Economics
Syllabus Summary
Semester 1
August 2002
Scarcity & Choice
Opportunity Costs & Production Possibilities
Purpose and Goals of Economic Systems
Economic Resources (Factors of Production)
Comparative Economic Structures
Traditional Societies
Centrally Planned Economies
Market Systems
Mixed Economic Systems
Demand & Supply
Market Efficiencies & Failure
Role of Government
Introduction to Macro Economics
Measuring and Promoting Economic Growth
Economic Development
Price Stability (Inflation and Deflation)
Government Policies and Actions
Introduction to Economic Development
Status of Less Developed Nations
Indicators of Economic Development
Barriers to Economic Development
Introduction to International Trade
Gains from Trade
Problems arising from Free Trade
Types of Protection
World Economic Structure
Implications for Less Developed Nations
End of First Semester
Syllabus Summary
Semester
2January 2003
Promoting Economic Growth & Development
Changes to Economic Structures
Agricultural Policies
Development of Human Capital
Foreign Aid
Foreign Debt
Foreign Investment
Consequences of Growth
Advanced Placement Macro Economics
Macroeconomics objectives
Measuring Macroeconomic performance
National Income Accounts
Money & Banking
Comparative Macroeconomic Models
Keynesian Fiscal Policy
Monetary Policy
Monetarist Theory
Supply Side Economics
Regional Economic Integration
Global Trade Integration / Globalization
Exchange Rates
Balance of Payments