1. Historical Background of Economics in India, 2. The Definitions of Economics, 3. Scope of Economics and its Nature 4. Micro and Macro Economics, 5 .Methods of Economic 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 Competition (Price Determination & Equilibrium of Firm in Perfect Competition), 18. Monopoly and price Discrimination, 19. Monopolistic Competition, 20. Rent 21. Wages, 22. Interest, 23. Profits .