University of the Western Cape
Cape Town, South Africa
Area of Study
Taught In English
60% in ECO133 or 60% in ECO134
ECO121 (B.Econ 4yr)
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 Units10
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4.5
Hours & Credits
Upon completion of this module, a student should be able to:
· Define and apply the basic concepts of labour economics (e.g. economically active
population, labour force participation rate).
· Apply the microeconomic tools to analyse labour market outcomes (levels of
wages and employment).
· Define important issues such as labour productivity and unit labour costs.
· Discuss the impact of unions on wages, productivity and unit labour costs.
· Analyse and interpret the unemployment situation in South Africa.
· Labour demand and supply in competitive and non- competitive markets
· Wages and productivity in South Africa
· The economics of wages and collective bargaining
· Unemployment in South Africa
· Human Capital and the demand for skilled labour
· Labour market inequalities and discrimination.
Breakdown of Learning Time:
Contact with lecturer / tutor: 42 hours
Assignments & tasks: 20 hours, two lectures per week
Tests & examinations: 7 hours
Self-study: 31, 1 tutorial per week
Total learning time: 100
Methods of Student Assessment
Final Exam = 50%
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.