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  • Circular Flow Diagram: - Circular Flow Diagram Is A Basic Model Used in Economics To Show How An Economy Functions

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    The document outlines an economics course, beginning with an introduction to the circular flow diagram, which is a basic model used to show how an economy functions by depicting the flow of goods, services, and money between households and businesses. It then lists microeconomics, which studies individual decision making of consumers and firms, and macroeconomics, which analyzes economy-wide phenomena like growth, unemployment, and inflation. The course outline includes lessons on the circular flow, principles of economics, market structures, demand and supply forces, elasticity, consumer behavior, production, and economic systems.

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    Circular Flow Diagram

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    The document outlines an economics course, beginning with an introduction to the circular flow diagram, which is a basic model used to show how an economy functions by depicting the flow of goods, services, and money between households and businesses. It then lists microeconomics, which studies individual decision making of consumers and firms, and macroeconomics, which analyzes economy-wide phenomena like growth, unemployment, and inflation. The course outline includes lessons on the circular flow, principles of economics, market structures, demand and supply forces, elasticity, consumer behavior, production, and economic systems.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    69 views4 pages

    Circular Flow Diagram: - Circular Flow Diagram Is A Basic Model Used in Economics To Show How An Economy Functions

    Uploaded by

    ishi
    The document outlines an economics course, beginning with an introduction to the circular flow diagram, which is a basic model used to show how an economy functions by depicting the flow of goods, services, and money between households and businesses. It then lists microeconomics, which studies individual decision making of consumers and firms, and macroeconomics, which analyzes economy-wide phenomena like growth, unemployment, and inflation. The course outline includes lessons on the circular flow, principles of economics, market structures, demand and supply forces, elasticity, consumer behavior, production, and economic systems.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Circular Flow Diagram

    - circular flow diagram is a basic


    model used in economics to show
    how an economy functions.
    Microeconomics  - It studies the decisions of
    individuals and firms to allocate resources of
    production, exchange, and consumption.

    Macroeconomics - is a branch of economics that


    studies how an overall economy—the market or other
    systems that operate on a large scale—behaves.
    Macroeconomics studies economy-wide phenomena
    such as inflation, price levels, rate of economic growth,
    national income, gross domestic product (GDP), and
    changes in unemployment.
    Course Outline:
    1. Circular Flow Diagram
    2. Ten Principles of Economics
    3. Types of Market Structures
    4. Market Forces of Demand and Supply
    5. Elasticity of Demand and Supply
    6. Consumer Behavior
    7. Concept of Production
    8. Types of Economic System

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