Master of Science in Economics

Summary

The Master of Science usually consists of two parts: coursework and a thesis allowing for students to investigate areas of interest to them and conduct independent and original research. The MSc may be awarded with Distinction, Merit or Honours.

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

• Part I and Part II must be completed in 2 years full-time
• Part I must be completed full-time in 1 year.
• Part II is completed full-time in 1–2 years.

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

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

Career opportunities

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

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

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

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

Start date: Monthly by arrangement with supervisor