18 NQF credits at HEQSF level 6
Course entry requirements: ECO1010F/S/H/X and ECO1011F/S and STA1001F/H or MAM1002W/X, or MAM1010F/S or MAM1012F/S or MAM1004H or MAM1005H or MAM1006H. A student will be permitted to take ECO2004S without having passed ECO2003F, although it is desirable to pass ECO2003F prior to taking ECO2004S. To register for this course,
permission is required from the School of Economics
The course builds upon ECO1011S and aims to provide students with the analytical tools and formal models to explain the of output, inflation, employment, interest rates and other economic aggregates. These tools are used to understand current economic issues, forecast the of the economy, and assess the impact of policy choices. Specifically, the course starts with the short run of the economy through the IS-LM model (building on the Keynesian model introduced in the first year) before it moves on to consider the medium run through the AS-AD
model. Finally, it looks at the factors that influence growth using the Solow growth model. Analysis of the open economy, such as trade and exchange rate regimes is also undertaken.
Lecture times: 09h00 – 12h00 Monday, Tuesday, Wednesday, Thursday, Friday
DP requirements: To obtain a DP certificate students have to write all class tests, attend and hand in at least five (5) tutorials and obtain a combined average term mark of at least 30%. DP certificates will be refused to students who miss a test. Note that due to the short duration of the
course no medical certificates will be accepted.
Assessment: Coursework: 50%; Exam: 50%. The course outline will detail the breakdown for submissions weightings and variation for exemptions and absences.
Last updated : 18 Apr 2018