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Economics - South Africa

Undergraduate

Major

Commencement year

This area of study entry applies to students commencing this course in 2018 and should be read in conjunction with the relevant course entry in the Handbook.

Any units listed for this area of study relate only to the ‘Requirements’ outlined in the Faculty of Business and Economics of any bachelors double degrees.

Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.

Managing faculty

Faculty of Business and Economics

Description

Economics provides an advanced knowledge of the theories explaining and analysing the production, distribution, and consumption of goods and services and focuses on how individuals, households, firms and governments interact and how economies work. Microeconomics examines the behaviour of buyers and sellers in the economy, while macroeconomics analyses the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy.

Availability

Economics is offered in the Bachelor of Business Science at Monash South Africa as a major.

Outcomes

In addition to achieving the broad outcomes of their course broadly, students successfully completing this major will be able to:

  • have an in-depth knowledge of economic theories, analytical tools, and modelling techniques to a range of contexts.

Units

No more than 12 points at level 1 may be credited to a major and at least 18 points must be credited to the major at level 3.

To complete the accounting major in the Bachelor of Business Science degree, students must complete the following eight units (48 points):

  • ECS1101 Introductory microeconomics
  • ECS1102 Introductory macroeconomics
  • ECS2141 Economics of labour markets
  • ECS2730 Intermediate macroeconomics
  • ECS2731 Intermediate microeconomics
  • ECS3121 Economics of international trade
  • ECS3143 Economics of money and banking
  • ECS3830 Competition and regulation

Relevant courses

Successful completion of this major can be counted towards meeting the requirements for the following single degrees:

  • 4415 Bachelor of Business Science
  • 4418 Bachelor of Business Science

Students in other single bachelor’s degrees may be eligible to complete the major by using 48 points of their free electives.

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