1. Demand Analysis : Determinants and Movements Vs. Shift in Demand Curves 2. Supply Analysis : Determinants and Movement along Supply Curve Vs. Shift in Supply Curve 3. Market Equilibrium and Price Determination 4. Price Elasticity of Demand 5. Elasticity of Supply 6. Applications of Demand and Supply Curves 7. Ordinal Utility Theory : Indifference Curve Analysis or Approach 8. Criticisms of the Law of Demand 9. Firms as Agents of Production 10. Concept of Production Function and Law of Variable Proportion 11. Isoquant Curve Analysis 12. Returns to Scale 13. Economies and Diseconomies of Scale 14. Theory of Costs : Short Period, Long Period and Very Long Period (Technical Change) 15. Market Structure 16. Revenue Curve 17. Theory of Perfect Competition 18. Short-Run and Long-Run Industry Supply Curve 19. Allocative Efficiency Under Perfect Competition 20. Theory of Monopoly Firm 21. Price Discrimination Under Monopoly 22. Theory of Monopolistic Competition and Concept of Excess Capacity and Empirical Relevance 23. Oligopoly 24. Income Distribution and Factor Pricing Determination.