Topics
Understanding Economics
- Branches of Economics
- Capitalism
- Socialism
- Mixed Economy
- Macroeconomics
- Micro Economics VS Macro Economics
- Basic Concepts of Microeconomics > Utility
- Total Utility and Marginal Utility
- Law of Diminishing Marginal Utility
- Definition of Price
- General Rise and Fall in Price
- Inflation
- Inflation - Demand Pull and Cost Push
- Basic Concept of Value
- Value – Real Value Vs Nominal Value
- Term of Wealth
- Classification of Wealth
- Basic Concept of Welfare
- Relation Between Wealth and Welfare
- Concept of Money
- Barter Economy Vs Money Economy
- Concept of Market
- Meaning of Capital
- Investment
- Investment as a Process of Capital Formation
- Factor of Income
- Meaning of Production
- Meaning of Consumption
- Individual Saving and Aggregate Savings
- Central Problems of an Economy
- Efficient Utilization of Resource
- Basic Problem of Scarcity
- Developed and Developing of Economies
- A Comparison with Nighbours - India and China
- Merits and Demerits of Capitalism
- Merits and Demerits of Socialism
- Merits and Demerits of Mixed Economic System
- Mechanisms Used to Solve the Basic Problems Economic System
- Basic Concept of Business Cycle
- Concept of Aggregate Demand and Aggregate Supply
- Concepts of Production Possibility Frontier
Indian Economic Development
- Introduction to Indian Economy on the Eve of Independence
- Agricultural Sector in India
- Industrial Sector
- Concept of Trade
- Agriculture
- Industry and Trade
- Problems and Policies of Foreign Trade
- Per Capita Income
- Parameters of Development - Human Development Index
- Planning and Economic Development in India. - Overview of Macro Objectives
- Major Thrusts of the Different Five Year Plans in India
- Main Feature Economic Reform
- Meaning of Disinvestment
- Key Concepts of Poverty
- Poverty Alleviation Programmes and Their Target Sectors
- National Bank for Agriculture and Rural Development (NABARD)
- Credit and Marketing in Rural Areas
- Role of Cooperatives
- Diversification into Productive Activities
- Meaning of Alternative Farming
- Important of Alternative Farming Or Organic Farming
- How People Become Resource
- Role of Human Capital in Economic Development
- Growth of Education Sector in India
- Human Capital Formation - Education
- Concept of Unemployment
- Types of Unemployment
- Causes of Unemployment
- Policy Measures of Unemployment (After 2000)
- Difference Between Economic Growth and Economic Development
- Difference Between Economic Growth and Economic Development
- Comparative Study of Indian and Chinese Economies
- Concept of Sustainable Development
- Need for Sustainable Development for Improving the Quality of Life
Statistics
- Meaning of Statistics for Economics
- Scope of Statistics for Economics
- Importance of Statistics in Economics
- Limitations of Statistics
- Sources of Data - Primary
- Sources of Data - Secondary
- How Basic Data is Collected
- Methods of Collecting Data
- Some Important Sources of Secondary Data
- Organisation of Data
- Meaning of Variables
- Types of Variables
- Types of Frequency
- Tabular Presentation and Diagrammatic Presentation of Data - Geometric Form
- Tabular Presentation and Diagrammatic Presentation of Data - Frequency Diagrams
- Measures of Central Value - Average
- Measures of Central Value- Type of Averages
- Measures of Central Tendency for Different Data Types
- Relationship Between Mean, Median and Mode
- Measures of Central Value - Nature of the Frequency
- Measures of Central Value - Ungrouped and Grouped Data
- Measures of Central Value - Numericals only on mean
- Measures of Central Value - Median and Mode for Both Ungrouped and Grouped Data
- Measures of Dispersion
- Measures of Dispersion - Absolute Dispersion
- Measures of Dispersion - Relative Dispersion
- Correlation Meaning
- Scatter Diagram of Correlation
- Karl Pearson’s Coefficient of Correlation
- Measures of Correlation - Spearman's Rank Correlation
- Index Numbers
- Meaning of Simple and Weighted Index Number
- Types of Simple and Weighted Index Number
- Purpose of Simple and Weighted Index Number
- Difference Between Simple and Weighted Index Number
- Construction of Index Numbers
- Price Weighted Or Quantity Weighted
- Method to Measure - Laspeyer Method
- Paasche’s Price Index Number
- Method to Measure - Fisher's Method
- 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
- Mathematical Tools Used in Economics - Equation of a Straight Line
- Mathematical Tools Used in Economics - Slope of a Straight
Video Tutorials
Shaalaa.com | Correlation Formula Derivation, Karl Pearson's Coefficient Part 1
Related QuestionsVIEW ALL [14]
A train travelled between two stations. The distance and time were recorded as below:
| Distance (Km) | 80 | 120 | 160 | 200 | 240 |
| Time (Hr) | 2 | 3 | 4 | 5 | 6 |
Draw scatter diagram and identify the type of correlation.
A sample of 5 items is taken from the production of a firm. Length and weight of the five items arc given below :
| Length (cm) | 3 | 4 | 6 | 7 | 10 |
| Weight (gm) | 9 | 11 | 14 | 15 | 16 |
Calculate Karl Pearson's coefficient of correlation between the length and weight and interpret the result.
Compute rank correlation coefficient for the following data :
| Rx | 1 | 2 | 3 | 4 | 5 | 6 |
| Ry | 6 | 3 | 2 | 1 | 4 | 5 |
