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SYLLABUS
Chapter-1
Introduction to Economics 1.1 Definitions of Economics 1.2 Fundamental Problems of an Economy 1.3 Nature and Scope of Economics 1.4 Micro and Macroeconomics 1.5 Basic Concepts of Economics (Including Positive and Normative Economics)
Chapter-2
Theories of consumer behaviour 2.1 Utility 2.2 Law of Diminishing Marginal Utility 2.3 Law of Equi-Marginal Utility 2.4 Shortcomings of Utility Analysis 2.5 Indifference Curve Analysis : Features of Indifference Curves – Budget Line – Consumer’s Equilibrium with the help of Indifference Curve Analysis
Chapter-3
Demand Analysis Part – A: Theory of Demand 3.1 Meaning of Demand 3.2 Demand Function 3.3 Determinants of Demand 3.4 Types of Demand 3.5 Price Demand – Law of Demand 3.6 Income Demand 3.7 Cross Demand Part – B: Elasticity of Demand 3.8 Elasticity of Demand 3.9 Price Elasticity of Demand 3.10 Income Elasticity of Demand 3.11 Cross Elasticity of Demand
Chapter-4
Production Analysis 4.1 Concept of Production and Factors of Production 4.2 Production Function 4.3 Law of Variable Proportions 4.4 Laws of Returns to Scale 4.5 Economies of Scale 4.6 Supply and Law of Supply 4.7 Cost Analysis 4.8 Revenue Analysis
Chapter-5
Market Analysis 5.1 Markets : Meaning and Classification 5.2 Perfect Competition : Meaning, Characteristics and Price Determination 5.3 Monopoly : Meaning, Characteristics and Price Determination 5.4 Comparison between Perfect Competition and Monopoly 5.5 Monopolistic Competition, Oligopoly and Duopoly : Meaning and Characteristics
Chapter-6
Theories of Distribution 6.1 Distribution of Income 6.2 Marginal Productivity Theory of Distribution 6.3 Concept of Rent and Ricardian Theory of Rent 6.4 Concepts of Wages,Interest and Profits
Chapter-7
National Income analysis 7.1 Definitions of National Income 7.2 Determining Factors of National Income 7.3 Concepts of National Income 7.4 Components of National Income 7.5 Measurement of National Income : Methods, Difficulties and Importance 7.6 Estimation of National Income in India
Chapter-8
Theories of Employment and public finance 8.1 Classical Theory of Employment 8.2 Keynesian Theory of Income and Employment 8.3 Public Finance : Public Revenue, Public Expenditure and Public Debt 8.4 Centre - State Financial Relations 8.5 Budget
Chapter-9
Money, Banking and inflation Part – A : Money 9.1 Money : Concept, Evolution and Types 9.2 Functions of Money 9.3 Components of Money Supply Part – B : Banking 9.4 Banking : Commercial Banks 9.5 Central Bank or Reserve Bank of India : Objectives and Functions Part – C : Inflation 9.6 Inflation : Definitions and Types 9.7 Causes and Effects of Inflation
Chapter-10
Basic Statistics for economics 10.1 Concepts of Statistics 10.2 Nature, Scope and Importance of Statistics for the Study of Economics 10.3 Collection of Data 10.4 Diagrammatic Presentation of Data 10.5 Measures of Central Tendency.
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