Principles of Economics

University of the Western Cape

Course Description

  • Course Name

    Principles of Economics

  • Host University

    University of the Western Cape

  • Location

    Cape Town, South Africa

  • Area of Study

    Economics, Management

  • 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, a student should be able to:
    Define the foundational concepts of economic principles and their application.

    Main Content
    The economic problem
    Mathematical tools ? graphs and statistics
    Elementary theory of demand and supply
    Elasticity of demand and supply
    Markets in action
    Circular flow of economic activity
    Measuring GDP, economic growth and inflation
    Measuring employment and unemployment
    Money, inflation and the business cycle

    Breakdown of Learning Time:
    Contact with lecturer / tutor: 56 hours, 3 lectures per week
    Assignments and tasks:
    Tests and examinations: 10 hours
    Self-study: 74, 1 tutorial per week
    Other: Worksheets: 10 hours

    Total learning time: 150

    Methods of Student Assessment Final Exam = 50%
    Continuous Assessment Mark = 50% (Tests; Tutorials)

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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