Economics

Course summary

The Areas of study during year one of the course are as follows: -The economic problem -Aggregate demand -Aggregate supply -Price determination in a competitive market -production costs -Revenue -Profit -Types of markets -The market mechanism -Market failure -Government failure -The circular flow of income -Measuring macroeconomic performance -Macroeconomic policy -Perfect competition -Monopoly -The Labour market -The distribution of income & wealth, -poverty -inequality -Financial markets -supply-side policies and the -International economy