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Economics 110


 
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
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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