Unit 1 What Is Economics
1.1 An Overview of Economics
1.1.1 Branches of Economics
1.1.2 Core Principles of Economics
1.1.3 Types of Economic Systems
1.2 An Overview of Microeconomics
1.2.1 Key Concepts of Microeconomics
1.2.2 Core Theories of Microeconomics
1.3 An Overview of Macroeconomics
1.3.1 Key Concepts of Macroeconomics
1.3.2 Core Theories of Macroeconomics
1.4 Positive Economics vs Normative Economics
1.4.1 Positive Economics
1.4.2 Normative Economics
Unit 2 An Overview of Traditional Economic Thought in the West and China
2.1 An Overview of Traditional Economic Thought in the West
2.1.1 Economic Thought in Ancient Greece and Rome
2.1.2 Economic Thought in the Middle Ages
2.2 An Overview of Traditional Economic Thought in China
2.2.1 Economic Thought Before the 6th Century
2.2.2 Economic Thought from the 7th to the 14th Century
Unit 3 Demand and Supply
3.1 The Law of Demand and Supply
3.1.1 Definition of Demand
3.1.2 Demand Curve
3.1.3 Definition of Supply
3.1.4 Supply Curve
3.2 Market Equilibrium
3.2.1 Equilibrium and Equilibrium Price
3.2.2 Change of Equilibiun
3.3 Elasticity of Demand and Supply
3.3.1 The Elasticity of Demand
3.3.2 The Elasticity of Supply
Unit 4 Consumption and Production
4.1 Utility and Consumer Surplus
4.1.1 Total Utility and Marginal Utility
4.1.2 Consumer Surplus
4.2 Consumer Behavior Theories
4.2.1 Consumer Equilibrium
4.2.2 Income Effect and Substitution Effect
4.3 Cost, Revenue and Profit
4.3.1 Cost and Producer Surplus
4.3.2 Revenue and Profit
4.4 Producers and Production Theory
4.4.1 Producers and Production Functions
4.4.2 Productivity and Marginal Effects
Unit 5 Market Competition
5.1 Market and Market Structure
5.2 Competition and Monopoly
5.2.1 Perfectly Competitive Market