AS 91403: Demonstrate understanding of macro-economic influences on the New Zealand economy (3.5)
1. Macroeconomics – overview
2. The circular flow model
3. Aggregate demand and aggregate supply
4. The AD/AS model
5. Households and consumption spending (C)
6. Firms and investment spending (I)
7. The business cycle and government spending (G)
8. Exchange rates and the TWI
9. Net exports (X - M) and the current account
10. Terms of trade and the current account
11. The multiplier
12. Monetary policy
13. Fiscal policy
14. Supply-side policy
15. Free trade