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ECO 102 Principles of Economics II

100 levelSocial Sciences10 topics

ECO 102 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.

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Course outline

The topics this course covers, in teaching order.

  1. Functions, index numbers and functional relationships
  2. Basic concepts of national income accounting
  3. The circular flow of income: withdrawals and injections
  4. National income determination and analysis
  5. Consumption, savings and investment
  6. Government activities: taxation and government expenditure
  7. Money and the banking system
  8. Aggregate supply, unemployment and inflation
  9. Exchange rates and balance of payments
  10. Global interdependence and the external economy

A sample from this course

One topic, as StudyPath teaches it.

Functions, index numbers and functional relationships

This topic brings together three connected ideas: functions as rules showing how one variable depends on another, index numbers as statistical measures of relative change, and functional relationships used to describe economic behaviour. For the exam, you must be able to define these concepts clearly, interpret simple formulas and tables, and distinguish between direct, inverse, linear, and ratio-based relationships.

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