10 cp Prerequisites Nil Teaching Organisation 3 hours per week for twelve weeks or equivalent.
Economics analyses the decisions made by individuals and society about resource use. This is an interesting and important study because of the problem of scarcity. Economics is about the choices made, alternatives foregone and consequences of decisions that are made by individuals, household, firms and governments in their quests to seek what they individually or communally believe will yield them maximum satisfaction. This subject will address current economic problems and issues, including inflation, unemployment, foreign debt and the globalisation of the international economy. We will examine current economic management and its effectiveness.