Economics 144

The following themes are discussed, with a specific focus on South Africa:

• how the aggregate economy is measured and functions (including the multiplier model)
• unemployment and the role of fiscal policy
• inflation and the role of monetary policy
• the money market and the role the central bank plays
• the role of technological change in the economy and how it affects income inequality
• the role of globalisation (international trade, migration and investment) in the aggregate economy

Corequisite module (C): Economics 114

Credits: 12

Classes: 3 lectures, 1 tutorial

Module convenor: Liezl Nieuwoudt lnieuw@sun.ac.za

Work programme