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%|
Builds on the introductory material from BSNS 113, and extends the analysis of markets and mixed economies and how they work, both in New Zealand and in international contexts.
Follows on from BSNS 113 and extends the analysis of market economies in New Zealand and international contexts. Topics include: consumer choice, labour markets, economic growth, business cycles, monetary policy and the role of the Reserve Bank, the global financial crisis (GFC), information economics, externalities, environmental economics and the appropriate role of government.
|Paper title||Principles of Economics 2|
|Points||18 points 18 points|
|Teaching period(s)||Second Semester, Summer School|
|Domestic Tuition Fees (NZD)||$829.65|
|International Tuition Fees (NZD)||$3,993.30|
- 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
- Summer School
Convenor and lecturer: Andrew Coleman
Tutor: Terry Kerr
Convenor and lecturer:Arlene Ozanne
Lecturer: Viktoria Kahui
- 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.