1. Microeconomic Concepts and Costs: Factors of production, total and average costs calculation, social benefits formula, and the characteristics of normal goods. 2. Market Structures and Elasticity: Price elasticity of demand and supply calculations, effects of changes in wages on labor markets, and market equilibrium analysis. 3. Business Operations and Growth: Advantages and disadvantages of competition, economies and diseconomies of scale, niche markets, and firm expansion through takeovers. 4. Government Intervention and Regulation: Externalities and taxation, environmental policies like deposit refund schemes, and labor market incentives for skilled professionals. 5. Production and Productivity: Impact of production possibility frontier shifts, division of labor in industries, and changes in supply due to market conditions. 6. Global Trade and Economic Growth: Impact of trade barriers, globalization effects, government policies on employment, and economic development indicators.