Economics/Business Economics for NCET

• 1

  Introduction and Theory of Consumer Behaviour

  Microeconomics, Unit I. Covers Meaning and scope of microeconomics; Consumer’s equilibrium: utility approach; Consumer’s budget and optimal choice; Demand; Price elasticity of demand.

  • Meaning and scope of microeconomics 5 questions
  • Consumer’s equilibrium: utility approach 5 questions
  • Consumer’s budget and optimal choice 5 questions
  • Demand 5 questions
  • Price elasticity of demand 5 questions
• 2

  Production and Costs

  Microeconomics, Unit II. Covers Production function; Cost concepts; Revenue concepts; Producer’s equilibrium.

  • Production function 5 questions
  • Cost concepts 5 questions
  • Revenue concepts 5 questions
  • Producer’s equilibrium 5 questions
• 3

  Theory of the Firm under Perfect Competition

  Microeconomics, Unit III. Covers Features of perfect competition; Profit maximisation; Supply.

  • Features of perfect competition 5 questions
  • Profit maximisation 5 questions
  • Supply 5 questions
• 4

  Market Equilibrium and Simple Applications

  Microeconomics, Unit IV. Covers Market equilibrium; Price ceiling and price floor.

  • Market equilibrium 5 questions
  • Price ceiling and price floor 5 questions
• 5

  National Income Accounting

  Macroeconomics, Unit I. Covers Basic concepts of macroeconomics; Circular flow of income; Methods of calculating national income; National income aggregates; GDP and welfare.

  • Basic concepts of macroeconomics 5 questions
  • Circular flow of income 5 questions
  • Methods of calculating national income 5 questions
  • National income aggregates 5 questions
  • GDP and welfare 5 questions
• 6

  Money and Banking

  Macroeconomics, Unit II. Covers Money; Supply and creation of money; Central bank.

  • Money 5 questions
  • Supply and creation of money 5 questions
  • Central bank 5 questions
• 7

  Determination of Income and Employment

  Macroeconomics, Unit III. Covers Aggregate demand and its components; Income determination; Multiplier; Excess and deficient demand.

  • Aggregate demand and its components 5 questions
  • Income determination 5 questions
  • Multiplier 5 questions
  • Excess and deficient demand 5 questions
• 8

  Government Budget and the Economy

  Macroeconomics, Unit IV. Covers Government budget; Receipts and expenditure; Budget deficits.

  • Government budget 5 questions
  • Receipts and expenditure 5 questions
  • Budget deficits 5 questions
• 9

  Open Economy Macroeconomics

  Macroeconomics, Unit V. Covers Balance of payments; Foreign exchange rate.

  • Balance of payments 5 questions
  • Foreign exchange rate 5 questions
• 10

  Development Policies and Experience (1947–90)

  Indian Economic Development, Unit I. Covers Indian economy on the eve of independence; Five Year Plans; Agriculture: features, problems and policies; Industry: features, problems and policies; Foreign trade.

  • Indian economy on the eve of independence 5 questions
  • Five Year Plans 5 questions
  • Agriculture: features, problems and policies 5 questions
  • Industry: features, problems and policies 5 questions
  • Foreign trade 5 questions
• 11

  Economic Reforms since 1991

  Indian Economic Development, Unit II. Covers Liberalisation, privatisation and globalisation; Appraisal of LPG policies.

  • Liberalisation, privatisation and globalisation 5 questions
  • Appraisal of LPG policies 5 questions
• 12

  Current Challenges Facing the Indian Economy

  Indian Economic Development, Unit III. Covers Human capital formation; Rural development; Employment; Environment and sustainable development.

  • Human capital formation 5 questions
  • Rural development 5 questions
  • Employment 5 questions
  • Environment and sustainable development 5 questions
• 13

  Development Experience of India and its Neighbours

  Indian Economic Development, Unit IV. Covers India, Pakistan and China compared; Development strategies.

  • India, Pakistan and China compared 5 questions
  • Development strategies 5 questions

Practice questions and mock tests