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HEQF credits: 18HEQF course level: 5

Entrance requirements:

Must be in the third year of an Engineering Programme. 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.

Course outline:

ECO1007S is a one semester 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 and households and in this section we 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 the course we unravel the meaning, application and limitations of such everyday concepts as money, inflation, exchange rates, unemployment and GDP.

Additional information:

Course information is disseminated by means of hand–outs‚ announcements at lectures‚ and the notice board. It is the student’s responsibility to be familiar with all course information.

Course convenor: Jing-Woei Chien (jing-woei.chien@uct.ac.za)

Course administrator: Natalia Lakay (Natalia.lakay@uct.ac.za)

Last updated : 13 Jan 2017





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