ECON 113

Economies and Markets

Course overview

A study of how economies and markets operate at both microeconomic and macroeconomic levels.

Course information

Prerequisites and Restrictions You must satisfy the following requirement(s):
  • restriction Introduction to Applied Economics, ECON-110 or ECON-110R
  • restriction Introduction to Economic Theory, ECON-111 or ECON-111R
Credits 15
Domestic fees $773.00

What you will learn

After successfully completing this course, you’ll be able to:

  1. Explain the basic principles of economics and models of economic analysis.
  2. Identify how economic principles influence business activities and decision-making processes of individuals, companies, governments and society.
  3. Explain fundamental concepts of imports and exports as they apply to Aotearoa-New Zealand.
  4. Apply basic economic principles to both private and public management of business, social and environmental problems.
  5. Implement basic techniques of cost-benefit analysis to private and public problems, then make policy recommendations based on welfare maximisation.
  6. Understand the analysis-policy intersection that suggests economic policy should be based on analysis but directed by values.

Course examiners

Alan Renwick

Professor Alan Renwick

Associate Dean Research, Head of Department

Department of Global Value Chains and Trade