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Course Outline-Micro Economics-Handout

Exercises, Micro Economics

Post: July 20th, 2012
Description
This handout is outline for Micro Economics course. It was given by Prof. Sona Grover at Gautam Buddha University. It includes: Economic, Science, Resources, Scarcity, Production, Frontier, Command, Market, Islamic, Prices, Resource, Allocation
This handout is outline for Micro Economics course. It was given by Prof. Sona Grover at Gautam Buddha University. It includes: Economic, Science, Resources, Scarcity, Production, Frontier, Command, Market, Islamic, Prices, Resource, Allocation
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Contents
MICRO ECONOMICS COURSE OUTLINES (BBA–131) Unit 1: Nature of Economics and Basic Economic Concepts  Economic: Micro and Macro Economics  Positive and Normative Economics  Is Economics Science or an Art?  Basic Economic Concepts:  Resources and its scarcity  Scarcity and Choice  Opportunity Cost and its uses  Production Possibility Frontier  Law of increasing cost or diminishing return  The concept economic efficiency and growth Unit 2: Types of Economies  Command Economy  Market Economy  Mixed Economy  Islamic Economic System  Prices System and Resource Allocation Unit 3: The Theory of Demand and Supply  Utility Analysis  Consumer Behavior  Cardinal and Ordinal Utility  Marginal Utility  Law of Diminishing Marginal Utility  Law of Equi-marginal Utility  Limitations of this Law  Utility and Demand  Meaning of Demand  Types of Demand  Law of Demand  Limitations of Law of Demand  Derivation of Individual ..

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