1. Definitions, Nature and Scope of Economics 2. Study Methods of Economics 3. Economic Problem : Scarcity and Choice 4. Markets and Competition 5. Economic Systems : Capitalism, Socialism and Mixed Economy 6. Graphic Presentation of Data 7. Demand Analysis 8. Supply Analysis 9. Market Equilibrium or Equilibrium Price 10. Applications of Demand and Supply Curves (Consumer’s Surplus and Producer’s Surplus) 11. Price-Mechanism and Allocations of Resources 12. Elasticity and its Applications 13. Taxes and Costs of Taxations 14. Consumption Decision : Indifference Curve, Budget Line and Change in Income and Price 15. Production Process and the Behaviour of Profit Maximi-zing Firms 16. Price Determination Under Perfect Competition 17. Monopoly : Price Determination, Measurement of Monopoly Power, Monopoly Control and Taxation and Monopoly Regulation 18. Costs in the Short Run and Long Run 19. Imperfect Competition : Price and Output Determination.