FOUNDATION COURSE PAPER - 3 Study Note - 1 BASIC CONCEPTS OF ECONOMICS 1.1 DEFINITION AND SCOPE OF ECONOMICS There are 4 definitions of Economics. (1) Wealth Definition:…

CHAPTER 1 THE FUNDAMENTALS OF ECONOMICS I. CHAPTER OVERVIEW In this beginning chapter, basic economic concepts are discussed. The first part of this chapter has been designed…

Section - I ECONOMICS ECONOMICS A1 Basic Concepts of Economics Study Note - 1 BASIC CONCEPTS OF ECONOMICS This Study Note includes • • • • • • • Definition…

1.  Economics is the science of scarcity. It explains the behavior of different economic units (households, firms, government & the economy as a whole) & it involves…

1. Introduction to Economics What is Economics ? 2. Introduction to Economics Economics(OIKOU + NOMOS)is what keeps a nation on its feet. It determines whether or not a nation’s…

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Slide 1James B. Wilcox Resources provided by: The University of Southern Mississippi Center for Economic and Entrepreneurship Education, Mississippi State University, &…

Slide 1 Slide 2 Macroeconomics James B. Wilcox RESOURCES PROVIDED BY: THE UNIVERSITY OF SOUTHERN MISSISSIPPI CENTER FOR ECONOMIC AND ENTREPRENEURSHIP EDUCATION, MISSISSIPPI…

Slide 1 Slide 2 What fundamental qualities make up Economics? Wants Versus Needs Slide 3 Economics is the study of how scarce productive resources are used to satisfy human’s…

1.Dr Dipesh Tamrakar Junior Resident SPH & CM2. Health Economics- introduction - Economics -Importance of economics on health - health economics - how health care…