Micro & Macro Economics

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Microeconomic Theory

• Consumer Theory
• Price Effect – Income & Substitution Effect
• Theories of Cost
• Theory of Production
• Law of Demand & Elasticity of Demand
• Law of Supply
• Market & Determination of Price
  
  • Perfect competition
  • Monopoly
  • Monopolistic Competition
  • Oligopoly

Macroeconomic Theory

• National Income Accounting
• Circular Flow of Economic Activities
• Aggregate Demand & Supply
• Classical Approaches – Economics in Long Run
• Keynesian Approach – Economics in Long Run
• IS-LM
• Inflation & Unemployment, Blanchard

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