Principles of Economics II

RD 103: Principles of Economics II (1.5 Credits: 30Hrs Lect, 30 Hrs Sem, 0 Hr. Pract.)

Prerequisite: RD 102: Principles of Economics I

Content:
Organization and Financing of Business Firm, Theory of Production, Theory of Costs Profit Maximization, Market and Market structures, government  intervention in market, Wage Determination under perfect and imperfect competitions, the effect of trade Unions; Rent, Interest and Profits.

Learning Outcome:
Students upon successful completion of the course will be able to:

  •  understand concepts of production and theories  of the firm
  • describe market structure and government intervention in market
  • analyze outcome associated with government intervention in pricing.
  • apply principles of economics to evaluate the efficiency of competitive market outcomes relative to alternative market arrangements.
  • perform production and market analysis