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Course Description
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Course Name
Economics
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Host University
University of the Western Cape
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Location
Cape Town, South Africa
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Area of Study
Economics
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Language Level
Taught In English
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Course Level Recommendations
Lower
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.
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Host University Units
15 -
Recommended U.S. Semester Credits4
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Recommended U.S. Quarter Units6
Hours & Credits
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Overview
Main Outcomes
Upon completion of this module students should be able to:
Define and apply basic economic theories and concepts in microeconomics and macroeconomics
Construct graphs and use basic algebra to analyse basic economic relationships
Apply basic algebra to analyse economic relationships
Explain micro and macroeconomics in the South African contextMain Content
The following content is applied in the South African context:
Introduction to economics
Application of mathematical tools to economics.
Elementary theory of demand and supply.
The economic problem and the circular flow.
Determination of national income, growth, inflation, employment; money, and the banking system.
The simple Keynesian model.
Aggregate demand and supply.
Introduction to monetary and fiscal policy.
Course Disclaimer
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.