Nagpal institute of training and coaching
Economics
Course Module
Module 1: Introduction to Economics
- 1.1 Definition and Scope of Economics
- 1.2 Basic Economic Concepts (Scarcity, Opportunity Cost, Trade-offs)
- 1.3 Microeconomics vs. Macroeconomics
- 1.4 Economic Systems (Capitalism, Socialism, Mixed Economies)
- 1.5 Role of Government in the Economy
Module 2: Supply and Demand
- 2.1 Law of Demand and Supply
- 2.2 Determinants of Demand and Supply
- 2.3 Market Equilibrium
- 2.4 Elasticity of Demand and Supply
- 2.5 Government Intervention in Markets
Module 3: Consumer Behavior and Utility
- 3.1 Utility and Marginal Utility
- 3.2 Consumer Preferences and Choice
- 3.3 Budget Constraints and Consumer Equilibrium
- 3.4 Indifference Curves
- 3.5 Consumer Surplus
Module 4: Production and Costs
- 4.1 Factors of Production (Land, Labor, Capital)
- 4.2 Production Functions
- 4.3 Short-Run and Long-Run Costs
- 4.4 Economies of Scale
- 4.5 Producer Surplus
Module 5: Market Structures
- 5.1 Perfect Competition
- 5.2 Monopoly
- 5.3 Monopolistic Competition
- 5.4 Oligopoly
- 5.5 Competition Policy and Regulation
Module 6: Macroeconomic Indicators
- 6.1 Gross Domestic Product (GDP)
- 6.2 Unemployment Rate
- 6.3 Inflation and Deflation
- 6.4 Business Cycles
- 6.5 Economic Indicators and Their Significance
Module 7: Fiscal Policy and Monetary Policy
- 7.1 Government Spending and Taxation
- 7.2 Budget Deficits and Surpluses
- 7.3 The Federal Reserve System
- 7.4 Money Supply and Interest Rates
- 7.5 Tools of Monetary Policy
Module 8: International Trade and Finance
- 8.1 Comparative Advantage and Trade
- 8.2 Balance of Payments
- 8.3 Exchange Rates
- 8.4 Trade Policies (Tariffs, Quotas)
- 8.5 Globalization and its Impact
Module 9: Economic Growth and Development
- 9.1 Factors Affecting Economic Growth
- 9.2 Measures of Economic Development
- 9.3 Theories of Economic Development
- 9.4 Poverty and Inequality
- 9.5 Sustainable Development
Module 10: Economic Policy and Contemporary Issues
- 10.1 Environmental Economics
- 10.2 Behavioral Economics
- 10.3 Health Economics
- 10.4 Technology and Innovation
- 10.5 Economic Challenges in the 21st Century
