1. Problem of Scarcity and Choice, Production Curve and Opportunity Cost 2. Economic Systems : Capitalism, Socialism and Mixed Economy 3. Demand Analysis : Law of Demand 4. Supply Analysis : Law of Supply 5. Market Equilibrium or Equilibrium Price 6. Applications of Demand and Supply, 7. Price Elasticity of Demand 8. Utility Analysis : Diminishing Utility, Paradox of Value and Consumers Choice 9. Indifference Curve Analysis 10. Production Process and the Behaviour of Profit Maximizing Firms 11. The Production Function and Law of Variable Proportions 12. Returns to Scale 13. Choice of Technology 14. Isoquant Curve Analysis (Isoquant Curve, ISO-Cost Line and Cost Minimising Equilibrium Conditions) 15. Economies of Scale16. Cost in the Short Run and Long Run 17. Revenue and Profit Maximization 18. Perfect Competition : Assumptions, Equilibrium, Minimisation of Losses and Long Run Adjustment 19. Short-Run and Long-Run Industry Supply Curve 20. Allocative Efficiency Under Perfect Competition.