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HIR1001 / General Economics
GENERAL INFORMATION ABOUT THE COURSE
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Course Objective
The students are informed about the national income basic concepts of economics, demand, production, consumption, benefit, cost, market equilibrium, inflation, deflation,
Brief Content of the Course
The basic concepts as supply, demand, production and consumption theory, benefit, cost, market equilibrium, market types, inflation, deflation, national income and sustainable development are covered with this course.
Prerequisites
Course Objectives
Course Objectives
1
Ensure that the learning of the basic concepts of Economics,
2
Compute the elasticities of supply and demand and gain the ability to interpret the results
3
Provide an understanding of the market species
4
Provide understanding of consumer economic decision-making process
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