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Diploma,Higher Certificate,Under Graduate Degree |
Year module |
NQF level: 5 |
Credits: 12 |
Module presented in English |
Module presented online |
Purpose: Students credited with this module will have a basic knowledge of microeconomic theory and will be able to apply, analyse and interpret basic microeconomic concepts and principles. The purpose of this module is to gain insight into the solving of the basic economic problem in different economic systems, how households and firms take decisions as well as how prices are determined under conditions of perfect and imperfect competition. |