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This course is designed for students intending to do only one semester of Economics. It is therefore aimed at providing a broad perspective on the and concentrates more on an understanding of economic concepts and their application than it does on rigorous proofs and analysis.

18 NQF credits at HEQSF level 5

Course entry requirements: Only students who are registered in the Faculty of Humanities may register for this course or with special permission from the course convenor or head of

Course outline:

This course comprises of both micro- Microeconomics focuses on individuals, be it individual consumers, firms or markets. The focus is on individual entities. Macroeconomics focuses on the economy as a whole. Rather than looking at the factors that determine an individual’s consumption decisions (i.e. his/her income, the expected utility derived from different goods and the prices of those goods), the focus in macroeconomics is on total consumption of all consumers in the economy. Similarly, the focus is not on the output decision of any individual firm, or even an industry, but on the total output of all firms in the economy as a whole.

Lecture times: 16h00 - 18h00 Monday & Thursday

DP requirements: All class tests and assignments/essays/projects to be completed. Attend at least 70% tutorials. Satisfactory completion and timeous submission of at least 70% of tutorials. A weighted average mark of 30% for tests, tutorials, essays assignments. Only students who have obtained DP certificates may write the final examination.

Assessment: Coursework 50%; Exam 50%. The course outline will detail the breakdown for submission weightings and variation for exemptions and absences.

Last updated : 18 Apr 2018

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