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| Higher Certificate,Under Graduate Degree,Diploma |
Year module |
NQF level: 5 |
Credits: 12 |
| Module presented in English |
Module presented online |
| Purpose: Qualifying students will have an informed understanding of the economic problem of scarcity in societies and will be able to explain how this problem is addressed in various economic systems. Students will be able to explain the role and relationship between different economic participants and will be able to use graphs, equations and tables to represent and illustrate relevant economic theory. Students will be able to use key concepts such as demand and supply analysis and elasticity to analyse microeconomic problems. Students will be able to broadly appraise the South African economy in terms of macroeconomic objectives and propose and analyse policy measures that can be used to attain such objectives. |