Branches of Economics | 1 | Handouts | 1 |

Factors of Production | 1 | Handouts | 1 |

Economic System | 1 | Handouts | 2 |

Rational Choice and Cost-Benefit Analysis | 2 | Handouts | 4 |

Opportunity Cost | 2 | Handouts | 4 |

Production Possibility Frontier | 2 | Handouts | 5 |

Goods Market and Factor Market | 3 | Handouts | 10 |

Shortage and Surplus | 3 | Handouts | 10 |

Law of Supply | 4 | Handouts | 13 |

Equilibrium | 4 | Handouts | 14 |

Role of Government in Price Determination and Equilibrium Analysis | 5 | Handouts | 16 |

Price Elasticity of Demand | 6 | Handouts | 26 |

Elastic and Inelastic Demand | 6 | Handouts | 27 |

Effects of Advertising on Demand Curve | 7 | Handouts | 32 |

Price Elasticity of Supply | 7 | Handouts | 33 |

Income Elasticity of Demand | 8 | Handouts | 34 |

Cross-Price Elasticity of Demand | 8 | Handouts | 35 |

Cardinal and Ordinal Utility Approach | 9 | Handouts | 40 |

Law of Diminishing Marginal Utility | 9 | Handouts | 40 |

Law of Equi-Marginal utility | 9 | Handouts | 41 |

Budget Line | 11 | Handouts | 45 |

Optimum Consumption Point for Consumer | 12 | Handouts | 46 |

Income Consumption Curve | 12 | Handouts | 46 |

The Price Consumption Curve | 12 | Handouts | 47 |

Firm | 13 | Handouts | 53 |

Production Function | 13 | Handouts | 53 |

The Law of Diminishing Marginal Returns | 13 | Handouts | 54 |

Theories of Production | 14 | Handouts | 56 |

The Scale of Production | 14 | Handouts | 56 |

Economies of Scale | 14 | Handouts | 56 |

Optimim Combination of Factors | 14 | Handouts | 57 |

Isoquant | 15 | Handouts | 58 |

Marginal Rate of Technical Substitution | 15 | Handouts | 58 |

Isocost | 15 | Handouts | 59 |

Optimal Combination of Factors | 15 | Handouts | 59 |

Sunk Cost | 15 | Handouts | 59 |

Cost | 16 | Handouts | 60 |

Revenues | 17 | Handouts | 63 |

Profit Maximization | 17 | Handouts | 64 |

Market Structures | 18 | Handouts | 72 |

Perfect Competition | 18 | Handouts | 72 |

Monopoly | 19 | Handouts | 74 |

Price Discrimination | 21 | Handouts | 78 |

Monopolistic Competition | 21 | Handouts | 79 |

Oligopoly | 22 | Handouts | 80 |

Collusive and Non-Collusive Oligopoly | 22 | Handouts | 81 |

Market for Factors of Production | 24 | Handouts | 93 |

The Economics of Information Products | 24 | Handouts | 94 |

Aggregate Demand and aggregate Supply | 25 | Handouts | 103 |

Classical Economics | 25 | Handouts | 103 |

Classical Views about Great Depression | 25 | Handouts | 104 |

Keynesian Views about Great Depression | 25 | Handouts | 104 |

National Income Accounting | 28 | Handouts | 117 |

Methods to Measure GDP | 28 | Handouts | 118 |

National Income Accounting (Continued) | 29 | Handouts | 120 |

Price Deflator | 29 | Handouts | 121 |

Purchasing Power Parity | 29 | Handouts | 122 |

Leakages and Injections | 30 | Handouts | 124 |

Macroeconomic Equilibrium | 30 | Handouts | 125 |

Consumption and Consumption Function | 30 | Handouts | 125 |

The Saving Function | 30 | Handouts | 126 |

Investment and Investment Demand Curve | 31 | Handouts | 128 |

Determination of National Income | 31 | Handouts | 129 |

Multiplier | 31 | Handouts | 130 |

Keynes Paradox of Thrift | 32 | Handouts | 134 |

The Accelerator | 32 | Handouts | 135 |

Unemployment | 33 | Handouts | 142 |

Inflation | 34 | Handouts | 148 |

The Balance of Payments | 35 | Handouts | 152 |

Devaluation and Revaluation | 36 | Handouts | 154 |

Appreciation and Depreciation | 36 | Handouts | 154 |

Equilibrium in Foreign Exchange Market | 36 | Handouts | 155 |

Economic Growth | 38 | Handouts | 161 |