INTRODUCTORY MICROECONOMICS COURSE STRUCTURE
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CBSE CLASS XI
(English/Hindi Narration)
Chapter 1: INTRODUCTION
1.1: Sectors of Economy & Their Dual Role
1.2: Circular Flow of Income & Economic Non Economic Activities
1.3: Factors of Production & Scarcity of Resources
TEST 1.1
1.4: Central Problems of An Economy
1.5: Production Possibility Frontier
1.6: Shifting of a PPF & its Application
TEST 1.2
1.7: Opportunity Cost
1.8: Branches of Economics
1.9: Project Work Ideas
TEST CHAPTER 1
Chapter 2: THEORY OF CONSUMER BEHAVIOUR
2.1: Introducing Consumer Demand & Budget.
2.2: Budget Line and its Properties
2.3: Shifting of Budget Line
TEST 2.1
2.4: Concept of Utility
2.5: Cardinal Utility Theory
2.6: Diminishing Marginal Utility
TEST 2.2
2.7: Ordinal Utility & Indifference Curves
2.8.1: Slope and Properties of Indifference Curve
2.8.2: Convex Shape of Indifference Curves
2.9: Indifference Map and its Properties
TEST 2.3
2.10: Consumer Equilibrium
2.11: Properties of Consumer Equilibrium
2.12: Deriving Consumer's Demand Curve
TEST 2.4
2.13: Determinants of Demand & Law of Demand
2.14: Properties of Demand Curve
2.15: Shifting Vs Movement Along Demand Curve
TEST 2.5
2.16: Normal Vs Inferior and Substitutes vs. Complements
2.17: Income and Substitution Effect
2.18: Extreme Demand Curves, Violations and Market Demand Curve
TEST 2.6
2.19: Methods of Calculating Price Elasticity
2.20: Properties of Demand Curve
2.21: Shifting Vs Movement Along Demand Curve
2.22: Elasticity & Total Revenue
TEST 2.7
2.23: Project Work Ideas
TEST CHAPTER 2
Chapter 3: PRODUCTION, COSTS, REVENUE AND PROFITS
3.1: Factors of Production.
3.2: Production Function
3.3: Short Run and Long Run
TEST 3.1
3.4: Total Product and TP Curve
3.5: MP & The Law of Variable Proportion
3.6: Relation Between MP and TP
TEST 3.2
3.7: AP and Relationship with TP & MP
3.8: Production Isoquants & Returns to Scale
3.9: TC, TFC, TVC
TEST 3.3
3.10: MC and its Relation with TC, TFC, TVC
3.11: ACs and Relationships
3.12: Relation Between SAC, AVC, AFC & MC
3.13: LR Production Costs LRAC, LRMC
TEST 3.4
3.14: TR and AR
3.15: MR and Relation with TR & AR
3.16: Revenue and Elasticity
TEST 3.5
3.17: Profits Theory TC TR Approach
3.18: Profits Theory MC MR Approach
TEST 3.6
3.19: Project Work Ideas
TEST CHAPTER 3
Chapter 4: THEORY OF FIRM UNDER PERFECT COMPETITION
4.1: Types of Industrial Organization
4.2: Features of Perfectly Competitive Firm
4.3: SR Equilibrium of Perfect Competitive Firm
4.4: LR Equilibrium of Perfect Competitive Firm
TEST 4.1
4.5: Supply Curve of Perfect Competitive Firm
4.6: Law of Supply and Supply Curve
4.7: Properties of Supply Curve
4.8: Market Supply Curve
TEST 4.2
4.9: Elasticity of Supply
TEST 4.3
4.10: Project Work Ideas
TEST CHAPTER 4
Chapter 5: MARKET EQUILIBRIUM
5.1: Meaning of Market Clearing
5.2: Properties and Changes in Equilibrium
5.3: Simultaneous Shifts in Demand and Supply Curves
TEST 5.1
5.4: Price Ceilings and Price Floors
TEST CHAPTER 5
Chapter 6: NON-COMPETITIVE MARKETS
6.1: Equilibrium of a Monopolist and its Properties
6.2: Monopolistic Competition and Oligopoly
TEST CHAPTER 6
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