Economics – CS Foundation

CS Foundation Syllabus 2020


Micro Economics
Macro Economics, Micro Economics, Positive & Normative science, Economic Laws, Economic Model, Economic System, Capitalist Economy, Socialist Economy, Mixed Economy, Production Possibility Curve

Law of Demand, Demand Schedule, Demand Curve, Change in Demand, Expansion & Contraction in Demand, Increase & Decrease in Demand, Elasticity of Demand, Price Elasticity of Demand, Income Elasticity of Demand, Cross Elasticity of Demand

Consumer Behaviour
Diminishing Marginal Utility, Equi-Marginal Utility, Marginal Rate of Substitution, Consumer Surplus, Indifference Curve, Budget Line, Consumer Equilibrium, Indifference Map

Supply Analysis

Elasticity of Supply, Measurement & change in Elasticity of Supply


Land, Labour, Capital, Entrepreneur,  Factors of Production,  Laws of Return, Economies of Scale, Production Function, Iso Product curves, Isoquant, Iso Cost Line

Cost Analysis
Cost Function Short & Long Run Cost, Total Cost, Fixed & Variable Cost, Average Cost, Marginal Cost


Market Forms, Competition, Perfect Competition, Monopolistic Competition, Imperfect Competition, Monopoly, Oligopoly,  Equilibrium of Firm, Price Discrimination, Selling Cost, Price Mechanism


Money Classification, Functions of Money

Indian Economy- An Overview : Basic Characteristics of the Indian Economy; Major Issues of Development; Development Experience and Recent Trends in Indian Economy; Indian Economy in Comparison to Major Economies of the World