3 Review(s)

1. The Definition of Economics 2. Scope of Economics & Its Nature (Positive vs Normative Science) 3. Economic Laws & Their Nature 4. Basic Concepts: Equilibrium Utility Elasticity and Com-petition 5. Utility Analysis (Cardinal Utility Analysis) 6. Indifference Curve & Consumer’s Equilibrium Ordinal Utility Analysis-I 7. Income Effect Substitution Effect & Price Effect (Ordinal Utility Analysis-II) 8. Revealed Preference Theory 9. Consumer’s Surplus 10. Demand and Law of Demand 11. Elasticity of Demand & Its Measurement 12. Production of Factors of Production 13. Production Function 14. Law of Return (Law of Variable Proportions) 15. ISO-Product Curve & Its Characteristics 16 . Production Decision: Optimum Cost Combination 17. Returns to Scale 18. Cost Analysis 19. Representative and Optimum Firm 20. Market: Concept and Various Types 21. Concept of Revenue 22. Equilibrium of Firm: Concept and Conditions 23. Perfect Competition (Price Determination & Equilibrium of Firm in Perfect Competition) 24. Monopoly and price Discrimination 25. Monopolistic Competition 26. Economic Systems (Capitalism Socialism and Mixed Economy) 27. Problems of Allocation of Resources (Control Problems of an Economy) 28. Welfare Economics: Concept Measurement Old and New Welfare Economics and National Income 29. Theories of Distribution 30. Rent 31. Wages 32. Interest 33. Profit 34. Variables Constant and Functions 35. Equations and Identity 36. Straight Line: Slope of a Line 37. Differentiation.