This module builds on the principles of economics concepts taught in first year. The module is composed of two parts. The first part focuses on Microeconomics and includes: The economic models of the behaviour of consumers and firms and the interaction between the two are extended using more rigorous approach. Students are also introduced to models of market imperfections. The second part focuses on Macroeconomics and aims to develop students’ economic intuition, and increase their understanding of macroeconomics. Rwanda context is incorporated where applicable and possible.
Â
The module introduces students to the basic techniques of formal (statistical) demographic analysis. All demographic sub-fields will be covered at a basic level: marriage, fertility, mortality, population growth, migration, as well as techniques and purpose of standardization and evaluation of data.
The module also aims at familiarizing students to theories of the interrelationship between population, resources and development as well as to the complexities of interdisciplinary nature of population and economic development, and to population policies.
This module:
- Gives an introduction to mathematical techniques
- Provides a basis in life insurance mathematics
- Gives a grounding in the mathematical techniques that are of particular relevance to
actuarial work in non-life insurance.