Economics Subject: Beginner to Advanced Topic List
PART 1: Introduction to Economics (Beginner Level)
1. What is Economics?
- Definition and Scope
- Wants, Scarcity & Choices
- Types of Economics (Micro & Macro)
2. Basic Economic Problems
- What to produce?
- How to produce?
- For whom to produce?
3. Types of Economies
- Market Economy
- Command Economy
- Mixed Economy
4. Factors of Production
- Land
- Labour
- Capital
- Entrepreneur
5. Opportunity Cost & Production Possibility Frontier (PPF)
PART 2: Microeconomics (Foundation to Intermediate)
6. Demand and Supply
- Law of Demand and Supply
- Determinants and Shifts
Economics Subject: Beginner to Advanced Topic List
7. Elasticity
- Price, Income, Cross Elasticity
8. Consumer Behaviour
- Utility, Indifference Curve, Budget Line
9. Production and Costs
- Laws, Short-run and Long-run Costs
10. Revenue and Profit
- Types of Revenue and Profit
11. Market Structures
- Perfect, Monopoly, Monopolistic, Oligopoly
12. Price Determination and Market Equilibrium
PART 3: Macroeconomics (Intermediate to Advanced)
13. Introduction to Macroeconomics
14. National Income Accounting
- GDP, GNP, Methods, Real vs Nominal
15. Money and Banking
- Functions, RBI, Credit Creation
16. Inflation and Deflation
17. Unemployment
Economics Subject: Beginner to Advanced Topic List
18. Government and the Economy
- Fiscal Policy, Budget, Public Debt
19. Aggregate Demand & Supply
- Components, Equilibrium
20. IS-LM Model (Advanced)
21. Balance of Payments and Foreign Exchange
22. International Trade
- WTO, IMF, Trade Policies
PART 4: Development Economics (Optional Advanced Topics)
23. Economic Growth vs Development
24. Human Development Index (HDI)
25. Poverty and Inequality
26. Sustainable Development
27. Role of Agriculture, Industry, and Services