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Economics 113


 
Module code EKN 113
Qualification Undergraduate
Faculty Faculty of Economic and Management Sciences
Module content

Introduction to economics and principles of microeconomics
The scope of economics; the basic theory of demand and supply; price, income and cross elasticity of demand; consumer utility, the utility function and case studies in terms of the utility function; the theory of the firm in the short and long run; market structures, namely the perfect market, monopoly, oligopoly and monopolistic competition; public sector finances; microeconomics versus macroeconomics and economic statistics.

Module credits 15.00
Service modules Faculty of Natural and Agricultural Sciences
Prerequisites Reg. 1.2 (e)
Contact time 3 lectures per week
Language of tuition Both Afr and Eng
Academic organisation Economics
Period of presentation Semester 1

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