COURSE CODE: AEM 502
COURSE TITLE: Business Management
NUMBER OF UNITS: 3 Units
COURSE DURATION: Three hours per week
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.