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.

The UC Doctor of Philosophy (PhD) is a research-only degree carried out under expert supervision and using world-class facilities.

A PhD involves extensive, sustained and original research and study in your chosen subject, with the results being presented in a thesis that will contribute to intellectual knowledge of the field. It is a mark of intellectual ability, self-discipline and commitment. A PhD prepares you for a number of careers, including as an academic.

The minimum period of enrolment for a full-time candidate is two years and the maximum period four years; most PhD students take between three and three-and-a-half 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

Enrolment in a PhD requires completion of a research-focused honours or master's degree at first-class or second-class division 1 level (or equivalent qualifications). Applicants with qualifications from outside New Zealand must have been granted admission to the University.

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.