International Economics

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

International Economics at Auckland Royal Academy provides a rigorous analysis of the economic forces driving globalisation, trade, capital flows, and monetary relations between nations. The programme covers international trade theory, trade policy, foreign exchange markets, balance of payments analysis, and the economics of regional integration, equipping graduates to understand and contribute to New Zealand's engagement with the global economy as a small, highly open, and trade-dependent nation.

Seminars connect economic theory with New Zealand's actual trade relationships, examining the economics of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the New Zealand-China Free Trade Agreement, and New Zealand's commodity export dependence. Econometric analysis of trade data, exchange rate dynamics, and international capital flows develops the empirical skills needed for professional work in trade policy and international finance.

Career Opportunities

International Economics graduates work at the Ministry of Foreign Affairs and Trade, Treasury, Reserve Bank, trade finance divisions of major banks, international organisations including the World Trade Organisation and International Monetary Fund, and economic consultancies serving businesses engaged in international trade and investment. The programme is an excellent foundation for postgraduate study in international economics or public policy.

Program Learning Outcomes

Apply Heckscher-Ohlin, Ricardian comparative advantage, and new trade theory frameworks to analyse the structure and pattern of New Zealand's international trade relationships and evaluate the economic effects of trade policy.

Evaluate balance of payments dynamics, exchange rate determination theories, and international capital flow patterns using empirical data, applying insights to assess New Zealand's external sector vulnerabilities and opportunities.

Critically assess the design and economic consequences of international trade agreements, investment treaties, and global governance institutions, applying a New Zealand perspective to evaluate the distributional effects of economic globalisation.

Programme

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

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