UNDERSTANDING ECONOMICS
Important Information for Teachers and Students
CHAPTER ONE:NATURE AND SCOPE OF ECONOMICS
CHAPTER TWO: THE PRICE THEORY
CHAPTER THREE: PRODUCTION THEORY AND MARKET STRUCTURES
CHAPTER FOUR: NATIONAL INCOME
Introduction
Definition of Basic Terms
National Income
Measuring Price Changes Overtime:
Gross National Product (GNP)
Net National Product (NNP)/National income
Distinction between GDP and GNP
National Income at Factor Cost and National Income at Market Price
Net national product (NNP)
Aggregate Demand
Personal Income
Methods of computing national income
Income Models
Types of Income Models
The sector of the economy
Sectoral flows.
Equilibrium in an Economy
Leakages and Injections
Measuring National Income
Per Capita Income and Welfare
Income and Wealth Distribution In Uganda
Keynesian economics
Gross domestic product
Measures of national income and output
National income and welfare
Consumption
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.
Income Models
These are models to show how household /firms drives and spend their incomes.
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