Official NUC CCMAS syllabus

LGD 105 — Principles of Economics

LGD department course · Nigerian universities

What you'll be able to do (official learning outcomes)

• define economics and articulate its scope and significance as a subject of study
• review some classical and neo-classical theories of economics
• explain some basic concepts in economics like concepts associated with production, pricing, demand and supply theories among others; and
• apply these concepts with examples

Course contents

Definition of economics. Classical and neo-classical economic theories. Micro and macroeconomics. Factors of production. Law of returns. Concepts of scarcity and choice. Opportunity costs. Population growth. Demand and supply theories. Concept of elasticity. Cost theory. Revenue analysis. Nature and types of Market. Price theory.

Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study LGD 105.

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