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, 23.

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.