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Economics 12 Notes

Economics XII Notes

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Derivation of TR, AR and MR curves under the perfect competition market
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Derivation of TR, AR and MR curves under the perfect competition market

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2 min read
Comparative cost theory of international trade
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Comparative cost theory of international trade

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4 min read
Meaning of international trade
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Meaning of international trade

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1 min read
Labor
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Labor

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3 min read
Negative income elasticity of demand
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Negative income elasticity of demand

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Wage
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Wage

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Derivation of TR, AR and MR curves under monopoly market
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Derivation of TR, AR and MR curves under monopoly market

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3 min read
The Laws of returns to scale
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The Laws of returns to scale

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Zero income elasticity of demand
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Zero income elasticity of demand

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Utility
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Utility

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Income elasticity of demand greater than one
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Income elasticity of demand greater than one

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Income Elasticity of demand
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Income Elasticity of demand

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Importance of concept of Consumers’ Surplus
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Importance of concept of Consumers’ Surplus

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Factors of production
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Factors of production

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Malthusian theory of population
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Malthusian theory of population

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Determinants of supply
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Determinants of supply

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Perfectly inelastic demand
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Perfectly inelastic demand

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Sole trading concern
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Sole trading concern

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Concept of market economy
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Concept of market economy

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Wage fund theory of wage
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Wage fund theory of wage

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Perfectly elastic demand
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Perfectly elastic demand

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Simple price index number
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Simple price index number

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Criticism of Consumers’ Surplus
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Criticism of Consumers’ Surplus

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Law of Demand
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Law of Demand

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The Law of diminishing marginal utility
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The Law of diminishing marginal utility

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Income elasticity of demand less than one
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Income elasticity of demand less than one

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Inflation
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Inflation

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Definition of money
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Definition of money

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Exceptions/ Limitations of the law of substitution
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Exceptions/ Limitations of the law of substitution

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Limitations (Criticisms) of Optimum Theory
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Limitations (Criticisms) of Optimum Theory

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Supply
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Supply

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Negative cross elasticity of demand
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Negative cross elasticity of demand

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Economics XII
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Economics XII

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3
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7 min read
South Asian free trade agreement
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South Asian free trade agreement

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Types of money
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Types of money

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3 min read
The law of maximum satisfaction/ The law of equi-marginal utility/ The law of substitution
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The law of maximum satisfaction/ The law of equi-marginal utility/ The law of substitution

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Subsistence theory of wage
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Subsistence theory of wage

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Economics XII: Meaning in Factor Prices
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Economics XII: Meaning in Factor Prices

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Procedure of construction of price index
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Procedure of construction of price index

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Movement Along Demand Curve
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Movement Along Demand Curve

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Balance of payment
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Balance of payment

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Rent
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Rent

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4 min read
Value of money
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Value of money

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Limitation of diminishing marginal utility
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Limitation of diminishing marginal utility

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Interest
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Interest

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Relationship between MC and AC
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Relationship between MC and AC

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Income elasticity of demand equal to one
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Income elasticity of demand equal to one

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Law of variable production
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Law of variable production

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Movement Along Supply Curve
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Movement Along Supply Curve

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Equilibrium
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Equilibrium

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Supply Curve
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Supply Curve

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Demand curve
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Demand curve

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Types of Demand
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Types of Demand

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Difference between Money and Capital Market
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Difference between Money and Capital Market

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Meaning of Bank
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Meaning of Bank

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Stages of population
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Stages of population

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Free trade
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Free trade

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Barter system
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Barter system

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Demand for capital
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Demand for capital

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Meaning of Production
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Meaning of Production

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