Definition, Nature of Economics as an Art or Science
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2
Scope & Limitation of Economics
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3
Relevance of Economics in Business Management
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4
Utility Analysis
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5
Marginal Theory of utilities
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6
Equi-Marginal theory of utility
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2 – Unit of Principles of Economics
UNIT 2
1
Meaning of Demand, Demand theory, and objectives
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2
Demand theory objectives
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3
Demand analysis, Demand schedule
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4
Demand Curve and Nature of Curves
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5
Laws of Demand Elasticity of Demand & Types
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6
Laws of Demand Elasticity of Demand Measurement
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7
Indifference curves analysis Consumer Equilibrium
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8
Consumer Surplus: Price, Income and substitution effect
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3 – Unit of Principles of Economics
UNIT 3
1
Production: Meaning and Analysis Production function
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2
Laws of production
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3
Laws of increasing returns
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4
Laws of Constant Returns
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5
Equal Product Curves and Producer equilibrium
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4 – Unit of Principles of Economics
UNIT 4
1
Market Analysis: Nature of market
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2
Types of markets and their characteristics
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3
Pricing under different market structures: Perfect Monopoly
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4
Pricing under different market structures: Oligopoly
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5
Pricing under different market structures: Monopolistic completion
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6
Price Discrimination under Monopoly Competition
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5 – Unitof Principles of Economics
UNIT 5
1
Theories of factor pricing
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2
Factor pricing v/s Product pricing
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3
Theories of rent
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4
Theories of interest
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5
Theories of Wages
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6
Theories of Profit
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7
Concept of Profit Maximization
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