Skip to content

ACCY5106 – Economics

Print
Module code
ACCY5106
Module title
Economics
Prescription
The aim of this course is to develop the knowledge, skills, and competence to apply elements of economic theory to contemporary business issues.
Programmes
  • BI1401
  • BS7000
  • TP4775
NZQA Level
Level 5
NZQA Credits
15
Delivery method
  • Web-Supported
Learning hours
Total learning hours
150
Resources required
Learning Outcomes
1. Describe the fundamental principles of macro and microeconomics in the context of resource allocation.
2. Evaluate the impact of regulatory and political environments on economic participants and wider stakeholders.
3. Explain the characteristics and impact of different market structures.
Content
LO1
• Global economy
o business cycle
o aggregate supply and aggregate demand
o trade theory and Maori trade theory
o exchange rates
o foreign direct investment
• Market failure
o allocative efficiency
o externalities
o imperfect competition
o tragedy of the commons
o public goods, Maori ownership

LO2
• Government intervention
o equity
o taxes and subsidies
o property rights
o fiscal policy
o monetary policy
o trade agreements and Maori history
o market failure

LO3
• Economic Fundamentals
o scarcity and resource allocation
o market structures
o demand and supply and equilibrium
o market failure
Teaching and Learning Strategy
All learning and teaching activities as described in the approved programme and delivery documents are enabled for this course unless specified.
Basic of Assessment
Assessment in this course employs an achievement-based grading scheme. Learners will be advised of all matters relating to summative assessment prior to the start of the course.
Assessment Criteria
The portfolio is comprised of multiple components. Learners need to provide sufficient evidence against all learning outcomes and gain an overall mark of at least 50% in order to pass this module.

(A minimum of 50% of the portfolio assessment activities will be controlled (supervised/observed)
Learning and Teaching Resource
All required and recommended resource are provided to learners via course outlines.

Wintec is part of Te Pūkenga - New Zealand Institute of Skills and Technology Learn More

Learn with purpose

Explore Te Pūkenga

Te Kāwanatanga o Aotearoa - New Zealand Government

Te Kāwanatanga o Aotearoa - New Zealand Government

Copyright © 2022 Wintec