Introduction to Economics

• Introduction to Economics This course is an introduction to economics and covers topics such as relative scarcity, efficiency and welfare, cost of choices, and economic systems. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: The Economic Way of Thinking Other Social Sciences Relative Scarcity Relative Scarcity: characteristics of wants and resources The Concept of Relative Scarcity Choice Cost of Choices Opportunity Costs Efficiency and Welfare Economic Systems Economic Systems

Economic activity

• Economic activity This course covers topics in economic activity such as private consumption expenditure and private investment expenditure, disposable income, interest rates, consumer sentiment and confidence, and business sentiment and confidence. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Economic Activity The Nature of Economic Instability Aggregate demand Private Consumption Expenditure (C) Private Investment Expenditure (I) Government Current/Consumption Expenditure (G1) Government Capital/Investment Expenditure (G2) Net Exports (X-M) Disposable Income Interest Rates Consumer Sentiment/Confidence Redistribution of Income Business Sentiment/Confidence Budgetary Action The Exchange Rate Aggregate Supply Trade Union Activity Immigration Productivity Company Profits Real Unit Labour Costs Participation Real Interest Rates

Economic growth

• Economic growth This course covers topics associated with economic growth such as measurement of economic growth, sources of economic growth, and factors contributing to economic growth. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Definition of Economic Growth Measurement of Economic Growth The Sources of Economic Growth Factors Contributing to Economic Growth Effects of Economic Growth

Economics and employment

• Economics and employment This course covers topics related to economics and employment such as the causes, types and effects of unemployment. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Factors contributing to full employment Economics and employment The unemployment rate Measurement of Unemployment - Participation Limitations of the unemployment rate Types of unemployment Causes of unemployment Effects of unemployment

The competitive market system

• The competitive market system This course covers topics in economics such as the demand curve, the supply chain, and market equilibrium. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress.   Topics in this module: Shifts in the Demand Curve The Competitive Market System Demand Schedule Movements Along the Demand Curve Shifts in the Demand Curve Supply Schedule Movements Along the Supply Curve Shifts in the Supply Curve Market Equilibrium Disequilibrium Market Equilibrium Graphs Resource Allocation in the Competitive Market Behaviour of Economic Participants Elasticity Elasticity of Demand Elasticity of Supply The Contemporary Market

Types of inflation

• Types of inflation This course covers topics related to inflation such as demand inflation, cost inflation, and price stability. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Causes of Inflation Demand inflation Cost inflation Factors Contributing to Inflation Effects of inflation

Wealth and income distribution

• Wealth and income distribution This course covers topics in economics such as the Lorenz curve, the Gini coefficient, the poverty line, and distribution of income and wealth. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Equity in the Distribution of Income and Wealth The Lorenz curve The Gini coefficient The poverty line Factors affecting the distribution of income and wealth

Assessment

• Assessment Topics in this module: Introduction to Economics Assessment

Forum

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