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Soft Skills Courses
EEC-11 Fundamentals of Economics (BA)
EEC-11
EEC-11 Fundamentals of Economics (BA)
EEC-11 Fundamentals of Economics (BA)
Unit-1 Central Problems
The purpose of this unit is to define the subject matter of economics, highlighting what constitute the central (essential) problems of an economy.
Video lesson
Self-Assessment
Questions with answers
Unit-2 Basic Economic Concepts
In this unit we will first spell out the distinction between micro and macroeconomics.
Video lesson
Self-Assessment
Questions with answers
Unit-3 Methods of Economic Analysis
In this unit we go through the discourse on the distinction between partial and general equilibrium analysis.
Video lesson
Self-Assessment
Questions with answers
Unit-4 Demand Function and Elasticity
In this unit we will be focussing on the consumer’s demand function for a good .
Video lesson
Self-Assessment
Questions with answers
Unit-5 Consumer Equilibrium - Cardinal and Ordinal Approaches
In this unit, we continue the discussion on demand and focus our attention on consumer’s behaviour in order to explain the law of demand.
Video lesson
Self-Assessment
Questions with answers
Unit-6 Theory of Production
In this unit, we will understand the concept of production function as the relation between output and inputs.
Video lesson
Self-Assessment
Questions with answers
Unit-7 Theory of Costs
In this unit, we will distinguish between various types of costs and identify the relationships amongst them.
Video lesson
Self-Assessment
Questions with answers
Unit-8 Various Forms of Market
In this unit, we aim to explore how a firm maximises its profit under perfect competition.
Video lesson
Self-Assessment
Questions with answers
Unit-9 Theory of Monopoly
This unit tries to define monopoly, describe the causes why monopolies emerge; discuss the demand and the cost conditions, and the pricing and output decisions under monopolies.
Video lesson
Self-Assessment
Questions with answers
Unit-10 Theory of Monopolistic Competition
This unit tries to define monopolistic competition, explain the concept of product differentiation and describe the main decision variables of monopolistic competition.
Video lesson
Self-Assessment
Questions with answers
Unit-11 Marginal Productivity
This unit gives you an overview of marginal productivity theory of distribution.
Video lesson
Self-Assessment
Questions with answers
Unit-12 Rent, Interest and Profit
In this unit, we focus our attention on determination of rates of remuneration/rewards for non-labour factors of production.
Video lesson
Self-Assessment
Questions with answers
Unit-13 Circular Flow and National Income
In this unit,we will learn the meaning of the term ‘circular flows’, the distinction between money flows and real flows and derivation of national income from circular flows.
Video lesson
Self-Assessment
Questions with answers
Unit-14 National Income Measurement
In this unit, we will discuss the methods to measure national income of an economy.
Video lesson
Self-Assessment
Questions with answers
Unit-15 Equilibrium in Goods Market
In this unit, we will get acquainted with goods market; an equilibrium in goods market and how consumption and savings are inter-related with income.
Video lesson
Self-Assessment
Questions with answers
Unit-16 Equilibrium in Money Market
This unit relates to money market. The need to study money market arises from the fact that this market along with goods market determines the equilibrium level of income and interest rate.
Video lesson
Self-Assessment
Questions with answers
Unit-17 Integration of Goods and Money Markets
This unit relates to integration of goods and money markets.
Video lesson
Self-Assessment
Questions with answers
Unit-18 Quantity Theory of Money
In this unit, we will understand the importance of money and functions it performs and find reasons why individuals demand money.
Video lesson
Self-Assessment
Questions with answers
Unit-19 Inflation and Unemployment
In this unit you will learn about prices and inflation, a phenomenon, which we come across in our everyday life.
Video lesson
Self-Assessment
Questions with answers
Unit-20 Topics in International Economics
In this unit we will discuss the nature of international trade and the reasons why countries trade with each other.
Video lesson
Self-Assessment
Questions with answers
Unit-21 Public Economics
The earlier portions of the unit are an extension of standard microeconomics (concepts that we studied in the first few units of this course) and latter comprises concepts from what is called Public Finance.
Video lesson
Self-Assessment
Questions with answers
