ECO121PRINCIPLES OF ECONOMICS I

This course introduces students to the fundamental principles of economics with emphasis on the concepts, tools, and methods of economic analysis. It explores the basic issues of scarcity, choice, and opportunity cost, and examines how individuals and societies allocate resources efficiently. Students will study the principles of demand and supply, price determination, market equilibrium, production, cost concepts, and the theory of consumer behavior. The course lays the foundation for understanding economic decision-making at both individual and national levels.