Topics covered:

1) Decomposition of PE into SE and IE for normal, inferior and giffen goods
2) limitations of IC analysis 
3) Theory Of Supply:

a) Short run costs theory and curves
b) Long run costs theory and curves
c) Revenue under perfect and imperfect markets 
d) Profit maximisation- Totals and marginals approach
e) Economic versus accounting profit
f)The Concepts & Rules Regarding The Shut Down Point