1. Introduction to Micro and Macro Economics

    Content: This chapter introduces the two major branches of economics—microeconomics (individual economic units like consumers and firms) and macroeconomics (the economy as a whole). It covers basic concepts like scarcity, opportunity cost, and the difference between micro and macro perspectives.

    Objective: To provide a foundational understanding of the scope, nature, and significance of micro and macroeconomic studies.

 2. Utility Analysis

    Content: Discusses the concept of utility (satisfaction derived from consuming goods and services), total and marginal utility, and the law of diminishing marginal utility. It explains consumer decisionmaking based on utility maximization.

    Objective: To understand how consumers make choices to maximize satisfaction and the role of utility in demand.

 3. Demand Analysis

    Content: Focuses on the law of demand, factors affecting demand, and the relationship between price and quantity demanded. It includes individual and market demand schedules, demand curves, and exceptions to the law of demand.

    Objective: To comprehend the factors influencing consumer demand and the behavior of demand in different market conditions.

 4. Elasticity of Demand

    Content: Covers the concept of elasticity, including price elasticity, income elasticity, and cross elasticity of demand. It explains how sensitive consumers are to price changes and how this affects total revenue.

    Objective: To analyze how changes in price or income affect the demand for goods and services and to measure the responsiveness of demand.

 5. Supply Analysis

    Content: Discusses the law of supply, the factors affecting supply, and the supply curve. It also covers market equilibrium, where demand equals supply, and the effects of shifts in supply on the market.

    Objective: To understand the relationship between the price of goods and the quantity supplied by producers and how markets reach equilibrium.

 6. Forms of Market

    Content: Explains different types of market structures, such as perfect competition, monopoly, monopolistic competition, and oligopoly. It includes features of each market type and the implications for pricing and competition.

    Objective: To recognize the characteristics of various market structures and their impact on pricing, competition, and consumer welfare.

 7. Index Numbers

    Content: Focuses on the concept, types, and uses of index numbers, such as price index and cost of living index. It explains how index numbers measure changes in economic variables over time, especially inflation.

    Objective: To learn how to calculate and interpret index numbers and understand their significance in economic analysis.

 8. National Income

    Content: Introduces the concept of national income, methods of measuring national income (GDP, GNP), and its components. It also covers issues related to national income accounting and its importance for the economy.

    Objective: To understand how national income is calculated its importance, and how it reflects the economic health of a nation.

 9. Public Finance in India

    Content: Covers the role of public finance, including taxation, government expenditure, public debt, and the fiscal policy of India. It examines the government's role in regulating the economy through financial measures.

    Objective: To understand how government financial policies affect economic stability, growth, and public welfare.

 10. Money Market and Capital Market in India

    Content: Discusses the structure and functions of the money market (shortterm borrowing and lending) and the capital market (longterm financing). It includes institutions, instruments, and the role of RBI and SEBI.

    Objective: To gain insights into the functioning of financial markets in India and their importance for economic growth and investment.

 11. Foreign Trade of India

    Content: Examines India’s foreign trade, including exports, imports, and the balance of payments. It also covers trade policies, export promotion, and the challenges India faces in global trade.

    Objective: To understand the importance of foreign trade for India’s economy and the policies that regulates international trade and commerce.