Economics for South African Students

Description:

Master the principles of the economy with the most trusted textbook in the country. Economics for South African Students is the definitive guide to understanding both microeconomic and macroeconomic theory within our local context. Whether you are grappling with supply and demand or the complexities of the national budget, this book makes it “easy” to grasp.

Why This Textbook is a Best-Seller:

• SA-Specific Content: Unlike international textbooks, this book explains economic theory using South African examples, data, and policy issues (like the SARB’s inflation targeting or local unemployment).

• Comprehensive Foundation: Covers the entire first-year syllabus, from the circular flow of income to international trade and monetary policy.

• Student-Friendly Layout: Features clear diagrams, highlighted definitions, and summaries at the end of each chapter to help with exam revision.

• Prescribed Resource: Used as the primary text for ECS1501, ECS1601, and many other foundational modules across major universities.

Key Topics Covered:

• The basic economic problem (Scarcity and Choice).

• Supply, Demand, and Price Elasticity.

• Market Structures: Perfect Competition vs. Monopoly.

• National Income Determination and the Multiplier.

• Inflation, Unemployment, and Economic Growth.

Key Specifications:

• ISBN-13: 9780627027123

• Authors: Philip Mohr, Louis Fourie, and associates

• Publisher: Van Schaik Publishers

• Edition: 5th Edition

• Format: Physical Paperback