AEM 102 Course Synopsis

COURSE CODE: AEM 102
COURSE TITLE: Principles of Economics
NUMBER OF UNITS: 2 Units
COURSE DURATION
: Two hours per week

COURSE DETAILS:
Course Coordinator: Prof. (Mrs.) C.A. Afolami, B.Sc., M.Sc., PhD
Email: carolynafolami@yahoo.co.uk
Office Location: Agric. Econs & Farm Mgt. Department, COLAMRUD
Other Lecturers: Dr. S.A. Adewuyi, Dr. O.F. Ashaolu, Dr. A.E. Obayelu, Dr. Soji Vaughan

COURSE SYNOPSIS
Definition of economics; The economic problem: the problem of scarcity, production possibility frontier, principle of increasing costs, scarcity and the market system; Micro economics: demand, supply, equilibrium price, shifts in supply and demand, government and price determination; Macro economics: gross domestic product, aggregate demand, aggregate supply, equilibrium output, unemployment, inflation, national income, consumption investment and net exports, money and banking.

AEM 102 Lecture Note

Last Updated on May 7, 2012 by admin

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