Economics 318
This module (from 2022 onwards) consists of three parts:
1. Introduction to Econometrics
Attention is given to statistical concepts, the classical linear model of regression, multicollinearity, autocorrelation, heteroscedasticity, dummy variables, and estimation of regression.
2. Macroeconomics
In this sub-module students will learn how to develop theoretical macroeconomic models. The module is unique in its focus on building these models from microeconomic foundations. Most of the issues to be discussed will focus on the role of money and banking in the local economy, but will also be extended into the area of international macroeconomics.
3. Introduction to Game Theory
Game Theory is a mathematical method that deals with situations where strategic interaction between economic agents take place, in other words where an individual’s utility depends on the actions of other agents. This enables us to analyze situations that fall outside the standard framework of perfect competition, perfect and complete information and abstract markets. This sub-module aims to introduce the student to basic theoretic concepts in game theory, with selected examples and applications being studied in more detail. Reference is also made to behavioural aspects of economic interactions (i.e. evidence from real-world human behaviour as opposed to theoretical ideals) and the relevance this has for economic models.
General Information
Prerequisite Pass module (PP): Economics 214
Prerequisite module (P): Economics 244
Credits: 24
Classes per week: 4 lectures, 1 tutorial
Module convenor: Mr Melt van Schoor
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Upcoming Seminars
Monday 28 July 202512:00-13:00
Dr Neil Rankin: Ceo Of Predictive Insights & Stellenbosch University
Topic: "TBC"
12:00-13:00
Prof Willem Boshoff
Topic: "Two competing approaches in South African competition policy: merger control and anti-cartel enforcement over the past 30 years"
12:00-13:00
Prof Derek Yu: University Of The Western Cape
Topic: "Examining the teaching, assessment and research activities of the South African Economics Departments"
BER Weekly
13 Jun 2025 Another global flashpoint ignites as Israel attacks Iran’s nuclear facilitiesThe story for the week was initially relatively positive, with the overarching narrative being that the US and China agreed on a trade truce. However, overnight, Israel struck Iran’s nuclear facilities, military sites and killed senior commanders in dozens of strikes. While Israel has attacked Iran before, this is the first time nuclear facilities were...
Read the full issue
Upcoming Seminars
Monday 28 July 202512:00-13:00
Dr Neil Rankin: Ceo Of Predictive Insights & Stellenbosch University
Topic: "TBC"
12:00-13:00
Prof Willem Boshoff
Topic: "Two competing approaches in South African competition policy: merger control and anti-cartel enforcement over the past 30 years"
12:00-13:00
Prof Derek Yu: University Of The Western Cape
Topic: "Examining the teaching, assessment and research activities of the South African Economics Departments"
BER Weekly
13 Jun 2025 Another global flashpoint ignites as Israel attacks Iran’s nuclear facilitiesThe story for the week was initially relatively positive, with the overarching narrative being that the US and China agreed on a trade truce. However, overnight, Israel struck Iran’s nuclear facilities, military sites and killed senior commanders in dozens of strikes. While Israel has attacked Iran before, this is the first time nuclear facilities were...
Read the full issue