The course develops a variety of microeconomic and macroeconomic principles to understand the operation of economic forces in New Zealand and around the world. It extends the analysis of market economies begun in BSNS 104 by exploring how incentives and budget constraints affect the choices people make and the ways markets function or fail. Microeconomic topics include the theory of consumer choice, game theory, the economics of information, the provision of public goods, and an introduction to environmental economics. Macroeconomic topics include economic growth and fluctuations, labour markets and inequality, monetary and fiscal policy, rational and “non-rational” expectations, and financial crises.
ECON 102, 212, MANV 201
Course Coordinator and Lecturer
Dr Andrew Coleman
Principles of Economics, University of Otago Custom Edition, by Mankiw et al, Cengage Learning, 2012
|Tests (maximum mark from two tests||25%|
|Tutorial assignments (5 x 1%)||5%|
|Final examination (3 hours)||70%|
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), and fiscal policy and the appropriate role of government.
|Paper title||Principles of Macroeconomics|
|Teaching period||Second Semester|
|Domestic Tuition Fees (NZD)||$846.30|
|International Tuition Fees (NZD)||$4,073.10|
- Pre or Corequisite
- BSNS 104 or BSNS 113
- ECON 212, ECON 102, MANV 201
- Schedule C
- Arts and Music, Commerce, Science
- Students with appropriate NCEA results may apply to the Department of Economics to have the prerequisite waived.
- More information link
- View more information about ECON 112
- Teaching staff
- Principles of Economics 5th ed.,by Gans et al, Cengage Learning, 2012
- 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
- The emphasis is on understanding economic principles and models and their application to real-world issues.