Please write contents on the following topics and sub topics. Should be plagiarism-free. Use diagrams and mathematical derivation INTRODUCTION TO ECONOMICS 1.Introduction 2.Definition 3.Branches of economics 4.`Uses of economics 5. Assumptions of economics 6. Goals and their relations ECONOMIC PROBLEMS 1. Fundamental economic problems 2. Effects of economic problems 3. How to solve economic problems. DEMAND AND SUPPLY 1. Market forces of demand and supply 2. Demand curve and demand schedule 3. Increase in demand 4. Decrease in demand 5. Supply curve and supply schedule 6. Increase in supply 7. Decrease in supply 8. Elasticity 9. Applications of elasticity 10. Government policies and how they affect forces of the market MARKETS AND WELFARE 1.Consumers 2.Producers 3.Efficiency of the market BEHAVIOUR OF THE FIRM 1. The cost of production 2. Firms in competitive market 3. Monopoly 4. Monopolistic competition 5. Oligopoly PUBLIC SECTOR ECONOMICS 1. Externalities 2. public goods 3. characteristics of pubic goods 4. advantages and disadvantages of public goods 5. private goods 6. characteristics of private goods 7. advantages and disadvantages of private goods. 8. Factors that causes an increase in supply THE THEORY OF THE FIRM. 1. Production technology 2. Inputs and Outputs 3. Describing technological constraints 4. Cobb Douglas 5. Properties of technology 6. Marginal product 7. The technical rate of substitution 8. Diminishing marginal product 9. Diminishing technical rate of substitution i. The long run and short run 10. Returns to scale 11. Profit maximization i. Short run profit maximization ii. Long run profit maximization iii. Inverse factor demand curves COST MINIMIZATION 1. Introduction 2. Definition 3. The cost minimization problem 4. Solving the cost minimization problem 5. Average marginal and total cost 6. Supply of a competitive firm i. Multiple solution to P=MC ii. The possibility of a boundary solution iii. The inverse supply curve iv. Profit and producer supply v. Supply with constant return to scale MARKETS 1.Competitive markets 2.Monopoly 3.The multi plant monopolist 4.Price discrimination monopolist 5.The impact of taxes on a monopolist 6.Inefficiency of monopoly GENERAL EQUILIBRIUM 1.The edge worth box THEORY OF THE FIRM 1. Introduction 2. Objectives 3. Producer theory of the firm 4. The production function 5. Properties of the production function 6. Types of production function 7. The MRTS vs elasticity of substitute 8. Generalized power function 9. The elasticity of substitution 10. The L hospital rule COST FUNCTION 1. Introduction 2. Objectives 3. The cost function 4. Properties of a cost function 5. Derivation of cost function 6. Duality between production cost function PROFIT FUNCTION 1. Introduction 2. Objectives 3. The profit function 4. Derivation of the profit function CONSUMER THEORY 1.Introduction 2.Objectives 3.Consumer theory behavior i.The concave utility ii.Kuhn Tucker condition 4.The ordinary demand function 5.The compensated demand function 6.The indirect utility function i.Properties of Indirect Utility function 7.The consumer expenditure function i.Properties of expenditure function 8.Relationship between the compensated and the uncompensated demand function 9.Four important identities MARKETS 1. Introduction 2. Objectives 3. Market structure i. The perfect market ii. Monopoly Market iii. Oligopoly iv. Choosing a strategy v. Quantity leadership vi. The followersâ€™ problem vii. The Leaders problem 4.Price leadership 5.Comparing price leadership and quantity leadership SIMULTANEOUS DECISION MAKING 1.Introduction 2.Objectives 3.Simultaneous quantity setting i.Cournot equilibrium ii.Adjustment to equilibrium iii.Many firms in a cournot equilibrium 4.Simultaneous price setting 5.Collusion 6.Comparison of solutions PERFECT COMPETITIVE MARKETS 1.Introduction 2.Objectives 3.Market equilibrium 4.Welfare analysis 5.Case of several consumers and producers 6.Pareto efficiency 7.Efficiency and Welfare

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