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Showing posts from February, 2012Show all
01: The Nature of the Economic Problem Unit 01

01: The Nature of the Economic Problem

02: The Factors of Production Unit 02

02: The Factors of Production

03: The Opportunity Cost Unit 03

03: The Opportunity Cost

04: Opportunity Cost of Economic Actions Unit 04

04: Opportunity Cost of Economic Actions

05: Specialization and the Need for Exchange Unit 05

05: Specialization and the Need for Exchange

06: Allocation of Resources in Different Economic Systems Unit 06

06: Allocation of Resources in Different Economic Systems

07: Evaluation of the Relative Merits of Different Economic Systems and their Effectiveness Unit 07

07: Evaluation of the Relative Merits of Different Economic Systems and their Effectiveness

08: Types of Business Organization in the Private and Public Sectors Unit 08

08: Types of Business Organization in the Private and Public Sectors

09: Effects of Changes in Structure of Business Organizations Unit 09

09: Effects of Changes in Structure of Business Organizations

10: Trade Unions and their Role in the Economy Wages

10: Trade Unions and their Role in the Economy

11: Functions of Central Banks, Stock Exchanges, and Commercial Banks Unit 11

11: Functions of Central Banks, Stock Exchanges, and Commercial Banks

12: The Principle of Equilibrium Price Unit 12

12: The Principle of Equilibrium Price

13: Causes of Changes in Demand and Supply and their Effects Unit 13

13: Causes of Changes in Demand and Supply and their Effects

14: Price Elasticity of Demand (PED) and Supply (PES) with Simple Calculations Unit 14

14: Price Elasticity of Demand (PED) and Supply (PES) with Simple Calculations

15: Usefulness of PED and PES in Particular Situations Unit 15

15: Usefulness of PED and PES in Particular Situations

16: The Purpose and Methods of Advertising Unit 16

16: The Purpose and Methods of Advertising

17: Pricing and Output Policies in Perfect Competition and Monopoly Unit 17

17: Pricing and Output Policies in Perfect Competition and Monopoly

In Perfect Competition: Prices are determined by the market forces of demand and supply. All firms are price takers. Demand Curve is perfectly elastic. Average Revenue (AR) and Marginal R…

18: Factors Affecting an Individual’s Choice of Occupations Unit 18

18: Factors Affecting an Individual’s Choice of Occupations

19: Changes in Earnings over Time between Occupations and Between Economic Sectors Wage Rate

19: Changes in Earnings over Time between Occupations and Between Economic Sectors

20: Differences in Earnings between Occupational Groups and Different Economic Sectors Wage Differentials

20: Differences in Earnings between Occupational Groups and Different Economic Sectors

21: Different Motives for Spending, Saving and Borrowing Unit 21

21: Different Motives for Spending, Saving and Borrowing

Kids Products Clothing Footwear Baby Care Toys/Games School Supplies

22: Reasons for Different Expenditure Patterns of Different Income Groups Unit 22

22: Reasons for Different Expenditure Patterns of Different Income Groups

23: Profit Maximization as a Goal Unit 23

23: Profit Maximization as a Goal

24: Integration, Economies and Diseconomies of Scale Unit 24

24: Integration, Economies and Diseconomies of Scale

25: Total Cost, Average Cost, Fixed Cost and Variable Cost Variable Cost

25: Total Cost, Average Cost, Fixed Cost and Variable Cost

26: Effects of Changes in Average Cost and Effects of Substituting One Factor for Another Unit 26

26: Effects of Changes in Average Cost and Effects of Substituting One Factor for Another

27: Total Revenue and Average Revenue Unit 27

27: Total Revenue and Average Revenue

28: The Government as a Producer of Goods and Services and as an Employer Unit 28

28: The Government as a Producer of Goods and Services and as an Employer

29: Aims of Government Policy Unit 29

29: Aims of Government Policy

30: Types of Taxation Unit 30

30: Types of Taxation

31: Reasons for Government’s Influence on Private Producers Ways

31: Reasons for Government’s Influence on Private Producers

32: Possible Conflicts between Government Aims Unit 32

32: Possible Conflicts between Government Aims

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33: The Impact and Incidence of Taxation Unit 33

33: The Impact and Incidence of Taxation