Meaning And Scope of Economics (Video)

All the Tricks and Techniques you need to Understand The Meaning and Scope of Economics. Economics Definitions, Economic Problems, Economics Concept, Micro and Macro Economics.

Requirements:

• Background In Economics
• Posses basic English Skills

Who Is This Video For?

• Students Interested in Economics
• Students who need strong background in Economics
• Candidates wishing to understand the scope of Economics
• Students Preparing for School Examination
• Candidates preparing for Scholarships
• Jamb, Waec, GCE, NABTECB and Neco Candidates

Watch Meaning And Scope of Economics

Meaning And Scope of Economics

00:38 – Economics from Greek Word Oikunomia
03:06 – Adams Smith Economics Definition
03:46 – Alfred Marshal Economics Definition
04:10 – John Stuart Mills Economics Definition
04:58 – Lionel Charles Robbins Definition
06:49 – Is Economics Science or Social Science?
08:14 – Twin Problems of Economics
08:33 – Basic Economics Concepts
08:50 – Meaning of Wants
09:50 – Meaning of Scarce
10:34 – Meaning of Choice
11:42 – Scale of Preferences in Economics
12:44 – Opportunity Cost (Real Cost)
14:39 – Basic Economics Problems of Society
15:05 – Question of What to Produce
15:44 – Problem of How to Produce
16:35 – Question of For Whom to Produce
17:19 – Efficiency of Resources Use
17:47 – Micro Economics and Macro Economics
19:05 – Questions Under Scope of Economics