90988 Interdependence of sectors of the New Zealand economy
In this course we’ll help you develop the understanding you need so you can meet NCEA Level 1 Economics Achievement Standard 90988 (Economics 1.6) ‘Demonstrate understanding of the interdependence of sectors of the New Zealand economy’, 3 credits, version 3. Your teacher will talk to you about the internal assessment task you’ll do once you’re confident with the ideas in this course.
This course is divided into three modules.
1. The sectors of the economy
In this module you’ll learn about each of the five sectors in the economy and the relationship between them.
2. Interdependence and the circular flow
In this module you’ll learn how the economic sectors you’ve learnt about are interdependent, how money and resources flow between the different sectors, and how we can visualise all of these flows with the circular flow model.
3. The impacts of events on the economic sectors
In this module you’ll look at a range of common economic events, including when interest rates rise or fall, and what happens in the different sectors as a result of those different events.
Kua reri koe? Are you ready? Let’s get started.