1 | Meeting with students, informing them about the course, learning the expectations of the students from the course and orientation. |
2 | Definition and Scope of Economy |
3 | Basic Problems of Economy, Resource Scarcity Problem And Solution, Types of Goods and Services, Consumer Types, Resource Allocation Efficiency in Production in the event of distribution. |
4 | Scarcity Problem Solution Efficiency of the Different Economic Systems, Free Market Economy System, Socialist System, Hybrid System |
5 | Alternative cost, production possibilities curve, the marginal rate of transformation, complete and incomplete Specialization. |
6 | Price Theory, Demand Function, demand schedule, demand curve, the Required Amount of Change, Change of Demand, Law of Demand, |
7 | Normal goods, Cheap goods, Giffen goods. Supply Function, Supply Act, Supply Curve, Change of the quantity supplied, the supply of the change. |
8 | Midterm |
9 | Partial Equilibrium Analysis, Static Analysis, Comparative Static Analysis, Dynamic Analysis, Equilibrium Price Level, Market Equilibrium. |
10 | State of the Market Equilibrium Response, Direct Response, Indirect Intervention, |
11 | Consumer Surplus, Producer Surplus, the Slope And Flexibility, Elasticity of Demand, Supply Elasticity, Cross Elasticity, Elasticity and Total Expenditure, |
12 | Consumer Theory, Optimal Consumption and Consumer Equilibrium Level, Cardinal Utility Approach, Ordinal Utility Approach, Diminishing Marginal Utility, Law of Gossen, |
13 | Value Paradox, Indifference Curves, marginal rate of substitution, Budget Line |
14 | Production Theory, Production Process, Production Function, Technology, Law of Diminishing Returns Short Term And Long Term and economies of scale, isoquant curves, the company and return to Scale Expansion Path |