Principles of Economics
The nature of the economic problem and the mechanism through which solutions to them may be achieved. The nature of economic resources and their returns. The economic system and the framework of social institutions within which it operates.
The nature of the price mechanism, demand, supply and their determinants, indifference curve analysis, the nature of economic equilibrium.
Concepts of income and price elasticity and utility theory.
Summary to Exam Hall - Economics.
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