NZQA registered unit standard 8424 version 5
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Title
Level
Purpose
Examine a contemporary economic issue
5 Credits 2
People credited with this unit standard are able to research and analyse a contemporary economic issue.
Classification
Available grade
Entry information
Economic Theory and Practice > Macro Economics
Achieved
Recommended skills and knowledge
Unit 8418, Investigate macroeconomic activity using the aggregate demand/aggregate supply model ; Unit 8419,
Demonstrate knowledge of fiscal policy and evaluate its effectiveness ; and Unit 8420, Demonstrate knowledge of monetary policy and evaluate its effectiveness ; or demonstrate equivalent knowledge and skills.
Explanatory notes
None.
Outcome 1
Research a contemporary economic issue.
Range either national and/or international.
Evidence requirements
1.1 The research establishes the economic variables associated with the issue.
Range variables may include – macroeconomic, microeconomic, both macroeconomic and microeconomic.
1.2 The research establishes facts or evidence relevant to the issue.
NZQA National Qualifications Services
SSB Code 130301

New Zealand Qualifications Authority 2020

NZQA registered unit standard 8424 version 5
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Outcome 2
Analyse a contemporary economic issue.
Evidence requirements
2.1 The analysis, using economic models, examines the economic issue in terms of its possible influence upon economic variables, in the short-run and long-run.
2.2 The analysis produces conclusions which are consistent with the model used.
Planned review date 31 December 2019
Status information and last date for assessment for superseded versions
Process Version Date Last Date for Assessment
Registration
Revision
1
2
29 October 1996
21 July 1999
31 December 2016
31 December 2016
Revision
Review
3
4
14 September 2005
16 October 2009
31 December 2016
31 December 2016
Rollover and
Revision
5 16 April 2015 N/A
Consent and Moderation Requirements (CMR) reference 0116
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do
.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA, before they can report credits from assessment against unit standards or deliver courses of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and which are assessing against unit standards must engage with the moderation system that applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing to develop education and training programmes, such as minimum qualifications for tutors and assessors, and special resource requirements.
NZQA National Qualifications Services
SSB Code 130301

New Zealand Qualifications Authority 2020

NZQA registered unit standard 8424 version 5
Page 3 of 3
Comments on this unit standard
Please contact NZQA National Qualifications Services nqs@nzqa.govt.nz
if you wish to suggest changes to the content of this unit standard.
NZQA National Qualifications Services
SSB Code 130301

New Zealand Qualifications Authority 2020