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Elementary Economics

This course introduces the basics of economics. Students will learn how demand, supply, and production work, understand the main ideas of the economy like income flow and key variables, and study inflation and its effects. It gives a simple foundation for further learning in economics.

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  • Last Updated Oct 13, 2025

About This Course

  • Learning Outcomes
By the end of this course,
Students will be able to:
  1. -Understand the basic concepts of demand, supply, and production.
  2. -Explain the scope and key variables of macroeconomics.
  3. -Describe the circular flow of income in an economy.

    -Analyze the concept, impact, and control measures of inflation.

  4. Target Audience
  5. First year undergraduate students (FYUGP) from all discipline who need to strengthen their basic knowledge about Banking System.
  6. Course Modules
  7. Module 1: Fundamentals of Microeconomics 
  8. *Theory of Demand 
  9. *Theory of Supply 
  10. *Production
 Module 2: Introduction to Macroeconomics
* Definition and Scope of Macro Economics
*Macro-Economic Variables
*Circular Flow of Income 

 Module 3: Inflation
*Concept of Inflation
*Impact of Inflation
*Measures to Control Inflation