LESSON PLAN FOR INTRODUCTION TO

ECONOMICS(MBA,MSA/F,M.COM).
CHAPTER 1:Basic Economic Problems.
LECTURE 1:Four basic questions,How central problems are solved,Efficient use of resources(marginal
cost and marginal benefit),Postive and Normative Economics,Reservation price,no free-lunch
principal,opertunity cost,production possibility frontier.

CHAPTER 2:Demand Analysis.

LECTURE 2:Law of Demand,Movement and Shifting of Demand curve,factors effecting.

LECTURE 3:Elasticities of demand and its measurement of price ,Income elasticity.

LECTURE 4:point and arc elasticities ,measurement of cross pice elasticity.

CHAPTER 3:Analysis Of Supply.

LECTURE 5:importance and use of elasticities,law of supply ,Movement andShifting of supply ,factors
effecting supply.

LECTURE 6:Elasticity of supply ,Measurement of supply,kinds of supply.

LECTURE 7:REVISION.

CHAPTER 4:Market Equilibrium.

LECTURE 8:Market equilibrium and dynamics,effects and changes in market equilibrium.

CHAPTER 5:Theory Of Consumer Behaviour.

LECTURE 9:Utility and is types and characteristics,law of diminishing marginal utility,law of equi-marginal
utility.

LECTURE 10:EQUILIBRIUM Under Cardinal Approach,Indifference curve and its properties.

LECTURE 11:Buget line its shifting and rotation ,equilibrium under ordinal approach.price and income
effect on consumer equilibrium
CHAPTER 6:Theory 0f Production.
LECTURE 12:Production with one variable and two variable inputs,Law of diminishing returns,iso-quant
curve and its properties,economies of scope and scale.

CHAPTER 7:COST and Revenue.

Lecture 13:Measuring short run and long run cost,revenue analysis under perfect and imperfect
completion,relationship between AR,MR,TR Aand Demand elasticity.

CHAPTER 8:National income Accounting.

Lecture 14:concepts of national income,gross domestic product measurement.

CHAPTER 9:Determinants Of National Income.

Lecture 15:consumption and its types,investment and its types ,saving and its type,Keynesian
phychological law of consumption,marginal efficiency of capital.