Economics

Economics is about how individuals, businesses and governments interact when resources are scarce (almost always!).

Studying in this area involves learning about human decision-making and behaviour, including how markets work and government intervention in them.

Economics is also about economic growth, poverty, international trade, etc, and about sectors of the economy such as health, education and the environment.

NZ university majors related to this area

Though in the same subject area, they may be very different.

Did you know?

Adam Smith (1723-90) published his book An Inquiry into the Nature and Causes of the Wealth of Nations in 1776.

This book was (and still is!) very influential and is considered to be the foundation of modern economics.

Examples of career opportunities

Most entail additional learning (lifelong learning!).

  • Economist
  • Agricultural economist
  • Business economist
  • Health economist
  • Development economist
  • Businessperson
  • Journalist
  • Politician
  • Economic historian
  • Econometrician
  • Public policy analyst
  • Foreign affairs analyst
  • Development agency analyst
  • Non-governmental organisation (NGO) worker
  • Social studies teacher
  • Social worker
  • Economics teacher
  • Academic

Income and employment prospects

Income

173% of national
median earnings


Employment

73%
Employed
2%
Unemployed
15%
Further study
10%
Other or unknown

Figures based on young domestic graduates 5 years after graduation. Source: Ministry of Education.

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