Price Mechanism. Revenue and Elasticity. Consumer C
hoice. Theory of Production. Analysis of Costs.
Market Structures. Factor Market Analysis. Ma
rket Failures and Externalities. National Income
Determination. Consumption, Savings and Investme
nt. Monetary Policy and Theories of Inflation.
Unemployment. Fiscal Policy. IS-LM Model. Internationa
l Trade, Balance of Payments and Exchange Rate
Regimes.