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Economics looks at how limited resources are shared among individuals, companies, and nations to fulfill needs and wants. It studies production, distribution, and consumption, while explaining how markets work and how people respond to changes in supply, demand, and prices.
Simply put, economics is about making smart use of what we have. It helps us understand not only personal financial decisions but also bigger issues like government policies, global trade, and sustainable growth in society.
This exam is ideal for:
Domain 1 - Introduction to Economics
Domain 2 - Microeconomics
Domain 3 - Macroeconomics
Domain 4 - International Economics
Domain 5 - Development Economics
Domain 6 - Public Economics
Domain 7 - Applied Economics
Domain 8 - Future Trends in Economics
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It is the study of how people and societies use limited resources to meet their needs.
No, it also covers decisions about resources, choices, and policies.
Students, economists, business analysts, policy makers, and professionals in finance or research.
Micro deals with individuals and firms; macro looks at the economy as a whole.
Basic math and logical reasoning are enough; advanced concepts are explained step by step.
It explains prices, salaries, savings, investments, and spending decisions.
Yes, it includes international trade, globalization, and global policies.
Yes, applied economics and forecasting topics are included.
It can lead to roles in research, consulting, banking, government, and international organizations.
Yes, it covers green economy and sustainable growth.
Yes, it is designed for both students and working professionals.
Finance, consulting, public policy, education, and international trade.
Market analysis, economic forecasting, and policy evaluation.
Absolutely, economics provides insights into markets, consumer behavior, and business strategy.
Yes, it is key for roles in policy-making, taxation, and development programs.