ECON105-18S2 (C) Semester Two 2018

Introduction to Macroeconomics

15 points, 0.1250 EFTS
16 Jul 2018 - 18 Nov 2018

Description

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.

ECON105 will challenge your views of how you see the world. You will read the newspaper, watch the news and listen to economic and political commentators in a different way than you used to. Maybe you will even read the newspaper, watch the news and listen to economic and political commentators for the very first time because you have discovered there is some interesting stuff there.

ECON105 will help shed light on some important real-world questions. Questions like:
• What is so bad about inflation?
• Why do we care what the Governor of the Reserve Bank says?
• Which is better – a high or low exchange rate?
• What does the government do and what should it be doing?
• Do tax cuts only benefit the rich and, if so, is that fair?
• What makes for a good taxation system?
• Why is economic growth so important or is it?
• Is society becoming more or less equal and does it matter?
• What is the best way to help the world’s poorest?

To put these questions into some context we will also spend a bit of time looking at what the NZ economy looks like – where it has come from; the ideas that have influenced our economic history; our growth and inflation record compared to other countries; and recent changes and important pieces of legislation.

ECON105 serves as a prerequisite for ECON206 (Intermediate Macroeconomics) which is a compulsory subject for students majoring in economics. ECON105 is also required by NZICA.

Learning Outcomes

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.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attributes specified below:

Critically competent in a core academic discipline of their award

Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.

Timetable 2018

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Friday 15:00 - 16:00 C2 Lecture Theatre 16 Jul - 26 Aug
10 Sep - 21 Oct
02 Friday 12:00 - 13:00 A1 Lecture Theatre 16 Jul - 26 Aug
10 Sep - 21 Oct
Lecture B
Activity Day Time Location Weeks
01 Tuesday 13:00 - 14:00 C2 Lecture Theatre 16 Jul - 26 Aug
10 Sep - 21 Oct
02 Tuesday 12:00 - 13:00 C2 Lecture Theatre 16 Jul - 26 Aug
10 Sep - 21 Oct
Lecture C
Activity Day Time Location Weeks
01 Thursday 10:00 - 11:00 E8 Lecture Theatre 16 Jul - 26 Aug
10 Sep - 21 Oct
02 Thursday 15:00 - 16:00 A2 Lecture Theatre 16 Jul - 26 Aug
10 Sep - 21 Oct
Tutorial A
Activity Day Time Location Weeks
01 Wednesday 15:00 - 16:00 Jack Erskine 441 23 Jul - 26 Aug
10 Sep - 21 Oct
02 Wednesday 12:00 - 13:00 West 533 23 Jul - 26 Aug
10 Sep - 21 Oct
03 Wednesday 10:00 - 11:00 West 431 23 Jul - 26 Aug
10 Sep - 21 Oct
04 Wednesday 09:00 - 10:00 West 212 23 Jul - 26 Aug
10 Sep - 21 Oct
05 Wednesday 13:00 - 14:00 West 431 23 Jul - 26 Aug
10 Sep - 21 Oct
06 Tuesday 12:00 - 13:00 Karl Popper 612 23 Jul - 26 Aug
10 Sep - 21 Oct
07 Monday 11:00 - 12:00 Jack Erskine 315 23 Jul - 26 Aug
10 Sep - 21 Oct
08 Tuesday 12:00 - 13:00 Jack Erskine 441 23 Jul - 26 Aug
10 Sep - 21 Oct
09 Monday 11:00 - 12:00 West 431 23 Jul - 26 Aug
10 Sep - 21 Oct
10 Wednesday 15:00 - 16:00 West 212 23 Jul - 26 Aug
10 Sep - 21 Oct
11 Thursday 13:00 - 14:00 Jack Erskine 244 23 Jul - 26 Aug
10 Sep - 21 Oct
12 Monday 11:00 - 12:00 West 533 23 Jul - 26 Aug
10 Sep - 21 Oct

Examination and Formal Tests

Test A
Activity Day Time Location Weeks
01 Tuesday 19:00 - 21:00 C1 Lecture Theatre (11/9)
C2 Lecture Theatre (11/9)
C3 Lecture Theatre (11/9)
10 Sep - 16 Sep

Course Coordinator

Stephen Hickson

Assessment

Assessment Due Date Percentage 
Assignment 10%
Final Exam 50%
On-line multi-choice tests 10%
Term test 20%
Tutorial assessment 10%

Textbooks

Required Texts

Hickson, Stephen; The New Zealand Economy. What we measure and what it means; Pearson, 2018.

Parkin, M., & Bade, R; Macroeconomics; Pearson, 2016.

Indicative Fees

Domestic fee $790.00

International fee $3,350.00

* Fees include New Zealand GST and do not include any programme level discount or additional course related expenses.

For further information see Department of Economics and Finance.

All ECON105 Occurrences