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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.
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.
Philip Gunby
Parkin, Michael , Bade, Robin; Macroeconomics : Australia and the global environment ; Pearson Australia, 2016.
Hickson, Stephen; The New Zealand macroeconomy : what we measure and what it means ; 2nd edition; Edify Ltd, 2018.
Domestic fee $845.00
International fee $3,975.00
* 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 .