Economics

Introduction to Economic Activities, Economic Goods, Unlimited wants and limited resources, The Problem of Scarcity and Choice, The Concept of an Economy, The Classification Economy

Introduction, Basic Problems of an Economy- What to Produce? How to Produce? Form Whom to Produce? Other Problems of an economy

Organization of Economic Activities, Centrally Planned Economy or Socialist Economy, Market Economy or Capitalist Economy, Mixed Economy

Introduction, Utility Analysis, Meaning of Utility, Cardinal Utility Approach, Ordinal Utility Approach

The Law of Diminishing Marginal Utility, Assumptions of the Law, Relationship between Total Utility and Marginal Utility. Exceptions or Limitations of Diminishing Marginal Utility. Importance of Law of Diminishing Marginal Utility

Concept of Consumer Behavior. Budget Line, Budget Set, The properties of Budget Line, Slope of the Budget Line, Shift in Budget Line

Introduction, Concept of Production Function, Concept of Iso-qunats or Iso-product curve, Marginal Rate of Technical Substitution

Concept of Total Product, Concept of Average Product, Concept of Marginal Product, Relationship between Marginal Product and Average Product, Short run and long run analysis of production

Introduction, Law of Variable Proportion, Assumptions of Law of Variable Proportion, Three Stages of Law of Variable Proportion

Diagram of Law of Variable Proportions, Causes for the Law of Increasing Returns, Causes for the Law of Diminishing Returns, Causes for the Law of Negative Returns, Importance of Law of Variable Proportions

Long run production analysis, Laws of Returns to Scale, Stages of Returns to Scale- Increasing Returns to Scale, Constant Returns to Scale, Decreasing Returns to Scale, Why the laws of returns to scale operate?

Concept of Cost, Fixed Cost, Total Variable Cost, Total Cost

2nd PUC Economics- Properties or Technical Attributes of Consumption Function- Marginal Propensity to Consume (MPC), Average Propensity to Consume (APC), Importance of Consumption Function, Determinants of Consumption Function- Subjective Factors, Objective Factors, Measures to Raise Propensity to Consume

2nd PUC Economics-Introduction, Budget, Types of Budget

Meaning of Market, Firm and Industry, Meaning of Perfect Competition, Characteristic of Perfect Competition, Demand Curve in Perfect Competition, Supply and Demand in Perfect Competition

Revenue, Total Revenue, Average Revenue, Marginal Revenue, The Relationship between Total Revenue, Average Revenue and Marginal Revenue under Perfect Competition, Equilibrium under Perfect Competition

Introduction about monopoly, Monopoly market features, Concepts of Average Revenue and Marginal Revenue under Monopoly, Short run Equilibrium of Monopoly Firm- Firm earning super normal profits, Firm earning Loss, Firm earning Normal Profits

Long run Equilibrium of Firm under Monopoly, Monopolistic Competition- Meaning, Features, Short- run equilibrium

The concept of Macroeconomics, Emergence of Macro Economics, Nature and Scope of Macro Economics

Limitations of Macro-economics, Difference between Micro and Macro- Economics