Course Code: UE-17161 Topics
Introduction to Economics
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01
Nature and Scope of Economics02
The Subject Matter of Economics03
Theory of Consumer Behavior04
Cardinal Approach05
Ordinal Approach06
Theory of Demand07
Theory of Supply08
Determination of a Value of a Commodity09
Analysis of Market Mechanism10
Determinants of Market Forces11
Demand Supply Equations12
Elasticity of Demand13
Elasticity of Supply14
Cost of Production15
Sunk Cost16
Explicit & Implicit Cost17
Total Opportunity Cost18
Total Fixed Cost19
Numerical Cost Analysis20
Total Variable Cost21
Total Cost22
Average Total Cost23
Average Variable Cost24
Average Fixed Cost25
Marginal Cost26
Types of Markets27
Perfect Competition28
Firm Equilibrium under Perfect Competition29
Profit and Loss Determination under Perfect Competition30
Firm Equilibrium under Long Run31
Monopoly32
Oligopoly33
Monopolistic Competition34
Revenue Curves35
Average Revenue36
Marginal Revenue37
Total Revenue38
Factor Market Analysis39
Distribution of Income and Wealth40
Rent Determination41
Supply of Labor42
The Circular Flow of Income and Product43
Society’s Technological Possibilities44
Three Basic Economic Problems45
The Economic Role of Government46
National Accounting47
National Income Measurement48
GDP, Income, and Growth49
Money and Finance50
Concepts of Open Economy51
AD and AS Model52
Business Cycle53
Central Bank – Monetary Policy54
Federal Budget55
Role of Government – Fiscal Policy56
Current Budget and Government Policies Discussion57
Inflation and Causes of Inflation58
Unemployment and Causes of Unemployment59
Investment Choices – Risk and Return60
International Trade – Exchange Rate61
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