CLASS 12: Economics (Micro & Macro) Complete Course Fess

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Micro-Economics Course Contents


S.No.

Contents

I

Introduction to Micro Economics

1.

Introduction

2.

Economic Problem

3.

Meaning and types of Economics

4.

Central Problems of Economy

5.

Opportunity cost and Production Possibility Curve( PPC)

II

Consumer’s Equilibrium

6.

Introduction

7.

Cardinal Utility Approach

8.

Concept of Utility

9.

Law of Diminishing Marginal Utility

10.

Consumer Equilibrium(Single Commodity, Two Commodities)

11.

Ordinal Utility Approach(Indifference curve Analyzed)

12.

Budget Line

13.

Consumer Equilibrium

III

Demand

14

Meaning of Demand

15

Determinants & function of Individual & Market Demand

16

Demand Schedule & curve

17

Law of Demand

18.

Movement along the Demand Curve

19

Shift in Demand Curve

20

Types of Goods

IV

Elasticity of Demand

21

Concept of Elasticity of Demand & Price Elasticity of Demand

22

Methods for measuring price Elasticity of Demand

23

Relationship between Price Elasticity & Total Expenditure

24.

Degrees of Elasticity of Demand

25

Factors affecting Price Elasticity of Demand

V

Production Function

26

Introduction

27.

Short Run & Long Run Production Function

28.

Variable factors & Fixed Factors

29

Concept & Types of Product

30

Returns to a factor ; law of Variable Proportions

31

Law of Diminishing returns

32

Law of Returns to scale

33

Relationship between TP & MP

34

Relationship between AP & MP

VI

Cost

35

Meaning of Cost

36

Short Run costs

37

Average costs

38

Marginal Cost

39

Relationship between Short Run Cost Curves

VII

Revenue

40

Concept of Revenue

41

Relationship between AR & MR (When Price remains Constant)

42

Relationship between TR & MR (When Price remains Constant)

43

Relationship between AR & MR (When Price falls with rise in output)

44

Relationship between TR & MR (When Price falls with rise in output)

45

Break Even Point & Shut-down Point

VIII

Producer’s Equilibrium

46

Introduction & Meaning of Profit

47

Producer’s Equilibrium& Methods for Determination

48

Marginal Revenue-Marginal Cost Approach (MR-MC approach)

49

Producer’s Equilibrium ( When Price Remains constant )

50

Producer’s Equilibrium ( When price falls with the rise in output)

IX

Supply

51

Meaning of Supply

52

Determinants of Individual & Market supply & Supply Function

53

Supply Schedule & Curve

54

Law of Supply

55

Movement along the supply curve

56

Shift in supply curve

X

Price Elasticity of Supply

57

Meaning of price elasticity of supply

58

Methods for measuring price elasticity of supply

59

Kinds of Elasticity of supply

XI

Market Forms

60

Meaning of market

61

Perfect competition

62

Monopoly

63

Monopolistic Competition

64

Oligopoly

65

Price Determination & its applications

XII

Price Determination & its applications

s

Determination of Market Equilibrium under perfect competition

67

Viable & Non-viable Industry

68

Effects of changes in Demand & supply on Market Equilibrium

69

Change in demand

70

Change in supply

71

Change in both demand & supply

72

Special cases related to price elasticity

73

Applications – Price ceiling & Price floor (MSP)


Macro -Economics Course Contents


S.No.

Contents

I

Circular Flow of Income

01

Introduction To Circular Flow Of Income

02

Meaning Of Circular Flow Of Income

03

Stock And Flow Concept

04

Types Of Circular Flow

05

Circular Flow In Two Sector Economy (Without Financial Market)

06

Circular Flow In Two Sector Economy (With Financial Market)

07

Circular Flow In Three And Four Sector Economy

08

Significance Of Circular Flow Of Income

09

Leakages And Injections

II

Basic Concepts of Macro Economics

10

Domestic/ Economic Territory

11

Normal Residents

12

Citizenship And Resident Ship

13

Factor Income And Transfer Income

14

Final Goods And Intermediate Goods

15

Consumption Goods And Capital Goods

16

Gross Investment, Net Investment And Depreciation

17

Net Indirect Tax (NIT)

18

Net Factor Income From Abroad (NFIA)

III

National Income and Related Aggregates

19

Basic Aggregates Of National Income

20

Introduction To National Income

21

 Measuring National Income: Value Added Method

22

Measuring National Income: Income Method

23

Measuring National Income: Expenditure Method

24

Treatment Of Different Items In National Income

25

Treatment Of Different Items In Domestic Income

IV

Money

26

Introduction To Money

27

Barter System

28

Functions Of Money

29

Definition Of Money (Legal; Functional; Liquidity; Scope)

30

Money Supply

31

Evolution Of Money

32

Demand For Money

33

Monetary System In India

V

Banking: Commercial Bank and The Central Bank

34

Commercial Bank

35

Functions Of Commercial Banks: Primary And Secondary

36

Money Creation/ Credit Creation

37

Central Bank

38

Functions Of Central Bank

39

Central Bank And Commercial Bank

40

Controller Of Money Supply And Credit (Tools)

VI

Aggregate Demand and Related Concepts

41

Meaning And Components Of Aggregate Demand

42

Aggregate Supply

43

Consumption Function (Propensity To Consume)

44

Types Of Propensities To Consume

45

Saving Function (Propensity To Save)

46

Types Of Propensity To Save

47

Investment Function

48

Determinants Of Investment

49

Ex-Ante And Ex-Post Saving And Investment

50

Full Employment And Voluntary Unemployment

VII

Income Determination and Multiplier

51

Determinants Of Equilibrium Level

52

Equilibrium Level

53

Short Rum Fixed Price Analysis Of Product Market

54

Concept Of Investment Multiplier

VIII

Excess Demand And Deficient Demand

55

Introduction To Excess Demand And Deficient Demand

56

Reasons And Impact Of Excess Demand

57

Reasons And Impact Of Deficient Demand

58

Measures To Control Excess Demand And Deficient Demand

59

Excess Demand And Deficient Demand In Three Sector Economy

IX

Government Budget and the Economy

60

Introduction And Meaning Of Government Budget

61

Objectives Of Government Budget

62

Components Of Government Budget

63

Budget Receipts

64

Revenue Receipts

65

Capital Receipts

66

Budget Expenditure

67

Measures To Control Government Deficit

X

Foreign Exchange Rate

68

Meaning of foreign exchange rate

69

Currency depreciation and currency appreciation

70

Types of foreign exchange rates

71

Demand for foreign exchange

72

Supply of foreign exchange

73

Determination of exchange rate

74

Changes in exchange rate

75

Foreign exchange market

76

Merits and demerits of Fixed Foreign exchange rate system

77

Merits and demerits of Flexible Foreign exchange rate system

XI

Balance of Payments

78

Meaning of balance of payments (BoP)

79

Meaning of balance of Trade(BoT)

80

Components of balance of payments

81

Autonomous and accommodating items

82

Deficit in balance of payments

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Author : Dr Rupal Mathur

Dr. Rupal mathur completed her Doctor of Philosophy (Ph.D.) degree from Department of Business Finance and Economics, Jai Narain Vyas University, Jodhpur, Rajasthan. Dr. Rupal Mathur holds the first class Master of Business Administration (MBA) and Bachelor of Commerce (B.Com.) with high meritorious academic background. She is having 12 years of teaching experience in prestigious organizations which includes 10 years of post graduate teaching and research. She is author of various books in commerce and management. She has presented various National and International Research papers in india and abroad. Dr. Rupal Instructed students on diverse subject matters including Quantitative Techniques, Financial Management, Management Accounting Production and Operations Management, International Financial Management, Business Statistics.