Domain - Macro Economics

Domain - Macro Economics

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Assessment Standards

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Level 4

Investigate and evaluate a contemporary economic debate
This standard has expired and is no longer available.

Version 4

8425 Unit Standard 3 Credits

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People credited with this unit standard are able to identify and analyse the economic components of a contemporary economic debate, and evaluate the economic views expressed in a contemporary economic debate.

Standard-setting body:

NZQA National Qualifications Services

Investigate the economic validity, reliability, and economic significance of selected statistics
This standard has expired and is no longer available.

Version 4

8426 Unit Standard 3 Credits

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People credited with this unit standard are able to: assess the validity and reliability of selected statistics; explain the economic significance of selected statistics; and describe and analyse the economic significance of selected statistics.

Standard-setting body:

NZQA National Qualifications Services

Level 5

Demonstrate knowledge of National Income determination
This standard has expired and is no longer available.

Version 6

8417 Unit Standard 2 Credits

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People credited with this unit standard are able to: demonstrate knowledge of the circular flow of income; and analyse the impact of a change in the components of circular flow of income on the equilibrium level of National Income (GDP).

Standard-setting body:

NZQA National Qualifications Services

Investigate macroeconomic activity using the aggregate demand/aggregate supply model
This standard has expired and is no longer available.

Version 6

8418 Unit Standard 3 Credits

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People credited with this unit standard are able to: demonstrate understanding of; illustrate and explain inflation and stagflation using; and illustrate and explain non-inflationary economic growth using; the aggregate demand/aggregate supply model.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate knowledge of fiscal policy and evaluate its effectiveness
This standard has expired and is no longer available.

Version 6

8419 Unit Standard 3 Credits

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People credited with this unit standard are able to: illustrate and explain the government budget in the application of fiscal policy using the aggregate demand/aggregate supply model; and evaluate the effectiveness of fiscal policy.

Standard-setting body:

NZQA National Qualifications Services

Demonstrate knowledge of monetary policy and evaluate its effectiveness
This standard has expired and is no longer available.

Version 6

8420 Unit Standard 3 Credits

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People credited with this unit standard are able to demonstrate knowledge of the operation of, and evaluate the effectiveness of, monetary policy.

Standard-setting body:

NZQA National Qualifications Services

Investigate the causes and discuss the consequences of economic instability
This standard has expired and is no longer available.

Version 6

8421 Unit Standard 2 Credits

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People credited with this unit standard are able to analyse the causes of, and outline and discuss the consequences of, economic instability.

Standard-setting body:

NZQA National Qualifications Services

Investigate the causes and discuss the consequences of exchange rate movement
This standard has expired and is no longer available.

Version 6

8422 Unit Standard 2 Credits

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People credited with this unit standard are able to identify and analyse the causes of, and discuss the consequences of, exchange rate movement.

Standard-setting body:

NZQA National Qualifications Services

Explain and evaluate arguments for and against free trade and trade restrictions
This standard has expired and is no longer available.

Version 6

8423 Unit Standard 2 Credits

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People credited with this unit standard are able to explain and illustrate, and evaluate, the arguments for and against free trade and trade restrictions.

Standard-setting body:

NZQA National Qualifications Services

Examine a contemporary economic issue
This standard has expired and is no longer available.

Version 6

8424 Unit Standard 2 Credits

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

Standard-setting body:

NZQA National Qualifications Services

Level 6

Investigate equilibrium and disequilibrium in the markets for goods and money using the IS-LM model
This standard has expired and is no longer available.

Version 4

11052 Unit Standard 3 Credits

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People credited with this unit standard are able to: describe and analyse the economic relationships represented by the IS-LM model; construct and explain equilibrium in the IS-LM model; and analyse the impact of fiscal and monetary policy using the IS-LM model.

Standard-setting body:

NZQA National Qualifications Services

Investigate theories of aggregate supply
This standard has expired and is no longer available.

Version 4

11053 Unit Standard 3 Credits

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People credited with this unit standard are able to: analyse and compare theories of aggregate supply; investigate the Phillips curve relationship; analyse economic policy decisions using the Philips curve relationship; and describe recent developments in the theory of aggregate supply.

Standard-setting body:

NZQA National Qualifications Services

Investigate the role of economic stabilisation policy
This standard has expired and is no longer available.

Version 4

11054 Unit Standard 3 Credits

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People credited with this unit standard are able to analyse and discuss approaches to economic policy formulation, and analyse and discuss difficulties associated with economic policy formulation.

Standard-setting body:

NZQA National Qualifications Services

Investigate the open economy in the short run
This standard has expired and is no longer available.

Version 4

11055 Unit Standard 4 Credits

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People credited with this unit standard are able to: construct and describe the Mundell-Fleming model; analyse the impact of fiscal policy in a small open economy operating with floating exchange rates using the Mundell-Fleming model; analyse the impact of monetary policy in a small open economy operating with floating exchange rates; analyse the impact of monetary and fiscal policy on a small open economy operating with fixed exchange rates using the Mundell-Fleming model; and compare the advantages of fixed and floating exchange rate regimes.

Standard-setting body:

NZQA National Qualifications Services

Investigate the nature and causes of unemployment and associated economic policy
This standard has expired and is no longer available.

Version 4

11056 Unit Standard 3 Credits

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People credited with this unit standard are able to: describe the determinants of the natural rate of unemployment; investigate frictional unemployment and discuss the impact of government policy on frictional unemployment; analyse real-wage rigidity and its impact on unemployment; and describe minimum-wage legislation, efficiency wages, and monopoly-union power, and analyse the relationship they have with real-wage rigidity and unemployment.

Standard-setting body:

NZQA National Qualifications Services

Data as at 28 January 2022