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Study Economics at Otago

    A framework for thinking

    Economics is about choice and is at the heart of decision-making. Governments, businesses and individuals are all faced with making choices in situations where resources are scarce.

    Economics is not just a subject, it is a way of thinking, and provides a logical way of looking at a variety of issues. That’s why Otago Economics graduates are so well regarded – they are leading problem solvers and think outside the square.

    Why study Economics?

    Economics is an exciting, dynamic, contemporary field. Economics affects everyone and applies to a range of disciplines including business, politics, history, law, health sciences and biotechnology. It deals with topics such as unemployment, economic growth, housing, income inequality, international trade, sustainable development and the environment. You name the field, Economics plays a part.

    Studying Economics teaches you how to examine people's ideas and come to your own soundly-based conclusions. No matter what career you're aspiring to, you will find Economics invaluable.

    Career opportunities

    Otago Economics graduates are well known for their wide range of analytical, problem solving and decision-making skills, and are in high demand by employers. There are literally countless jobs for Economics graduates. You could be a policy analyst, a business consultant, an economics researcher, a financial adviser, a diplomat, a teacher, a bank manager or a journalist. An Economics background would also be invaluable for someone contemplating setting up his or her own business.

    Our graduates can be found in jobs across the public and private sectors, for example:

    • Ministry of Business, Innovation and Employment
    • Ministry of Foreign Affairs and Trade
    • OECD
    • Infometrics
    • Reserve Bank
    • Treasury
    • Statistics New Zealand
    • Inland Revenue
    • Banking – national and international
    • Health authorities
    • Local governments and planning authorities
    • United Nations

    Economics at Otago

    Economics is all about choice. This also applies to how you study the programme.

    Economics can be studied as:

    • the major for a Bachelor of Arts (BA), Bachelor of Commerce (BCom) or Bachelor of Science (BSc) degree
    • one of the majors for a BACom, BComSc or BASc combined degree
    • part of the multidisciplinary major in Philosophy, Politics and Economics (PPE) for the BA or BCom

    The choice is yours!

    Teaching style

    Each paper is taught in a lecture format and most papers include weekly tutorials where you'll have the opportunity to discuss the lecture topics in more detail. Just like at secondary school, assessment will include assignments, tests, essays and exams.

    Double major/degree options

    Economics complements a range of other majors and degree programmes such as Finance, Accountancy, Marketing Management, Management, Law, Political Studies, Philosophy, History, Geography, Psychology, Mathematics and a range of languages. The options are endless.

    Student exchange

    The University of Otago has exchange agreements with more than 100 institutions in over 30 countries. If your marks average B or better, you may qualify to attend one of these institutions for one semester or for a year. You pay only your New Zealand fees and complete your qualification within the same timeframe as if you'd never been away. Commerce students are also encouraged to participate in one of the more than 50 specific business exchanges the Otago Business School offers.

    Recommended high school subjects for undergraduate study

    There are no prerequisite subjects to study Economics – you don't even have to have studied Economics at school. However, you might find English, Mathematics or Statistics useful subjects to study – especially if you want to major in Economics.

    Choose a study option

    Whether you're embarking on your academic journey with our comprehensive undergraduate programmes or aiming to reach new heights through our advanced postgraduate offerings, Otago is here to support your aspirations.

    Undergraduate qualifications

    For new and current students studying towards a Bachelor's or other first degree. Explore undergraduate qualifications at Otago, designed to build a strong foundation in your chosen field, preparing you for a successful career or further study.

    Note: this subject can also be studied as a minor.

    Ready to apply?

    Take the first step towards your future in this subject.

    Further study opportunities

    Whether you are looking to bridge your undergraduate studies to advanced knowledge or aiming to specialise in a specific field, Otago offers a range of graduate and postgraduate options to suit your aspirations.

    Programme details

    Compare programmes for this subject.

    LevelPapersPoints
    100-level BSNS 113 Economic Principles and Policy 18
    ECON 112 Principles of Macroeconomics 18
    200-level ECON 201 Microeconomics, or ECON 271 Intermediate Microeconomic Theory 18
    ECON 202 Macroeconomics 18
    One further 200-level ECON paper 18
    300-level Four 300-level ECON papers 72
    Plus 198 further points; must include 54 points at 200-level or above. 198
    Up to 90 points may be taken from outside Arts  
    Total   360

    LevelPapersPoints
    100-level BSNS 113 Economic Principles and Policy 18
    ECON 112 Principles of Macroeconomics 18
    BSNS 111 Business and Society, BSNS 112 Interpreting Business Data, BSNS 114 Financial Decision Making, BSNS 115 Accounting and Information Systems – must normally be taken in first year of study 72
    200-level ECON 201 Microeconomics, or ECON 271 Intermediate Microeconomic Theory 18
    ECON 202 Macroeconomics 18
    One further 200-level ECON paper 18
    300-level Four 300-level ECON papers 72
    Plus 126 further points; must include 54 points at 200-level or above.Up to 90 points may be taken from outside Commerce. 126
      Every programme must include BSNS 111-115. At least three of these papers must be passed before enrolling in any 200-level Commerce paper, and all must normally be passed before enrolling in any 300-level Commerce paper. For single-degree BCom students, all five must be attempted in the first year of study or equivalent.

    Any student who completed PTWY 111 before enrolling in the BCom degree shall be exempt from the requirement to complete BSNS 113. Any student who has completed PTWY 112 before enrolling in the BCom degree shall be exempt from the requirement to complete BSNS 114.

    STAT 110 or STAT 115 will be accepted as an alternative to BSNS 112 as a required paper or as part of the major subject requirements or as a prerequisite when:
    (a) the paper has been passed before the student has enrolled for a BCom degree; or
    (b) a student is enrolling for both a BCom and another degree for which STAT 110 or STAT 115 is required.

    A candidate completing the requirements for the degree of Bachelor of Commerce and Bachelor of Laws is able to satisfy the CPA/CAANZ accreditation requirements by substituting:
    a) LAWS 202, LAWS 203, LAWS 204, LAWS 301 and LAWS 407 in place of BLAW 211 and BLAW 212
    b) LAWS 416 in place of ACTP 312.

     
    Total   360

    LevelPapersPoints
    100-levelBSNS 113 Economic Principles and Policy18
    ECON 112 Principles of Macroeconomics18
    MATH 130 Fundamentals of Modern Mathematics 118
    STAT 110 Statistical Methods18
    200-levelECON 202 Macroeconomics18
    ECON 210 Introduction to Econometrics18
    ECON 271 Intermediate Microeconomic Theory18
    300-levelFour 300-level ECON papers72
    Plus162 further points; must include 54 points at 200-level or above.

    Up to 90 points may be taken from outside Science
    162
    Total 360

    A minor subject can be included in many of our undergraduate degrees. To earn a minor, you typically must complete a minimum of 90 points in that subject, with at least 18 points at the 300-level.

    Your minor can be a subject more commonly taken for a different degree. For example, a BCom majoring in Marketing can include Japanese as a minor subject. To include this subject as a minor in your application, first find a major subject through our Subject Search or Study Match.

    You can check what’s required to receive the minor accreditation in the programme details below.

    Available as a minor subject for a Bachelor of Arts (BA), Bachelor of Music (MusB), Bachelor of Performing Arts (BPA), Bachelor of Theology (BTheol), Bachelor of Science (BSc), Bachelor of Commerce (BCom), Bachelor of Entrepreneurship (BEntr), Bachelor of Health Science (BHealSc), or Bachelor of Arts and Science (BASc) degree

    LevelPapersPoints
    100-level

    BSNS 113 Economic Principles and Policy

    ECON 112 Principles of Macroeconomics

    18

    18

    Above 100-level

    Three ECON papers at 200-level or above, including at least one of:
    ECON 201 Microeconomics
    ECON 202 Macroeconomics
    ECON 271 Intermediate Microeconomic Theory

    and at least one at 300-level.

    54
    Total 90

    Papers

    View a list of all related papers below.

    ECON papers

    Paper Code Year Title Points Teaching period
    ECON112 2025 Principles of Macroeconomics 18 points Semester 2
    ECON201 2025 Microeconomics 18 points Semester 1
    ECON202 2025 Macroeconomics 18 points Semester 2
    ECON206 2025 The World Economy 18 points Semester 2
    ECON207 2025 Environmental Economics 18 points Semester 1
    ECON210 2025 Introduction to Econometrics 18 points Semester 1
    ECON271 2025 Intermediate Microeconomic Theory 18 points Semester 1
    ECON301 2025 Labour Economics 18 points Semester 1
    ECON302 2025 International Trade 18 points Semester 2
    ECON303 2025 Economics of Developing Countries 18 points Semester 2
    ECON306 2025 Economics of Health and Education 18 points Semester 2
    ECON308 2025 Public Economics 18 points Semester 1
    ECON316 2025 Open Economy Macroeconomics 18 points Not offered in 2025
    ECON317 2025 Urban and Regional Economics 18 points Not offered in 2025
    ECON318 2025 Behavioural Economics 18 points Semester 1
    ECON319 2025 Game Theory 18 points Not offered in 2025
    ECON350 2025 Special Topic 18 points Not offered in 2025
    ECON351 2025 Special Topic 18 points Not offered in 2025
    ECON371 2025 Microeconomic Theory 18 points Not offered in 2025
    ECON375 2025 Econometrics 18 points Semester 2
    ECON376 2025 Macroeconomic Theory 18 points Not offered in 2025
    ECON377 2025 Mathematical Economics 18 points Semester 2
    ECON410 2025 Advanced Microeconomic Theory 20 points Semester 2
    ECON411 2025 Advanced Macroeconomic Theory 20 points Semester 1
    ECON412 2025 Macroeconometrics 20 points Semester 1
    ECON413 2025 Microeconometrics 20 points Semester 1
    ECON480 2025 Dissertation 40 points Full Year
    ECON485 2025 Master's Thesis Preparation 20 points Semester 1, Semester 2, Full Year
    ECON492 2025 Dissertation for Philosophy, Politics and Economics 60 points Full Year
    ECON502 2025 Growth, Institutions and Development 20 points Not offered in 2025
    ECON503 2025 Monetary Economics 20 points Semester 2
    ECON505 2025 The Economics of Natural Resources and Public Choice 20 points Not offered in 2025
    ECON506 2025 Labour and Population Economics 20 points Semester 2
    ECON507 2025 Topics in Advanced Economics 20 points Semester 2

    More information

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