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Economics

Studying Economics will help you develop the analytical skills needed to be an effective problem solver of real-life issues. You'll learn how to apply your skills to issues ranging from employment and housing, to public health, transport and environmental pollution.

Tommy Clout

Bachelor of Management Studies with Honours/Bachelor of Laws with Honours
Tommy Clout is a graduate of Tauranga Boys’ College where he was deputy head boy and Rutherford House Captain. He played for Northern Districts U19s and was in included in the New Zealand U19 World Cup Squad, although he did not play.


Luana Dow

Mathematically gifted, Luana Dow works as an analyst at Statistics New Zealand in Wellington, where she writes press releases about the latest labour and income statistics.


Studying Economics will help you see the world in a different light; and understand how to apply this new perspective to help resolve issues in our society. You'll learn how to help people, governments and businesses make better decisions about using natural and financial resources to meet different goals.

Economists contribute to government decision-making on many different issues, such as shaping new laws and taxes, or advising on international trade agreements. They can also be involved in recommending incentives and penalties geared towards changing people's behaviour, such as encouraging people to leave their car at home.

You'll learn how to explain the reasons for different market structures, analyse the implications of government policy, anticipate how people might react to price changes, and demonstrate the gains from trade.

The practical assignments in Economics can be both challenging and creative. For example, in the first-year paper ECON100, you may create a YouTube video that explains basic economic ideas using real-world examples, and in the second-year paper ECON200, you may analyse a country and come up with some policy options for maintaining its internal macroeconomic stability and global competitiveness. For more information about this subject, visit the department's website.

While studying at Waikato, there'll be plenty of opportunities for you to make new friends, such as through the Economics Discussion Group. This is a student-led group that gets together regularly to discuss economic issues.

If you're passionate about business, current affairs, finance or maths then economics may be a good fit for you. Economics brings together ideas from many different areas: politics, psychology, sociology, geography, law and statistics.

Be taught by New Zealand's leading economists

When you study Economics at Waikato, you're learning in a department that's ranked second in New Zealand (PBRF), with five of New Zealand's top 20 economists teaching classes.

Internationally recognised

Waikato is ranked in the world's top 200 universities for Economics and Econometrics by the prestigious QS Subject Rankings 2016. It's also ranked in the world's top 150 universities for Accounting, Finance, and Business and Management Studies.

You'll study at our internationally recognised Waikato Management School, which has Triple Crown Accreditation from AACSB, EQUIS and AMBA, placing it in the top 1% of all business schools worldwide.

 Career opportunities

  • Business analyst
  • Financial analyst
  • Policy analyst / adviser
  • Government economist or in Treasury
  • Management consultant
  • Economics Researcher
  • Economics teacher / lecturer

100 level

200 level

300 level

400 level

Prescriptions for the GradCert(Econ) and GradDip(Econ)

A Graduate Certificate and Graduate Diploma are available to graduates who have not included Economics at an advanced level in their first degree. The requirements for the Graduate Certificate and Graduate Diploma are prescribed in the Waikato Management School Student Handbook.

Prescriptions for the BBA(Hons)(Fin), BMS(Hons), BSocSc(Hons), PGCert(Econ), PGDip(Econ), MMS and MSocSc

Economics may be taken as a major for the BMS(Hons) and as a subject for the BBA(Hons)(Fin), BSocSc(Hons), MMS and MSocSc. In addition, Applied Economics and Finance may be taken as a subject for the MMS. A Postgraduate Certificate and a Postgraduate Diploma in Economics are also available. The requirements for the Waikato Management School major, subjects, Postgraduate Certificate and Postgraduate Diploma are prescribed in the Waikato Management School Student Handbook.

Students enrolling in 500 level Economics papers should normally have a minimum of a B average in undergraduate Economics papers, with no less than that in 300 and 400 level Economics papers. All students should discuss their programme with the Management Student Centre before enrolling.

To complete a BSocSc(Hons) in Economics, students must gain 120 points at 500 level, including at least 30 points in research (normally ECON591) and at least 30 points from papers listed for Economics.

To complete an MSocSc in Economics, students must take a 120 point thesis, a 90 point thesis and 30 points from approved 500 level papers, or a 60 point dissertation and 60 points from approved 500 level papers.

Macroeconomic AnalysisECON50115.0 Points
Economics for BusinessECON50615.0 Points
Quantitative Skills for Finance and EconomicsECON50715.0 Points
Applied Microeconomics with Game TheoryECON50815.0 Points
Economics and the EnvironmentECON51530.0 Points
Microeconomic Analysis - MethodsECON51915.0 Points
Microeconomic Analysis - TheoryECON52015.0 Points
Topics in Economic Policy AnalysisECON52415.0 Points
Law and EconomicsECON52615.0 Points
Econometric Topics: Macroeconomics and FinanceECON52815.0 Points
MicroeconometricsECON52915.0 Points
Topics in Development EconomicsECON53015.0 Points
International Trade: Theory and Policy IssuesECON53115.0 Points
International Finance and Open Economy MacroeconomicsECON53215.0 Points
Topics in Trade and DevelopmentECON53315.0 Points
Topics in Economic ResearchECON53515.0 Points
Environmental and Resource EconomicsECON53915.0 Points
Applied EconometricsECON54315.0 Points
Applied General Equilibrium AnalysisECON55215.0 Points
Directed StudyECON58915.0 Points
Directed StudyECON59030.0 Points
Economics DissertationECON59130.0 Points
Economics DissertationECON59260.0 Points
Economics ThesisECON59390.0 Points
Economics ThesisECON594120.0 Points
Report of an InvestigationECON59930.0 Points
Finance TheoryFINA50615.0 Points
Financial Theory and Corporate PolicyFINA51015.0 Points
Derivatives TwoFINA51915.0 Points
Research Methods in Management StudiesMNGT50130.0 Points
Research Methods in Management Studies for Economics and FinanceMNGT50215.0 Points

Prescriptions for the MPhil

The Master of Philosophy is a one year research-based degree in which students undertake a programme of approved and supervised research that leads to a thesis which critically investigates an approved topic of substance and significance, demonstrates expertise in the methods of research and scholarship, displays intellectual independence and makes a substantial original contribution to the subject area concerned, and is of publishable quality.

Economics MPhil ThesisECON800120.0 Points

Prescriptions for the PhD

The Doctor of Philosophy is a three year research-based degree in which students undertake a programme of approved and supervised research that leads to a thesis which critically investigates an approved topic of substance and significance, demonstrates expertise in the methods of research and scholarship, displays intellectual independence and makes a substantial original contribution to the subject area concerned, and is of publishable quality.

Economics PhD ThesisECON900120.0 Points

Bachelor of Management Studies (BMS)

To complete the requirements for a Bachelor of Management Studies major in Economics, you'll need to pass 120 points at 200-level or above and incorporate at least 60 points at 300-level or above, of which 40 points must be at 400-level.

The specific requirements for Economics are that you must include:

  • ECON202 / 302 Microeconomics and Business Economics
  • ECON204 Quantitative Methods for Economics and Finance
  • No more than two FINA coded papers from the subject papers' list for Economics.

If Economics is your second major then you can count MNGT221 as a major paper for this subject.

Please refer to the degree planner and contact the Economics undergraduate convenor to plan your Economics major.

Bachelor of Management Studies with Honours (BMS(Hons))

To complete the requirements for a Bachelor of Management Studies with Honours major in Economics, you'll need to pass 120 points at 200-level or above. You'll need to incorporate at least 60 points at 300-level or above, which includes at least 40 points at 400-level or above and at least 30 points at 500-level.

The specific requirements for Economics are that you must include:

  • ECON202 / 302 Microeconomics and Business Economics
  • ECON204 Quantitative Methods for Economics and Finance
  • No more than two FINA coded papers from the subject papers' list for economics

And choose at least one paper from:

  • ECON501 Macroeconomic Analysis
  • ECON503 Long-run Macroeconomic Analysis
  • ECON505 Short-run Macroeconomic Analysis
  • ECON519 Microeconomic Analysis - Methods
  • ECON520 Microeconomic Analysis - Theory
  • ECON528 Econometric Topics: Macroeconomics and Finance
  • ECON529 Microeconometrics
  • ECON543 Applied Econometrics

If you are taking two majors you can count either the compulsory 599 or MNGT596 towards your Waikato Management School major papers provided it is approved as relevant to that major and you have included a further 30 points at 500-level in that major.

Don't forget, you must pass 120 points at 500-level for the qualification and submit a Portfolio of Achievement. If you have only selected 30 points at 500-level for your major, then a further 90 points at 500-level is required to meet this degree regulation.

Bachelor of Business Analysis - Financial (BBA(Fin))

To complete the requirements for a Bachelor of Business Analysis - Financial major in Economics, you'll need to pass 120 points at 200-level or above and include at least 60 points at 300-level or above. In order to meet the Assurance of Learning requirements for this programme you'll need to include an X type occurrence from either ACCT313, ECON309 or FINA306, unless you have previously completed this requirement as part of an earlier paper.

The specific requirements for Economics are that you must include:

  • ECON202 / 302 Microeconomics and Business Economics
  • ECON204 Quantitative Methods for Economics and Finance
  • No more than two FINA coded papers from the subject papers' list for Economics

And if Economics is your first major you'll also need to include the applied project, work experience or business applications paper:

  • ECON309 Managerial Economics and Strategy.

If Economics is your second major then you can count ECON200 or FINA201 as a major paper for this subject.

Please refer to the degree planner and contact the Economics Undergraduate Convenor or Management Student Centre to plan your Economics major.

Please note: If ECON309 is the earliest enrolment of either ACCT313, ECON309 or FINA306 then you must enrol in an X type occurrence in order to complete the Assurance of Learning requirements for your programme. XS, XA, XB, XT are the occurrences available; the second letter corresponds to the specific semester.

Bachelor of Business Analysis with Honours - Financial (BBA(Hons)(Fin))

To complete the requirements for the Bachelor of Business Analysis with Honours major in Economics, you'll need to pass 120 points at 500-level, include at least 60 points, and submit a portfolio of achievement.

You'll need to include:

  • Either ECON591 Economics Dissertation or ECON592 Economics Dissertation
  • No more than one FINA coded paper from the subject papers' list for Economics

And choose at least one paper from:

  • ECON501 Macroeconomic Analysis
  • ECON503 Long-run Macroeconomic Analysis
  • ECON505 Short-run Macroeconomic Analysis
  • ECON519 Microeconomic Analysis - Methods
  • ECON520 Microeconomic Analysis - Theory
  • ECON528 Econometric Topics: Macroeconomics and Finance
  • ECON529 Microeconometrics
  • ECON543 Applied Econometrics

Please note: If you fail a paper or papers (no more than 30 points), then you may repeat the paper once, or take an alternative paper. If you fail more than 30 points you'll not be permitted to proceed with the degree.

Economics as a second major

Even if you are enrolled in an undergraduate degree that doesn't list Economics as a major subject, you may normally still take it as a second major. In these circumstances you'll be required to pass 120 points at 200-level or above from one subject area, and incorporate at least 60 points at 300-level or above.

You'll need to include:

  • ECON200 Macroeconomics and the Global Economy
  • ECON202 / 302 Microeconomics and Business Economics
  • ECON204 Quantitative Methods for Economics and Finance
  • No more than two FINA coded papers from the subject papers' list for economics

Graduate Certificate (GradCert)

To complete the requirements for a Graduate Certificate in Economics, you'll need to pass 60 points at 100-level or above and include at least 40 points at 300-level or above. At least 40 points must be in the subject of Economics.

You'll need to include no more than 20 points in FINA coded papers.

Please note: You may need to meet additional paper prerequisites unless a waiver is obtained and depending upon your programme of study.

Graduate Diploma (GradDip)

To complete the requirements for a Graduate Diploma in Economics, you must pass 120 points at 100-level or above and include at least 80 points at 300-level or above, and pass the Writing Competency Module. You can choose to take up to 40 points from other Graduate Diploma subjects with the permission of the Economics Graduate Convenor.

The specific requirements for Economics are that you must include:

  • Either ECON200 Macroeconomics and the Global Economy or ECON202 / 302 Microeconomics and Business Economics (see note below)
  • No more than two FINA coded papers from the subject papers' list for Economics

Please note: This requirement may be waived if you have passed an equivalent Economics paper at another tertiary institution. You may need to meet additional paper prerequisites unless a waiver is obtained and depending upon your programme of study.

Postgraduate Certificate (PGCert)

To complete the requirements for a Postgraduate Certificate in Economics, you'll need to pass 60 points at 500-level from one subject area and meet the specific requirements prescribed for any subject.

You'll need to meet with the Economics Graduate Convenor to discuss an appropriate personal programme of study.

Please note: If you fail a paper then you may repeat it once. If you fail more than one paper, or you fail the same paper twice, then you will not be permitted to proceed with the certificate. You may need to meet any additional paper prerequisites unless a waiver is obtained and depending upon your programme of study.

Postgraduate Diploma (PGDip)

To complete the requirements for a Postgraduate Diploma in Economics, you'll need to pass 120 points at 500-level and submit a Portfolio of Achievement (see the Postgraduate Diploma qualification information for further details). You can choose to take up to 30 points from other graduate subjects with the permission of the department's Graduate Convenor.

You'll need to meet with the Economics Graduate Convenor to discuss an appropriate personal programme of study and include at least one of (see note below):

  • ECON501 Macroeconomic Analysis
  • ECON519 Microeconomic Analysis - Methods
  • ECON520 Microeconomic Analysis - Theory
  • ECON528 Econometric Topics: Macroeconomics and Finance
  • ECON529 Microeconometrics
  • ECON543 Applied Econometrics

Please note: If you fail a paper or papers (no more than 30 points), then you may repeat the paper once, or take an alternative paper. If you fail more than 30 points you will not be permitted to proceed with the diploma. You may need to meet any additional paper prerequisites unless a waiver is obtained and depending upon your programme of study.

Master of Management Studies (MMS)

The completion requirements for the Master of Management Studies are dependent upon your admission criteria; please refer to the qualification information for further details. However, you'll need to:

  • Meet with the department's Graduate Convenor to discuss an appropriate personal programme of study and to ensure any specific subject requirements are met
  • Take 30 points in recognised graduate research methodology papers, which must include: MNGT502 Research Methods in Management Studies for Economics and Finance, and either ECON528 Econometric Topics: Macroeconomics and Finance or ECON529 Microeconometrics (unless passed previously)
  • Take a dissertation (591 / 592) or thesis (593 / 594) in your subject area
  • Submit a Portfolio of Achievement
  • Meet the specific requirements prescribed for Economics or Applied Economics and Finance.

Option one: Economics

The specific requirements for Economics are that you must include (unless passed previously) a paper from at least two of the following three core areas:

  • Macroeconomics: ECON501 Macroeconomic Analysis
  • Microeconomics: Either ECON519 Microeconomic Analysis - Methods or ECON520 Microeconomic Analysis - Theory
  • Econometrics: One of ECON528 Econometric Topics: Macroeconomics and Finance or ECON529 Microeconometrics or
  • ECON543 Applied Econometrics

Option two: Applied Economics and Finance

The specific requirements for Applied Economics and Finance are that you would normally be expected to take a balanced mixture of Economics and Finance papers and (unless passed previously) include:

  • One paper from: ECON501 Macroeconomic Analysis / ECON519 Microeconomic Analysis - Methods / ECON520 Microeconomic Analysis - Theory
  • One of ECON528 Econometric Topics: Macroeconomics and Finance / ECON529 Microeconometrics / ECON543 Applied Econometrics
  • FINA510 Financial Theory and Corporate Policy
  • FINA517 Investments, Portfolios and Financial Markets

Please note: If you fail a paper or papers (no more than 30 points), then you may repeat the paper once, or take an alternative paper. If you fail more than 30 points you will not be permitted to proceed with the degree. You may need to meet any additional paper prerequisites unless a waiver is obtained and depending upon your programme of study.

Master of Philosophy (MPhil) and Doctor of Philosophy (PhD)

Please contact the Economics Graduate Convenor.

Contacts

Management Student Centre (MSC)

Phone: +64 838 4303 or 0800 654 303
Email: msc@waikato.ac.nz
Website: www.management.ac.nz/msc

Opening hours: 8.45am - 4.45pm Monday to Friday
Location: MSB.1.50, Hillcrest Road, University of Waikato, Hamilton

One of the best times to pop into MSC is Open Advice Day, held every Wednesday from 10am to 2pm.

Department of Economics

Dr Gazi Hassan
Undergraduate Qualifications Convenor
Email: gmhassan@waikato.ac.nz

Associate Professor Anna Strutt
Chairperson of Economics

Email: astrutt@waikato.ac.nz

Maria Fitzgerald
Administration manager
Phone: +64 7 838 4758
Email: mfitzy@waikato.ac.nz