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Principles of Economics (ECON 5112)
Week#5:Production Theory (Laws of return & Law of Variable Proportion)
Week#5:Production Theory (Laws of return & Law of Variable Proportion)
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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