| Catalog Content |
Definition and Scope; Economic Units and Sources of Economy; Three Basic Principles and Scope of Economy; Basic Concepts: Need, Good and service, Benefit, Economic value, Scarcity, Production, Factors of production, Consumption, Saving, Investment, Division of labor, Opportunity cost, Efficiency, Productivity, Profitability; Main Problems: Famine, Economics and solution of famine problem; Basic Problems in Economies; Demand Analysis: Demand law and factors affecting demand, Flexibility and its areas of usage; Supply Analysis: Law of supply, Supply function, Elasticities and its areas of usage; Consumer and Producer Theory: Consumer, Producer balance, Cost analysis. |
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