UNDERSTANDING ECONOMICS
Important Information for Teachers and Students
CHAPTER ONE:NATURE AND SCOPE OF ECONOMICS
Introduction
Wealth
Welfare
Microeconomics and Macroeconomics
Why study Economics?
Basic concepts in Economics
Microeconomics
Macroeconomics
Positive and Normative economics
A free good and an economic good
Private good and public good
Products (goods and services)
Market concept
Scarcity
Choice
Opportunity cost
Importance of opportunity cost
Limitations of opportunity cost:
Production
Wealth and welfare
Technology
Stocks and flows
The structure of a national economy
CHAPTER TWO: THE PRICE THEORY
CHAPTER THREE: PRODUCTION THEORY AND MARKET STRUCTURES
CHAPTER FOUR: NATIONAL INCOME
CHAPTER FIVE: THE STRUCTURE OF UGANDA'S ECONOMY
CHAPTER SIX:ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT
CHAPTER SEVEN:DEVELOPMENT PROCESS AND CHOICE OF A DEVELOPMENT STRATEGY
CHAPTER EIGHT:DEVELOPMENT OF AGRICULTURE AND INDUSTRY
CHAPTER NINE: POPULATION AND LABOUR
CHAPTER TEN:EMPLOYMENT AND UNEMPLOYMENT
CHAPTER ELEVEN:MONEY AND BANKING
CHAPTER TWELVE:INFLATION
CHAPTER THIRTEEN:PUBLIC FINANCE AND FISCAL POLICY
CHAPTER FOURTEEN:THE ROLE OF INTERNATIONAL TRADE IN DEVELOPMENT.
Basic concepts in Economics
Microeconomics
Macroeconomics
Positive economics
Normative economics
A free good
An economic good
A private good
A public good
Products
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