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Course Description
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Course Name
Principles of Economics
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Host University
University of the Western Cape
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Location
Cape Town, South Africa
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Area of Study
Economics, Management
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Language Level
Taught In English
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Course Level Recommendations
Lower
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.
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Host University Units
15 -
Recommended U.S. Semester Credits4
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Recommended U.S. Quarter Units6
Hours & Credits
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Overview
Main Outcomes
Upon completion of this module, a student should be able to:
Define the foundational concepts of economic principles and their application.Main Content
The economic problem
Mathematical tools ? graphs and statistics
Elementary theory of demand and supply
Elasticity of demand and supply
Markets in action
Circular flow of economic activity
Measuring GDP, economic growth and inflation
Measuring employment and unemployment
Money, inflation and the business cycleBreakdown of Learning Time:
Contact with lecturer / tutor: 56 hours, 3 lectures per week
Assignments and tasks:
Tests and examinations: 10 hours
Self-study: 74, 1 tutorial per week
Other: Worksheets: 10 hoursTotal learning time: 150
Methods of Student Assessment Final Exam = 50%
Continuous Assessment Mark = 50% (Tests; Tutorials)
Course Disclaimer
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.