91227 Achievement Standard Economics

TaskResearch and analyse at least three sustainablegrowth policies. Note: If policies have negative flow-on effects on inflation and/or employment, you must include additional policies that will minimise the negative effects without dramatically affecting the economic growth goal.Include the following elements in your analysis.ï‚·An explanation of sustainable economic growth.ï‚·An economic analysis for EACH of the economic growth policies that:–illustrates the effect of the policy on an appropriate economic model, for example, AS/AD–explains how the policy will impact on economic growth (now and sustainably into the future)–integrates the changes shown on the economic model into explanations about the policy.ï‚·Identify the flow on effects of your chosen policies on 2 or more other economic issues. These issues can be selected from:  inflation, unemployment, the environment. oAn economic analysis for inflation that:–illustrates the combined flow-on effects, on inflation, of your growth policies using an appropriate economic model–explains how the policies will impact on inflation–integrates changes shown on the economic model into explanations about the flow-on effects on inflation.For excellence: If the growth policies have a negative effect(s) on inflation, identify and fully explain a policy that could be added that would minimise the negative effect(s) without significantly affecting the growth objective.oAn economic analysis for employment that:–illustrates the combined flow-on effects, on employment, of your growth policies using an appropriate economic model–explains how the policies will impact on employment–integrates changes shown on the economic model into explanations about the flow-on effects on employment.For excellence: If the growth policies have a negative effect(s) on employment, identify and fully explain a policy that could be added that would minimise the negative effect(s) without significantly affecting the growth objective.ï‚·A summary of your analysis. Using economic model(s), fully explain how the combination of government policies will achieve the assessment goal of significant andsustainable economic growth, and minimise any negative flow-on effects on inflation and employmen