sir give list of expected questions of economics.
Dear Student, on basis of our analysis of last few years board paper, here is a list of important topics and concepts for Economics exam.
Microeconomics
Microeconomics
- Ch-1: Definition of Scarcity, MRT, Opportunity Cost, Three Central Problems and Shifts in PPC – 3 to 4 Marks
- Ch-2: Utility Analysis of Two Goods, IC Approach, factors affecting demand and elasticity of demand. Definition of Giffen and Inferior Goods. Numerical based on Elasticity of demand - 6 Marks
- Ch-3: Numerical based on TP, AP and MP. Law of Variable Proportions and Diminishing Marginal Returns, Explicit and Implicit Cost- 3 to 4 Marks
- Ch-4: Relationship b/w TR, AR and MR; TC, AC, AVC, MC, AVC- 3 to 4 Marks
- Features of Market, Short-run and Long-run Equilibrium of PC and Monopoly- 3 to 4 Marks
- Simultaneous change in Demand and Supply- Most probably increase in demand > or < increase in supply- 6 Marks
- Diff b/w stock and flow, Intermediate Goods versus Final Goods
- Numerical based on Income Method, Product Method and Expenditure Method, Private Income, personal disposable income, etc. - 6 Marks
- A small question on which items should be included or excluded from National Income- 3 to 4 Marks
- Merits and demerits of Barter System, Functions of Money, Functions of RBI, Money Creation process (credit creation), Various tools- Qualitative and Quantitative Measures- 6 Marks
- Functions of Government- Allocation, Stabilisation and Redistribution, Measures to correct budgetary deficits, Implications of Revenue Deficits and Primary Deficits- 4 Marks
- Deflationary gap, excess demand, inflationary gap-6 Marks
- Investment multiplier concept- 6 Marks