| Module code | EKN 110 |
| Qualification | Undergraduate |
| Faculty | Faculty of Economic and Management Sciences |
| Module content | This module deals with the core principles of economics. A distinction between macroeconomics and microeconomics is made. A discussion of the market system and circular flow of goods, services and money is followed by a section dealing with microeconomic principles, including demand and supply analysis, consumer behaviour and utility maximisation, production and the costs thereof, and the different market models and firm behaviour. Labour market institutions and issues, wage determination, as well as income inequality and poverty are also addressed. A section of money, banking, interest rates and monetary policy concludes the course. |
| Module credits | 10.00 |
| NQF Level | 05 |
| Programmes |
BCom (Agribusiness Management)
BCom (Informatics) Information Systems BCom (Law) BCom (Statistics and Data Science) BAdmin (Public Management and International Relations) BCom BCom (Accounting Sciences) BCom (Business Management) BCom (Econometrics) BCom (Economics) BCom (Financial Sciences) BCom (Human Resource Management) BCom (Investment Management) BCom (Marketing Management) BCom (Supply Chain Management) BEd (Senior Phase and Further Education and Training Teaching) BIT (Information Systems) BSc (Construction Management) BSc (Quantity Surveying) BSc (Real Estate) BTRP BA BPolSci (International Studies) BPolSci (Political Studies) BSocSci (Industrial Sociology and Labour Studies) BSocSci (Philosophy, Politics and Economics) BConSci (Clothing Retail Management) BConSci (Food Retail Management) BConSci (Hospitality Management) BSc (Actuarial and Financial Mathematics) BSc (Applied Mathematics) BSc (Mathematical Statistics) BSc (Mathematics) BSc extended programme - Mathematical Sciences BScAgric (Agricultural Economics and Agribusiness Management) |
| Service modules | Faculty of Engineering, Built Environment and Information Technology Faculty of Education Faculty of Humanities Faculty of Natural and Agricultural Sciences |
| Prerequisites | No prerequisites. |
| Contact time | 1 discussion class per week, 2 lectures per week |
| Language of tuition | Module is presented in English |
| Department | Economics |
| Period of presentation | Semester 1 |
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