Assessment Specifications

Level 1 Economics 2021

General information

Domain

Economics

Method of assessment

Written examination

Standards

90983  90985  90986

Information relating to all achievement standards

Each standard will consist of questions requiring written answers and / or sketch diagrams and graphs.

To assist candidates, questions may be scaffolded. This scaffolding could mean that a question is broken into several parts and / or bullet points.

Equipment

Candidates are advised to bring a ruler, to be used when drawing graphs, and a calculator.

Specific information for individual achievement standards

Standard

90983

Title

Demonstrate understanding of consumer choices, using scarcity and/or demand

Version

3

Number of credits

4


Standard

90985

Title

Demonstrate understanding of producer choices using supply

Version

3

Number of credits

3


Standard

90986

Title

Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium

Version

3

Number of credits

5


Economics subject page

Examination timetable

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