Analyse unemployment using economic concepts and models
You need to analyse how unemployment works using economic concepts and models — specifically looking at why unemployment changes, what causes those changes, and who in New Zealand society gets affected by them. You'll use models like supply and demand in the labour market, production possibility frontiers, and the AS/AD model to explain these patterns.
You identify unemployment concepts, explain some causes of unemployment changes using at least one economic model, and describe impacts on some groups in NZ society.
You provide detailed explanations of both what causes unemployment to change AND who is affected by it, showing depth in how you apply the economic models to real situations.
You compare and contrast different causes of unemployment and their different impacts on different groups, and you integrate what the economic models show into your detailed explanations to make connections between the theory and real effects.
Standards typically taken alongside or after this one. Same subject, grouped by level.