Chapter 1
         What Is Economics All About
         I. Where Did Economics Come From?
         II . What Is the Purpose of the Study of Economics?
         III Subject Matter of Economics
         IV. Definition of Economics
         V . Macroeconomics and Microeconomics
         and Their Goals
         VI. The Classification of the Questions Western
         Economics Deals with
         VII Positive and Normative Economics
         Chapter 2
         Demand and Supply
         1. Individual Demand
         2 Market Demand
         II. Supply
         1. Individual Supply
         2. Market Supply
         III.The Interaction of Supply and Demand
         1. The Market Equilibrium
         2. Formation of Equilibrium Price
         3. Excess Quantity Demanded or Shortages
         4. Excess Quantity Supplied or Surplus
         5. The Effects of Changes in Demand and Supply
         on Equilibrium
         IV. Restraining the Market Mechanism: Price Ceilings
         and Price Floors
         Chapter 3
         Elasticity
         1 . Definition of Elasticity
         II. Elasticity of Demand
         1. Price Elasticity of Demand
         2. Unit Elasticity
         3. Determinants of Elasticity of Demand
         4. Elasticity of Demand and Total Revenue
         of Sellers
         5 Calculating Elasticity of Demand
         6. Income Elasticity of Demand
         7. Cross-elasticity of Demand
         8. Substitutes, Complements and
         Non-related goods
         III. Elasticity of Supply
         1. Totally Inelastic Supply
         2. Totally Elastic Supply
         3. Unit Elastic Supply
         4. Inelastic Supply
         5 Elastic Supply
         Chapter 4
         The Theory of Consumer Behaviour
         I . Marginal Utility Analysis
         1. Consumers
         2. Wants and Utility
         3. Consumer Equilibrium
         II.Indifference Curve Analysis
         1.The Indifference Curve
         2.Assumptions about Preferences
         3 Characteristics of the Indifference Curves
         III. Budget Line
         1. Properties of a Budget Line
         2.Consumer Equilibrium
         IV. Indifference Curves and Consumer
         Demand Curve
         1. Income-consumption Line
         2. Price-consumption Line
         3 Price-consumption Line and Demand Curve
         V . Substitution and Income Effects
         1 Substitution and Income Effects from
         a Fall in Price
         2 Substitution and Income Effects from
         a Rise in Price
         3. Substitution and Income Effects for
         Inferior Goods
         4. Substitution and Income Effects for
         Giffen Goods
         I. Different Forms of Firms
         1. Sole Proprietorship
         2. Partnership
         3. Corporations
         II . Production and its Basic Rules
         1. Production Functions
         2. Technological Coefficient
         3. Production with One Variable Input
         4. Economies of Scale
         III Cost and Revenue Analysis
         1. Cost Analysis
         2.Revenue Analysis
         IV. The Optimum Combination of Production
         Resources
         1. Isoquants
         2.Characteristics of Isoquant
         3.Iso-cost
         I . The Goods Market and Factor Market
         II . Three Co-ordination Tasks in the Economy
         III. The Concept of Efficient Resource Allocation
         1. Efficiency in Output Selection
         2. Efficiency in Production Planning
         3. Efficiency in Distribution of Commodities
         4. How the Invisible Hand is at Work
         Chapter 7
         The Concept of Market Structure
         I. Perfect Competition
         1. The Rule of Revenues of a Firm under
         Perfect Competition
         2. Equilibrium of the Competitive Firm
         II. Monopoly
         1. Causes of Monopoly
         2. Natural Monopoly
         3. The Rule of Revenue under Monopoly
         4.Firm's Equilibrium under Monopoly
         III. Monopolistic Competition
         1. Conditions for Monopolistic Competition
         2. Equilibrium under Monopolistic Competition
         IV. Oligopoly
         1. Oligopoly Theory
         2. Oligopoly Cost and Demand
         3.The Kinked Demand Curve
         V . Efficiency Comparison of Different Markets
         Chapter 8
         Distribution Theory
         I . Distribution Theory Based on Marginal
         Productivity
         1. Marginal Productivity
         2. Marginal Physical Product
         3. Marginal Revenue Product
         4. The Marginal Productivity Theory of
         Distribution
         II . Distribution Theory Based on Price Equilibrium
         1. The Equilibrium Price Theory of Distribution 1
         2. The Demand and Supply of Production
         Resources
         3. Determinants of the Equilibrium'Wage Rate
         4. Marginal Efficiency of Capital and
         Determination of the Interest Rate
         5. Determinants of Equilibrium of Land Rent
         III. Profit Theory
         1. Innovation
         2. Risk Bearing
         3 Monopoly Profits
         IV. Lorenz Curve
         Summary
         I . What Is Economics All About?
         II . Demand and Supply
         III. Elasticity
         IV. The Theory of Consumer Behaviour
         V . Production Theory
         VI . Price System
         VII. The Concept of Market Structure
         VIII. Distribution Theory
         BIBLIOGRAPHY
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