Fundamentals of Economics Study Materials 2020 – Download Unit wise PDFs & Important Questions


Download Fundamentals of Economics Study Materials 2020. In this article, we are going to provide the Study Notes for Management Studies. These Study Books will be useful for Management & Commerce students. The concepts of Introduction of Economics, Theory of Consumer Behaviour, Market Structure, Pricing in Factor Markets, Money and Prices, etc. are well explained in these materials. We provide genuine notes relating to the subject. Preparation becomes easy by learning from these materials. Candidates can download the notes by the links given below.

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Fundamentals of Economics Study Materials - Download Economics Study Books PDF

Fundamentals of Economics Study Materials

Name of the Subject Fundamentals of Economics 
Category Social Sciences
Useful for BA in Economics 
Course Type Graduation Courses
Article on Study Materials 2020
Study Material Format PDF
Download Other Study Materials Click Here

Chapters & Topics

Introduction of Economics

  • Central Problems
  • Basic Economics Concepts
  • Methods of Economic Analysis

Theory of Consumer Behaviour

  • Demand Function and Elasticity
  • Consumer Equilibrium: Cardinal and Ordinal Approaches

Theory of Production and Costs

  • Theory of Production
  • Theory of Costs

Market Structure

  • Various Forms of Market
  • Theory of Monopoly
  • Theory of Monopolistic Competition

Pricing in Factor Markets

  • Marginal Productivity
  • Rent, Interest and Profit

Macroeconomic Aggregates

  • Circular Flow and National Income
  • National Income Measurement

Determination of Income, Employment, and Interest

  • Equilibrium in Goods Market
  • Equilibrium in Money Market
  • Integration of Goods and Money Markets

Money and Prices

  • Quantity Theory of Money
  • Inflation and Unemployment

Introduction to International Trade and Public Economics

  • Topics in International Economics
  • Public Economics

Basic Concepts of Economics Study Books

Subject  Download Links 
Economics Click Here

Subject in the Universities

This subject will be useful to the students who are pursuing a Bachelor’s Degree in Arts in Economics. The following university students can also download Fundamentals of Economics study materials : 

  • Rai Technology University
  • Delhi University
  • Utkal University
  • University of Calicut

Subject in the Semesters

Fundamentals of Economics subject will be studied by the students in the following semesters of their respective courses :

  • BA Economics I Semester

Unit wise PDFs

Download Unit wise PDFs of Fundamentals of Economics subject :

Units  Download Links 
Introduction of Economics Download 
Theory of Consumer Behaviour Click Here 
Theory of Production and Costs Download 
Market Structure Click Here 
Pricing in Factor Markets Download 
Macroeconomic Aggregates Click Here 
Determination of Income, Employment, and Interest Download 
Money and Prices Click Here 
Introduction to International Trade and Public Economics Download 

Important Questions

We have mentioned some of the important questions of Fundamentals of Economics subject :

  • What is Production Possibilities Curve (PPC)?
  • Distinguish between Positive Economics and Normative Economics with illustrations.
  • Explain the basic differences between two branches of economic theory: Micro and Macro?
  • Describe the concept of market and its functioning?
  • Define demand function and supply function?
  • Explain the difference between partial and general equilibrium approaches?
  • What is the difference between static and dynamic methods of analysis?
  • Describe the difference (if any) between economic theory and economic law?
  • Explain the difference between a stock variable and a flow variable?
  • What is meant by Elasticity of Demand?
  • Describe the law of diminishing marginal utility?
  • Explain the concept of consumer surplus?
  • Describe the consumer’s equilibrium condition in terms of ordinal utility theory?
  • Explain the differences between normal, inferior, and Giffen goods?
  • Define inflation and its causes?
  • Explain the relation between inflation and unemployment using the Phillips curve?
  • What is the effect of inflation on various sections of society and the economy in general?

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