Students in this course write the same final examination as the ECO1010F/S students.
18 NQF credits at HEQSF level 5
Course entry requirements: The course is open to first-year EDU students who meet the criteria for admission to ECO1010F.
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: ECO1110F 11h00 – 12h00 Monday, Tuesday, Wednesday, Thursday, Friday12h00 – 13h00 Monday, Tuesday, Wednesday, Thursday, Friday ECO1110S 12h00 – 13h00 Monday, Tuesday, Wednesday, Thursday and 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 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 weighting and variation for exemptions and absences.
Last updated : 19 Apr 2018