Fundamentals of Economics

Basic Concepts of Economics

  • Definition and Scope of Economics
  • Few Fundamental Concepts
  • Study Note 2 : Theory of Demand and Supply
  • Demand
  • Supply
  • Equilibrium

Theory of Production

  • Meaning of Production
  • Factors of Production and its Classification
  • Production Functions
  • Law of Variable Proportion
  • Law of Return to Scale

Theory of Cost

  • Meaning of Cost
  • Cost Function
  • Cost Curves
  • Economies of Scale

Market

  • Meaning of Market
  • Perfect Competition
  • Imperfect Competition

Money

  • Definition of Money
  • Functions of Money
  • Components of Money Supply
  • Quantity Theory of Money

Bank

  • Meaning of Banking
  • Commercial Banks
  • Central Bank
  • Financial Institution

Money Market

  • Meaning of Money Market
  • Structure and Functions of Indian Money Market