Economics 2

Economics (NZ Context): This course covers the principles of microeconomics and macroeconomics within New Zealand's unique economic environment. Topics include the structure of New Zealand’s economy, market behavior, international trade (including NZ’s reliance on exports), and the impact of government policies on the local economy.

1. Unemployment in New Zealand: Focuses on the causes and types of unemployment in NZ, including frictional, structural, and cyclical unemployment. It explores the factors driving NZ's relatively low unemployment rate, the role of the Reserve Bank of New Zealand in addressing economic fluctuations, and government programs such as Work and Income. The course also examines how unemployment impacts different demographics, including Māori, Pasifika, and youth populations.

2. Government Policy in New Zealand: This course looks at New Zealand’s fiscal and monetary policies, the role of the Treasury, and the Reserve Bank of New Zealand (RBNZ) in shaping economic outcomes. It discusses government responses to economic crises, including the COVID-19 pandemic, and policy approaches to social welfare, housing affordability, and climate change. The course also evaluates the political economy of New Zealand, examining the relationship between government, business, and the wider public.

3. Inflation in New Zealand: Analyzes the causes and consequences of inflation in NZ, with a particular focus on the role of the RBNZ in managing inflation through interest rates and monetary policy. Topics include the structure of New Zealand’s inflationary pressures, including external factors like commodity prices and exchange rates, and the trade-off between controlling inflation and supporting economic growth.

4. Economic Growth in New Zealand: Focuses on the drivers of long-term economic growth in NZ, including productivity growth, innovation, infrastructure investment, and human capital development. The course examines the role of key industries such as agriculture, tourism, and technology in economic growth, as well as policies aimed at increasing sustainability, reducing inequality, and promoting regional development.

These courses reflect how New Zealand's economy is shaped by both domestic factors and global influences, with an emphasis on policy solutions tailored to its unique challenges and opportunities.

• The workbook is highly recommended  to support the learning for this course.

Further Assessment Opportunities (FAO)?  

There are no FAO in Level 2 Economics.   

Resubmission 

Resubmission will only be allowed where a student has gained a "Non-Achieved" grade.  This opportunity would enable a student to gain an Achieved grade only.