Economics notes: KNEC Diploma

Topics covered in Economics module unit for KNEC Diploma students are as follows. Click on the title units to open the notes

Topic 1: Introduction to economics

Topic 2: Demand analysis

Topic 3: Supply analysis

Topic 4: Price determination

Topic 5:  Production theory

Topic 6:  Theory of the firm

Topic 7:  Market structures

Topic 8: National income

Topic 9: Money and banking

Topic 10: Public Finance

Topic 11: Inflation

Topic 12: International trade

Topic 13: Population and unemployment

Topic 14: Economic growth and development

Topic 15: Emerging trends and issues in economics




After passing this module unit, the trainee should be able to:

  • Recognize the role of economics in day to day life
  • Apply the concept of demand and supply in economic analysis
  • Demonstrate an understanding of price determination
  • Apply production theory concept in a financial institution
  • Demonstrate an understanding of market structures
  • Relate the concept of money and banking to banking and financial services business environment
  • Demonstrate an understanding of public finance concept
  • Assess the relationship of population and unemployment in a economy
  • Cope with emerging issues and trends in economics.



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