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Economic Theory

  

Economic Theory

Economic Theory

Economics is a social science which deals with human wants and their satisfaction. It is mainly concerned with the way in which a society chooses to employ its scarce resources which have alternative uses, for the production of goods for present and future consumption. Topics covered includes: Nature and Scope ofEconomics, Basic Economic Problems, Theory of Consumer Behaviour, Demand and Supply, Equilibrium Price, Production, Cost and Revenue, Market Structure and Pricing, Marginal Productivity Theory of Distribution, Simple Theory oflncome Determination, Monetary Policy, Fiscal Policy.

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s153 Pages

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