Level 1 Economics AME Workbook

Level 1 Economics AME Workbook has been updated for 2023.

It covers three external Achievement Standards:

• Economics 1.1 Demonstrate understanding of consumer choices, using scarcity and/or demand
• Economics 1.3 Demonstrate understanding of producer choices using supply
• Economics 1.4 Demonstrate understanding of how consumer, producer and/or government choices affect society, using market equilibrium

This workbook has brief exam revision notes for end-of-year study, with examples and NCEA exam questions from 2022 and earlier years.

Full answers with explanations and A, M, and E grades are given.

Use this workbook all year round or during Terms 3 and 4 to revise and practise exam questions.

Published: 05/2023