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Economics 12 Notes

Economics XII Notes

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Role of international trade
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Role of international trade

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2 min read
Concepts of short run average cost
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Concepts of short run average cost

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Equilibrium
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Equilibrium

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Interest
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Interest

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

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Free trade
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Free trade

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The Laws of returns to scale
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The Laws of returns to scale

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Relationship between MC and AC
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Relationship between MC and AC

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Concept of revenue
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Concept of revenue

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Concept of market economy
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Concept of market economy

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Criticism of Consumers’ Surplus
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Criticism of Consumers’ Surplus

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Comparative cost theory of international trade
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Comparative cost theory of international trade

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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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Difference between fixed and variable cost
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Difference between fixed and variable cost

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

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Wage fund theory of wage
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Wage fund theory of wage

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Theory of product pricing
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Theory of product pricing

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Meaning of Production
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Meaning of Production

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Factors determining the elasticity of Demand
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Factors determining the elasticity of Demand

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Movement Along Demand Curve
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Movement Along Demand Curve

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Definition of money
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Definition of money

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Stages of population
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Stages of population

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

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Movement Along Supply Curve
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Movement Along Supply Curve

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Capital
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Capital

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Joint Stock Company
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Joint Stock Company

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6 min read
Determinants of supply
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Determinants of supply

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Simple price index number
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Simple price index number

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Unitary elastic demand
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Unitary elastic demand

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Change in Optimum Population
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Change in Optimum Population

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Limitation of diminishing marginal utility
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Limitation of diminishing marginal utility

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Perfectly elastic demand
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Perfectly elastic demand

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

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Uncertainty theory of profit
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Uncertainty theory of profit

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Labor division
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Labor division

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Meaning of Bank
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Meaning of Bank

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Meaning of international trade
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Meaning of international trade

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Balance of payment
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Balance of payment

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Cross elasticity of demand
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Cross elasticity of demand

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Land
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Land

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Concepts of Utility
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Concepts of Utility

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Concept of short-run total cost curves
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Concept of short-run total cost curves

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Factors of production
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Factors of production

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Perfectly inelastic demand
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Perfectly inelastic demand

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Concept of short run cost
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Concept of short run cost

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Negative cross elasticity of demand
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Negative cross elasticity of demand

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Positive cross elasticity of substitute goods
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Positive cross elasticity of substitute goods

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Organization
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Organization

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Importance of the law of diminishing marginal utility
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Importance of the law of diminishing marginal utility

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

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Demand for capital
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Demand for capital

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Concept of money market
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Concept of money market

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Meaning of Demand
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Meaning of Demand

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Monopoly Market
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Monopoly Market

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Supply Curve
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Supply Curve

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Sole trading concern
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Sole trading concern

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Types of Demand
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Types of Demand

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Wage
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Wage

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Zero income elasticity of demand
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Zero income elasticity of demand

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

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