Module 7: Budget, Budget line, Sunk cost, Opportunity cost. Module 8: Rational decision, Self-interests, Net benefit, Marginal benefit, Marginal cost. Module 9: Behavioral economic... Module 7: Budget, Budget line, Sunk cost, Opportunity cost. Module 8: Rational decision, Self-interests, Net benefit, Marginal benefit, Marginal cost. Module 9: Behavioral economics, Framing, Status quo bias, Sunk cost bias, Impatience, Overconfidence, Worry over fairness. Module 10: Substitution effect, Income effect, Law of demand, Market demand curve, Demand schedule, Demand curve, Quantity demanded. Module 11: Change in quantity demanded, Change in demand, Normal goods, Expectations, Substitutes, Complements, Conspicuous consumption, Taste, Inferior goods, Income. Module 12: Elasticity of demand, Elastic demand, Inelastic demand, Necessity, Unit-elastic demand, Total revenue, Luxury, Close substitute. Module 13: Profit, Quantity supplied, Law of supply, Supply schedule, Supply curve, Market supply curve, Perfect competition, Elasticity of supply. Module 14: Shift of the supply curve, Change in supply vs. change in quantity supplied, Factors that cause the supply curve to shift, Inputs/resource prices, Government tools, Taxes, Regulations, Subsidies, Number of firms, Technological change, Producer expectation. Module 15: Short run, Long run, Marginal product of labor, Diminishing marginal productivity, Law of diminishing returns, Fixed cost, Variable cost, Total cost, Profit maximizing output level, Marginal revenue. Read more