Principles of Economics 2
University of Otago
Dunedin, New Zealand
Area of Study
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
Builds on the material in BSNS 104, and extends the analysis of market economies and how they work in parts and as a whole, both in New Zealand and in international contexts. Topics covered include economic growth, labour markets, saving and capital formation, consumer choice, perfect competition, monopoly and other forms of imperfect competition, the economics of information, externalities, public goods and the appropriate role of government.
Follows on from BSNS 104, and extends the analysis of market economies in New Zealand and international contexts. Topics include: consumer choice, labour markets, economic growth, business cycles, monetary policy and the role of the Reserve Bank, the global financial crisis (GFC), information economics , externalities, environmental economics and the appropriate role of government.
The emphasis is on understanding economic principles and models, and their application to real world issues.
Principles of Economics, University of Otago Custom Edition, by Mankiw et al, Cengage Learning, 2012
Courses and course hours of instruction are subject to change.
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