Question 1

What is NCEA AS 91224 about?

Accepted Answer

You need to explain what economic growth is and why it changes, using real economic models and concepts. Then you describe how these changes affect different people and groups in New Zealand, showing you understand both the causes of growth and who wins or loses from it.

Question 2

What do students need to do for AS 91224?

Accepted Answer

1. Identify and define economic growth concepts (like real GDP, productive capacity, or net social welfare) relevant to the question 2. Use economic models (circular flow, PPF, or AS/AD) to explain what causes economic growth to increase or decrease 3. Explain the impacts of economic growth changes on different groups in New Zealand society or the environment 4. Label and annotate your economic models correctly and refer to them in your written explanations 5. Use resource material and evidence as a starting point, not just repeat it back—add your own economic analysis

Question 3

What's the difference between Achieved, Merit, and Excellence for AS 91224?

Accepted Answer

Achieved: You attempt all questions, correctly use and explain at least one economic model to show causes or impacts, and identify how economic growth affects different groups. Merit: You answer all parts thoroughly, make specific references to your economic models by name and their features, and explain impacts on multiple groups or compare different measures of growth like GDP versus net social welfare. Excellence: You explain in depth using detailed analysis of multiple economic models, compare or contrast different causes or impacts of growth, integrate model changes into explanations, and make clear judgements about which effects are more significant.

Question 4

What mistakes do students typically make in AS 91224?

Accepted Answer

1. Just restating the resource material or context without adding your own economic explanation—the material is there to prompt your thinking, not to be repeated 2. Failing to label economic models properly or not referring back to what you've drawn when writing your explanation 3. Writing general statements instead of proper explanations (e.g., 'growth is good' instead of explaining *why* and *for whom*)

Economic growth

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