Basic Economic Concepts and Resource Allocation - Scarcity and Opportunity Cost, Economic Methodology, Factors of Production, Production Possibility Curves, Classification of Goods and Services

Microeconomy and Market Mechanisms - Demand and Supply, Price Elasticity, Consumer and Producer Surplus, Market Structures, Growth and Survival of Firms

Macroeconomy and Economic Performance - National Income, Circular Flow of Income, Aggregate Demand and Supply, Economic Growth, Unemployment, Price Stability

Government Intervention in Economy - Fiscal Policy, Monetary Policy, Supply-Side Policies, Labour Market Forces, Income and Wealth Redistribution

International Economics and Trade - Reasons for Trade, Protectionism, Balance of Payments, Exchange Rates, Trade Policies and Corrections

Market Failures and Policy Solutions - Externalities, Public and Private Costs, Market Failure, Government Policies for Market Efficiency, Policy Effectiveness Evaluation