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NGN1000
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Course Description

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants and needs, trying to determine how these groups should organize and coordinate efforts to achieve maximum output.

Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the aggregate economy, and microeconomics, which focuses on individual consumers and businesses.

Key concepts covered include:

  • What Is Economics?
  • Understanding Economics
  • Types of Economics
  • Schools of Economic Theory
  • Economics and Human Behavior
  • Economic Indicators
  • Types of Economic Systems