Economics for Business

• Introduction
  • Basic economic issues
  • Introduction to Microeconomics
  • Introduction to Macroeconomics
• Analysis of Demand, Supply, and Market Efficiency
  • Advertisement Elasticity of Demand
  • Concept and Calculation of Income Elasticity of demand
  • Concept of Revenue
  • Cross Elasticity of Demand
  • Demand Function
  • Economic Efficiency
  • Market Equilibrium
  • Price Elasticity of Demand
  • Price Elasticity of Demand in Demand Curve
  • Price Elasticity of Supply
  • Relationship between revenue and price elasticity of demand
  • Supply Function
  • Uses of price elasticity of demand in business decision making
• Production, Cost, and Profit analysis
  • Introduction to Production
  • Law of variable Proportions
  • Optimal Employment of One Variable Input
  • Introduction to Isoquants
• Market Structure and Pricing Practices
  • Concept of Market Structure
  • Perfect Competition
  • Monopoly
  • Monopolistic Competition
  • Oligopoly
  • Goal of the Firm
  • Pricing Practices
  • Wage Differentials
  • Interest Rate Differentials
• Fundamentals of Macroeconomics
  • Concepts of National Accounts
  • Consumption, Saving, and Investment Functions
  • Inflation, Deflation and Business Cycle
  • Introduction to Balance of Payments
  • Introduction to Exchange Rate
  • Introduction to Monetary Policy
  • Introduction to Fiscal policy