University of the Western Cape

Course Description

  • Course Name


  • Host University

    University of the Western Cape

  • Location

    Cape Town, South Africa

  • Area of Study


  • Language Level

    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.

    Hours & Credits

  • Host University Units

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • 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 context

    Main 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.


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