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TOPIC 9:ECONOMIC (PART 1)
Topic 9 introduces you to economics.
Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively. The two branches of economics are microeconomics and macroeconomics. Economics focuses on efficiency in production and exchange.
Upon completion of this topic, students should be able to:
1. Explain economics;
2. Explain 4 basic concepts of microeconomics; and
3. Explain 4 economic indicator in macroeconomics.
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Dear students, please download the Self-Instructional Material for Topic 9 below. You are advised to spend at least 3 hours to study this material. Once you have studied this material, you may proceed to answer the Quiz for Topic 9.
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Dear students, once you have completed studying your Self-Instructional Material for Topic 9, please answer the self-check question posted here.