Economics Commerce (English Medium) Class 11 CBSE Syllabus 2024-25

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CBSE Class 11 Economics Syllabus - Free PDF Download

CBSE Syllabus 2024-25 Class 11: The CBSE Class 11 Economics Syllabus for the examination year 2024-25 has been released by the Central Board of Secondary Education, CBSE. The board will hold the final examination at the end of the year following the annual assessment scheme, which has led to the release of the syllabus. The 2024-25 CBSE Class 11 Economics Board Exam will entirely be based on the most recent syllabus. Therefore, students must thoroughly understand the new CBSE syllabus to prepare for their annual exam properly.

The detailed CBSE Class 11 Economics Syllabus for 2024-25 is below.

Academic year:
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Syllabus

CBSE Class 11 Economics Syllabus for Chapter 1: Statistics for Economics

1 Introduction
  • Why Economics?  
  • Statistics in Economics  
  • What is Statistics?  
  • What Statistics Does?  
  • Conclusion  
1.1 Introduction
  • What is Economics?  
  • Meaning of Statistics for Economics  
  • Scope of Statistics for Economics  
    • Statistics and Economics
    • Statistics and Firms
    • Statistics and Commerce
    • Statistics and Education
    • Statistics and Planning
    • Statistics and Medicine
    • Statistics and Modern applications
  • Three Distinct Components of Economics  
  • Functions of Statistics in Economics  
  • Importance of Statistics in Economics  
  • Limitations of Statistics  
    • Statistics is not suitable to the study of qualitative phenomenon
    • Statistical laws are not exact
    • Statistics table may be misused:
    • Statistics is only one of the methods of studying a problem
1.2 Collection, Organisation and Presentation of Data
  • Collection of Data  
  • Sources of Data - Primary  
    • Personal Observations
    • Interview
    • Questionnaire/Schedule
    • Other Methods
  • Sources of Data - Secondary  
    • Published Sources
    • Unpublished Sources
  • Concepts of Sampling  
    • Basic concepts of sampling 
    1. Lottery method
    2. Table of Random number
    • Sampling and Non-Sampling Errors
    • Sampling distribution 
    • Computing standard error in simple cases
  • How Basic Data is Collected  
  • Methods of Collecting Data  
  • Some Important Sources of Secondary Data  
    • Census of India
    • National Sample Survey Organisation
  • 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  
    • bar diagrams and
    • pie diagrams
  • Tabular Presentation and Diagrammatic Presentation of Data - Frequency Diagrams  
    • histogram
    • polygon
    • ogive
  • Abular Presentation and Diagrammatic Presentation of Data - Arithmetic Line Graphs  
    • time series graph
1.3 Statistical Tools and Interpretation
  • Measures of Central Tendency - Mean  
    • simple
    • weighted
  • Measures of Central Tendency - Median  
    • Computation of median
    • Discrete Series
    • Continuous Series
    • Quartiles
    • Percentiles
  • Measures of Central Tendency - Mode  
    • Computation of Mode
    1. Discrete Series
    2. Continuous Series
  • Measures of Central Tendency - Central Value Or Representative Value  
  • Measures of Central Tendency - Series  
    • Individual Series
    • Discrete Series
    • Continuous 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  
    • Range
    • Quartile deviation
    • Mean or average deviation
    • Standard deviation
  • Measures of Dispersion - Relative Dispersion  
    • co-efficient of range
    • co-efficient of quartile-deviation
    • co-efficient of mean deviation
    • co-efficient of variation
  • Lorenz Curve  
    • Construction of the Lorenz curve
    • Studying the Lorenz Curve
  • Correlation Meaning  
  • Properties of Correlation,  
  • Types of Correlation  
    • Positive Correlation
    • Negative Correlation
    • Simple Correlation
    • Partial Correlation
    • Multiple Correlation
    • Linear Correlation
    • Non Linear 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  
2 Collection of Data
  • Introduction to Collection of Data  
  • What Are the Sources of Data?  
  • How Do We Collect the Data?  
    • Preparation of Instrument
    • Mode of Data Collection
    1. Personal Interviews
    2. Mailing Questionnaire
    3. Telephone Interviews
    • Pilot Survey
  • Census and Sample Surveys  
    • Census or Complete Enumeration
    • Population and Sample
    • Random Sampling
    • Non-Random Sampling
  • Sampling and Non-sampling Errors  
    • Sampling Errors
    • Non-Sampling Errors
    1. Sampling Bias
    2. Non-Response Errors
    3. Errors in Data Acquisition
  • Census of India and NSSO  
  • Collection of Data - Conclusion  
3 Organisation of Data
  • Introduction to Organisation of Data  
  • Organisation of Data - Raw Data  
  • Classification of Data  
    • Chronological Classification
    • Spatial Classification
    • Qualitative Classification
  • Variables - Continuous and Discrete  
  • What is a Frequency Distribution?  
    • How to prepare a Frequency Distribution?
    • Should we have equal or unequal-sized class intervals?
    • How many classes should we have?
    • What should be the size of each class?
    • How should we determine the class limits?
    • Types of Class Intervals
    1. Inclusive class intervals
    2. Exclusive class intervals
    • Adjustment in Class Interval
    • How should we get the frequency for each class?
    • Finding class frequency by tally marking
    • Loss of Information
    • Frequency distribution with unequal classes
    • Frequency array
  • Bivariate Frequency Distribution  
  • Organisation of Data - Conclusion  
4 Presentation of Data
  • Introduction to Presentation of Data  
  • Textual Presentation of Data  
  • Tabular Presentation of Data  
    • Classification used in tabulation
    1. Qualitative classification
    2. Quantitative classification
    3. Temporal classification
    4. Spatial classification
  • Tabulation of Data and Parts of a Table  
    • Table Number
    • Title
    • Captions or Column Headings
    • Stubs or Row Headings
    • Body of the Table
    • Unit of Measurement
    • Source
    • Note
  • Diagrammatic Presentation of Data  
    • Geometric Diagram
    1. Bar Diagram - Simple Bar Diagram, Multiple Bar Diagram, and Component Bar Diagram.
    2. Pie Diagram
    • Frequency Diagram
    1. Histogram
    2. Frequency Polygon
    3. Frequency Curve
    4. Ogive
    • Arithmetic line graph
  • Presentation of Data - Conclusion  
5 Measures of Central Tendency
  • Measures of Central Tendency  
    • Average 
    • Related Positional Measures - Quartiles, Deciles and Percentiles
    • Computations for Related positional measure
    • Geometric mean 
    • Harmonic mean
    • Relationship among the averages 
    • Mean
    • Median
    • Mode
    • Computing Mean from Ungrouped Data
    • Computing Mean from Grouped Data
  • Arithmetic Mean or Mean  
  • Measures of Central Tendency - Median  
    • Computation of median
    • Discrete Series
    • Continuous Series
    • Quartiles
    • Percentiles
  • Measures of Central Tendency - Mode  
    • Computation of Mode
    1. Discrete Series
    2. Continuous Series
  • Relative Position of Arithmetic Mean, Median and Mode  
  • Measures of Central Tendency - Conclusion  
6 Measures of Dispersion
  • Introduction to Measures of Dispersion  
  • Measures Based Upon Spread of Values  
    • Range
    • Quartile Deviation
  • Measures of Dispersion from Average  
    • Mean Deviation
    • Calculation of Mean Deviation from Arithmetic Mean for ungrouped data
    • Mean Deviation from median for ungrouped data
    • Mean Deviation from Mean for Continuous Distribution
    • Mean Deviation from Median
    • Standard Deviation
    • Calculation of Standard Deviation for ungrouped data
    1. Actual Mean Method
    2. Assumed Mean Method
    3. Direct Method
    4. Step-Deviation Method
    • Standard Deviation in Continuous frequency distribution
    1. Actual Mean Method
    2. Assumed Mean Method
    3. Step-Deviation Method
  • Absolute and Relative Measures of Dispersion  
  • Lorenz Curve  
    • Construction of the Lorenz curve
    • Studying the Lorenz Curve
  • Measures of Dispersion - Conclusion  
7 Correlation
  • Correlation Meaning  
  • Types of Relationship  
    • What Does Correlation Measure?
    • Types of Correlation
    1. Negative
    2. Positive
  • Techniques for Measuring Correlation  
    • Scatter Diagram
    • Karl Pearson’s Coefficient of Correlation
    • Properties of Correlation Coefficient
    • Spearman’s rank correlation
    • Calculation of Rank Correlation Coefficient
  • Correlation - Conclusion  
8 Index Numbers
  • Introduction to Index Numbers  
  • Meaning of Index Numbers  
  • Construction of Index Numbers  
  • Some Important Index Numbers  
    • Consumer price index
    • Consumer Price Index Number
    • Wholesale Price Index
    • Index of Industrial production
    • Human Development Index
    • Sensex
  • Issues in the Construction of an Index Number  
  • Index Number in Economics  
  • Index Numbers - Conclusion  
9 Use of Statistical Tools
  • Introduction to Use of Statistical Tools  
    • Steps Towards Making a Project
    1. Identifying a problem or an area of study
    2. Choice of Target Group
    3. Collection of Data
    4. Organisation and Presentation of Data
    5. Analysis and Interpretation
    6. Conclusion
    7. Bibliography
  • Suggested List of Projects  
  • Sample Project  

CBSE Class 11 Economics Syllabus for Chapter 2: Indian Economic Development

CBSE Class 11 Economics Syllabus for Chapter 2: Introductory Microeconomics

1 Indian Economy on the Eve of Independence
  • Introduction to Indian Economy on the Eve of Independence  
  • Low Level of Economic Development Under the Colonial Rule  
  • Agricultural Sector  
  • Industrial Sector  
  • Foreign Trade  
    • Meaning 
    • Types of Foreign Trade
    1. Import Trade
    2. Export Trade
    3. Entrepot Trade
  • Demographic Condition  
  • Occupational Structure  
  • Infrastructure  
    • Meaning and Types of Infrastructure
  • Indian Economy on the Eve of Independence - Conclusion  
2 Indian Economy 1950-1990
  • Introduction to Indian Economy 1950-1990  
  • Goals of Five Year Plans  
    • Growth
    • modernisation
    • self-reliance
    • equity
  • Agriculture  
    • Institutional aspects and new agricultural strategy, etc.
    • Land Reforms
    • Land ceiling
    • The Green Revolution
    • Marketed surplus
    • The Debate Over Subsidies
    • Foodgrain Production
    • Productivity Position of Tamil Nadu and India
    • Subsistence Agriculture
    1. Primitive Subsistence Agriculture
    2. Intensive Subsistence Agriculture
    • Plantation Agriculture
    • Extensive Commercial Grain Cultivation
    • Mixed Farming
    • Dairy Farming
    • Mediterranean Agriculture
    • Market Gardening and Horticulture
    • Co-operative Farming
    • Collective Farming
  • Industry and Trade  
    • Public and Private Sectors in Indian Industrial Development
    • Industrial Policy Resolution 1956 (IPR 1956)
    • Small-Scale Industry (SSI)
      - Role and importance of Small-Scale Industry (SSI)
  • Trade Policy: Import Substitution  
    • Effect of Policies on Industrial Development
  • Indian Economy (1950 - 1990) - Conclusion  
3 Liberalisation, Privatisation and Globalisation : an Appraisal
  • Introduction to Liberalisation, Privatisation and Globalisation : an Appraisal  
    • Background
  • Background of Liberalisation, Privatisation and Globalisation : an Appraisal  
  • Liberalisation  
    • Export-import policy
    • Fiscal Policy
    • Foreign exchange markets
    • Deregulation of the Industrial Sector
    • Financial Sector Reforms
    • stock exchange
    • Foreign Institutional Investors (FII)
    • Tax Reforms
    • Foreign Exchange Reforms
    • Trade and Investment Policy Reforms
    • Import licensing
    • Export duties
  • Privatisation  
    • Disinvestment
  • Globalisation  
    • Outsourcing
    • World Trade Organisation (WTO)
    • Multilateral Trade Agreements
    • Bilateral
    • Non-Tariff Barriers
  • Indian Economy During Reforms: an Assessment  
    • Foreign Direct Investment (FDI)
    • Foreign Institutional Investment (FII),
    • Growth and Employment
    • Reforms in Agriculture
    • Reforms in Industry
    • Disinvestment
    • Reforms and Fiscal Policies
  • Conclusion of Liberalisation, Privatisation and Globalisation : an Appraisal  
4 Poverty
  • Introduction to Poverty  
  • Who Are the Poor?  
    • Absolute and Relative Poverty
  • Identification of Poor People  
    • Categorising Poverty
    • always poor
    • usually poor
    • chronic poor
    • churning poor
    • occasionally poor
    • transient poor
    • non-poor
    • The Poverty Line
  • The Number of Poor in India  
  • What Causes Poverty?  
  • Policies and Programmes Towards Poverty Alleviation  
  • Main Programmes for Poverty Alleviation - a Critical Assessment  
  • Poverty - Conclusion  
5 Human Capital Formation in India
  • Introduction to Human Capital Formation in India  
  • What is Human Capital?  
  • Sources of Human Capital  
    • Preventive medicine
    • curative medicine
    • social medicine
    • on-the job- training
    • migrate
    • information
    • Human Capital and Economic Growth
  • Human Capital and Human Development  
  • State of Human Capital Formation in India  
  • Growth of Education Sector in India  
    • Growth in Government Expenditure on Education
    • Educational Achievements in India
  • Future Prospects  
    • Education for All - Still a Distant Dream
    • Gender Equity - Better than Before
    • Higher Education - a Few Takers
  • Human Capital Formation in India - Conclusion  
6 Rural Development
  • Introduction to Rural Development  
  • Meaning of Rural Development  
  • Credit and Marketing in Rural Areas  
    • Credit
    • Rural Banking - a Critical Appraisal
  • Agricultural Market System  
    • Emerging Alternate Marketing Channels
    • Role of cooperatives
  • Diversification into Productive Activities  
    • agro-processing industries
    • Animal Husbandry
    • Fisheries
    • Horticulture
    • Other Alternate Livelihood Options
  • Sustainable Development and Organic Farming  
    • Benefits of Organic Farming
  • Rural Development - Conclusion  
7 Employment: Growth, Informalisation and Other Issues
  • Introduction to Employment - Growth, Informalisation and Other Issues  
  • Workers and Employment  
  • Participation of People in Employment  
  • Self-employed and Hired Workers  
  • Employment in Firms, Factories and Offices  
  • Growth and Changing Structure of Employment  
  • Informalisation of Indian Workforce  
  • Unemployment  
    • Introduction
    • Meaning of Unemployment
  • Government and Employment Generation  
  • Conclusion of Employment - Growth, Informalisation and Other Issues  
8 Infrastructure
  • Infrastructure  
    • Meaning and Types of Infrastructure
  • What is Infrastructure?  
  • Relevance of Infrastructure  
  • The State of Infrastructure in India  
  • Energy  
    • Sources of Energy
    • Non-conventional Sources of Energy
    • Consumption Pattern of Commercial Energy
    • Power/Electricity
    • Some Challenges in the Power Sector
    • Kinetic energy
    • Work–Kinetic Energy Theorem
    • Relation between Momentum and Kinetic Energy
    • Potential Energy
    • Potential energy near the surface of the Earth
    • Elastic Potential Energy
    • Conservative and non-conservative forces
    • Law of conservation of energy
    • Motion in a vertical circle
  • Health  
    • State of Health Infrastructure
    • Private Sector Health Infrastructure
    • Indian Systems of Medicine (ISM)
    • Indicators of Health and Health Infrastructure - A Critical Appraisal
    • Urban-Rural and Poor-Rich Divide
    • Women’s Health
    • Health: Problems and Policies - A critical assessment
9 Environment and Sustainable Development
  • Introduction to Environment and Sustainable Development  
  • Environment - Definition and Functions  
    • Meaning, Effects of Economic Development on Resources and Environment, including global warming
  • State of India’s Environment  
  • Sustainable Development  
  • Strategies for Sustainable Development  
    • Use of Non-conventional Sources of Energy
    • LPG, Gobar Gas in Rural Areas
    • CNG in Urban Areas
    • Wind Power
    • Solar Power through Photovoltaic Cells
    • Mini-hydel Plants
    • Traditional Knowledge and Practices
    • Biocomposting
    • Biopest Control
10 Comparative Development Experiences of India and Its Neighbours
  • Introduction to Comparative Development Experiences of India and Its Neighbours  
  • Developmental Path - a Snapshot View  
    • China
    • Pakistan
  • Demographic Indicators  
    • Population
  • Gross Domestic Product and Sectors  
  • Indicators of Human Development  
    • Economic growth
    • Other Human Development Indicators
  • Development Strategies - an Appraisal  
  • Comparative Development Experiences of India and Its Neighbours - Conclusion  
201 Development Experience (1947-90) and Economic Reforms since 1991
  • Introduction to Indian Economy on the Eve of Independence  
  • Goals of Five Year Plans  
    • Growth
    • modernisation
    • self-reliance
    • equity
  • Agricultural Sector  
  • Agriculture  
    • Institutional aspects and new agricultural strategy, etc.
    • Land Reforms
    • Land ceiling
    • The Green Revolution
    • Marketed surplus
    • The Debate Over Subsidies
    • Foodgrain Production
    • Productivity Position of Tamil Nadu and India
    • Subsistence Agriculture
    1. Primitive Subsistence Agriculture
    2. Intensive Subsistence Agriculture
    • Plantation Agriculture
    • Extensive Commercial Grain Cultivation
    • Mixed Farming
    • Dairy Farming
    • Mediterranean Agriculture
    • Market Gardening and Horticulture
    • Co-operative Farming
    • Collective Farming
  • Industrial Sector  
  • Industry and Trade  
    • Public and Private Sectors in Indian Industrial Development
    • Industrial Policy Resolution 1956 (IPR 1956)
    • Small-Scale Industry (SSI)
      - Role and importance of Small-Scale Industry (SSI)
  • Foreign Trade  
    • Meaning 
    • Types of Foreign Trade
    1. Import Trade
    2. Export Trade
    3. Entrepot Trade
  • Problems and Policies of Foreign Trade  
  • Need of Economic Reform  
  • Main Feature Economic Reform  
    • liberalisation
    • globalisation
    • privatisation
  • An Appraisal of LPG Policies  
202 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 in Rural Areas  
    • Credit
    • Rural Banking - a Critical Appraisal
  • Role of Cooperatives  
  • Diversification into Productive Activities  
    • agro-processing industries
    • Animal Husbandry
    • Fisheries
    • Horticulture
    • Other Alternate Livelihood Options
  • Meaning of Alternative Farming Or Organic Farming  
  • How People Become Resource  
  • Role of Human Capital in Economic Development  
  • Growth of Education Sector in India  
    • Growth in Government Expenditure on Education
    • Educational Achievements in India
  • Employment in Firms, Factories and Offices  
  • Employment - Workforce  
  • Occupational Structure  
  • Employment - Informalisation  
    • Formal and informal Sector
  • Employment - Formal and Informal  
  • Employment - Growth and Other Issues of Employment  
  • Employment - Problems and Policies  
  • Unemployment  
    • Introduction
    • Meaning of Unemployment
  • Infrastructure  
    • Meaning and Types of Infrastructure
  • Types of Infrastructure  
  • Case Studies: Energy and Health: Problems and Policies- a Critical Assessment  
  • Sustainable Development  
  • Effects of Economic Development on Resources and Environment  
203 Development Experience of India
  • Comparison with Neighbours - India and Pakistan  
  • A Comparison with Nighbours - India and China  
  • Issues Related to Development:  
    • Growth
    • population
    • sectoral development 
    • other developmental indicators
2.1 Introduction
  • Meaning of Micro and Macro Economics  
  • What is an Economy?  
  • Positive and Normative Economics  
  • Central Problems of an Economy  
    • What is produced and in what quantities?
    • How are these goods produced?
    • For whom are these goods produced?
  • 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  
  • Organisation of Economic Activities  
    • The Centrally Planned Economy  
    • The Market Economy  
3.2 Consumer Equilibrium and Demand
  • Consumer's Equilibrium  
    • Meaning of 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  
    • budget set
    • budget line
    • Changes in the Budget Set
  • Preferences of the Consumer  
    • indifference curve
    • indifference curve
  • Cardinal Approach (Utility Analysis)  
    • Measures of Utility
    1. Total Utility
    2. Marginal Utility
    3. Law of Diminishing Marginal Utility
  • Ordinal Approach (Utility Analysis)  
    • Indifference curve
    • Marginal rate of substitution (MRS)
    • Law of Diminishing Marginal Rate of Substitution
    • Indifference Map
  • Demand  
    • Demand
    1.  Demand Curve and the Law of Demand
    2. Deriving a Demand Curve from Indifference
    3. Curves and Budget Constraints 
    4.  Normal and Inferior Goods 
    5.  Substitutes and Complements 
    6.  Shifts in the Demand Curve 
    7. Movements along the Demand Curve and Shifts in the Demand Curve
  • Market Demand  
  • Change in Demand  
  • Change in Quantity Demand  
  • Determinants of Demand  
  • Demand Schedule  
    • Individual Demand Schedule
    • Market Demand Schedule
  • Demand Curve and Its Slope  
  • Movement Along and Shifts in the Demand Curve  
  • Elasticity of Demand  
  • Type of Elasticity of Demand  
    1. Price Elasticity of Demand
    2. Income Elasticity of Demand
    3. Cross Elasticity of Demand
  • Factors Affecting Price Elasticity of Demand  
  • Degrees of Elasticity of Demand  
  • Measurement of Elasticity of Demand  
    • Geometric Method
    • Percentage-change Method
    • Point Method
    • Total Expenditure Method
  • Marginal Rate of Substitution (MRS)  
  • Indifference Curve  
    • Features of Indifference Curve:
    1. Indifference curve slopes downwards from left to right
    2. Higher indifference curve gives greater level of utility
3.3 Producer Behaviour and Supply
  • Production Function  
    • Meaning
    • Short-run Production
    • Long run Production
  • 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  
    • Assumptions
    • Total Product (TP)
    • Average Product (AP)
    • Marginal Product (MP)
    • Stages of Production: Stage I, Stage II and Stage III
  • Average and Marginal Physical Products  
  • Returns to a Factor  
  • Basic Concepts of Cost  
  • Short Run Cost Curves  
    • Total Fixed Cost (TFC)
    • Total Variable Cost (TVC)
    • Total Cost Curves (TCC)
    • Average Fixed Cost (AFC)
    • Average Variable Cost (AVC)
    • Average Total Cost (ATC) or Average Cost (AC)
    • Marginal Cost (MC)
    • The relationship between Average Cost and Marginal Cost
  • 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  
    • Meaning of Producer's Equilibrium
    • Producer's Equilibrium Conditionsin Terms of Marginal Revenue-marginal Cost.
  • Concept of Supply - Supply Schedule and Supply Curve  
  • Market Supply  
  • Difference Between Stock and Supply  
  • Determinants of Supply  
  • Supply Curve and Schedule  
    • Supply Curve and Its Slope
    • Supply 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  

    Shapes of Total Product, Marginal Product and Average Product Curves

  • Costs - Long Run Costs  
  • Returns to Scale  
3.4 Forms of Market and Price Determination
  • Market  
  • Market Equilibrium  

    Equilibrium, Excess Demand, Excess Supply

    • Market Equilibrium: Fixed Number of Firms
    • Market Equilibrium: Free Entry and Exit
  • Determination of Market Equilibrium  
  • Effects of Shifts in Demand and Supply  
  • Features of Perfect Competition  
  • Imperfect Competition  
  • Forms of Market  
  • Features of Oligopoly  
  • Market Forms - Perfect Oligopoly  
  • Market Forms - Imperfect Oligopoly  
  • Equilibrium Price  
  • Simple Applications of Demand and Supply  
  • Price Ceiling  
    • Maximum and Minimum
  • Price Floor  
  • Revenue  
  • Profit Maximisation  

    Profit Maximisation

    • Condition 1
    • Condition 2
    • Condition 3 
    • The Profit Maximisation Problem: Graphical Representation
  • Determinants of a Firm’s Supply Curve  

    Determinants of a Firm’s Supply Curve

    • Technological Progress
    • Input Prices
  • Market Supply Curve  
  • Price Elasticity of Supply  
3.5 Non - Competitive Markets
  • Simple Monopoly in the Commodity Market  

    Simple Monopoly in the Commodity Market

    • Market Demand Curve is the Average Revenue Curve
    • Total, Average and Marginal Revenues
    • Marginal Revenue and Price Elasticity of Demand
    • Short Run Equilibrium of the Monopoly Firm
  • Other Non - Perfectly Competitive Markets  

    Other Non-perfectly Competitive Markets

    • Monopolistic Competition
    • How do Firms behave in Oligopoly?

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