TABLE OF CONTENTS - Masseyeconfin.massey.ac.nz/school/documents/AIEHandbook09.pdfDr Alvey’s...

ECONOMICS GROUP - Department of Economics & Finance – PN & Wellington

DISCLAIMER

The information contained in this publication is indicative of the offerings available in 2009 and subsequent years. This information is correct at the time of going to press but may be subject to change. While all reasonable efforts will be made to ensure listed courses are offered and regulations are up to date, the University reserves the right to change the content or method of presentation, or to withdraw any qualification or part thereof, or impose limitations on enrolments should circumstances require this.

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TABLE OF CONTENTS

1. Welcome Message from the Head of the Economics Group 3

2. Staff Profiles 4

3. Undergraduate Economics Programmes 14

Bachelor of Applied Economics 15

Bachelor of Business Studies 19

Bachelor of Business Studies/Bachelor of Science 23

Bachelor of Arts 24

Bachelor of Arts/Bachelor of Science 25

Graduate Diploma in Business studies 27

4. Undergraduate Paper Information 28

5. Postgraduate Economics Programmes 34

Postgraduate Diplomas34

Honours Degree Programmes36

Masters Degree Programmes38

Doctor of Philosophy 41

6. Postgraduate Paper Information 42

7. Textbooks 46

8. Scholarships/Prizes/Awards 50

9. Student Profiles 55

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1. MESSAGE FROM THE HEAD OF ECONOMICS GROUP

Welcome to the Economics Group. It is part of the Department of Economics and Finance, situated within the College of Business on the Massey University Turitea and Wellington Campuses.

This handbook is designed to introduce you to the Economics group and the programmes that we offer. We hope the information it contains will assist you in selecting a programme and papers that suit your aspiration for a successful career in whatever your chosen direction.

The Economics group has established itself as an academic centre of international standard. It builds on Massey University's strengths in applied sciences and technology, and on its excellent international connections and reputation. It also benefits from internationally trained staff, who bring together in the group a wide range of expertise and experience from inside and outside New Zealand. An active academic visitors’ programme enriches research activities in the group.

Most staff members and the Economics Office are located on Level 4, Social Science Tower at the Turitea Campus. Some staff are at the Wellington Campus. You might also like to visit our website http://econ.massey.ac.nz/ for further information on our group.

Please refer to relevant sections on Undergraduate and Postgraduate programmes for detailed information. For further advice on your programme of study, please do not hesitate to contact us.

Good luck with your chosen course of study!

Professor Anton D. MeisterHead of Economics Group

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http://econ.massey.ac.nz/


2. STAFF PROFILES

TEACHING STAFF

Professor Anton D. Meister, MAgrSc Cant., PhD IowaHead of Economics GroupOffice: SST 4.18Telephone: (06) 350 5799 Extn 5371Email: [email protected]

My research interests are very diverse. In the first place they focus around environmental policies (design and evaluation for issues like e.g. nitrate pollution and biodiversity preservation) and natural resource issues (e.g. fishery management, sustainable land management and the allocation of water). Currently I am doing research on, cross-compliance (for environmental policies), policies, water allocation policies, carbon trading, erosion and flood control. I continue to look at the role of benefit-cost analysis and non-market valuation to evaluation policies and programmes. With my masterate students I am looking at measuring the economic impact of natural disasters and the impact of land legislation may have had on development prospects.

While the majority of my work is in developed countries I also spend a lot of time working on issues in developing countries ranging from environmental policies, participatory methods to improve project development, microlending and community development. I collaborate with researchers in the EU, Korea, Philippines and other South East Asian countries. Quite a bit of my work involves contract and consulting work for the NZ Government; farming groups and for overseas organisation and International Funding Agencies.

Dr James Alvey, MEcon Q’ld, PhD TorSenior LecturerOffice: SST 4.23Telephone: (06) 350 5799 Extn 5514Email: [email protected]

Dr Alvey’s interests are mainly in the history of economic thought. Current interests include the history of economics as a moral science, and the relationship between economics and religion. Both themes are relevant to his continuing work on Adam Smith. He has also taught at the University of Queensland and Macquarie University. He has been a visiting researcher at the University of Tokyo and the International Christian University (Tokyo). His teaching at Massey includes course on the history of economic thought and Asia-Pacific economies.

He serves on the Editorial Board for the History of Economics Review. He also serves on the Editorial Advisory Board for the Journal of Markets and Morality and the International Journal of Social Economics.

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Dr Faruk Balli, BS, MS, Ph.D HoustonSenior LecturerOffice: Refectory 3.08Telephone: (06) 350 5799 Extn: 2330Email: [email protected]

Faruk received his PhD from University of Houston in 2007. Prior to joining to Massey University, he worked as a research economist in Central Bank of Qatar and had enough experience in liquidity forecasting of monetary aggregates. His research interests lie on the edge of international macroeconomics and international finance. Currently, Faruk has publications in the selected financial and economic journals. His research areas mainly cover but not limited to the topics of international finance, macroeconomic aspects of international finance, international portfolio allocation, income and consumption smoothing, and modelling the volatility in asset prices.

Mr Stuart Birks, BA(Hons) Essex, MSc LondSenior LecturerDirector of Centre for Public Policy EvaluationOffice: SST 4.11Telephone: (06) 350 5799 Extn 2660Email: [email protected]

Stuart Birks has an interest in broad policy areas and the policy making and implementation process. This includes consideration of the interaction between law and economics, as well as paying specific attention to economic aspects of education, health, social policy, and gender issues. He is joint editor of the international journal, Applied Health Economics and Health Policy, and a long-term member of the Council of the New Zealand Association of Economists, being also joint editor of the Association's newsletter, Asymmetric Information. He is Director of the Centre for Public Policy Evaluation at Massey University.

Dr Sue Cassells, BSc Canterbury, Dip Teaching, MApplEcon.(Dist), PhD

Senior LecturerOffice: Refectory 3.05Telephone: (06) 350 5799 Extn 2094Email: [email protected]

Sue teaches in both Economics and Finance. She is the course coordinator for 178.728 Benefit-Cost Analysis and Environmental Benefit Valuation, and also 125.100 Fundamentals of Finance for both internal and extramural students. Her research interests are in

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environmental economics and also at the interface between business and the environment. She has done work on waste management policy issues and modeling the potential for mitigating greenhouse gas emissions through land use change. Also of interest are environmentally related issues in the context of small firms in New Zealand.

Dr Srikanta Chatterjee, MA Calc., MPhil Sur., PhD LondProfessorOffice: SST4.14Telephone: (06) 350 5799 Extn 3215Email: [email protected]

Professor Chatterjee’s research areas include international trade and international financial issues, both theoretical and applied. He has also been engaged in research involving the application of the computable general equilibrium modelling techniques to simulated trade policy initiatives and their trade and welfare impacts on selected economies. For a number of years now Professor Chatterjee has collaborated in research involving income distribution and inequality in New Zealand since the early 1980s.

Professor Chatterjee has been a NZ Asia 2000 Visiting Professor of New Zealand Studies at Ritsumeikan University, Kyoto, Japan in 1998, and a Japan Foundation Scholar at Tokyo Keizai University in 1996-97. He has collaborated in research projects with scholars in Australia, Bangladesh, India, Japan and U.K. The regional focus of his research is South and South East Asia, Australia and New Zealand.

Professor Hans-Jürgen Engelbrecht, Dip Volkswirt Heidel., MA E.Anglia, PhD Q’ldOffice: SST 4.16Telephone: (06) 350 5968Email: [email protected]: http://www.massey.ac.nz/~hengelbr/

My research programme covers two broad (and often related) areas. One is the analysis of the information- and knowledge-based economy and society, including the ‘new’ and Internet-economy, as well as inter-disciplinary aspects. The second is growth theories and growth empirics, especially the role of human capital and international knowledge spillovers. Recently, I have also researched the relationship of the above to subjective well-being or ‘happiness’.

More specifically, my current research projects and interests include the following: The wealth-happiness relationship, natural capital and sustainable development; the role of human capital and social capital in (sustainable) economic growth & development; the Nelson-Phelps approach and human capital inequality; NZ productivity & economic growth.

I am on the editorial board of the international economics journal Information Economics and Policy and New Zealand editor of the social science journal Prometheus: The Journal of issues in technological change, innovation, information economics, communication and

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science policy. I have been a referee for about 25 international economics journals, and I am currently a member of the College of Business’ research committee.

Associate Professor Rukmani Gounder, BA USP, MA Poona, PhD Q’ldOffice: SST 4.27Telephone: (06) 350 5799 Extn 5969Email: [email protected]

My research expertise and interests include Economic Growth, Economic Development, Applied Economic Analysis (Macro-modeling), and Institutional Economics. The main areas, in particular, focus on foreign capital flows (i.e. foreign direct investment and foreign aid) and economic growth, globalization and growth, aid-growth nexus (fiscal response), dimensions of conflict, governance and institutions in economic development, pro-poor policies, socio-economic development issues, democracy-economic freedom and growth, savings-investment and financial development, and equine industry.

My applied research projects include above-mentioned interests to various developing countries in the Asia-Pacific Regions, namely South East Asian and South Asian countries (Nepal, Sri Lanka, Bhutan, Cambodia, Lao, PDR, Vietnam), South Pacific Island Nations (Cook Island, Niue, Fiji, Kiribati, Solomon Islands, Samoa, Tonga, Tokelau, Vanuatu) and Sub-Saharan Africa, and the determinants of economic growth and in Australia and New Zealand.

Some of my awards and fellowships include SMUTS Fellowship at Cambridge University (UK); Visiting Fellow, Australian National University, National Centre for Development Studies; Visiting Fellowships 2005 – Lund University, Department of Economic History (Sweden), University of East Anglia (UK), Institute of Economic Research (UK). Excellence in Research Prize, College of Business, Massey University – Emerging Researcher Award 1999. Nominated for Prize – Dae-Yang Prize in Economics, Journal of Economic Integration, 2002.

Dr Krishna G Iyer, BCom Bangalore, PGDM TAPMI Manipal, MIEF Q’ld, PhD Q’ldLecturerOffice: SST 4.28Telephone: (06) 350 5799 Extn 2667Email: [email protected]

Krishna Iyer’s research interests are mainly in the areas of macroeconomics and applied econometrics. Current interests include the measurement of technological ability, modelling of efficiency and international direct and portfolio investments. He previously worked at the University of Queensland, wherein he was completing his doctoral dissertation. He has also worked with the Small Industries Development Bank of India in the International Finance and

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Project Finance areas. His teaching at Massey includes Macroeconomics, New Zealand Economy and Economic Policy.

Dr James Obben, BSc(Hons) Ghana, MA Wash. State, PhD New EngSenior LecturerOffice: SST 4.26Telephone: (06) 350 5799 Extn 2671Email: [email protected]

Dr James Obben’s main research interests are in monetary economics and finance in development. Lately, he has been examining central bank independence and economic performance and applying multivariate cointegration analysis to aid, fiscal response and economic growth in developing countries. Before joining Massey University in 1999, James worked at the University of Ghana, the University of New England (Australia) and the University of Brunei Darussalam. James currently teaches undergraduate and post-graduate macroeconomics.

Dr Hatice Ozer-Balli, BSc Metu, MA Bilkent, PhD HoustonSenior LecturerOffice: SST 4.12Telephone: (06) 350 5799 Extn 2666Email: [email protected]

My main research interests include Time Series Econometrics, International Macroeconomics, and International Finance. Recently I am focusing on investigating small sample bias in the presence of structural change, the use of interaction effects in econometrics, and estimating the purchasing power parity persistence within sectoral real exchange rate panels. I previously worked in Bilkent and Cankaya Universities as a Research Assistant in Turkey. I also worked in University of Houston as a Teaching Fellow for several undergraduate classes. My teaching at Massey University includes undergraduate Econometrics I and II, and Applied Econometrics for post-graduate students.

Some of my awards and fellowships include Dr. J. Walter Primeaux and Natalie A. Primeaux Award for excellence in Economic Education and Research 2006 (University of Houston, UH), Graduate Tuition Fellowship 2002-2008 (UH), Cullen Memorial Graduate Fellowship 2002-2008 (UH), Tuition and Stipend Fellowship 1999-2002 (Bilkent University). I am also ranked 1st in B.S in Statistics 1999 (METU).

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Dr Kim Hang Pham Do, MSc Wagen, PhD TilburgSenior LecturerOffice: SST4.25Telephone: (06) 350 5799 Extn 2544Email: [email protected]

Dr Pham Do completed her PhD at Tilburg University, the Netherlands. Before joining Massey, Dr. Pham Do had previously worked at the University of Tilburg (NL), Asian Institute of Technology (AIT, Bangkok, TL), and Vietnam Institute of Agricultural Sciences.

Dr. Pham Do research interests are mainly in the areas of game theory and its applications to environmental economics and natural resource management. She has published in several refereed journals, books, and international conferences, and served as a referee for a number of international journals such as Journal of Environmental Economics and Management, Environmental and Resource Economics, International Journal of Game Theory, Natural Resource Modelling, European Review of Agricultural Economics and Mathematical Methods and Operations Research. Her teaching at Massey includes quantitative methods for economics analysis and environmental economics and natural resource management.

Professor Allan Rae, MHortSc, PhD New EngDirector of the Centre for Applied Economics and Policy StudiesOffice: SST4.04Telephone: (06) 350 5799 Extn 5346Email: [email protected]

I am an agricultural economist. My research interests include agricultural policy analysis, and in particular the reform of agricultural trade policies through multilateral and regional negotiations. This includes global cge modelling of specific reform scenarios and their impacts on the global economy, on developed versus developing countries, and the specific impacts on the New Zealand economy. Another strand of this research is the linkage from agri-food trade developments to impacts on the natural environment, i.e. emissions of greenhouse gases and nitrogen. At a regional level, current research programmes include studies of China's agriculture in collaboration with Chinese colleagues. This includes study of the evolution of food demand and that for livestock products in particular, research into on-farm livestock production efficiency and productivity, and developments in China's horticultural sector. I was awarded a Bronze Medal from the New Zealand Royal Society for my contributions to agricultural economics in New Zealand and internationally. I have been appointed Research Fellow of the Global Trade Analysis Project at Purdue University (USA), and Adjunct Professor, Henan Agricultural University, China. I am also on the editorial board of the Journal of International Agricultural Trade and Development and the Chinese Journal of Agricultural Economics. I am Immediate Past President of the Australian Agricultural and Resource Economics Society.

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Mr Sam Richardson, MApplEcon(Hons) (Massey)LecturerOffice: SST4.13Telephone: (06) 350 5799 Extn 4583Email: [email protected]

My research interests are mainly in the economics of sport. My current interests include the economics of public spending on sports events and stadiums in New Zealand, which is the general area of my present PhD research. I have worked in the Department of Applied and International Economics at Massey since 1998, when I began as a Graduate Assistant. My teaching at Massey includes principles and intermediate microeconomics, managerial economics and the macroeconomics of the New Zealand Economy.

Dr Guy Scott, MAgrSc Cant., PhD Well.Senior LecturerOffice: 5F36 – Wellington CampusTelephone: (04) 801 2794 extn: 6351Email: [email protected]

Guy Scott’s research interests are mainly in the areas of health economics, tertiary education and public policy. Current interests include economic and policy evaluation of; accident prevention, health services, health interventions, and new health technology. He has previously worked as an economic consultant and as an economic advisor to a trading bank and to trade and professional associations.

Guy Scott also serves on the New Zealand Mountain Safety Research Committees, is Ngāi Tahu, a Te Au Rangahau research associate and a Te Mata o te Tau fellow.

Dr Shamim Shakur, BSS(Hons) Dhaka, MA, PhD BostSenior LecturerOffice: SST4.20Telephone: (06) 350 5799 Extn 2556Email: [email protected]

Dr. Shakur’s research interests are mainly in the areas of international economics and agricultural policy. Current research activities include WTO trade negotiations, regional trade cooperation and Asian financial crisis. He has previously held full-time academic positions at Brock University and the University of Saskatchewan in Canada. Shamim has been on short-term assignments in Japan (Tokyo-Keizei University), Indonesia (Jakarta Institute of Management Studies), Bangladesh (North South University) and Thailand (Mekong Institute). His teaching at Massey includes microeconomics, international trade and agricultural policy.

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Shamim currently serves as the Coordinator of postgraduate programmes and Wednesday research seminar series in the department of applied and international economics.

Shrabani Saha, MSc Calc, MEC Sydney, Ph.D candidateContract LecturerOffice: SST4.02Telephone: (06) 350 5799 Extn 2663Email: [email protected]

I am currently working towards a PhD in Economics. My research interests include Economic Development, Macro Economics and International Trade. My main area of research is Economic Corruption.

For 2009, I teach first year Macroeconomics 178.100 and 300-level Microeconomics 178.301.

Prior coming to Massey University in 2005, I had taught Micro Economics and Macro Economics at the University Of Sydney and University Of Western Sydney (Australia) for about 4 years. I was also involved in papers 178.200 Intermediate Macroeconomics and 178.201 Intermediate Microeconomics

TUTORS AND GRADUATE ASSISTANTSPOSITIONS ARE BEING FINALISED FOR 2009.

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http://www.massey.ac.nz/massey/study/programme-course-and-paper-search/paper.cfm?action=show_results&submit=Search&paper_code=178201




ADMINISTRATIVE AND TECHNICAL STAFF

Maryke BublitzPA to Head of DepartmentOffice: EXMSS AnnexTelephone: (06) 350 5799 Extn 2320Email: [email protected]

Fong Mee Chin, MA MasseyResearch OfficerOffice: Annex D 1.03Telephone: (06) 350 5799 Extn 2332Email: [email protected]

Sue EdwardsPersonal Assistant to Head of Economics GroupDepartmental Secretary (Economics Group)Office: SST4.17Telephone: (06) 350 5799 Extn 7744Email: [email protected]

Kate HopeFinancial AdministratorOffice: SST4.19Telephone: (06) 350 5799 Extn 2679Email: [email protected]

Jing Liao, MFin MasseyInternational Administrator – Offshore programmesOffice: Annex DTelephone: (06) 350 5799 Extn 2394Email: [email protected]

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Cameron Rhodes, BInfSci MasseyComputer ConsultantOffice: SST4.24 and Ref 2.07Telephone: (06) 350 5799 Extn 2328Email: [email protected]

Ha Lien Ton, BEd, BBS MasseyAcademic & Projects AdvisorOffice: SST4.07ATelephone: (06) 350 5799 Extn 2678Email: [email protected]

Vikki Schou, BA (Hons), PGDipBusAdminAcademic AdministratorOffice: Ref 2.08Telephone: (06) 350 5799 Extn 2322Email: [email protected]

Kim WilliamsDepartmental SecretaryOffice: Ref 2.05Telephone: (06) 350 5799 Extn 2323Email: [email protected]

Mui Kuen Yuen, MBS MasseyCourse AdministratorOffice: Ref 2.11Telephone: (06) 350 5799 Extn 7505Email: [email protected]

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3. UNDERGRADUATE PROGRAMMES

The Economics group is part of the Department of Economics and Finance situated within the College of Business on the Massey University Turitea and Wellington Campuses. We offer educational programmes in both theoretical and applied economics through a number of degree programmes. Majors in economics are offered in both the Arts and Business Studies programmes, each carefully targeted to the needs of these student groups.

In addition, the Applied Economics programme is aimed at students who wish to seek a career as quantitative, applied economic analysis. The Department also has a number of national and international research programmes and consulting activities, offering additional opportunities to students. This ensures that our teaching is both practical and up-to-the minute. We are sure you will find something of interest and value as you go through his handbook.

For further information on entry to the University, enrolment procedures, fees, degree regulations, internal timetables, contact courses, please refer to the following 2008 publications:

• 2009 Massey University Calendar• 2009 Extramural Handbook• Enrolment 2009: Bachelor of Applied Economics, Bachelor of Business Studies,

Bachelor Arts• Times, Dates and Places

All these handbooks can be viewed/downloaded from Massey Website http://www.massey.ac.nz/. Hard copies (except Massey Calendar) are available from the Information Desk on the Registry Building at the Turitea Campus. Alternatively you can request a copy by calling 0800 627 739, or emailing [email protected].

For advice on Economics & Financial Economics programmes (extramural and Palmerston North), please contact:Mrs Ha Lien TonAcademics & Projects AdvisorOffice: Social Science Tower – Level 4, Room 4.19A.Phone: + 64 6 350 5799 Extn 2678Email: [email protected]

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mailto:[email protected]

http://www.massey.ac.nz/


BACHELOR OF APPLIED ECONOMICS

IntroductionApplied Economics is economics in action. It is an extremely useful, practical and versatile degree which trains students to analyse and solve problems and to prepare policy decisions. The BApplEcon prepares students for employment as professional economists in a wide range of careers within New Zealand and internationally. You will find the BApplEcon programme intellectually exciting and socially relevant.

The BApplEcon degree is the most prestigious, rigorous and quantitative economics degree offered at Massey University. You will be challenged to grow and perform at a high level, and be rewarded with a top-quality education and access to many of the best career opportunities in New Zealand and overseas.

The Bachelor of Applied Economics is a three-year degree. It is based on a solid foundation of compulsory papers, and provides flexibility for students to choose papers themselves. Students can specialise, or choose papers from several specialisations, or have no specialisation at all.

Career opportunitiesIf you would like to graduate and step directly into the role of a professional economist, this is the degree to choose. This is also the best option for students planning to undertake postgraduate studies in economics. Recent graduates of applied economics have found employment with several government ministries, including The Treasury, Ministry of Foreign Affairs and Trade, Ministry of Economic Development, Statistics NZ, the Reserve Bank, and with major corporations, such as ANZ and Telecom, and with a variety of other firms.

Economists are highly sought after by the private and public sector, big and small firms, large international agencies, schools and universities, economic policy makers and social organisations. All need the skills and knowledge of trained economists. The Department is truly proud of its Applied Economics graduates who have successfully secured excellent employment with many prestigious organisations.

Entry requirementsThere are no special entry requirements for entry into the BApplEcon beyond those that qualify you for study at the University. In order to widen your choice of papers, or to fit in with your other commitments, you may opt for a mix of internal and extramural papers. It would be useful if you had studied economics, or maths with calculus, or maths with statistics at secondary school.

Generally you cannot enrol in a 200-level paper until you have completed or been exempted from at least one 100-level paper. Similarly, you cannot generally enrol in a 300-level paper until you have completed at least one 200-level paper.

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Programme StructureThe BApplEcon is a three year (full-time) degree consisting of papers totalling at least 360 credits made up of:

First Year Second Year Third Year

178.100 Principles of Macroeconomics

178.200 Intermediate Macroeconomics

178.300 Advanced Macroeconomics

115.106 Economics178.201 Intermediate

Microeconomics178.301 Advanced Microeconomics

160.101 Calculus I(or any approved 160.1xx)

178.220 Econometrics I 178.320 Econometrics II

161.120 Intro Statistics(or 115.101 or any approved

161.1xx)

178.221 Methods of Economics Analysis

Paper from BAppEcon Schedule at 300-level

Any approvedLanguage/Communication

Paper from BAppEcon Schedule at 200 or 300-level


Elective Paper at100 or 200-level









Areas of SpecialisationAfter completing the compulsory 100-level papers for the degree in the first year you may choose to specialise in your second year. The recommended and suggested 200- and 300-level papers you need to take in each area of specialisation for the BApplEcon are described below. However, you select the remaining points from the Schedule to the regulations for the BApplEcon degree, or approved papers from any other degree course. Completion of an area of specialisation is not compulsory. If desirable, discuss your choices with the Academic Advisor.

Agricultural EconomicsRecommended papers• 178.245 The Global Food Economy• 178.358 International Trade in Agri-food Products• 178.360 Natural Resource and Environmental Economics IOther suggested papers• 112.201 Food and Agribusiness Strategies• 112.248 Supply Chain Management

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• 112.301 International Food and Agribusiness Strategies• 112.302 Advanced Food and Agribusiness Strategies• 178.325 The Knowledge Economy• 178.328 Project Evaluation• 178.350 International Economics I• 178.351 International Economics II• 178.361 Natural Resource and Environmental Economics II • 178.370 Development Economics

Development EconomicsRecommended papers131.221 Development and the Third World: Contemporary Issues 131.321 Strategies for Sustainable Development 178.254 Asia-Pacific Economies I 178.328 Project Evaluation178.354 Asia-Pacific Economies II 178.370 Development Economics Other suggested papers178.325 The Knowledge Economy 178.350 International Economics I 178.351 International Economics II 178.360 Natural Resource and Environmental Economics I 178.361 Natural Resource and Environmental Economics II

Econometrics with StatisticsRecommended paper161.200 Statistical Models Other suggested papers161.320 Fitting Regression Models161.323 Multivariate Methods161.342 Forecasting and Time Series

Economics and MarketingRecommended papers178.210 Economic Policy178.240 Managerial Economics 178.254 Asia-Pacific Economies I 156.232 Consumer Behaviour 156.233 Marketing Research156.331 Marketing Strategy Other suggested papers156.332 Applied Market Research156.334 Marketing Planning 178.261 Agro-food Markets 178.325 The Knowledge Economy

Financial EconomicsRecommended papers125.220 Financial Institutions, Markets and Money 125.230 Business Finance 178.351 International Economics II Other suggested papers125.320 International Finance

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125.330 Advanced Business Finance 125.340 Investment Analysis 125.350 Financial Risk Management 178.328 Project Evaluation 178.350 International Economics I

International EconomicsRecommended papers178.350 International Economics I 178.351 International Economics II Other suggested papers148.327 Power and Politics in Modern South East Asian History178.214 Political Economy I 178.254 Asia-Pacific Economies I 178.245 The Global Food Economy178.325 The Knowledge Economy 178.354 Asia-Pacific Economies II 178.358 International Trade in Agri-food Products178.370 Development Economics

Natural Resource and Environmental EconomicsRecommended papers132.221 Planning Studies 178.242 Land Economics 178.328 Project Evaluation 178.360 Natural Resource and Environmental Economics I 178.361 Natural Resource and Environmental Economics II Other suggested papers121.211 New Zealand Environmental Issues145.213 Resource Conservation 178.325 The Knowledge Economy 178.362 Sustainable Energy Economics

Social Policy AnalysisRecommended papers178.210 Economic Policy178.214 Political Economy I 178.310 Labour Economics 179.201 Social Policy: Concepts and Theories 179.203 Law, Government and Social Policy 179.301 Government Policy, Planning and Administration179.303 Contemporary Policy Issues in New ZealandOther suggested papers178.325 The Knowledge Economy178.360 Natural Resource and Environmental Economics I 178.370 Development Economics

For further advice on this programme, please contact:Mrs Ha-Lien TonOffice: Palmerston North Campus - Social Science Tower, Level 4, Room SST4.19A.Tel: (06) 350 5799 Extn 2678 Email: [email protected]

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BACHELOR OF BUSINESS STUDIES(ECONOMICS & FINANCIAL ECONOMICS)

ECONOMICS

IntroductionThe BBS (Economics) degree provides a broad and well-rounded education in business. Selecting this option provides you with a strong grounding in Economics, but in a programme that is less rigorous and specialised than the BApplEcon.

Students majoring in economics develop theoretical and analytical skills useful for decision making. These are applied to a range of topical, significant policy issues. Economics focuses on complex interrelationships, whereby a change in one area will have repercussions elsewhere. Most of life's important questions are of this nature. Economics training, as provided by Massey University, will enable you to analyse these matters in a realistic fashion.

Career Opportunities

On graduating in Economics, you are not restricted to a career as an "economist". Your Economics degree can be the gateway to employment in areas, such as: management; planning; politics; education; and journalism and the media.

In addition to Economics training, you will gain a broad understanding of other business disciplines such as finance, banking, management and information systems. If you see yourself as a future dynamic business leader who will use a solid knowledge of economics to help ensure the success of your company, this is the degree for you. Recent business studies (Economics) graduates have found employment with AXA New Zealand and Michael Chamberlain and Associates, and Beyond Petroleum (previously known as British Petroleum).

While you may not intend to major in Economics, many students have found that a selection of economics papers can be a useful complement to their chosen major.

In consultation with us you can design your Economics major to meet your interests and career objectives.

Entry RequirementsThere are no special entry requirements for the Economics major beyond those that qualify you for study at the University.

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Programme StructureThe BBS (Economics) is a three year (full-time) degree consisting of papers totalling at least 360 points made up of:


115.101 Statistics for Business

178.100 PRINCIPLES OF MACROECONOMICS

1ECONOMICS MAJOR 178.3XX

(178.300 RECOMMENDED)2

115.102 Accounting178.200 INTERMEDIATE

MACROECONOMICS

ECONOMICS MAJOR 178.3XX

(178.301 RECOMMENDED)3

115.103 Legal & Social Environment of Business

178.201 INTERMEDIATE MICROECONOMICS

(OR 178.240 MANAGERIAL ECONOMICS OR 178.204

MICROECON & GAME THEORY)


(CHOOSE ONE FROM 178.300, 178.360, 178.370)

115.104 Principles of Marketing


(OR 125.220)Business Elective Paper at

300 Level

115.105 Fundamentals of Finance

Elective Paper at 200- or 300-level

Business Elective Paper at300 Level

115.106 EconomicsElective Paper at200 or 300 Level

Elective Paper at200 or 300 Level

115.107 Management Info Systems



115.108 Organisations and Management

Non BBS Elective Paper at100 or 200 or 300-level

(160.1xx is recommended)4

Non BBS Elective Paper at200 or 300-level

Notes:1. 178.100 is counted as an elective but required to enter either 178.200.2&3. Students who plan to pursue Honours and Masters programmes in the future are

strongly encouraged to take 178.300 and 178.3014. Economics Major students are strongly encouraged to include at least one 100-level

Calculus paper in their programme.

If you think you might want to pursue postgraduate studies in Economics, it is very important to plan early and seek academic advice.


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FINANCIAL ECONOMICS

IntroductionThe Financial Economics major embeds the practical issues of financial analysis within a broader understanding of economic theory. The major emphasises key areas of business economics, the macro-economy and financial markets. Students acquire broad-based knowledge of economic issues and specialised knowledge of financial market operations. A key element of this discipline are modelling and forecasting skills.

Financial Economics is recognised as a separate academic discipline from Finance or Economics. Nonetheless, as the title suggests, it draws upon both finance and economics. Financial Economics however, specialises in a number of areas.

Financial Economics concentrates on decision-making under uncertainty. These decisions are applied to a variety of capital markets and asset-pricing. There is a greater emphasis on the role of information for economic co-ordination and organisations. Investment decisions within the firm are examined in depth.

Other areas of particular analysis include the structure of financial markets and their interaction with other parts of the economy. This is extended to examine the impact of macroeconomic policy and international events on capital markets and investment decisions. While many of these topics are traditionally found within either Finance or Economics, some papers in the major have been created to emphasise Financial Economics topics.

Another important distinction in the major is the requirement to complete papers in econometric modelling and forecasting. This emphasis on modelling financial economics data gives the major added utility for graduates. Many theories in finance or economics are amenable to estimation and modelling, and acquiring these skills is seen as a necessary component of the major.

Career OpportunitiesThe emphasis on core economic theory, econometric modelling and financial analysis makes this major a practical and versatile programme. There are a wide range of careers available for graduates in the private and government sectors including:

- Economist at Financial Institutions- Econometrician- Risk Performance Analyst- Economic Forecaster- Financial Analyst - Market Economist

Entry RequirementsThere are no special entry requirements for the Financial Economics major beyond those that qualify you for study at the University.

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Programme Structure

The BBS (Financial Economics) is a three year (full-time) degree consisting of papers totalling at least 360 points made up of:


115.101 Statistics for Business

125.230 BUSINESS FINANCE178.3002 OR178.301 3

OR 178.307 OR 178.308

115.102 Accounting178.200 OR 178.201

OR 178.204125.330 OR 125.340

115.103 Legal & Social Environment of Business

178.220 OR 178.280 125.320 OR 178.351

115.104 Principles of Marketing

178.100 PRINCIPLES OF MACROECONOMICS 1


115.105 Fundamentals of Finance



115.106 EconomicsElective Paper at200 or 300 Level


115.107 Management Info Systems



115.108 Organisations and Management

Non BBS Elective Paper at100 or 200 or 300-level

(160.1xx is recommended)4

Non BBS Elective Paper at200 or 300-level

Notes:1. 178.100 is counted as an elective but required to enter 178.200.2&3. Students who plan to pursue Honours and Masters programmes in the future are

strongly encouraged to take 178.300 and 178.3014. Economics Major students are strongly encouraged to include at least one 100-level

Calculus paper in their programme.

For further advice on this programme, please contact:Mrs Ha-Lien TonOffice: Palmerston North Campus - Social Science Tower, Level 4, Room SST4.19A.Tel: (06) 350 5799 Extn 2676 Email: [email protected] Vikki SchouOffice: Palmerston North Campus – Room: EXMSS 1.04Tel: (06) 350 5799 Extn 2322 Email: [email protected]

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BACHELOR OF BUSINESS STUDIES/BACHELOR OF SCIENCE

IntroductionThe BBS/BSc joint degrees programme allows able students to graduate with both degrees at the end of four years of study. You must enrol in both degrees concurrently, taking at least one paper from each component each year, and maintain at least a B- average grade each year to remain in the programme.

Career OpportunitiesThe College of Sciences and the College of Business have for some time recognised the need for science graduates with business knowledge and skills and business graduates with science knowledge and skills, in order to meet the demands of employers. Increasingly, employers are looking for graduates who are more broadly educated. To assist students with an appropriate school background who wish to study both science and business at university, Massey University now provides a joint BBS/BSc degrees programme.

Entry RequirementsTo enrol in this programme you will need to have an A Bursary or a high standard of achievement in NCEA Level 3. If you do not have this you can still take papers from both the BBS and the BSc in your first year. Then if you get a Grade Point Average of at least 4.0 (equivalent to a B- grade), you will be eligible for the programme.

Programme StructureThe BBS/BSc programme requires four years of full-time study (or equivalent by part-time study). To qualify for the BBS and BSc you must complete 510 credits overall. You must maintain a Grade Point Average of at least 4.0 (equivalent to a B-) each year to remain in the programme.

The BBS component of the programme may be completed with or without a major and consists of a total of 270 credits as follows:

• Not more than 150 credits can be at 100-level.• At least 255 credits must be from the undergraduate papers listed for the BBS. Of

these at least 60 points must be at 300-level.• You must pass all of 115.100, 115.101, 115.03, 115.04, 115.105, 115.105, 115.107

and 115.108.

The BSc component must be completed with a major and consists of 240 credits as follows:• You must pass at least one paper from each of at least three subjects in Section A of

the BSc Schedule. For this purpose papers are from different subjects if the first three digits of the paper number are different.

• You must meet the requirements of at least one BSc major.• The remaining points must be made up from papers in Section A of the BSc

Schedule.

For further advice on this programme, please contact:College of SciencesBSc Programme Administrator Science and Information Sciences College of Sciences Massey University Private Bag 11 222, Palmerston North Phone: 06 350 4800

College of BusinessPalmerston North (Turitea)Academic Services Manager Ms Anne WeirCollege of BusinessMassey UniversityPrivate Bag 11 222, Palmerston NorthPhone: 06 356 9099 ext 82151

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E-mail: [email protected] Fax: 06 350 5608E-mail: [email protected]

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BACHELOR OF ARTS (ECONOMICS)

IntroductionThe Economics major in the BA degree programme has few compulsory requirements and lots of flexibility. It builds on a standard core of economic theory, with additional papers chosen from a wide range of electives, allowing students to specialise in any of a number of areas.

Career OpportunitiesThe Department of Economics and Finance is proud of the wider acknowledgement of the quality and content of its courses - competent graduates are sought after by major public and private sector employers.

On graduating in Economics, you are not restricted to a career as an “economist”. Your Economics degree can be the gateway to employment in areas, such as: Management, Planning, Politics, Education and Journalism and the Media.

Entry RequirementsThere are no special entry requirements for the Financial Economics major beyond those that qualify you for study at the University.

Programme StructureTo qualify for a BA degree you must study for at least three years full-time or the equivalent in part-time study, and pass at least 360 credits from papers which satisfy the following requirements:

• Written Communication You must pass a written communication paper (as listed under the BA Majors and Minors) within the first 120 credits.

• 100-level papers You cannot credit more than 165 credits at 100-level to a BA degree.

• 300-level papers You must pass at least 75 credits at 300-level, including the 60 credits required for your major.

Economics Major Requirements: A major consists of 135 credits in Economics, including 115.106 Economics, 178.100 Principles of Macroeconomics, 178.200 Intermediate Macroeconomics and either 178.201 Intermediate Microeconomics or 178.204 Microeconomics and Game Theory or 178.240 Managerial Economics and at least 60 credits at 300-level.

Note: Students may elect to study one of 148.205 Modern New Zealand Politics or 148.327 Power and Politics in Modern South East Asian History as part of their major in Economics.

Economics Minor requirements: A minor consists of 75 credits in Economics; at least 45 credits must be above 100-level, with at least 15 credits at 300-level. The minor must include 115.106 and 178.100.


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CONJOINT BACHELOR OF ARTS/BACHELOR OF BUSINESS STUDIES (BA/BBS)

IntroductionIncreasingly, employers are looking for graduates who have an understanding of both humanities and social sciences disciplines, together with knowledge and skills of business-related disciplines. Massey University now provides a joint BA/BBS degree programme that will meet this need and enable students to enhance their employability and competitive edge in the job market.

The BA/BBS joint degrees programme allows able students to graduate with both degrees at the end of four years of study. You must enrol in both degrees concurrently, taking at least one paper from each component each year, and maintain at least a B- average grade each year to remain in the programme.

Career OpportunitiesEmployment opportunities are rapidly increasing for students who have developed capacities in enquiry, analysis and communication, as well as an understanding of human behaviour, society and the environment. By combining a BA degree with a BBS degree, you will enhance your employability and competitive edge in the job market. You will have the knowledge and astuteness necessary for success in Business, Management, Marketing, Finance and Economics, as well as a deep understanding of people and the wider national and international communities in which they live.

Entry RequirementsTo enrol in this programme you will need an A Bursary or a high standard of achievement in NCEA Level 3. If you don't have an A Bursary or equivalent you can still take papers from both the BBS and BA in your first year. If you then achieve a B- average or higher, you will be considered for the programme. You must maintain a minimum of a B- average each year to remain in the programme.

Programme Structure

Majors or EndorsementsYou must choose a BA major. You can either choose a BBS major or complete the BBS component without a major. This allows you to tailor a programme of study to your specific needs. Choose your majors from any of the options in either programme. All BA and BBS majors are available under this programme.

You need a total of 510 credits to complete the programme.

The BA part of the programme consists of 255 credits to be made up of:• The Majoring requirements of at least one subject as specified for the BA (i.e. 150

credits for Economics). If you are planning to major in Economics for the BA part of the programme you cannot include papers from this major in the BBS component.

• You must obtain at least 105 additional credits from papers in the BA Schedule, of which at least 30 credits must be at 200 level or above. You cannot include in these 105 credits, papers that are common to the BA and BBS lists of papers.

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The BBS part of the programme, which may be completed with or without a major, consists of 255 credits to be made up of:a) All of the papers:

• 115.101 Statistics for Business• 115.102 Accounting• 115.103 Legal & Social Environment of Business• 115.104 Principles of Marketing• 115.105 Fundamentals of Finance• 115.106 Economics• 115.107 Management Info Systems• 115.108 Organisations and Management

b) At least 100 points in elective papers above 100 level from the BBS Schedule. No fewer than 120 of these 255 credits must be at the 200 level or above, and at least 60 credits must be at the 300 level. All papers must be selected from the BBS Schedule.

Year 1 Year 2 Year 3 Year 4

BBS Core Paper BBS Core Paper BBS Major Paper BBS Major Paper

BBS Core Paper BBS Core Paper BBS Major PaperBBS Major Paper

BBS Core Paper BBS Core Paper BBS Major PaperBBS Major Paper

BBS Core Paper BBS Core Paper BBS Elective Paper BBS Elective Paper

BA Major Paper BBS Elective PaperBA 200-level Major

Paper

BA 300-level Major Paper

BA Major PaperBA 200-level Major

PaperBA 200-level Major

Paper


BA Elective paperBA 200-level Major

PaperBA Elective paper


BA Elective paper BA Elective paper BA Elective paperBA 300-level Major

Paper

BA Elective paper BA Elective paper

Arts Contact Trish Barker Academic Services Manager College of Humanities and Phone: 06 350 5256 Fax: 06 350 5686 E-mail: [email protected]

Business Contact Lance Gray Academic Administrator College of Business Phone: 06 356 9099 ext 82155 Fax: 06 350 5608 E-mail: [email protected]

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GRADUATE DIPLOMA IN BUSINES STUDIES (ECONOMICS)

IntroductionSome of the most notable thinkers shaping modern society have specialised in economics and political economy. Democracy depends on an informed, intelligent electorate. A study of Economics will enable you to participate constructively in debate on major issues.

Students majoring in Economics develop theo-retical and analytical skills useful for decision-making. These are applied to a range of topical and significant policy issues.

Career OpportunitiesThe Graduate Diploma in Business Studies endorsed in Economics, like many other diplomas, assumes previous work and life experience. It is an opportunity to gain some formal Economics knowledge and acknowledgement on top of your experience and/or qualification. This endorsement added to previous employment experience will open up many employment opportunities, for example, economic analysts and policy advisors.

Entry RequirementsThe GradDipBusStuds is a qualification that assumes previous work and life experience. If you have entrance to university and are over 20, then you can start the GradDipBusStuds. You do not need to supply a CV with your enrolment.

Programme Structure

At least 30 credits from 178.2xx, 60 credits from 178.3xx and up to 30 credits of other papers at 200 level or above from the Schedule of Undergraduate Papers of the College of Business.

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4. UNDERGRADUATE PAPER INFORMATION

Please note that the following courses are ones that are taught by the Department of Economics and Finance at Turitea and Wellington campuses and extramurally. There are other papers offered by the Department of Commerce at Albany Campus.

Please visit this website http://econ.massey.ac.nz/ for detailed course outlines, otherwise they will be provided at the first lecture of each paper.

Contact details of teaching staff are provided under the Staff Profiles Section.

115.106 Economics 15 creditsRestriction(s): 178.101, 112.101, 177.101, 178.100 (pre-1997), 178.102An introduction to the economic analysis of markets, with emphasis on the behaviour of individuals, firms and government. The framework developed is used to analyse and evaluate contemporary economic policies in both New Zealand and international contexts.

Course Coordinator: Mr Sam RichardsonAvailability: Internal Semester One

Internal Semester TwoInternal Semester Two Wellington campusExtramural Semester One

178.100 Principles of Macroeconomics 15 creditsRestriction(s): 12.101, 77.101, 78.100 (pre-1997), 178.102 Introduces the principles of macroeconomics. The paper provides students with an understanding of economic activities at the level of the industry, the country and at the international level. Topics include national income accounting, inflation, unemployment, the role of the government in the economy, stabilisation policies and the international economy.

Course Coordinator: To be advised

Availability: Internal Semester One Wellington campusInternal Semester Two Extramural Semester TwoBlock Course Semester Two Singapore

Other lecturing staff Ms Shrabani Saha

Other lecturing staff Dr Guy Scott – Wellington Campus

178.110 The New Zealand Economy 15 creditsAn introduction to the development and structure of the economy of New Zealand, with emphasis on actual issues and policies. International influences from a New Zealand perspective.

Course Coordinator: Dr Guy ScottAvailability: Extramural Semester Two

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178.200 Intermediate Macroeconomics 15 creditsPrerequisite(s): 178.100 or 78.102Restriction(s): 117.201, 177.202, 177.203, 178.200 (pre-1998), 178.102 (pre-1998), 178.206 (1994 only), 178208

A paper in intermediate macroeconomic analysis. Topics covered include aggregate demand and aggregate supply, income determination, money and inflation, theories of consumption and investment, money demand and money supply, stabilisation policy and open economy macroeconomics.

Course Coordinator: Dr James ObbenAvailability: Internal Semester One

Extramural Semester One

178.201 Intermediate Microeconomics 15 creditsPrerequisite(s): 115.106 (from 2009) 112.101 or 177.101 or 178.101 (pre-1997) or 178.101 and one of 160.101 or 160.102 or 160.103 or 160.131 or 160.161Restriction(s): 177.201, 177.202, 178.202, 178.205, 178.206, 178.208

A paper in intermediate microeconomic analysis. Topics covered include markets, consumer theory, production theory and basic principles of welfare economics.

Course Coordinator: Sam RichardsonAvailability: Internal Semester Two

Extramural Semester Two

178.210 Economic Policy 15 creditsPrerequisite(s): 178.100 or 78.102 or 178.110Macroeconomic and microeconomic policies and problems of unemployment, inflation, balance of payments, growth, market distortions and public goods. Justification for government intervention and its effectiveness. Application of economic principles will be stressed and social considerations incorporate emphasis on the New Zealand experience.

Course Coordinator: Mr Stuart BirksAvailability: Internal Semester Two


178.214 Political Economy I 15 creditsPrerequisite(s): Any 178.1xx paperAn introductory survey of contending approaches in economic analysis. Attention will be devoted to the central features of these approaches and their analyses of capitalist economies at the national and international level.

Course Coordinator: Dr James AlveyAvailability: Extramural Semester One

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178.220 Econometrics I 15 creditsPrerequisite(s): 161.100 or 161.110 or 161.120 and any 100 level Econ paperAn introduction to the specification and estimation of econometric models for policy analysis and forecasting. Topics include the method of ordinary least squares applied to simple linear regression and multiple regression models, interval estimation and hypothesis testing, and interpretation of computer regression outputs.

Course Coordinator: Dr Hatice Ozer-BalliAvailability: Internal Semester One


178.221 Methods of Economic Analysis 15 creditsPrerequisite(s): Any 178.1xx paperCorequisite(s): 160.101 or 160.103 or 160.131 or 160.161

An introduction to the techniques of quantitative economic analysis. The use of linear algebra and calculus in economics. Constrained optimisation. Simple dynamics.

Course Coordinator: Dr Kim Hang Pham-DoAvailability: Internal Semester One


178.240 Managerial Economics 15 creditsPrerequisite(s): 178.101Economic principles applied to decision problems of managers in a business organisation. Analysis of costs, revenues and profits in relation to a firm's objectives. Emphasis on pricing policy, investment decisions, advertising and promotion expenditure.

Course Coordinator: Dr Faruk BalliAvailability: Internal Semester Two


178.242 Land Economics 15 creditsPrerequisite(s): Any 178.1xx paper or 115.106

The treatment of land resource questions in economics, including changing theoretical approaches to land and the income from the land, factors influencing the behaviour of land markets, environmental economics and land use, specific models of land use patterns, the question of the efficient use of land resources, estimating changing land use requirements, taxation in relation to land markets, location decision.

Course Coordinator: Associate Professor John Holland*Availability: Extramural Semester One


* Please note that Dr Holland is a staff member in the Institute of Natural Resources. His email is [email protected] – Tel: 350 5799 Extn 5565.

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178.300 Advanced Macroeconomics 15 creditsPrerequisite(s): 178.200Topics cover major macroeconomic theories and their policy implications using more advanced techniques.

Course Coordinator: Dr James ObbenAvailability: Internal Semester One


178.301 Advanced Microeconomics 15 creditsPrerequisite(s): 178.201 Using more advanced techniques, including mathematical analysis, models are developed to explain the behaviour of individual agents.

Course Coordinator: To be advisedAvailability: Internal Semester One


Other lecturing staff Ms Shrabani Saha

178.320 Econometrics II 15 creditsPrerequisite(s): 178.220Specification and estimation of econometric models for policy analysis and forecasting. An introduction to time series analysis. Treatment of common problems encountered in economic data analysis.

Course Coordinator: Dr Hatice Ozer-BalliAvailability: Internal Semester Two


178.325 The Knowledge Economy 15 creditsPrerequisite(s): Any 178.1xx and any 200-level paper

The paper introduces students to a selection of topics about the domestic and international innovation-based knowledge economy. The coverage is deliberately broad, and although largely economics-based it is also interdisciplinary, for example covering aspects of science and technology policy, sociology, and management science.

Course Coordinator: Professor Hans-Jurgen EngelbrechtAvailability: Not offered in 2009

178.328 Project Evaluation 15 creditsPrerequisite(s): Any 178.1xx paper and any 200-level paperTheoretical and empirical aspects of economics (benefit-cost analysis) and financial project evaluation. Consumption/investment decisions; discounted cash-flow techniques; cost of capital financing; risk and uncertainty; and shadow pricing for economic policy. Emphasis is on practical applications, using microcomputers, to projects and investments in developed and developing countries.

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Course Coordinator: Professor Anton D. MeisterAvailability: Internal Semester One

Extramural Double Semester

178.350 International Economics I 15 creditsPrerequisite(s): 178.201 or 178.240 or 178.204

The 'pure theory' of international trade as an explanation of observed trade flows; the implications of free trade for national output and welfare; departures from the competitive model; the theory and practice of commercial policy; multilateral and regional trade liberalisation; New Zealand and the global trading environment.

Course Coordinator: Dr Shamim ShakurAvailability: Internal Semester One


178.351 International Economics II 15 creditsPrerequisite(s): 178.200

The monetary aspects of international economic relations; the balance of payments and exchange rates; the experience with floating exchange rate systems; interest rates output and price levels and their global economy interlinkages; international economic policy coordination; small economies and the world monetary system; New Zealand and the international macro economy.

Course Coordinator: Availability: Not offered in 2009

178.354 Asia-Pacific Economies II 15 creditsPrerequisite(s): Any 178.1xx, and any 200-level

An examination of recent growth and development in selected Asia-Pacific economies, and the implications of this for the region. Aspects studied include the role of the state, industrialisation, agricultural development, foreign investment and trade, and aid.

Course Coordinator: Dr James AlveyAvailability: Not offered in 2009

178.358 International Trade in Agri-food Products 15 creditsPrerequisite(s): any 178.1xx or 119.156 and any 200-levelRestriction(s): 178.357

Agri-food trade today. Gains from trade and barriers to trade. Agri-food trade policies in the EU, USA and selected Asian countries. The WTO and agri-food trade liberalisation. Measuring the impacts of trade liberalisation on developed and developing economies. Macroeconomics of agri-food trade. Linkages between agriculture, trade and environment.

Course Coordinator: Professor Allan N. Rae

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Availability: Internal Semester OneExtramural Semester One

178.360 Natural Resource and Environmental Economics I 15 creditsPrerequisite(s): Any 178.1xx paperAn introduction to the application of economic analysis to environmental and natural resource management issues and policies. Topic areas include: the development of environmental concerns and the doctrine of natural resource scarcity, the interface between ecology and economics, welfare economics, resource allocation over time, the market system and its failures, pollution control policies and the use of economic instruments, non-market valuation techniques, and conservation and sustainability.

Course Coordinator: Professor Anton D. MeisterAvailability: Internal Semester One


178.370 Development Economics 15 creditsPrerequisite(s): Any 178.1xx paper, and any 200-levelAn examination of major development problems and issues, both domestic and international, from a combined theoretical, empirical and policy-oriented perspective. Topics covered include theories of economic development, the population debate, rural-urban migration, industrialisation, agricultural transformation, trade policies, education, the role of the state, foreign aid, private foreign investment and current global development issues.

Course Coordinator: Associate Professor Rukmani GounderAvailability: Internal Semester Two


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5. POSTGRADUATE ECONOMICS PROGRAMMES

For enquiries and advice on postgraduate programmes, please contact:

• Postgraduate Diplomas, Honours and Masters programme:Mrs Ha Lien TonAcademics & Projects AdvisorOffice: Social Science Tower – Level 4, Room 4.19A.Phone: + 64 6 350 5799 Extn 2678Email: [email protected]

• Doctor of Philosophy (Ph.D)Dr Shamim ShakurPostgraduate CoordinatorOffice: Social Science Tower – Level 4, Room 4.22Phone: + 64 6 350 5799 Extn 2556Email: [email protected]

POSTGRADUATE DIPLOMAS

Postgraduate Diploma in Business and Administration (PGDipBusAdmin)

IntroductionThe Postgraduate Diploma in Business and Administration (PGDipBusAdmin) provides advanced education in specialist business areas and consists of taught papers, although a project in an area of interest may be included. Non-business graduates can enhance their first degree by adding a postgraduate qualification in business. Students taking PGDipBusAdmin have the opportunity to design an academic programme along the lines of their individual needs and interests. It is possible, for example, to have either a general course of study or a concentration in a selected area of interest. Those intending to pursue a Masters programme after completing the PGDipBusAdmin should discuss their programme with the Head of Department/School or relevant Postgraduate Coordinator to ensure compatibility and coherence. In cases of sufficient merit, this qualification can be awarded with Distinction.

Entry requirementsGraduates from any discipline including those with no prior background in business studies and Postgraduate Admission.

Programme structureRequires 120 credits of 700-level papers offered by the departments within the College of Business and associated departments. A minimum of 90 credits must be taken in the area of the endorsement. The remaining 30 credits may be taken in any area approved by the Head of Department.

• Economics: 120 credits at postgraduate level, including 90 credits in Economics (178.7xx).

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• Financial Economics: 60 credits each in approved papers in Finance (125.7xx) and Economics (178.7xx).

Postgraduate Diploma in Arts (PGDipArts) Economics

The PGDipArts allows students to complete papers at 700 level in a specific area. Students can continue on to a Masters programme on completion of the PGDipArts, however, students intending to do this should consult with the relevant programme coordinator or Head of School to ensure paper selection allows for this pathway.

Entry requirementsCompleted Bachelor’s degree, including at least 30 credits at 200-level and at least 30 credits at 300-level in a subject relevant to the subject proposed for study - some disciplines may require additional credits at 200- and 300-level. Normally, students would be expected to have at least a B- grade average across the 300-level papers in the subject proposed for study. Some disciplines may require a higher grade average for entry.

Programme structure120 credits of Economics 700-level papers, of which not more than 30 credits may be taken from another discipline.

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HONOURS DEGREE PROGRAMMES

Bachelor of Applied Economics with Honours (BApplEcon(Hons))

IntroductionThe BApplEcon(Hons) is a higher degree for students with an undergraduate degree in Economics, or a major in Economics, who wish to acquire specialist advanced training. Graduates who have a good undergraduate degree in Economics (B average or better) should consider completing an Honours year. The Honours degree is a separate degree, consisting of taught papers and a piece of supervised research, which students gain in addition to the underlying bachelor degree. Honours graduates who achieve a good class of Honours (First Class or Second Class, Division One) may proceed directly to a PhD.

Entry requirementsBApplEcon with B+ average or equivalent degree and Postgraduate Admission.

Programme structureThe course shall consist of 120 crdits from the BapplEcon Schedule and must include 178.700, 178.705, 178.721, 178.722 and 30 credits of reported research (178.799).

Bachelor of Business Studies with Honours BBS (Hons)

IntroductionThe BBS(Hons) is a higher degree for students with a BBS or an equivalent Commerce degree from a New Zealand university, who wish to acquire specialist advanced training in the same major. The Honours degree is a separate degree, consisting of taught papers and a piece of supervised research, which students gain in addition to the underlying bachelor degree. Honours graduates who achieve a good class of Honours (First or Second Class, Division One) may proceed directly to a PhD.

Entry requirementsThe entry requirement is a BBS degree in the same major as the intended BBS(Hons). Candidates require B or B+ grade average or better* in the BBS major and permission of their Head of Department and Postgraduate Admission.

Programme structure• Economics: The programme normally includes core theory papers in

Microeconomics, Macroeconomics and an approved research methods paper and 30 credits of reported research (178.799).

• Financial Economics: The programme of study consists of 60 credits each 125.7xx and 178.7xx papers, including at least 30 credits of reported research (125.799 or 178.799). *Acceptance into the programme will be conditional on satisfactory performance in the qualifying degree.

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Bachelor of Arts with Honours (BA Hons Economics)

The BA (Hons) is taken by those students who have a BA with a major, or the equivalent of a major, in the subject they intend to take at Honours level. An Honours degree gives a class of award in a named subject and is highly regarded.

Entry requirementsBA graduate with a major, or the equivalent of a major, in the same discipline as that to be undertaken for the BA (Hons). Normally students would be expected to have B to B+ grade average in their undergraduate majoring papers for entry to the BA (Hons) programme.

Programme structureThe course shall consist of 120 Economics credits at 700 level. The programme of study shall normally include 178.700, 178.705, 178.708 and 178.721 or its equivalent, and 178.799, Research Project.

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MASTERS PROGRAMMES

The Master of Applied Economics (MApplEcon)

IntroductionThe Master of Applied Economics (MApplEcon) requires a strong initial grasp of undergraduate economics at the entry point and consists of coursework and a thesis. The coursework, which is very similar to the requirements under an Honours degree, includes the study of research methodology. In the second year of study students are required to conduct a substantial piece of supervised research and write a thesis. This thesis is equivalent to a full year’s study. With the Master thesis, the student will demonstrate his or her ability to conduct research to a high, professional level, such as will be required for positions of responsibility in organisations with significant demands for analytical work, forecasting, and project and policy evaluation.

Entry requirementsGraduates who have completed a Bachelor of Applied Economics (BApplEcon), BBS in Economics or Financial Economics, or equivalent degree (Permission Head of Department) and Postgraduate Admission.

Course Requirements

The course shall consist of 240 postgraduate credits and must include: 178.700 Macroeconomics I 178.705 Microeconomics I 178.708 Topics in Economic Theory 178.721 Research Methods in Applied Economics and 178.722 Applied Econometrics or 178.723 Topics in Applied Econometrics and;

a 120-credit thesis (178.899).

Remaining credits will be chosen from the papers listed in the Schedule to the BApplEcon(Hons) Regulations or approved electives.

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The Master of Business Studies (MBS)

IntroductionThe Master of Business Studies (MBS) is an advanced qualification for students who have completed the degree of Bachelor of Business Studies or Bachelor of Business Studies with Honours. Those candidates who successfully complete the MBS will, by the end of the programme, have achieved the combined study of advanced theory with research in a specialised field of business. For many BBS graduates, the MBS degree will be the highest academic qualification to which they will aspire for their career needs. For some students it may be on the pathway to a doctoral degree.

Entry requirementsAdmission into the MBS requires a completed Bachelor of Business Studies or Bachelor of Business Studies with Honours degree and Head of Department/School approval and Postgraduate Admission.

Programme structure

• Economics: 240 credits at Masterate Level. A typical programme would include core papers in Microeconomics, Macroeconomics and Research Methods and a thesis to the value of 120 credits.

• Financial Economics: The programme of study includes a 120 credit thesis with the remaining credits taken from 125.7xx and 178.7xx papers. Entry to the programme is conditional on satisfactory performance in the qualifying programme.

The Master of Arts

The Master of Arts (by thesis only) is a 120 credit qualification for students who have completed the BA (Hons) or PGDipArts. It consists of 120 credits of thesis.

Entry requirementsAn undergraduate degree with a major, or the equivalent of a major, in the same area of study to be pursued at Masters level. Normally students would be expected to have B to B+ grade average in their undergraduate majoring papers for entry to the MA programme.

Programme structureMaster of Arts (by thesis only) BA (Hons) or PGDipArts graduate whose qualification is in the same area of study as that to be completed by thesis only, and who attained at least a B average in the prior qualification.

Economics: Papers to the value of 120 credits from the Papers list plus a thesis (178.899) with the value of 120 credits, or papers to the value of 150 credits from this list plus a thesis (178.895) with a value of 90 credits.

The selected papers shall normally include 178.700, 178.705, 178.708, and 178.721 or its equivalent.

Master of Management (MMgt)Many non-business graduates who want a higher degree in Business enrol in the Master of Management (MMgt) after completing a Postgraduate Diploma in Business and

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Administration in a specialist area. While the Master of Management is a one year programme, it is not a stand alone qualification. Applicants to the Master of Management must have successfully completed an approved postgraduate qualification, normally a PGDipBusAdmin with at least a B- average, but check individual entry requirements further on in this page.

Entry requirementsCandidates for the MMgt will normally have successfully completed an endorsed Postgraduate Diploma in Business and Administration or an approved postgraduate diploma or other approved master degree in commerce and Postgraduate Admission. Candidates require a minimum of B- grade average in the PGDipBusAdmin (or equivalent).

Programme structure

• Economics: 90 credits of approved 178.7xx papers, including an approved research methods paper and not less than 30 credits of reported research, plus electives to make a total of 120 credits.

• Financial Economics: 60 credits of approved 125.7xx papers and 60 credits of approved 178.7xx papers of which not less than 30 credits will be reported research.

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DEGREE OF DOCTOR OF PHILOSOPHY (Ph.D)

Introduction

The Degree of Doctor of Philosophy (Ph.D.) is the highest degree available through study at Massey University and can be taken through any of its Colleges.

Eligibility

Enrolment for the PhD degree is available to people who have completed a Bachelors or Masters degree with First Class Honours or Second Class Honours (Division I) or who hold comparable qualifications.

Course Duration

The PhD requires independent research followed by the submission of a thesis based on the research. Candidates are expected to make a significant contribution to the knowledge and understanding of their field of study. A Ph.D programme normally takes 3-4 years of full-time study or 5-6 years of part-time study.

Provisional Registration

The PhD degree is administered by the University Doctoral Research Committee. They will only allow registration where the relevant Head of Department has agreed to provide supervision and facilities for the candidate’s research. All registrations are provisional for at least the first 12 months.

Check Out This Website For Further Information:http://www.massey.ac.nz/massey/study/programme-course-and-paper-search/programme.cfm?prog_id=-1005

Contacts: Inquiries should be accompanied by a curriculum vitae, academic transcripts, and a preliminary research proposal/idea. The Department has a policy of diligently considering proposals amongst senior academic staff, before providing feedback on the inquiry.

Enquiries should be directed to relevant Postgraduate Coordinators:• Economics & Financial Economics: Dr Shamim Shakur ([email protected])• Finance, Banking & Property Study: Dr Chris Malone ([email protected])

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http://www.massey.ac.nz/massey/study/programme-course-and-paper-search/programme.cfm?prog_id=-1005

http://www.massey.ac.nz/massey/study/programme-course-and-paper-search/programme.cfm?prog_id=-1005


6. POSTGRADUATE PAPER INFORMATION

PAPER PRESCRIPTIONS

Course Information Sheets with full details of each paper are available from the Departmental Website http://econ.massey.ac.nz/ or relevant course coordinators. Availability and timetable information below, only relate to Palmerston North offerings.

178.700 MACROECONOMICS I 15 creditsPrerequisite(s): Graduate status, and 178.220 and 178.200, or PHODThe paper provides an advanced exposition as well as critical assessment of selected topics from macroeconomic theory, for example 'old' and 'new' growth theory, traditional Keynesian theories, microeconomic foundations of incomplete nominal adjustment, theories of unemployment. Lecturer: Prof Hans-Jürgen EngelbrechtAvailability: Semester One, Internal

178.705 MICROECONOMICS I 15 creditsPrerequisite(s): Graduate status, and 178.301 or PHODThis is a paper in conventional microeconomic theory. Primary emphasis is placed on consumer and firm decision-making, general equilibrium analysis and welfare economics.Lecturer: To be advisedAvailability: Semester One, Internal.

178.708 TOPICS IN ECONOMIC THEORY 15 creditsPrerequisite(s): Graduate status, and 178.700 and 178.705, or PHODA continuation of 178.700 and 178.705. A selection of topics in modern economics will be covered.Lecturers: Dr James Obben (Macro), Micro: to be advisedAvailability: Semester Two, Internal.

178.715 APPLIED ECONOMICS AND POLICY 30 creditsA study of applied economics and social policy. The application of economic principles will be stressed with particular emphasis on the New Zealand experience.Lecturer: Mr Stuart BirksAvailability: Double Semester, Internal and Extramural.

178.716 ECONOMICS AND EDUCATION 15 creditsCovers a range of education-related questions including: the economic nature of education; supply of and demand for education; externalities and market failure; public and private benefits; human capital; returns to education; economic evaluation; funding systems. Lecturer: Mr Stuart Birks Availability: Semester Two, Extramural

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178.718 HEALTH ECONOMICS 30 creditsProvides an economics perspective in the health care area. Subject areas to be covered include microeconomics for health care, the economics of politics and bureaux, the demand for health care, the supply and organization of health care, hospital behaviour, moral hazard, cost-benefit analysis in health, private versus public provision of health care and contemporary policy issues.Lecturer: Dr Guy ScottAvailability: Double Semester, Extramural.

178.721 RESEARCH METHODS IN APPLIED ECONOMICS 15 creditsIntroduction to research methodology, project design and deterministic quantitative methods in applied economics. Computer applications in research are emphasised.Lecturer: Mr Stuart Birks Availability: Semester One, Internal.

178.722 APPLIED ECONOMETRICS 15 creditsA paper to develop practical skills in the field of applied econometrics. Lecturer: Dr Hatice Ozer-BalliAvailability: Semester Two, Internal, Palmerston North

178.728 BENEFIT-COST ANALYSIS & ENVIRONMENTAL BENEFIT EVALUATION15 credits

This paper is concerned with benefit assessment and economics valuation tools as used in natural resource and environmental economics (but applicable beyond this topic area). It includes analytical techniques, practical applications of non-market valuation, financial project evaluation, applied benefit cost analysis and policy decision making. Theoretical foundations underlying the tools will be discussed but emphasis will be on hands-on practical application.Lecturer: Professor Anton MeisterAvailability: Semester One: Internal only. Semester Two: Extamural only.

178.730 ECONOMICS FOR NON-ECONOMISTS 15 creditsThis paper deals with the use of macroeconomic and microeconomic principles. Topics covered include demand and supply, consumer behaviour, production and cost, the theory of the firm, the circular flow, aggregate demand and supply, the monetary system, inflation and unemployment and the balance of payments and exchange rates. Throughout, emphasis will be placed on applying economic theory to real world situations. This paper is for graduate students who have not previously studied economics.Lecturer: Stuart Birks Availability: Semester One, Internal and Extramural .

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178.750 ADVANCED INTERNATIONAL ECONOMICS I 15 creditsSelected topics in the areas of trade theory and policy, trade openness and economic growth, regional economic arrangements, foreign aid, balance of payments, exchange rates, international factor movements, financial crises and international policy co-ordination.

Lecturers: Dr Faruk Balli & Professor Srikanta ChatterjeeAvailability: Semester One, Internal.

178.756 ECONOMICS OF AGRICULTURAL TRADE AND POLICIES 15 creditsThis paper introduces students to both theoretical and applied welfare analysis of policy intervention in the global food economy. Topics include: a comparative analysis of tariffs, quotas and export subsidies to achieve agricultural policy objectives; contemporary agribusiness issues. As an integral part of the paper, students are introduced to computable general equilibrium modelling software to analyse policy impacts on the global food economy.

Lecturer: Dr Shamim ShakurAvailability: Semester Two, Internal.

178.760 ENVIRONMENTAL AND NATURAL RESOURCE ECONOMICS 15 creditsAn in-depth examination of major issues in natural resource and environmental economics, welfare economics and public policy.Lecturer: Dr Kim Hang Pham-DoAvailability: Semester One, Internal.

178.762 RESOURCE AND ENVIRONMENTAL ECONOMICS FOR NON-ECONOMISTS 30 creditsEconomic analysis of policy management issues in the use of natural resources and the environment. The course will cover such topics as market failure and the need for intervention in the market system, property rights, the application of economic instruments, policy evaluation using benefit-cost analysis and non-market valuation approaches, and sustainability and natural resource or environmental accounting. In the course the concepts and principles will be discussed and applied to resource and environmental issues concerned with among others, fisheries, land, water, biosecurity, climate change, and mining.Lecturer: Professor Anton MeisterAvailability: Double Semester, Internal and Extramural.

178.770 ECONOMIC GROWTH AND DEVELOPMENT 15creditsA policy, theoretical and empirical oriented course for economic growth and development strategies. the course develops frameworks for specific policy issues, including stabilisation and economic growth, capital resources and finance, natural resources and environment, agriculture, industry, competing paradigms of development economics, structural adjustments and major strategies of development.Lecturer: Associate Professor Rukmani GounderAvailability: Semester Two, Internal.

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RESEARCH PROJECTS & THESES

178.799 Research Project 30 credits178.788 Research Project 60 credits178.895 Thesis 90 credits178.897 Thesis (Part 1)* 60 credits178.898 Thesis (Part 2)* 60 credits178.899 Thesis 120 credits178.900 PhD Economics 120 credits

* Thesis Part 1 and Part 2, is an administrative device to allow students to commence their 120-credit thesis in semester two and finish at the end of semester one of the following year.

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7. REQUIRED TEXTBOOKSThis section lists PRESCRIBED textbooks only. Some papers require readings that are taken from several books or journal articles. For a full list of readings, refer to course outlines.

Bennetts Campus Bookshop holds the latest information on textbooks. ALWAYS check their list before buying.

115.106 EconomicsGans, J., King, S. and Mankiw, N. G. (2009) Principles of microeconomics (4th Edition), Thomson: Melbourne.

178.100 Principles of MacroeconomicsMankiw, N.G. (1008), Principles of Macreconomics. Fifth Edition. South Western Cengage Learning, Mason, OH

178.110 The New Zealand Economy Stewart, J. and Rankin, K. (2008), Economic Concepts and Applications: The Contemporary New Zealand Environment (4th Ed.), Pearson, Auckland (New Zealand).

178.200 Intermediate Macroeconomics• Mankiw, N. Gregory (2003), Macroeconomics, Fifth Edition, Worth

Publishers. • Kaufman, Roger T. (2003) Student Guide and Workbook, for Mankiw,

Macroeconomics, Fifth Edition, Worth Publishers.

178.201 Intermediate Microeconomics• Varian, Hal R., Intermediate Microeconomics, 7th Edition, 2006, Norton. • Bergstrom, Theodore C. and Varian, Hal R., Workouts in Intermediate

Economics, 7th Edition, 2006 Norton.

178.210 Economic PolicyNo set text

178.220 Econometrics IWooldridge, J M, Introductory Econometrics: A Modern Approach, 4th Edition, Thomson (South-Western), 2008. [Get the one packaged with the Student Version of EViews]

178.221 Methods of Economic AnalysisJacques, I. (2006) Mathematics for Economics and Business. 5th Edition, Pearson Education

178.240 Managerial Economics• Hirschey, M. (2006) Managerial Economics, (11th edition), Ohio: Thomson. • Hirschey, M. (2006) Study Guide to Accompany Managerial Economics, (11th

edition), Ohio: Thomson.

178.242 Land Economics

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No set text

178.300 Advanced Macroeconomics Snowdon, B. and Vane, H.R. (2005) Modern Macroeconomics: Its Origins, Development and Current State, Edward Elgar Pub. Ltd. UK.

178.301 Advanced Microeconomics• Silberberg, E. and Suen, W., The Structure of Economics, 3rd ed, McGraw-

Hill, New York, 2001. (The second edition of Silberberg is a perfect substitute for this textbook.)

Students may consider purchasing the following ‘teach-your-self-maths-for-economists’ textbook:• Dowling, E.T., Introduction to Mathematical Economics, 3rd ed, McGraw-

Hill, New York, 2001. 178.320 Econometrics

Jeffrey M Wooldridge, Introductory Econometrics, 4th edition, Thomson (South-Western).

178.328 Project EvaluationHolmes, P. (1998) Investment Appraisal International. Thomson Business Press

178.350 International Economics IAppleyard, D.R., A.J. Field and S.L. Cobb, International Economics, 6th edition, Irwin/McGraw-Hill, 2008

178.358 International Trade in Agri-food Products

Reed, Michael R. International Trade in Agricultural Products, Prentice-Hall, 2001.

178.360 Natural Resource and Environmental Economics I 12.5 Harris, Jonathan M. (2006) Environmental and Natural Resource Economics. A Contemporary Approach. (2nd edition) Houghton Mifflin Co., Boston

178.370 Development EconomicsTodaro, M. P. and Smith S.C. (2006) Economic Development, 9th edn., New York: Addison-Wesley.

178.700 Macroeconomics IDavid Romer, Advanced Macroeconomics, Third Edition, McGraw-Hill, 2006.

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178.705 Microeconomics• Varian, H. R, Microeconomic Analysis, Third Edition, Norton, New York,

1992.

Students should consider purchasing (if they do not already own one):• Silberberg, E. and Suen, W., The Structure of Economics, 3rd ed, McGraw-

Hill, New York, 2001

178.708 Topics in Economic Theory 12.5 Microeconomics Component: • Mas-Colell, A., Whinston, M. D. and Green, J. R., Microeconomic Theory,

Oxford University Press, New York, 1995. (A substantial number of the microeconomics lectures will be based on this textbook.)

• Tirole, J., The Theory of Industrial Organisation, MIT Press, Cambridge, 1988. (The treatment of tacit collusion will be based on Tirole.)

• Gibbons, R., A Primer in Game Theory, Harvester-Wheatsheaf, Hemel Hempstead, 1992. (This textbook is a very useful guide to game theory for the applied economist.)

Macroeconomics Component: • Romer, D., Advanced Macroeconomics, 2nd ed., McGraw-Hill, New York,

2001. (The macroeconomics lectures will be based on this textbook.)

178.715 Applied Economics and Policy

No set text

178.716 Economics and Education

No set text

178.718 Health Economics McPake, B., Kumaranayake, L., & Normand, C. (2002). Health economics: an international perspective. New York: Routledge

178.721 Research Methods in Applied Economics Sharp, J.A., Peters, J. and Howard, K. The Management of a Student Research Project. Third Edition, Hampshire: Gower Publishing, 2002.

178.722 Applied Econometrics Wooldridge, J.M., Introductory Econometrics, South-Western.

178.728 Benefit-Cost Analysis and Environmental Benefit EvaluationHanley, N. and Spash, C.L. (1993). Cost-Benefit Analysis and the Environment. Edward Elgar, Aldershot, England.

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178.730 Economics for Non-EconomistsWooding P (1997) Macroeconomics: A New Zealand Introduction, 2nd edition, Prentice Hall

178.750 Advanced International Economics I

M. Obstfeld and K. Rogoff Foundations of International Macroeconomics ( ISBN:9780262150477)

178.756 Economics of Agricultural and Trade Policies

No set text

178.760 Environmental and Natural Resource Economics

No set text

178.762 Resource and Environmental Economics for Non-EconomistsPerman, R., Ma, Y., McGilvary, J. & Common, M. 2003. Natural Resource and Environmental Economics. London, Longman. (3rd edition).The next book is not a compulsory text, but it is very cheap and you may find it helpful.Department of Finance. 1991. Handbook of Cost-Benefit Analysis. Canberra, Australian Government Publishing Service.

178.770 Economic Growth and DevelopmentTodaro, M. P. and Smith S.C. (2006) Economic Development, 9th edn., New York: Addison-Wesley.

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8. SCHOLARSHIPS/PRIZES/AWARDS

Cengage Learning (formerly McGraw-Hill New Zealand) Prize in First Year MacroeconomicsThe prize shall be known as the "Cengage Learning New Zealand Prize in First Year Macroeconomics" which shall have an annual value of $150.

The prize shall be awarded to the internal OR extramural student obtaining the highest mark in the paper 178.100 Principles of Macroeconomics, at Turitea campus. In the case of two or more students attaining equal highest marks, the Head of Department of Economics & Finance may select a single recipient on the basis of criteria such as marks in other papers.

The prize shall be awarded on the recommendation of the Head of Department of Economics & Finance.

Cengage Learning New Zealand reserves the right to review the conditions of the prize annually

Cengage Learning (formerly MCGraw-Hill New Zealand) Prize in First Year MicroeconomicsThe prize shall be known as the "Cengage Learning New Zealand Prize in First Year Microeconomics", which shall have an annual value of $150.

The prize shall be awarded to the internal OR extramural student obtaining the highest mark in the paper 178.101 Principles of Microeconomics, at Turitea campus. In the case of two or more students attaining equal highest marks, the Head of Department of Economics & Finance may select a single recipient on the basis of criteria such as marks in other papers.

The prize shall be awarded on the recommendation of the Head of Department of Economics & Finance.

Cengage Learning New Zealand reserves the right to review the conditions of the prize annually.

Macmillan Publishers Prize in Second Year MacroeconomicsThe prize shall be known as the "Macmillan Publishers Prize at the 200-level in Macroeconomics".

The prize shall consist of three paperback books to the value of £40.00 each to be selected from the annual Macmillan Publishers UK Economics catalogue.

The prize shall be awarded by the donor on the recommendation of the Massey University Council. The Head of Department of Economics & Finance will select the student obtaining the highest mark in the paper 178.200 Intermediate Macroeconomics, at Turitea campus.

In the case of two or more students attaining equal highest marks, the Head of Department of Economics & Finance may select a single recipient on the basis of criteria such as marks in other papers.

Macmillan Publishers reserves the right to review the conditions of the prize annually.

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Pearson Education (formerly Addison Wesley Longman) Prize at the 200-level in MicroeconomicsThe prize shall be known as the "Pearson Education Prize at the 200-level in Microeconomics" and shall consist of books to the value of $250.00 to be selected from the Addison Wesley Longman catalogue.

The prize shall be awarded to the student obtaining the highest mark in the paper 178.201 Intermediate Microeconomics, at Turitea campus. In the case of two or more students attaining equal highest marks, the Head of Department of Economics & Finance may select a single recipient on the basis of criteria such as marks in other papers.

The prize shall be awarded by the donor on the recommendation of the Massey University Council and Academic Board which will be advised by the Head of Department of Economics & Finance.

Pearson Education reserves the right to review the conditions of the prize annually.

The Department of Economics & Finance Prize for paper 178.220 Econometrics I The prize shall be known as “The Department of Economics & Finance Prize for paper 178.220 Econometrics I, and shall have an annual value of $200.

The prize shall be awarded to the student obtaining the highest mark in the paper 178.220 Econometrics I (at least A-). In the case of two or more students attaining equal highest marks, the Head of the Department shall select a single recipient on the basis of criteria such as marks in other papers.

The prize shall be awarded on the recommendation of the Head of Department and shall be recorded on the student’s record.

The Department of Economics & Finance reserves the right to review the conditions of the prize annually, or to not award the prize in any year.

The Department of Economics & Finance Prize for paper 178.221 Methods of Economic Analysis The prize shall be known as “The Department of Economics & Finance Prize for paper 178.221 Methods of Economic Analysis” and shall have an annual value of $200.

The prize shall be awarded to the student obtaining the highest mark in the paper 178.221 Methods of Economic Analysis I (at least A-). In the case of two or more students attaining equal highest marks, the Head of the Department shall select a single recipient on the basis of criteria such as marks in other papers.



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Centre for Applied Economics and Policy Studies Prize for Paper 178.245 The Global Food EconomyThe prize shall be known as the “The Centre for Applied Economics and Policies Studies Prize for paper 178.245 The Global Food Economy and shall have an annual value of $250.

The prize shall be awarded to the student obtaining the highest mark in the paper 178.245 The Global Food Economy at Turitea Campus. In the case of two or more students attaining equal highest marks, the Director of the Centre for Applied Economics and Policy Studies shall select a single recipient on the basis of criteria such as marks in other papers.

The prize shall be awarded on the recommendation of the Director of the Centre for Applied Economics and Policies Studies and shall be recorded on student’s record.

The Centre for Applied Economics and Policy Studies reserves the right to review the conditions of the prize annually, or to not award the prize in any year.

The Department of Economics & Finance Prize for paper 178.300 Advanced Macroeconomics The prize shall be known as "The Department of Economics & Finance Prize for paper 178.300 Advanced Macroeconomics", or the "Macroeconomics Prize" for short, and shall have a value of $200.

The prize shall be awarded to the student obtaining the highest mark in the paper 178.300 Advanced Macroeconomics (at least A-). In the case of two or more students attaining equal highest marks, the Head of Department shall select a single recipient on the basis of criteria such as marks in other papers.

The prize shall be awarded on the recommendation of the Head of Department and shall be recorded on the student's record.


The Department of Economics & Finance Prize for paper 178.301 Advanced Microeconomics The prize shall be known as "The Department of Economics & Finance Prize for paper 178.301 Advanced Microeconomics", or the "Microeconomics Prize" for short, and shall have a value of $200.

The prize shall be awarded to the student obtaining the highest mark in the paper 178.301 Advanced Microeconomics (at least A-). In the case of two or more students attaining equal highest marks, the Head of Department shall select a single recipient on the basis of criteria such as marks in other papers.



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The Department of Economics & Finance Prize for paper 178.320 Econometrics IIThe prize shall be known as "The Department of Economics & Finance Prize for paper 178.320 Econometrics II", or the "Econometrics Prize" for short, and shall have a value of $200.

The prize shall be awarded to the student obtaining the highest mark in the paper 178.320 Econometrics II (at least A-). In the case of two or more students attaining equal highest marks, the Head of Department shall select a single recipient on the basis of criteria such as marks in other papers.



The Centre for Applied Economics and Policy Studies Prize for paper 178.358 International Trade in Agri-food ProductsThe prize shall be known as the “The Centre for Applied Economics and Policies Studies Prize for paper 178.358 International Trade in Agri-food Products and shall have an annual value of $300.

The prize shall be awarded to the student obtaining the highest mark in the paper 178.358 International Trade in Agri-food Products at Turitea Campus. In the case of two or more students attaining equal highest marks, the Director of the Centre for Applied Economics and Policy Studies shall select a single recipient on the basis of criteria such as marks in other papers.

The prize shall be awarded on the recommendation of the Director of the Centre for Applied Economics and Policies Studies and shall be recorded on student’s record.

The Centre for Applied Economics and Policy Studies reserves the right to review the conditions of the prize annually, or to not award the prize in any year.

ADM Economics Prize for paper 178.328 Project EvaluationThe prize shall be known as “ADM Prize for paper 178.328 Advanced Project Evaluation, and shall have an annual value of $200.

The prize shall be awarded to the student obtaining the highest mark in the paper 178.328 Advanced Project Evaluation I (at least A-). In the case of two or more students attaining equal highest marks, the Head of the Department shall select a single recipient on the basis of criteria such as marks in other papers.


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Natural Resource and Environmental Economics PrizeThe prize shall be known as the “Natural Resource and Environmental Economics Prize” and shall have an annual value of $250.

The prize shall be awarded to the student obtaining the highest mark in the paper 178.360 Natural Resource and Environmental Economics I. In the case of two or more students attaining equal highest marks, the Head of Department of Economics & Finance may select a single recipient on the basis of criteria such as marks in other papers.

The prize shall be awarded by the donor on the recommendation of the Head of Department of Applied and International Economics.

The donor reserves the right to review the conditions of the prize annually, or to not award the prize in any year.

Scholarships

The Centre for Applied Economics and Policy Studies Undergraduate Awards in Agricultural EconomicsThe Centre of Applied Economics and Policy Studies Undergraduate Award in Agricultural Economics shall have a value of up to $500 per annum. Candidates must be enrolled full-time in the degree of Bachelor of Applied Economics or Bachelor of Applied Science, except that first year students will not be eligible.

The Award shall be offered annually as funds permit provided that applications are of sufficient academic merit.

The Undergraduate Award shall be made by the Director of the Centre of Applied Economics and Policy Studies. They shall be based on the candidate's academic attainment and the proposed study programme and may take account of other awards, scholarship and bursaries held.

The monies shall be paid in April.

Applications close with the secretary of the Centre of Applied Economics and Policy Studies at end of March in the year in which the Award is to be made.

Centre For Applied Economics and Policy Studies ScholarshipsThe Centre of Applied Economics and Policy Studies Scholarships shall each have a value of up to $1,000 per annum and be open to all students enrolled full-time for a postgraduate degree or postgraduate diploma in the general area of agricultural economics or resource economics at Massey University.

The Scholarships shall be awarded annually as funds permit provided that applications are of sufficient merit. Up to two awards may be made in any year.

The Scholarships shall be made by the Director of the Centre of Applied Economics and Policy Studies. They shall be based on the candidate's academic attainment and the proposed study programme and may take account of other awards, scholarship and bursaries held.

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In recommending the award of Scholarships the Academic Board shall take account of other scholarships and bursaries held with a view to achieving a reasonable distribution of monies among qualifying candidates.

One half of the monies shall be paid in April and the balance in July subject to satisfactory academic progress.

Applications close with the secretary of the Centre of Applied Economics and Policy Studies at end of March in the year in which the Award is to be made.

The Natural Resource and Environmental Economics ScholarshipThe Natural Resource & Environmental Economics Scholarship shall have a value of up to $1,250 per annum and be open to all students enrolled full-time for a postgraduate degree or postgraduate diploma in the area of Resource Economics at Massey University.

The Scholarship shall be awarded annually as funds permit provided that applications are of sufficient merit.

The Scholarship shall be awarded by the Natural Resource Committee in the Department of Economics & Finance. The award will be based on the candidate’s academic attainment and the proposed study programme and may take account of other awards, scholarships and bursaries held, with a view to achieving a reasonable distribution of monies among qualifying candidates.

Application information is available from the Academic & Projects Advisor in the Department of Economics & Finance. Applications close on 30 April in the year in which the award is to be made.

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9. STUDENT PROFILES

Phillip Mellor BApplEcon (Hons), 2007I have been working as a consultant for Deloitte since February 2008, after graduating with a Bachelor of Applied Economics (Honours). My role with Deloitte is as an analyst in the Strategy and Operations section of the consulting service line. The job is incredibly varied as Deloitte works with a wide range of clients in both the public and private sectors across a range of areas. In my first 8 months with Deloitte I have worked on a large HR information systems project, a large process redesign and system implementation project, a diagnostic of the finance function of a large client and a deep 'as is' assessment of the procurement function of a client. When not working on projects, analysts conduct external and internal research to help support our partners and managers in finding future work for the firm. The BApplEcon (Hons) has been a great basis on which to launch my career. I use the quantitative analysis skills developed through the degree on a regular basis, to support both client-based work and internal research. Of even more importance are the qualitative analytic skills that the degree provided me with. The BApplEcon (Hons) is a well rounded degree that provides an excellent grounding in fundamental skills that will be used in any career or industry. Extending the degree to a post grad year was worth the effort and I would highly recommend taking this step to others.

Preeti, BApplEcon (Hons), 2006After finishing BApplEcon(Hons) in 2006, I started my first job at Ministry of Social Development (MSD) as a Graduate Analyst with the Centre for Social Research and Evaluation group. Within 18 months, I moved to the Child Youth and Family’s (CYF) Modelling and Business Analysis Unit as an Analyst. My role mainly requires data analysis, providing input in general business analysis and project management.

The BApplEcon (Hons) provided me with a good foundation in qualitative and quantitative analysis. My specialisation area was Econometrics, and the skills I acquired from my papers are applicable to the work I’m doing such as forecasting and survival analysis. These skills are very valuable in the job market, and have certainly helped me landing on this job.

Matthew Bartleet MApplEcon, 2006After completing my MApplEcon (Hons) in 2006, I began working as a policy analyst at the Ministry of Economic Development (MED) in January 2007. My job in the Economic Strategy team involves working with other parts of the Ministry and other agencies to give a medium-term economic development perspective on a range of key policy issues, from climate change to firm internationalisation and the rugby world cup. Massey's applied economics programme provides a very good basis for analysing complex, real world issues, and a pathway to interesting and rewarding job opportunities.

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Kate Leech, BBS (Management, Economics), 2003 After graduating with a BBS in 2003, Kate secured a job as a Statistical Analyst (Prices Business Unit) with Statistics New Zealand in Wellington. Kate is currently working on a redevelopment of the business price indices and commodity proportions used in supply-use balancing for the National Accounts.

Kate says that "the role of Statistical Analyst at Statistics New Zealand is a fantastic opportunity for a graduate, both challenging and stimulating. I am currently managing my own sub-project which I have been working on for the past 14 months. The project is due to finish at the end of the year when I will begin the next phase of my career here. The opportunity to work closely with both staff and external respondents has increased my confidence in my degree substantially. I have had the opportunity to travel around the country running concept tests with major corporates and attend many training courses to build on the skills obtained at Massey. I have also had the opportunity to continue my studies extramurally at a post graduate level with support from my employer."

"The BBS has provided me with many critical skills necessary to first obtain this role, and now to fulfil the requirements of it. Economics is essential in my day to day tasks of research and analysis, and the management component is allowing me to extend myself into roles where I hold more responsibility and to better understand the organisation in a holistic sense."

Lauren Jewell, BApplEcon (Hons), 2003

I've been working as an economist at Opus International Consultants since July 2005, after 2 1/2 years in the Ministry of Social Development's forecasting and modelling team since my graduation. My role as an economist is to provide professional consulting services, particularly relating to general business analysis, economic assessments, asset management and project management. The BApplEcon (Hons) provided me with a solid base in qualitative and quantitative analysis. The papers I studied in International Trade, Economic Growth and Development and Econometrics are directly relevant to work I'm doing such as business forecasting, natural hazard modelling and analysis and regional economic analysis.

Tran Thong Hoang, BBS 2001

After graduating with a BBS majoring in Economics and Finance in 2001, I joined BP (a multinational energy group which stands for Beyond Petroleum and previously known as British Petroleum) as a Commercial Analyst in the Business Development Department. My job involves in writing economic models, running economic analyses, performing optimisation analysis, running risk / stochastical analysis, and backing up commercial negotiations, etc. In short, my job is to translate commercial agreements and other inputs/assumptions into economic models and then to identify the main economic drivers of the projects and recommend to the management strategies/tactics to maximise the projects' economics. Apart from economic analyses, I also spend about 15% of my time doing other

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analyses such as Competitor Analysis, Country Risk Analysis, Balance of Payment Risk Analysis and so on.

I find my job challenging, interesting and sometimes a bit stretching but very rewarding. My position requires a certain degree of numerical/mathematical skills, spreadsheet skills, and most importantly analytical skills. My education background is a great help. I, from time to time, still refer to my lecture notes/assignments when I get stuck at work. Such terminologies as NPV, IRR, incremental analysis, Monte Carlo simulations should sound familiar to those who took Project Evaluation - the paper that is directly related to my job. Other papers like Macro Economics, International Economics I & II and so on are also either directly or indirectly related to my work. I wished I had also done some Econometrics because now I have to spend quite a lot of time self-studying this topic. I feel that theoretical papers taught at business schools are important to me in the sense that they help build up my fundamental knowledge and argument base. However, they alone are not sufficient in helping make decisions. Quantitative papers are the indispensable compliments. I strongly recommend to those who want to be economists or analysts that both theoretical and quantitative economic papers should be taken in balance.

I found that Economics major provided me with valuable skills, without which I would not be able to be in this challenging and rewarding career. If you have an Economics degree and a reasonable numerical/analytical mind, you shouldn't be worried about getting a decent job!

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TABLE OF CONTENTS - Masseyeconfin.massey.ac.nz/school/documents/AIEHandbook09.pdfDr Alvey’s...

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