Domain - Micro Economics
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| 0 Qualifications | 3 Assessment Standards (3 Units) | View Education Organisations with Consent to Assess |
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Assessment Standards
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Level 4
Investigate the concepts of production and specialisation using economic principles
This standard has expired and is no longer available.
Version 4
8409 Unit Standard 2 Credits
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People credited with this unit standard are able to demonstrate and explain the concepts of opportunity cost, choice, and allocative efficiency using economic principles, and demonstrate and evaluate specialisation using economic principles.
Standard-setting body:
Analyse and explain short-run and long-run costs of production using economic principles
This standard has expired and is no longer available.
Version 4 This unit standard, unit standard 8413 and unit standard 8414 have been replaced by unit standard 26012.
8412 Unit Standard 2 Credits
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People credited with this unit standard are able to analyse the behaviour of the short-run cost of production using economic principles, and analyse the relationship between cost and production in the long-run using economic principles.
Standard-setting body:
Investigate the development, structure, production economics, and market behaviour of an industry
This standard has expired and is no longer available.
Version 4
8427 Unit Standard 4 Credits
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People credited with this unit standard are able to: research the development of an industry; explain the current market structure and analyse the structural change of the industry; describe the production economics of the industry; and analyse the market behaviour of the industry.
Standard-setting body:
Data as at 02 October 2023