Module credits16.00PrerequisitesWTW 114Contact time4 lectures per week, 1 tutorial per weekLanguage of tuitionBoth Afr and EngAcademic organisationMathematics and Applied MathsPeriod of presentationSemester 2Elective modulesEconomics 113 (EKN 113)Module content:Introduction to economics and principles of microeconomicsThe scope of economics; the basic theory of demand and supply; price, income and cross elasticity of demand;consumer utility, the utility function and case studies in terms of the utility function; the theory of the firm in theshort and long run; market structures, namely the perfect market, monopoly, oligopoly and monopolisticcompetition; public sector finances; microeconomics versus macroeconomics and economic statistics.Module credits15.00Service modulesFaculty of Natural and Agricultural SciencesPrerequisitesReg. 1.2 (e)
University of Pretoria Yearbook 2016 | | 22:15:39 22/03/2018 | Page 10 of 41Contact time3 lectures per weekLanguage of tuitionBoth Afr and EngAcademic organisationEconomicsPeriod of presentationSemester 1Economics 123 (EKN 123)Module content:National income and principles of macroeconomicsThe mechanics of national income accounts, the Keynesian macroeconomic model, the money market, demandfor money and money supply, money and credit creation and the role of the monetary authorities. The IS-LMmodel of macroeconomic equilibrium and monetary and fiscal policy applications. The aggregate demand andsupply models with the debate between the classical school, the monetarists and the Keynesian school. Theproblems of inflation and unemployment. Macroeconomic issues, namely macroeconomic policy, internationaltrade, the balance of payments and economic growth.Module credits15.00Service modulesFaculty of Natural and Agricultural SciencesPrerequisitesReg. 1.2 (e); EKN 113 GSContact time3 lectures per weekLanguage of tuitionBoth Afr and EngAcademic organisationEconomicsPeriod of presentationSemester 2Financial management 110 (FBS 110)Module content:*Only for BSc (Mathematical Statistics. Construction Management, Real Estate and Quantity Surveying) and BEng(Industrial Engineering) students.Purpose and functioning of financial management. Basic financial management concepts. Accounting conceptsand the use of the basic accounting equation to describe the financial position of a business. Recording offinancial transactions. Relationship between cash and accounting profit. Internal control and the management ofcash. Debtors and short-term investments. Stock valuation models. Depreciation. Financial statements of abusiness. Distinguishing characteristics of the different forms of businesses. Overview of financial markets andthe role of financial institutions. Risk and return characteristics of various financial instruments. Issuing ordinaryshares and debt instruments.