ECS1501/101/3/2018
Tutorial Letter 101/3/2018
Economics 1A
ECS 1501
Semesters 1 and 2
Department of Economics
This tutorial letter contains important information
about your module.
BARCODE
, CONTENTS
Page
1 INTRODUCTION.............................................................................................. 3
2 PURPOSE AND OUTCOMES .............................................................................. 3
2.1 Purpose .. ........................................................................................................ 3
2.2 Outcomes ........................................................................................................ 3
3 LECTURER AND CONTACT DETAILS ................................................................. 3
3.1 Lecturer and Department ................................................................................... 3
3.2 University ........................................................................................................ 4
4 RESOURCES .................................................................................................... 4
4.1 Prescribed textbook ........................................................................................... 4
4.2 Study guide and tutorial letters ........................................................................... 4
4.3 myUnisa.. ........................................................................................................ 5
4.4 E-tutors .. ........................................................................................................ 5
4.5 Face-to-face tutors ............................................................................................ 6
5 STUDY PLAN ................................................................................................... 6
5.1 First semester ................................................................................................... 7
5.2 Second semester............................................................................................... 8
6 ASSESSMENT .................................................................................................. 8
6.1 Assignments ..................................................................................................... 8
6.1.1 Due dates for assignments ............................................................................... 9
6.1.2 Submitting assignments ................................................................................... 9
6.1.3 Assignment marks ..........................................................................................10
6.2 Examinations ...................................................................................................11
6.2.1 Examination admission ...................................................................................11
6.2.2 Examination paper format ...............................................................................11
6.2.3 Examination script reviews or re-marks .............................................................11
6.2.4 Marks ... .......................................................................................................11
7 CONCLUSION ................................................................................................ 12
8 ASSIGNMENTS.............................................................................................. 13
8.1 FIRST SEMESTER ASSIGNMENTS .......................................................................13
8.2 SECOND SEMESTER ASSIGNMENTS ....................................................................36
2
, ECS1501/101
1 INTRODUCTION
Welcome to Economics 1A, an introduction to Microeconomics. We hope that you will find
this module interesting and rewarding. We will do our best to make your study of this
module successful. You will be well on your way to success if you start studying early in the
semester and keep on working throughout the semester.
2 PURPOSE AND OUTCOMES
2.1 Purpose
When you are credited with this module, you will have a basic knowledge of microeconomic
theory and you will be able to apply, analyse and interpret basic microeconomic concepts
and principles. The purpose of this module is to gain insight into the solving of basic
economic problems in different economic systems and to understand how households and
firms take decisions and prices are determined.
2.2 Outcomes
The main outcomes of this module are the following:
You must be able to
• conceptualise and apply the main economic problem in different economic systems
and use a diagram to explain how the economy functions
• explain and conceptualise the interaction between consumers and producers in a
perfectly competitive goods market
• conceptualise, apply, calculate and evaluate the price decisions of firms under perfect
market conditions in both the short and the long run
• conceptualise the factors that influence the labour market
More detailed module outcomes and assessment criteria can be found in each learning unit.
3 LECTURER AND CONTACT DETAILS
3.1 Lecturer and Department
Direct all academic enquiries about the content of this module (i.e. not administrative
queries) to us. Ensure that you have your study material and student number with you
when you contact us. You can use the following e-mail addresses to contact the
department:
• First Semester
• Second Semester
You may also contact the administrative coordinator at the Department of Economics, Mrs
Mpho Mudau, at 012 433 4686.
3
, 3.2 University
If you need to contact the University about matters not related to the content of this
module, consult the brochure my Studies @ Unisa, which you have received with your
study material. This brochure contains information on how to contact the University (e.g.
who to write to for different queries, important telephone numbers, addresses, and details
of the times certain facilities are open). Below you will find some important e-mail
addresses for the departments that you might need to contact.
You can also send you enquiry directly to the following addresses:
• , for assignments queries
• , for study material queries
• , for queries on the examination
• , for account queries
• , for application and registration queries
• , for assistance with myLife e-mail accounts
• , for assistance with myUnisa
4 RESOURCES
4.1 Prescribed textbook
Your prescribed textbook for this module year is
Mohr, P & associates. 2015. Economics for South African
students. 5th edition. Pretoria: Van Schaik.
You can obtain the prescribed book from the official booksellers of
the University. Refer to the list of official booksellers and their
addresses, which are listed in the my Studies @ Unisa brochure. If
you have difficulty locating your book at these booksellers, contact
the Prescribed Book Section at 012 429 4152 or send an e-mail
to
Those of you have a copy of the 4th edition of the prescribed textbook may use it. However,
all study material in this module are based on the 5th edition. Thus, if you see a page
reference in the study material, it will refer to the 5th edition of the prescribed textbook.
4.2 Study guide and tutorial letters
The study guide covers all the academic content of the module, refers you to the
prescribed textbook and gives some additional explanations. It is not necessary to study
any work other than that specified in the study guide document.
It is imperative for your own success to read all the tutorial letters immediately.
4
Tutorial Letter 101/3/2018
Economics 1A
ECS 1501
Semesters 1 and 2
Department of Economics
This tutorial letter contains important information
about your module.
BARCODE
, CONTENTS
Page
1 INTRODUCTION.............................................................................................. 3
2 PURPOSE AND OUTCOMES .............................................................................. 3
2.1 Purpose .. ........................................................................................................ 3
2.2 Outcomes ........................................................................................................ 3
3 LECTURER AND CONTACT DETAILS ................................................................. 3
3.1 Lecturer and Department ................................................................................... 3
3.2 University ........................................................................................................ 4
4 RESOURCES .................................................................................................... 4
4.1 Prescribed textbook ........................................................................................... 4
4.2 Study guide and tutorial letters ........................................................................... 4
4.3 myUnisa.. ........................................................................................................ 5
4.4 E-tutors .. ........................................................................................................ 5
4.5 Face-to-face tutors ............................................................................................ 6
5 STUDY PLAN ................................................................................................... 6
5.1 First semester ................................................................................................... 7
5.2 Second semester............................................................................................... 8
6 ASSESSMENT .................................................................................................. 8
6.1 Assignments ..................................................................................................... 8
6.1.1 Due dates for assignments ............................................................................... 9
6.1.2 Submitting assignments ................................................................................... 9
6.1.3 Assignment marks ..........................................................................................10
6.2 Examinations ...................................................................................................11
6.2.1 Examination admission ...................................................................................11
6.2.2 Examination paper format ...............................................................................11
6.2.3 Examination script reviews or re-marks .............................................................11
6.2.4 Marks ... .......................................................................................................11
7 CONCLUSION ................................................................................................ 12
8 ASSIGNMENTS.............................................................................................. 13
8.1 FIRST SEMESTER ASSIGNMENTS .......................................................................13
8.2 SECOND SEMESTER ASSIGNMENTS ....................................................................36
2
, ECS1501/101
1 INTRODUCTION
Welcome to Economics 1A, an introduction to Microeconomics. We hope that you will find
this module interesting and rewarding. We will do our best to make your study of this
module successful. You will be well on your way to success if you start studying early in the
semester and keep on working throughout the semester.
2 PURPOSE AND OUTCOMES
2.1 Purpose
When you are credited with this module, you will have a basic knowledge of microeconomic
theory and you will be able to apply, analyse and interpret basic microeconomic concepts
and principles. The purpose of this module is to gain insight into the solving of basic
economic problems in different economic systems and to understand how households and
firms take decisions and prices are determined.
2.2 Outcomes
The main outcomes of this module are the following:
You must be able to
• conceptualise and apply the main economic problem in different economic systems
and use a diagram to explain how the economy functions
• explain and conceptualise the interaction between consumers and producers in a
perfectly competitive goods market
• conceptualise, apply, calculate and evaluate the price decisions of firms under perfect
market conditions in both the short and the long run
• conceptualise the factors that influence the labour market
More detailed module outcomes and assessment criteria can be found in each learning unit.
3 LECTURER AND CONTACT DETAILS
3.1 Lecturer and Department
Direct all academic enquiries about the content of this module (i.e. not administrative
queries) to us. Ensure that you have your study material and student number with you
when you contact us. You can use the following e-mail addresses to contact the
department:
• First Semester
• Second Semester
You may also contact the administrative coordinator at the Department of Economics, Mrs
Mpho Mudau, at 012 433 4686.
3
, 3.2 University
If you need to contact the University about matters not related to the content of this
module, consult the brochure my Studies @ Unisa, which you have received with your
study material. This brochure contains information on how to contact the University (e.g.
who to write to for different queries, important telephone numbers, addresses, and details
of the times certain facilities are open). Below you will find some important e-mail
addresses for the departments that you might need to contact.
You can also send you enquiry directly to the following addresses:
• , for assignments queries
• , for study material queries
• , for queries on the examination
• , for account queries
• , for application and registration queries
• , for assistance with myLife e-mail accounts
• , for assistance with myUnisa
4 RESOURCES
4.1 Prescribed textbook
Your prescribed textbook for this module year is
Mohr, P & associates. 2015. Economics for South African
students. 5th edition. Pretoria: Van Schaik.
You can obtain the prescribed book from the official booksellers of
the University. Refer to the list of official booksellers and their
addresses, which are listed in the my Studies @ Unisa brochure. If
you have difficulty locating your book at these booksellers, contact
the Prescribed Book Section at 012 429 4152 or send an e-mail
to
Those of you have a copy of the 4th edition of the prescribed textbook may use it. However,
all study material in this module are based on the 5th edition. Thus, if you see a page
reference in the study material, it will refer to the 5th edition of the prescribed textbook.
4.2 Study guide and tutorial letters
The study guide covers all the academic content of the module, refers you to the
prescribed textbook and gives some additional explanations. It is not necessary to study
any work other than that specified in the study guide document.
It is imperative for your own success to read all the tutorial letters immediately.
4
