Topics
Micro Economic Theory
Demand
- Demand
- Factor Affecting Demand
- Market Demand
- Demand Function
- Movement Along and Shifts in the Demand Curve
- Demand Curve and Its Slope
- Determinants of Demand
- Derivation of Demand Curve
- Diminishing Marginal Utility
- Law of Equi-marginal Utility
- Conditions of Consumer's Equilibrium Using Marginal Utility Analysis
- Cardinal Approach (Utility Analysis)
- Ordinal Approach (Utility Analysis)
- Meaning of Utility
- Total Utility and Marginal Utility
- Relation Between Total, Average and Marginal Product
- Consumer's Equilibrium
- Properties of Indifference Curve
- Indifference Curve
- Indifference Map
Elasticity of Demand
Supply
- Concept of Supply - Supply Schedule and Supply Curve
- Difference Between Stock and Supply
- Determinants of Supply
- Supply Curve and Schedule
- Measurement of Price Elasticity of Supply - Percentage-change Method
- Measurement of Price Elasticity of Supply - Geometric Method
- Movements Along and Shifts in Supply Curve
Market Mechanism
Concept of Production and Production Function
Cost and Revenue
- Basic Concepts of Cost
- Short Run Cost Curve and Long Run Cost Curves
- Meaning of Revenue
- Total, Average and Marginal Revenue
- Relationships of Marginal Revenue and Total Revenue
- Concept of Producer's Equilibrium
- Cost - Fixed Cost
- Cost -variable Cost
- Cost - Total Cost
- Cost - Average Cost
- Cost - Average Variable Cost
- Cost - Marginal Cost
- Relationship Between Average Variable Cost and Average Total Cost and Marginal Cost
- Concept of Opportunity Cost
Main Market Forms
Theory of Income and Employment
- Basic Concepts of Income and Employment
- Determination of Income and Employment
- Demand
- Concept of Aggregate Demand and Aggregate Supply
- Consumption Function and Propensity to Save
- Equilibrium Output
- Investment Multiplier and Its Mechanism
- Meaning of Full Employment
- Problems of Excess Demand and Deficient Demand
- Measures to Correct the Excess Demand and Deficient Demand
Money and Banking
Money
Banks
- Function of Commercial Banks
- High Powered Money
- Money Creation Or Credit Creation by the Commercial Banking System
- Definition - Central Bank
- Regulatory Role of the Central Bank
- Function of Central Bank - Bank of Issue
- Central Bank Function - Banker's Bank
- Central Bank Function - Controller of Credit
- Central Bank Function - Goverment Bank
- Repo Rate and Reverse Repo Rate
- Cash Reserve Ratio (CRR)
- Statutory Liquidity Ratio (SLR)
- Open Market Operations
Balance of Payment and Exchange Rate
Public Finance
Fiscal Policy
Government Budget
National Income
Balance of Payment
Circular Flow of Income.
Concepts and Definition
- Aggregates Related to National Income - Gross National Product (GNP)
- Aggregates Related to National Income - Net National Product (NNP)
- Gross and Net Domestic Product (GDP and NDP)
- Concepts and Definition of NY
- Aggregates related to National Income - Private Income
- Aggregates related to National Income - Private Income
- Aggregates Related to National Income - Personal Disposable Income
- National Disposable Income (Gross and Net)
- Parameters of Development - per Capita Income
- Real GDP and Nominal GDP
Methods of Measuring National Income
- Meaning, demand pull and cost push
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