Qualifications and standards

Review of Micro and Macro Economics unit standards 2019

Review of Micro and Macro Economics

In July 2019, 13 Micro Economics and Macro Economics standards were reviewed and, due to low usage, the standards were designated to be expired without replacement. The last date for assessment to take place is 31 December 2021.  

The expired standards are as follows:

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

Feedback

Please send any comments and/or feedback regarding these standards to nqs@nzqa.govt.nz.

 
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