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