Demand and supply

iDevice ikoon The objectives of the learning object

This learning object addresses very common economic concepts: the demand  and the supply. Economics is often even defined through these two concepts. Specifically, economics is the social science that studies how the demand and the supply determine the use of scarce resources. This implies to their central role behind the economic reasoning in general.

The objective of this learning object is to introduce the main ideas behind these popular concepts.

The learning object has been composed at Estonian Academy of Security Sciences by Indrek Saar for the course Basics of Economics.