
Course Title: Introduction to Economics
Course Code: ECON 101 (example)
Credit Hours: 3
Prerequisites: None (for introductory level)
Course Summary:
This course provides a foundational understanding of economic principles, concepts, and theories that govern individual and societal decision-making. It explores how limited resources are allocated and how markets operate to distribute goods and services efficiently. The course is divided into two major branches: Microeconomics and Macroeconomics.
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Microeconomics examines the behavior of individual consumers, firms, and markets. Topics include demand and supply, elasticity, market structures (perfect competition, monopoly, oligopoly), consumer behavior, and production costs.
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Macroeconomics focuses on the economy as a whole. Topics include national income, inflation, unemployment, fiscal and monetary policy, economic growth, and international trade.
By the end of the course learner will be able to analyze basic economic problems, understand how economic policies impact markets and the broader economy, and apply economic reasoning to real-world issues.
Learning Outcomes:
By the end of this course, learner should be able to:
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Understand fundamental economic concepts and vocabulary.
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Analyze supply and demand dynamics.
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Interpret key macroeconomic indicators.
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Explain how governments influence economies through fiscal and monetary policies.
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Apply economic reasoning to personal, national, and global issues.
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