BAM 114 Principles of Economics 1

ND1 levelManagement & Administration10 topics

BAM 114 covers 10 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

Study BAM 114 on StudyPath

Free for every student. No card.

Course outline

The topics this course covers, in teaching order.

Scope and definition of economics
Classical and modern economic thought
Economics and other sciences
Basic economic problems and scarcity
Demand
Supply
Price equilibrium
Utility
Price elasticity
Income elasticity

A sample from this course

One topic, as StudyPath teaches it.

Scope and definition of economics

Economics is the study of how societies use scarce resources to satisfy unlimited wants. Mastering its definition and scope—distinguishing between micro‑ and macro‑economics, recognising the economic problem, and understanding the role of scarcity—lets students answer exam questions about the discipline’s purpose and boundaries.

What you get for BAM 114

Every topic above, split into sessions and dated against your exam.
Practice questions per session, with answers that explain themselves.
Offline reading — the whole course is a few hundred KB on your phone.
An AI tutor that answers questions using this course's own material.

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