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Study Economics at Otago

Economics provides a framework for thinking about almost everything.

Economics is about choice and is at the heart of decision making. Governments, businesses and individuals are all faced with making choices in situations where resources are scarce.

Not just a subject, but a way of thinking, Economics applies to business, finance, administration, law, local and national government, and most aspects of everyday life. It provides a logical way of looking at a variety of issues.

Economics examines topics important to human well-being such as unemployment, economic growth, inflation, poverty, distribution of income, and resource allocation in areas such as education, health, business and the environment.

Apply for the Bachelor of Arts (BA) through the Dunedin campus in 2021

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Apply for the Bachelor of Arts and Commerce (BACom) through the Dunedin campus in 2021

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Apply for the Bachelor of Arts and Science (BASc) through the Dunedin campus in 2021

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Apply for the Bachelor of Arts with Honours (BA(Hons)) through the Dunedin campus in 2021

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Apply for the Bachelor of Commerce (BCom) through the Dunedin campus in 2021

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Apply for the Bachelor of Commerce and Science (BComSc) through the Dunedin campus in 2021

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Apply for the Bachelor of Commerce with Honours (BCom(Hons)) through the Dunedin campus in 2021

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Apply for the Bachelor of Science (BSc) through the Dunedin campus in 2021

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Apply for the Bachelor of Science with Honours (BSc(Hons)) through the Dunedin campus in 2021

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Apply for the Diploma for Graduates (DipGrad) through the Dunedin campus in 2021

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Apply for the Postgraduate Diploma in Arts Subjects (PGDipArts) through the Dunedin campus in 2021

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Apply for the Postgraduate Diploma in Commerce (PGDipCom) through the Dunedin campus in 2021

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Apply for the Postgraduate Diploma in Science (PGDipSci) through the Dunedin campus in 2021

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Why study Economics?

Economics is an exciting, dynamic, contemporary field. Economics affects everyone and applies to a range of disciplines including business, politics, history, law, health sciences and biotechnology. It deals with unemployment, economic growth, inflation, poverty, income, resource allocation, the environment, and international trade. You name the field, Economics plays a part.

Studying Economics teaches you how to examine people’s ideas and come to your own soundly-based conclusions. No matter what career you’re aspiring to, you will find Economics invaluable.

Teaching style

Each paper is taught in a lecture format and most papers include weekly tutorials where you’ll have the opportunity to discuss the lecture topics in more detail. Just like at secondary school, assessment will include assignments, tests, essays and e

Career opportunities

Graduates work in large industrial and commercial firms and many different branches of the public sector, including:

  • Ministries of Economic Development, Foreign Affairs and Trade, and Health
  • Reserve Bank
  • Treasury
  • Statistics New Zealand
  • Departments of Labour and Internal Affairs
  • local government and planning authorities
  • banks and financial institutions

Some work with health providers, research bureau and management consultancies, while others have careers in universities, other tertiary institutions and secondary schools.

Background required

There are no prerequisite subjects to study Economics – you don’t even have to have studied Economics at school. However, you might find English, Mathematics or Statistics useful subjects to study – especially if you want to major in Economics.

Qualifications

Explore your study options further. Refer to enrolment information found on the following qualification pages.

Programme requirements

Bachelor of Arts (BA) majoring in Economics

Level Papers Points
100-level

BSNS 113  Economic Principles and Policy

ECON 112  Principles of Macroeconomics

18

18

200-level

ECON 201  Microeconomics, or ECON 271  Intermediate Microeconomic Theory

ECON 202  Macroeconomics

One further 200-level ECON paper

18

18

18

300-level Four 300-level ECON papers 72
Plus

198 further points; must include 54 points at 200-level or above.

Up to 90 points may be taken from outside Arts

198
Total   360

Bachelor of Arts with Honours (BA(Hons)) in Economics

Papers
  • ECON 480  Dissertation

  • Four of the following, including at least one of ECON 410 and 411, and at least one of ECON 412 and 413:
    • ECON 402  Growth, Institutions and Development
    • ECON 403  Monetary Economics
    • ECON 404  International Economics
    • ECON 405  The Economics of Natural Resources and Public Choice
    • ECON 406  Labour and Population Economics
    • ECON 407  Special Topics in Advanced Economics
    • ECON 410  Advanced Microeconomic Theory
    • ECON 411  Advanced Macroeconomic Theory
    • ECON 412  Macroeconomics
    • ECON 413  Microeconomics

    Prerequisites:
    ECON 375  Econometrics
    ECON 377  Mathematical Economics
    two further 300-level ECON paper
    one further 300-level paper

Postgraduate Diploma in Arts Subjects (PGDipArts) in Economics

Papers

Prerequisites:
ECON 375  Econometrics
ECON 377  Mathematical Economics

Master of Arts (Thesis) (MA(Thesis)) in Economics

Thesis
  • Thesis: ECON 5

Note: Students who have not completed a Bachelor of Arts (BA(Hons)) in Economics or a Postgraduate Diploma in Arts Subjects (PGDipArts) in Economics must complete the required papers for the BA(Hons) in Economics prior to undertaking the thesis.

Bachelor of Commerce (BCom) majoring in Economics

Level Papers Points
100-level

BSNS 113  Economic Principles and Policy

ECON 112  Principles of Macroeconomics

BSNS 111 Business and Society, BSNS 112 Interpreting Business Data, BSNS 114 Financial Decision Making, BSNS 115 Accounting and Information Systems – must normally be taken in first year of study

18

18

72

200-level

ECON 201 Microeconomics, or ECON 271  Intermediate Microeconomic Theory

ECON 202  Macroeconomics

One further 200-level ECON paper

18

18

18

300-level Four 300-level ECON papers 72
Plus

126 further points; must include 54 points at 200-level or above.Up to 90 points may be taken from outside Commerce.

126
 

Every programme must include BSNS 111-115. At least three of these papers must be passed before enrolling in any 200-level Commerce paper, and all must be passed before enrolling in any 300-level Commerce paper. For single-degree BCom students, all five must be attempted in the first year of study or equivalent.

STAT 110 or STAT 115 will be accepted as an alternative to BSNS 112 as a required paper or as part of the major subject requirements or as a prerequisite when:
(a) the paper has been passed before the student has enrolled for a BCom degree; or
(b) a student is enrolling for both a BCom and another degree for which STAT 110 or STAT 115 is required.

Total   360

Bachelor of Commerce with Honours (BCom(Hons)) in Economics

Papers
  • ECON 480  Dissertation

  • Four of the following papers, including at least one of ECON 410 and ECON 411, and at least one of ECON 412 and ECON 413:
    • ECON 402  Growth, Institutions and Development
    • ECON 403  Monetary Economics
    • ECON 404  International Economics
    • ECON 405  The Economics of Natural Resources and Public Choice
    • ECON 406  Labour and Population Economics
    • ECON 407  Special Topic in Advanced Economics
    • ECON 410  Advanced Microeconomic Theory
    • ECON 411  Advanced Macroeconomic Theory
    • ECON 412  Macroeconometrics
    • ECON 413  Microeconometrics

    Prerequisites:
    ECON 375  Econometrics
    ECON 377  Mathematical Economics
    two further 300-level ECON papers
    18 further 300-level points

Postgraduate Diploma in Commerce (PGDipCom) in Economics

Papers

Master of Commerce (MCom) in Economics

Thesis
  • Thesis: ECON 5

Note: The MCom in Economics can be pursued by a combination of papers and thesis, or by thesis only. Students who have a good Bachelor's degree (or equivalent qualification) will complete the MCom by papers and thesis (at least two years' full-time study). The first year consists of a selection of papers worth 144 points, leading to a Postgraduate Diploma in Commerce (PGDipCom). Students who have a good Honours degree or a PGDipCom (or equivalent qualification) can complete an MCom by thesis only (minimum one year).

Bachelor of Science (BSc) in Economics

Level Papers Points
100-level

BSNS 113  Economic Principles and Policy

ECON 112  Principles of Macroeconomics

MATH 160  Mathematics 1

STAT 110  Statistical Methods

18

18

18

18

200-level

ECON 202  Macroeconomics

ECON 210  Introduction to Econometrics

ECON 271  Intermediate Microeconomic Theory

18

18

18

300-level

Four 300-level ECON papers

72

Plus

162 further points; must include 54 points at 200-level or above.

Up to 90 points may be taken from outside Science

162
Total   360

Bachelor of Science with Honours (BSc(Hons)) in Economics

Papers

Prerequisites:
ECON 375  Econometrics
ECON 377 Mathematical Economics
Two further 300-level ECON papers
18 further 300-level points

Postgraduate Diploma in Science (PGDipSci) in Economics

Papers

Master of Science (MSc) in Economics

Papers and Thesis

Minor subject requirements

Economics as a minor subject for a BA, MusB, BPA, BTheol, BSc, BAppSc, BCom, BHealSc, or BASc degree

Available as a minor subject for a Bachelor of Arts (BA), Bachelor of Music (MusB), Bachelor of Performing Arts (BPA), Bachelor of Theology (BTheol), Bachelor of Science (BSc), Bachelor of Applied Science (BAppSc), Bachelor of Commerce (BCom), Bachelor of Health Science (BHealSc), or Bachelor of Arts and Science (BASc) degree

Level Papers Points
100-level

BSNS 113  Economic Principles and Policy

ECON 112  Principles of Macroeconomics

18

18

200-level

Two 200-level ECON papers, including at least one of:
ECON 201 Microeconomics
ECON 202 Macroeconomics
ECON 271 Intermediate Microeconomic Theory

36
300-level One 300-level ECON paper

18

Total   90

Papers

Paper code Year Title Points Teaching period
ECON112 2020 Principles of Macroeconomics 18 points Second Semester
ECON201 2020 Microeconomics 18 points First Semester
ECON202 2020 Macroeconomics 18 points Second Semester
ECON206 2020 The World Economy 18 points Second Semester
ECON207 2020 Environmental Economics 18 points First Semester
ECON210 2020 Introduction to Econometrics 18 points First Semester
ECON271 2020 Intermediate Microeconomic Theory 18 points First Semester
ECON301 2020 Labour Economics 18 points Not offered in 2020
ECON302 2020 International Trade 18 points Second Semester
ECON303 2020 Economics of Developing Countries 18 points First Semester
ECON306 2020 Economics of Health and Education 18 points Second Semester
ECON308 2020 Public Economics 18 points Second Semester
ECON316 2020 Open Economy Macroeconomics 18 points First Semester
ECON317 2020 Urban and Regional Economics 18 points First Semester
ECON318 2020 Behavioural Economics 18 points First Semester
ECON319 2020 Game Theory 18 points Second Semester
ECON350 2020 Special Topic 18 points Not offered in 2020
ECON351 2020 Special Topic: Economics of Households and Wellbeing 18 points Second Semester
ECON371 2020 Microeconomic Theory 18 points Second Semester
ECON375 2020 Econometrics 18 points Second Semester
ECON376 2020 Macroeconomic Theory 18 points First Semester
ECON377 2020 Mathematical Economics 18 points Second Semester
ECON402 2020 Growth, Institutions and Development 20 points Not offered in 2020
ECON403 2020 Monetary Economics 20 points Second Semester
ECON404 2020 International Economics 20 points Not offered in 2020
ECON405 2020 The Economics of Natural Resources and Public Choice 20 points Not offered in 2020
ECON406 2020 Labour and Population Economics 20 points Not offered in 2020
ECON407 2020 Topics in Advanced Economics 20 points Second Semester
ECON410 2020 Advanced Microeconomic Theory 20 points Second Semester
ECON411 2020 Advanced Macroeconomic Theory 20 points First Semester
ECON412 2020 Macroeconometrics 20 points First Semester
ECON413 2020 Microeconometrics 20 points First Semester
ECON480 2020 Dissertation 40 points Full Year
ECON485 2020 Master's Thesis Preparation 20 points First Semester, Second Semester, Full Year
ECON492 2020 Dissertation for Philosophy, Politics and Economics 60 points Full Year
ECON580 2020 Research Dissertation 60 points First Semester, Second Semester, 1st Non standard period, 2nd Non standard period, 3rd Non standard period

Key information for future students

Contact us

Department of Economics
Otago Business School

Email economics@otago.ac.nz
Web otago.ac.nz/economics