Course details

Summary

Economics is the study of how people behave. Every day, people and society are confronted by choices. Should you go to university or start a career? What should you do with your next dollar? Should the government raise the minimum wage, or not? How do we address the big issues in the world such as poverty and climate change?

Choices involve trade-offs where we are choosing between two things. The outcomes of choices have both costs and benefits to consider. Economics is the study of how people and societies make such decisions in the production, exchange, distribution and consumption of goods and services.

Qualification structure and duration

Part I of the MSc usually consists of coursework while Part II usually consists of a thesis or dissertation. Coursework must be satisfactorily completed in Part I before the student can proceed to Part II. The requirements vary depending on your choice of subject, as some subjects require only Part II.

Duration

• Part I and Part II must be completed in two years full-time; up to four years part-time.
• Part I must be completed full-time in one year.
• Part II is completed full-time in one to two years or, with the Dean of Science's permission part-time in up to four years.

Career opportunities

Graduates in Economics find employment in many areas of government and business, where it is recognised that an economist's education provides valuable specialist training for a professional career as well as good general preparation and background for an executive, entrepreneurial or administrative career.

The increasingly large volume of information available to decision makers has created a demand for people with well-developed quantitative analysis skills, such as those developed in econometrics.

Professional economists are employed to conduct research and give advice on economic matters in various organisations such as government ministries and state-owned enterprises (eg, Treasury, Health, Social Development, Agriculture and Forestry, and Foreign Affairs and Trade). Graduates also find work in marketing organisations, the Reserve Bank, Statistics New Zealand, trading and merchant banks, stock broking, insurance, trade commissions, local authorities, market research and other consultancies, and large businesses.

Those who are passionate about economics and education can also go on to teaching careers in schools or universities.

Entry criteria

Candidates must have completed one of the following:

• Bachelor of Science
• Bachelor of Science with Honours*
• Bachelor of Speech and Language Pathology with Honours
• Postgraduate Diploma in Science*
• Postgraduate Diploma in Engineering Geology
• or any bachelor's degree and a qualifying programme.

* Students who have qualified for a Bachelor of Science with Honours or Postgraduate Diploma in Science in a subject may be admitted to a MSc Part II (by thesis-only) in that subject.

Other English language requirements: TOEFL PBT with a minimum score of 575 and TWE with a minimum score of 4.5; CCEL EAP Level 2 with a minimum B+ grade; CAE or CPE score of 176 with a minimum of 169 in reading, writing, listening and speaking; Pearson Test of English (Academic) - PTE with an overall score of 64 and no PTE communicative skills score below 58.