| Catalog Content |
Basic Concepts of Economics: Needs, Goods and Services, Utility, Value, Production, Factors of Production, Consumption, Division of Labor and Productivity; Major Problems of Every Economy: Scarcity, Economics and the Solution to the Scarcity Problem; Fundamental Problems in Economies; Concepts of Supply and Demand: Demand, Supply and Market Equilibrium; Elasticities of Supply and Demand; Consumer and Producer Theory: Consumer equilibrium analysis; Producer equilibrium and cost analysis; Short and Long-Term Production Models: Production and costs in the short run, Production and costs in the long run; Types of Markets in Economics: Perfect competition market, Monopoly |
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