Analyse unemployment using economic concepts and models.

Achievement Criteria

• identifying, defining or describing unemployment concepts
• providing an explanation of causes of changes in unemployment using economic models
• providing an explanation of the impacts of changes in unemployment on various groups in New Zealand society.

Analyse unemployment in depth involves:

• providing a detailed explanation of causes of changes in unemployment using economic models
• providing a detailed explanation of the impacts of changes in unemployment on various groups in New Zealand society.

Analyse unemployment comprehensively involves:

• analysis of causes of changes in unemployment by comparing and/or contrasting their impact on unemployment
• analysis of the impacts of changes in unemployment by comparing and/or contrasting the impact on various groups in New Zealand society
• analysis by integrating changes shown on economic models into detailed explanations.
• Unemployment in this achievement standard refers to the issues associated with changes in the levels of employment and/or unemployment.

Economic concepts are selected from:

• different definitions of full employment and unemployment
• types of involuntary unemployment.

Economic Models are selected from:

• the supply and demand in the labour market
• production possibility frontier
• the Aggregate Supply and Aggregate Demand (AS/AD) model (an understanding of how to derive the AS and AD curves is not required).