units

ECS2730

Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedSouth Africa First semester 2014 (Day)

Synopsis

Measuring and interpreting macroeconomic data; consumption and investment decisions; analysis of the real exchange rate and trade balance; assets price movements; different international monetary systems; the economic benefits and costs of optimum currency areas; IS-LM mode; AD-AS model; how policy-makers in South Africa and the broader African continent try to stablise the economy.

Outcomes

The learning goals associated with this unit are to:

  1. demonstrate the impact of monetary and government policies on an open economy using the IS-LM model and AD-AS model
  2. explain the policy consequences of consumption and investment decisions
  3. explain how policies affect the trade balance and income
  4. analyse policy responses to assets price movements
  5. evaluate the economic benefits and costs of optimum currency areas.

Assessment

Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester

Prerequisites

Prohibitions