Topics
Micro Economics
Introduction to Micro and 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
Macro Economics
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 in India
- 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
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
Factors of Production
Introduction to Macro Economics
National Income
Determinants of Aggregates
Money
Commercial Bank
Central 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
Types of Utility :
Following are some of the different types of utility:
1) Form utility :
When utility is created due to a change in the shape or structure of an existing material, it is called form utility. For example, toys made of clay, furniture from wood etc.
2) Place utility :
When utility of a commodity increases due to a change in its place, it is
called place utilities. For example, woollen clothes have more utility at cold places than at warm places. Transport creates place utility.
3) Service utility :
Service utility arises when personal services are rendered by various
professionals. For example, services of doctors, teachers, lawyers etc.
4) Knowledge utility :
When a consumer acquires knowledge about a particular product, it is called knowledge uitility. For example, utility of a mobile phone or a computer increases when a person knows about its various functions.
5) Possession utility :
Possession utility arises when the ownership of goods is transferred from one person to another. For example, transfer of goods from the sellers to the
buyers.
6) Time utility :
When the utility of a commodity increases with a change in its time of utilization, it is called time utility. For example, a student has more utility for
text books during examinations than in the vacations. Time utility is also observed when goods are stored and used at the time of scarcity. For example, Blood bank.
For better understanding:
| Type of Utility | Form Utility | Place utility | Service utility | Knowledge utility | Possession utility | Time utility |
| Key Feature |
Processed/final goods. Change in existing material. |
Change in place increases Utility. | Services rendered create Utility. | Acquiring knowledge about the product creates utility. | Transfer in the ownership of goods creates utility. | Change in the time of Utilisation creates Utility. |
| Examples |
cake made of raw ingredients, dress made of material,Toys made of clay, furniture made of wood etc. |
Wollen Clothes at cold places, crops from farms to market places, apples from Kashmir exported to different parts of the country etc. | Teachers, Lawyers, Domestic Helpers,Police officers, Firefighters etc. | knowing to play a game on the Playstation, knowing the functions of a laptop and mobile phone, knowing to Install the television etc. | sellers to the buyers. |
Blood bank, crackers during Diwali, cold drinks during summer season. |
