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Scarcity, exchange and trade. Market analysis and policy. Consumer choice theory. Theory of the firm. Imperfect competition. Externalities and public goods.
ECON104 studies microeconomics, which examines theories of how consumers and producers behave and interact in individual markets. The course covers a general study of the workings of markets and a more in-depth analysis of the two sides - supply (producers) and demand (consumers). The course also covers issues that do not fit the conventional assumptions of the supply and demand framework.
ECON199
Steve Agnew
Mankiw, N. Gregory; Principles of Microeconomics ; 6th; 2012.
The course text can be purchased as a bundle with the ECON105 text:Mankiw, N., G. Bandyopadhyay, D. & Wooding, P. (2007). Principles of Macroeconomics in New Zealand. Australia: Thomson Learning. This text bundle can be purchased for a combined student discount price that represents very good value and is a significant saving compared to buying both books separately. The bundle option has the advantage that students can sell one or both texts, though a good micro and macro principles text is a valuable addition to any student's collection especially if you plan to continue in economics, but is still very valuable even if you do not.Some very readable books which give a very good introduction to the key ideas in economics include:"New Ideas from Dead Economists" by Todd Buchholz"The Undercover Economist" by Tim Harford"Freakonomics" by Steven Levitt & Stephen Dubner
Domestic fee $655.00
International fee $2,888.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Economics and Finance .