1. Historical background of Economics in India (with Special Reference to Kautilya) 2. The Definitions of Economics 3. Scope of Economics 4. Micro and Macro Economics 5. Methods of Economics Study 6. Economic Laws & Their Nature 7. Basic Problems of an Economy 8. Elasticity of Demand and its Measurement 9. Concept of Revenue 10. Production and Factors of Production 11. Returns to Scale 12. Production Function 13. Law of Returns (Law of Variable Proportion) 14. ISO-Product Curves and Its Characteristics 15. Market : Concept and Types 16. Theory of Cost 17. Perfect Comptition (Price Determination & Equilibrium of Firm in Perfect Competition) 18. Monopoly and Price Discrimination 19. Monopolistics Competition 20. Rent 21. Wages 22. Interest 23. Profits.