Research Exercise

30 points

Subject to approval of the Head of Department

MA Thesis

120 points

Subject to approval of the Head of Department.

MCom Dissertation

60 points

Subject to approval of the Head of Department. Admission may be subject to meeting a sufficient standard in previous coursework.

ECON680

MA Dissertation

MA Dissertation

60 points

Subject to approval of the Head of Department.

MCom Thesis

MCom Thesis

90 points

Subject to approval of the Head of Department.

MCom Thesis

120 points

Subject to approval of the Head of Department.

MSc Thesis

120 points

Subject to approval of the Head of Department.

Economics PhD

120 points

Subject to approval of the Head of Department.

Introduction to Microeconomics

Scarcity, exchange and trade. Market analysis and policy. Consumer choice theory. Theory of the firm. Imperfect competition. Externalities and public goods. (ECON199 is offered under the STAR programme for secondary school students. Secondary School students only may enrol in this course.)

15 points

Subject to approval of the Head of Department.

ECON104

Introduction to Microeconomics

Scarcity, exchange and trade. Market analysis and policy. Consumer choice theory. Theory of the firm. Imperfect competition. Externalities and public goods.

15 points

ECON199

Introduction to Macroeconomics

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.

15 points

Intermediate Microeconomics - Firms and Markets

ECON208 is one of two intermediate microeconomics courses which build on the concepts learned in ECON104. The initial topic is analysing the decision making of perfectly competitive businesses. Specifically, how production processes and the price of inputs influence the output decisions of businesses. All other topics look at what happens when perfect competition fails to hold. The focus is on people and businesses acting strategically and what happens when businesses exploit market power.

15 points

ECON104

Introduction to Econometrics

This course teaches basic skills in econometrics, which is the statistical analysis of economic data. You will learn how to (i) develop a regression model, (ii) estimate it, and (iii) interpret it. General topics that we will cover include OLS regression, prediction, dummy variables, model specification, model selection, robust standard errors, time series forecasting, endogeneity, and qualitative choice models (logit and probit). Two thirds of the course utilizes the statistical software package Eviews and emphasizes application. The remainder teaches the mathematics behind the estimation procedures.

15 points

(1) ECON104 or ECON105; and (2) 15 points from STAT. RP: MATH101 or Year 13 Math with Calculus.

ECON214

Data Analytics for Business Economics

This course teaches basic skills in econometrics, which is the statistical analysis of economic data. You will learn how to (i) develop a regression model, (ii) estimate it, and (iii) interpret it. General topics that we will cover include OLS regression, prediction, dummy variables, model specification, model selection, robust standard errors, time series forecasting, endogeneity, and qualitative choice models (logit and probit). Two thirds of the course utilizes the statistical software package Eviews and emphasizes application. The remainder teaches EXCEL skills.

15 points

(1) ECON104 or ECON105; and (2) 15 points from STAT

ECON213

Environmental Economics

Economic theory and tools will be applied to the study of the environment and policy. In particular this course will examine how economists look for least cost ways of achieving environmental objectives even if those objectives are not set according to cost benefit analysis. This course will examine how market, incentive based regulatory mechanisms affect environmental outcomes and how the economy and the environment interact.

15 points

ECON104

Microeconomic Analysis

This course follows on from the Intermediate Microeconomics sequence taught at stage 2. The primary focus is on applying fundamental mathematical tools and techniques for modelling standard microeconomics problems involving consumers, producers and markets. Techniques in both algebra and calculus will be used. The main objective is to show students how a selection of standard microeconomics problems can be modelled in terms of constrained optimisation, solving those problems, and above all, analysing the solutions.

15 points

(1) ECON207; and (2) MATH102 or MATH199; and (3) 15 points from STAT RP: ECON208

Econometrics

This course teaches advanced skills in practical econometrics. Coverage will include the following topics: OLS, FGLS, robust standard errors, panel data, Stata programming, Monte Carlo experiments, time series, nonstationarity, and error correction models. While the course will present some theory, the emphasis in this class is on doing. A distinctive feature is that we will illustrate key concepts using computer simulations so that students can "see" the practical consequences of the issues they are studying.

15 points

(1) ECON213 or STAT202; and (2) MATH102 or MATH199

Macro and Monetary Economics

Derivation of the demand for money. Monetary policy under uncertainty. Analysis of alternative monetary rules. Taylor rules. Term structure of interest rates. Financial crises. Economic Growth.

15 points

(1) ECON206; (2) MATH102 or MATH199. RP: ECON207

Industrial Organisation

Imperfectly competitive markets and behaviour of firms. Monopoly models: standard, dominant firm, durable good, natural monopoly, perfectly contestable markets, price discrimination. Oligopoly models: Cournot, Bertrand, product differentiation. Measuring market power, competition policy.

15 points

ECON207 or ECON208 RP: ECON208

Public Economics

Economic theories for the role of government in a market economy and the role of economics in the formulation and evaluation of public policy.

15 points

ECON207 RP: ECON208

Internship or Consultancy Project

An internship or consultancy project is an opportunity to experience a professional work environment. Internships or projects taken for credit are usually unpaid. You are expected to develop a good understanding of a sector, market or organisation. The work you submit will show an application of the tools, ideas or concepts of economics. You will be required to reflect critically on the requirements of transitioning from an academic to a work environment and the skills valued in a professional workplace. As these are economics placements, priority is given to economics majors.

15 points

(1) ECON207 or ECON208; and (2) Subject to the Head of Department approval

FINC390, ARTS395, PACE395

Directed Readings in Economics 1

15 points

Subject to approval of the Head of Department

Directed Readings in Economics II

15 points

Subject to approval of the Head of Department

Econometrics II-600

This course teaches advanced skills in practical econometrics. Coverage will include the following topics: OLS, FGLS, robust standard errors, panel data, Stata programming, Monte Carlo experiments, time series, nonstationarity, and error correction models. While the course will present some theory, the emphasis in this class is on doing. A distinctive feature is that we will illustrate key concepts using computer simulations so that students can "see" the practical consequences of the issues they are studying. Students will develop their own Monte Carlo experiments to investigate econometric questions.

15 points

Subject to approval of the Head of Department.

Microeconomic Analysis

Application of fundamental mathematical techniques for modelling standard economic problems.

15 points

Subject to approval of Head of Department

ECON321

Macro and Monetary Economics

Monetary economics, financial crises, economic growth.

15 points

Subject to approval of Head of Department

ECON326

Monetary Economics: Policy

The focus of this course is on the conduct of optimal monetary policy in open and closed economies. Various issues in monetary policy under uncertainty are explored. A great deal of attention is devoted to issues pertaining to rules vs. discretion in policy-making. We address topics as diverse as interest rate pegs, nominal income targeting vs. price level/ inflation targeting, collection of seigniorage, central bank independence, and others.

15 points

Subject to approval of the Head of Department

Advanced International Finance

This course introduces students to selected relevant topics in international finance. It will familiarise students with the analytical techniques needed to understand different theoretical issues and evaluate the empirical performance of the models. The main topics covered in this course are exchange rate movements, current account determination, foreign exchange intervention and volatility, sovereign debt and crisis, financial development, financial liberalisation and international capital flows, currency crisis, banking system stability and systemic risk, and the role of international institutions like the IMF.

15 points

Subject to approval of the Head of Department. RP: ECON344 or FINC344

FINC643

Internship or Consultancy Project

An internship or consultancy project is an opportunity to experience a professional work environment. You are expected to develop a good understanding of a sector, market or organisation. The work you submit will show an application of the tools, ideas or concepts of economics. You will be required to reflect critically on the requirements of transitioning from an academic to a work environment and the skills valued in a professional workplace. You will also need to provide a critical analysis of the work undertaken.

15 points

Subject to Head of Department approval

FINC679

MA Dissertation

MA Dissertation

60 points

Subject to approval of the Head of Department.

Introduction to Microeconomics

Scarcity, exchange and trade. Market analysis and policy. Consumer choice theory. Theory of the firm. Imperfect competition. Externalities and public goods.

15 points

ECON199

Introduction to Macroeconomics

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.

15 points

Intermediate Macroeconomics

ECON 206 provides an understanding of fluctuations of aggregate activity, the growth of a country’s standard of living, and how government choices affect these things. We study how people's and firms' decisions about consumption, saving, and investment affect their welfare and wealth, a country’s exports and capital flows, and the values of interest and exchange rates. We look at the role of money, inflation, credit, and the financial system in the economy. We use the aggregate demand and supply model to understand why the economy fluctuates and what it means for people's employment and income. Then we see if the government can stop or mitigate the effects of the fluctuations. Finally, we look at how we can improve our standard of living through economic growth.

15 points

ECON104 and ECON105

Intermediate Microeconomics - Households and Government

ECON 207 is one of two intermediate microeconomics courses which build on the concepts learned in ECON 104. Concepts will be taught with a graphical and/or simple algebraic approach. Most of the first term is spent using the consumer behaviour model to explain optimal consumer decision making with different types of goods. Consumer decision making under risk and uncertainty is also examined. Term two is spent examining what happens when people and businesses are imperfectly informed about their transactions, or about each other. Externalities and public goods are also investigated.

15 points

ECON104

International Trade

Microeconomic analysis of international trade, trade policy, the welfare implications of trade and trade policy. The political economy of trade liberalisation.

15 points

ECON104

Time Series Methods

Analysis of sequentially collected data including data modelling and forecasting techniques.

15 points

(1) ECON213; and (2) ECON207; and (3) MATH102

FINC323, STAT317

Advanced Macroeconomics

ECON325 studies the economy as a whole to understand the two main areas of macroeconomics: long-run growth in the standard of living and the general level of prices, and short-run fluctuations in employment and output. The course gives particular attention to the mathematical techniques that economists use to study these areas and the microeconomic foundations that underpin much of macroeconomic analysis.

15 points

(1) ECON206; and (2) MATH102; and (3) ECON207 or ECON208

Financial Economics

The economics of finance with applications to asset valuation, corporate finance, and portfolio management.

15 points

, (1) FINC201; and (2) MATH102 or MATH199; RP: MATH103

FINC331

ECON207

Health Economics Overview

An application of microeconomic and empirical tools to the study of health and medical care. The topics covered will include market failures arising from asymmetric information, the demand for and production of health, provision of health insurance, and government involvement in the medical care system.

15 points

ECON207 RP: ECON208

Development Economics

Economics 340 will examine some of the major economic issues faced by individuals and governments in poorer countries, and introduce students to the field of development economics. The course will study the concepts and measurement of development, poverty and growth, and how economists use theory, empirical analysis and experiments to address issues in these areas. Topics surveyed will include poverty and inequality, population growth, urbanization and migration, agriculture and rural development, investments in education and health and the role of women, governance and institutions, credit and insurance, foreign investment and aid, and international trade policy. In the process, students will be exposed to the ongoing debates in development economics.

15 points

ECON207 or ECON208 RP: ECON208

International Finance

This course provides an understanding of the fundamental concepts and issues in international finance. It develops a "tool-kit" of common approaches and applies it to many real-world examples in international finance. We cover topics such as the foreign exchange markets and exchange rate systems, balance of payments, international arbitrage and interest rate parity, exchange rate determination and forecasting, measuring and managing exchange rate risk, international debt and equity financing, currency derivatives, interest rate and currency swaps, and financial crises.

15 points

ECON206 or FINC201 or FINC203 RP: 15 points in MATH or Year 13 Math with Calculus

ECON 210 and FINC 315 and FINC344

Special Topic: Economic Cost-Benefit Analysis

Economic cost-benefit analysis (CBA) involves the use of microeconomics to formally assess the costs and benefits of different projects or investments. CBA is frequently used as a key input into major policy decisions for government ministries and departments. Understanding the advantages and limitations of CBA, and being able to distinguish well-conducted from poor analyses, is an important skill for a public policy analyst, or for a professional analyst or consultant. This course provides you with the conceptual foundations and practical knowledge you will need to read and understand CBA reports, conduct a CBA, and to be a thoughtful consumer of policy research. An important part of the course is learning different economic methods to calculate and then estimate values of costs and benefits. The course draws on a mixture of economic theory and real-life case studies to examine both the theoretical and practical issues involved in CBA.

15 points

ECON207

Internship or Consultancy Project

An internship or consultancy project is an opportunity to experience a professional work environment. Internships or projects taken for credit are usually unpaid. You are expected to develop a good understanding of a sector, market or organisation. The work you submit will show an application of the tools, ideas or concepts of economics. You will be required to reflect critically on the requirements of transitioning from an academic to a work environment and the skills valued in a professional workplace. As these are economics placements, priority is given to economics majors.

15 points

(1) ECON207 or ECON208; and (2) Subject to the Head of Department approval

FINC390, ARTS395, PACE395

Directed Readings in Economics 1

15 points

Subject to approval of the Head of Department

Directed Readings in Economics II

15 points

Subject to approval of the Head of Department

Time Series and Stochastic Processes

Analysis of sequentially collected data including data modelling and forecasting techniques.

15 points

Subject to approval of the Head of Department

STAT456

Financial Economics

The economics of finance with applications to asset valuation, corporate finance, and portfolio management. ECON 618 students will be expected to apply advanced theories to these concepts.

15 points

Subject to approval of Head of Department

ECON331

Macroeconomics

Real macroeconomics. Using dynamic optimisation to think about how much households spend and save, how much firms invest in durable equipment, and the macro effects of government outlays and how they are financed.

15 points

Subject to approval of the Head of Department.

ECON605

Monetary Economics: Theory

This course surveys a number of important topics in monetary and financial theory. A few topics such as the implementation of monetary policy in New Zealand and the theory of the banking firm draw heavily on microeconomics. The lectures cover topics ranging from asymmetric information in credit markets to the term structure of interest rates. The topical nature of the course is brought out by a discussion of macroprudential and microprudential regulation, the behavior of banks in a low-interest rate environment, and the changing nature of financing decisions by firms since the Global Financial crisis.

15 points

Entry to any honours level course is subject to the approval of the Head of Department.

FINC641

International Trade

This course explains why countries trade goods and services, patterns of trade, and the consequences of trade and of trade interventions. It extends the basic theory of international trade to more complex, interesting and empirically relevant cases. It will provide students with an advanced understanding of the core of modern trade theory, from both positive and normative perspectives.

15 points

Subject to approval of the Head of Department

Experimental Economics

This course will provide students with an in-depth treatment of this increasingly popular method for testing and stimulating economic theory. The course aims to equip students in three main areas: to become familiar with experimental methods; learn some major areas of applications; and critically evaluate the potential and limitations of laboratory experimental research.

15 points

Subject to approval of the Head of Department.

Internship or Consultancy Project

An internship or consultancy project is an opportunity to experience a professional work environment. You are expected to develop a good understanding of a sector, market or organisation. The work you submit will show an application of the tools, ideas or concepts of economics. You will be required to reflect critically on the requirements of transitioning from an academic to a work environment and the skills valued in a professional workplace. You will also need to provide a critical analysis of the work undertaken.

15 points

Subject to Head of Department approval

FINC679

MA Dissertation

MA Dissertation

60 points

Subject to approval of the Head of Department.

Introduction to Game Theory for Business, Science and Politics

ECON223 is an introduction to game theory. Game theory itself is the science that studies strategic interaction, the interplay of competition and cooperation between rational, intelligent people. This course is introductory and non-mathematical, emphasizing a small number of key strategic ideas and principles that you will learn through hands-on, interactive playing and analyzing simple stylized examples. The course is multidisciplinary, with examples drawn from social behavior in economics, business, politics, management, history, sociology, psychology, and biology. Completion of first year university in any field is the only prerequisite.

15 points

Any 60 points

Internship or Consultancy Project

An internship or consultancy project is an opportunity to experience a professional work environment. Internships or projects taken for credit are usually unpaid. You are expected to develop a good understanding of a sector, market or organisation. The work you submit will show an application of the tools, ideas or concepts of economics. You will be required to reflect critically on the requirements of transitioning from an academic to a work environment and the skills valued in a professional workplace. As these are economics placements, priority is given to economics majors.

15 points

(1) ECON207 or ECON208; and (2) Subject to the Head of Department approval

FINC390, ARTS395, PACE395

Internship or Consultancy Project

An internship or consultancy project is an opportunity to experience a professional work environment. You are expected to develop a good understanding of a sector, market or organisation. The work you submit will show an application of the tools, ideas or concepts of economics. You will be required to reflect critically on the requirements of transitioning from an academic to a work environment and the skills valued in a professional workplace. You will also need to provide a critical analysis of the work undertaken.

15 points

Subject to Head of Department approval

FINC679

Special Topic

15 points

Subject to Approval by the Head of Department.

Research Exercise

30 points

Subject to approval of the Head of Department