Economics Course Content

Unit 1: Introduction to Economics

1. Meaning, nature, and scope of economics

2. Basic economic problems of an economy

3. Central problems: What, How, and For whom to produce

4. Microeconomics vs. Macroeconomics

5. Positive and normative economics

6. Economic resources and scarcity

7. Opportunity cost and production possibilities frontier (PPF)

Unit 2: Consumer Behaviour & Demand

1. Meaning of demand

2. Law of demand and exceptions

3. Determinants of demand

4. Movement vs. shift in demand curve

5. Elasticity of demand (Price, Income, Cross)

6. Utility analysis: Total utility & marginal utility

7. Indifference curve approach

Unit 3: Producer Behaviour & Supply

1. Meaning and law of supply

2. Determinants of supply

3. Elasticity of supply

4. Cost of production: Fixed, variable, total cost

5. Revenue concepts: TR, AR, MR

6. Production function: Short-run & long-run

7. Returns to a factor and returns to scale

Unit 4: Market Forms

1. Meaning and types of markets

2. Perfect competition: Features & price determination

3. Monopoly: Features, price discrimination

4. Monopolistic competition: Features & equilibrium

5. Oligopoly: Characteristics & price rigidity

6. Comparison of different market structures

Unit 5: National Income Accounting

1. Concepts of national income: GDP, GNP, NNP, NI, PI, DI

2. Methods of calculating national income

3. Real vs. nominal GDP

4. Limitations of national income measurement

5. Circular flow of income

Unit 6: Money & Banking

1. Meaning and functions of money

2. Types of money

3. Banking system: Commercial banks & Central bank

4. Credit creation by commercial banks

5. Functions of RBI

6. Monetary policy: CRR, SLR, Repo, Reverse Repo

Unit 7: Government & the Economy

1. Role of government in an economy

2. Public expenditure and public revenue

3. Taxation: Direct and indirect taxes

4. Budget: Meaning, components & types

5. Fiscal policy and its instruments

Unit 8: Inflation & Unemployment

1. Meaning and types of inflation

2. Causes and consequences

3. Demand-pull vs. cost-push inflation

4. Meaning and types of unemployment

5. Measures to control inflation & unemployment

Unit 9: Indian Economy

1. Features of Indian economy

2. Economic planning in India

3. Poverty, unemployment, and inequality

4. Agriculture, industry, and service sectors

5. Recent economic reforms: LPG (1991)

6. Government schemes & economic development programs

Unit 10: International Economics

1. International trade: Meaning & importance

2. Balance of payments (BoP)

3. Exchange rate and foreign exchange market

4. WTO, IMF, World Bank

5. Globalisation, liberalisation, privatization
   Teaching Method (Online Mode)

   Rishabh Agarwal’s online teaching is structured, analytical, and highly interactive:

   • Live classes with clear, simplified explanations

   • Diagram-based learning for key economic models

   • Weekly revision tests & quizzes

   • CUET/board-style question practice

   • A/AS Level essay writing guidance

   • Doubt-clearing after every session

   • Notes & summaries for quick revision

   His step-by-step approach ensures students understand each concept before moving ahead.

   🔹 Why Learn from Rishabh Agarwal

   • Strong command over both school-level and A/AS Level Economics

   • Ability to simplify complex topics using real-world examples

   • Focus on concept clarity + exam-oriented preparation

   • Encouraging and patient teaching approach

   • Graphical and analytical explanation style that builds confidence

   Rishabh’s students gradually develop the ability to think like economists and express ideas logically.

   🔹 Benefits / Learning Outcomes

   By the end of the course, students will:

   • Master Micro & Macro concepts with full clarity

   • Improve performance in Class 11–12 and A/AS Level exams

   • Write well-structured, analytical, and graph-supported answers

   • Strengthen understanding of national and international economic systems

   • Build foundational knowledge for higher studies in Economics, B.Com, BBA & public policy

   • Gain confidence in interpreting data, graphs, and case studies