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ECON206 The World Economy

The development of the world economy and ways in which different economies impinge on each other. Provides a broad perspective on the structure of the world economy and an introduction to some important current issues.

This paper applies the economic theory covered in both BSNS 113 and ECON 112 to issues affecting the world economy, though some new models may also be introduced. More specifically, we shall examine the ideas and institutions that formed the world economy and explore major current issues affecting the world today. The topics are arranged into three main sections: core ideas and concepts, issues in international monetary relations and issues in international trade relations.

Paper title The World Economy
Paper code ECON206
Subject Economics
EFTS 0.15
Points 18 points
Teaching period Semester 2 (On campus)
Domestic Tuition Fees (NZD) $912.00
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

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(BSNS 104 or BSNS 113) and ECON 112
Schedule C
Arts and Music, Commerce, Science
Teaching staff

Co-ordinator and lecturer: Dr Arlene Ozanne
Lecturer: Professor Paul Hansen

Husted, S. and Melvin, M. (2013) International Economics (International Edition), 9th ed., Pearson.
Graduate Attributes Emphasised
Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship, Communication, Critical thinking, Cultural understanding, Ethics, Environmental literacy, Information literacy.
View more information about Otago's graduate attributes.
Learning Outcomes

Students who successfully complete this paper should have:

  • A general understanding of the international monetary system and international trade relations
  • Knowledge and appreciation of applying general micro- and macro- economic principles and theory in evaluating behaviour and interactions in our world of growing economic integration
  • Learned to analyse current issues and policy debates in this area and be able to assess and critique international monetary and trade policies from a more knowledgeable perspective

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Semester 2

Teaching method
This paper is taught On Campus
Learning management system


Stream Days Times Weeks
A1 Monday 15:00-15:50 28-34, 36-41
Wednesday 15:00-15:50 28-34, 36-41
Thursday 15:00-15:50 28-34, 36-41


Stream Days Times Weeks
Attend one stream from
A1 Monday 10:00-10:50 30, 32, 34, 37, 39-41
A2 Wednesday 11:00-11:50 30, 32, 34, 37, 39-41