Topics
Introduction to Micro and Macro Economics
Micro Economics
Macro Economics
Utility Analysis
- Utility
- Types of Utility
- Concepts of Utility
- Relationship Between Total Utility and Marginal Utility
- Law of Diminishing Marginal Utility
- Assumptions of Diminishing Marginal Utility
- Exceptions to the Law of Diminishing Marginal Utility
- Criticisms of the Diminishing Marginal Utility
- Significance of the Diminishing Marginal Utility
- Relationship Between Marginal Utility and Price
- Diminishing Marginal Utility
Demand Analysis
Elasticity of Demand
Supply Analysis
Forms of Market
Index Numbers
National Income
- Concept of National Income
- Features of National Income
- Circular Flow of National Income
- Different Concepts of National Income
- Methods of Measurement of National Income
- Output Method/Product Method
- Income Method
- Expenditure Method
- Difficulties in the Measurement of National Income
- Importance of National Income Analysis
Public Finance in India
Money Market and Capital Market in India
- Financial Market
- Money Market in India
- Structure of Money Market in India
- Organized Sector
- Reserve Bank of India (RBI)
- Commercial Banks
- Co-operative Banks
- Development Financial Institutions (DFIs)
- Discount and Finance House of India (DFHI)
- Unorganized Sector
- Role of Money Market in India
- Problems of the Indian Money Market
- Reforms Introduced in the Money Market
- Capital Market
- Structure of Capital Market in India
- Role of Capital Market in India
- Problems of the Capital Market
- Reforms Introduced in the Capital Market
Foreign Trade of India
- Internal Trade
- Foreign Trade of India
- Types of Foreign Trade
- Role of Foreign Trade
- Composition of India’s Foreign Trade
- Direction of India’s Foreign Trade
- Trends in India’s Foreign Trade since 2001
- Concept of Balance of Payments (BOP)
Introduction to Micro Economics
- Features of Micro Economics
- Analysis of Market Structure
- Importance of Micro Economics
- Micro Economics - Slicing Method
- Use of Marginalism Principle in Micro Economics
- Micro Economics - Price Theory
- Micro Economic - Price Determination
- Micro Economics - Working of a Free Market Economy
- Micro Economics - International Trade and Public Finance
- Basis of Welfare Economics
- Micro Economics - Useful to Government
- Assumption of Micro Economic Analysis
- Meaning of Micro and Macro Economics
Consumers Behavior
Analysis of Demand and Elasticity of Demand
Analysis of Supply
Types of Market and Price Determination Under Perfect Competition
- Market
- Forms of Market
- Market Forms - Duopoly
- Equilibrium Price
Factors of Production
- Factors of Production - Land
- Factors of Production: Labour
- Factors of Production: Capital
- Factors of Production - Feature of Capital
- Factors of Production - Organisation
Introduction to Macro Economics
- Features of Macro Economic
- Importance of Macro Economic
- Difference Between Mirco Economic and Macro Economic
- Allocation of Resource and Economic Variable
National Income
Determinants of Aggregates
- Total Demand for Good and Services
- Concept of Aggregate Demand and Aggregate Supply
- Consumption Demand
- Investment Demand
- Government Demand
- Foreign Demand
- Difference Betweeen Export and Import
- Effect of Population of Consumption Expediture
- Types of Investment Expenditure
- Micro Eco-Equilibrium
Money
- Meaning of Money
- Type of Money
- Primary Function
- Secondary Functions
- Standard of Deferred Payment
- Standard of Transfer Payment
- Money - Store of Value
- Concept of Barter Exchange
- Difficulties Involved in the Barter Exchange
- Monetary Payments
- Concept of Good Money
Commercial Bank
Central Bank
- Definition - Central Bank
- Central Bank Function - Banker's Bank
- Central Bank Function - Controller of Credit
- Monetary Function of Central Bank
- Non Monetary Function of Central Bank
- Method of Credit Control - Quantitative
- Repo Rate and Reverse Repo Rate
- Central Bank Function - Goverment Bank
Public Economics
- Introduction of Public Economics
- Features of Public Economics
- Meaning of Government Budget
- Objectives of Government Budget
- Features of Government Budget
- Public Economics - Budget (1 Year)(1 April to 31 March)
- Types of Budget
- Taxable Income
- Budgetary Accounting in India
- Budgetary Accounting - Consolidated , Contingency and Public Fund
- Components of Budget
- Factor Influencing Government Budget
Notes
Demand Analysis:
In ordinary language, demand means a desire. Desire means an urge to have something. In Economics, demand means a desire which is backed by willingness and ability to pay. For example, if a person has the desire to purchase a television set but does not have the adequate purchasing power then it will be simply a desire and not a demand. Thus, demand is an effective desire. All desires are not demand.
In short,
Demand = Desire + willingness to purchase + Ability to pay.
Definition of Demand :
According to Benham, “the demand for anything at a given price is the amount of it, which will be bought per unit of time at that price.”
Thus, following are the features of demand :
1) Demand is a relative concept.
2) Demand is essentially expressed with reference to time and price.
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Related QuestionsVIEW ALL [23]
Study the following table, figure, passage and answer the question given below it.
| Price of commodity ‘ X | Quantity of ‘X‘ in kgs. | Market demand | ||
|
Consumer A |
Consumer B |
Consumer C |
A+B+C | |
| 10 | 5 | 10 | 15 | 30 |
| 8 | 10 | 15 | ______ | 45 |
| 6 | ______ | 20 | 25 | 60 |
| 4 | 20 | ______ | 30 | 75 |
| 2 | 25 | 30 | 35 | ______ |
| 1 | 30 | 35 | 40 | 105 |
- Complete the table. (2m)
- Draw Market demand curve based on above Market demand schedule and label it. (2m)
