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TOPIC 10 : ECONOMIC (PART 2)
Topic 10 introduces you to principles of economics, basic principles of individual decision making that are important in an economic context, principles concerning how people interact with one another and phases of an economic cycle.
Upon completion of this topic, students should be able to:
1. Explain the 10 principles of economics;
2. Explain 4 basic principles of individual decision making that are important in an economic context;
3. Explain 3 principles concerning how people interact with one another; and
4. Explain the 4 phases of an economic cycle.
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Dear students, please download the Self-Instructional Material for Topic 10 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 10.
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Dear students, once you have completed studying your Self-Instructional Material for Topic 10, please answer the self-check question posted here.