Economics One (Micro)

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Introduction to Economics 5 Topics

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Basic Definitions

Allocative Mechanism

Branches of Economics

Economic Concepts

Production Possibility Curve

Tools & Method of Economic Analysis 6 Topics

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Introduction & Basic Mathematical Concepts

Functions

Inductive & Deductive Methods

Positive & Normative Economics

Measures of Central Tendency

Measure of Dispersion

Theory of Demand & Supply 7 Topics

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The Theory of Demand

Determinant of Demand

The Theory of Supply

Determinant of Supply

Price Determination

Price Mechanism

Equilibrium of Demand & Supply

Concept of Elasticity 4 Topics

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Elasticity of Supply

Elasticity of Demand & Price

Income Elasticity of Demand

Cross Elasticity of Demand

Theory of Consumer Behavior 3 Topics

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Introduction to Utility Theory

Indifference Curve Theory

Basic Concepts of Utility

Theory of Firm 7 Topics

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Firms & Production Function

Production Analysis in Short-Run

Factors of Production & Their Rewards 6 Topics

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Production & Classification

Factors of Production

Division of Labor & Specialization

Mobility of Labor

Concept of Economics

Collective Bargaining

Circular Flow of Income 1 Topic

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Circular Flow of Income

Course Content

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