Economics

Course summary

Component 1 Includes: The economic problem, division of labor, demand and supply, elasticity, taxes and subsidies, externalities and market failure. Component 2 Includes: Government objectives, consumption, investment, balance of payments, fiscal and monetary policy, causes of growth, supply side policies. Component 3 Includes: Business objectives, costs/revenue/profit, market structures, competition policy, wage determination, government intervention. Component 4 Includes: Globalization, financial markets, international competitiveness, exchange rates, measures of development, poverty, strategies to improve development.