Overview of the basic topics.
- trade offs.
- cost in economics.
- human behavior.
- non price determinants of supply.
- demand estimating and forecasting.
- elasticity.
- understanding consumer behavior.
- the product function.
- utility.
- indifference curve.
- income and substitution effect.
- cost analysis
- economics of scope.
- price determination.
It was quite difficult for me to come back to the basics again after having experience . The style of learning is quite different for me now. At first the topics were going like a projectile but now its quite easy to relate with practical aspects of life. Thanks to Sir for making it easy for me. Hope i will be able to use these ideas for the end term.
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