Reasons for

Studying
Economics
Economic Method
The Scope and
Method of Microeconomics
Economic Studies and
Macroeconomics
Problems of
Scarcity
Choice and
Opportunity Cost Land Labour
Scarcity, Choice
Factors of
and Opportunity Capital
Production
Cost
Entrepreneurship
Positive and Positive
Normative
Economics Normative
INTRODUCTION TO

PPC as Limit or Margni

ECONOMICS

PPC show Max Production Achieved with

Production Max Resources Efficiently Utilised
Possibility Table
Production PPC with Negative Slopes (Downward)
Limitations Production
Possibility Curve PPC Shift when Economic Growth Occurs
(PPC)
PPC that convex Upwards

Choice between Capital Goods and

Consumer Goods Determines the Level of
National Economic Growth

What to Produce?
Basic Economic How to Produce?
Questions
To Whom Should
it Produced?
Basic Economic
Questions and Traditional
Economic Systems
Free Market (Free
Circular Flow of Price) System Property Ownership by the Gov
Income and Centrally-planned
Economic Systems Centrally-planned Economy
Expenditure System
Mixed Economy Limited Freedom
System
The Islamic System