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Review of unit standards in Micro and Macro Economics (Level 5)

Closed 24 May 2019

NZQA National Qualifications Services invites feedback on the proposed expiry of Economic Theory and Practice unit standards in Micro Economics and Macro Economics (Level 5).

This expiry is as a result of the regular review of these unit standards, which has indicated that their usage is dropping and little use is expected in the future.

Social Sciences > Economic Theory and Practice > Micro Economics
ID	Title	Level	Credits
8415	Analyse and explain the pricing and allocation of factors of production using economic principles	5	2
8416	Investigate market failure and evaluate corrective mechanisms	5	2
26010	Analyse economic events using the demand and supply model	5	2
26011	Apply elasticity concepts to the demand and supply model	5	2
26012	Analyse the behaviour and performance of firms in different market structures	5	6

Social Sciences > Economic Theory and Practice > Macro Economics
ID	Title	Level	Credits
8417	Demonstrate knowledge of National Income determination	5	2
8418	Investigate macroeconomic activity using the aggregate demand/aggregate supply model	5	3
8419	Demonstrate knowledge of fiscal policy and evaluate its effectiveness	5	3
8420	Demonstrate knowledge of monetary policy and evaluate its effectiveness	5	3
8421	Investigate the causes and discuss the consequences of economic instability	5	2
8422	Investigate the causes and discuss the consequences of exchange rate movement	5	2
8423	Explain and evaluate arguments for and against free trade and trade restrictions	5	2
8424	Examine a contemporary economic issue	5	2

We invite comment on any aspect of the proposed expiry of these standards. Please send your responses to nqs@nzqa.govt.nz by the closing date.

Further Information

Updates will be posted on the Micro and Macro Economics unit standards review page.

Thank you in advance for your help. We look forward to hearing from you.