Introductory Economics

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Course Code: 
ENV 1206
Course Credit Units: 
4
Semester: 
Semester 2
Year of Study: 
Year 1
Undergraduate or Graduate Level: 
Undergraduate Level
Course Discipline: 
Course Description & Objectives: 
  1. Scope and method of Economics. 
  2. Concepts of economics. Elementary theory of price and distribution. The idea of scarcity and choice. 
  3. The economy as a whole, the circular flow of income and its measurement. 
  4. Survey of structure of the economy and domestic pricing policies using specified country examples. 
  5. Comparative economic system, international economy and trade relation with the rest of the world. 
  6. Other economic aspects including unemployment, underemployment and social welfare. Economic growth and development and role of tourism.
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