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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), and fiscal policy and the appropriate role of government.
|Paper title||Principles of Macroeconomics|
|Teaching period||Second Semester|
|Domestic Tuition Fees (NZD)||$872.70|
|International Tuition Fees (NZD)||$4,405.05|
- Pre or Corequisite
- BSNS 104 or 113
- ECON 102, ECON 212, MANV 201
- Schedule C
- Arts and Music, Commerce, Science
- Students with appropriate NCEA results may apply to the Department of Economics to have the prerequisite waived.
- More information link
- View more information about ECON 112
- Teaching staff
Principles of Economics 6th ed.,by Gans et al, Cengage Learning, 2015
- Graduate Attributes Emphasised
- Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship,
Communication, Critical thinking, Environmental literacy, Information literacy, Research,
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.