Undergraduate - UnitECS1102 - Introductory macroeconomics

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	South Africa Second semester 2014 (Day)

Synopsis

An introduction to the study of economics from a macroeconomic perspective including the following areas of study: trade in a global village, GDP as National Income and Aggregate Expenditure, savings and investment, unemployment, money and the South African monetary system, aggregate demand and supply in the short and long run, monetary and fiscal policy, including the related debates in South Africa as an open economy and as a major economy in Africa.

Outcomes

The learning goals associated with this unit are to:

gain an insight into the product, money, labour and foreign exchange markets
develop skills in the application of economic principles to wider social issues
gain knowledge and understanding of the South African and African economies and their operation in an international environment
acquire the basis for more advanced studies in economics
demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered.