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Join Telegram Channel: https://t.me/hsslive Downloaded from www.Hsslive.in ®STEP-UP
ECONOMICS
(Supporting Material for Higher Secondary/VHSE Classes)
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Prepared By:
1. RAJMOHAN. P.T
CBHSS VALLIKUNNU
2. RAFEEQUE. P.M
GOVT. MANAVEDAN HSS NILAMBUR
3. THOYYIB. K.A
MES HSS IRIMBILIYAM
4. KRISHNAKUMAR. V
GBHSS TIRUR
5. ABDUL NASAR. K
GHSS PANDIKKAD
6. IRSHAD ODAKKAL
SNMHSS PARAPPANANGADI
7. NOUSHADALI. M
GHSS PANG
8. NISHA. K
P.K.M.M. H.S.S. EDARIKODE
9. MINI. K
G.H.S.S. OTHUKKUNGAL
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CONTENTS
MICRO ECONOMICS
Simple Economy
Central Problems of an Economy
Chapter 1
Organisation of Economic Activities
Introduction to Micro Economics
Branches of Economics
Production Possibility Curve
Utility
Law of Diminishing Marginal Utility
Budget Line
Chapter 2 Indifference Curve
Theory of Consumer Behaviour Consumer Equilibrium
Demand
Change in the Demand
Price Elasticity of Demand
Production Function
Chapter 3 Law of Variable Proportion
Production and Cost Returns to Scale
Cost
Features of Perfect Competition
Chapter
Revenue
4 Theory of a Firm under Perfect
Profit Maximisation
Competition
Supply
Equilibrium
Chapter 5 Market Equilibrium
Market Equilibrium Price Floor
Price Ceiling
Monopoly Market
Chapter 6 Monopolistic Competition
Non Competitive Markets Oligopoly
Features of Oligopoly
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