Programme Overview
The Introduction to Economics course firstly explores key macro-economic concepts and then focuses on microeconomics. The course deals with the following important economic concepts: socio-economic systems, the South African macro-economic policy, market demand and supply, the labour market, competition, inflation, fiscal and financial policy, trade policy and industrial policy. The success factors of the fastest growing economies in the world are analysed as well as the advantages and disadvantages of globalisation.
Learning Outcomes
- Explain the interaction of supply and demand in the South African political economy
- Identify & explain the nature of development economics with specific reference to the SAcontext
- Illustrate key economic concepts central to local ecomonic development in the form of a presentation with examples in the work context
- Critiquing using mathematical techniques for collecting organising and presenting data
- Applying mathematical calculations to different business transactions
- Defining economic relationships based on mathematical analysis
Duration
- 2 days contact time including group activities
