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.
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.
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:
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.
This is the final part to the Bachelor of Business degree and takes a full semester of study. You have the opportunity to apply what you have learnt in your major(s) to the real world in a business, not-for profit organisation, or entrepreneurial venture. You choose 1 of the 3 following papers:
1) Co-operative Education
A supervised industry placement related to your major in an organisation of your choice. Placements can be done either in New Zealand or overseas. Recent placements included Auckland Council, Vodafone and Telecom.
2) Students in Free Enterprise (SIFE)
You work as part of a team and create and manage a project to benefit a group within a New Zealand community.
3) Applied Project (normally by invitation only)You do a supervised individual or group project based within an academic department in the AUT Business School. This option is primarily aimed at those students interested in continuing on to postgraduate study.
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