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18 NQF credits at HEQSF level 5
Course entry requirements: Admission to . National Senior Certificate: a pass (5) in Mathematics. Senior students must have passed the equivalent of courses.
Co-requisites: There is no co-requisite, but students are strongly advised to do a formal mathematics course (STA1001, MAM1010, MAM1000 or equivalent). Not having done such a course will preclude entry to Economics.
Course outline:
In any developed scarce resources have to be and used to meet the public’s needs. This course focusses on the processes involved, particularly those common to modern western economies. It begins with market mechanism and price formation. The background to demand (cardinal and ordinal utility) follow. The neo-classical theory of supply is then introduced, leading from production function analysis to the derivation of supply under perfect competition. Other market forms follow, and the course concludes with sections on factor pricing and international trade.
Lecture times: ECO1010F 09h00 – 10h00 Tuesday, Wednesday, Thursday & Friday10h00 –11h00 Tuesday, Wednesday, Thursday & Friday11h00 – 12h00 Tuesday, Wednesday, Thursday & Friday12h00 – 13h00 Tuesday, Wednesday, Thursday & Friday ECO1010S 12h00 – 13h00 Tuesday, Wednesday, Thursday & Friday
DP requirements: You are required to attend the assigned tutorials. If you do not attend 70% of these you will be refused a DP, i.e., you will not be entitled to write the examination. Your year mark contributes a half of your final total for the course. If your year mark is below 30% you will not be permitted to write the final examination. If you choose not to submit your essay or not to
write a test you will be given a mark of zero for that component of the but will be allowed to write the examination provided your year mark is above 30%.
Assessment: Coursework 50%; Exam 50%. The course outline will detail the breakdown for submission weightings and variation for exemptions and absences.

Last updated : 19 Apr 2018

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