Ecs1501 basic Study guides, Class notes & Summaries
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Ecs1501-study-notes.
- Summary • 57 pages • 2021
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Study Unit 1: About Economics 
Economics in Brief 
Economics is the study of how our scarce productive resources are used to satisfy 
human wants. 
Economics is a discipline studying how people choose to use resources (cash, 
land, buildings etc.) to satisfy their daily needs/ wants. It involves the production, 
distribution and consumption of goods and services. 
Economics is primarily concerned with the choices that are made in seeking to use 
scarce resources efficiently. 
As long as the marg...
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INTRODUCTION Welcome to Economics 1A, an introduction to Microeconomics. We hope that you will find this module interesting and rewarding. We will do our best to make your study of this module successful. You will be well on your way to success if you sta
- Exam (elaborations) • 49 pages • 2022
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INTRODUCTION 
Welcome to Economics 1A, an introduction to Microeconomics. We hope that you will find this module 
interesting and rewarding. We will do our best to make your study of this module successful. You will be 
well on your way to success if you start studying early in the semester and keep on working throughout 
the semester. 
2 PURPOSE AND OUTCOMES 
2.1 Purpose 
When you are credited with this module, you will have a basic knowledge of microeconomic theory and 
you will be able to app...
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ESC 1501 Economics Basics
- Summary • 12 pages • 2020
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ECS1501 Basic Notes
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