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| ECON 051 (Fall) ECON 052 (Spring) | Foundation Economics I and II Credit: 12 | Instructor: TBA Prerequisites: Form 5 or 6 |
| The aim of this course is to develop students knowledge, understanding, skills, values and attitudes for effective economic thinking that contributes to socially responsible, competent economic decision-making in a changing economy. students will develop:
knowledge and understanding about:
the economic behaviour of individuals, firms, institutions and governments
the function and operation of markets
the operation and management of economies
contemporary economic problems and issues facing individuals, firms and governments
skills to:
investigate and engage in effective analysis, synthesis and evaluation of economic information from a variety of sources
communicate economic information, ideas and issues in appropriate forms
values and attitudes about:
informed participation in economic debate and decision-making
responsible approaches towards people, societies and environments. | ||
| ECON 101 (Fall) | Introduction to Microeconomics Credit: 6 | Instructor: Robert Beck |
| Offers an introduction to the workings of market systems. This course deals with the economic behaviour of consumers and firms, covering analysis of demand and supply of goods, services and resources within an economy. The framework developed is used to examine and evaluate the operation of the market mechanism for various market structures and government policies.
Referent: Economics 101: Microeconomics, University of Auckland | ||
| ECON 102 (Spring) | Introduction to Macroeconomics Credit: 6 | Instructor: Robert Beck |
| Analyses aggregate economic activity in the national economy and its interrelationships with the rest of the world. Emphasis is placed on basic principles involved in the determination of the level of national output, the aggregate price level, and the money supply. Alternative explanations of key macroeconomic problems and relevant economic policies are compared. The theoretical concepts are illustrated from a range of New Zealand and international applications.
Referent: Economics 111: Macroeconomics, University of Auckland | ||
| ECON 201 (Fall) | Intermediate Microeconomics: The Economics of Markets Credit: 6 |
Instructor: Robert Beck Prerequisite: ECON 101 or equivalent |
| In this course we will study how markets work, what happens when markets fail, and analyze howwell markets do in terms of efficiency and equity.Scarcity is the microeconomic problem and will guide the course from topic to topic. However,much of what we discuss has business applications that will be useful in understanding currentevents as well as being useful in your career.
Referent: Economics 212: Understanding the Economics of Markets, Otago University | ||
| ECON 202 (Spring) | International Economy Credit: 6 |
Instructor: Robert Beck Prerequisite: ECON 102 or equivalent |
| Discusses the ideas and institutions that formed the world economy and explores major current issues in the world economy. The topics covered include mercantilism versus economic liberalism; the GATT, the WTO and the liberalisation of international trade; major developments in the international monetary system (including the gold standard, Bretton Woods and the euro); implications of the global capital market; and currency crises. The costs and benefits of globalisation, especially from the perspective of developing countries, will also be covered.
Referents: Economics 232: Development of the International Economy, University of Auckland Economics 206: The World Economy, Otago University | ||