Economics I

Nelson Mandela University

Course Description

  • Course Name

    Economics I

  • Host University

    Nelson Mandela University

  • Location

    Port Elizabeth, South Africa

  • Area of Study

    Economics

  • Language Level

    Taught In English

  • 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.

    Hours & Credits

  • Host University Units

    12
  • Recommended U.S. Semester Credits
    0
  • Recommended U.S. Quarter Units
    1
  • Overview

    Syllabus

    PURPOSE
    This module will equip students with Economic knowledge that will enable them to participate in, contribute to, adapt to and survive in a complex society. It will enable them to demonstrate a critical awareness of the benefits of responsible and sensitive resource exploitation.

    LEARNING OUTCOMES

    • Acquire an advanced economics vocabulary that will allow them to debate and communicate the essentials of the subject.
    • Apply the principles that underlie the basic economic processes and practices in a responsible and accountable manner.
    • Explore a variety of methods and strategies to analyse and explain the dynamics of markets.
    • Collect, analyze and interpret production, consumption and exchange data as well as other information in order to make informed decisions.
    • Understand human rights concerns and reflect on poverty alleviation and the process of creating wealth.
    • Analyze and assess the impact of local and global institutions on the South African economy.

    CORE CONTENT

    • What economics is all about.
    • The economic problem.
    • Interdependence between the 4 sectors my, markets and flows of the economy.
    • Demand, supply and price forming.
    • Demand and supply in action.