Overview
Measuring and interpreting macroeconomic data; consumption and investment decisions; analysis of the real exchange rate and trade balance; assets price movements; different international monetary systems; the economic benefits and costs of optimum currency areas; IS-LM mode; AD-AS model; how policy-makers in South Africa and the broader African continent try to … For more content click the Read More button below.
Offerings
S1-01-SAFRICA-ON-CAMPUS
Requisites
Prohibition
Prerequisite
Contacts
Chief Examiner(s)
Dr Tendeukayi Mugadza
Learning outcomes
On successful completion of this unit, you should be able to:
1.
demonstrate the impact of monetary and government policies on an open economy using the IS-LM model and AD-AS model
2.
explain the policy consequences of consumption and investment decisions
3.
explain how policies affect the trade balance and income
4.
analyse policy responses to assets price movements
5.
evaluate the economic benefits and costs of optimum currency areas.
Assessment summary
Within semester assessment: 40% + Examination: 60%
This unit contains a hurdle requirement that you must achieve to be able to pass the unit. The consequence of not achieving a hurdle requirement is a fail grade (NH) and a maximum mark of 45 for the unit.
Workload requirements
Workload