Ebook Info.

1. Economics: Meaning, Scope and Subject Matter, Definitions, Activities, Approaches to Economic Analysis; Microeconomics and Macro-economics, Positive and Normative Analysis
2. Nature of Economic Theory, Rationality Assumption, Concept of equilibrium, Economic laws as generalization of Human Behaviour. Basic Concepts-Goods, Services-Classification and Characteristics, Desire, want-meaning and Characteristics, Demand, Utility, Cost and Price, Wealth, Capital, Income and Welfare
3. Agricultural Economics: Meaning, Definition, and  Characteristics of Agriculture, Importance and its Role in Economic Development. Agricultural Planning and Development in the Country
4. Demand: Meaning, Kinds of Demand, Law of Demand, Demand Schedule and Demand Curve, Determinants
5. Utility Theory - Cardinal and Ordinal Utility; Law of  Diminishing Marginal Utility, Equi-Marginal Utility Principle, Indifference Curve Analysis and Properties - Budget Line - Definition, Assumptions, Limitations and Applications
6. Consumer’s Equilibrium and Derivation of Demand Curve, Concept of Consumer Surplus and its Importance
7. Elasticity of Demand: Concept and Measurement of Price Elasticity, Income Elasticity and Cross Elasticity. Factors Influencing Elasticity of Demand, Importance of Elasticity of Demand. Standard of Living: Definition, Engel’s Law of Family Expenditure
8. Production: Process, Creation of Utility, Factors of Production Definition and Characteristics - Input Output Relationship
9. Laws of Returns: Law of Variable proportions and Law of Returns to Scale-Cost: Cost concepts, Short run and Long run Cost Curves
10. Supply: Stock versus Supply, Law of Supply, Supply Schedule, Supply Curve, determinants of Supply, Elasticity of Supply
11. Market Structure: Meaning and Types of Market, Basic features of Perfectly Competitive and Imperfect Markets. Price Determination under Perfect Competition; Short Run and Long run Equilibrium of Firm and Industry, Shut down and Break Even Points
12. Distribution Theory: Meaning, Factor Market and Pricing of Factors of Production. Concepts of Rent and Quasi Rent -Wages: Real Wage and Money Wage - Interest: Pure Interest
and Gross Interest - Profit: Meaning of Economic Profit.
13. National Income: Meaning and Importance, Circular Flow, Concepts of National Income - Accounting and Approaches to Measurement, Difficulties in Measurement
14. Population: Importance, Malthusian and Optimum Population Theories, Natural and Socio-economic Determinants, Current Policies and Programmes on Population Control
15. Money: Barter System of Exchange and its Problems, Evolution, Meaning and Functions of Money, Classification of Money, Money Supply, General Price Index, Inflation and
Deflation. Banking: Role in Modern Economy, Types of Banks,Functions of Commercial and Central Bank, credit Creation Policy
16. Agricultural and Public Finance: Meaning, Micro versus  Macro Finance, Need for Agricultural Finance, Public Revenue and Public Expenditure. Tax: Meaning, Direct and Indirect Taxes, Agricultural Taxation, VAT and GST. Economic Systems: Concepts of Economy and its Functions, Important features of Capitalistic, Socialistic and Mixed Economies, Elements of Economic Planning