Economics 110: This module deals with the core principles of economics. A distinction between macroeconomics and microeconomics is made. A discussion of the market system and circular flow of goods, services and money is followed by a section dealing with microeconomic principles, including demand and supply analysis, consumer behaviour and utility maximisation, production and the costs thereof, and the different market models and firm behaviour. Labour market institutions and issues, wage determination, as well as income inequality and poverty are also addressed. A section of money, banking, interest rates and monetary policy concludes the course. 
 
This module is assessed through both multiple choice and application-based questions. It is quite difficult and requires thoughtful studying and in-depth knowledge of all necessary theory as well as practice and understanding the application of theory. Go through past papers and additional resources to understand how to answer and format questions.
 
Semester test 1: Chapters 1-4 (Multiple choice test)
Semester test 2: Chapters 1-6 (written)
Exam: All work covered