|1.||Discuss the basic fundamental problem of scarcity facing modern societies;|
|2.||Demonstrate the developing use of the market dynamics model in economic reasoning and problem solving;|
|3.||Analyse key forces that influence economic decision making for sustainable use of resources;|
|4.||Evaluate key economic indicators relevant to business, household and government for sustainable development; and|
|5.||Apply and explain elementary economic theories and techniques in business decision making and government policy, incorporating social, cultural and environmental objectives.|
Students studying under the VU Block Model.
|Test||In-class multiple choice and short answer questions (x2 progressive assessments) 15% and 10% respectively||25%|
|Assignment||Analytical Economics Assignment (x2 progressive assessments) 25% each||50%|
|Test||End of Block Test – (paper based)||25%|
|Assignment||Analytical Assignment (1000 words)||25%|
|Test||Class Test (500 words)||15%|
|Test||Class Test (500 words)||10%|
|Examination||Final Exam (1500 words)||50%|
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