Advanced Macro and Microeconomics
University of Cape Town
Cape Town, South Africa
Area of Study
Taught In English
Students must have completed ECO2003F Microeconomics II and ECO2004S Macroeconomics II; STA1000S Introductory Statistics and STA1001F Introductory Statistics 1 or equivalent e.g. MAM1010F.
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Host University Units18
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units6
Hours & Credits
This is a compulsory core module for all students taking economics programmes. The course is divided into (i) microeconomics and (ii) macroeconomics. Microeconomics covers general equilibrium analysis under perfect competition and market failure (externalities, public goods and imperfect information). Welfare economics is also dealt with. Macroeconomics covers expectations and introduces students to growth theory.
DP requirements: All class tests and assignments/essays/projects to be completed. A weighted average mark of 40% for tests, tutorials, essays and assignments. Only students who have obtained DP certificates may write the final examination.
Assessment: Classwork (tests, tutorials and assignments/essays/projects) 40% June examination 60% The course outline will detail the breakdown for submission weighting and variation for exemptions and absences.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.