Introduction to the Economy and Business
University of the Western Cape
Cape Town, South Africa
Area of Study
African Studies, Economics, Finance
Taught In English
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 Units15
Recommended U.S. Semester Credits4
Recommended U.S. Quarter Units6
Hours & Credits
OverviewAt the end of this module, students should be able to:Explain the basic principles of economic theory and their application in the South African economy Understand the role of consumers, producers and the government in the economy.
Describe and evaluate South Africa?s recent economic performance. Describe and evaluate the requirements for entrepreneurial success in the SA economy
Describe/explain the principles of small business functions and apply them to real world settings.Demonstrate an understanding of the environment in which small businesses operate.
Develop a business plan for a small business. Introduction to Economics and basic economic principles Overview of the South African economy
Perfect and imperfect competition Production and costs
Role of entrepreneurship
The environment in which small business operates Establishing a small business.Principles underlying the main functional areas.Compilation of the Business Plan.
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.