1. Definitions, Nature and Scope of Economics 2. Relation of Economics with other Social Sciences 3. Methods of Economic Analysis—Inductive & Deductive 4. Basic Concepts of Micro Economics 5. Utility, Marginal Utility and Total Utility, Law of Diminishing Marginal Utility and Law of Equi-Marginal Utility 6. Consumer’s Surplus 7. Indifference Curve : Characteristics and Consumer’s Equilibrium Ordinal Utility Analysis 8. Revealed Preference Theory 9. Law of Demand and its Exceptions, Giffin Goods 10. Elasticity of Demand : Price, Income and Cross Elasticity 11. Law of Supply 12. Elasticity of Supply 13. Production Function 14. Production : Law of Production and Law of Variable Proportions 15. Returns to Scale and Economies of Scale 16. ISO-Production Curve : Meaning, Characteristics and Producer’s Equilibrium 17. Concepts of Cost and Revenue : Total marginal and Average 18. Market : Meaning and Types 19. Perfect Competition-Meaning, Characteristics and Price Determination 20. Price Determination Under Monopoly 21. Price Determination Under Monopolistic Competition 22. Theories of Distribution 23. Rent 24. Wages 25. Interest 26. Profit 27. Welfare Economics : A General Introduction.