UnitLevel 1Undergraduate

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 2021 in Summer B at South Africa. It has no prerequisites and unlocks 13 units, leading on to 36 units in all.

Credit points: 6
Offered in 2021: Summer B; South Africa
Assessment: Exam 60%; and 2 other tasks
Workload: 144 hours; per semester

The 2027 handbook has no page for ECS1101. This is its 2021 entry, the latest one.

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Requisites

Before ECS1101

Prohibitions

You can't enrol if you have passed any of these.

One of

After ECS1101

13 units list ECS1101 as a prerequisite or corequisite.

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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 2021

Teaching period	Campus	Mode
Summer semester B	South Africa	Block on

Assessment

Semester Test 1
20%
Semester Test 2
20%
Final examinationThreshold hurdle
60%

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

Lectures24 hours
Tutorials12 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.

The unit will include lectures, tutorials, video and audio presentations on Moodle. The ECS1101 Moodle site will provide weekly information to students as well as access to the subject discussion board.

Learning resources

Required resources

Mankiw, N.G. (2018). Principles of Microeconomics, Cengage

Contacts

Chief Examiners: Ms Cynthia Bedwei-Majdoub

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 13 units, including BES3120, ECB2731, ECC2000, ECC2360, ECC2600 and ECC2610. Those lead on to 36 units in all.

When is ECS1101 offered?

In 2021, ECS1101 runs in Summer B 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 4
Study abroad: Not available
Handbook years: 20202021