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Wood Technology & Design 1-4

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📚 Topics

  1. Demand and Supply
    Law of demand and supply, determinants, and market equilibrium.
  2. Economic Development
    Indicators, obstacles to development, and government policies.
  3. Elasticity
    Price, income, and cross elasticity of demand and supply.
  4. Entrepreneurship
    Role of entrepreneurs, types of businesses, and business plans.
  5. Inflation and Exchange Rates
    Causes and effects of inflation, types of exchange rates.
  6. International Trade
    Benefits, terms of trade, trade restrictions, and balance of payments.
  7. Introduction to Economics
    Definition, basic economic problems, and the nature of economics.
  8. Money and Banking
    Functions of money, banking system, and central bank roles.
  9. National Income
    Concepts of national income, methods of measurement, and limitations.
  10. Population and Employment
    Population trends, employment, and unemployment issues.
  11. Production
    Factors of production, production processes, and types of production.
  12. Public Finance
    Sources of government revenue, taxation, and government expenditure.