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. If a student gets at least 40% for MAM1000W they will be allowed to register for ECO2004.
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 behaviour 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 – 10h00 Monday, Tuesday, Wednesday, Thursday,10h00 – 11h00 Monday, Tuesday, Wednesday, Thursday,11h00 – 12h00 Monday, Tuesday, Wednesday, Thursday
DP requirements: Students must write the 2 tests and the essay and must obtain a weighted average mark of 30% for the 2 tests and the essay. 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 weighting and variation for exemptions and absences.
Last updated : 18 Apr 2018