ECON 20000 The Elements of Economic Analysis

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Following are the components of economic analysis under course ECON 20000 The Elements of Economic Analysis:

• Function.
• Factors.
• Importance.
• Considerations.
• Warning.

Following are also the 5 elements of economics under course ECON 20000 The Elements of Economic Analysis:

Five economic concepts that every students should know are as follows:

• Demand and supply.
• Scarcity.
• Cost of opportunity.
• Time value of earnings.
• Purchasing power.

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