Ec1002 unit 1 - Study guides, Class notes & Summaries

EC1002 Unit 1 Revision Quiz (Questions And Answers 2023 Update What is the 90/10 income ratio? a. The wealth of the richest 10% of the population divided by the wealth of the poorest 10% of the population b. The average income of the richest 10% of a country's the population divided by the average income of the poorest 90% of the population c. The share of wealth held by the richest 10% d. The average income of the richest 10% of a country's the population divided by the average i...

EC1002 Unit 1 Revision Quiz (Questions And Answers 2023 Update What is the 90/10 income ratio? a. The wealth of the richest 10% of the population divided by the wealth of the poorest 10% of the population b. The average income of the richest 10% of a country's the population divided by the average income of the poorest 90% of the population c. The share of wealth held by the richest 10% d. The average income of the richest 10% of a country's the population divided by the average i...

Part 1 of detailed summary of EC1002 - Introduction to Economics, based on the textbook 'Economics' by Begg, Fischer, Vernasca and Dornbusch (11th edition). Beginner level, for introductory economics course. Part 1 includes following topics: - Unit 1: Economics and the economy - Unit 2: Tools of economic analysis - Unit 3: Demand, supply and the market