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Economics is a social science that studies society's production, distribution, and consumption of goods and services. It can be intellectually stimulating and practical, providing insights into how societies allocate resources and make decisions. Economics seeks to understand and analyse the behaviour of economic agents, the functioning of the markets, and how various policies and decisions impact the overall well-being of society and individuals.
While studying economics in New Zealand, students will develop problem-solving, data analysis, computing and written and oral presentation skills, which are highly regarded and sought after in today’s economic climate.
Joint Honours degrees are also available, while subjects such as history, law, and politics will help craft how you see the past and future of economics. Modules throughout the degree include statistics, sustainable development, microeconomics, macroeconomics and decision theory.
Economics is a highly interdisciplinary subject that draws concepts from mathematics, statistics, sociology, psychology, and political science. It is classified into two main categories: microeconomics and macroeconomics.
Microeconomics focuses on the behaviour of individual economic agents, such as consumer firms, government organizations, firms, etc., and their interactions. Macroeconomics deals with the country's overall economy on a broader scale. It sheds light on the issues such as GDP (Gross Domestic Product), inflation, unemployment, etc.
A Bachelor’s degree in Arts and a Bachelor’s degree in Science in Economics focus on the functional and foundational structure of economic principles and theoretical aspects, both macroeconomics and microeconomics. The curriculum involves coursework in mathematics, statistics, econometrics, and other financial subjects. A degree in economics can lead to jobs in finance, government, and research sectors.
M.A. in Economics focuses on studying economics as a discipline at an advanced level. It is concerned with the theoretical portions of the subject. On the other hand, an MSc in economics involves studying economic principles. The curriculum primarily consists of mathematical analysis and theoretical knowledge. A master's in Economics in New Zealand can lead to jobs in economics and finance, or one can pursue a PhD for better career prospects.
A PhD in Economics is a doctorate that studies applied economics, game theory, energy economics, etc. The curriculum covers corporate finance, international trade, economic issues, etc. These subjects are categorized into electives and core courses. The course aims to create critical, curious, and independent thinkers who can undertake original research. After completing a Ph.D., one can work as a professor, stockbroker, auditor, banker, industrial organization economist, etc.
These short programs intend to provide the equivalent of a major in a different subject area to the first year’s degree major.
Universities such as Massey University and Victoria University of Wellington offer online and distance learning courses in Economics. Studying Economics courses in New Zealand online allows students to learn remotely. Flexible options are available for working professionals.
New Zealand offers economics in various specializations for different degrees. Only some of the programs are available in Hons and Cojoint. To know more about the specializations and programs, speak to an SI-New Zealand consultant.
New Zealand offers scholarships and financial assistance for international students. Financial aid varies widely in terms of values, advantages, duration, and qualifying conditions, and government agencies and universities fund these scholarships.
|
Type of scholarship |
Offered by |
Scholarship awarded |
|
Vice-Chancellor’s Scholarships for international students |
University of Otago |
$10,000 |
|
Vice Chancellor’s International Excellence Scholarship |
University of Waikato |
$15,000 |
|
Manaaki New Zealand |
Massey University |
$3,000 |
Economics has a significant role in the industry, as it improves business practice. In the current scenario, economics is applied everywhere, which can make a career in economics lucrative.
|
Job Profile |
Average Salary |
|
Economist |
$6,382 - $52,997 |
|
Financial Advisor |
$2,408 - $12,044 |
|
Economics teacher |
$3,131 - $12,044 |
|
Business reporter |
$1,916 - $9,633 |
|
Supply chain analyst |
$2,999 - $12,044 |
|
Product Manager |
$6,613 - $37,342 |
To learn more about the best economics courses in New Zealand, find details on the top ranking Economics & Econometrics universities in the QS World University Rankings by Subject 2024 below:
|
Rank |
University |
Acceptance Rate |
|
1 |
45% |
|
|
2 |
58% |
|
|
3 |
64% |
|
|
4 |
65% |
|
|
5 |
50% | |
|
6 |
70% | |
|
7 |
50% | |
|
8 |
80.6% |
If you want to study economics at a New Zealand university, arrange a free consultation with SI-New Zealand today.
The University of Waikato, the University of Otago, Massey University, and the University of Auckland are some of the top universities for economic studies in New Zealand. They offer different specializations, such as MS Applied Finance and Economics, BS Economics, etc., with high pay scales in the market once graduated.
If you have pursued a degree level 7 qualification or higher, you can work on a post-study visa. This visa will allow you to work for up to three years after graduating.
"SI-New Zealand helped me successfully apply to study business in New Zealand and I cannot thank them enough for their support. They assisted me with each step, ensuring I was aware of all my options in terms of program and university selection, making the process totally stress free."
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