1.Scarcity, Opportunity Cost

•Explore how limited resources and choices create trade-offs, shaping economic decisions through the concept of opportunity cost.

2.Demand

•Learn how consumer behavior influences the demand for goods and services, driving market trends and prices.

3.Supply

•Understand how producers decide the quantity of goods to offer, considering costs, incentives, and market conditions.

4.Equilibrium

•Examine the balance between supply and demand, where markets achieve stable prices and quantities.

5.Market Analysis

•Analyze market trends, data, and economic forces to understand how prices and behaviors evolve over time.

6.Production and Specialisation

•Discover how specialization and efficient production methods increase productivity and drive economic growth.

7.Production Cost

•Study the factors that influence production costs, including labor, materials, and economies of scale.

8.Revenue and Profit

•Learn how businesses generate revenue and calculate profit to make strategic financial decisions.

9.Market Structure and Competition

•Explore different types of market structures, from monopolies to perfect competition, and their impact on businesses.

10.Competitive Market

•Understand the characteristics and benefits of competitive markets, including efficiency and consumer choice.

11.Resource Allocation

•Investigate how resources are distributed in economies and the implications for equity and efficiency.

12.Externalities

•Examine the unintended costs or benefits of economic activities, such as pollution or public health improvements.

13.Market Imperfections

•Learn about the factors that prevent markets from operating efficiently, such as monopolies or information asymmetry.

14.Government Intervention

•Study how governments address market failures through regulations, subsidies, taxes, and other policies.

15.Government Role – Success and Failure Case Study

•Analyze real-world examples of effective and ineffective government actions in managing economies and markets.