This course deals with the basic concepts of economics. A distinction between macroeconomics and microeconomics is made. A discussion of the market system and circular flow of goods, services and money is followed by a section dealing with microeconomic principles, including demand and supply analysis, consumer behaviour and utility maximisation, production and the costs thereof, and the different market models and firm behaviour. Labour market institutions and issues, wage determination, as well as income inequality and poverty are also addressed. A section of money, banking, interest rates and monetary policy concludes the course.
English Physical Science Mathematics Accounting Life Sciences Afrikaans Economics Mathematical Literacy Natural Science Business Studies
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Alberton Benoni Cape Town Centurion Durban East London
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