Concept Connection Web

Understanding the fundamental concepts of economics, bifurcated into micro and macro perspectives.

Exploring the concept of utility, consumer behavior, and the laws of diminishing marginal utility.

In-depth analysis of the law of demand and its various determinants.

Measuring the responsiveness of demand to changes in price, income, and other factors.

Understanding the law of supply, its determinants, and the concept of elasticity of supply.

Examining different market structures like perfect competition, monopoly, and oligopoly.

Learning about index numbers, their types, and their significance in economics.

Methods of measuring national income and understanding key aggregates like GDP, GNP, and NNP.

Analyzing the Indian government's revenue, expenditure, and debt management.

Understanding the structure and functions of India's financial markets.

Examining the composition, direction, and trends of India's international trade.