Economics

About Course

Economics is a foundational social science course designed to help students understand how individuals, businesses, governments, and societies make decisions about limited resources. The course introduces learners to the basic concepts of economics, including wealth, welfare, scarcity, choice, production, consumption, exchange, distribution, and public finance.

Students will explore the difference between microeconomics and macroeconomics, positive and normative economics, and the role of statistics in collecting, presenting, analyzing, and interpreting economic data. The course also explains key economic issues such as scarcity, opportunity cost, production possibilities, economic development, and the importance of making informed economic decisions.

Through guided lessons, examples, diagrams, activities, and knowledge checks, learners will develop practical economic thinking and decision-making skills. By the end of this course, students will be able to explain core economic concepts, interpret basic economic data, understand resource allocation, analyze economic choices, and apply economic reasoning to real-life situations.