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All chapters and topics as per the curriculum
| Chapter | Title & Topics |
|---|---|
| 1 |
Basis Concept of Economics and Allocation of Resources
• Definition of Economics: Adam Smith, Alfred Marshall and Lionel Robbins
• Concept of Positive and Normative Economics • Concept and Difference between Microeconomics and Macroeconomics • Types of Goods and Services: Normal, Giffen, Inferior, Substitutes, Complements, Private, Public, Economic and Free goods. |
| 2 |
Demand, Supply and Market Equilibrium
Demand: Meaning, Demand function, Law of Demand, Factors affecting demand, Movement and shift in demand curve, factors responsible for shift in demand curve
Supply: Meaning, Supply function, Law of Supply, Factors affecting supply, Movement and shift in supply curve, factors responsible for shift in supply curve • Interaction between demand and supply/ Market Equilibrium Numericals |
| 3 |
Elasticity of Demand and Supply
• Concept and Types of Elasticity of Demand: Price, Income and Cross Elasticity
• Types of Price, Income and Cross Elasticity of Demand • Factors affecting price elasticity of demand • Concept and types of elasticity of supply Numericals |
| 4 |
Consumer's Behaviour
• Concept of Cardinal Utility: Total Utility and Marginal Utility
• Law of diminishing marginal utility • Law of substitution • Consumer's surplus and Producer's surplus Numericals |
| 5 |
Theory of Production
• Concept of Production and Production Function
• Total, Average and Marginal Products and their derivation • Law of Variable Proportion • Law of returns to scale Numericals |
| 6 |
Introduction to Macroeconomics
• Macroeconomic Variables
• Concept of Closed and Open Economy |
| 7 |
National Income Accounting
• Various concepts of National Income: GDP, GNP, NNP, NI, PI, DI and PCI.
• Nominal and Real GDP: Difference and Calculation, GDP Deflator • Measurement of National Income; Product, Income and Expenditure Method • Difficulties in the measurement of national income in the context of Nepal Numericals |
| 8 |
Money and Inflation
• Meaning, Importance and functions and forms of money
• Concept of money supply: Narrow and Broad Money • Quantity Theory of Money (Fisher's Equation) • Meaning, Causes and Effects of Inflation and Deflation Numericals |
| 9 |
Economic Development, Growth and Capital Formation
• Concept of Economic Development and Economic Growth
• Indicators of Economic Development • Characteristics of Developing Economies • Process of Capital Formation |
| 10 |
Review of Nepalese Economy
• Contemporary Characteristics of Nepalese Economy
• Macroeconomic indicators of central government and seven provinces of Nepal |
| 11 |
Natural Resources of Nepal
• Water Resource: Importance, Potential, Current situation and Problems
• Forest Resource: Present Situation, Importance, Causes and Consequences of Deforestation • Mineral Resource: Importance, Problems • Natural Resource Management, Climate Change, and its impact in the economy |
| 12 |
Agriculture
• Characteristics of Nepalese Agriculture
• Measures to Modernization and commercialization of agriculture sector in Nepal • Sources of Agriculture Finance • Nature of agriculture marketing, problems and measures to solve the problems |
| 13 |
Manufacturing and Tourism Industry in Nepal
• Concept and types of Industry
• Brief History of Industrial development in Nepal • Importance and problems of Nepalese Industrial Sector • Tourism Industry: Importance, Present Situation, Prospects, Problems and Remedial Measures |
| 14 |
Transportation and Communication
• Role of Transportation and communication in economic development
• Means of transportation and communication and Present situation |
| 15 |
Fundamental concepts of Mathematics
• Importance and application of mathematics in economics
• Equation of straight line • Differential calculus: Simple and Partial Derivatives |