| Section | Topics |
|---|---|
| Section A: Microeconomics | 1. Introduction to Economics: Basic concepts, scarcity, opportunity cost 2. Consumer Behavior: Consumer equilibrium, cardinal utility, indifference curve analysis 3. Production and Cost: Production function, cost concepts, firm’s equilibrium 4. Market Structures: Perfect competition, monopoly, monopsony 5. Law of Demand and Supply: Determinants, exceptions, shifts, and movements |
| Section B: Macroeconomics | 1. National Income Accounting: Concepts, methods, and importance 2. Aggregate Demand and Supply: Determinants, equilibrium, and changes 3. Money and Banking: Functions of money, banking system, monetary policy 4. Fiscal Policy and Government Budget: Objectives, instruments, and impact 5. International Trade and Balance of Payments*: Gains from trade, trade policies, BOP |
| Section C: Indian Economy | 1. Indian Economy: An Overview: Features, growth, and development 2. Agriculture in India: Importance, problems, and policies 3. Industrial Sector in India: Growth, challenges, and policies 4. Infrastructure and Economic Development: Importance, challenges, and policies |