Abdul Wali Khan University - AWKUM
Abdul Wali Khan University - AWKUM
Abdul Wali Khan University - AWKUM
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COURSE TITLE: INTRODUCTION TO ECONOMICS<br />
COURSE CODE: ECON-101<br />
CREDIT HOURS: 03<br />
Course Objective: To give knowledge about the economic principles and its implication<br />
to the<br />
Modern Society and the subject also provides knowledge about the theoretical concepts<br />
involved<br />
in common Economic phenomenon‟s.<br />
Course Contents:<br />
Introduction:<br />
� Meaning and Definition of Economic<br />
� Adam Smith, Marshall and Robbins Explanation of Economic and Criticism on it.<br />
� Nature, Scope, and Subject matter of Economic<br />
� History of Economic<br />
� Importance of Economic<br />
� Branches or Classification of Economic<br />
The Theory of Demand:<br />
� Introduction and Definition of Demand<br />
� Demand and Law of Demand<br />
� Changes in Demand Curve<br />
� Practical importance of Law of Demand<br />
� Elasticity of Demand<br />
The Theory of Supply:<br />
� Introduction and Definition of Supply<br />
� Supply and Law of Supply<br />
� Changes in Supply Curve<br />
Theory of Production:<br />
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