Ten principles of understanding economics with Examples from your own experience (not from the book), Causality versus Correlation, Demand law, Supply Law, Market Equilibrium, Price Floor, Price Ceiling, Shift versus movement of supply, Elasticity, Various types of Elasticity, Consumer Surplus, Producer Surplus, Tax on Buyers and Sellers.

Write an assignment focusing on the following topics:-

 Use appropriate graphs where necessary. Write in your own word.