Topics
Section 1
The Basic Economic Problem
Chapter 1 Factors of Production
Chapter 2 Scarcity and Opportunity Cost
Chapter 3 Production Possibility Curve
Section 2
Allocation of Resources
Chapter 4 Market and Mixed Economies
Chapter 5 Demand
Chapter6 Supply
Chapter 7 Equilibrium Price
Chapter 8 Elasticity of Demand
Chapter 9 Elasticity of Supply
Chapter10 Merits of the Market System
Chapter11 Market Failure
Chapter12 Use of Resources
Chapter13 Public Expenditure versus Private Expenditure
Section 3
The Individual as Producer, Consumer and Borrower
Chapter 14 Specialisation, Exchange and Money
Chapter 15 Banks
Chapter 16 Stock Exchanges
Chapter 17 Choice of Occupation
Chapter 18 Differences in Earnings
Chapter 19 Changes in Earnings
Chapter 20 Trade Unions
Chapter 21 Motives for Spending, Saving and Borrowing
Chapter 22 Differences in Expenditure Patterns
Section 4
The Private Firm as Producer and Employer
Chapter 23 Types of Business Organisations
Chapter 24 Demand for Factors of Production
Chapter 25 Costs of Production
Chapter 26 Principle of Profit Maximisation
Chapter 27 Pricing and Output Strategies
Chapter 28 Different Size of Firms and Integration
Chapter 29 Economies of Scale
Section 5
Role of Government in an Economy
Chapter 30 The Government as a Producer and an Employer
Chapter 31 Aims of Government
Chapter 32 The Government’s Influence on Private Producers
Chapter 33 Conflicts between Government Aims
Chapter 34 Types of Taxation
Chapter 35 Incidence and Impact of Taxation and Subsidies
Government Policies & Tools for Managing the Economy
Section 6
Economic Indicators
Chapter 36 Retail Price Index
Chapter 37 Causes and Consequences of Inflation
Chapter 38 Employment
Chapter 39 Causes and Consequences of Unemployment
Chapter 40 Gross Domestic Product
Chapter 41 Living Standards
Section 7
Developed and Developing Countries
Chapter 42 Different Stages of Development
Chapter 43 Inequality and Poverty
Chapter 44 Population Growth
Chapter 45 The Effects of Changes in Population
Chapter 46 Problems of Development
Section 8
International Aspects
Chapter 47 The Structure of the Balance of Payments
Chapter 48 Changing Patterns of Exports and Imports
Chapter 49 International Trade
Chapter 50 Exchange Rates
Chapter 51 Change in Exchange Rates
Chapter 52 Free Trade and Protection
The Basic Economic Problem
Chapter 1 Factors of Production
Chapter 2 Scarcity and Opportunity Cost
Chapter 3 Production Possibility Curve
Section 2
Allocation of Resources
Chapter 4 Market and Mixed Economies
Chapter 5 Demand
Chapter6 Supply
Chapter 7 Equilibrium Price
Chapter 8 Elasticity of Demand
Chapter 9 Elasticity of Supply
Chapter10 Merits of the Market System
Chapter11 Market Failure
Chapter12 Use of Resources
Chapter13 Public Expenditure versus Private Expenditure
Section 3
The Individual as Producer, Consumer and Borrower
Chapter 14 Specialisation, Exchange and Money
Chapter 15 Banks
Chapter 16 Stock Exchanges
Chapter 17 Choice of Occupation
Chapter 18 Differences in Earnings
Chapter 19 Changes in Earnings
Chapter 20 Trade Unions
Chapter 21 Motives for Spending, Saving and Borrowing
Chapter 22 Differences in Expenditure Patterns
Section 4
The Private Firm as Producer and Employer
Chapter 23 Types of Business Organisations
Chapter 24 Demand for Factors of Production
Chapter 25 Costs of Production
Chapter 26 Principle of Profit Maximisation
Chapter 27 Pricing and Output Strategies
Chapter 28 Different Size of Firms and Integration
Chapter 29 Economies of Scale
Section 5
Role of Government in an Economy
Chapter 30 The Government as a Producer and an Employer
Chapter 31 Aims of Government
Chapter 32 The Government’s Influence on Private Producers
Chapter 33 Conflicts between Government Aims
Chapter 34 Types of Taxation
Chapter 35 Incidence and Impact of Taxation and Subsidies
Government Policies & Tools for Managing the Economy
Section 6
Economic Indicators
Chapter 36 Retail Price Index
Chapter 37 Causes and Consequences of Inflation
Chapter 38 Employment
Chapter 39 Causes and Consequences of Unemployment
Chapter 40 Gross Domestic Product
Chapter 41 Living Standards
Section 7
Developed and Developing Countries
Chapter 42 Different Stages of Development
Chapter 43 Inequality and Poverty
Chapter 44 Population Growth
Chapter 45 The Effects of Changes in Population
Chapter 46 Problems of Development
Section 8
International Aspects
Chapter 47 The Structure of the Balance of Payments
Chapter 48 Changing Patterns of Exports and Imports
Chapter 49 International Trade
Chapter 50 Exchange Rates
Chapter 51 Change in Exchange Rates
Chapter 52 Free Trade and Protection