Topic outline

  • General

  • 1. Basic Economic Problems

    • 1.1 The subject field of Economics

    • 1.2 Human needs and wants

    • 1.3 Factor productivity

    • 1.4 The central problem of Economics

    • 1.5 The basic economic problems

    • 1.6 Solving basic economic problems

    • 1.7 Classifies economic systems

    • 1.8 Production possibility frontier

    • 1.9 Change of production capacity using PPF

  • 2. Demand,Supply,Elasticity and market equilibrium

    • 2.1 Theory of demand and the law of demand


    • 2.2 Changes of quantity demanded and change in  demand

    • 2.3 Elasticity of demand

    • 2.4 Price elasticity of demand

    • 2.5 Cross price elasticity of demand

    • 2.6 Income elasticity of demand

    • 2.7 Theory of supply and the law of supply

    • 2.8 Change in quantity supplied and change in supply

    • 2.9 Price elasticity of supply

    • 2.10 Analysis the market

    • 2.11 Market equilibrium

    • 2.12 Change in market equilibrium

  • 3. Government intervention to the market

    • 3.1 Analyses the way of intervention by the government to the market

    • 3.2 Analyses government intervention to the free market through a unit tax

    • 3.3 Analyses the distribution of incidence of tax after the unit tax impose on supplier

    • 3.4 The government intervention to the market with providing of a unit subsidy

    • 3.5 The effects of price control and price stabilization on market operations

  • 4. The rational behaviour of production firms within the market

    • 4.1 The behaviour of short term and long term production process of a business firm

    • 4.2 Makes a comparative analysis of basic concepts related to the production process

    • 4.3 The behaviour of cost in the production process

    • 4.4 Basic features of the market structures

    • 4.5 Investigates the short run behaviour of a perfectly competitive firm and industry.

    • 4.6 Describes the behaviour of the factor market.

  • 5.Demonstrates the readiness of preparing the national accounts by preparing the macroeconomic operations.

    • 5.1 Investigates macroeconomic objectives,macroeconomic problems and macroeconomic policies.

    • 5.2 Analyzes different approaches of national income accounting using a circular flow.

    • 5.3 Exhibits preparedness to compile national accounts following the output approach.

    • 5.4 Analyses the related concepts and the estimation of gross domestic product following product approach.

    • 5.5 Investigates the concepts related to the calculation of the gross domestic product using the income approach.

    • 5.7 Investigates the related concepts and the way of calculating Gross Domestic product using expenditure approach.

    • Analyzes the importance of national income accounting and limitations of national income accounting.

  • 6.Analyses the determination of macroeconomic equilibrium.

    • 6.1 Analyses the macroeconomic equilibrium and macroeconomic dis-equilibrium.

    • 6.2 Analyses the components of aggregate expenditure.

    • 6.3 Analyses the macroeconomic equilibrium through different approaches.

    • 6.4 Demonstrates the changes of the macroeconomic equilibrium with the changes of the components of the aggregate demand through the multiplier process.