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This course introduces students to the macro economy and how it evolved to where it is today. We examine economic variables and how rises and falls in these variables affect people and businesses. We investigate how government policies, decisions by households and firms, and changes in the world economy affect inflation, exchange rates, interest rates, unemployment, growth, poverty and inequality and other economic outcomes we care about.
1. demonstrate an understanding of the contemporary world economy and how it differs from past periods of time.2. discuss the measurement of economic variables and how rises and falls in these variables impact on people.3. explain the reasons for and consequences of Reserve Bank actions.4. identify and explain changes in policy settings and analyse the effects of policy changes on economic outcomes that matter to people.
Stephen Hickson
Hickson, Stephen; The New Zealand Macroeconomy ; 1st; Pearson, 2014.
McTaggart, Findlay and Parkin; Economics ; 7th; Pearson, 2012 (This is also the text for ECON 104).
Course Outline
Domestic fee $709.00
International fee $3,063.00
* 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 .