Introduction to Economics

On successful completion of the course, Learners should have a clear understanding of:

  • Fundamental concepts of economics
  • Branches of economics
  • Basic economic problems
  • Economic systems
  • Demand and supply
  • Market structures
  • Basics of money and banking

History of Economic Thought

“…the history of the intellectual efforts that men have made in order to understand economic phenomena…”

Development of Economics

Is economic development only a matter of money? 

« The problem of economic development is to account for the observed pattern across countries and across time in levels and rates of growth of per capita income. » (Lucas)