economics, Business Studies or Enterprise class. This comprehensive ready-to-go booklet can be printed

and given to each student in your class or used as individual class activities. It includes at least one term‟s

work and incorporates classroom and research activities as well as homework activities. This resource could

be used as part of the effective integration of all key competencies into your students‟ course NZC Links.

Content: (a) information and activities on enterprise, entrepreneurs, innovation, patents, trademarks,

intellectual property, profiles and case studies of entrepreneurs and entrepreneurial businesses, marketing

and branding and (b) information required for students to set up and run their own enterprise/business, such

as income and expenditure sheet, market research, descriptors, business card, income statement, balance

sheet and evaluation. A resource to save teachers hours of work and provide them with a refreshing and

exciting course for their students. The booklet has already been successfully trialled and improved over the

last two years.









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ECONOMICS RESOURCE MATERIALS





YEAR 9



Consumer Rights and Responsibilities

Code ECO 08/2/2

Price $40

Contents: Teacher Notes; Consumer rights activity presented as pages from a department unit plan/scheme;

Being ripped off scenario template card; Example of an Exit card; Web addresses for information about

- Consumers Guarantees Act

- Fair Trading Act

The activity has been developed for the Economic World strand of the Social Sciences learning area of The

New Zealand Curriculum. NZC Links It is relevant to the Level 4 achievement objective Understand how

producers and consumers exercise their rights and meet their responsibilities. This activity would be a

part of a unit of work and some prior teaching would probably be necessary. The activity has been presented

on a template that could be part of a department unit plan/scheme of work. Values and key competencies

grids have also been included. It would be beneficial to fill these in with a written description of what, where

and how values and key competences are being delivered rather than just a tick to say they are being

covered. If students are to improve and progress in the key competencies and values then there must be

some focus in the activity on how to improve these. For example, to improve students‟ ability to work in

groups there could be a class discussion on what being a good group member means.









YEARS 9 & 10



Years 9/10 Budgeting Using Spreadsheets

Code ECO 05/3/7

Price $10

Contents: Teacher Notes; Activities

This resource has four straightforward budgeting activities, using spreadsheets. An extension activity is also

included.



Years 9/10 Economics Bingo

Code ECO 05/3/8

Price $18

Contents: Teacher Notes; Instructions; Question Sheets; Bingo Cards

Economics Bingo is a useful game to help students learn economic terms, and to illustrate money supply,

demand and inflation. Teacher instructions on how to play the game are included, and it is suggested that

token money be used to give the game added interest. Two different sets of bingo questions and cards are

included in the pack.



Years 9/10 A Study of Economics

Code ECO 05/3/24

Price $15

Contents: Teacher Notes; Introduction; What is Economics?; Activities; Definition of Economics

A resource suitable for an introduction to Economics or as a revision activity for Years 9 or 10. This resource

would also be suitable for individual student work or a relief teacher lesson. It addresses the question “What

is Economics?” by looking at wants, resources, earning and spending income, individual wants, unlimited

wants and scarce resources, ending with the students writing their own definition of Economics. A number of

activities are included.









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Years 9/10 Traditional Economic Systems

Code ECO 05/3/25

Price $15

Contents: Teacher Notes; Five Film Observation Activities; Comparisons between a Traditional and Modern

Economy

A Year 9 or 10 resource based on the film “The Gods Must Be Crazy”, set in Botswana. The bushmen are

found in the Kalahari Desert of south-west Africa. They are one of the few traditional subsistence economies

left in the world today. Short answer questions cover basic needs, natural resources, capital resources,

technology, and a comparison between a traditional and modern economy.



YeaRs 9/10 Managing Money

Code ECO 05/3/29

Price $25

Contents: Teacher Notes; Four Topics with Activities; Assessment

A year 9 or 10 resource that will enable students to: identify and evaluate a range of services provided by

financial institutions; investigate the use of credit and the role credit plays in people‟s lives; identify attributes

of wise buying; and study people‟s needs and wants, addressing earning money, race, gender and culture

issues. An assessment activity is included.



Levels 4 - 5 of the New Zealand Curriculum (Years 9 -10) Budgeting Skills

Code ECO 09/2/1

Price $40

This resource is a general budgeting exercise where the students are given a basic overview of income for a

household and expenses. Various scenarios are given where the budget will need to be altered, with related

questions. A specific budgeting exercise of planning a weeks worth of dinners within a set budget, which

involves the students having to investigate the cost of goods and evaluating the most cost effective methods

of falling within budget. ie: bulk buying, coupon shopping etc. It is suggested that the students take part in

some field research at the supermarket as well as some investigation into whether shopping at alternative

places such as fruit and vege markets are more cost effective. NZC Links









YEAR 10



Year 10 Great Economic Mysteries

Code ECO 05/3/15

Price $15

Contents: Teacher Notes; True/False Questions; Guide to Economic Thinking; 7 True/False Questions with

Clues; Instructions for Designing Student Economic Mystery Game

A resource to develop students‟ economic thinking. It requires them to think laterally and apply knowledge. A

student guide to economic thinking is given, which is used to analyse a series of questions. Students then

use the model to design their own economic mystery.



Year 10 Genie Economics

Code ECO 05/3/14

Price $15

Contents: Teacher Notes; Instructions; 4 Activity Templates

A junior activity where students are granted one wish - that is, to choose 40 items they would like. The wish

list is firstly divided into goods and services, then into primary, secondary and tertiary products. Students

prepare a list of items consumed or purchased the previous day, dividing them into needs and wants, making

comparisons with explanations of why the wish list and the consumed/bought list are different.



Year 10 Taking the Sweat out of the Swoosh – the Nike Story

Code ECO 05/3/26

Price $24

Contents: Teacher Notes; the History of Nike; Questions; Letter Writing Activity

An interesting activity for students with high literacy levels, addressing the history of Nike, including issues

such as sweatshops, sponsorship and product endorsement. A number of question are included, which can

easily be adjusted to suit the school‟s programme and students‟ ability. Suitable for Year 10.



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Year 10 Small Business Model

Code ECO 05/3/33

Price $35

Contents: Teacher Notes; 22 Topic Lessons; Worksheets and Assignments; Assessment; Evaluation

This is a comprehensive resource suitable for Year 10 Economics, covering the aspects of running a small

business. It allows for approximately 22 hours of student involvement. Students will develop an

understanding of organisations and the role of a business in the private sector, including the establishing,

operating and working of a small business. Business accounting procedures are also introduced.



Economic Decision Making as an Inquiry Process

Code ECO 08/2/1

Price $40

Contents: Teacher Notes; Economic decision making activity presented as pages from a department

scheme; A cost benefit graphic organiser; An economic decision-making grid; A PMI chart for students to

comment on the EDM process

(ie. an exit card for this activity); Sharing information strategies; Global Café; Placemat; Graffiti Walls; A Y

Chart for identifying the impact of decisions on others. NZC Links

This activity has been developed to demonstrate how a unit of work could be prepared to meet the

requirements of the recently released The New Zealand Curriculum (NZC). A differentiating feature of the

new curriculum is its emphasis on values and key competencies. If students are to improve and progress in

the key competencies and values then units of work must include specific activities designed to improve

students‟ skills with these. In addition, as recommended in the NZC method of learning is through the inquiry

model. The activity thus includes opportunities for students to improve their key competencies while

acquiring knowledge in the Social Sciences learning area.

- the specific achievement objective is Understanding how economic decisions impact on people,

communities and nations (which is part of the Economic World strand at Level 5).

The key competencies being focused on are:

- Thinking

- Relating to others

The activity has been presented on a template that could be a part of a department scheme of work. Values

and key competencies grids have also been included. It would be beneficial to fill these in with a written

description that show what, where and how values and key competences are being delivered rather than just

a tick to say they are being covered.









YEAR 11/NCEA LEVEL 1



Year 11 „I Have, Who Has?‟

Code ECO 05/3/11

Price $12

Contents: Teacher Notes; Instructions; Game

This revision activity covers several achievement standards. It is a game in the form of revision cards

covering economic terms and definitions. Instructions are included.



Year 11 Economics Dominoes

Code ECO 05/3/36

Price $20

Contents: Teacher Notes; Instructions; 6 Master Sheets of Domino Pieces

The aim of this resource is to link dominoes together in a chain, linking terms and definitions. It is a very

useful and fun way to revise terms and definitions, and covers the content of the Year 11.



Year 11 The Market Card Game

Code ECO 05/3/38

Price $15

Contents: Teacher Notes; How to Use; Graphs Relating to The Market; Headings for Each Graph (Terms);

Explanations and/or Examples of Each Graph; Suggested Solutions

A great introduction and revision activity for The Market for Year 11, which could also be used for Years 12

and 13 revision. It is a group activity that covers the basics, with terms, graphs and definitions. There are



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three sets of cards: one with graphs relating to The Market; one with headings for each graph (terms); and

one with explanations and/or examples for each graph. Suggested solutions are included.



Year 11 Producers, Resources and Production

Code ECO 08/2/9

Price $40

This 14 page Level 1 Economics resource can be used as a formative assessment for AS 90196(Producers,

resources and production) and US 5855 (Explain the production process in Economics). It is based on the

Independent Financial Review Case Study (Note this resource was sent free of charge in schools in 2997, to

the attention Business Education Teacher – contact CETA if you require further information) on Fonterra and

the Fonterra website but it can be completed independently. Ideally undertaken as an end of topic revision to

prepare students for their summative assessment, applying content taught to the Dairy Industry, this activity

will take a week of class time to complete. Answers are provided for easy checking once the activity has

been completed.



Level 1 Economics Multiple Choice Tests

Code ECO 09/1/1

Price $60

Contents: Teacher Notes; Level 1 Economics Multi Choice PowerPoint

This resource contains computer based multiple choice tests (using PowerPoint) which allow students to

work through questions at their own pace. They receive instant feedback as to whether they are correct or

not, and if incorrect, they are given advice on things to consider. Each test has approximately 35 questions

incorporating terminology, definitions and application of ideas. They are ideal for end of topic revision or to

put on the school intranet site for students to access in their own time. They could also be used in class

through a data projector for individual or team quizzes.

The Multi Choice Tests come in 5 sets

1 Consumers and Demand

2 Producers and Supply

3 The Market

4 Production and Resources

5 Circular Flow



Getting Competent with Economic Models

Code ECO 09/2/2

Price $60

Note it is expected that this unit would prepare Yr 11 students for the proposed 3 credit internal developed to

assess the L6 New Zealand Curriculum A02 “Understand how the different sectors of the New

Zealand economy are interdependent.” NZC Links

This comprehensive resource has 3 goals:

1 Demonstrate the steps to follow when adding a key competency (ies) to an existing unit of work

Note this resource adds the KC – Using symbols, language and text (ie economic modelling) and the

includes a review of the current 1.5 unit in the Level 2 NZCETA Guide for Teachers (to see what changes

needed to be made to bring it into line with the front end of the new curriculum) as well an inspiration

document that provides evidence of the brainstorming that underpinned the newly developed unit.

2 Produce the unit of work that results from goal 1 and the resulting unit includes:

 the scheme template which describes how the key competency has been incorporated and

developed by identifying the learning outcomes at each stage of the unit

1

Note Rose Hipkins notes that “key competencies can be taught as well as caught” so this unit

includes specific teaching strategies that develop the competence of students with economic

models and doesn‟t rely on students developing the key competency simply by being exposed to

a unit of work that incorporates economic models

 the specific resources required to allow students to develop the key competencies including

research activities, excel modelling exercises, worksheets, video and YouTube references

 activities that the learning needs of all students can be catered for; for example by including

modelling exercises that are relatively simplistic for low ability students but can be extended to

catered for gifted students as well

Note a variety of assessment possibilities are also suggested as a means of engaging the

greatest number of students









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That teachers are able to see that a unit of work developed around the principles encompassed in the front

end of the new New Zealand Curriculum can be developed that prepares students for NCEA assessments

without making these the focus of the unit

1

= from powerpoint presented by Rose Hipkins at the PPTA Workshop April 6 2009









YEAR 12/NCEA LEVEL 2



Year 12 Developing an Economy

Code ECO 05/3/9

Price $30

Contents: Teacher Notes; Case Study; Question

A comprehensive activity on a developing economy, which focuses on a case study of an imaginary nation.

The first part includes a range of questions relating to sections of the economy, for example: natural factors,

resource ownership, culture, wealth distribution, education, corruption, colonial history, health, trade

relations, and foreign debt. The second part includes comments and questions on equity and equality.



Year 12 Inflation

Code ECO 05/3/13

Price $20

Contents: Teacher Notes; Definition; Reflection Questions, with Solutions; Summary Questions; 3 Student

Activities

This activity provides an in-depth look at Inflation. Topics covered include: Calculations; Reserve Bank

Target; Causes of Inflation; Why Inflation is Low; Why Does It Rise; and Consequences of Inflation.

Summary questions are included. There are three activities for students to research and present their

conclusions, covering the topics: How is inflation measured and Discussion on the Reserve Bank‟s target for

inflation; What are the main causes of inflation and Why has inflation been relatively low in the 1990s; How

does an economy benefit from a low rate of inflation.



Year 12 The Island Game

Code ECO 05/3/17

Price $20

Contents: Teacher Notes; Instructions; Decision-making Activities; Decision and Results Form Template

A comprehensive game where students become the Government of a small island. The Government has to

set production levels, price levels, total wage bill, and decide whether to undertake investment. The game is

won by the island with the highest standard of living, measured by total consumption of the products made in

the island‟s factories. A decision and results form is included.



Year 12 Monetary Policy

Code ECO 05/3/22

Price $20

Contents: Teacher Notes; 4 Activities

A resource with four activities relating to monetary policy for students to research and present their

conclusions. Subjects include: Why is monetary policy likely to be more successful in slowing an overheating

economy than leading an economy out of recession; Explain how a rise in interest rates would be expected

to affect; Why did the Reserve Bank tighten monetary policy during 2000 and Explain how the Reserve Bank

can influence the level of economic activity. Could easily be copied onto OHPTs.



Year 12 Economic Growth

Code ECO 05/3/32

Price $20

Contents: Teacher Notes; Introduction; 6 Reflection Questions, with Solutions; Summary Questions; 4

Student Activities

This activity provides an in-depth look at economic growth. Topics covered include: Measurement;

Interpreting GDP Data; Benefits; Costs of Growth; Sources and Causes of Growth. Each section has

reflection questions, solutions included. Summary questions. There are four activities for students to

research and present their conclusions, covering the topics: Use an appropriate model to highlight the

sources and causes of economic growth; How is growth measured, and describe the extent to which rises in





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GDP indicate economic development; discuss the causes and sources of economic growth; Discuss the

relationship between economic growth and inflation, and economic growth and unemployment.



Year 12 Economic Growth - Cinderella Discovers Economics Growth

Code ECO 08/4/2

Price $35

Contents: Teacher Notes; Cinderella Discovers Economic Growth story; Questions; Suggested Answers

This activity relates to Economics Growth and could be used as an introductory activity at the beginning of

the topic and/or a revision/summary activity at the end. Suggested questions and answers have been

provided for both scenarios. The resource begins with a „Once upon a time …‟ Cinderella story. There are

Pre-unit and Post-unit questions with suggested answers.









YEAR 12/NCEA LEVEL 2 & YEAR 13/NCEA LEVEL 3



Levels 2/3 NCEA Level 2/3 Fiscal Policy

Code ECO 05/3/6

Price $20

Contents: Teacher Notes; Reflection Questions, with Solutions; Summary Questions; Student Activity

This activity provides an in-depth look at fiscal policy. Topics covered include: Definition and Scope; Budget

Outcome; Level of Government Intervention; Government Spending; and Tax Structure. Each section has

reflection questions, solutions included. Summary questions. There is an activity for students to research and

present their conclusions, on the topic: Economists suggest that taxes should be assessed according to

certain principles or criteria. Describe these principles and use them to evaluate the tax system in New

Zealand. Suitable for use with external Achievement Standards 90238 (2.3) v2 and 90632 (3.4) v1.



Years 12/13 Possibility Curve Activities

Code ECO 05/3/12

Price $20

Contents: Teacher Notes; 8 Activities

A resource that contains 8 different scenarios, seven of which have a series of questions relating to

Production Possibility Curves and one which addresses Consumption Possibility Curve. Students are

required to draw graphs and interpret the information.



Years 12/13 Production Trader Simulation Game

Code ECO 05/3/18

Price $20

Contents: Teacher Notes; How to Use; 5 Group Activity Instructions; 3 Appendix Templates

A simulation game where students and groups represent imaginary countries. Each country receives

resources, enabling them to produce something better than the other countries. Goods must be produced to

trade, in order to provide food, clothing and housing to satisfy their people. Students are expected to

describe why production between countries differs; advantages of specialisation and trade; and use inquiry,

analysis, calculations, planning and cooperative skills.



Years 12/13 Simulations

Code ECO 08/4/1

Price $40

Contents: Teacher Notes; The Share Market Game; The Economic Growth Game; The Current Account

Deficit Game

The three simulations are designed to improve economic understanding and to get students to participate

and contribute as members of a team or as assessors or umpires. The Share Market Game and The

Economic Growth game have been built around processes developed by Edward de Bono. The Current

Account Deficit game has been adapted from a game developed by John Wolinski in the UK. The games

might look at bit daunting at first but once you get into them they are quite straightforward. You are

encouraged to give them a go. Perhaps have a small-scale trial before running the game with a full class.

The framework for each game can be adapted to suit your purpose or as you think of new ideas, or it

can be used with other content that you may wish to develop (once you start you will see all sort of

possible applications).





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YEAR 13/NCEA LEVEL 3



Level 3 NCEA Exchange Rates

Code ECO 05/3/5

Price $20

Contents: Teacher Notes; Definitions, Terminology and Measurements; Reflection Questions, with Solutions;

Summary Questions; 3 Student Activities

This activity provides an in-depth look at exchange rates. Topics covered include: Determining the Rate;

Causes of Changes in the Exchange Rate and Consequences of Changing the Exchange Rate. Each

section has reflection questions, solutions included. Summary questions. There are three activities for

students to research and present their conclusions, covering the topics: To what extent can the Reserve

Bank control the exchange rate value of the New Zealand dollar; Explain how variations in the exchange rate

could affect the external balance and other government economic objectives; Explain how the value of the

New Zealand dollar is determined, and discuss the effects of movements in the rate on selected sectors of

the New Zealand economy. Suitable for use with external Achievement Standard 90632 (3.4) v1.



Year 13 Role of Government

Code ECO 05/3/16

Price $20

Contents: Teacher Notes; Reflection Questions, with Solutions; Summary Questions; 3 Student Activities

This activity provides an in-depth look at Role of Government. Topics covered include: Economic Problem of

Scarcity; The Need for an Economic System or Framework; Macro- and Microeconomic Failures. Summary

questions are included. There are three activities for students to research and present their conclusions,

covering the topics: Why does the Government intervene in the economy; How does the Government

intervene in the economy; Briefly indicate the size of the government sector in the New Zealand economy

and describe the main economic role of the Government.



Level 3 NCEA Equilibrium of the Firm

Code ECO 05/3/19

Price $15

Contents: Teacher Notes; Activities, Suggested Solutions

This very useful resource contains four activities using graphs. Students are required to label axes and

curves, show level of output to maximise profit, show unit prices and costs, subnormal profits and

supernormal profits, and to consider socially desirable equilibrium, whether or not the firm should shut down,

and if profits can be increased. Solutions are included. Suitable for use with external Achievement Standard

90269 (3.1).



Year 13 Economics Quick Quizzes

Code ECO 05/3/20

Price $20

Contents: Teacher Notes; 8 Quick Quizzes; Solutions

A useful set of revision questions. The format allows for easy copying onto OHPTs. Eight quick quizzes with

five questions each. Examples of questions are Define Price Elasticity of Demand; Name the Economic idea

to which the following statement refers; on a fully labelled graph, show a Marginal Utility curve; List the

features of Perfect Competition. Some other subjects covered include: Opportunity Costs; Law of

Diminishing Returns; Duopolies; Production Possibility Frontier; Merit Goods; Natural Monopolies and

Spillover Benefits. Graphs are provided. Solutions included.



Level 3 NCEA 10 Challenges Associated with Elasticity

Code ECO 05/3/21

Price $25

Contents: Teacher Notes; Notes; 10 Challenges; 10 Questions on Elasticity in Action; Solutions

A comprehensive resource covering Elasticity, which includes notes, 10 challenges, set of 10 questions on

Elasticity in Action, with solutions included. Easily copied onto OHPTs. Useful for student revision and for

use with external Achievement Standard 90630 (3.2) V1.









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Year 13 Hunt for Work – A Game about Employment

Code ECO 05/3/27

Price $24

Contents: Teacher Notes; How to Play the Game; Game Cards; Game Board; Answers

An investigation board game based on the theme of youth unemployment/employment, and the effects on

the economy as a whole, as well as on society, individuals and families. The game can be played with two to

six players. The objective is to become the first player to get a job by reaching the end of the game by

following the rules and correctly answering the questions.



Year 13 Investigating Strategies for Lowering Unemployment

Code ECO 05/3/30

Price $20

Contents: Teacher Notes; How to Use; Group Report Sheet; Group Information Sheets; Voting Forms;

Suggested Solutions

A good activity for Year 13, particularly when New Zealand has an unemployment problem. In groups,

students investigate strategies for lowering unemployment, based around a simulated election. By the end of

the activity, students should be able to: identify some policies used to reduce unemployment; discuss how

these policies will reduce the unemployment rate; list some „fors‟ and „againsts‟ for each policy; and

understand that there are two sides to each government policy and that government must try to balance

these. The activity is also designed to develop skills of group work and presentation. Suggested solutions

are included.



Year 13 Public Sector Cards

Code ECO 05/4/2

Price $12

Contents: Ideas for Use; Suggested Solutions; 3 Sets of Cards – Terms, Graphs, Explanations/Examples

A great revision activity for AS 90631 (3.3). The resource contains three sets of cards: graphs relating to AS

3.3; headings for each graph; explanations and/or examples for each graph and concept. It includes seven

different ideas on how the cards may be used. A simple but effective revision activity.



Level 3 Perfect Competition & Monopoly PowerPoint

Code ECO 05/4/3

Price $30

Contents: Teacher Notes; 33 PowerPoint Slides

An excellent PowerPoint resource for Level 3, containing 33 PowerPoint slides of a selection of graphs and

definitions, which could be copied onto overheads if preferred. Includes cost curves; perfect competition

including features, price taker, short-run profits, marginal analysis, long-run, short-run to long run, short-run

losses, short-run shutdown; measuring performance; monopoly including price and output, short-run losses,

price discrimination, long-run; oligopoly including market feature, price and output policy, non-price

competition, other issues; monopolistic competition including price and output policy, long-run, performance.



Level 3 Economics of Labour

Code ECO 06/2/14

Price $15

This resource contains questions requiring a graphing answer to the effect of policies and events on the

supply and demand of labour; changes in actual labour force over time; and review questions. Suggested

solutions are included.



Level 3 Economics Calculations PowerPoint Pack

Code ECO 06/4/4

Price $40

Designed to practise all the calculations required for Level 3 Economics this pack includes a formulae

sheet for students, PowerPoint of 60 slides and student worksheets of practice tasks. The PowerPoint

takes you through worked examples (utility, elasticity, costs, revenue, accounting and economic profit,

GDP, BOP, terms of trade and foreign exchange) with practice tasks for students and answers to the

tasks. An excellent resource for revision before NCEA exams.









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ALL LEVELS



All Levels Learning Strategies for Economics

Code ECO 05/3/10

Price $30

Contents: Teacher Notes; Practice Assessment; Suggested Solutions

A collection of over 60 teaching and learning techniques, designed as a guide or stimulation for new ideas to

capture the attention and minds of the students. The resource begins with the reasons why a variety of

strategies should be used in every classroom. It contains an A-Z outline list of Teaching and Learning

techniques including Acronyms, Association Maps, Celebrity Heads, Thinking Programme Debates,

Interactive worksheets, Oxford Debate, Scavenger Hunt, Six Thinking Hats, Tree diagrams, Visualisation and

Word Sleuths, to name but a few. Also included is an ideas list to address the learning styles – Concrete

Sequential, Abstract Sequential, Abstract Random, Concrete Random. Some examples are provided. The

resource is suitable at any level.



All Levels The Circular Flow of Income

Code ECO 05/3/28

Price $20

Contents: Teacher Notes; Introduction; The Exercise; Terms; The Activity

An activity to develop economic thinking. The circular flow of income appears in most programmes and will

generally be covered before the deeper intricacies of broader macro-economic policy are approached. The

following lesson offers an opportunity for students to cease being just receivers of information and

encourages them to become involved and to think. It is best undertaken before the class has had any

teaching about national income and is an ideal and simple introductory lesson on the circular flow of income.

Could be used for Years 11, 12 or 13.



All Levels Economics Mystery Tour

Code ECO 05/3/31

Price $30

Contents: Teacher Notes; How to Use; Three Stages of the Tour; Sector Circular Flow

A resource suitable for Years 9 – 12, depending on the school programme, which allows students to see the

circular flow in action. Students individually or in groups use their local business district to investigate,

observe, and interview, followed by the interpretation and analysis of the data collected. The three stages

could be addressed either individually or together. The first observes a section of the business district, with a

series of economic questions; the second includes exports, tourism and government involvement; while the

third looks at imports and standard of living. The resource ends with the completion of a circular flow model

relating to the tour. The resource could be adapted to suit the local environment.



All Levels The Survival Game

Code ECO 06/1/1

Price $15

Contents: Teacher Notes; Instructions for the Individual; Patterns; Instructions for Groups

The Survival Game can be played individually or in groups, and is based on the scenario of being stranded

at the South Pole and the need to survive by producing shelter, food and clothing, with instructions on how to

help the individual or group survive their predicament. Suitable for any age group.



All Levels Graphs Disk

Code ECO 06/2/1

Price $50

Contents: Teacher Notes; Circular Flow Models; Demand and Supply Models; Production Possibility Curves;

Lorenz Curves; Aggregate Supply and Aggregate Demand Graphs; Firm Graphs; Social Marginal Benefit

and Social Marginal Cost

This resource is intended to assist teachers by saving them time in processing graphs, and ensuring that

they have access to an accurate graph to suit a range of situations. It contains templates of 84 graphs

relating to the topics listed above, and is suitable for all levels of Economics. Teachers will be able to use the

graphs as is, or adjust them to suit specific teaching requirements.









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ECONOMICS ACHIEVEMENT STANDARDS RESOURCES





All CETA Achievement Standards assessments have had expert subject evaluation. Please note this

is not NZQA moderation.







LEVEL 1



Level 1 AS90196 v2 McDonald‟s Field Trip

Code ECO 05/3/23

Price $15

Contents: Teacher Notes; Introduction; Activities

An assignment resource suitable for external Level 1 Achievement Standard 90196 (1.2) version 2. It revises

concepts introduced in the producers' decision-making part of the Year 11 syllabus. It gives students a real

life example by visiting McDonald‟s to observe, and associate what they are seeing on their visit with the

activities given. It would be useful to give McDonald‟s a copy of this before your visit.



Level 1 AS90200 v2 Economic Decision Making

Code ECO 05/3/34

Price $30

Contents: Teacher Notes; Resource Sheet; Decision Making Student Answer Template; Suggested Solution;

Marking Schedule

A resource that has been developed to address the Level 1 Internal Achievement Standard 90200 (1.6)

version 2 – Understand and use the consumer decision-making model. The topic, The Washing Dilemma,

allows the students to use the Economic Decision-making Model (EDM) to consider four washing machines.

The suggested time is two periods of class time.



Level 1 AS90196 v2 Student Group Activities

Code ECO 05/3/35

Price $15

Contents: Teacher Notes; Resource Poker; Mix ‟n‟ Match Production Participants

A resource that contains two games for use when teaching Level 1 external Achievement Standard 90196

(1.2) version 2 – describe producers, production, and resources and their use. The first game, Resource

Poker, is a group card game that distinguishes between renewable and non-renewable resources, and

classifies human, capital and natural resources. The second game, Mix „n‟ Match Production Participants, is

a matching card game to identify the individuals and groups who participate in the production of goods and

services.



Level 1 Pizza Demand Tasks

Code ECO 06/3/1

Price $40

This class activity provides practice questions covering all the demand concepts in Achievement Standard

90195 (1.1) with tasks relating to consumer demand for pizzas. The resource covers definitions; graphing;

changes in quantity demanded; changes in demand; implications of changes in demand. The pack includes:

teacher instructions; printing/photocopy colour masters and answers to the tasks. This resource is designed

to be used in stations with students collecting and completing the tasks at their own pace.



Level 1 Economics Bingo Games

Code ECO 07/1/8

Price $35

This resource pack is designed to revise all the economic terms that students must know for achievement

standards: AS 90195, AS 90196, AS 90198 in three separate games. The pack contains instructions for the

Bingo games along with: a set of 20 Bingo cards for each standard, definitions for the teacher to read out

and a checklist for each Achievement Standard. This is an excellent revision tool that can be used on the

completion of each Achievement Standard throughout the year as well as revision before exams.





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Level 1 Revision Pack External Achievement Standard 90195 v3

Describe concepts related to consumer choice and demand

Code ECO 08/2/3

Price $30

Contents: Achievement Standard 90195 (1.1); Assessment Specifications 2008; Teaching Points; Student

Checklist; Terms and Definitions; List of Practice Examination Questions. Undated for version 3, replacing

Eco 05/3/40



Level 1 Revision Pack External Achievement Standard 90196 v3

Describe producers, resources and production

Code ECO 08/2/4

Price $30

Contents: Achievement Standard 90196 (1.2); Assessment Specifications 2008; Teaching Points; Student

Checklist; Terms and Definitions; List of Practice Examination Questions Updated for version 3, replacing

Eco 05/3/41



Level 1 Revision Pack External Achievement Standard 90197 v3

Describe the concept of supply

Code ECO 08/2/5

Price $30

Contents: Achievement Standard 90197 (1.3); Assessment Specifications 2008; Teaching Points; Student

Checklist; Terms and Definitions; List of Practice Examination Questions Updated for version 3, replacing

Eco 05/3/42



Level 1 Revision Pack External Achievement Standard 90198 v3

Describe the market and market equilibrium

Code ECO 08/2/6

Price $30

Contents: Achievement Standard 90198 (1.4); Assessment Specifications 2008; Teaching Points; Student

Checklist; Terms and Definitions; List of Practice Examination Questions Updated for version 3 replacing Eco

05/3/43



Level 1 Revision Pack External Achievement Standard 90199 v3

Describe major sectors of the economy and the relationships between them

Code ECO 08/2/7

Price $30

Contents: Achievement Standard 90199 (1.5); Assessment Specifications 2008; Teaching Points; Student

Checklist; Terms and Definitions; List of Practice Examination Questions Updated for version 3 replacing Eco

05/3/44



Pack of all Level 1 External Achievement Standards Pack v3

Code ECO 08/2/8

Price $90









LEVEL 2



Level 2 Achievement Standard 90795 Trade PowerPoint

Describe international trade and its causes and effects using economic models.

Code ECO 07/1/2

Price $40

A 60 comprehensive animated PowerPoint which covers all the Economics Syllabus requirements for

Achievement Standard 90795









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Level 2 Achievement Standard 90796 Growth PowerPoint

Describe economic growth and its causes and effects using economic models

Code ECO 07/1/3

Price $40

A 64 comprehensive animated PowerPoint which covers all the Economics Syllabus requirements for

Achievement Standard 90796.



Level 2 Achievement Standard 90794 Inflation PowerPoint

Describe inflation and its causes and effects using economic models.

Code ECO 07/1/4

Price $40

A 54 comprehensive animated PowerPoint which covers all the Economics Syllabus requirements for

Achievement Standard 90794



Level 2 Achievement Standard 90798 Government Policies PowerPoint

Describe government policies in relation to economic issues Code

ECO 07/2/1

Price $50

An 88 slide comprehensive animated PowerPoint which covers all the Economics Syllabus requirements for

Achievement Standard 90798.



Level 2 Economics Bingo Games

Code ECO 07/1/7

Price $25

This resource pack is designed to revise all the economic terms that students must know for Level 2 NCEA

exams in a fun way. The pack contains instructions for the Bingo game, a set of 20 Bingo cards, definitions

for the teacher to read out and a checklist. This is an excellent revision tool that is designed as an end of

year revision activity before exams.



Level 2 Practice Questions 2007 – Achievement Standard 90794 (2.1)

Describe inflation and its causes and effects using economic models

Code ECO 07/3/1

Price $18

Contains Teacher Notes; Achievement Criteria; Questions; Assessment Schedule

This end of topic practice question pack relates to Level Two Achievement Standard 90794 (2.1) It contains

Achievement Criteria, with descriptions as to how to gain Achieved; Merit and Excellent; a series of four

questions covering the topic requirements and a comprehensive Assessment Schedule. An excellent

resource to use after teaching the topic Inflation, or as revision prior to internal or external assessment.



Level 2 Practice Questions 2007 – Achievement Standard 90795 (2.2)

Describe international trade and its causes and effects using economic models

Code ECO 07/3/2

Price $18

Contains Teacher Notes; Achievement Criteria; Questions; Assessment Schedule

This end of topic practice question pack relates to Level Two Achievement Standard 90795 (2.2) It contains

Achievement Criteria, with descriptions as to how to gain Achieved; Merit and Excellent; a series of four

questions covering the topic requirements and a comprehensive Assessment Schedule. An excellent

resource to use after teaching the topic Trade, or as revision prior to internal or external assessment.



Level 2 Practice Questions 2007 – Achievement Standard 90796 (2.3)

Describe economic growth and its causes and effects using economic models

Code ECO 07/3/3

Price $18

Contains Teacher Notes; Achievement Criteria; Questions; Assessment Schedule

This end of topic practice question pack relates to Level Two Achievement Standard 90796 (2.3) It contains

Achievement Criteria, with descriptions as to how to gain Achieved; Merit and Excellent; a series of five

questions covering the topic requirements and a comprehensive Assessment Schedule. An excellent

resource to use after teaching the topic Economic Growth, or as revision prior to internal or external

assessment.







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Level 2 Practice Questions 2007 – Achievement Standard 90798 (2.5)

Describe government policies in relation to economic issues

Code ECO 07/3/4

Price $18

Contains Teacher Notes; Achievement Criteria; Questions; Assessment Schedule

This end of topic practice question pack relates to Level Two Achievement Standard 90798 (2.5). It contains

Achievement Criteria; a series of nine questions, three for each of the topics inflation; trade; growth. A

comprehensive Assessment Schedule. An excellent resource to use after teaching the topics inflation, trade,

growth, or as revision prior to internal or external assessment.



Pack of Four Level 2 Practice Questions 2007

(ECO 07/3/1; ECO 07/3/2; ECO 07/3/3; ECO 07/3/4)

Code ECO 07/3/4/1

Price $45



Level 2 Revision Pack for External Achievement Standard 90794 (2.1)

Describe inflation and its causes and effects using economic models

Code ECO 07/3/5

Price $20

Contents: Achievement Standard 90794; Assessment Specifications 2007; Checklist; Definitions List;

Practice Exam Questions Grid

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. The checklist and list of definitions highlight the content which

should be covered to achieve success in the end of year examinations and a Practice Exam Question Grid.

A complementary resources is ECO 07/3/1 Level 2 Practice Questions 2007 – Achievement Standard 90794

(2.1)



Level 2 Revision Pack for External Achievement Standard 90795 (2.2)

Describe international trade and its causes and effects using economic models

Code ECO 07/3/6

Price $20

Contents: Achievement Standard 90795; Assessment Specifications 2007; Checklist; Definitions List;

Practice Exam Questions Grid

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. The checklist and list of definitions highlight the content which

should be covered to achieve success in the end of year examinations and a Practice Exam Question Grid.

A complementary resources is ECO 07/3/2 Level 2 Practice Questions 2007 – Achievement Standard 90795

(2.2)



Level 2 Revision Pack for External Achievement Standard 90796 (2.3)

Describe economic growth and its causes and effects using economic models

Code ECO 07/3/7

Price $20

Contents: Achievement Standard 90796; Assessment Specifications 2007; Checklist; Definitions List;

Practice Exam Questions Grid

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. The checklist and list of definitions highlight the content which

should be covered to achieve success in the end of year examinations and a Practice Exam Question Grid.

A complementary resources is ECO 07/3/3 Level 2 Practice Questions 2007 – Achievement Standard 90796

(2.3)



Level 2 Revision Pack for External Achievement Standard 90798 (2.5)

Describe government policies in relation to economic issues

Code ECO 07/3/8

Price $20

Contents: Achievement Standard 90798; Assessment Specifications 2007; Checklist; Definitions List;

Practice Exam Questions Grid

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. The checklist and list of definitions highlight the content which

should be covered to achieve success in the end of year examinations and a Practice Exam Question Grid.

A complementary resources is ECO 07/3/4 Level 2 Practice Questions 2007 – Achievement Standard 90798

(2.5)



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Pack of Four Level 2 Revision Packs for External Achievement Standard

(ECO 07/3/1; ECO 07/3/2; ECO 07/3/3; ECO 07/3/4)

Code ECO 07/3/8/1

Price $60



Level 2 NCEA Questions & Answers 2003-2006 AS90794 (2.1)

Code ECO 07/4/1

Price $30

Contains: NCEA Questions and NCEA Questions and Answers

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. It has been necessary to amend some questions/answers to

ensure that they meet the requirements for the year 2007. The resource is in two parts: File 1 is the

questions relating to AS90794 (2.1) Inflation which have appeared in the NCEA Externals from 2003 to 2006.

File 2 contains the questions and answers. There are 23 questions relating to Inflation and where

appropriate answers of Achieved, Merit, Excellence.



Level 2 NCEA Questions & Answers 2003-2006 AS90795 (2.2)

Code ECO 07/4/2

Price $30

Contains: NCEA Questions and NCEA Questions and Answers

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. It has been necessary to amend some questions/answers to

ensure that they meet the requirements for the year 2007. The resource is in two parts: File 1 is the

questions relating to AS90795 (2.2) Trade which have appeared in the NCEA Externals from 2003 to 2006.

File 2 contains the questions and answers. There are 20 questions relating to Trade and where appropriate

answers of Achieved, Merit, Excellence.



Level 2 NCEA Questions & Answers 2003-2006 AS90796 (2.3)

Code ECO 07/4/3

Price $30

Contains: NCEA Questions and NCEA Questions and Answers

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. It has been necessary to amend some questions/answers to

ensure that they meet the requirements for the year 2007. The resource is in two parts: File 1 is the

questions relating to AS90796 (2.3) Growth which have appeared in the NCEA Externals from 2003 to 2006.

File 2 contains the questions and answers. There are 38 questions relating to Growth and where appropriate

answers of Achieved, Merit, Excellence.



Level 2 NCEA Questions & Answers 2003-2006 AS90798 (2.5)

Code ECO 07/4/4

Price $30

Contains: NCEA Questions and NCEA Questions and Answers

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. It has been necessary to amend some questions/answers to

ensure that they meet the requirements for the year 2007. The resource is in two parts: File 1 is the

questions relating to AS90798 (2.5) Government Policies which have appeared in the NCEA Externals from

2003 to 2006. File 2 contains the questions and answers. There are 57 questions relating to Government

Policies and where appropriate answers of Achieved, Merit, Excellence.



Pack of Four Level 2 NCEA Questions & Answers

(ECO 07/4/1; ECO 07/4/2; ECO 07/4/3; ECO 07/4/4)

Code ECO 07/4/4/1

Price $95









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LEVEL 3



Level 3 Revision Pack for External Achievement Standard 90629 (3.1)

Understand marginal analysis and the behaviour of firms.

Code ECO 06/3/2

Price $30

Contents: Achievement Standard 90629; Assessment Specifications 2006; Checksheet; Definitions List,

Practice Exam Questions Grid

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. The checksheet and list of definitions highlight the content which

should be covered to achieve success in the end of year examinations. The Practice Exam Questions Grid

indicates a range of questions that are available for Achieved, Merit and Excellence. Suitable for use in class

or for student self-paced learning and revision.



Level 3 Revision Pack for External Achievement Standard 90630 (3.2)

Describe an economic problem, allocative efficiency, and market responses to change.

Code ECO 06/3/3

Price $30

Contents: Achievement Standard 90630; Assessment Specifications 2006; Checksheet; Definitions List,

Practice Exam Questions Grid

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. The checksheet and list of definitions highlight the content which

should be covered to achieve success in the end of year examinations. The Practice Exam Questions Grid

indicates a range of questions that are available for Achieved, Merit and Excellence. Suitable for use in class

or for student self-paced learning and revision.



Level 3 Revision Pack for External Achievement Standard 90631 (3.3)

Describe market failure and government interventions to correct for market failure.

Code ECO 06/3/4

Price $30

Contents: Achievement Standard 90631; Assessment Specifications 2006; Checksheet; Definitions List,

Practice Exam Questions Grid

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. The checksheet and list of definitions highlight the content which

should be covered to achieve success in the end of year examinations. The Practice Exam Questions Grid

indicates a range of questions that are available for Achieved, Merit and Excellence. Suitable for use in class

or for student self-paced learning and revision.



Level 3 Revision Pack for External Achievement Standard 90631 (3.4)

Describe aggregate economic activity

Code ECO 06/3/5

Price $30

Contents: Achievement Standard 90632; Assessment Specifications 2006; Checksheet; Definitions List,

Practice Exam Questions Grid

This revision pack has been developed to assist teachers and students as they prepare for external

assessment in this Achievement Standard. The checksheet and list of definitions highlight the content which

should be covered to achieve success in the end of year examinations. The Practice Exam Questions Grid

indicates a range of questions that are available for Achieved, Merit and Excellence. Suitable for use in class

or for student self-paced learning and revision..



Pack of all Level 3 External Achievement Standards Revision Packs

Code ECO 06/3/5/1

Price $90









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Level 3 Economics Bingo Games

Code ECO 07/1/6

Price $40

This resource pack is designed as a fun activity to revise all the economic terms that students must know for

each external achievement standard: AS 90629, AS 90630, AS 90631, AS 90632. The pack contains 4

games – one for each AS. Included are instructions for the Bingo game along with a set of 20 Bingo cards,

definitions for the teacher to read out and a checklist for each Achievement Standard. This is an excellent

revision tool that can be used on the completion of each Achievement Standard throughout the year as well

as revision before exams.









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ECONOMICS UNIT STANDARDS RESOURCES





All CETA Unit Standards assessments have had expert subject evaluation. Please note this is not

NZQA moderation.









LEVEL 1



Level 1 Unit Standard 5856 v4 Pack

Explain concepts related to consumer choice in economics

Code ECO 06/2/3

Price $40

Contents: Teacher Notes; Unit Standard 5856 v4; Student Checklist; Unit Standard Assessment;

Assessment Schedule; Student Result Sheet

The Unit Standard allows students credit for being able to: explain the way in which the limited means of

consumers influences patterns of consumer spending; and explain the concept of, and consequences of,

economic scarcity. The resource contains a student checklist covering elements and performance criteria in

the Unit Standard, an assessment with marking schedule, and a student result sheet. Updated 24 April

2009



Level 1 Unit Standard 5855 v4 Pack

Explain the production process in economics

Code ECO 06/2/5

Price $40

Contents: Teacher Notes; Unit Standard 5855 v4; Student Checklist; Unit Standard Assessment;

Assessment Schedule; Student Result Sheet

The Unit Standard allows students credit for being able to: explain how producers combine resources in

production; explain how internal and external factors influence the productivity of firms; and describe the

motives for, and consequences of, the diversification and integration of firms. The resource contains a

student checklist covering elements and performance criteria in the Unit Standard, an assessment with

marking schedule, and a student result sheet. Updated 18 August 2009









LEVEL 2



Level 2 Unit Standard 5862 v4 Economic Growth Portfolio of Activities

Use measures of economic growth, explain changes in growth and the impact of growth policies

Code ECO 06/2/7

Price $40

Contents: Unit Standard 5862 v4; Teacher Guidelines; Marking Schedule; Student Guidelines

The Unit Standard allows students credit for being able to: use measures of economic growth; explain and

demonstrate changes in economic growth; explain the effects of economic growth; and describe the

economic impact of a policy designed to promote growth. The resource is in the form of activities that

students have to complete as they work through a unit on Growth.



Level 2 Unit Standard 5859 v4 Employment Pack

Analyse and describe the labour market in economics

Code ECO 06/2/9

Price $40

Contents: Teacher Notes; Unit Standard 5859; Student Checklist; Summative Test; Marking Schedule;

Student Recording Sheet

All CETA Achievement Standard and Unit Standard assessments have had expert subject evaluation.

Please note this is not NZQA moderation. The resource contains a student checklist covering the elements

Educating Young People Who Will Be 21

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and performance criteria in the Unit Standard, an assessment with a marking schedule, and student

recording sheet.



Level 2 Unit Standard 5861 v4 Inflation Pack

Describe and measure inflation, its causes and effects, and the impact of a policy to reduce inflation

Code ECO 06/2/11

Price $40

Contents: Teacher Notes; Unit Standard 5861; Student Checklist; Summative Test; Marking Schedule;

Student Recording Sheet

All CETA Achievement Standard and Unit Standard assessments have had expert subject evaluation.

Please note this is not NZQA moderation. The resource contains a student checklist covering the elements

and performance criteria in the Unit Standard, an assessment with a marking schedule, and student

recording sheet. Updated October 2009



Level 2 Unit Standard 5862 v4 Growth Pack

Use measures of economic growth, explain changes in growth and the impact of growth policies

Code ECO 06/2/12

Price $40

Contents: Teacher Notes; Unit Standard 5862; Student Checklist; Summative Test; Marking Schedule;

Student Recording Sheet. All CETA Achievement Standard and Unit Standard assessments have had expert

subject evaluation. Please note this is not NZQA moderation. The resource contains a student checklist

covering the elements and performance criteria in the Unit Standard, an assessment with a marking

schedule, and student recording sheet.



Level 2 Unit Standards Pack of Four Level 2 Unit Standards

Code ECO 06/2/4

Price $80

Contents: Employment Unit Standard 5859 v4 Test; Trade Unit Standard 5860 v4 Test; Inflation Unit

Standard 5861 v4 Test; Growth Unit Standard 5862 v4 Test; Assessment Schedules

This resource contains a set of four Unit Standards tests as listed above, suitable for Year 12 Economics.

The tests could be used as formative or summative assessments.



Level 2 NCEA Unit Standard 5860 v4 Trade Portfolio of Activities

Code ECO 07/1/5

Price $40

Contents: Unit Standard 5860 v4; Teacher Guidelines; Marking Schedule; Student Guidelines

This is a project for Economics Level 2 Internal Assessment of Unit Standard 5860 v4. The Unit Standard

allows students to gain credit for being able to calculate trade related statistics, demonstrate and explain the

basis for international trade, explain effects of a change in trade patterns, demonstrate and explain the

economic impact of policy designed to promote trade. The resource is in the form of a portfolio of activities

that students have to complete as they work through a unit on trade. It contains guidelines for the teacher;

comprehensive student guidelines and a marking schedule.



Level 2 NCEA Unit Standard 5861 v4 Inflation PowerPoint

Describe and measure inflation, its causes and effects and the impact of policies to reduce inflation.

Code ECO 07/2/2

Price $40

A 69 slide comprehensive animated PowerPoint which covers all the Economics Syllabus requirements for

Unit Standard 5861 version 4



Level 2 NCEA Unit Standard 5860 v4 Trade PowerPoint

Code ECO 07/2/3

Price $40

Describe and measure trade, its causes and effects and the impact of policies to.

A 61 slide comprehensive animated PowerPoint which covers all the Economics Syllabus requirements for

Unit Standard 5860 version 4









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Level 2 NCEA Unit Standard 5862 v4 Growth PowerPoint

Use measures of economic growth, explain changes in growth and the impact of growth policies.

Code ECO 07/2/4

Price $40

A 48 slide comprehensive animated PowerPoint which covers all the Economics Syllabus requirements for

Unit Standard 5862 version 4



Level 2 Unit Standard 5860 v4 Trade Pack

Demonstrate and explain the basis for trade, and the impact of a trade policy

Code ECO 07/2/5

Price $30

Contents: Teacher Notes; Unit Standard 5860; Student Checklist; Summative Test; Marking Schedule;

Student Recording Sheet

The resource contains a student checklist covering the elements and performance criteria in the Unit

Standard, an assessment with a marking schedule, and student recording sheet. The resource contains a

student checklist covering the elements and performance criteria in the Unit Standard, an assessment with a

marking schedule, and student recording sheet.



Level 2 NCEA Unit Standard 5861 v4 Inflation Portfolio of Activities

Code ECO 07/2/6

Price $40

Contents; Unit Standard 5861 v 4; Teacher Guidelines; Marking Schedule; Student Guidelines

This is a project for Economics NCEA Level 2 (Year 12) Internal Assessment of Unit Standard 5861 v4. The

Unit Standard allows students to gain credit for being able to describe and measure inflation, its causes and

effects, and the impact of a policy to reduce inflation. This assessment requires the student to complete 4

tasks each of which will require up to 1 term to allow students to complete the research associated with

them. As a result this project would be ideally suited to teaching programmes that are organised by

achievement standard so the project tasks can be spread throughout the year and so fit neatly into the

teaching programme. Two tasks require students to collect articles from secondary sources. In each case

students are asked to collect more articles than required to pass the standard so students may set

benchmark dates and advise students of articles that are appropriate and limit the in class test to just the

number of articles required to pass the standard marking schedule.









LEVEL 3



Level 3 Unit Standard 5863 v4 Pack

Investigate and compare the behaviour of firms under different market structures

Code ECO 09/4/1

Price $45

Contents: Teacher Notes; Unit Standard 5863 Version 4; Student Checklist; 2 Unit Standard Tests and

Assessment Schedules; Student Result Sheet

This resource is written to support Level 3 Unit Standard 5863 Version 4.The Unit Standard is awarded to

students who are able to investigate a range of market structures; and compare profit maximisation for a firm

under perfect competition with a monopolist. The student checklist covers elements and performance criteria.

This assessment pack has two tests that can be used to assess Unit Standard 5863. These tests are to be

as closed book assessments requiring approximately 40 – 50 minutes. It is suggested one test is used for

the first assessment and the second test is used for the reassessment opportunity.



Level 3 Unit Standard 5864 v4 Pack

Explain and apply the concepts of marginal utility and elasticity

Code ECO 09/4/2

Price $45

Contents: Teacher Notes; Unit Standard 5864 version 4; Student Checklist; On-going Assessment and

Assessment Schedule; Unit Standard Test and Assessment Schedule; Student Result Sheet

This resource is written to support Level 3 Unit Standard 5864 version 4 The Unit Standard is awarded to







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students who are able to explain the derivation of the demand curve; calculate and apply elasticities of

demand and supply; and use elasticities to establish incidences of a tax or a subsidy. The student checklist

covers elements and performance criteria. The first assessment task involves on-going assessment activities

as students complete various sections of a micro – economics course

 the first task involves students surveying a family member to construct a utility schedule. This is then

used by the student to derive a demand curve

 the second task involves students investigating the effect of changes in price and income on demand

for tuckshop products

 the third task involves an in class simulation to show the effect of diminishing returns on the supply

of a product

 all these activities will be used to gather information that can be used by students to complete

exercises that will determine if they achieve this US

The second reassessment task is a closed book test, requiring 50min to complete



Level 3 Unit Standard 5865 v4 Pack

Examine the allocation of resources via the market and the state

Code ECO 09/4/3

Price $45

Contents: Teacher Notes; Unit Standard 5865 version 4; Student Checklist; Unit Standard Test; Unit

Standard Investigation with Assessment Schedule; PowerPoint Template for Recording the Research;

Student Result Sheet

This resource is written to support Level 3 Unit Standard 5865 version 4 The Unit Standard students credit

for being able to examine allocative efficiency in resource; illustrate and explain differences between the

socially optimal equilibrium and private market equilibrium, and examine the economics argument for

provision of a good by the state. The student checklist covers elements and performance criteria.

The first assessment task is a closed book test, requiring 50min.

The second assessment task involves an investigation into 3 government interventions that are currently in

the news.

 The first story will relate to the use of subsidies in agriculture by overseas governments. The student

will provide a graphical analysis of the effects of this subsidy on allocative efficiency.

 The second story needs to relate to a mixed good (a good with externalities) and involves an

intervention, either a regulation, public provision, a property right, a tax, or a subsidy, by the New

Zealand Government.

 The third story must relate to the government provision of a good. To identify differing viewpoints in

relation to this issue student will interview at least 4 people who are affected differently by the

government provision to find if they are for or against the policy, if they feel the provision should be

increased or decreased and their reasoning.

Students will then use their research to complete a closed book test. Alternatively you could choose to break

the research and test into three parts so the assessment could take place inline with the learning. Once the

theory has been covered, students could find an appropriate news story, and then answer 1 question in

class.



Level 3 Unit Standard 5867 v4 Pack

Demonstrate and explain national income determination

Code ECO 09/4/4

Price $45

Contents: Teacher Notes; Unit Standard 5867 version 4; Student Checklist; Unit Standard On-going Assessment and

Assessment Schedule; Unit Standard Test and Assessment Schedule; Student Result Sheet

This resource is written to support Level 3 Unit Standard 5867 version 4. The Unit Standard is awarded to

students who are able to demonstrate and explain the concepts of, and influences on aggregate supply and

aggregate demand; and demonstrate and explain the impact of a change in a market variable, and

government policy on equilibrium income. The student checklist covers elements and performance criteria.

The first assessment task involves on-going assessment activities as students complete various sections of

a macro – economics topic

 The first task involves students preparing a powerpoint presentation of various aspects of element 1

 The second task involves students collecting articles showing events that affect AS and AD

Students could complete each of the templates as they cover a particular aspect of the topic

ie. Template 1 after an inquiry into factors affecting AD, Template 2 after an inquiry into factors

affecting AS and Template 3 after an inquiry into the influence of government policy on AS AD

The second assessment task includes a closed book test, requiring 30min, for each element of US5867.







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CETA ECONOMICS PRACTICE EXAMINATIONS



Level 1 NCEA Economics CETA Practice Exam 2005

Price $80

An examination that covers the five external Achievement Standards 90195 (1.1), 90196 (1.2), 90197 (1.3), 90198

(1.4), and 90199 (1.5) version 2. Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for

each of the Achievement Standards.



Level 2 NCEA Economics CETA Practice Exam 2005

Price $80

An examination that covers the five external Achievement Standards 90758 (2.1), 90759 (2.2), 90238 (2.3) version

2, 90761 (2.6), and 90762 (2.7). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for

each of the Achievement Standards.



Level 3 NCEA Economics CETA Practice Exam 2005

Price $80

An examination that covers the four external Achievement Standards 90629 (3.1), 90630 (3.2), 90631 (3.3), and

90632 (3.4). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the

Achievement Standards.



Level 1 NCEA Economics CETA Practice Exam 2006

Price $80

An examination that covers the five external Achievement Standards 90195 (1.1), 90196 (1.2), 90197 (1.3), 90198

(1.4), and 90199 (1.5) version 2. Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for

each of the Achievement Standards.



Level 2 NCEA Economics CETA Practice Exam 2006

Price $80

An examination that covers the five external Achievement Standards 90758 (2.1), 90759 (2.2), 90238 (2.3) version

2, 90761 (2.6), and 90762 (2.7). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for

each of the Achievement Standards.



Level 3 NCEA Economics CETA Practice Exam 2006

Price $80

An examination that covers the four external Achievement Standards 90629 (3.1), 90630 (3.2), 90631 (3.3), and

90632 (3.4). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the

Achievement Standards.



Level 1 NCEA Economics CETA Practice Exam 2007

Price $80

An examination that covers the five external Achievement Standards 90195 (1.1), 90196 (1.2), 90197 (1.3), 90198

(1.4), and 90199 (1.5). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the

Achievement Standards.



Level 2 NCEA Economics CETA Practice Exam 2007

Price $80

An examination that covers the four external Achievement Standards 90794 (2.1), 90795 (2.2), 90796 (2.3) 90798

(2.5). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the Achievement

Standards.



Level 3 NCEA Economics CETA Practice Exam 2007

Price $80

An examination that covers the four external Achievement Standards 90629 (3.1), 90630 (3.2), 90631 (3.3), and

90632 (3.4). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the

Achievement Standards.



Level 1 NCEA Economics CETA Practice Exam 2008

Price $80



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An examination that covers the five external Achievement Standards 90195 (1.1), 90196 (1.2), 90197 (1.3), 90198

(1.4), and 90199 (1.5). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the

Achievement Standards.



Level 2 NCEA Economics CETA Practice Exam 2008

Price $80

An examination that covers the four external Achievement Standards 90794 (2.1), 90795 (2.2), 90796 (2.3) 90798

(2.5). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the Achievement

Standards.



Level 3 NCEA Economics CETA Practice Exam 2008

Price $80

An examination that covers the four external Achievement Standards 90629 (3.1), 90630 (3.2), 90631 (3.3), and

90632 (3.4). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the

Achievement Standards.



Level 1 NCEA Economics CETA Practice Exam 2009

Price $80

An examination that covers the five external Achievement Standards 90195 (1.1), 90196 (1.2), 90197 (1.3), 90198

(1.4), and 90199 (1.5). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the

Achievement Standards.



Level 2 NCEA Economics CETA Practice Exam 2009

Price $80

An examination that covers the four external Achievement Standards 90794 (2.1), 90795 (2.2), 90796 (2.3) 90798

(2.5). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the Achievement

Standards.



Level 3 NCEA Economics CETA Practice Exam 2009

Price $80

An examination that covers the four external Achievement Standards 90629 (3.1), 90630 (3.2), 90631 (3.3), and

90632 (3.4). Includes Assessment Tasks, Assessment Schedule and Assessment Sheet for each of the

Achievement Standards.









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