Paper I : Micro Economics

1. Definitions, Nature and Scope of Economics 2. Methods of Economic Analysis 3. Basic Concept of Micro Economics 4. Law of Demand and Its Exceptions, Giffin Goods 5. Elasticity of Demand : Price, Income and Cross Elasticity 6. Law of Supply 7. Law of Diminishing Marginal Utility and Law of Equi-Marginal Utility  (Cardinal Utility Analysis) 8. Indifference Curves : Characteristics and Consumer’s Equili-brium (Ordinal Utility Analysis) 9. Consumer’s Surplus 10. Production : Laws of Production and Law of Variable Proportions 11. Returns to Scale and Economics of Scale 12. ISO-Production Curve : Characteristics and Producer’s Equilibrium 13. Concepts of Cost and Revenue : Total Marginal and Average 14. Market : Meaning and Types 15. Demand and Supply Equilibrium, 16. Price Determination Under Perfect Competition 17. Price Determination Under Monopoly 18. Price Determination Under Monopolistic Competition 19. Factor Pricing : Marginal Productivity Theory, Modern Theory and Adding-up Theorem 20. Wages 21. Interest 22. Profit

Paper II : Indian Economy

1. Indian Economy : Nature, Structure and Features 2. Natural Resources : Land, Water, Forest and Mineral 3. India’s Demographic Features 4. Gross Domestic Product : Main Concept of National Income 5. Agriculture : Nature, Importance, Land-use Pattern, Produc-tion and Productivity 6. Changes in Cropping Pattern of Madhya Pradesh 7. Green Revolution 8. Agricultural Marketing 9. Agriculture Mechanisation 10. Industrial Policy in India (Indian Industrial Policies of 1956 and 1991 Including Industrial Policy of Madhya Pradesh) 11. Role of Public Sector in Industrialization 12. Small and Cottage Industries : Problems and Prospects 13. Start-up India and Make in India 14. Infrastructure for Indian Economy : Power, Transportation and Communication 15. Foreign Trade of India : Composition, Direction and Balance of Payment 16. Role of Foreign Direct Investment and Multinational Cor-porations 17. Planning in India : Objective, Strategy, Chievement, Failure and Niti Ayog 18. Problems of Indian Economy : Poverty and Unemployment 19. Inflation : Problem of Indian Economy 20. Black Money : A Problem of Indian Economy.