Nature and Scope of Economics

May 8th, 2015
Studypool Tutor
Price: $10 USD

Tutor description

What is Economics? Issue in economics ï‚¢ Macroeconomics ï‚¢ Microeconomics Lecture 1 (c) Copyright MFA 11 Nature and Scope of Economics ï‚¢ All About Economics

Word Count: 376
Showing Page: 1/13
Nature and Scope of EconomicsHND Business ManagementBusiness EconomicsNATURE & SCOPE OFECONOMICSWhat is Economics?Issue in economics Macroeconomics MicroeconomicsLecture 1 (c) Copyright MFA 11Nature and Scope of Economics All About EconomicsWant and Desires Scarcity Economic Problems Opportunity Cost Production Possibility Curve(PPC)Shift of The PPC.29/21/2011Lecture 1 (c) Copyright MFA 11WHAT IS ECONOMICS?3Issues in EconomicsDemandCompetitivenessMicroeconomicsSupplyMacroeconomicsEconomic Growth & DevelopmentUnemploymentInflationMoney Supply4MICROECONOMICSMicroeconomics:deals with the economic problems of the individual, the firm, and the industry5MACROECONOMICSMacroeconomics:deals with the aggregates of economics - total production, total employment, and general price level6NATURE AND SCOPE OF ECONOMICSEconomics is important to the(a) Individual (b) Businessman (c) Government7 Economicsdeals with how scarce resources are allocated to maximize the unlimited wants that we want to fulfill.9/21/2011Lecture 1 (c) Copyright MFA 11SUPPLYRESOURCESe.g. Time, Land, PeopleDEMANDWANTSe.g. Designer Jeans, MP3 Players, Motorbike, Banking 8 servicesWHAT IS ECONOMICS ALL ABOUT?Wants and desires:Humans wants are unlimited. Some

Review from student

Studypool Student
" <3 it, thanks for saving me time. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors