Economics provides an advanced knowledge of the theories explaining and analysing the production, distribution, and consumption of goods and services and focuses on how individuals, households, firms and governments interact and how economies work. Microeconomics examines the behaviour of buyers and sellers in the economy, while macroeconomics analyses the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy.
Economics is offered in the Bachelor of Business Science at Monash South Africa as a major.
In addition to achieving the broad outcomes of their course broadly, students successfully completing this major will be able to:
- have an in-depth knowledge of economic theories, analytical tools, and modelling techniques to a range of contexts.
No more than 12 points at level 1 may be credited to a major and at least 18 points must be credited to the major at level 3.
To complete the accounting major in the Bachelor of Business Science degree, students must complete the following eight units (48 points):
- ECS1101 Introductory microeconomics
- ECS1102 Introductory macroeconomics
- ECS2141 Economics of labour markets
- ECS2730 Intermediate macroeconomics
- ECS2731 Intermediate microeconomics
- ECS3121 Economics of international trade
- ECS3143 Economics of money and banking
- ECS3830 Competition and regulation
Successful completion of this major can be counted towards meeting the requirements for the following single degrees:
- 4415 Bachelor of Business Science
- 4418 Bachelor of Business Science
Students in other single bachelor's degrees may be eligible to complete the major by using 48 points of their free electives.