Intermediate level study of microeconomic analysis, including the development of theoretical models of consumer and producer optimisation. The perfectly competitive model is extended to incorporate differing market characteristics and associated consumer and producer behaviour.
Macroeconomic and microeconomic policies and problems of unemployment, inflation, balance of payments, growth, market distortions and public goods. Justification for government intervention and its effectiveness. Application of economic principles will be stressed and social considerations incorporate emphasis on the New Zealand experience.
An introduction to fundamental economic principles and concepts and their application in the sport sector. Particular emphasis will be placed on the organisation and the structure of sports leagues, public finance and sports, and labour market issues.
Economic principles applied to decision problems of managers in a business organisation. Analysis of costs, revenues and profits in relation to a firm's objectives. Emphasis on pricing policy, investment decisions, advertising and promotion expenditure.
The treatment of land resource questions in economics, including changing theoretical approaches to land and the income from the land, factors influencing the behaviour of land markets, environmental economics and land use, specific models of land use patterns, the question of the efficient use of land resources, estimating changing land use requirements, taxation in relation to land markets, location decision.
An introduction to the techniques of quantitative analysis in finance and economics. Applications of these techniques will cover a broad range of topics. Appropriate software packages will be utilised.
Microeconomic analysis will be applied to problems in consumer behaviour, business strategies and investment choice, resource allocation and regulation.
178.308 Economic Analysis of Money, Banking and Financial Markets15 credits
This course analyses the causes, characteristics and consequences of business cycles. A neo-classical framework is applied to situations commonly seen in small open economies such as New Zealand. The role and importance of financial markets is highlighted and used to prescribe optimal government policy in many frequently observed macroeconomic situations.
Theoretical and empirical aspects of economics (benefit-cost analysis) and financial project evaluation. Consumption/investment decisions; discounted cash-flow techniques; cost of capital financing; risk and uncertainty; and shadow pricing for economic policy. Emphasis is on practical applications, using microcomputers, to projects and investments in developed and developing countries.
178.352 Survey of International Economics15 credits
This capstone course conducts application-rich and current economic studies of the real and financial transactions between nations and analyses practical problems in the changing world economy.
178.358 International Trade in Agri-food Products15 credits
Agri-food trade today. Gains from trade and barriers to trade. Agri-food trade policies in the EU, USA and selected Asian countries. The WTO and agri-food trade liberalisation. Measuring the impacts of trade liberalisation on developed and developing economies. Macroeconomics of agri-food trade. Linkages between agriculture, trade and environment.
178.360 Natural Resource and Environmental Economics15 credits
An introduction to the application of economic analysis to environmental and natural resource management issues and policies.
The course provides an advanced exposition and critical assessment of selected topics from macroeconomic theory and policy. The general focus will be on the issues of short and long term effects of macroeconomic policies on the economy. The relationship between theory and empirical research is also examined.
178.703 The Theory and Practice of Economics30 credits
This course is a survey of developments in macroeconomic and microeconomic theory with extension into contemporary issues and practice.
178.712 International Monetary Economics30 credits
This course is concerned with the monetary and macroeconomic relationships between countries. It deals with such issues as balance-of-payments problems and policies, the functioning of foreign exchange rate markets, the determination and causes of exchange-rate movements, the international monetary system, and derivative instruments including swaps, options and futures.
Subject areas to be covered include microeconomics for healthcare, the economics of politics and bureaus, demand for healthcare, the supply and organisation of healthcare, hospital behaviour, moral hazard, cost-benefit analysis in health, private versus public provision of healthcare and contemporary policy issues.
Computer-based specification, estimation and validation of econometric models for policy analysis and forecasting. Linear and multiplicative regression models, logit models, hazard models, cohort analysis, and time series methods are applied through computer programming and statistical packages. Also offers an in-depth discussion of the treatment of common problems encountered in empirical data analysis.
This course introduces students to advanced methods used in econometrics and forecasting. Topics include time-series analysis; testing and model selection; simultaneous equations; nonstationarity; vector autoregressive models; causality and exogeneity; binary choice models and panel data analysis.
An economic analysis of the global food markets with emphasis on international trade, agri-food policies, and on the industrial organisation of the contemporary food sector.
178.741 Research Methods in AgriCommerce15 credits
An introduction to advanced methods used in agricommerce research. A selection of the basic research principles illustrated with examples from agricultural production and marketing, agribusiness management and consumer economics. This course has a practical orientation.
178.742 Environmental Economics for Non-Economists15 credits
Economic analysis of policy management issues in the use of natural resources and the environment. Concepts and principles will be discussed and applied to issues such as fisheries, land, water and climate change.
178.755 Economic Growth, International and Development Economics30 credits
A critical assessment of topics from economic growth, international economics and the nature and measurement of development. There is an emphasis on the empirical and policy implications of development strategies including the relationship between managing development, role of the State, international economy, globalisation, trade theory and policy, global crises, and macroeconomic policy.
A study of macroeconomic and microeconomic theory in the context of a modern open economy.
178.775 The Economics of Knowledge and Innovation30 credits
An introduction to the complex process of innovation and its many dimensions in advanced and emerging knowledge-based economies. The nature of knowledge, innovation and intellectual property, the microeconomics and macroeconomics of innovation, and policy at the firm and macro levels are examined in the context of a globalised world economy that faces major economic and environmental challenges.
Candidates will undertake professional practice within the subject area in which the Master of Management is being completed. Professional Practice may be conducted either individually or in groups and assessment of the outcome of the investigation may be in a variety of ways including written and oral presentations and case studies