COURSEOUTLI
NEFORECO1641/
1241:
2020
ECO1641BASI
CMACRO-
ECONOMI
CS LECTURERSFORECO1641/
1241
UNI
VERSI
TYOFVENDA
T.
MUNZHELELE
I
NSTRUCTORS DrM.
A.Dagume
DEPARTMENTOFECONOMI
CS
OFFI
CE A1:NEW MOBILE OFFICE COMPLEX,OPPOSI
TE UNI
VERSI
TY CLI
NIC AND OFFI
CE 08
ECONOMICSBUI
LDI
NG,
OPPOSI TELAW SCHOOL.
1.Pur
pose
Thepurposeofthi
smodulei
sforst
udent
stogainabasi
cknowledge,i
nsi
ghtandskil
lsfort
heanal
ysis
andsolut
ionofel
ement
arypr
obl
emsrel
ati
ngtosomeofthegener
alunder
lyi
ngpri
nci
plesofbasi
cmacro-
economics.
2.Lear
ningout
comes
Oncey
ouhav
est
udi
edt
hismodul
eyoushoul
dbeabl
eto:
Expl
ainwhatmacr
o-economi
cal
li
sabout
Demonst
rat
eyourunder
standi
ngoft
heobj
ect
ivesofmacr
o-economi
cs
Concept
uali
zeandappl
ythemai neconomicprobl
em i
ndi
ff
erenteconomi
csy
stemsandusea
di
agram t
oexpl
ainhowtheeconomyfunct
ions
Concept
ual
i
zeandanal
yzet
heper
for
manceoft
heeconomy
.
Cal
cul
ateandev
aluat
ethenat
ional
income,
inf
lat
ion,
unempl
oyment
,andeconomi
cgr
owt
h
Expl
aindi
ff
erentf
ormsofmoney
.
Themodul eEco1641/ 1241isasemest ermodule.Itismadeupof12st udyuni
tsorchapters.Dur i
ng
l
ectur
e,thedi r
ect
ionofthecoursecontentwi l
lbegi v
en,andr el
evantpri
ncipl
eswillbeanaly
zedwi t
hout
muchf eedbackfrom st
udents.Wet her
ef or
erecommendt hatyoudrawupast ri
ctstudyti
metable(and
keepupt oit)inwhichyoumaket imef orworkingthroughthestudyunits,completi
ngtheassignments
andpreparati
onforexaminat
ions.I
tisveryimportantthaty
ouat t
endclassesandtutori
als.
, 3.Assessmentmet
hod
Summat
iveassessment
:Semest
erexami
nat
ion
For
mat
iveassessment
:Twot
est
s50mar
ksx2=100
Oneassi
gnment50mar
ks
St
udent
smustobt
ain50mar
kst
opasst
estandassi
gnment
4.Pr
escr
ibedt
ext
book
Theprescri
bedt extbookforthi
smodulei
sMohr,Pandassociat
es2015.Economi
csf
orSout
hAf
ri
can
st
udents(5thedi
tion),av
ail
abl
einanyv
anSchai
kbookshopnat
ionwide.
Recommendedt
ext
bookf
ort
hismodul
e:
1.Par
kin,
M etal
2013.Gl
obal
andSout
her
nAf
ri
canPer
spect
iv cs2ndedi
esEconomi ti
on.
2.McConnel
andBr
ue.Anyedi
ti
on.I
ntr
oduct
iont
oEconomi
cs.Shel
fno330i
ntheLi
brar
y.
3.Manki
w.Anyedi
ti
on.I
ntr
oduct
iont
oEconomi
cs.
Forr
efer
encesy
oucanuseanyMacr
o-economi
ctext
book.
5.Yourmodul
econsi
stsoft
hef
oll
owi
ngst
udyuni
ts.
Chapt
er13.MEASURI
NGTHEPERFOMANCEOFTHEECONOMY
Macr
o-economi
cobj
ect
ives?
Measur
ingt
hel
evel
ofeconomi
cact
ivi
ty:
GDP.
Ot
hermeasur
esofpr
oduct
ion,
incomeandexpendi
tur
e
Measur
ingempl
oymentandunempl
oyment
Measur
ingpr
ices,
theconsumerpr
icei
ndex
Measur
ingt
hel
i
nkswi
tht
her
estoft
hewor
ld:
thebal
anceofpay
ment
Measur
ingi
nequal
i
ty:
thedi
str
ibut
ionofi
ncome.
Chapt
er14.MONETARYSECTOR
Thef
unct
ionsofmoney
Di
ff
erentki
ndsofmoney
Moneyi
nSout
hAf
ri
ca
Fi
nanci
ali
nter
medi
ari
es
TheSout
hAf
ri
canReser
veBank
Thedemandf
ormoney
Thest
ockofmoney
:howi
smoneycr
eat
ed?
Monet
arypol
i
cy
NEFORECO1641/
1241:
2020
ECO1641BASI
CMACRO-
ECONOMI
CS LECTURERSFORECO1641/
1241
UNI
VERSI
TYOFVENDA
T.
MUNZHELELE
I
NSTRUCTORS DrM.
A.Dagume
DEPARTMENTOFECONOMI
CS
OFFI
CE A1:NEW MOBILE OFFICE COMPLEX,OPPOSI
TE UNI
VERSI
TY CLI
NIC AND OFFI
CE 08
ECONOMICSBUI
LDI
NG,
OPPOSI TELAW SCHOOL.
1.Pur
pose
Thepurposeofthi
smodulei
sforst
udent
stogainabasi
cknowledge,i
nsi
ghtandskil
lsfort
heanal
ysis
andsolut
ionofel
ement
arypr
obl
emsrel
ati
ngtosomeofthegener
alunder
lyi
ngpri
nci
plesofbasi
cmacro-
economics.
2.Lear
ningout
comes
Oncey
ouhav
est
udi
edt
hismodul
eyoushoul
dbeabl
eto:
Expl
ainwhatmacr
o-economi
cal
li
sabout
Demonst
rat
eyourunder
standi
ngoft
heobj
ect
ivesofmacr
o-economi
cs
Concept
uali
zeandappl
ythemai neconomicprobl
em i
ndi
ff
erenteconomi
csy
stemsandusea
di
agram t
oexpl
ainhowtheeconomyfunct
ions
Concept
ual
i
zeandanal
yzet
heper
for
manceoft
heeconomy
.
Cal
cul
ateandev
aluat
ethenat
ional
income,
inf
lat
ion,
unempl
oyment
,andeconomi
cgr
owt
h
Expl
aindi
ff
erentf
ormsofmoney
.
Themodul eEco1641/ 1241isasemest ermodule.Itismadeupof12st udyuni
tsorchapters.Dur i
ng
l
ectur
e,thedi r
ect
ionofthecoursecontentwi l
lbegi v
en,andr el
evantpri
ncipl
eswillbeanaly
zedwi t
hout
muchf eedbackfrom st
udents.Wet her
ef or
erecommendt hatyoudrawupast ri
ctstudyti
metable(and
keepupt oit)inwhichyoumaket imef orworkingthroughthestudyunits,completi
ngtheassignments
andpreparati
onforexaminat
ions.I
tisveryimportantthaty
ouat t
endclassesandtutori
als.
, 3.Assessmentmet
hod
Summat
iveassessment
:Semest
erexami
nat
ion
For
mat
iveassessment
:Twot
est
s50mar
ksx2=100
Oneassi
gnment50mar
ks
St
udent
smustobt
ain50mar
kst
opasst
estandassi
gnment
4.Pr
escr
ibedt
ext
book
Theprescri
bedt extbookforthi
smodulei
sMohr,Pandassociat
es2015.Economi
csf
orSout
hAf
ri
can
st
udents(5thedi
tion),av
ail
abl
einanyv
anSchai
kbookshopnat
ionwide.
Recommendedt
ext
bookf
ort
hismodul
e:
1.Par
kin,
M etal
2013.Gl
obal
andSout
her
nAf
ri
canPer
spect
iv cs2ndedi
esEconomi ti
on.
2.McConnel
andBr
ue.Anyedi
ti
on.I
ntr
oduct
iont
oEconomi
cs.Shel
fno330i
ntheLi
brar
y.
3.Manki
w.Anyedi
ti
on.I
ntr
oduct
iont
oEconomi
cs.
Forr
efer
encesy
oucanuseanyMacr
o-economi
ctext
book.
5.Yourmodul
econsi
stsoft
hef
oll
owi
ngst
udyuni
ts.
Chapt
er13.MEASURI
NGTHEPERFOMANCEOFTHEECONOMY
Macr
o-economi
cobj
ect
ives?
Measur
ingt
hel
evel
ofeconomi
cact
ivi
ty:
GDP.
Ot
hermeasur
esofpr
oduct
ion,
incomeandexpendi
tur
e
Measur
ingempl
oymentandunempl
oyment
Measur
ingpr
ices,
theconsumerpr
icei
ndex
Measur
ingt
hel
i
nkswi
tht
her
estoft
hewor
ld:
thebal
anceofpay
ment
Measur
ingi
nequal
i
ty:
thedi
str
ibut
ionofi
ncome.
Chapt
er14.MONETARYSECTOR
Thef
unct
ionsofmoney
Di
ff
erentki
ndsofmoney
Moneyi
nSout
hAf
ri
ca
Fi
nanci
ali
nter
medi
ari
es
TheSout
hAf
ri
canReser
veBank
Thedemandf
ormoney
Thest
ockofmoney
:howi
smoneycr
eat
ed?
Monet
arypol
i
cy
