| 1. Week |
Basic concepts, scarcity and choice, rational behavior, opportunity cost and monetary cost |
Preparation, After Class Study, Research, Other Activities
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| 2. Week |
Production possibilities frontier, marginal cost- marginal benefit, Subsititution and incentive, basic problem of economicson |
Preparation, After Class Study, Research, Other Activities
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| 3. Week |
Consumer behavior and utility, total and marginal utility, consumer benefit maximization, Individual demand curve |
Preparation, After Class Study, Research, Other Activities
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| 4. Week |
Value paradox, Time series graph, Pie chart, Slope, Calculating the slope of a line |
Preparation, After Class Study, Research, Other Activities
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| 5. Week |
Demand, Law of demand, Demand table and curve, shifts in demand |
Preparation, After Class Study, Research, Other Activities
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| 6. Week |
market demand curve, supply, variables determining supply, shifts in the supply curve |
Preparation, After Class Study, Research, Other Activities
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| 7. Week |
Market supply curve, Market equilibrium, Changes in market equilibrium |
Preparation, After Class Study, Research, Other Activities
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| 8. Week |
Elasticity, Price elasticity of demand, Importance of elasticity, Price elasticity of supply |
Preparation, After Class Study, Research, Other Activities
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| 9. Week |
Price elasticity of supply |
Preparation, After Class Study, Research, Other Activities
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| 10. Week |
Production, Production function, Short run production, Law of diminishing returns |
Preparation, After Class Study, Research, Other Activities
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| 11. Week |
Long-term production, cost, opportunity cost, short-term costs |
Preparation, After Class Study, Research, Other Activities
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| 12. Week |
Optimum capacity, Long-term costs, Economy of scale |
Preparation, After Class Study, Research, Other Activities
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| 13. Week |
Characteristics of perfect competition market, short and long run equilibrium in perfect competition, perfect competition and efficiency |
Preparation, After Class Study, Research, Other Activities
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| 14. Week |
Imperfect competition market, features of monopoly market, Features of oligopoly market, Features of monopolistic competition market, Short and long term equilibrium in monopoly, Imperfect competition markets and efficiency |
Preparation, After Class Study, Research, Other Activities
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