Scarcity (K-A)

Resource Allocation and Economic Systems (K-A)

Production possibilities curve (PPC) (K-A)

Comparative advantage and trade (K-A)

Cost-benefit analysis (K-A)

Marginal analysis and consumer choice (K-A)

Introduction to factor markets (K-A)

Changes in factor demand and supply (K-A)

Profit-maximizing behavior in perfectly competitive factor markets (K-A)

Monopsonistic markets (K-A)

Introduction to imperfect competition (K-A)

Monopoly (K-A)

Price discrimination (K-A)

Monopolistic competition (K-A)

Oligopoly and game theory (K-A)

Socially efficient and inefficient market outcomes (K-A)

Externalities (K-A)

Public and private goods (K-A)

The effects of government intervention in different market structures (K-A)

Inequality (K-A)

The production function (K-A)

Short-run production costs (K-A)

Long-run production costs (K-A)

Types of profit (K-A)

Profit maximization (K-A)

Firms Short-run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market (K-A)

Perfect competition (K-A)

Demand (K-A)

Supply (K-A)

Price elasticity of demand (K-A)

Price elasticity of supply (K-A)

Other elasticities (K-A)

Market equilibrium and consumer and producer surplus (K-A)

Disequilibrium and changes in equilibrium (K-A)

The effects of government interventions in markets (K-A)

International trade and public policy (K-A)