AEM 102 [PRINCIPLES OF ECONOMICS] COURSE CONTENT
Definition of Economics.
Economic Problems.
Production Possibility Frontier.
Principle of increasing costs.
Scarcity and the market system.
Demand.
Supply.
Equilibrium Price.
Shifts in supply and Demand.
Government and price determination.
Gross Domestic Product.
Aggregate Demand.
Equilibrium output.
Unemployment.
Inflation.
National Income.
Consumption, investment and Net exports.
Money and Banking.
General Questions and Answers on AEM 102.
