Credit Hours - 3

This course is intended to provide the student with knowledge of: 
(i) the basic principles of economics such as the nature and scope of economics, scarcity and opportunity cost , the use of theories in economics, the market economy and the working of markets , and demand and supply analysis. 
(ii) the evolution of schools of thought in economics. It will also introduce the student to important aspects of the Economy of Ghana and development issues of sub-Saharan Africa.

Credit Hours - 3

This course introduces some of the basic concepts and issues of macroeconomics. They include topics such as economic growth and overall living standards, national output concepts and measurement, and the national income accounts of Ghana. Other major macroeconomic variables such as the price level and inflation, employment and unemployment, government budget deficits, and balance of payment accounts are also explored. The course also introduces the theory of national income determination in the short run using expenditure analysis.