GNEC115X | myNGI

Course category: Bachelor of Commerce - Common Modules

Economics 1A (GNEC115X)

Course summary

Course overview

Welcome to Economics 1A

Announcements
2026 myNGI Check-in Survey
RISE: Post Assessment Check-in survey 2026 Semester 1
RISE: All Formative Assessments Check-in survey 2026 Semester 1
RISE: All module survey
RISE: Semester 1 All module survey

General Information

Module Guide

Assessment Section

July Supplementary Exam_submission
Test submission_Assessment week 2
Test submission_Assessment week 1
Assignment to be submitted on 28 April
Past Papers

Learning Unit 1: General Principles and Concepts of Economics - What is Economics

Learning Unit 1: Glossary of Terms
Wat Economics is all about?

Topic 1.1: What is Economics

GNEC115X Presentation
Learning Unit 1_Presentation Slide
Prescribed Reading, page 1 to page 4
Learning Unit 1- All Topics
Topic 1.1 Discussion - Economics
Topic 1.1 Speech
Topic 1.1 Closing the loop

Topic 1.2: Scarcity, choice and opportunity cost

Read Prescribed Reading, page 4 to page 7
Topic 1.2 Discussion - Scarcity, Choice and Opportunity Cost
Topic 1.2 Essay
Topic 1.2 Closing the loop

Topic 1.3: Illustrating scarcity, choice and opportunity cost: the Production Possibilities Curve

Read Prescribed Reading, page 6-8; 11.
Topic 1.3 Discussion - Comparison
Topic 1.3 Assignment - PPC
Topic 1.3 Closing the loop

Topic 1.4: Economics is a social science

Read page 12 to 13 of the prescribed textbook.
Topic 1.4 Discussion - Comparison
Topic 1.4 Self-evaluation questions
Topic 1.4 Closing the loop

Topic 1.5: Micro and Macroeconomics

Prescribed Reading, page 11.
Topic 1.5 Discussion - Comparison
Topic 1.5 Self-evaluation questions
Topic 1.5 Closing the loop

Topic 1.6: Positive and normative economics

Prescribed Reading, page 12.
Topic 1.6 Discussion - Comparison
Topic 1.6 Self-evaluation questions
Topic 1.6 Closing the loop

Learning Unit 2: Economic systems

Learning Unit 2: Glossary of Terms
GNEC115X_LU2
GNEC115X_LU_2
Learning Unit 2 - All Topics

Topic 2.1: The Traditional System

Topic 2.1 Self-evaluation questions
Topic 2.1 Closing the loop

Topic 2.2: The Market System

Topic 2.2 Self-evaluation questions
Topic 2.2 Closing the loop

Topic 2.3: The Command System

Topic 2.3 Self-evaluation questions
Topic 2.3 Closing the loop

Topic 2.4: The Mixed economy

Topic 2.4 Self-evaluation questions
Topic 2.4 Closing the loop

Topic 2.5: South Africa’s mixed economy

Topic 2.5 Self-evaluation questions
Topic 2.5 Closing the loop

Learning Unit 3: Overview

Learning Unit 3: Glossary of Terms
Learning Unit 3-All Topics
Topic 3.1 to 3.6
GNECX LU3_Part 1
GNEC115X_LU3 Part B (Demand and Supply in Action)
GNEC115_ LU3_ Demand and Supply
Demand Supply and Prices
Learning Unit 30Supply and Demand in Action
Demand , Supply and Prices

Topic 3.1 Self-evaluation questions
Topic 3.1 Closing the loop

Topic 3.2 Self-evaluation questions
Topic 3.2 Closing the loop

Topic 7 Online Class Recording part 1
Topic 7 Online Class Recording part 2
Topic 3.3 Self-evaluation questions
Topic 3.3 Closing the loop

Learning Unit 4: Overview

Learning Unit 4: Glossary of Terms
Elasticity

Topic 4.1 Self-evaluation questions
Topic 4.1 Closing the loop

Topic 4.2 Self-evaluation questions
Topic 4.2 Closing the loop

Topic 4.3 Self-evaluation questions
Topic 4.3 Closing the loop

Learning Unit 5: Overview

Learning Unit 5: Glossary of Terms
Learning Unit 5
Learning Unit 5 part B
Learning Unit 5_Topic 1-3
Learning Unit 5_Topic 4-6

Topic 5.1 Self-evaluation questions
Topic 5.1 Closing the loop

Topic 5.2 Self-evaluation questions
Topic 5.2 Closing the loop

Topic 5.3 Self-evaluation questions
Topic 5.3 Closing the loop

Learning Unit 6: Overview

Learning Unit 6: Glossary of Terms
Market Structures
Market Structure 1: Perfect Competition
Market Structure 2: Imperfect Competition

Topic 6.1 Self-evaluation questions
Topic 6.1 Closing the loop

Topic 6.2 Self-evaluation questions
Topic 6.2 Closing the loop

Topic 6.3 Self-evaluation questions
Topic 6.3 Closing the loop

Learning Unit 7: Overview

Learning Unit 7: Glossary of Terms

Topic 7.1 Self-evaluation questions
Topic 7.1 Closing the loop

Topic 7.2 Self-evaluation questions
Topic 7.2 Closing the loop

Topic 7.3 Self-evaluation questions
Topic 7.3 Closing the loop

Learning Unit 8: Overview

Learning Unit 8: Glossary of Terms

Topic 8.1 Self-evaluation questions
Topic 8.1 Closing the loop

Topic 8.2 Self-evaluation questions
Topic 8.2 Closing the loop

Topic 8.3 Self-evaluation questions
Topic 8.3 Closing the loop

Side Block Position

Information

Opens: 12/11/25
Closes: 12/11/26

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Economics 1A (GNEC115X)

Economics 1A (GNEC115X)

Bachelor of Commerce - Common Modules

Module Lead Lecturer: Thipe Mesolo

Lecturer: Shadeon Hansen, Cecily Moyo, Siphosethu Lwazi Ndlela, Wilma Opperman, Barend Smit

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