1.1 Definition of economics
1.2 Economic concepts
1.3 Production Possibilities Curve (PPC)
1.4 Basic economic problems

THEORY OF DEMAND AND SUPPLY
2.1 Definition of demand, law of demand, individual and market demand
2.2 Determinants of demand
2.3 Exceptional demand - overview
2.4 Change in quantity demanded vs. Change in demand
2.5 Definition of supply, law of supply, individual and market supply
2.6 Determinants of supply
2.7 Exceptional supply - overview (not tested)
2.8 Change in quantity supplied vs. Change in supply

MARKET EQUILIBRIUM AND MARKET APPLICATION
3.1 Determination of equilibrium price and output
3.2 Changes in equilibrium price and quantity
3.3 Government intervention in the market
- Maximum price
- Minimum price

ELASTICITY
4.1 Elasticity of Demand
4.1.1 Price elasticity of demand
4.1.1.1. Definition
4.1.1.2. Measurement and interpretation
4.1.1.3. Degree of price elasticity
4.1.1.4. Determinants of price elasticity of demand
4.1.1.5. Relationship between price elasticity of demand and Total Revenue ? overview (not tested)
4.1.2 Income elasticity of demand
4.1.2.1. Definition
4.1.2.2. Measurement and interpretation
4.1.3 Cross elasticity of demand
4.1.3.1. Definition
4.1.3.2. Measurement and interpretation
4.2 Elasticity of Supply
4.2.1 Definition
4.2.2 Measurement
4.2.3 Degree of price elasticity
4.2.4 Determinants of elasticity of supply

5.1 Short-run and long-run
5.1.1 Definition
5.1.2 Differences
5.2 Law of diminishing marginal returns
5.3 Stages of production
5.3.1 Diagram
5.3.2 Explanation of each stage
5.4 Types of Costs (short-run)
5.4.1 TC,TVC, TFC, AC@ATC, AVC, AFC and MC
5.4.2 Diagram of each cost
5.5 Long run average cost
5.5.1 Economies of scale
5.5.2 Diseconomies of scale

6.1 Profit maximization: Total and marginal approach
6.1.1 Revenue concepts
6.1.2 Total approach
6.1.3 Marginal approach
6.2 Perfect Competition
6.2.1 Characteristics
6.2.2 Short-run equilibrium
6.2.3 Long run equilibrium
6.3 Monopoly
6.3.1 Characteristics
6.3.2 Short-run equilibrium
6.3.3 Long run equilibrium
6.3.4 Price discrimination - overview
6.4 Monopolistic Competition
6.4.1 Characteristics
6.4.2 Short-run equilibrium
6.4.3 Long run equilibrium
6.5 Oligopoly
6.5.1 Characteristics
6.5.2 Kinked demand curve
6.5.3 Short-run equilibrium - overview

7.1 Full employment
7.2 Price stability
7.3 Economic growth
7.4 Equitable income distribution
7.5 Favorable balance of payments







NATIONAL INCOME ACCOUNTING
8.1 The circular flow of income (2 sector)
8.2 National income
8.2.1 Methods of measuring the national income
8.2.1.1 Expenditure and Product approach
8.2.1.2 Income approach
8.2.2 Personal income, disposable income
8.2.3 Nominal and real income, economic growth, per capita income
8.2.4 Uses of national income
8.2.5 Problems in national income accounting

PUBLIC POLICIES
9.1 Fiscal policy
9.1.1 Expansionary
9.1.2 Contractionary
9.1.3 Tools
9.2 Monetary policy
9.2.1 Expansionary
9.2.2 Contractionary
9.2.3 Tools


INFLATION AND UNEMPLOYMENT
10.1 Definition of inflation
10.2 Measuring rate of inflation
10.3 Causes of inflation
10.3.1 Demand-pull inflation
10.3.2 Cost-push inflation
10.4 Effects of inflation
10.5 Measures to control inflation
10.6 Definition of unemployment
10.7 Measuring unemployment rate
10.8 Types of unemployment
10.9 Effects of unemployment
10.10 Measures to reduce unemployment

11.1 Advantages of international trade
11.2 Reasons of protectionism
11.3 Tools to implement protectionism
11.4 Balance of payments ?overview

A1 : This subject is common and easy to understand.