ECON105-23S2 (C) Semester Two 2023

Introduction to Macroeconomics

15 points

Details:
Start Date: Monday, 17 July 2023
End Date: Sunday, 12 November 2023
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 30 July 2023
  • Without academic penalty (including no fee refund): Sunday, 1 October 2023

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?
• What might be different about resources in the NZ economic, bicultural context?

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 and the UN SDGs (https://sdgs.un.org/goals).
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 2023

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Monday 15:00 - 16:00 K1 Lecture Theatre
17 Jul - 27 Aug
11 Sep - 22 Oct
Lecture B
Activity Day Time Location Weeks
01 Wednesday 15:00 - 16:00 K1 Lecture Theatre
17 Jul - 27 Aug
11 Sep - 22 Oct
Lecture C
Activity Day Time Location Weeks
01 Tuesday 08:00 - 09:00 A1 Lecture Theatre
17 Jul - 27 Aug
11 Sep - 22 Oct
Tutorial A
Activity Day Time Location Weeks
01 Wednesday 10:00 - 11:00 A9 Lecture Theatre
24 Jul - 27 Aug
11 Sep - 22 Oct
02 Wednesday 09:00 - 10:00 A9 Lecture Theatre
24 Jul - 27 Aug
11 Sep - 22 Oct
03 Thursday 13:00 - 14:00 Link 309 Lecture Theatre
24 Jul - 27 Aug
11 Sep - 22 Oct
04 Thursday 12:00 - 13:00 A9 Lecture Theatre
24 Jul - 27 Aug
11 Sep - 22 Oct
05 Wednesday 09:00 - 10:00 A8 Lecture Theatre
24 Jul - 27 Aug
11 Sep - 22 Oct
06 Wednesday 12:00 - 13:00 Link 309 Lecture Theatre
24 Jul - 27 Aug
11 Sep - 22 Oct
07 Tuesday 09:00 - 10:00 Link 309 Lecture Theatre
24 Jul - 27 Aug
11 Sep - 22 Oct
08 Wednesday 13:00 - 14:00 A8 Lecture Theatre
24 Jul - 27 Aug
11 Sep - 22 Oct
09 Thursday 12:00 - 13:00 Link 309 Lecture Theatre
24 Jul - 27 Aug
11 Sep - 22 Oct
10 Thursday 16:00 - 17:00 Ernest Rutherford 225
24 Jul - 27 Aug
11 Sep - 22 Oct
11 Thursday 12:00 - 13:00 John Britten 117
24 Jul - 27 Aug
11 Sep - 22 Oct
12 Thursday 16:00 - 17:00 A8 Lecture Theatre
24 Jul - 27 Aug
11 Sep - 22 Oct
13 Thursday 16:00 - 17:00 Elsie Locke 104A
24 Jul - 27 Aug
11 Sep - 22 Oct

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%

Indicative Fees

Domestic fee $868.00

International fee $4,075.00

* 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 .

All ECON105 Occurrences