Monopolistic Competition-video ~ ECONOMY FOR YOU

Chapter 1: INTRODUCTION
Economics Issues

1.1 Definition of economics
1.2 Positive and Normative economy statement
1.3 Basic Economy Concepts
1.4 Basic Economy Problems (Fundamental)
1.5 Factors of Production
1.6 Production Possibility Curve
1.7 economy systems
@ Example of final exam questions

Chapter 2: PRICING THEORIES

2.1 Demand
2.2 Determinant of demand
2.3 Change in demanded and Change in quantity demanded
2.4 Supply
2.5 Determinant of Supply
2.6 Change in Supply and Quantity Supplied
2.7 Price Determination
2.8 Price Regulation
2.9 Elasticity of Demand
@ Example Final exam

Chapter 3 : PRODUCTION

3.1 Definition of Production
3.2 Factors of production
3.3 Short run and Long run period
3.4 Types of Production
3.5 Law of diminishing marginal return
3.6 Cost of Production
3.7 Relationship between MC and AC
3.8 Revenue

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Thursday, 14 June 2012