Principles of Economics 2

University of Otago

Course Description

  • Course Name

    Principles of Economics 2

  • Host University

    University of Otago

  • Location

    Dunedin, New Zealand

  • Area of Study

    Business, Economics

  • Language Level

    Taught In English

  • Prerequisites

    BSNS 104

  • Course Level Recommendations

    Upper

    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.

    Hours & Credits

  • Credit Points

    18
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    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.

    Learning Outcomes
    The emphasis is on understanding economic principles and models, and their application to real world issues.

    Textbooks
    Principles of Economics, University of Otago Custom Edition, by Mankiw et al, Cengage Learning, 2012

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