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>

Work programme