Financial Economics Concentration

You’ll develop the cultural awareness and critical thinking skills you need to analyze and produce a broad range of discourse in a full spectrum of careers — and to make a difference in whatever you do.

Overview

The Financial Economics Concentration at Auckland Royal Academy provides an advanced study of the intersection between economic theory and financial markets, developing graduates capable of rigorous analysis of capital markets, asset pricing, financial institutions, and monetary policy. The programme is designed for students who seek to combine the theoretical depth of economics with the applied focus of finance, preparing them for careers in economic research, financial regulation, investment banking, and central banking.

Seminars explore current debates in financial economics — including the efficiency of New Zealand's capital markets, the transmission of monetary policy, the macroeconomic implications of household debt, and the economics of financial regulation. Econometric research projects using financial market data develop your ability to test economic hypotheses and produce rigorous empirical analysis relevant to financial decision-making and policy.

Career Opportunities

Graduates of the Financial Economics Concentration pursue careers with the Reserve Bank of New Zealand, Treasury, the Financial Markets Authority, investment banks, asset management firms, and economic consultancies. The programme's combination of advanced economic reasoning and financial market knowledge is particularly valued in institutions where rigorous economic analysis directly informs financial policy and investment strategy.

Program Learning Outcomes

Apply asset pricing theory, including the Capital Asset Pricing Model, Arbitrage Pricing Theory, and behavioural finance frameworks, to analyse financial market phenomena and evaluate investment performance in New Zealand and global markets.

Use advanced econometric methods — including time series analysis, panel data estimation, and event studies — to conduct original empirical research on financial markets, financial institutions, and monetary policy transmission.

Evaluate the economic rationale for financial regulation, applying welfare economics and information asymmetry theory to assess the design and effectiveness of New Zealand's financial regulatory framework.

Programme

Semester 1CreditsNumber
Introduction to Financial Economics4ECON 101
Foundations & Theory4ECON 110
Research Methods3ECON 120
Semester 2CreditsNumber
Applied Financial Economics I4ECON 201
Professional Practice3ECON 210
Industry Context NZ4ECON 220
Semester 3CreditsNumber
Applied Financial Economics II4ECON 301
Critical Perspectives3ECON 310
Ethics & Standards3ECON 320
Semester 4CreditsNumber
Advanced Financial Economics4ECON 401
Specialisation Elective3ECON 410
Financial Economics Capstone Project4ECON 490
Total for the entire period of study11

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