
ECONS301-20A (HAM)
Economic Growth and Wellbeing
15 Points
Staff
Convenor(s)
Mark Holmes
4454
MSB.2.20
mark.holmes@waikato.ac.nz
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Lecturer(s)
Mark Holmes
4454
MSB.2.20
mark.holmes@waikato.ac.nz
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Administrator(s)
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Paper Description
This paper enables students to appreciate key macroeconomic models relevant to understanding economic growth and well-being. Macroeconomists study those aspects of well-being that relate to overall economic outcomes such as economic prosperity and full employment. In doing so, macroeconomists study the overall behaviour and interaction of output, consumption, saving, investment, wages and profits, government expenditure and revenue, imports and exports, inflation, money, interest rates and exchange rates. In this paper, we focus on a range of questions relevant to growth and well-being that macroeconomists attempt to answer. These questions include: What determines economic growth? Can policies influence a country’s economic growth? What is the evidence to support growth theories and policies? What determines inflation? What determines unemployment? What is the relationship between inflation and unemployment? What policies are available to influence inflation and unemployment? What determines the exchange rate? What is the relationship between exchange rates and interest rates? Should governments intervene in the foreign exchange market? These types of headline questions are important for a wide-ranging audience that includes economists, analysts, forecasters, decision-makers and advisers working in the private, public and international sectors.
Paper Structure
Learning Outcomes
Students who successfully complete the course should be able to:
Assessment
Assessment Components
The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam.
Required and Recommended Readings
Required Readings
Please click reading list for more details.
Blanchard O., (2017), Macroeconomics, Global Edition, Seventh Edition, Pearson.
Recommended Readings
Mishkin, F.S. (2015): Macroeconomics Policy and Practice, 2nd Edition, Pearson.
Other Resources
Mankiw, N. G., Bandyopadhyay, D. and P. Wooding (2009): Principles of Macroeconomics in New Zealand, 2nd Edition, Cengage.
Online Support
Workload
Linkages to Other Papers
Prerequisite(s)
Prerequisite papers: ECONS200 or ECON200
Restriction(s)
Restricted papers: ECON301 and ECON401