Economics is fundamental to all areas of business operations and government policies. Economics offers a way of thinking about how individuals, firms and governments make decisions about allocating increasingly scarce resources. Economic theory can be applied to a wide range of issues –including economic growth and stabilisation, international trade agreements, pollution controls and minimum labour standards. Economists with rigorous analytical and communication skills are highly sought after in the private and public sector.
The Economics major in the Bachelor of Business (BBus) degree provides you with a sound understanding of economic concepts and theories, and insight into strategic and quantitative analysis. You learn to analyse public policy, develop your report writing skills and model the strategic behaviour of firms. Papers cover key economic topics including pricing policies, international trade and finance, economic development in Asia and the Pacific region, and competitive advantage.
- Complements other majors such as finance, international business, marketing, management and a law degree
- Real business experience through an applied business project or a work placement (recent placements included Auckland Council, Vodafone and Telecom)
- Includes an introduction to SAS, STATA and other data-handling and statistical software packages
- Research active staff with strong links to Motu Economic and Public Policy Research, Treasury, Auckland Council, Ministry of Social Development, Department of Labour and the Reserve Bank
- Opportunity to go on a student exchange to the US, Europe or Asia
- Leading research department: 100% research active rating received in the latest research qualifications assessment of NZ universities (2006 Performance Based Research Fund)
- Weekly seminar series run by the department – showcasing current research by AUT staff and visiting academics
- The AUT Business School is among an elite group of 5% of business schools worldwide accredited by AACSB International – the Association to Advance Collegiate Schools of Business
The economics major provides the skills needed for analysing and implementing solutions to many of the critical problems facing society today. It offers ways of thinking about how individuals, firms and governments make essential decisions about allocating increasingly scarce resources.
You will gain insights into international trade and foreign currency exchange markets, learn how prices can alter consumer and producer behaviour and analyse data to forecast economic outcomes.
Structure and content
Papers in part 1 provide you with an introduction to the roles of business and fundamental concepts in business disciplines. You complete 5 core papers in part 1 which are:
- Business in Context (30 points)
- Management and Organisation (15 points)
- Accounting for Decision Making (15 points)
- Quantitative Methods for Business (15 points)
- Economic Principles I (15 points)
In addition to the 5 core papers, in order to major in Economics you must complete the elective paper Economics Principles 2 (15 points) and you choose 1 elective paper from the list below, or from elsewhere in the university:
- Introduction to Finance (15 points)
- Fundamentals of Marketing, Advertising, Retailing and Sales (MARS) (15 points)
- Business Information Systems (15 points)
- Design Thinking (15 points)
- Introduction to Tourism (15 points)
- Leadership for Sustainable Enterprise (15 points)
- Introduction to Entrepreneurship and Innovation (15 points)
- Law in Our Contemporary World (15 points)
Over the next 2 years, you will acquire an understanding of how economic theory can be applied to a wide range of issues faced by consumers, businesses and governments. You will gain valuable insights into international trade and foreign currency exchange markets, learn how prices can alter consumer and producer behaviour and analyse data to forecast economic outcomes.
Co-operative Education is the final part of the BBus and takes a full semester of study. This is a supervised work placement related to your major(s) in an organisation of your choice. You have the opportunity to apply what you have learnt in your major(s) to the real world in a business, not-forprofit organisation, entrepreneurial venture or an applied project. Placements can be done either in New Zealand or overseas.
Recent placements included:
- Auckland Council
Further information about Co-operative Education
Economics major papers (105 points):
375002 Economic Principles 2
376307 Introduction to Econometrics
Level Seven (select three):
347001 Economics, Natural Resources and Society
377402 Managerial Economics and Organisations
377406 Growth and Development in the Asia-Pacific Region
377407 Human Resource Economics
377408 International Trade Economics
377409 Economics of Strategy
377410 Applied Econometrics
397001 International Corporate Finance
- Acquisition manager
- Business risk auditor
- Financial markets analyst
- Investment banker
- Policy advisor in a government ministry
- Researcher in a consulting firm or non-profit organisation
- Strategic planner in a local council
Please visit our AUT Postgraduate Business Qualifications page to view our range of postgraduate programmes.
AUT's economics department is one of the country's leading research departments. Find out more about our international rankings, academics and research projects.