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18 NQF credits at HEQSF level 7
Course entry requirements: Students must have completed ECO2003F and ECO2004S; STA1000S and STA1001F or equivalent e.g. MAM1010F.
Course outline:
This is a compulsory core module for all students taking Economics programmes. The course is divided into 
(i) microeconomics and 
(ii) macroeconomics. covers general equilibrium analysis under perfect competition and market failure (externalities, public goods, and imperfect information). Welfare economics is also discussed.The macroeconomics module is developed using micro foundations. It first covers explanations for the business cycle in a closed economy with money. The basic market-clearing model is then relaxed to account for sticky prices and Keynesian effects. The course then focuses on an open monetary economy with foreign trade, capital flows, and an exchange rate. The course also reviews the experience of the 2008 international financial crisis.
Lecture times: 09h00 – 10h00 Monday, Tuesday, Wednesday, Thursday, Friday10h00 – 11h00 Monday, Tuesday, Wednesday, Thursday, Friday
DP requirements: None
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

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