Qualifications and standards

Review of Micro and Macro Economics unit standards 2019

Proposed expiry

NZQA National Qualification Services (NQS) has reviewed the usage of the 13 Micro Economics and Macro Economics unit standards, at Level 5, currently listed on the Directory of Assessment Standards (DAS).

NQS found little evidence to support retaining them and is proposing to expire them without replacement.

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

Expiry of the standards is proposed as their usage has been dropping steadily over the last five years. In addition, all the providers currently using the standards have indicated they will not be using them in the future.

Feedback

Please send any comments and/or feedback on this proposal to nqs@nzqa.govt.nz by Friday, 24 May 2019.

 
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