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.

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