Economics 114
The following five broad themes are studied:
• Problems economists address: inequality, poverty, economic growth, sustainability, scarcity, choice
• Economic decision making: incentives, relative prices, economic rent, labour, production, opportunity cost
• Economic relationships and interactions: game theory, equity, efficiency
• Markets: supply and demand, price-taking and competitive markets, elasticity
• Market dynamics: rent-seeking, taxation, market failure, externalities, and government policies
Prerequisite module: None
Credits: 12
Classes: 3 lectures, 1 tutorial
Module convenor: Kholekile Malindi <Dr Kholekile Malindi>
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BER Weekly
13 Sep 2024It was a jam-packed week, both on the political front and in terms of economic data releases. The US presidential debate dominated international headlines. Meanwhile, locally, there were hints of political (or, more specifically, GNU) instability. This was mainly related to President Cyril Ramaphosa’s decision to publicly sign the Basic Education Laws...
Read the full issue
BER Weekly
13 Sep 2024It was a jam-packed week, both on the political front and in terms of economic data releases. The US presidential debate dominated international headlines. Meanwhile, locally, there were hints of political (or, more specifically, GNU) instability. This was mainly related to President Cyril Ramaphosa’s decision to publicly sign the Basic Education Laws...
Read the full issue