ECS1101 Introductory microeconomics
Faculty of Business and Economics
ECS1101 Introductory microeconomics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at South Africa. It has no prerequisites and unlocks 29 units, leading on to 81 units in all.
- Credit points
- 6
- Offered in 2020
- Semester 1, Semester 2
- South Africa
- Assessment
- Exam 60%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2021 entry.
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Requisites
Before ECS1101
Prohibitions
You can't enrol if you have passed any of these.
After ECS1101
29 units list ECS1101 as a prerequisite or corequisite.
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- BFB2140Corporate finance 1No reviews yet
- BFW2140Corporate finance 1No reviews yet
- ECB2141Economics of labour marketsNo reviews yet
- ECB2731Managerial economicsNo reviews yet
- ECB3143Economics of money and bankingNo reviews yet
- ECC2000Intermediate microeconomicsNo reviews yet
- ECC2010Intermediate macroeconomicsNo reviews yet
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- ECC2300Current issues in macroeconomic policyNo reviews yet
- ECC2360Environmental economicsNo reviews yet
- ECC2400Current issues in applied microeconomicsNo reviews yet
- ECC2450Sports economicsNo reviews yet
- ECC2511Economic growth: Causes and consequencesNo reviews yet
- ECC2600Behavioural economicsNo reviews yet
- ECC2610Game theory and strategic thinkingNo reviews yet
- ECC2840Australian economic institutions and policyNo reviews yet
- ECC3600Experimental economicsNo reviews yet
- ECC3640Economics of climate changeNo reviews yet
- ECF2721Trade finance and foreign exchangeNo reviews yet
- ECF3143Economics of money and bankingNo reviews yet
- ECM2360Environmental and natural resource economicsNo reviews yet
- ECM3670Development economicsNo reviews yet
- ECS2141Economics of labour marketsNo reviews yet
- ECS2731Intermediate microeconomicsNo reviews yet
- ECS3143Economics of money and bankingNo reviews yet
- ECW2141Economics of labour marketsNo reviews yet
- ECW2721Trade finance and foreign exchangeNo reviews yet
- ECW2731Managerial economicsNo reviews yet
- ECW3143Economics of money and bankingNo reviews yet
Equivalent units
The same content under another code. Only one of them counts.
Overview
An introduction to the study of economics; consumer behaviour; demand and supply and the operation of markets; market efficiency and welfare; welfare effects of international trade; public sector economics; the behaviour of firms and the organisation of an industry; market structures - perfect competition and monopoly; economies of the labour market.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | South Africa | On campus |
| Second semester | South Africa | On campus |
Assessment
- Semester Test 120%
- Semester Test 220%
- Summative Exam60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the theoretical foundations of economics
- 2
understand generic skills essential for progression to upper level units by applying rigorous thinking and understanding to analytical geometric models
- 3
appreciate economics as an evolutionary science and its ability to address, in a microeconomic framework, the persistent social and economic problems confronted by society
- 4
demonstrate in individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in this unit.
Workload and teaching
- Lectures144 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Lecture and tutorials or problem classes
Three principles drive the teaching approaches in this unit:
Constructive Alignment: Learning is strategically aligned to achieve the learning outcomes, as demonstrated through the assessment. Through the weekly lessons you should see clear connections to the assessment program, and learning should be directly transferrable to the assessment program.
Scaffolding: Starting from lower level learning, new knowledge and skills are progressively introduced adding complexity and connections, and expecting higher-order learning. Within each lesson, and across the unit, building upon early activities, you should see your knowledge and skills demonstrate higher capabilities.
Team-Based Learning: Learning is social and interactive, and best achieved through purposefully designed activities that include these interactions. Through your personally developed and shared learning activities you should develop, analyse, connect, synthesise, interpret, evaluate, justify… more than you could on your own.
Learning resources
Required resources
Mankiw, N. Gregory, 'Principles of Microeconomics', 8th edition (2018); Cengage Learning.
Contacts
- Chief Examiners
- Dr Tendeukayi Mugadza
Common questions
What are the prerequisites for ECS1101?
ECS1101 has no prerequisites.
What can I take after ECS1101?
ECS1101 is a prerequisite or corequisite for 29 units, including BES3120, BFB2140, BFW2140, ECB2141, ECB2731 and ECB3143. Those lead on to 81 units in all.
When is ECS1101 offered?
In 2020, ECS1101 runs in Semester 1 and Semester 2 at South Africa.
How much work is ECS1101?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECS1101 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 2 other tasks.
More details
- Credit points
- 6
- Level
- 1
- Study level
- Undergraduate
- Faculty
- Faculty of Business and Economics
- Organisational unit
- Department of Economics
- Type
- Coursework
- EFTSL
- 0.125
- Student contribution
- SCA Band 3
- Study abroad
- Not available
- Handbook years
- 20202021