Description
Block 1 – Fundamental Problems of Economic System and Basic Concepts
Fundamental Problems of Economic Systems
Basic Concepts and Framework
Block 2 – Consumer Behaviour and the Demand Theory
Consumer Demand
Elasticity of Demand
Law of Supply and Elasticity of Supply
Applications of Demand and Supply
Law of Diminishing Marginal Utility and Equi-Marginal Utility
Indifference Curves Analysis
Block 3 – Theory of Production
The Production Function-I
The Production Function-II
Theory of Costs and Costcurves
Block 4 – Theory of Price
Equilibrium Concept and Conditions
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
Block 5 – Distribution of Income
Factor Market
Functional Distribution of Income
Distribution of Income-I: Wages and Interest
Distribution of Income-II: Rent and Profit
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