Curriculum Portal

infoWhy this? Scarcity explains why consumers, businesses, and governments must make choices and incur opportunity costs. Exploring these choices alongside competing stakeholder objectives helps us identify trade-offs and understand why economic decisions can benefit some groups while disadvantaging others.

scheduleWhy now? At the start of the course, scarcity, choice, and opportunity cost establish the language and reasoning needed for economic analysis. These concepts underpin our subsequent understanding of business decisions, resource allocation through markets, and the competing priorities involved in government policy.