AP Inter 1st Year Economics Study Material Pdf | Intermediate 1st Year Economics Textbook Solutions

Telangana & Andhra Pradesh BIEAP TS AP Intermediate Inter 1st Year Economics Study Material Textbook Solutions Guide PDF Free Download, TS AP Inter 1st Year Economics Blue Print Weightage 2022-2023, Telugu Academy Intermediate 1st Year Economics Textbook Pdf Download, Questions and Answers Solutions in English Medium and Telugu Medium are part of AP Inter 1st Year Study Material Pdf.

Students can also read AP Inter 1st Year Economics Syllabus & AP Inter 1st Year Economics Important Questions for exam preparation. Students can also go through AP Inter 1st Year Economics Notes to understand and remember the concepts easily.

AP Intermediate 1st Year Economics Study Material Pdf Download | Jr Inter 1st Year Economics Textbook Solutions

TS AP Inter 1st Year Economics Weightage Blue Print 2022-2023

TS AP Inter 1st Year Economics Weightage 2022-2023 | TS AP Inter 1st Year Economics Blue Print 2022

AP Inter 1st Year Economics Weightage Blue Print

Intermediate 1st Year Economics Syllabus

TS AP Inter 1st Year Economics Syllabus

Paper – I Introductory Economic Theory

Unit – I Introduction
a) Origin and meaning of Economics –
b) Definitions of Economics; Adam Smith, Alfred Marshall, Lionel Robbins, Paul Samuelson, & Jocob Viner. Concept of Economics – Micro & Macro Economics Deductive and Inductive Method, Static and Dynamic Analysis, Positive and Normative Economics. Goods: (Free, Economic, Consumer, Producer, and Intermediary), Wealth, Income, Utility, Value, Price, wants and welfare.

Unit – II Theory of Consumers Behaviour
a) Cardinal and Ordinal Utility, the law of Diminishing Marginal Utility – Limitations – Importance; law of Equi-Marginal Utility Limitations and –Importance of the Law, Indifference Curve Analysis – Properties and Consumer’s Equilibrium.

Unit – III Theory of Demand
a) Meaning – Demand Function – Determinants of Demand, Demand Schedule – Demand Curve, Law of Demand, Exceptions to Law of Demand – Causes for the downward slope of the demand curve, Types of Demand – Price Demand, Income Demand, and Cross Demand,
b) Elasticity of Demand – Meaning and Types – Price Elasticity, and Income Elasticity and Cross Elasticity – Price Elasticity-Types; Measurement of Price Elasticity of Demand- Point Method. Arc Method, Total Outlay Method. Determinants of Elasticity of Demand; Importance of Elasticity of Demand

Unit – IV Theory of Production
a) Meaning – Production Function – Factors of Production; Short-run and Long-run Production Function; Law of variable proportions
b) Law of returns to scale; Economies of Scale – Internal and External
c) Supply – Supply Function – Determinants of Supply –– Law of Supply
d) Cost Analysis – Basic Concepts of Costs- (Money, Real, Opportunity, Fixed and Variable, Total, Average and Marginal costs)
e) Revenue Analysis – Revenue under perfect and imperfect competition

Unit – V Theory of Value
a) Meaning and Classification of Markets – Perfect competition – features – price determination- Short-run and Long-run equilibrium of a firm and Industry b) Imperfect Competition – Monopoly – Price Determination – Price-Discrimination-Monopolistic Competition- Features- Meaning of Oligopoly – Duopoly

Unit – VI Theory of Distribution
a) Determination of Factor Prices – Marginal Productivity Theory
b) Rent – Ricardian theory of Rent – Modern theory – Quasi Rent – Transfer earnings.
c) Wages – Meaning and types of wages – Money and Real wages
d) Interest- Meaning – Gross and Net interests
e) Profits – Meaning – Gross and Net profits

Unit – VII National Income
a) Definitions of National Income and Concepts
b) Measurement of National Income – Census of Product Method – Census of Income Method – Census of Expenditure Method
c) Methods of Measuring National Income in India; Problems and importance

Unit – VIII Macro Economics Aspects
a) Classical theory of Employment –J.B. Say Law of Markets- Limitations – J.M. Keynes Effective Demand.
b) Public Economics – Public Revenue – Public Expenditure – Public debt – Components of Budget.

Unit – IX Money, Banking and Inflation
a) Money – Definitions and Functions of money – Types of Money
b) Banking – Commercial Banks – Functions; Central Bank – Functions – Reserve Bank of India – Net Banking.
c) Inflation – Definitions – Types – Causes and Effects of inflation – Remedial Measures

Unit – X Statistics for Economics
a) Meaning, Scope and Importance of Statistics in Economics with Diagrams (Bar diagrams and Pie diagrams) Measures of central tendency – Mean, Median, Mode.

We hope that this Telangana & Andhra Pradesh BIEAP TS AP Intermediate Inter 1st Year Economics Study Material Textbook Solutions Guide PDF Free Download 2022-2023 in English Medium and Telugu Medium helps the student to come out successful with flying colors in this examination. This Jr Inter 1st Year Economics Study Material will help students to gain the right knowledge to tackle any type of questions that can be asked during the exams.