Topic outline
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Hello and welcome to Principles of Economics (ECON 1010) on behalf of our academic team. I'm Dr Vandna Arya, the Online Course Facilitator. Economics is an interesting topic that will help you understand a great deal about the way the world works. As an academic discipline, economics uses language, theory and models which, while in some ways familiar, are probably quite different to anything you have studied before. They are fundamental to a good understanding of the world around you and to succeed in your future careers.
Economics is concerned with what is termed the economic problem. This fundamental problem, which is faced by all individuals and communities, centres on the inability of available resources to produce the goods and services that are required to satisfy all the material needs and wants of individuals and communities, and the fact that choices must be made between alternatives. We hope you find this unit stimulating, interesting and useful.
The best part of this course is all the topics are interrelated. A consistent and genuine effort to work through the material is the key to being successful in the unit.
Also, an awareness of 'what works for you' in your learning is important. You will find that we have some activities built into this unit that we hope will advance your own understanding of your learning and that you will be able to use this knowledge in all of your studies.
We hope you enjoy your studies and learn how relevant and important economics can be.
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Video length: 03:41
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