CHAPTERS
I INTRODUCTION TO ECONOMICS
- ORIGIN
- DEFINITIONS OF ECONOMICS
- ECONOMICS – A SOCIAL SCIENCE
- ECONOMICS – AN ART
- ECONOMICS – A PURE AND APPLIED SCIENCE
- ECONOMICS – A POSITIVE AND NORMATIVE SCIENCE
- TYPES OF LAWS
- FEATURES OF ECONOMIC LAWS
- PROF LIONEL ROBBINS DEFINITION OF ECONOMICS
- CRITICISM OF PROF LIONE ROBBIN’S DEFINITION
- ECONOMIC PROBLEM AT VARIOUS LEVELS
- IN SHORT
II BASIC CONCEPTS
III MECHANISMS TO SOLVE THE ECONOMIC PROBLEM
EARLIER ECONOMIC SYSTEMS BASED ON CUSTOMS, CONVENTIONS AND TRADITIONS
- PRIMITIVE COMMUNISM OR VILLAGE ECONOMY
- SLAVERY
- FEUDALISM
- BALUTADARI SYSTEM
- JAJMANI SYSTEM
- EARLIER ECONOMIC SYSTEMS BASED ON CENTAL DIRECTION
- KAUTILYA’S ARTHASHASHTRA
- ABUL FAZL,S AKBARNAMA
MODERN ECONOMIC SYSTEMS
- CENTRALLY PLANNED ECONOMIC SYSTEM
- CAPITALIST ECONOMY
- MIXED ECONOMY
IV MICRO ECONOMICS
- Introduction to micro economics.
- Meaning of micro economics
- Definitions of micro economics
- The subject matter or scope of micro economics
- Main features of micro economics
- Importance / Uses / Significance / Advantages of Micro economics.
- Limitations / Disadvantages of Micro economics.
V CONSUMERS BEHAVIOUR/UTILITY
- ASPECT’S OF UTILITY
- TYPES OF UTILITY
- CONCEPTS OF UTILITY
- RELATION BETWEEN TOTAL UTILITY AND MARGINAL UTILITY
- ASSUMPTIONS OF THE LAW OF DIMINISHING MARGINAL UTILITY
- LAW OF DIMINISHING MARGINAL UTILITY
- EXCEPTIONS TO THE LAW OF DIINISHNG MARGINAL UTILITY
- CRITISMS OF THE LAW OF DIMINISHJNG MARGINAL UTILITY
- IMPORTANCE OF THE LAW OF DIMINISHING MARGINAL UTILITY
- MONEY AND THE LAW OF DIMINISHING MARGINAL UTILITY
- RELATION BETWEEN MARGINAL UTILITY AND PRICE
VI Demand
- INTRODUCTION
- CHARECTERISTICS OF DEMAND
- TYPES OF DEMAND
- ANALYSIS OF DEMAND
- ASSUMPTIONS OF THE LAW OF DEMAND
- LAW OF DEMAND
- REASONS FOR THE INVERSE RELATION BETWEEN PRICE AND QUANTITY DEMANDED
- EXCEPTIONS TO THE LAW OF DEMAND
- USEFULNESS OF THE DEMAND SCHEDULE.
- SHIFTS IN DEMAND
XI Factor Market
XII MACRO ECONOMICS
- Introduction to macro economics.
- Meaning of macro economics
- Definitions of macro economics
- The subject matter or scope of macro economics
- Main features of macro economics
- Importance / Uses / Significance / Advantages of Macro economics.
- Limitations / Disadvantages of Macro economics.
XIII Central Bank
- Origin of central bank
- Definitions of central bank
- Functions of central bank – Monopoly of note issue
- Functions of central bank – Banker to the government
- Functions of central bank – Bankers bank
- Functions of central bank – Custodian of foreign exchange reserves of the country and maintenance of exchange rate stability
- Functions of central bank – Controller of credit or money supply in the economy
- Functions of central bank – Developmental and Promotional functions
- Functions of central bank – Data collection and publicity
- Conclusion
- Quantitative tools of credit control – Measures of credit control – Meaning
- Quantitative tools of credit control – The bank rate or the discount rate
- Quantitative tools of credit control –Open market operation operations
- Quantitative tools of credit control –Variable reserve ratio
- Quantitative tools of credit control – Statutory liquidity ratio
- Quantitative tools of credit control – Repo rate
- Quantitative tools of credit control – Reverse repo rate
- Qualitative tools of credit control – Regulation of margin requirement
- Qualitative tools of credit control – Regulation of consumer credit
- Qualitative tools of credit control – Issuing directives
- Qualitative tools of credit control – Rationing of credit
- Qualitative tools of credit control – Moral suasion
- Qualitative tools of credit control – Direct action
- Qualitative tools of credit control – Publicity
XIII MONEY