Domain - Economics

Domain - Economics

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Assessment Standards

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Level 1

Make an economic decision
This standard has expired and is no longer available.

Version 4

10926 Unit Standard 4 Credits

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People credited with this unit standard are able to reach a reasoned economic decision by examining obstacles and alternatives to achieving a goal.

Standard-setting body:

NZQA National Qualifications Services

Carry out an economic investigation with direction
This standard has expired and is no longer available.

Version 4

10929 Unit Standard 6 Credits

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People credited with this unit standard are able to carry out an economic investigation with direction: by collecting, recording, processing, and presenting data, and interpreting economic information to develop a valid conclusion.

Standard-setting body:

NZQA National Qualifications Services

Describe relationships between sectors of the economy and compare different types of producers
This standard has expired and is no longer available.

Version 5

5854 Unit Standard 4 Credits

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People credited with this unit standard are able to: describe economic relationships between productive sectors of the economy; describe economic relationships between the major sectors of the economy; describe the characteristics of different types of producers; and compare the goals of commercial and non-commercial producers.

Standard-setting body:

NZQA National Qualifications Services

Explain the production process in economics
This standard has expired and is no longer available.

Version 5 This unit standard has been replaced by AS90984.

5855 Unit Standard 5 Credits

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People credited with this unit standard are able to: explain how producers combine resources in production; how internal and external factors influence the productivity of firms; and describe the motives for, and consequences of, the diversification and integration of firms.

Standard-setting body:

NZQA National Qualifications Services

Explain concepts related to consumer choice in economics
This standard has expired and is no longer available.

Version 5

5856 Unit Standard 3 Credits

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People credited with this unit standard are able to explain the way in which the limited means of consumers influences patterns of consumer spending; and explain the concept of, and consequences of, economic scarcity.

Standard-setting body:

NZQA National Qualifications Services

Explain and demonstrate the concepts of supply and demand in economics
This standard has expired and is no longer available.

Version 5

5857 Unit Standard 7 Credits

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People credited with this unit standard are able to: explain and demonstrate movements along and a shift of a supply and a demand curve; explain market reaction to disequilibrium; and establish implications for consumers and producers.

Standard-setting body:

NZQA National Qualifications Services

Explain and demonstrate the market process in relation to economics
This standard has expired and is no longer available.

Version 5

5858 Unit Standard 7 Credits

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People credited with this unit standard are able to: describe the way different types of markets operate; explain how producers and consumers influence resource use; demonstrate changes in a market using supply and demand analysis; explain the rights and responsibilities of consumers and producers in the market; and explain an alternative to market allocation.

Standard-setting body:

NZQA National Qualifications Services

Describe concepts related to consumer choice and demand
This standard has expired and is no longer available.

Version 4 This achievement standard has been replaced by AS90983.

90195 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe producers, resources and production
This standard has expired and is no longer available.

Version 4

90196 Achievement Standard 5 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe the concept of supply
This standard has expired and is no longer available.

Version 4 This achievement standard has been replaced by AS90985.

90197 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe the market and market equilibrium
This standard has expired and is no longer available.

Version 4 This achievement standard has been replaced by AS90986.

90198 Achievement Standard 5 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe major sectors of the economy and the relationships between them
This standard has expired and is no longer available.

Version 4 This achievement standard has been replaced by AS90988.

90199 Achievement Standard 2 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Understand and use the consumer decision-making model
This standard has expired and is no longer available.

Version 4

90200 Achievement Standard 2 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Carry out an economic investigation
This standard has expired and is no longer available.

Version 5

90201 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

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

Word  PDF

Version 3 This achievement standard replaced AS90195.

90983 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of decisions a producer makes about production

Word  PDF

Version 3 This achievement standard replaced unit standard 5855.

90984 Achievement Standard 5 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of producer choices using supply

Word  PDF

Version 3 This achievement standard replaced AS90197.

90985 Achievement Standard 3 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

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

Word  PDF

Version 3 This achievement standard replaced unit standard 5858 and AS90198.

90986 Achievement Standard 5 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

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

Word  PDF

Version 3

90987 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

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

Word  PDF

Version 3 This achievement standard replaced AS90199.

90988 Achievement Standard 3 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Level 2

Communicate economic information in different modes
This standard has expired and is no longer available.

Version 4

10927 Unit Standard 4 Credits

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People credited with this unit standard are able to present economic information in the form of an essay, and communicate economic information in a mode other than an essay.

Standard-setting body:

NZQA National Qualifications Services

Carry out an economic investigation with guidance
This standard has expired and is no longer available.

Version 4 This unit standard has been replaced by AS91225 and AS91226.

10930 Unit Standard 6 Credits

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People credited with this unit standard are, with guidance, able to: plan an economic investigation; collect and record economic information; process and present economic information; interpret the economic information; and draw a valid conclusion.

Standard-setting body:

NZQA National Qualifications Services

Research and analyse views on a current economic issue
This standard has expired and is no longer available.

Version 4

10932 Unit Standard 4 Credits

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People credited with this unit standard are able to research, and analyse a current economic issue.

Standard-setting body:

NZQA National Qualifications Services

Analyse and describe the labour market in economics
This standard has expired and is no longer available.

Version 5 This unit standard has been replaced by AS91225.

5859 Unit Standard 6 Credits

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People credited with this unit standard are able to: analyse disequilibrium in the labour market; describe the effect of a trend identified in, and a limitation of, employment related statistics; describe the economic impact of a labour market policy designed to reduce unemployment; and describe equality and equity in the labour market.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate and explain the basis for trade, and the impact of a trade policy
This standard has expired and is no longer available.

Version 5 This unit standard and AS90795 have been replaced by AS91223.

5860 Unit Standard 6 Credits

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People credited with this unit standard are able to: calculate trade related statistics; demonstrate and explain the basis for international trade; explain the effect of changes in trade patterns; and demonstrate and explain the economic impact of policy designed to promote trade.

Standard-setting body:

NZQA National Qualifications Services

Describe and measure inflation, its causes and effects, and the impact of a policy to reduce inflation
This standard has expired and is no longer available.

Version 5 This unit standard and AS90794 have been replaced by AS91222.

5861 Unit Standard 6 Credits

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People credited with this unit standard are able to: describe and measure inflation; describe causes and effects of inflation; and describe the economic impact of a policy designed to reduce inflation.

Standard-setting body:

NZQA National Qualifications Services

Use measures of economic growth, explain changes in growth and the impact of growth policies
This standard has expired and is no longer available.

Version 5 This unit standard and AS90796 have been replaced by AS91224.

5862 Unit Standard 6 Credits

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People credited with this unit standard are able to: use measures of economic growth; explain and demonstrate changes in economic growth; explain the effects of economic growth; and describe the economic impact of a policy designed to promote growth.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate an awareness of government policies related to economic issues
This standard has expired and is no longer available.

Version 3 This achievement standard has been replaced by AS90798.

90238 Achievement Standard 4 Credits Externally Assessed

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This achievement standard involves describing how government policies are intended to achieve objectives related to the given issues, and the effects of these policies on other economic issues.

Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Define and describe economic concepts and terms in relation to given issues
This standard has expired and is no longer available.

Version 2 This achievement standard and AS90761 replaced AS90236.

90758 Achievement Standard 3 Credits Externally Assessed

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This achievement standard involves the definition and description of economic concepts and terms in relation to given issues.

Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Use economic models to illustrate aspects of given issues
This standard has expired and is no longer available.

Version 2 This achievement standard and AS90762 replaced AS90237.

90759 Achievement Standard 4 Credits Externally Assessed

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This achievement standard involves using economic models to illustrate aspects of given issues.

Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Carry out an investigation of a current economic issue
This standard has expired and is no longer available.

Version 2 This achievement standard replaced AS90239 and AS90240.

90760 Achievement Standard 6 Credits Externally Assessed

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This achievement standard involves investigating a current economic issue, including describing the purpose of the investigation, gathering, presenting, processing, analysing and interpreting the data to make generalisations consistent with the purpose. Both primary data and referenced secondary sources are required to be used in the investigation.

Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Process and interpret statistical data in relation to given economic issues
This standard has expired and is no longer available.

Version 2 This achievement standard and AS90758 replaced AS90236.

90761 Achievement Standard 4 Credits Externally Assessed

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This achievement standard involves the processing and interpretation of statistical data in relation to given economic issues.

Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe economic effects of given issues.
This standard has expired and is no longer available.

Version 2 This achievement standard and AS90759 replaced AS90237.

90762 Achievement Standard 3 Credits Externally Assessed

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This achievement standard involves describing economic effects of given issues.

Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe inflation and its causes and effects using economic models
This standard has expired and is no longer available.

Version 2 This achievement standard and unit standard 5861 have been replaced by AS91222.

90794 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe international trade and its causes and effects using economic models
This standard has expired and is no longer available.

Version 2 This achievement standard and unit standard 5860 have been replaced by AS91223.

90795 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe economic growth and its causes and effects using economic models
This standard has expired and is no longer available.

Version 2 This achievement standard and unit standard 5862 have been replaced by AS91224.

90796 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Process, present and analyse statistical data in relation to given economic issues
This standard has expired and is no longer available.

Version 2

90797 Achievement Standard 6 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe government policies in relation to economic issues
This standard has expired and is no longer available.

Version 2 This achievement standard has been replaced by AS91227.

90798 Achievement Standard 6 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Analyse inflation using economic concepts and models

Word  PDF

Version 2 This achievement standard replaced AS90794 and unit standard 5861.

91222 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Analyse international trade using economic concepts and models

Word  PDF

Version 2 This achievement standard replaced AS90795 and unit standard 5860.

91223 Achievement Standard 4 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Analyse economic growth using economic concepts and models

Word  PDF

Version 2 This achievement standard replaced AS90796 and unit standard 5862.

91224 Achievement Standard 4 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Analyse unemployment using economic concepts and models

Word  PDF

Version 2 This achievement standard replaced unit standard 5859.

91225 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Analyse statistical data relating to two contemporary economic issues

Word  PDF

Version 2 This achievement standard and AS91225 replaced unit standard 10930.

91226 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Analyse how government policies and contemporary economic issues interact

Word  PDF

Version 2 This achievement standard replaced AS90798.

91227 Achievement Standard 6 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Analyse a contemporary economic issue of special interest using economic concepts and models

Word  PDF

Version 2

91228 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Level 3

Present an economic argument in an essay and another mode
This standard has expired and is no longer available.

Version 4

10928 Unit Standard 4 Credits

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People credited with this unit standard are able to present an economic argument in the form of an essay, and in another mode.

Standard-setting body:

NZQA National Qualifications Services

Carry out an economic investigation with consultation
This standard has expired and is no longer available.

Version 4

10931 Unit Standard 6 Credits

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People credited with this unit standard are able to: plan an economic investigation with consultation; collect and record economic information with consultation; process and present economic information with consultation; interpret the economic information; draw valid conclusions; and evaluate the investigation.

Standard-setting body:

NZQA National Qualifications Services

Investigate and compare the behaviour of firms under different market structures
This standard has expired and is no longer available.

Version 5 This unit standard and AS90629 have been replaced by AS91400 and AS91401.

5863 Unit Standard 5 Credits

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People credited with this unit standard are able to investigate a range of market structures; and compare profit maximisation for a firm under perfect competition with a monopolist.

Standard-setting body:

NZQA National Qualifications Services

Explain and apply the concepts of marginal utility and elasticity
This standard has expired and is no longer available.

Version 5 This unit standard and AS90630 have been replaced by AS91399 and AS91401

5864 Unit Standard 5 Credits

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People credited with this unit standard are able to: explain the derivation of the demand curve; calculate and apply elasticities of demand and supply; and use elasticities to establish incidences of a tax or a subsidy.

Standard-setting body:

NZQA National Qualifications Services

Examine the allocation of resources via the market and the state
This standard has expired and is no longer available.

Version 5 This unit standard and AS90631 have been replaced by AS91402.

5865 Unit Standard 5 Credits

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People credited with this unit standard are able to: examine allocative efficiency in resource use; illustrate and explain differences between the socially optimal equilibrium and private market equilibrium; and examine the economic argument for provision of a good by the state.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate and explain the operation of the money market and the foreign exchange market
This standard has expired and is no longer available.

Version 5

5866 Unit Standard 6 Credits

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People credited with this unit standard are able to: demonstrate and explain changes in the money supply and the operation of the money market; demonstrate and explain the operation of the foreign exchange market under fixed and floating exchange rates; and demonstrate and explain the impact of a monetary policy and fiscal policy on the money market, and on the foreign exchange market.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate and explain national income determination
This standard has expired and is no longer available.

Version 5 This unit standard and AS90632 have been replaced by AS91403.

5867 Unit Standard 5 Credits

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People credited with unit standard are able to demonstrate and explain the concepts of, and influences on aggregate supply and aggregate demand; and demonstrate and explain the impact of a change in a market variable, and government policy on equilibrium income.

Standard-setting body:

NZQA National Qualifications Services

Understand marginal analysis and the behaviour of firms
This standard has expired and is no longer available.

Version 4 This achievement standard and unit standard 5863 have been replaced by AS91400 and AS91401.

90629 Achievement Standard 5 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe an economic problem, allocative efficiency, and market responses to change
This standard has expired and is no longer available.

Version 3 This achievement standard and unit standard 5864 have been replaced by AS91399 and AS91401.

90630 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe market failure and government interventions to correct for market failure
This standard has expired and is no longer available.

Version 3 This achievement standard and unit standard 5865 have been replaced by AS91402.

90631 Achievement Standard 4 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Describe aggregate economic activity
This standard has expired and is no longer available.

Version 3 This achievement standard and unit standard 5867 have been replaced by AS91403.

90632 Achievement Standard 6 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Carry out an economic study of different viewpoints of government involvement in an economic issue
This standard has expired and is no longer available.

Version 1 Replaced by 90778

90633 Achievement Standard 2 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Carry out an economic investigation to test a hypothesis
This standard has expired and is no longer available.

Version 1 Replaced by 90778

90634 Achievement Standard 3 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Collect and process information, and carry out an economic analysis
This standard has expired and is no longer available.

Version 3

90778 Achievement Standard 5 Credits Externally Assessed

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Standard-setting body:

Ministry of Education NZQA National Qualifications Services

Demonstrate understanding of the efficiency of market equilibrium

Word  PDF

Version 2 This achievement standard and AS91401 replaced AS90630 and unit standard 5864.

91399 Achievement Standard 4 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of the efficiency of different market structures using marginal analysis

Word  PDF

Version 2 This achievement standard and AS91401 replaced AS90629 and unit standard 5863.

91400 Achievement Standard 4 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of micro-economic concepts

Word  PDF

Version 2 This achievement standard and AS91400 replaced AS90629 and unit standard 5863.

91401 Achievement Standard 5 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes

Word  PDF

Version 3 This achievement standard replaced AS90631 and unit standard 5865.

91402 Achievement Standard 5 Credits Externally Assessed

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Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Demonstrate understanding of macro-economic influences on the New Zealand economy

Word  PDF

Version 2 This achievement standard replaced AS90632 and unit standard 5867.

91403 Achievement Standard 6 Credits Externally Assessed

View Education Organisations with Consent to Assess  »

Consent & Moderation Requirements:

CMR 233 Word PDF

Standard-setting body:

Ministry of Education

Data as at 15 January 2022