l   Microeconomics

ü   Economic Issues

ü   Supply and Demand Analysis

ü   Price elasticity of supply & demand, equilibrium price

ü   Consumer preferences, income and substitution effects, marginal utility analysis

ü   Factors of production, law of diminishing returns and economies of scale, cost of production, average cost, marginal cost, costs in short and long term, cost minimization and profit maximization, production decision

ü   Different types of markets : perfect competition, monopoly, monopolistic and oligopoly competition, regulation and competition

ü   Factors Market, marginal productivity and marginal revenue, labor market, technological change and imperfect information

l   Macroeconomics

ü   Public Sector and government role

ü   Aggregate demand and supply analysis

ü   Circular flow of income

ü   Money

ü   Banking system and credit

ü   Monetary theory and policy

ü   International trade

ü   Balance of payment

ü   Exchange rate