University of Otago
Dunedin, New Zealand
Area of Study
Taught In English
BSNS 104 and ECON 112
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
Provides a working knowledge of macroeconomic theory and policy.
In Macroeconomics, we seek to understand the overall economic performance of a nation or region. The purpose of this paper is to explore current macroeconomic ideas and theories, and to learn how these concepts can be applied in the modern commercial environment (all while developing employable skills for future jobs in consulting and industry). Topics covered include: economic growth and development, business cycles, money and inflation, saving and investment, unemployment and the labour market, fiscal policy, monetary policy, international trade and real exchange rate determination.
Students who successfully complete the paper will be able to:
1. Construct models of growth, inflation and business cycles and use these models to assess the state of the economy
2. Describe the impact of fiscal/monetary policies on the state of the economy (growth, inflation, business cycles)
3. Apply macroeconomic concepts in an employment context
Discipline-specific objectives:This paper intends to develop skills and abilities related to continued success in the economics major/minor. These include:
1. Using advanced economic vocabulary and concepts effectively
2. Using formal (mathematical) models to support arguments and make predictions
3. Exhibiting basic knowledge about current controversies, topics of interest and data sources
4. Exhibiting competency in the use of conceptual skills (including basic maths and interpretation of data, written and verbal communication and deductive/inductive reasoning)
Frederic S. Mishkin (2015), Macroeconomics: Policy and Practice, Global edition, Second edition, Boston: Pearson.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.