Bachelor of Business - Economics major
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
Part OnePapers 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.
Part ThreeCo-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
Economics major papers (105 points):
Level Seven (select three):
ECON701 Applied Microeconomics
ECON702 Applied Macroeconomics
ECON703 Applied Econometrics
ECON704 Industrial Organisation
ECON705 Economics, Natural Resources and Society
ECON706 Growth and Development Economics
ECON707 Economics of Labour & Health Policy
ECON708 International Trade Economics
FINA701 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
Last updated: 28-Jan-2016 10.39am
The information on this page was correct at time of publication. For a comprehensive overview of AUT qualifications, please refer to the Academic Calendar.