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ECON202 is the first of two courses of a coordinated sequence of courses that introduce students to the three pillars of economic analysis (choice, scarcity, and coordination) and the mathematical techniques that economists use to represent these ideas (optimisation, equilibrium, and adding-up constraints). The sequence is largely devoted to "price theory", which is the analysis of the role that prices play in facilitating coordination in a market economy. ECON202 introduces students to the modelling of consumer and firm choices.
At the end of the two-semester sequence of ECON202 and 203, students should be able to model consumer and firm choice, using both graphical and mathematical language; understand the role that prices play in communicating information and coordinating behaviour in a market economy; use a general equilibrium framework as a starting point for economic analysis; andbegin to think like an economist.
ECON104
ECON230 and ECON231
MATH102 or MATH199
Seamus Hogan
There are two weighting schemes on the test and final exam (best of (20% and 70%) or (40% and 50%).
Bergstrom, Theodore C. , Varian, Hal R; Workouts in intermediate microeconomics : [a modern approach] ; 8th ed; Norton, 2009.
Varian, Hal R; Intermediate microeconomics : a modern approach ; 8th ed; W.W. Norton & Co, 2010.
Harford, Tim; The logic of life : the hidden economics of everything ; Little, Brown, 2008.
Harford, Tim; The undercover economist : exposing why the rich are rich, the poor are poor--and why you can never buy a decent used car! ; Oxford University Press, 2006.
Course Outline
Domestic fee $682.00
International fee $3,000.00
* 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 .