There are SIX Achievement standards 3 External and 3 internal.
Assessment methods are as follows:

Number

Achievement Standard Title

Credits

Assessment
Method

1.1
AS90983

Demonstrate understanding of consumer choices using the concepts of scarcity and/or demand.

Achieved	Merit	Excellence
Demonstrate understanding of consumer choices, using scarcity and/or demand.	Demonstrate in-depth understanding of consumer choices, using scarcity and/or demand.	Demonstrate comprehensive understanding of consumer choices, using scarcity and/or demand.

External

1.3

AS90985

Demonstrate understanding of producer choices using supply

Achieved	Merit	Excellence
Demonstrate understanding of producer choices using supply.	Demonstrate in-depth understanding of producer choices using supply.	Demonstrate comprehensive understanding of producer choices using supply.

External

1.4

AS90986

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

Achieved

Merit

Excellence

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

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

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

External

1.2

AS90984

Demonstrate understanding of decisions a producer makes about production

Achieved	Merit	Excellence
Demonstrate understanding of decisions a producer makes about production.	Demonstrate in-depth understanding of decisions a producer makes about production.	Demonstrate comprehensive understanding of decisions a producer makes about production.

Internal

1.6

AS90988

Demonstrate understanding of the interdependence of sectors of the New Zealand economy

Achieved	Merit	Excellence
Demonstrate understanding of the interdependence of sectors of the New Zealand economy.	Demonstrate in-depth understanding of the interdependence of sectors of the New Zealand economy.	Demonstrate comprehensiveunderstanding of the interdependence of sectors of the New Zealand economy.

Internal

1.5

AS90987

Demonstrate understanding of a government choice where affected groups have different viewpoints

Achieved	Merit	Excellence
Demonstrate understanding of a government choice where affected groups have different viewpoints.	Demonstrate in-depth understanding of a government choice where affected groups have different viewpoints.	Demonstrate comprehensive understanding of a government choice where affected groups have different viewpoints.

Internal

The Written Examination

The written examination at the end of the year comprises of the external part of the NCEA assessment (Standards 1.1, 1.3, and 1.4).
Internal Assessment

There are THREE internal assessments during the year.