#### Topics

##### Statistics for Economics

##### Introduction

##### Collection, Organisation and Presentation of Data

- Collection of Data
- Sources of Data - Primary
- Sources of Data - Secondary
- Concepts of Sampling
- How Basic Data is Collected
- Methods of Collecting Data
- Some Important Sources of Secondary Data
- Organisation of Data
- Meaning of Variables
- Types of Variables
- Organisation of Data - Raw Data
- Organisation of Data - Frequency Series
- Organisation of Data - Frequency Distribution
- Tabular Presentation and Diagrammatic Presentation of Data - Geometric Form
- Tabular Presentation and Diagrammatic Presentation of Data - Frequency Diagrams
- Abular Presentation and Diagrammatic Presentation of Data - Arithmetic Line Graphs

##### Statistical Tools and Interpretation

- Measures of Central Tendency - Mean
- Measures of Central Tendency - Median
- Measures of Central Tendency - Mode
- Measures of Central Tendency - Central Value Or Representative Value
- Measures of Central Tendency - Series
- Measures of Central Tendency - Partition Value
- Measures of Central Tendency - Quartile
- Measures of Central Tendency - Deciles
- Measures of Central Tendency - Percentile
- Measures of Dispersion - Absolute Dispersion
- Measures of Dispersion - Relative Dispersion
- Lorenz Curve - Meaning
- Lorenz Curve - Construction and Its Application
- Correlation Meaning
- Properties of Correlation,
- Types of Correlation
- Scatter Diagram of Correlation
- Measures of Correlation - Karl Pearson'S Method (Two Variables Ungrouped Data)
- Measures of Correlation - Spearman's Rank Correlation
- Meaning of Index Numbers
- Uses of Index Numbers
- Types of Index Number - Wholesale Price Index
- Types of Index Number - Consumer Price Index
- Types of Index Number - Index of Industrial Production
- Construction of Price Index
- Cost of Living Index Number
- Inflation and Index Numbers
- Method to Measure - Simple Aggregate Method
- Method to Measure - Simple Average Price Relative Method
- Method to Measure - Laspeyer Method
- Method to Measure - Paasche's Index Numer
- Method to Measure - Fisher's Method

##### Introductory Microeconomics

##### Indian Economic Development

##### Introduction

- Meaning of Micro and Macro Economics
- What is an Economy?
- Positive and Normative Economics
- Central Problems of an Economy
- Concepts of Production Possibility Frontier
- Concept of Opportunity Cost
- Understanding Economics - Adam Smith (Father of Economic)
- Understanding Economics - Dr Alfred Marshall
- Understanding Economics - Lord Robbins
- Understanding Economics - Prof Samuelson
- Types of Economic System - Capitalism
- Types of Economic System -socialism
- Efficient Utilization of Resource
- A Simple Economy
- The Centrally Planned Economy
- The Market Economy

##### Consumer Equilibrium and Demand

- Consumer'S Equilibrium
- Meaning of Utility
- Total Utility and Marginal Utility
- Diminishing Marginal Utility
- Conditions of Consumer's Equilibrium Using Marginal Utility Analysis
- Consumer's Budget
- Preferences of the Consumer
- Cardinal Approach (Utility Analysis)
- Ordinal Approach (Utility Analysis)
- Demand
- Market Demand
- Change in Demand
- Change in Quantity Demand
- Determinants of Demand
- Demand Schedule
- Demand Curve and Its Slope
- Movement Along and Shifts in the Demand Curve
- Elasticity of Demand
- Type of Elasticity of Demand
- Factors Affecting Price Elasticity of Demand
- Degrees of Elasticity of Demand
- Measurement of Elasticity of Demand
- Marginal Rate of Substitution (MRS)
- Indifference Curve

##### Producer Behaviour and Supply

- Production Function
- Production Function - Short-run
- Production Function - Long-run
- Concept of Production
- Total Product
- Average Product
- Marginal Product
- Relation Between Total, Average and Marginal Product
- Law of Variable Proportions
- Average and Marginal Physical Products
- Returns to a Factor
- Basic Concepts of Cost
- Short Run Cost Curves
- Cost - Fixed Cost
- Cost -variable Cost
- Cost - Total Cost
- Cost - Total Fixed Cost
- Cost - Total Variable Cost
- Cost - Average Cost
- Cost - Average Fixed Cost
- Cost - Average Variable Cost
- Cost - Marginal Cost
- Relationship Between Average Variable Cost and Average Total Cost and Marginal Cost
- Concept of Opportunity Cost
- Total, Average and Marginal Revenue
- Concept of Producer's Equilibrium
- Concept of Supply
- Market Supply
- Difference Between Stock and Supply
- Determinants of Supply
- Supply Curve and Schedule
- Movements Along and Shifts in Supply Curve
- Measurement of Price Elasticity of Supply - Percentage-change Method
- Measurement of Price Elasticity of Supply - Geometric Method
- Total, Average and Marginal Cost
- The Law of Diminishing Marginal Product
- Shapes of Product Curves
- Costs - Long Run Costs
- Returns to Scale

##### Forms of Market and Price Determination

- Meaning and Features of Market
- Market Equilibrium
- Determination of Market Equilibrium
- Effects of Shifts in Demand and Supply
- Features of Perfect Competition
- Market Forms - Imperfect Competition
- Main Market Forms
- Features of Oligopoly
- Market Forms - Perfect Oligopoly
- Market Forms - Imperfect Oligopoly
- Equilibrium Price
- Simple Applications of Demand and Supply
- Price Ceiling
- Price Floor
- Revenue
- Profit Maximisation
- Determinants of a Firm’s Supply Curve
- Market Supply Curve
- Price Elasticity of Supply

##### Non - Competitive Markets

##### Development Experience (1947-90) and Economic Reforms since 1991

##### Current Challenges Facing Indian Economy

- Poverty - Absolute Poverty
- Poverty - Relative Poverty
- Main Programmes for Poverty Alleviation - a Critical Assessment
- Key Issues of Rural Development
- Credit and Marketing
- Role of Cooperatives
- Agricultural Diversification
- Meaning of Alternative Farming Or Organic Farming
- How People Become Resource
- Role of Human Capital in Economic Development
- Growth of Education Sector in India
- Employment in Firms, Factories and Offices
- Employment - Workforce
- Occupational Structure
- Employment - Informalisation
- Employment - Formal and Informal
- Employment - Growth and Other Issues of Employment
- Employment - Problems and Policies
- Unemployment
- Infrastructure
- Types of Infrastructure
- Case Studies: Energy and Health: Problems and Policies- a Critical Assessment
- Sustainable Economic Development Meaning
- Effects of Economic Development on Resources and Environment

##### Development Experience of India

#### description

- liberalisation
- globalisation
- privatisation

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