Economics Part 1 & Part 2

ICom FA ICS Economics 1st Year and 2nd Year Notes Class 11th and  Class 12th

ICom Notes 

Multiple Choice Questions (MCQs), Exercise Short Questions, Numerical Problems, Definitions and Extra Short Questions and Long Questions. 

1. Scope of Economics	2. Basics of Economics	3.Origin of word Economics & Early Def
4. Smith’s Def of Economics	5. Marshal’s Def of Economics	6. Robbins Def of Economics
7. Comparison of Marshall’s & Robbins Def of Economics	8. Monopoly	9. Price Determines the Demand
10. Importance of Elasticity of Demand	11. Why does Law of Diminishing Returns apply to Agriculture?	12. Law of Diminishing Returns
13. Economics of Scale	14. Propositions of The Theory	15. Malthusian Theory of Population
16. Market Price	17. Elasticity of Demand	18. Demand Curve
19. Demand Schedule	20. Law of Demand	21. Marginal Utility and Price
22. Criticism	23. Mobility of Labour	24. Division of Labour
25. Factors Determining Efficiency of Labour	26. Efficiency of Labour	27. Labour
28. Importance of Capital	29. Formation of Capital	30. Capital &Wealth
31. Capital	32. Land	33. Measurement of Elasticity
34. National Income Def & Concept of National Income	35. Methods of Calculating National Income & Difficulties in Calculating NI	36. Rent, Recardian Theory of Rent & Quasi Rent
37. Modern Theory of Rent	38. Wages and Its Forms, Factors Determining Real Wages and Relative Wages	39. Importance of National Income Computation in Modern Economic Analysis
40. Causes of Differences (Wages)	41. Interest, Gross Interest and Net Interest	42. Constituents of Gross Interest
43. Why Interest is Paid?	44. Liquidity Preference Theory (Interest)	45. Profit, Pure or Net Profit, Gross Profit
46. Constituents of Gross Profit	47. Different Theories of Profit	48. Trade Union & Functions of Trade Union
49. Importance of Labour Unions & Value of Money	50. Definition of Money & Functions of Money	51. Types of Money
52. Quantity Theory of Money	53. Importance of Money	54. Dangers of Money
55. Gresham’s Law (Money)	56. Bi Metallism	57. Barter System Its Defects & How Money Removed Difficulties of Barter
58. Gold Standards &Its Advantages	59. Market	---