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Course Descrpiton


Course Name:Introduction to Economics # By Seyoum Bihonegn Demeke; Course Code: Econ 2271

Introduction to Economics:  Distinction between Financial feasibility and Economic Feasibility of a Project  Use of Graphs and Equations Elements of Economic system:  World Economy  International Economy  Exchange Rates  National Economy National Income and Accounting:  GDP and GNP  Circulation of Money  Banking Policy  Simple, Compound Interests  Loans and Deposits Supply and Demand:  Price Mechanism  Market Demand  Market Equilibrium Introduction to management tools to achieve economy:  Basics of Work-study  Basics of Inventory Control  Basics of CPM, PERT, GERT, for Proper Scheduling



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