Extension from simple closed economy to two sector model, three sector model and to four sector model. Detailed theories of consumption: Permanent income theory of consumption, Absolute income theory of consumption and Life cycle theory of consumption: Investment function.
University of Jos B.Sc. Economics · 400 Level, Second Semester · 4 units. Course pack developed with IntelliScan Standards Institute; for review and sign-off by the Course Lead.
- Teacher: Faith Etuh