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What you'll be able to do (official learning outcomes)
demonstrate an understanding of the concepts of scarcity and opportunity cost
demonstrate an understanding of how markets work to allocate resources and the optimal individual decision-making that underlies market outcomes
identify various market structures and discuss their implications for resource allocation
explain the advantages and potential shortcomings of markets
discuss the conditions under which markets do and do not work well
describe the role of public policy intervention in cases where markets fail to perform optimally
Course contents
Gross domestic product, national income, economic growth, unemployment, inflation, the business cycle, fiscal policy and monetary policy, and international trade, Production, distribution and consumption of goods and services, the exchange process, the role of government, the national income and its distribution, GDP, consumption…
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study AVM 102.