Word count: 3000 words
Objectives to cover:
Introduction to Economic Thinking: Exploring how individuals and societies make choices under conditions of scarcity.
Core Principles of Microeconomics: Understanding individual market behavior, price mechanisms, and decision-making.
Demand, Supply, and Market Equilibrium: Analyzing how prices are determined through the interaction of buyers and sellers.
Consumer Behavior and Utility Analysis: Examining how consumers allocate resources to maximize satisfaction.
Production, Costs, and Market Structures: Studying firm behavior, cost functions, and different market environments.
Core Principles of Macroeconomics: Focusing on aggregate economic indicators and the overall functioning of the economy.
National Income, GDP, and Economic Growth: Measuring a nation’s economic performance and development trends.
Inflation, Unemployment, and Policy Tools: Addressing major macroeconomic challenges using fiscal and monetary strategies.
Conclusion and Future Perspectives: Summarizing economic insights and highlighting evolving global economic challenges.
Reference: APA style