Course Information
What is Economics about?
Economics examines the choices people make about the use of limited resources to satisfy unlimited wants. Economics helps to explain and predict how goods and services will be produced and consumed. It will tell you who gets what, how, and why.
Economics explores issues of
- Sustainability (efficient use of scarce resources)
- Enterprise (identifying profit-maximising levels of output)
- Citizenship (economic decisions affecting New Zealand society)
- Globalisation (the benefits of international trade).
Economists are interested in the factors that influence the well being of people and aim to find solutions to improve people’s standard of living.
Why Study Economics?
If you study economics you will think differently to others.
Helps to solve issues people face in their everyday lives.
Economics students explore decisions that directly affect their lives, such as:
- Whether to do homework or go to a movie
- Extract mineral resources today or save them for the future
- Charge the full price or subsidise education to make it more accessible.
By studying economics, students will consider how New Zealanders are affected by the economic decision-making of individuals, communities, businesses, and government agencies in New Zealand and overseas.
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