1. Managerial (Business) Economics : Nature, Scope and Business Decision Making 2. Basic Concepts : Scarcity, Opportunity Cost, Margin and Trade Offs 3. Micro and Macro Economics 4. Price System as an Economic Mechanism 5. Demand Analysis : Law of Demand 6. Supply Analysis : Law of Supply 7. Market Equilibrium or Equilibrium Price 8. Elasticity of Demand and its Applications 9. Consumer’s and Producer’s Surplus 10. Interference with Price Mechanism 11. The Production Function and Law of Variable Pro-portions 12. Production ISO-Quants Curve, Production Optimization and Expansion Path 13. Returns to Scale 14. Theory of Production Costs 15. The Concept of Revenue 16. Economies of Scale 17. Cost Reduction Strategies 18. Goal of the Firm 19. Perfect Competition : Concept, Features, Price Determi-nation and Equilibrium of Firm and Industry 20. Monopoly and Price Discrimination 21. Monopolistic Competition 22. Oligopoly and Duopoly 23. Theory of Distribution 24. Rent 25. Interest 26. Profit 27. Economic System : Capitalism, Socialism and Mixed Economy.