Week#4:Demand & Supply and Price Determination, Concept of Elasticity
Course Material
- Week#1:Definition of Economics (According to different school of thoughts)
- Week # 2: Economic systems, basic functions of an economic system
- Week#3:Theory of the Consumer behavior (Cardinal & Ordinal approach)
- Week#4:Demand & Supply and Price Determination, Concept of Elasticity
- Week#5:Production Theory (Laws of return & Law of Variable Proportion)
- Week#6:Theory of Cost ( Traditional theory)
- Week#7-8:Market Structure ( Short-Run & Long-Run Equilibrium of a firm) Monopoly & Perfect Competition
- Week # 9: Mid-Term Examination
- Week#10: National Income
- Week#11:Consumption and saving
- Week#12:Investment and its types.
- Week#13: Concept of Aggregate Demand & Supply and their equilibrium
- Week#14: Monetary and Fiscal Policies
- Week#15: Inflation and Unemployment
- Week#16:Balance of Payment (BOP) problems and remedies.
- Week#17:Public Finance: Taxation, Debt and Expenditure
- Week # 18: Final Term Examination
- Chapters 17
- Department Economics
- Teacher
Dr. Mahmood ul Hasan
