ACCY5106

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.

ACCY5106 – Economics