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    Provides a working knowledge of macroeconomic theory and policy.

    In Macroeconomics, we seek to understand the overall economic performance of a nation or region. The purpose of this paper is to explore current macroeconomic ideas and theories and to learn how these concepts can be applied. Topics covered include: business cycles, saving and investment, unemployment and the labour market, money and inflation, fiscal policy, monetary policy, international trade and real exchange rate determination, economic growth and development and financial crises.

    About this paper

    Paper title Macroeconomics
    Subject Economics
    EFTS 0.15
    Points 18 points
    Teaching period Semester 2 (On campus)
    Domestic Tuition Fees ( NZD ) $937.50
    International Tuition Fees Tuition Fees for international students are elsewhere on this website.
    (BSNS 104 or BSNS 113) and ECON 112
    Schedule C
    Arts and Music, Commerce, Science
    Teaching staff

    Co-ordinator and lecturer: Dennis Wesselbaum
    Lecturer: Terry Kerr


    R. Dornbusch, (2017) Macroeconomics, 13th Edition, McGraw Hill.

    Graduate Attributes Emphasised
    Global perspective, Lifelong learning, Scholarship, Communication.
    View more information about Otago's graduate attributes.
    Learning Outcomes

    Topic-specific objectives: Students who successfully complete the paper will be able to:

    • Construct models of growth, inflation and business cycles and use these models to assess the state of the economy
    • Describe the impact of fiscal/monetary policies on the state of the economy (growth, inflation, business cycles)
    • Apply macroeconomic concepts in an employment context

    Discipline-specific objectives: This paper intends to develop skills and abilities related to continued success in the economics major/minor. These include:

    • Using advanced economic vocabulary and concepts effectively
    • Using formal models to support arguments and make predictions
    • Exhibiting basic knowledge about current controversies, topics of interest and data sources
    • Exhibiting competency in the use of conceptual skills (including macroeconomic modelling and interpretation of data, written and verbal communication and deductive/inductive reasoning)


    Semester 2

    Teaching method
    This paper is taught On Campus
    Learning management system


    Stream Days Times Weeks
    L1 Tuesday 14:00-14:50 29-35, 37-42
    Wednesday 14:00-14:50 29-35, 37-42
    Thursday 14:00-14:50 29-35, 37-42


    Stream Days Times Weeks
    Attend one stream from
    T1 Tuesday 13:00-13:50 30-35, 37-42
    T2 Tuesday 16:00-16:50 30-35, 37-42
    T3 Tuesday 17:00-17:50 30-35, 37-42
    T4 Thursday 13:00-13:50 30-35, 37-42
    T5 Thursday 16:00-16:50 30-35, 37-42
    T6 Friday 09:00-09:50 30-35, 37-42
    T7 Friday 15:00-15:50 30-35, 37-42
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