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NQF credits: 14 Fourth year status‚ first / second semester course‚ two lectures per week.

Course co–ordinator: Professor H Abraham.

Entrance requirements: Graduate.

Course outline:

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.

Economic forecasts.

DP requirements: N/A.


Examination 60%

Tests/Projects 40%      

Last updated : 15 Jul 2015

Staff Members on this course :

Prof. Haim Abraham Professor

021 650 2720
4.04, The School of Economics, New Building, Middle Campus.

Research Area / Interest :
Finance; futures and derivatives; monetary economics in a general equilibrium context

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