Analyse economic growth using economic concepts and models
You need to explain what economic growth is and why it changes, using real economic models and concepts. Then you describe how these changes affect different people and groups in New Zealand, showing you understand both the causes of growth and who wins or loses from it.
You attempt all questions, correctly use and explain at least one economic model to show causes or impacts, and identify how economic growth affects different groups.
You answer all parts thoroughly, make specific references to your economic models by name and their features, and explain impacts on multiple groups or compare different measures of growth like GDP versus net social welfare.
You explain in depth using detailed analysis of multiple economic models, compare or contrast different causes or impacts of growth, integrate model changes into explanations, and make clear judgements about which effects are more significant.
Standards typically taken alongside or after this one. Same subject, grouped by level.