Update: et-dcm1107-unit1-live

content/uninotes/et-dcm1107-unit1/live.md

@@ -11,9 +11,57 @@ url = '/uninotes/s1/et-dcm1107/unit1/live/'
 uniturl = '/uninotes/s1/et-dcm1107/unit1/'
 +++
 
-### ***April 9, 2026***
+### ***April 5, 2026***
 
 ## Course Objectives
 
 A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.  
 B) Examine cost and revenue structures of firms.
+
+## Definition of Economics by various individuals
+
+A) Wealth Definition by Adam Smith.  
+B) Welfare Definition by Alfred Marshall.  
+C) Scarcity Definition by Robbins.  
+D) Growth Defintion by Samuelson.  
+
+## Nature
+
+### A) Economics as a Science
+
+1. Positive (what is, based on data and logic)
+2. Normative (what ought to be, opinions, judgements)
+
+### B) Economics as an Art
+
+1. Pure (what ought to be, ideals and goals)
+2. Applied (real world, how to implement)
+
+### A) Described Economics as a Science
+
+1. Focuses on laws and cause-and-effect relationships (e.g Law of Demand).  
+2. Models to predict economic outcomes.  
+3. Data analysis, observation, hypothesis. 
+4. Real-world evidence.  
+5. Deductive and Inductive reasoning.
+
+* Limitaion: Human behaviour involved.
+
+## Methods
+
+A) Inductive (specific -> general).  
+B) Deductive (general -> specific).
+
+### A) Inductive
+
+1. Real-world observation, identify problem.
+2. Collect data, analyze and find patterns.
+3. Formulate and test generalisations.
+
+### B) Deductive
+
+1. Identify the general problem.
+2. Assumptions, formulate hypothesis.
+3. Verify using data.
+
+

docs/index.xml

@@ -47,12 +47,48 @@ E) Dynanic.</p>
 </h2><p>A) Interdependance.<br>
 B) Input-Process-Output Model.<br>
 C) Open System.<br>
-D) Dynamic Nature.&lt;/p&gt;</description></item><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</guid><description>&lt;h3 class="heading" id="april-9-2026"&gt;
+D) Dynamic Nature.&lt;/p&gt;</description></item><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</guid><description>&lt;h3 class="heading" id="april-5-2026"&gt;
- &lt;em&gt;&lt;strong&gt;April 9, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#april-9-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
+ &lt;em&gt;&lt;strong&gt;April 5, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#april-5-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
 &lt;/h3&gt;&lt;h2 class="heading" id="course-objectives"&gt;
  Course Objectives&lt;span class="heading__anchor"&gt; &lt;a href="#course-objectives"&gt;#&lt;/a&gt;&lt;/span&gt;
 &lt;/h2&gt;&lt;p&gt;A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.&lt;br&gt;
-B) Examine cost and revenue structures of firms.&lt;/p&gt;</description></item><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/</guid><description>&lt;h3 class="heading" id="april-5-2026"&gt;
+B) Examine cost and revenue structures of firms.&lt;/p&gt;
+&lt;h2 class="heading" id="definition-of-economics-by-various-individuals"&gt;
+ Definition of Economics by various individuals&lt;span class="heading__anchor"&gt; &lt;a href="#definition-of-economics-by-various-individuals"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;p&gt;A) Wealth Definition by Adam Smith.&lt;br&gt;
+B) Welfare Definition by Alfred Marshall.&lt;br&gt;
+C) Scarcity Definition by Robbins.&lt;br&gt;
+D) Growth Defintion by Samuelson.&lt;/p&gt;
+&lt;h2 class="heading" id="nature"&gt;
+ Nature&lt;span class="heading__anchor"&gt; &lt;a href="#nature"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;h3 class="heading" id="a-economics-as-a-science"&gt;
+ A) Economics as a Science&lt;span class="heading__anchor"&gt; &lt;a href="#a-economics-as-a-science"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Positive (what is, based on data and logic)&lt;/li&gt;
+&lt;li&gt;Normative (what ought to be, opinions, judgements)&lt;/li&gt;
+&lt;/ol&gt;
+&lt;h3 class="heading" id="b-economics-as-an-art"&gt;
+ B) Economics as an Art&lt;span class="heading__anchor"&gt; &lt;a href="#b-economics-as-an-art"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Pure (what ought to be, ideals and goals)&lt;/li&gt;
+&lt;li&gt;Applied (real world, how to implement)&lt;/li&gt;
+&lt;/ol&gt;
+&lt;h3 class="heading" id="a-described-economics-as-a-science"&gt;
+ A) Described Economics as a Science&lt;span class="heading__anchor"&gt; &lt;a href="#a-described-economics-as-a-science"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Focuses on laws and cause-and-effect relationships (e.g Law of Demand).&lt;/li&gt;
+&lt;li&gt;Models to predict economic outcomes.&lt;/li&gt;
+&lt;li&gt;Data analysis, observation, hypothesis.&lt;/li&gt;
+&lt;li&gt;Real-world evidence.&lt;/li&gt;
+&lt;li&gt;Deductive and Inductive reasoning.&lt;/li&gt;
+&lt;/ol&gt;
+&lt;ul&gt;
+&lt;li&gt;Limitaion: Human behaviour involved.&lt;/li&gt;
+&lt;/ul&gt;
+&lt;h2 class="heading" id="methods"&gt;
+ Methods&lt;span class="heading__anchor"&gt; &lt;a href="#methods"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;p&gt;A) Inductive (specific -&amp;gt; general).&lt;br&gt;
+B) Deductive (general -&amp;gt; specific).&lt;/p&gt;</description></item><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/</guid><description>&lt;h3 class="heading" id="april-5-2026"&gt;
  &lt;em&gt;&lt;strong&gt;April 5, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#april-5-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
 &lt;/h3&gt;&lt;h2 class="heading" id="characteristics-of-management"&gt;
  Characteristics of Management&lt;span class="heading__anchor"&gt; &lt;a href="#characteristics-of-management"&gt;#&lt;/a&gt;&lt;/span&gt;

docs/uninotes/s1/et-dcm1107/index.xml

@@ -1,6 +1,42 @@
-<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>ET DCM1107 on Freedoms4</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/</link><description>Recent content in ET DCM1107 on Freedoms4</description><generator>Hugo</generator><language>en-us</language><managingEditor>your-email@example.com (Freedoms4)</managingEditor><webMaster>your-email@example.com (Freedoms4)</webMaster><atom:link href="https://freedoms4.org/uninotes/s1/et-dcm1107/index.xml" rel="self" type="application/rss+xml"/><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</guid><description>&lt;h3 class="heading" id="april-9-2026"&gt;
+<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>ET DCM1107 on Freedoms4</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/</link><description>Recent content in ET DCM1107 on Freedoms4</description><generator>Hugo</generator><language>en-us</language><managingEditor>your-email@example.com (Freedoms4)</managingEditor><webMaster>your-email@example.com (Freedoms4)</webMaster><atom:link href="https://freedoms4.org/uninotes/s1/et-dcm1107/index.xml" rel="self" type="application/rss+xml"/><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</guid><description>&lt;h3 class="heading" id="april-5-2026"&gt;
- &lt;em&gt;&lt;strong&gt;April 9, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#april-9-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
+ &lt;em&gt;&lt;strong&gt;April 5, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#april-5-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
 &lt;/h3&gt;&lt;h2 class="heading" id="course-objectives"&gt;
  Course Objectives&lt;span class="heading__anchor"&gt; &lt;a href="#course-objectives"&gt;#&lt;/a&gt;&lt;/span&gt;
 &lt;/h2&gt;&lt;p&gt;A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.&lt;br&gt;
-B) Examine cost and revenue structures of firms.&lt;/p&gt;</description></item></channel></rss>
+B) Examine cost and revenue structures of firms.&lt;/p&gt;
+&lt;h2 class="heading" id="definition-of-economics-by-various-individuals"&gt;
+ Definition of Economics by various individuals&lt;span class="heading__anchor"&gt; &lt;a href="#definition-of-economics-by-various-individuals"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;p&gt;A) Wealth Definition by Adam Smith.&lt;br&gt;
+B) Welfare Definition by Alfred Marshall.&lt;br&gt;
+C) Scarcity Definition by Robbins.&lt;br&gt;
+D) Growth Defintion by Samuelson.&lt;/p&gt;
+&lt;h2 class="heading" id="nature"&gt;
+ Nature&lt;span class="heading__anchor"&gt; &lt;a href="#nature"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;h3 class="heading" id="a-economics-as-a-science"&gt;
+ A) Economics as a Science&lt;span class="heading__anchor"&gt; &lt;a href="#a-economics-as-a-science"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Positive (what is, based on data and logic)&lt;/li&gt;
+&lt;li&gt;Normative (what ought to be, opinions, judgements)&lt;/li&gt;
+&lt;/ol&gt;
+&lt;h3 class="heading" id="b-economics-as-an-art"&gt;
+ B) Economics as an Art&lt;span class="heading__anchor"&gt; &lt;a href="#b-economics-as-an-art"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Pure (what ought to be, ideals and goals)&lt;/li&gt;
+&lt;li&gt;Applied (real world, how to implement)&lt;/li&gt;
+&lt;/ol&gt;
+&lt;h3 class="heading" id="a-described-economics-as-a-science"&gt;
+ A) Described Economics as a Science&lt;span class="heading__anchor"&gt; &lt;a href="#a-described-economics-as-a-science"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Focuses on laws and cause-and-effect relationships (e.g Law of Demand).&lt;/li&gt;
+&lt;li&gt;Models to predict economic outcomes.&lt;/li&gt;
+&lt;li&gt;Data analysis, observation, hypothesis.&lt;/li&gt;
+&lt;li&gt;Real-world evidence.&lt;/li&gt;
+&lt;li&gt;Deductive and Inductive reasoning.&lt;/li&gt;
+&lt;/ol&gt;
+&lt;ul&gt;
+&lt;li&gt;Limitaion: Human behaviour involved.&lt;/li&gt;
+&lt;/ul&gt;
+&lt;h2 class="heading" id="methods"&gt;
+ Methods&lt;span class="heading__anchor"&gt; &lt;a href="#methods"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;p&gt;A) Inductive (specific -&amp;gt; general).&lt;br&gt;
+B) Deductive (general -&amp;gt; specific).&lt;/p&gt;</description></item></channel></rss>

docs/uninotes/s1/et-dcm1107/unit1/index.xml

@@ -1,6 +1,42 @@
-<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>Unit 1 on Freedoms4</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/</link><description>Recent content in Unit 1 on Freedoms4</description><generator>Hugo</generator><language>en-us</language><managingEditor>your-email@example.com (Freedoms4)</managingEditor><webMaster>your-email@example.com (Freedoms4)</webMaster><atom:link href="https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/index.xml" rel="self" type="application/rss+xml"/><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</guid><description>&lt;h3 class="heading" id="april-9-2026"&gt;
+<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>Unit 1 on Freedoms4</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/</link><description>Recent content in Unit 1 on Freedoms4</description><generator>Hugo</generator><language>en-us</language><managingEditor>your-email@example.com (Freedoms4)</managingEditor><webMaster>your-email@example.com (Freedoms4)</webMaster><atom:link href="https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/index.xml" rel="self" type="application/rss+xml"/><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</guid><description>&lt;h3 class="heading" id="april-5-2026"&gt;
- &lt;em&gt;&lt;strong&gt;April 9, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#april-9-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
+ &lt;em&gt;&lt;strong&gt;April 5, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#april-5-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
 &lt;/h3&gt;&lt;h2 class="heading" id="course-objectives"&gt;
  Course Objectives&lt;span class="heading__anchor"&gt; &lt;a href="#course-objectives"&gt;#&lt;/a&gt;&lt;/span&gt;
 &lt;/h2&gt;&lt;p&gt;A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.&lt;br&gt;
-B) Examine cost and revenue structures of firms.&lt;/p&gt;</description></item></channel></rss>
+B) Examine cost and revenue structures of firms.&lt;/p&gt;
+&lt;h2 class="heading" id="definition-of-economics-by-various-individuals"&gt;
+ Definition of Economics by various individuals&lt;span class="heading__anchor"&gt; &lt;a href="#definition-of-economics-by-various-individuals"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;p&gt;A) Wealth Definition by Adam Smith.&lt;br&gt;
+B) Welfare Definition by Alfred Marshall.&lt;br&gt;
+C) Scarcity Definition by Robbins.&lt;br&gt;
+D) Growth Defintion by Samuelson.&lt;/p&gt;
+&lt;h2 class="heading" id="nature"&gt;
+ Nature&lt;span class="heading__anchor"&gt; &lt;a href="#nature"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;h3 class="heading" id="a-economics-as-a-science"&gt;
+ A) Economics as a Science&lt;span class="heading__anchor"&gt; &lt;a href="#a-economics-as-a-science"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Positive (what is, based on data and logic)&lt;/li&gt;
+&lt;li&gt;Normative (what ought to be, opinions, judgements)&lt;/li&gt;
+&lt;/ol&gt;
+&lt;h3 class="heading" id="b-economics-as-an-art"&gt;
+ B) Economics as an Art&lt;span class="heading__anchor"&gt; &lt;a href="#b-economics-as-an-art"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Pure (what ought to be, ideals and goals)&lt;/li&gt;
+&lt;li&gt;Applied (real world, how to implement)&lt;/li&gt;
+&lt;/ol&gt;
+&lt;h3 class="heading" id="a-described-economics-as-a-science"&gt;
+ A) Described Economics as a Science&lt;span class="heading__anchor"&gt; &lt;a href="#a-described-economics-as-a-science"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Focuses on laws and cause-and-effect relationships (e.g Law of Demand).&lt;/li&gt;
+&lt;li&gt;Models to predict economic outcomes.&lt;/li&gt;
+&lt;li&gt;Data analysis, observation, hypothesis.&lt;/li&gt;
+&lt;li&gt;Real-world evidence.&lt;/li&gt;
+&lt;li&gt;Deductive and Inductive reasoning.&lt;/li&gt;
+&lt;/ol&gt;
+&lt;ul&gt;
+&lt;li&gt;Limitaion: Human behaviour involved.&lt;/li&gt;
+&lt;/ul&gt;
+&lt;h2 class="heading" id="methods"&gt;
+ Methods&lt;span class="heading__anchor"&gt; &lt;a href="#methods"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;p&gt;A) Inductive (specific -&amp;gt; general).&lt;br&gt;
+B) Deductive (general -&amp;gt; specific).&lt;/p&gt;</description></item></channel></rss>

docs/uninotes/s1/et-dcm1107/unit1/live/index.html

@@ -1,7 +1,25 @@
-<!doctype html><html class=html lang=en-us dir=ltr><head><meta charset=utf-8><meta name=viewport content="width=device-width"><title>Unit 1 | Freedoms4</title><link rel=stylesheet href=/css/style.min.34d0accb85f8ec23ceee8c29eef5907823b531d8acb9e6bdf45a3b37ad028d30.css integrity="sha256-NNCsy4X47CPO7owp7vWQeCO1Mdisuea99Fo7N60CjTA=" crossorigin=anonymous><link rel=icon href=/favicon.ico><meta name=description content=" April 9, 2026 # Course Objectives # A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.
+<!doctype html><html class=html lang=en-us dir=ltr><head><meta charset=utf-8><meta name=viewport content="width=device-width"><title>Unit 1 | Freedoms4</title><link rel=stylesheet href=/css/style.min.34d0accb85f8ec23ceee8c29eef5907823b531d8acb9e6bdf45a3b37ad028d30.css integrity="sha256-NNCsy4X47CPO7owp7vWQeCO1Mdisuea99Fo7N60CjTA=" crossorigin=anonymous><link rel=icon href=/favicon.ico><meta name=description content=" April 5, 2026 # Course Objectives # A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.
-B) Examine cost and revenue structures of firms."><meta property="og:url" content="https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/"><meta property="og:site_name" content="Freedoms4"><meta property="og:title" content="Unit 1"><meta property="og:description" content="April 9, 2026 # Course Objectives # A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.
+B) Examine cost and revenue structures of firms.
-B) Examine cost and revenue structures of firms."><meta property="og:locale" content="en_us"><meta property="og:type" content="article"><meta property="article:section" content="uninotes"><meta itemprop=name content="Unit 1"><meta itemprop=description content="April 9, 2026 # Course Objectives # A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.
+Definition of Economics by various individuals # A) Wealth Definition by Adam Smith.
-B) Examine cost and revenue structures of firms."><meta itemprop=wordCount content="29"><meta itemprop=keywords content="S1,ET DCM1107"><link rel=stylesheet href=/css/custom.css><script>(function(){var e=localStorage.getItem("theme");e&&document.documentElement.setAttribute("data-theme",e)})()</script></head><body class=body><header class=header><div class=brand><img src=/logo.png alt="Freedoms4 logo"><h1>Freedoms4</h1><div class=brand__actions><button class=theme-toggle id=theme-toggle aria-label="Toggle theme" title="Toggle dark/light mode">
+B) Welfare Definition by Alfred Marshall.
+C) Scarcity Definition by Robbins.
+D) Growth Defintion by Samuelson.
+Nature # A) Economics as a Science # Positive (what is, based on data and logic) Normative (what ought to be, opinions, judgements) B) Economics as an Art # Pure (what ought to be, ideals and goals) Applied (real world, how to implement) A) Described Economics as a Science # Focuses on laws and cause-and-effect relationships (e.g Law of Demand). Models to predict economic outcomes. Data analysis, observation, hypothesis. Real-world evidence. Deductive and Inductive reasoning. Limitaion: Human behaviour involved. Methods # A) Inductive (specific -> general).
+B) Deductive (general -> specific)."><meta property="og:url" content="https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/"><meta property="og:site_name" content="Freedoms4"><meta property="og:title" content="Unit 1"><meta property="og:description" content="April 5, 2026 # Course Objectives # A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.
+B) Examine cost and revenue structures of firms.
+Definition of Economics by various individuals # A) Wealth Definition by Adam Smith.
+B) Welfare Definition by Alfred Marshall.
+C) Scarcity Definition by Robbins.
+D) Growth Defintion by Samuelson.
+Nature # A) Economics as a Science # Positive (what is, based on data and logic) Normative (what ought to be, opinions, judgements) B) Economics as an Art # Pure (what ought to be, ideals and goals) Applied (real world, how to implement) A) Described Economics as a Science # Focuses on laws and cause-and-effect relationships (e.g Law of Demand). Models to predict economic outcomes. Data analysis, observation, hypothesis. Real-world evidence. Deductive and Inductive reasoning. Limitaion: Human behaviour involved. Methods # A) Inductive (specific -> general).
+B) Deductive (general -> specific)."><meta property="og:locale" content="en_us"><meta property="og:type" content="article"><meta property="article:section" content="uninotes"><meta itemprop=name content="Unit 1"><meta itemprop=description content="April 5, 2026 # Course Objectives # A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.
+B) Examine cost and revenue structures of firms.
+Definition of Economics by various individuals # A) Wealth Definition by Adam Smith.
+B) Welfare Definition by Alfred Marshall.
+C) Scarcity Definition by Robbins.
+D) Growth Defintion by Samuelson.
+Nature # A) Economics as a Science # Positive (what is, based on data and logic) Normative (what ought to be, opinions, judgements) B) Economics as an Art # Pure (what ought to be, ideals and goals) Applied (real world, how to implement) A) Described Economics as a Science # Focuses on laws and cause-and-effect relationships (e.g Law of Demand). Models to predict economic outcomes. Data analysis, observation, hypothesis. Real-world evidence. Deductive and Inductive reasoning. Limitaion: Human behaviour involved. Methods # A) Inductive (specific -> general).
+B) Deductive (general -> specific)."><meta itemprop=wordCount content="179"><meta itemprop=keywords content="S1,ET DCM1107"><link rel=stylesheet href=/css/custom.css><script>(function(){var e=localStorage.getItem("theme");e&&document.documentElement.setAttribute("data-theme",e)})()</script></head><body class=body><header class=header><div class=brand><img src=/logo.png alt="Freedoms4 logo"><h1>Freedoms4</h1><div class=brand__actions><button class=theme-toggle id=theme-toggle aria-label="Toggle theme" title="Toggle dark/light mode">
 <svg class="theme-toggle__sun" viewBox="0 0 24 24" width="16" height="16" fill="currentColor"><path d="M12 7c-2.76.0-5 2.24-5 5s2.24 5 5 5 5-2.24 5-5-2.24-5-5-5zM2 13h2c.55.0 1-.45 1-1s-.45-1-1-1H2c-.55.0-1 .45-1 1s.45 1 1 1zm18 0h2c.55.0 1-.45 1-1s-.45-1-1-1h-2c-.55.0-1 .45-1 1s.45 1 1 1zM11 2v2c0 .55.45 1 1 1s1-.45 1-1V2c0-.55-.45-1-1-1s-1 .45-1 1zm0 18v2c0 .55.45 1 1 1s1-.45 1-1v-2c0-.55-.45-1-1-1s-1 .45-1 1zM5.99 4.58c-.39-.39-1.03-.39-1.41.0-.39.39-.39 1.03.0 1.41l1.06 1.06c.39.39 1.03.39 1.41.0s.39-1.03.0-1.41L5.99 4.58zm12.37 12.37c-.39-.39-1.03-.39-1.41.0-.39.39-.39 1.03.0 1.41l1.06 1.06c.39.39 1.03.39 1.41.0.39-.39.39-1.03.0-1.41l-1.06-1.06zm1.06-12.37-1.06 1.06c-.39.39-.39 1.03.0 1.41s1.03.39 1.41.0l1.06-1.06c.39-.39.39-1.03.0-1.41s-1.03-.39-1.41.0zM7.05 18.36l-1.06 1.06c-.39.39-.39 1.03.0 1.41s1.03.39 1.41.0l1.06-1.06c.39-.39.39-1.03.0-1.41s-1.03-.39-1.41.0z"/></svg>
 <svg class="theme-toggle__moon" viewBox="0 0 24 24" width="16" height="16" fill="currentColor"><path d="M21 12.79A9 9 0 1111.21 3 7 7 0 0021 12.79z"/></svg></button><div class="brand__auth brand__auth--desktop"><input type=checkbox id=auth-dropdown class=brand__auth-check>
 <label class=brand__auth-toggle for=auth-dropdown tabindex=0 aria-label="Account options"><svg viewBox="0 0 24 24" width="12" height="12" fill="currentColor"><path d="M12 12c2.7.0 4.8-2.1 4.8-4.8S14.7 2.4 12 2.4 7.2 4.5 7.2 7.2 9.3 12 12 12zm0 2.4c-3.2.0-9.6 1.6-9.6 4.8v2.4h19.2v-2.4c0-3.2-6.4-4.8-9.6-4.8z"/></svg></label><div class=brand__auth-links><a href=/login/ class="auth-link auth-link--login">Login</a>
@@ -16,4 +34,4 @@ Subscribe</a></div></div></div></div><nav class="menu language"><ul class="menu_
 › <a href=/uninotes/s1/et-dcm1107/unit1/>Unit 1</a>
 › <span>Live</span></nav><div class=uninotes-meta><span class=uninotes-meta__pill>S1</span>
 <span class=uninotes-meta__pill>ET DCM1107</span>
-<span class="uninotes-meta__pill uninotes-meta__pill--live">Live</span></div><h1>Unit 1</h1><details class=toc><summary class=toc__summary>Table of Contents</summary><nav id=TableOfContents><ul><li><ul><li><a href=#april-9-2026><em><strong>April 9, 2026</strong></em></a></li></ul></li><li><a href=#course-objectives>Course Objectives</a></li></ul></nav></details><h3 class=heading id=april-9-2026><em><strong>April 9, 2026</strong></em><span class=heading__anchor> <a href=#april-9-2026>#</a></span></h3><h2 class=heading id=course-objectives>Course Objectives<span class=heading__anchor> <a href=#course-objectives>#</a></span></h2><p>A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.<br>B) Examine cost and revenue structures of firms.</p></main><footer class=footer><p class=footer__copyright-notice>&copy; 2026 <a href=https://freedoms4.org>freedoms4.org</a></p><p class=footer__theme-info>Built with <a href=https://gohugo.io>Hugo</a> and based on <a href=https://github.com/CyrusYip/hugo-theme-yue>Yue</a> theme</p></footer><script>(function(){var e=document.getElementById("theme-toggle");if(!e)return;function t(){var e=localStorage.getItem("theme");return e?e:window.matchMedia("(prefers-color-scheme: light)").matches?"light":"dark"}function n(e){document.documentElement.setAttribute("data-theme",e),localStorage.setItem("theme",e)}n(t()),e.addEventListener("click",function(){var e=document.documentElement.getAttribute("data-theme")||t();n(e==="dark"?"light":"dark")})})()</script><script>(function(){var e=document.getElementById("mobile-menu-check");if(!e)return;document.addEventListener("click",function(t){if(!e.checked)return;var n=e.closest(".brand__mobile-menu");n&&!n.contains(t.target)&&(e.checked=!1)})})()</script></body></html>
+<span class="uninotes-meta__pill uninotes-meta__pill--live">Live</span></div><h1>Unit 1</h1><details class=toc><summary class=toc__summary>Table of Contents</summary><nav id=TableOfContents><ul><li><ul><li><a href=#april-5-2026><em><strong>April 5, 2026</strong></em></a></li></ul></li><li><a href=#course-objectives>Course Objectives</a></li><li><a href=#definition-of-economics-by-various-individuals>Definition of Economics by various individuals</a></li><li><a href=#nature>Nature</a><ul><li><a href=#a-economics-as-a-science>A) Economics as a Science</a></li><li><a href=#b-economics-as-an-art>B) Economics as an Art</a></li><li><a href=#a-described-economics-as-a-science>A) Described Economics as a Science</a></li></ul></li><li><a href=#methods>Methods</a><ul><li><a href=#a-inductive>A) Inductive</a></li><li><a href=#b-deductive>B) Deductive</a></li></ul></li></ul></nav></details><h3 class=heading id=april-5-2026><em><strong>April 5, 2026</strong></em><span class=heading__anchor> <a href=#april-5-2026>#</a></span></h3><h2 class=heading id=course-objectives>Course Objectives<span class=heading__anchor> <a href=#course-objectives>#</a></span></h2><p>A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.<br>B) Examine cost and revenue structures of firms.</p><h2 class=heading id=definition-of-economics-by-various-individuals>Definition of Economics by various individuals<span class=heading__anchor> <a href=#definition-of-economics-by-various-individuals>#</a></span></h2><p>A) Wealth Definition by Adam Smith.<br>B) Welfare Definition by Alfred Marshall.<br>C) Scarcity Definition by Robbins.<br>D) Growth Defintion by Samuelson.</p><h2 class=heading id=nature>Nature<span class=heading__anchor> <a href=#nature>#</a></span></h2><h3 class=heading id=a-economics-as-a-science>A) Economics as a Science<span class=heading__anchor> <a href=#a-economics-as-a-science>#</a></span></h3><ol><li>Positive (what is, based on data and logic)</li><li>Normative (what ought to be, opinions, judgements)</li></ol><h3 class=heading id=b-economics-as-an-art>B) Economics as an Art<span class=heading__anchor> <a href=#b-economics-as-an-art>#</a></span></h3><ol><li>Pure (what ought to be, ideals and goals)</li><li>Applied (real world, how to implement)</li></ol><h3 class=heading id=a-described-economics-as-a-science>A) Described Economics as a Science<span class=heading__anchor> <a href=#a-described-economics-as-a-science>#</a></span></h3><ol><li>Focuses on laws and cause-and-effect relationships (e.g Law of Demand).</li><li>Models to predict economic outcomes.</li><li>Data analysis, observation, hypothesis.</li><li>Real-world evidence.</li><li>Deductive and Inductive reasoning.</li></ol><ul><li>Limitaion: Human behaviour involved.</li></ul><h2 class=heading id=methods>Methods<span class=heading__anchor> <a href=#methods>#</a></span></h2><p>A) Inductive (specific -> general).<br>B) Deductive (general -> specific).</p><h3 class=heading id=a-inductive>A) Inductive<span class=heading__anchor> <a href=#a-inductive>#</a></span></h3><ol><li>Real-world observation, identify problem.</li><li>Collect data, analyze and find patterns.</li><li>Formulate and test generalisations.</li></ol><h3 class=heading id=b-deductive>B) Deductive<span class=heading__anchor> <a href=#b-deductive>#</a></span></h3><ol><li>Identify the general problem.</li><li>Assumptions, formulate hypothesis.</li><li>Verify using data.</li></ol></main><footer class=footer><p class=footer__copyright-notice>&copy; 2026 <a href=https://freedoms4.org>freedoms4.org</a></p><p class=footer__theme-info>Built with <a href=https://gohugo.io>Hugo</a> and based on <a href=https://github.com/CyrusYip/hugo-theme-yue>Yue</a> theme</p></footer><script>(function(){var e=document.getElementById("theme-toggle");if(!e)return;function t(){var e=localStorage.getItem("theme");return e?e:window.matchMedia("(prefers-color-scheme: light)").matches?"light":"dark"}function n(e){document.documentElement.setAttribute("data-theme",e),localStorage.setItem("theme",e)}n(t()),e.addEventListener("click",function(){var e=document.documentElement.getAttribute("data-theme")||t();n(e==="dark"?"light":"dark")})})()</script><script>(function(){var e=document.getElementById("mobile-menu-check");if(!e)return;document.addEventListener("click",function(t){if(!e.checked)return;var n=e.closest(".brand__mobile-menu");n&&!n.contains(t.target)&&(e.checked=!1)})})()</script></body></html>

docs/uninotes/s1/index.xml

@@ -47,12 +47,48 @@ E) Dynanic.</p>
 </h2><p>A) Interdependance.<br>
 B) Input-Process-Output Model.<br>
 C) Open System.<br>
-D) Dynamic Nature.&lt;/p&gt;</description></item><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</guid><description>&lt;h3 class="heading" id="april-9-2026"&gt;
+D) Dynamic Nature.&lt;/p&gt;</description></item><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/et-dcm1107/unit1/live/</guid><description>&lt;h3 class="heading" id="april-5-2026"&gt;
- &lt;em&gt;&lt;strong&gt;April 9, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#april-9-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
+ &lt;em&gt;&lt;strong&gt;April 5, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#april-5-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
 &lt;/h3&gt;&lt;h2 class="heading" id="course-objectives"&gt;
  Course Objectives&lt;span class="heading__anchor"&gt; &lt;a href="#course-objectives"&gt;#&lt;/a&gt;&lt;/span&gt;
 &lt;/h2&gt;&lt;p&gt;A) Develop analytical skills for interpreting consumer decision-making and market behaviour using economic tools.&lt;br&gt;
-B) Examine cost and revenue structures of firms.&lt;/p&gt;</description></item><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/</guid><description>&lt;h3 class="heading" id="april-5-2026"&gt;
+B) Examine cost and revenue structures of firms.&lt;/p&gt;
+&lt;h2 class="heading" id="definition-of-economics-by-various-individuals"&gt;
+ Definition of Economics by various individuals&lt;span class="heading__anchor"&gt; &lt;a href="#definition-of-economics-by-various-individuals"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;p&gt;A) Wealth Definition by Adam Smith.&lt;br&gt;
+B) Welfare Definition by Alfred Marshall.&lt;br&gt;
+C) Scarcity Definition by Robbins.&lt;br&gt;
+D) Growth Defintion by Samuelson.&lt;/p&gt;
+&lt;h2 class="heading" id="nature"&gt;
+ Nature&lt;span class="heading__anchor"&gt; &lt;a href="#nature"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;h3 class="heading" id="a-economics-as-a-science"&gt;
+ A) Economics as a Science&lt;span class="heading__anchor"&gt; &lt;a href="#a-economics-as-a-science"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Positive (what is, based on data and logic)&lt;/li&gt;
+&lt;li&gt;Normative (what ought to be, opinions, judgements)&lt;/li&gt;
+&lt;/ol&gt;
+&lt;h3 class="heading" id="b-economics-as-an-art"&gt;
+ B) Economics as an Art&lt;span class="heading__anchor"&gt; &lt;a href="#b-economics-as-an-art"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Pure (what ought to be, ideals and goals)&lt;/li&gt;
+&lt;li&gt;Applied (real world, how to implement)&lt;/li&gt;
+&lt;/ol&gt;
+&lt;h3 class="heading" id="a-described-economics-as-a-science"&gt;
+ A) Described Economics as a Science&lt;span class="heading__anchor"&gt; &lt;a href="#a-described-economics-as-a-science"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h3&gt;&lt;ol&gt;
+&lt;li&gt;Focuses on laws and cause-and-effect relationships (e.g Law of Demand).&lt;/li&gt;
+&lt;li&gt;Models to predict economic outcomes.&lt;/li&gt;
+&lt;li&gt;Data analysis, observation, hypothesis.&lt;/li&gt;
+&lt;li&gt;Real-world evidence.&lt;/li&gt;
+&lt;li&gt;Deductive and Inductive reasoning.&lt;/li&gt;
+&lt;/ol&gt;
+&lt;ul&gt;
+&lt;li&gt;Limitaion: Human behaviour involved.&lt;/li&gt;
+&lt;/ul&gt;
+&lt;h2 class="heading" id="methods"&gt;
+ Methods&lt;span class="heading__anchor"&gt; &lt;a href="#methods"&gt;#&lt;/a&gt;&lt;/span&gt;
+&lt;/h2&gt;&lt;p&gt;A) Inductive (specific -&amp;gt; general).&lt;br&gt;
+B) Deductive (general -&amp;gt; specific).&lt;/p&gt;</description></item><item><title>Unit 1</title><link>https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/</link><pubDate>Mon, 01 Jan 0001 00:00:00 +0000</pubDate><author>your-email@example.com (Freedoms4)</author><guid>https://freedoms4.org/uninotes/s1/pbm-dcm1110/unit1/self/</guid><description>&lt;h3 class="heading" id="april-5-2026"&gt;
  &lt;em&gt;&lt;strong&gt;April 5, 2026&lt;/strong&gt;&lt;/em&gt;&lt;span class="heading__anchor"&gt; &lt;a href="#april-5-2026"&gt;#&lt;/a&gt;&lt;/span&gt;
 &lt;/h3&gt;&lt;h2 class="heading" id="characteristics-of-management"&gt;
  Characteristics of Management&lt;span class="heading__anchor"&gt; &lt;a href="#characteristics-of-management"&gt;#&lt;/a&gt;&lt;/span&gt;