ECO3020F - Advanced Macro And Micro Economics
18 credits at NQF level 7
Students must have completed MAM1010 (or an equivalent), ECO2003 and ECO2004.
This is a compulsory core module for all students taking Economics programmes. The course is divided into (i) microeconomics and (ii) macroeconomics. Microeconomics covers general equilibrium analysis under perfect competition and market failure (externalities, public goods, and imperfect information). Welfare economics is also discussed. The macroeconomics module is developed using micro foundations. It first covers explanations for the business cycle in a closed economy with money.