Subfield | Domain | ID |
Economic Theory and Practice | Macro Economics | 8417-8424 |
Micro Economics | 8415, 8416, 26010, 26011, 26012 |
NZQA National Qualifications Services has completed the revision and rollover of the unit standards listed above.
These economics unit standards, all at level 5, have had their currency extended pending a full review, planned for 2019.
Last date for assessment of previous versions has been set at 2016.
References were updated to accept subsequent editions to those specified.
Corrections and minor editing improvements.
Social Sciences > Economic Theory and Practice > Macro Economics
ID | Title | Level | Credit |
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 |
Social Sciences > Economic Theory and Practice > Micro Economics
ID | Title | Level | Credit |
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 |
ID | Title | Level | Credit |
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 |