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BASIC CONCEPTS (Chapter 1-2)

Chapter 1 Introduction to Economics
1. 1 Definition and Nature
1. 2 Macro and Microeconomics
1. 3 Positive and Normative Science
1. 4 Positive Economic Theory and Analysis

Chapter 2 Demand, Supply and Elasticity
2. 1 Fundamental Concepts
2. 2 Demand Schedule, Function and Law
2. 3 Supply Schedule, Function and Law
2. 4 Elasticity of Demand and Supply
2. 5 The Concept of Equilibrium

MACRO ECONOMICS (Chapters 3-7)

Chapter 3 Macro Aggregates, Unemployment and Inflation
3. 1 Macro Aggregates
3.2 Unemployment
3.3 Inflation

Chapter 4 Aggregate Demand and Aggregate Supply
4. 1 Aggregate Demand
4. 2 Aggregate Supply
4. 3 Equilibrium

Chapter 5 Output - Employment Theories (Classical and Keynesian)
5. 1 Classical Theory
5. 2 Keynes’ Employment Theory

Chapter 6 Money and Banking
6. 1 Money
6. 2 Banking

Chapter 7 Fiscal and Monetary Policies
7. 1 Fiscal Policy
7. 2 Monetary Policy

MICROECONOMICS (Chapters 8-15)

Chapter 8 Theory of the Consumer
8. 1 Nature of the Consumer
8. 2 Equilibrium of the Consumer

Chapter 9 Equilibrium of a Firm
9. 1 Concept of Firm
9. 2 Factors of Production and Product Output
9. 3 Costs and Profits
9. 4 Costs Analysis

Chapter 10 Perfect Competition
10. 1 Features of Competition
10. 2 Competitive Equilibrium
10. 3 Short Run Equilibrium
10. 4 Long Run Equilibrium
10. 5 Exit or Shutdown point

Chapter 11 Monopoly
11.1 Nature and Sources
11.2 Monopoly Demand Curve
11.3 Monopoly Equilibrium
11.4 Evils and Wastage of Monopoly

Chapter 12 Oligopoly Market
12.1 Oligopoly
12.2 Cartels

Chapter 13 Monopolistic Competition
13.1 Market Imperfections
13.2 Equilibrium under Monopolistic Competition

Chapter 14 Labor Market
14. 1 Demand and Supply
14. 2 Marginal Productivity Theory
14. 3 Supply Curve of Labor
14. 4 Monopsony and Exploitation of labor

Chapter 15 Capital Market
15. 1 Basic Concepts
15.2 Productivity of Capital
15.3 Market Rate of Interest
15.4 Investment Decisions

Appendix Nobel Laureates

Questions

Bibliography

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