BE EXAM TOPIC

THEORY OF DEMAND

Definition of demand & demand curve
Determinants and changes in demand

THEORY OF SUPPLY

Definition and curve
Determinants and changes

MARKET EQUILIBRIUM

Diagrammatic display of changes in market equilibrium
Effects of government intervention

THEORY OF PRODUCTION

Cost of production and cost curves
Economies/Dis economies of scale

MARKET STRUCTURES

Characteristics
Short run & Long run profit/loss & curve
Additional features such as cartel and price discrimination
Benefits/disadvantages to firms/consumers

BASIC MACROECONOMICS

Circular Flow of Income
GDP definitin, measurements, uses

ECONOMICS GROWTH

source of economics growth
Benefits/ cost of growth
Present Vs Future Growth

UNEMPLOYMENT

Definition, measurement and types of unemployment
Relationship of unemployment to growth and vice versa.
Short/long term unemployment and its effects