Overview
Introduction to analysing the economy as a whole. Topics include the determination of national income, unemployment, inflation, interest rates and the exchange rate, as well as monetary and fiscal policy.
Follows on from BSNS 113 and extends the analysis of market economies in New Zealand and international contexts. Topics include: economic growth, business cycles, monetary policy and the role of the Reserve Bank, the global financial crisis (GFC), the impact of COVID-19 on the economy and fiscal policy and the appropriate role of government.
About this paper
| Paper title | Principles of Macroeconomics |
|---|---|
| Subject | Economics |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 2 (On campus) |
| Domestic Tuition Fees ( NZD ) | $1,053.30 |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Pre or Corequisite
- One of BSNS 104, 113 or PTWY 111
- Restriction
- ECON 102, ECON 212, MANV 201
- Schedule C
- Arts and Music, Commerce, Science
- Notes
- Students with appropriate NCEA results may apply to the Department of Economics to have the prerequisite waived.
Students who have been exempted from BSNS113 on the basis of appropriate NCEA results should request Special Permission to add ECON112. - Contact
- economics@otago.ac.nz
- More information link
- View more information about ECON 112
- Teaching staff
Co-ordinator and lecturer: Dr Viktoria Kahui
Lecturer: Terry Kerr- Textbooks
Principles of Economics 7th ed., by Gans et al, Cengage Learning, 2018.
- Graduate Attributes Emphasised
- Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship, Communication, Critical thinking, Environmental literacy, Information literacy, Research, Self-motivation
View more information about Otago's graduate attributes - Learning Outcomes
Students who successfully complete this paper will gain an understanding of economic principles and models and their application to real-world issues.