SAMPLE LECTURETable of contentBASIC ECONOMICS1. Nature and Scope of Economics Definition, nature and scope of economics; micro and macro economics; positive and normative economics; working of economic systems with special reference to the capitalistic, socialistic and the mixed economies.2. Demand Analysis Utility analysis – total utility and marginal utility; law of diminishing marginal utility; law of equi-marginal utility; indifference curves – meaning, properties, marginal rate of substitution; consumers’ equilibrium; law of demand; elasticity of demand.3. Production, Costs and Revenue Analysis Laws of returns; returns to scale; costs and revenue concepts and their relationship with output; economies and diseconomies of scale.4. Equilibrium of the Firm and Industry Price and output determination under perfect competition, monopoly and monopolistic competition.5. National Income Concept, significance and measurement of national income.6. Money and Credit Concept of money and credit; the Quantity theory of money; the supply of money; credit creation by bank; functions of central banking and its instruments of credit control.7. Theory of Employment and Income Determination Framework of Keynesian theory of income and employment, consumption function, investment function and their determinants, investment multiplier; determination of level of income and employment; Keynesian theory with reference to developing economies.8. Inflation and Deflation Concept and features of inflation, demand pull and cost push inflation; measures to control inflation; deflation and measures to control it; stagflation.9. International Trade and Balance of Payments Theory of comparative cost advantage, terms of trade and their determinants, concept of rate of exchange; balance of trade and balance of payments and their relationship, measures against balance of payments disequilibrium. Product DescriptionCS FOUNDATION – Business Environment and Entrepreneurship consists Complete Video Lecture + eBooks + Test Paper Package consists of top quality video lectures of around 20 hours duration, exhaustive notes and Test Paper. The full eCourse Package along with the required software is delivered on DVDs. The eCourse is suitable for consumption on Windows PC/Laptop or Android Tablet/Smartphones.
Applicable For June 2015