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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