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HEQF credits: 18

HEQF course level: 5

First year‚ second semester course‚ the course is repeated in the first semester of the following year‚ 3 or 4 lectures and 1 or 2 tutorials/workshops per week. Optional workshops to be advised.


No student may be concurrently registered for ECO1010S and ECO1011S.

Entrance requirements: 

A minimum mark of 50% for ECO1010F/S or ECO1110H/F/S.ECO1010F/S may be taken concurrently with ECO1011F/S if ECO1010 has been previously attempted.

Course outline:

This course is an introductory level course in macroeconomic theory and policy. Macroeconomics studies the aggregate behavior of the economy. The list of topics covered include gross domestic product, economic growth, unemployment, inflation, exchange rates, balance of payments, business cycles, fiscal and monetary policy tools and objectives. The course will build on macroeconomic relationships to develop models explaining various interactions within the economy, providing students with a framework for understanding and interrogating the workings of the economy. The course emphasizes relevant and current issues in the context of South African economic history. We also explore South Africa’s relationship with the rest of the world.

Additional information:

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

Course convenor:

Leigh Neethling

Last updated : 19 Feb 2018

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