Course Description

This course is designed to provide students with basic knowledge of the principles of economics which include the definition of economics, economic problems, the production possibilities curve, demand & supply and market equilibrium, the elasticities of demand and supply, consumer and producer equilibrium, production costs, the various forms of markets and conditions and the producer's equilibrium in these markets, and the demand for factors of production.

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Course ID: ECON110

Credit hours Theory Practical Laboratory Lecture Studio Contact hours Pre-requisite
3 - - - - - - -