This course is open to all students not specializing in economics and but seeking an introduction to the discipline. It is aimed at providing a broad perspective on the subject covering topics from both the core microeconomics and macroeconomics syllabus. The course concentrates more on an understanding of economic concepts and their applications rather than rigorous proofs and analysis.
18 NQF credits at HEQSF level 5
Course entry requirements: None
ECO1007S is a course that introduces students to the core concepts in both micro- and macroeconomics. The focus is on the understanding of theoretical concepts and applications, rather than on rigorous proofs. Microeconomics focuses on the decisions of individual consumers, producers households and in look at standard economic models including the production possibility frontier, demand and supply analysis and elasticity, we also explore the idea of comparative advantage as it applies to specialization and trade. Macroeconomics focuses on the economy as a whole and in this section of unravel the meaning, of such everyday concepts as money, inflation, exchange rates, unemployment GDP.
Lecture times: 12h00 - 13h00 Tuesday, Wednesday, Thursday & Friday
DP requirements: All class tests to be completed. Only students who have obtained DP certificates may write the final examination.
Assessment: Coursework: 50%; Exam: 50%. The course outline will provide more detail on the breakdown for submission weightings and variation for exemptions and absences.
Last updated : 18 Apr 2018