Mātauranga Māori constitutes concepts and principles that are richly detailed, complex, and fundamental to Māoridom. It is important to remember that the practice of these are wider and more varied than their use within the proposed NCEA Achievement Standards and supporting documentation.

We also recognise that the cultures, languages, and identities of the Pacific Islands are diverse, varied, and unique. Therefore the Pacific concepts, contexts, and principles that have been incorporated within NCEA Achievement Standards may have wide-ranging understandings and applications across and within the diversity of Pacific communities. It is not our intention to define what these concepts mean but rather offer some ways that they could be understood and applied within different subjects that kaiako and students alike can explore.

The intent of the Standard

The purpose of this Achievement Standard is for ākonga to show an understanding of financial interdependence and how two-way relationships exist and work within the economy.

Ākonga will look at a range of interdependent financial relationships and learn how an event, for example a change in market conditions, a cultural event, or a natural event, can have direct effects and flow-on impacts on entities and these relationships. Ākonga can explore how government impacts interdependent financial relationships through factors such as minimum wage, welfare payments, taxes, relevant consumer legislation, and health and safety.

Building on this knowledge, ākonga will discuss the implications of these effects and impacts for the entities and their interdependent financial relationships.

Making reliable judgements

Ākonga who achieve this Achievement Standard will be able to describe the ways in which a network of connected entities are mutually dependent on one another. Their understanding of financial interdependence will be demonstrated by an awareness of how an event and its direct effects can impact entities and these relationships.

At higher levels of achievement, ākonga will exhibit an increasing awareness of the ripple effects of an event and how they are felt by the entire financial network. An event may only directly affect one entity. However, the flow-on effects could impact other entities and their interdependent financial relationships, in turn impacting their customers and stakeholders. Ākonga will be able to justify a decision that needs to be made by an entity in response to these impacts. They will point to where an improved outcome may be found for the interdependent financial relationships, and discuss what that might look like in terms of the consequences for the entities involved.

Collecting evidence

Assessment will follow a teaching and learning programme that provides ākonga with the opportunity to explore Significant Learning and gain the understanding they need for this Achievement Standard.

Throughout the year, ākonga should be given opportunities to demonstrate understanding of entities with interdependent financial relationships.

Possible contexts

This Achievement Standard may draw from any number of contexts centred on complex financial exchanges. The contexts will involve a diverse mix of financial entities. and ākonga should be comfortable exploring a range of interdependent financial relationships. These relationships may be between organisations such as whānau, or iwi, local or central government, clubs, businesses, charities, and financial institutions such as banks. Relationships may also be explored between these organisations and their consumers, clients, and stakeholders.

Standard Exclusions

This Standard has one or more exclusions, or Standards that assess the same or similar learning. These Standards are excluded against one another to prevent assessing the same learning twice. You can only use credits gained from one of these standards towards your NCEA qualification.

Find out more about the NCEA Level 1 Exclusions List.

Literacy and Numeracy Requirements

This Achievement Standard has been approved for literacy in the transition period (2024-2027). 

Full information on the co-requisite during the transition period: Standards approved for NCEA Co-requisite during the transition period (2024-2027).