91403 Macro-economic Forces on the New Zealand Economy - School Use

What you'll learn

In this course you’ll learn what you need to know to meet NCEA Level 3 Economics Achievement Standard 91403 (Economics 3.5): Demonstrate understanding of macro-economic influences on the New Zealand economy (6 credits, version 2).

This course is divided into seven sections:

1. Macro-economic goals of government

In this section you’ll use the circular flow model to examine how the economy works. You’ll also learn about a range of macro-economic goals the government sets for the New Zealand economy.

2. Gross domestic product and the business cycle

In this section you’ll learn how to measure economic growth using gross domestic product (GDP). You’ll also use the business (trade) cycle to show how economic activity can change over time.

3. Aggregate demand and supply

In this section you’ll learn about the aggregate demand and supply model and the multiplier effect.

4. Fiscal policy

In this section you’ll understand how the government uses fiscal policy to help achieve its macro-economic goals.

5. Balance of payments and exchange rates

In this section you’ll learn about the components of the balance of payments and the foreign exchange market model.

6. Monetary policy

In this section you’ll learn how the government uses monetary policy to help achieve its macro-economic goals.

7. Bring it all together

Finally, you’ll bring everything you’ve learned together in this section. You’ll practise using your new skills and knowledge to assess the impacts of events, and changes in government policies, on the New Zealand economy.

LearnWell Digital resources bring you the same great learning as in our books - but in an interactive digital format. They are accessed by using the iQualify online learning platform, where you'll find all your digital resources together in one place. 

You can find out more on the information page about our LearnWell Digital resources.