blueprint of economics 2 nd puc
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Introductory Microeconomics consists of
A Simple economy
Central problems of an economy
The organisation of economic activities
The centrally planned economy
The market economy
Positive and Normative Economics
Micro and Macro Economics
Plan of the Book.
Preliminary Notations and Assumptions consists of
The Consumer's Budget
Budget set
Price ratio and the slope of the Budget line and points below the Budget line
Changes in the Budget line
Preferences of the Consumer
Monotonic preferences
Substitution between goods
Diminishing rate of Substitution
Indifference Curve
The shape of the Indifference Curve
Indifference Map
Utility
Optimal Choice of the Consumer
Demand curve and the Law of Demand
Normal and Inferior goods
Substitution and Complements
Shifts in the Demand curve movements along the Demand Curve and Shifts in the Demand Curve
Market Demand
Elasticity along a Linear Demand Curve
Factors Determining Price Elasticity of Demand for a Good
Production and Costs consists of
TP, AP, and MP
The Law of Diminishing Marginal Product And The Law of Variable Proportions
Returns To Scale
Costs
Long-Run Costs
The Theory of the Firm under Perfect Competition consists of
Perfect Competition
Revenue
Profit Maximisation
Supply Curve of a Firm
The Shut-down Point
The normal Profit and Break-even Point
Determinants of a Firm's Supply Curve
Technological Progress
Input Prices
Unit Tax
Market Supply Curve
Market Equilibrium consists of
Equilibrium, Excess Demand, Excess Supply
Wage Determination in Labour Market
Shifts in Demand and Supply
Market Equilibrium: Free Entry and Exit
Non-competitive Markets consists of
Simple Monopoly in The Commodity Market
Market Demand Curve is the Average Revenue Curve
Other Non-perfectly Competitive Markets
Macroeconomics consists of
Emergence of Macroeconomics
National Income Accounting consists of
Some Basic Concepts of Macro Economics
Circular Flow of Income And Methods of Calculating National Income
Income Method
Goods and Prices
GDP and Welfare
Money and Banking consists of
Functions of Money
Demand for Money
The Supply of Money
Income Determination consists of
Ex Ante And Ex post
Movement Along with a Curve Versus Shift of a Curve
The short Run Fixed Price Analysis of the Product Market
Government Budget and the Economy consists of
Components of the Government Budget
Fiscal Policy
Open-Economy Macroeconomics consists of
The Balance of Payments
The Foreign Exchange Market
The Determination of Income in An Open Economy
Trade Deficits, Saving and Investments
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