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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.

Economics

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 ECONS100, you may create a YouTube video that explains basic economic ideas using real-world examples, and in the second-year paper ECONS200, 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 Waikato Management School faculty 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 300 universities for Economics by the prestigious QS Subject Rankings 2018. It's also ranked in the world's top 200 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.

Qualifications

If you wish to take Economics as your 1st Major subject, you'll need to enrol for either the Bachelor of Business, or the Bachelor of Management Studies with Honours .

Otherwise you can normally take it as a 2nd Major (8 papers) or Minor subject (4 papers) for any other bachelor's degree offered at the University of Waikato.

If you'd like to gain specialist expertise through postgraduate research, take a look at our Master of Management Studies in Economics.

Apply to enrol

Key information

Study Locations: Hamilton; Tauranga; Online
Faculty:

Career opportunities

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

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 qualification regulations define the subject requirements for the Graduate Certificate and Graduate Diploma. There are no specified subject papers that must be completed for these programmes.

Prescriptions for the BBus(Hons), BSocSc(Hons), PGCert(Econ), PGDip(Econ), MMS and MSocSc

The qualification regulations define the subject requirements for the BBus(Hons), BSocSc(Hons), PGCert(Econ), PGDip(Econ), MMS and MSocSc.

There are no specified subject papers for the BBus(Hons) or PGCert(Econ).

PGDip(Econ) students must complete at least one of ECONS501, ECONS508, ECONS528, ECONS529, ECONS543.

MMS students must complete: MNMGT582 and either ECONS528 or ECONS529; and one of ECONS590, ECONS591, ECONS592, ECONS593 or ECONS594; and at least one paper from ECONS501, or ECONS508.

MMS students taking the Applied Economics and Finance interdisciplinary programme must complete either: MNMGT582 and ECONS528 or ECONS529; or take MNMGT581. They must also complete one of ECONS590, ECONS591, ECONS592, ECONS593, ECONS594, FINAN590, FINAN591, FINAN592, FINAN593 or FINAN594; and ECONS501 or ECONS508; and one of ECONS528 or ECONS529 or ECONS543; and FINAN510, FINAN517.

To complete a BSocSc(Hons) in Economics, students must gain 120 points at 500 level, including at least 30 points in research (normally ECONS591) and at least 30 points from papers listed for Economics.

To complete an MSocSc in Economics, students must take a 120 point thesis; or 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.

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.

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.

100 Level

Code Paper Title Occurrence / Location
ECONS101Business Economics and the New Zealand Economy19A (Hamilton), 19A (Secondary School - Unistart), 19A (Tauranga), 19B (Hamilton), 19B (Tauranga), 19C (Zhejiang University City College, Hangzhou China) & 19S (Hamilton)
This paper offers insights into the behaviour of consumers, firms and the government within the economy, giving students skills in analysing and predicting the actions of individuals and businesses.
ECONS102Economics and Society19B (Hamilton)
This paper introduces selected economic models, with a focus on developing and applying critical thinking skills to a range of business and social issues and to economic policies.

200 Level

Code Paper Title Occurrence / Location
ECONS200Understanding the Global Economy19A (Hamilton) & 19C (Zhejiang University City College, Hangzhou China)
This paper focuses on developing understanding of contemporary global issues, including economic well-being, sustainable growth, emerging economies, world trade and globalisation.
ECONS203Economics and Strategic Interaction19B (Hamilton)
The aim of this paper is to provide an introduction to strategic thinking and analysis through the basic techniques of game theory, and to illustrate the range of its applications to almost all fields of social science via a wide array of example applications.
ECONS204Economics of Land, Water and Environment19A (Hamilton)
This paper provides students with a detailed understanding of the role of economic analysis in solving real world environmental problems including pollution, sustainable development, resource scarcity, and climate change.
ECONS205Data Analytics with Business Applications19B (Hamilton), 19B (Tauranga), 19C (Zhejiang University City College, Hangzhou China), 19T (Hamilton) & 19T (Tauranga)
This paper introduces various data analytical methods and illustrates their business and economics applications, showing how to use data to communicate more convincingly and to produce better-informed business decisions.

300 Level

Code Paper Title Occurrence / Location
ECONS301Economic Growth and Wellbeing19A (Hamilton)
This paper covers the main macroeconomic models. There is analysis of the design and impact of macroeconomic policy, including implication for economic growth and wellbeing.
ECONS302Microeconomics and Business Economics19B (Hamilton)
This paper formally develops the economic theory of business and consumption decisions.
ECONS303Applied Quantitative Research Methods19A (Hamilton) & 19C (Zhejiang University City College, Hangzhou China)
This paper provides essential quantitative skills for analysing empirical data, evaluating causal effects of actual or proposed interventions and predicting economic and financial outcomes. It will also help to prepare students for graduate studies in economics.
ECONS304International Economics Issues19B (Hamilton)
This paper covers in-depth analysis of the global economic environment, including international trade, access to markets and cross-border movement of factors of production including capital and labour.
ECONS305Entrepreneurial Discovery and Innovation19A (Hamilton)
This paper explains how to find business opportunities, explore innovative new markets, appraise opportunities and manage risk. In economics, entrepreneurship combines with land, labour, capital and natural resources to produce profit. Innovation and risk-taking are essential to a country's ability to succeed in a dynamic and incre...
ECONS306Economics and Strategic Interaction19B (Hamilton)
The aim of this paper is to provide an introduction to strategic thinking and analysis through the basic techniques of game theory, and to illustrate the range of its applications to almost all fields of social science via a wide array of example applications.
ECONS307Economics of Land, Water and Environment19A (Hamilton)
This paper provides students with a detailed understanding of the role of economic analysis in solving real world environmental problems including pollution, sustainable development, resource scarcity, and climate change.
MNMGT395Industry Experience19C (Online)
The industry experience course is a NET delivered course, which runs over the summer from early November to early February. Students search for and find their own host organisation, anywhere in the world, that agrees to take them on for 4 to 13 weeks during the summer period.
MNMGT396Management Internship19C (Hamilton)
The Management Internship provides students with the opportunity to apply their management discipline-based knowledge to an authentic project within an organisation.
MNMGT399Report of an Investigation19C (Hamilton)
The Report of an Investigation offers students the opportunity to complete a secondary data based research report on an area related to their management discipline of study. Students also complete 100 hours of voluntary work co-ordinated through the University of Waikato Employability Plus Program.

400 Level

Code Paper Title Occurrence / Location
MNMGT495Industry Experience19C (Online)
The industry experience course is a NET delivered course, which runs over the summer from early November to early February. Students search for and find their own host organisation, anywhere in the world, that agrees to take them on for 4 to 13 weeks during the summer period.
MNMGT496Management Internship19C (Hamilton)
The Management Internship provides students with the opportunity to apply their management discipline-based knowledge to an authentic project within an organisation.
MNMGT499Report of an Investigation19C (Hamilton)
The Report of an Investigation offers students the opportunity to complete a secondary data based research report on an area related to their management discipline of study. Students also complete 100 hours of voluntary work co-ordinated through the University of Waikato Employability Plus Program.

500 Level

Code Paper Title Occurrence / Location
ECONS501Macroeconomic Analysis19B (Hamilton)
This paper covers selected aspects of macroeconomic theory, policy and evidence. Most of the topics are centred directly or indirectly on a stylised production function. They include economic growth, business cycles, employment, inflation, price-setting behaviour, macroeconomic policy and the development of macroeconomic analysis.
ECONS506Economics for Business19T (Hamilton)
An advanced analysis of the economics of business from production through processing to markets and the consumer.
ECONS507Quantitative Skills for Finance and Economics19T (Hamilton)
This paper provides students with a thorough grounding in the applied quantitative techniques required for professional practice in business, finance and economics. The main emphasis is on recognising which techniques are appropriate for particular types of problems, using the techniques and interpreting the results.
ECONS520Microeconomic Analysis - Theory19B (Hamilton)
This paper focuses on the application of microeconomic analysis. It includes consumer theory, risk and information economics, the economics of production and costs, the theory of the firm and of markets, and general equilibrium theory.
ECONS524Topics in Economic Policy Analysis19A (Hamilton)
This paper focuses on selected topics in the economics of policy analysis.
ECONS528Econometric Topics: Macroeconomics and Finance19A (Hamilton)
This paper provides students with theoretical and practical skills in econometrics that should enable them to carry out a wide range of applied analyses involving macroeconomics and finance. The prime focus of this paper is on the application of time-series econometrics. The topics covered include econometric estimation and testing...
ECONS529Microeconometrics19B (Hamilton)
The purpose of this paper is to provide students with skills in microeconometrics that should enable them to carry out a wide range of empirical analyses using either cross-sectional or panel data on individuals, households or firms. Topics covered include: Maximum Likelihood Estimation: Instrumental Variables and Generalised Metho...
ECONS533Topics in Trade and Development19B (Hamilton)
This paper focuses on selected topics in trade and development. These will include aspects of trade policy and evidence in the world economy and current issues in development microeconomics.
ECONS552Global Trade Modelling19A (Hamilton)
This paper introduces and applies general equilibrium modelling, particularly to international trade issues. Students will have the opportunity to use real-world data and a sophisticated global model in their assignments.
ECONS590Directed Study19C (Hamilton)
Selected topics may be available. Please discuss these with the Graduate Convenor.
ECONS591Economics Dissertation19C (Hamilton)
A report on the findings of a theoretical or empirical investigation.
ECONS592Economics Dissertation19C (Hamilton)
A report on the findings of a theoretical or empirical investigation.
ECONS593Economics Thesis19C (Hamilton)
An externally examined piece of written work that reports on the findings of supervised research.
ECONS594Economics Thesis19C (Hamilton)
An externally examined piece of written work that reports on the findings of supervised research.
MNMGT582Research Methods in Management Studies for Economics and Finance19A (Hamilton)
This paper introduces students to research paradigms commonly used in research in management studies. It will develop skills in the critical evaluation of research literature, the identification of research problems, and the preparation of research proposals. Students completing the paper will develop a proposal for research in the...

800 Level

Code Paper Title Occurrence / Location
ECONS800Economics MPhil Thesis19C (Hamilton)
No description available.

900 Level

Code Paper Title Occurrence / Location
ECONS900Economics PhD Thesis19C (Hamilton) & 19C (Tauranga)
No description available.

Stuart Barrass Stuart Barrass is working with some of Europe’s most innovative companies as a management consultant for Ernst & Young (EY), based at their global headquarters in London. Stuart helps his clients find ways to use or adapt to new technologies. He’s also involved in the EY Startup Challenge,which gives Europe’s best start-ups an opportunity to test their innovations on clients.

Read stories from other students


Scholarships and prizes

New to Waikato? The International Excellence Scholarship is worth up to $10,000.

Visit our Scholarship Finder for information about possible scholarships

Find your scholarship


Economics as a single major for the BBus or BMS(Hons)

If you wish to take Economics as a single major for the Bachelor of Business (BBus) or Bachelor of Management Studies with Honours (BMS(Hons)), you'll need to pass 135 points (9 papers) in this subject area, including at least 105 points above 100-level and 60 points above 200-level.

As all papers are 15 points, you will need to complete 2 x 100-level, 3 x 200-level and 4 x 300-level papers for your major. No more than three 200-level papers may be included in this major.

The specific requirements for a single major in Economics are that you must take the following 9 papers:

  • ECONS101 Business Economics and the New Zealand Economy
  • ECONS102 Economics and Society
  • ECONS200 Understanding the Global Economy
  • ECONS202/301 Economic Growth and Wellbeing
  • ECONS205 Data Analytics with Business Applications
  • ECONS302 Microeconomics and Business Economics
  • Remaining papers are chosen from the following:
    • ECONS203/306 Economics and Strategic Interaction
    • ECONS204/307 Economics of Land, Water and Environment
    • ECONS303 Applied Quantitative Research Methods
    • ECONS304 International Economic Issues
    • ECONS305 Entrepreneurial Discovery and Innovation
  • MNMGT495/496/499 Business Experience paper

No more than three 200-level papers may be included in this major.

For the Bachelor of Business single major in Economics, you must include MNMGT495/6/9 Industry Experience/Internship/Report of an Investigation as part of your major.

There are no additional requirements for the major in Economics within the Bachelor of Business Analysis.

For the BMS(Hons), in fourth year you are required to complete a further 60 points at 500-level in papers relevant to your Economics major.

Economics as a 2nd Major for any bachelor's degree

If you are enrolled in a bachelor's degree that doesn't list Economics, you can normally still take it as a 2nd Major subject. You'll need to pass 120 points (8 papers) in this subject area, including at least 90 points above 100-level, of which at least 45 points must be above 200-level.

As all papers are 15 points, you will need to complete 2 x 100-level, 3 x 200-level and 3 x 300-level papers in Economics.

The specific requirements for a 2nd Major in Economics are that you must take the following 8 papers:

  • 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

Economics as a Minor for any bachelor's degree

If you wish to take Economics as a Minor for any bachelor's degree at the University of Waikato, you'll need to pass 4 papers (60 points) in this subject (ECONS), including at least 2 papers (30 points) above 100-level.

The specific requirements for a Minor in Economics are that you must include:

  • ECONS101 Business Economics and thew New Zealand Economoy

Bachelor of Business Analysis with Honours

To complete the BBA(Hons) majoring in Economics, you must pass 120 points at 500-level, include at least 60 points from one subject area (Economics), and submit a Portfolio of Achievement.

You must also 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 the following:
    • ECON501 Macroeconomic Analysis
    • ECON508 Applied Microeconomics with Game Theory
    • ECON519 Microeconomic Analysis - Methods
    • ECON520 Microeconomic Analysis - Theory
    • ECON528 Econometric Topics: Macroeconomics and Finance
    • ECON529 Microeconometrics
    • ECON543 Applied Econometrics

Graduate Certificate (GradCert) in Economics

To complete the requirements for a Graduate Certificate in Economics, you'll need to pass 60 points at 100-level or above, including at least 45 points at 300-level or above. At least 45 points must be papers in the subject of Economics.

The specific requirements for Economics are that you may include no more than 20 points in Finance (FINAN)-coded papers.

For full details of papers visit papers.waikato.ac.nz/subjects/ECONS

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) in Economics

To complete the requirements for a Graduate Diploma in Economics, you must pass 120 points at 100-level or above, including at least 75 points at 300-level or above. At least 90 points must be from the subject area of Economics.

The specific requirements for Economics are that you must include:

  • Either ECONS200 Macroeconomics and the Global Economy or ECON202/302 Microeconomics and Business Economics
  • No more than two FINA-coded papers from the subject papers' list for Economics
  • Remaining papers can be chosen from those ticked for this qualification in the tick-chart table.

For full details of available papers visit papers.waikato.ac.nz/subjects/ECONS

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

Postgraduate Certificate (PGCert) in Economics

To complete the requirements for a Postgraduate Certificate in Economics, you'll need to pass 60 points at 500-level from the subject area of Economics.

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

Papers can be chosen from those ticked for this qualification in the tick-chart table.

For full details of available papers visit papers.waikato.ac.nz/subjects/ECONS

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

Postgraduate Diploma (PGDip) in Economics

To complete the requirements for a Postgraduate Diploma in Economics, you'll need to pass 120 points at 500-level, including at least 90 points from the subject area of Economics. You'll also need to 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.

The specific requirements for Economics are that you must include at least one of the following papers:

  • ECON501 Macroeconomic Analysis
  • ECON508 Applied Microeconomics with Game Theory
  • ECON528 Econometric Topics: Macroeconomics and Finance
  • ECON529 Microeconometrics
  • ECON543 Applied Econometrics

Remaining papers can be chosen from those ticked for this qualification in the tick-chart table.

For full details of available papers visit papers.waikato.ac.nz/subjects/ECONS

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

Master of Management Studies (MMS) in Economics or Applied Economics and Finance

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

  • Take 30 points in recognised graduate research methodology papers, which must include:
    • MNGT502 Research Methods in Management Studies for Economics and Finance
    • 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 either 'Economics' or 'Applied Economics and Finance'
  • Meet with the department's Graduate Convenor to discuss an appropriate personal programme of study

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 ECON508 Applied Microeconomics with Game Theory
  • Econometrics: One of either: 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 either: ECON501 Macroeconomic Analysis, or ECON508 Applied Microeconomics with Game Theory
  • One of ECON528 Econometric Topics: Macroeconomics and Finance, or ECON529 Microeconometrics, or ECON543 Applied Econometrics
  • FINA510 Financial Theory and Corporate Policy
  • FINA517 Investments, Portfolios and Financial Markets

Remaining papers can be chosen from those ticked for this qualification and subject in the tick-chart table (for Applied Economics and Finance, also see the Finance tick-chart for futher papers that can be included).

For full details of available papers, visit papers.waikato.ac.nz/subjects/ECONS

Please note: You may need to meet 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)

Location: MSB.1.50, Hillcrest Road, Waikato Management School, University of Waikato, Hamilton
Phone: +64 838 4303
Email: msc@waikato.ac.nz
Website: www.management.ac.nz/msc

Opening hours: 8.45am - 4.45pm Monday to Friday

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

Economics subject convenors:

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

Dr Susan Olivia
Senior lecturer in economics
Email: susan.olivia@waikato.ac.nz

Dr Dan Marsh
Senior lecturer in economics
Email: dan.marsh@waikato.ac.nz

Dr Gazi Hassan - MNMGT495/499/599 enquiries
Senior lecturer in economics 
Email: gmhassan@waikato.ac.nz