1. Historical Background of Economics in India With Special Reference to Kautilya 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. Pro-duction Function 13. Law of Returns (Law of Variable Proportion) 14. ISO-Product Curves and its Charac-teristics 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.