This achievement standard looks at five micro-economic concepts (ideas). You will choose two of these ideas to write about in your internal assessment. There are three parts to this standard. Part 1 is choosing a real-world topic (and learning about it), Part 2 is choosing two microeconomic concepts (and learning about them), and Part 3 is discussing how your two microeconomic concepts relate to your real-world topic in a written report.
Unlike a ‘traditional’ exam, you won’t be sitting a test at the end of your learning. Instead, you will be able to work on the report over a period of time. It’s the digital equivalent of an internal that you might do at school over 2-4 weeks; some is done in class and some is done at home. In the end, you submit the report you've created.
This assessment is based on on the NZQA 91401 achievement standard (version 2) document.
Before taking Economics 3.3, LearnCoach recommends you should have passed some Level 2 economics or accounting internals or externals. If you have not done this, some of the concepts in the internal may be unfamiliar to you and you may find it a challenge.