ECON105-20S1 (C) Semester One 2020

Introduction to Macroeconomics

15 points

Details:
Start Date: Monday, 17 February 2020
End Date: Sunday, 21 June 2020
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Friday, 28 February 2020
  • Without academic penalty (including no fee refund): Friday, 29 May 2020

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.

Globally aware

Students will comprehend the influence of global conditions on their discipline and will be competent in engaging with global and multi-cultural contexts.

Timetable 2020

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Wednesday 17:00 - 18:00 - (25/3, 22/4-27/5)
E8 Lecture Theatre (19/2-18/3)
17 Feb - 29 Mar
20 Apr - 31 May
Lecture B
Activity Day Time Location Weeks
01 Monday 11:00 - 12:00 - (23/3, 20/4, 4/5-25/5)
A2 Lecture Theatre (17/2-16/3)
17 Feb - 29 Mar
20 Apr - 26 Apr
4 May - 31 May
Lecture C
Activity Day Time Location Weeks
01 Thursday 17:00 - 18:00 - (23/4-28/5)
E8 Lecture Theatre (20/2-19/3)
17 Feb - 22 Mar
20 Apr - 31 May
Tutorial A
Activity Day Time Location Weeks
01 Tuesday 15:00 - 16:00 24 Feb - 29 Mar
20 Apr - 31 May
02 Thursday 10:00 - 11:00 24 Feb - 22 Mar
20 Apr - 31 May
03 Monday 14:00 - 15:00 24 Feb - 29 Mar
20 Apr - 26 Apr
4 May - 31 May
04 Friday 10:00 - 11:00 24 Feb - 22 Mar
20 Apr - 31 May
05 Tuesday 13:00 - 14:00 24 Feb - 29 Mar
20 Apr - 31 May
06 Thursday 15:00 - 16:00 24 Feb - 22 Mar
20 Apr - 31 May

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 / Resources

Required Texts

Hickson, Stephen; The New Zealand macroeconomy : what we measure and what it means; 2nd edition; Edify Ltd, 2018.

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

Indicative Fees

Domestic fee $822.00

International fee $3,688.00

* 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