Economics is the study of how individuals, businesses, governments and other organisations within our society choose to use scarce resources to satisfy their numerous needs and wants in a manner that is efficient, equitable and sustainable. It is a study of people's behaviour to manage and use resources to meet human needs. The curriculum includes the following topics:

• Macroeconomics: Economics: basic concepts, basic economic problem, circular flow, quantitative elements, economic systems, business cycles.

• Microeconomics: Dynamics of markets, public sector intervention and composition of the RSA economy.

• Economic pursuits: Economic growth and development, money and banking, population and labour force, labour market, redress since 1994.

• Contemporary economic issues: Unemployment, labour relations, globalisation, inflation, tourism, poverty, other economic issues and quantitative elements of economics.

​

Application

Economics is a valuable subject as it provides learners with a broad understanding of businesses, market flow, opportunities, and threats while developing analytical and problem-solving skills that are useful in multiple professions. Pursuing further studies in economics opens doors to diverse career opportunities, such as economist, business manager, marketing consultant, financial consultant, auditor, stockbroker, insurer, retail merchandiser, pricing analyst, statistician, financial consultant, salesperson etc..

​

         Back to subjects