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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
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.

Timetable

Semester 2

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Aoroa

Lecture

Stream Days Times Weeks
Attend
A1 Monday 09:00-09:50 29-35, 37-42
Thursday 12:00-12:50 29-35, 37-42
Friday 10:00-10:50 29-33, 35, 37-42

Tutorial

Stream Days Times Weeks
Attend one stream from
A1 Monday 14:00-14:50 30-35, 37-42
A2 Tuesday 12:00-12:50 30-35, 37-42
A3 Thursday 13:00-13:50 30-35, 37-42
A4 Friday 16:00-16:50 30-35, 37-42
A5 Wednesday 12:00-12:50 30-35, 37-42
A6 Monday 15:00-15:50 30-35, 37-42
A7 Friday 13:00-13:50 30-35, 37-42
A8 Friday 14:00-14:50 30-35, 37-42
A9 Wednesday 10:00-10:50 30-35, 37-42
A10 Wednesday 15:00-15:50 30-35, 37-42
A11 Tuesday 15:00-15:50 30-35, 37-42
A12 Thursday 09:00-09:50 30-35, 37-42
A13 Thursday 16:00-16:50 30-35, 37-42
A14 Monday 10:00-10:50 30-35, 37-42
A15 Tuesday 16:00-16:50 30-35, 37-42

Terms Test (Streamed)

Stream Days Times Weeks
Attend
A1 Friday 10:00-10:50 34

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 Tuition Fees for 2027 have not yet been set
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
Teaching staff

Co-ordinator and Lecturer:  Associate Professor 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.
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.

Timetable

Semester 2

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Aoroa

Lecture

Stream Days Times Weeks
Attend
A1 Wednesday 14:00-14:50 28-34, 37-41
Thursday 12:00-12:50 28-34, 37-41
Friday 10:00-10:50 28-34, 37-41

Tutorial

Stream Days Times Weeks
Attend one stream from
A1 Wednesday 10:00-10:50 29-34, 37-41
A2 Friday 12:00-12:50 29-34, 37-41
A3 Thursday 15:00-15:50 29-34, 37-41
A4 Wednesday 12:00-12:50 29-34, 37-41
A5 Tuesday 13:00-13:50 29-34, 37-41
A6 Thursday 13:00-13:50 29-34, 37-41
A7 Monday 15:00-15:50 29-34, 37-41
A8 Friday 14:00-14:50 29-34, 37-41
A9 Tuesday 12:00-12:50 29-34, 37-41
A10 Thursday 14:00-14:50 29-34, 37-41
A11 Tuesday 10:00-10:50 31-34, 37-41
A12 Tuesday 16:00-16:50 31-34, 37-41
A13 Friday 16:00-16:50 31-34, 37-41
A14 Thursday 10:00-10:50 31-34, 37-41

Terms Test (Streamed)

Stream Days Times Weeks
Attend one stream from
A1 Wednesday 19:00-19:50 38
A2 Wednesday 19:00-19:50 38
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