Elements of Economics
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Elements of Economics

This course will introduce the student to the fundamentals of economic concepts. At the end of the course, the student will be expected to demonstrate clear understanding of basic concepts and the rationale behind economic decisions and choices faced by economic agents. It will also help students to “think like an economist”- that is, to be able to ask and answer questions about how the world works or the effects of policies using basic economic principles.

In the introduction, the course will answer the question: “What is Economics?” And in the subsequent lectures, the course will address:

  • The Supply and Demand model
  • The Consumer Behaviour model
  • The theory of production
  • Theory of Markets
  • National Income
  • Unemployment and Employment
  • Money and Banking
  • The role of Government
  • The International trade
  • The Economics of development; and
  • The technology and Economic growth
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