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Minor subject requirements: Economics

A Minor in Economics complements any degree

To fulfil the requirements for a Minor in Economics, you will need to complete the following papers:

100-level papers required

BSNS113 Economic Principles and Policy: (18 points)
Introduction to concepts central to understanding market economies, including allocation of scarce resources, consumer and business reactions to changing market conditions, and the application of economic principles to personal and business decision-making.
Have you ever stopped to wonder at how easy it is, given you have the cash or credit, to go out and buy almost anything you want? How is it that such a wide range of goods and services are produced in roughly the right amounts, often at surprisingly low cost, and then distributed to the people who want them? This paper builds an understanding of how, and how well, our market-oriented economy gets this done. We use a variety of simple yet revealing graphical models to study the mechanics of markets and the market system and to evaluate market outcomes. We identify factors that can inhibit markets functioning and evaluate public policies used to counteract these inhibitors, both in individual markets and in the macro economy. In particular, we study issues around international trade, business strategy, competition policy, the environment, taxation, and cycles in exchange, interest, unemployment and growth rates.

ECON112 Principles of Economics 2: (18 points)
Builds on the material in BSNS104/BSNS113, and extends the analysis of market economies and how they work in parts and as a whole, both in New Zealand and in international contexts. Topics covered include economic growth, labour markets, saving and capital formation, consumer choice, perfect competition, monopoly and other forms of imperfect competition, the economics of information, externalities, public goods and the appropriate role of government.

Take a look at the complete list of Economics 100-level papers.

200-level papers required

ECON201 Microeconomics: (18 points)
Provides a working knowledge of microeconomic theories with an emphasis on their application to business and public sector decision making.

OR

ECON271 Intermediate Microeconomic Theory *: (18 points)
Presents an analytic approach to intermediate microeconomics. The emphasis is on the fundamental conceptual foundations of microeconomics, illustrating their application with concrete examples.

OR

ECON202 Macroeconomics: (18 points)
Provides a working knowledge of macroeconomic theory and policy.

AND

ECON2XX Economics 200-level option**

Take a look at the complete list of Economics 200-level papers.

300-level papers required

ECON 3XX Economics 300-level option
18 points

Take a look at the complete list of Economics 300-level papers.

* To take ECON 271, you must have first passed FINQ 102 or an equivalent 100-level MATH paper (e.g. MATH 160).

** A second Economics 300-level option could be taken instead of this paper.