The purpose of this statement is to provide members with NZCETA policy on economics in secondary schools. It can be used to:
- Provide input to the development of an individual school’s policy statement;
- Provide information to be used in curriculum co-ordination exercises;
- Develop an individual school’s prospectus and curriculum programmes;
- Provide information for use with students, parents and the wider school community.
Economics is the study of how people as individuals and groups satisfy their wants by allocating and managing scarce resources.
A study of economics enables students to participate effectively in economic activity and contribute to their future economic well-being. Economics issues highlight the fundamental interdependence between New Zealand and the rest of the world.
Links with the New Zealand Curriculum
Economics contributes to the Essential Learning Area of Social Sciences in that it enables students to understand economic processes such as how people produce, exchange and use goods and services. They will also gain an understanding of economic activities which are important to New Zealand and an awareness of New Zealand's dependence on marketing and trade. Economics also contributes to the Essential Learning Area of Technology through a study of the impact of technology on decisions about the use of technology in relation to society, environment and the economy. They will learn to appraise the potential costs and benefits of various technological applications.
The following essential skills as identified in the New Zealand Curriculum Framework are specifically acquired through a study of economics: problem-solving skills (including thinking and decision - making skills), information skills (including investigative skills), numeracy skills (including statistical skills) and communication skills.
Economics will also help students to clarify and develop their own values and beliefs and to respect and be tolerant of the values and beliefs of others.
Programmes including content, delivery and assessment should reflect the curriculum principles stated in the New Zealand Curriculum Framework and the individual school's charter.
At Years 9 and 10 schools offer a variety of programmes to enable students to achieve economics education objectives. Economics is offered as a course of study at Years 11, 12 and 13.