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ECON 201 studies the economy as a whole to understand the two main areas of macroeconomics: long-run growth in the standard of living and the general level of prices, and short-run fluctuations in employment and output. The aims are to understand the forces that determine economic growth and business cycles, as well as how they are affected by public policies. During the course you will learn about commonly used macroeconomics data, factor and asset markets, business cycles, economic growth, the public sector, and the international sector. The course also teaches the mathematical techniques that economists use to study these areas.
This course looks to develop students' ability to express macroeconomic concepts using graphs, mathematics (particularly calculus), and plain English, and to be able to switch fluently among these three modes of expression.
ECON104, ECON105. RP: STAT101
ECON206
MATH102
STAT101
Philip Gunby
The assessment for this course will comprise 8 problem sets, an essay, one mid-semester test (to be held in-class on the Tuesday of the first week of Term 3) and a final exam. The weighting for the various pieces of assessment will be according to one of the following two schedules, whichever gives the highest grade (except, see the note on "dishonest practice" below).Schedule 1:Problem Sets - 10%Mid-term Test - 30%Essay - 10%Final Exam - 50%Schedule 2:Problem Sets - 10%Mid-term Test - 25%Essay - 15%Final Exam - 50%
Williamson, Stephen D; Macroeconomics ; 4th ed; Addison-Wesley, 2011.
Domestic fee $630.00
International fee $2,775.00
* 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 .