Economic Environment introduces students to the world of macro and micro-economics. Students are made aware of the workings of the South African economic system and the basics of international trade. By defining important concepts such as scarcity, choice, supply and demand, students develop an understanding of the world as set of interrelated systems.
Economic Environment develops students’ skills of analysing, organising and critically evaluating information when they must assess the dynamics at play in the South African economy and business environment. In this subject, the role of government in the South African economy is identified and explained, which will encourage students to be active citizens of our country and to contribute to the prosperity of the country.