NQF credits: 14 Fourth year status‚ first / second semester course‚ two lectures per week.
Course co–ordinator: Professor H Abraham.
Entrance requirements: Graduate.
The Economics module takes into consideration the diverse background of the students in the FAPM programme. Accordingly‚ the Economics module introduces the principles of microeconomics and macroeconomics with a particular emphasis on applications. (a) Microeconomics perspectives– The economics problem‚ the operation of markets and price determination. Industrial organization: from perfect competition to monopoly‚ market structure‚ regulating competitive interaction in markets.
Controls‚ excise taxes‚ elasticity and industry responses: a case study of the tobacco industry. Capital management: a lecture will be delivered by a guest speaker.
(b) Macroeconomics perspectives–
The macroeconomic framework: relationships and linkages.
Indicators of macroeconomic performance.
The structure of the South African economy.
Monetary and exchange rate policy in South Africa: monetary policy‚ exchange rate policy and performance‚ regulation.
DP requirements: N/A.
Last updated : 15 Jul 2015
Staff Members on this course :
Prof. Haim Abraham