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
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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