University of Cape Town
Cape Town, South Africa
Area of Study
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.
Host University Units18
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4 - 5
Hours & Credits
OverviewThe course formalizes consumer and producer optimisation, and explores factor markets under perfect and imperfect competition before introducing general equilibrium theory, graphically and algebraically. The final section, on industrial organisation, looks at models that relax the critical assumptions of GE. All sections of the course incorporate applications. The sequence and number of lectures allocated to topics is variable.
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.