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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 is a 15-point course which can contribute towards the main schedules of the Arts, Science or Commerce degrees. It is designed to provide you with the platform for further successful study in the discipline, but students who stop their formal economics education at the end of ECON104 will still have been exposed to the invaluable analytical skills that the course promotes. This course attempts to answer real world questions that will interest all students, regardless of their intentions. As a guide, the average student should be spending 10 hours a week on this paper. With three hours of lectures, that leaves seven hours a week for completing tutorials and your own personal revision of lecture notes. You will do MUCH better if you read over the previous lecture and relevant page references from the textbook BEFORE the next lecture. That way each lecture will build on the material you UNDERSTAND from the previous lecture. Simply copying notes in a lecture and not looking at them again before you start revising for an assessment will result in a poor mark. Each lecture will not build on your prior knowledge if you haven’t understood the prior lectures. You will then have to cram and try to learn all the material prior to assessments. My advice is that every morning you have a lecture, that afternoon read over the lecture notes, make use of the video resources I have provided for you and (if you have the text) the page references from the textbook, and make sure you understand the material. If you don’t understand an aspect of the material, come to see me and ask for further clarification.
1. Students will be able to 'think like an economist', and apply basic economic principles such as the role incentives play in people's behaviour.2. Students will understand the concept of market efficiency, and will be able to analyse the impact of government policies.3. Students will be able to identify and evaluate occasions when markets function best without direct government involvement.4. Students will be able to identify and evaluate occasions when markets left on their own are unlikely to result in the best outcomes, and discuss the role of government in these markets.5. Students will be able to use the theories of economics to describe and explain the behaviour of people and firms.
ECON199
Students must attend one activity from each section.
Stephen Hickson
Parkin, M., & Bade, R; Microeconomics ; Pearson, Australia, 2016.
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 $1,003.00
International fee $4,538.00
* 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 .