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  • Last Updated

    04 December 2019

When you are trying to decide whether to blow your budget and go skiing or stay at home and study, you’re using basic principles of economics.

Economics is about choice, and is at the heart of decision-making.

Economics can be applied to business, finance, administration, law, local and national government, and, in fact, to most aspects of everyday life. It is not just a subject: it is a way of thinking, and it provides a logical way of looking at a variety of issues of importance to human well-being.

Some of these include unemployment, economic growth, inflation, exchange rates, interest rates, international trade, taxes, market power, pricing, poverty, and distribution of income and resource allocation in areas such as education, health, business, and the environment. At Otago, you’ll





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