Undergraduate study in Economics
Economics is available for undergraduates who are studying at the Business School and/or the Faculty of Arts.
What can you study in Economics?
You can complete a Bachelor of Arts in Economics or a Bachelor of Commerce in Economics (potentially alongside another complementary major).
Stage I courses deal with the broad areas of microeconomics and macroeconomics. Microeconomics is about decision-making by individual consumers and firms, and how resources are priced and allocated through markets. Macroeconomics deals with outcomes for an economy as a whole, such as employment and exchange rates. Both microeconomics and macroeconomics are concerned with how government policies and market outcomes interact.
At more advanced levels, you can study all the main areas of economics and pursue your own interests.
How to structure your study in Economics
Bachelor of Arts
You can take a major in Economics as one of your two BA majors (a double major). Complementary BA majors with Economics could be Politics and International Relations, Statistics or Sociology. You could also choose your second major from a subject such as History or English if you wanted to add another dimension to your studies.
You will need to pass at least 120 points (eight courses) towards each of your majors, including at least 45 points (three courses) at Stage III.
You must pass the following courses as part of the Economics major:
- ECON 152, 201 and 211
Bachelor of Commerce
You can take a major in Economics as one of your two BCom majors (a double major). You will need to complete a minimum of 24 courses (360 points). In your first year of study, a set of seven compulsory core courses (105 points) will become the building blocks for your degree.
If you wish to major in Economics you can enrol in ECON 152 in your first year, providing you have achieved one of the following:
- NCEA – 16 credits in Level 3 Economics with a Merit average including standard 91399
- Scholarship – pass in Economics
- CIE – B grade in Economics or
- IB – 4 out of 7 in Economics (HL) or the equivalent
If you wish to major in Economics but have not studied the subject previously, you will need to enrol in ECON 151 in your first year.
Stage I courses include:
- Understanding the Global Economy
Stage II courses include:
- Game Theory
- Introduction to Econometrics
- Development of the International Economy
- International Economics
Stage III courses include:
- Advanced Microeconomics
- Economics of Labour Markets
- Law and Economics
- Firms and Markets
- Advanced Macroeconomics
- Advanced Econometrics
- International Trade