Introduction to Economics
Exploring the Subject Matter of Economics: Why We Study Economics – Types - Definitions – Economic Systems – Economics as a Science. Principles and Concepts of Microeconomics: Demand – Supply – Production – Costs – Markets - Equilibrium. Basics of Macroeconomics: Role of Government – National Income Concepts – Inflation Concepts – Classical vs. Keynesianism. Economic Problems and Policies: Meaning of Development – Problems of Growth – Population – Agriculture and Industry – Balance of Payments – Planning – Study Report Related to Economics of Space Program.
