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Summary ECS1601 FULL NOTES

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Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets but leaves the study of economy-wide aggregates to macroeconomics

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Uploaded on
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COURSE – ECS 1601
SEMESTER 1 2018

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, Est Reading
Unit. Topic. Description. Time
(mins).
Production, Income
1 and Spending 30
2 Monetary Sector 36
3 Government Sector 28
4 Foreign Sector 40
Measuring the
Performance of the
5 Economy 24
Simple Keynesian
6 Model 45
Keynesian Model
with the
Government and
7 Foreign Sector 45
Aggregate demand
8 and supply curves 36
9 Inflation 30
10 Unemployment 18
11 Economic growth
8




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