O/A Level Economics
O/A Level Economics Outline
Basic Economic Problem
- Scarcity and Choice
- Opportunity Cost
- Factors of Production (Land, Labor, Capital, Entrepreneurship)
- Economic Systems (Market, Command, Mixed)
Demand & Supply
- Law of Demand & Law of Supply
- Determinants of Demand & Supply
- Market Equilibrium (Price and Quantity)
- Shifts in Demand and Supply Curves
- Price Elasticity of Demand (PED) & Price Elasticity of Supply (PES)
Production & Costs
- Factors of Production & Productivity
- Short-Run and Long-Run Production
- Economies of Scale
- Costs of Production (Fixed, Variable, Total, Marginal, Average Costs)
Market Structures
- Perfect Competition
- Monopoly
- Oligopoly
- Monopolistic Competition
- Price Determination & Market Failure
Government Intervention
- Government Objectives (Full Employment, Price Stability, Economic Growth)
- Taxes, Subsidies, Price Controls (Price Floors & Ceilings)
- Public Goods & Externalities
- Government Spending & National Budget
Microeconomics
Market Demand & Supply Analysis
- Elasticities (Price, Income, Cross)
- Consumer & Producer Surplus
- Market Equilibrium, Disequilibrium & Shifts
- Efficiency in Markets
The Theory of the Firm
- Short-Run vs. Long-Run Production
- Cost Structures & Profit Maximization
- Perfect Competition & Imperfect Competition
- Monopoly & Oligopoly Market Structures
- Game Theory & Collusion
Market Failure
- Externalities (Positive & Negative)
- Public Goods, Common Resources & Merit Goods
- Asymmetric Information
- Government Intervention (Taxes, Subsidies, Regulation)
Development Economics
- Economic Growth vs. Economic Development
- Measuring Development (HDI, Gini Coefficient, etc.)
- Poverty, Inequality & Sustainable Development
- Role of International Organizations (IMF, World Bank, UN)
- Strategies for Development (Aid, Trade, Microfinance, Education)
| Free Seminar Online & Onsite |
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Free Seminar on Feb 3 To 16, 2025
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| Course Start |
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Feb 17, 2025
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