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AP Inter 1st Year Economics Study Material Pdf Download

Inter 1st Year Economics Study Material Pdf English Medium

AP Intermediate 1st Year Economics Textbook Solutions Pdf Download

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Economics Inter 1st Year Textbook Pdf Solutions | Intermediate 1st Year Economics Textbook Solutions Telugu Medium Pdf

AP Inter 1st Year Economics Weightage Blue Print 2025-2026

AP Inter 1st Year Economics Weightage 2025-2026 | AP Inter 1st Year Economics BluePrint 2026

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Intermediate 1st Year Economics Syllabus

AP Inter 1st Year Economics Syllabus

Chapter 1 Introduction

  • 1.0 Origin and Meaning of Economics
  • 1.1 Definitions of Economics
    • 1.1.1 Wealth Definition
    • 1.1.2 Welfare Definition
    • 1.1.3 Scarcity Definition
    • 1.1.4 Growth Definition
    • 1.1.5 Jacob Viner’s Definition
  • 1.2 Central Problems of an Economy
  • 1.3 Production Possibility Frontier
  • 1.4 Organisation of Economic Activities
    • 1.4.1 The Centrally Planned Economy
    • 1.4.2 The Market Economy
    • 1.4.3 Mixed Economy
  • 1.5 Division of Economics
    • 1.5.1 Microeconomics
    • 1.5.2 Macro Economics
  • 1.6 Deductive and Inductive Methods
    • 1.6.1 Deductive method
    • 1.6.2 Inductive method
  • 1.7 Positive and Normative Economics
    • 1.7.1 Positive Economics
  • 1.8 Basic Economics concepts
    • 1.8.1 Goods & Services
    • 1.8.2 Types of Goods
    • 1.8.3 Wants
    • 1.8.4 Classification of Human Wants
    • 1.8.5 Utility
    • 1.8.6 Other basic terms
  • 1.9 Summary
  • 1.10 Model Questions
  • 1.11 Glossary
  • 1.12 References

Chapter 2 Theory of Consumer’s Behaviour

  • 2.0 Introduction
  • 2.1 What is Utility?
  • 2.2 Marginal Utility Analysis
    • 2.2.1 Law of Diminishing Marginal Utility
    • 2.2.2 Law of Equi-Marginal Utility
  • 2.3 Indifference Curve Analysis
    • 2.3.1 Indifference Map
    • 2.3.2 Properties of indifference curves
    • 2.3.3 Budget Line/Price Line
  • 2.4 Consumer’s Equilibrium
  • 2.5 Summary
  • 2.6 Model Questions
  • 2.7 Glossary
  • 2.8 References

Chapter 3 Theory of Demand

  • 3.0 Introduction
  • 3.1 Meaning of Demand
  • 3.2 Demand Function
  • 3.3 Factors that Determine Demand
  • 3.4 Types of Demand
    • 3.4.1 Price Demand – Law of Demand
      • 3.4.1.1 Exceptions to the Law of Demand
      • 3.4.1.2 Reasons for the Downward (or) Negative Slope of Demand Curve
      • 3.4.1.3 Change in Quantity Demanded and Change in Demand
    • 3.4.2 Income Demand
    • 3.4.3 Cross Demand
  • 3.5 Meaning of Elasticity of Demand
  • 3.6 Types of Elasticity of Demand
    • 3.6.1 Price Elasticity of Demand
      • 3.6.1.1 Types of Price Elasticity of Demand
      • 3.6.1.2 Methods of Measurement of Price Elasticity of Demand
      • 3.6.1.3 Determinants of Price Elasticity of Demand
      • 3.6.1.4 Importance of Price Elasticity Demand
  • 3.7 Income Elasticity of Demand
  • 3.8 Cross elasticity of Demand
  • 3.9 Summary
  • 3.10 Model Questions
  • 3.11 Glossary
  • 3.12 References

Chapter 4 Production Analysis

  • 4.1 Introduction
  • 4.2 Production
  • 4.3 Factors of Production
  • 4.4 Production Function
    • 4.4.1 Cobb-Douglas Production Function
  • 4.5 Types of Production Functions
    • 4.5.1 Short-run Production Function (The Law of Variable Proportions)
    • 4.5.2 Long-run production function (The law of Returns to scale)
    • 4.5.3 Economies of large-scale production (Internal and External Economies)
  • 4.6 Isoquant
  • 4.7 Supply
    • 4.7.1 Price Elasticity of Supply
  • 4.8 Summary
  • 4.9 Model Questions
  • 4.10 Glossary
  • 4.11 References

Chapter 5 Cost and Revenue Analysis

  • 5.0 Introduction
  • 5.1 Cost analysis
    • 5.1.1 Cost Function
    • 5.1.2 Concepts of Costs
    • 5.1.3 Short Run Costs – Cost Curves
    • 5.1.4 Shapes of the Short Run Cost Curves
    • 5.1.5 Relationship between Average Cost and Marginal Cost
    • 5.1.6 Long-run Cost Curves
  • 5.2 Revenue Analysis
    • 5.2.1 Revenue Curves in Perfect Competition
    • 5.2.2 Revenue Curves in Imperfect Competition
  • 5.3 Summary
  • 5.4 Model Questions
  • 5.5 Glossary
  • 5.6 References

Chapter 6 Market Structure

  • 6.0 Introduction
  • 6.1 Meaning
  • 6.2 Classification of Markets
  • 6.3 Market Equilibrium
    • 6.3.1 Shift in Demand & Supply (Change in Demand and Supply)
  • 6.4 Price Ceiling
  • 6.5 Price Floor
  • 6.6 Perfect Competition
    • 6.6.1 Features of perfect competition
    • 6.6.2 Price and Output Determination under Perfect Competition (Short-run)
    • 6.6.3 Price and output determination under perfect competition (Long-run)
  • 6.7 Imperfect Competition
    • 6.7.1 Monopoly
    • 6.7.2 Monopolistic Competition
    • 6.7.3 Oligopoly
    • 6.7.4 Duopoly
  • 6.8 Comparison between perfect competition and monopoly
  • 6.9 Summary
  • 6.10 Model Questions
  • 6.11 Glossary
  • 6.12 Reference

Chapter 7 Theory of Distribution

  • 7.0 Introduction
  • 7.1 Distribution of Incomes
  • 7.2 Determination of Factor Price
  • 7.3 Marginal Productivity Theory
  • 7.4 Rent
    • 7.4.1 Contract Rent
    • 7.4.2 Economic Rent
    • 7.4.3 Ricardian Theory of Rent
    • 7.4.4 Modern theories of rent
  • 7.5 Wages
    • 7.5.1 Types of Wages
    • 7.5.2 Factors Determining Real Wages
    • 7.5.3 Theories of Wages
  • 7.6 Interest
    • 7.6.1 Concepts of Interest
    • 7.6.2 Theories of Interest
  • 7.7 Profits
    • 7.7.1 Concepts of Profit
    • 7.7.2 Theories of Profit
  • 7.8 Summary
  • 7.9 Model Questions
  • 7.10 Glossary
  • 7.11 References

Chapter 8 National Income Accounting

  • 8.0 Introduction
  • 8.1 Definitions of National Income
  • 8.2 Factors that determine the size of National Income
  • 8.3 Components of National Income
  • 8.4 Important Terms Used in National Income Accounting
  • 8.5 National Income Aggregates (Basic concepts of National Income)
  • 8.6 Relationship between per capita income and population BIEAP
  • 8.7 Relationship between Real GDP & Nominal GDP
  • 8.8 Comparison between GDP & GNP
  • 8.9 Factor Cost, Basic Prices, and Market Prices
  • 8.10 Circular Flow of Income
  • 8.11 Methods of calculating National Income
  • 8.12 Importance of National Income Estimates
  • 8.13 Difficulties related to the measurement of National Income
  • 8.14 Relationship between National Income Aggregates
  • 8.15 Summary
  • 8.16 Model Questions
  • 8.17 Glossary
  • 8.18 References

Chapter 9 Theory of Employment & Public Finance

  • 9.0 Introduction
  • 9.1 Classical Theory of Employment
  • 9.2 Keynesian Theory of Income and Employment
  • 9.3 Investment multiplier (k)
  • 9.4 Paradox of Thrift
  • 9.5 Public Economics
    • 9.5.1 Public Revenue
    • 9.5.2 Goods and Services Tax (GST)
    • 9.5.3 Public Expenditure
    • 9.5.4 Public Debt
  • 9.6 Budget
    • 9.6.1 Objectives of Government Budget
    • 9.6.2 Structure of the budget
    • 9.6.3 Components of Budget
    • 9.6.4 Types of Budget
    • 9.6.5 Types of Deficit
    • 9.6.6 Fiscal Responsibility and Budget Management Act, 2003. (FRBMA)
  • 9.7 Balance of Payments
    • 9.7.1 Foreign Exchange Market
  • 9.8 Summary
  • 9.9 Model Questions
  • 9.10 Glossary
  • 9.11 Reference

Chapter 10 Money, Banking, and Inflation

  • 10.0 Introduction
  • 10.1 Evolution of money
    • 10.1.1 Definitions of Money
    • 10.1.2 Functions of money
    • 10.1.3 Static and dynamic functions of money
    • 10.1.4 Money and related concepts
    • 10.1.5 Demand for Money and Supply of Money
    • 10.1.6 Monetary aggregates (Measurement of Money Supply)
    • 10.1.7 Money multiplier
  • 10.2 Banking
    • 10.2.1 Commercial Banks
    • 10.2.2 Banking Related Concepts
    • 10.2.3 Central Bank/Reserve Bank of India
    • 10.2.4 Objectives of the RBI
    • 10.2.5 Functions of the RBI
    • 10.2.6 Policy tools to control money supply (Monetary Policy)
    • 10.2.7 Demonetisation
  • 10.3 Inflation
    • 10.3.1 Definitions of inflation
    • 10.3.2 Methods of measuring Inflation in India
    • 10.3.3 Types of Inflation
    • 10.3.4 Effects of inflation
    • 10.3.5 Causes of Inflation
    • 10.3.6 Measures to Control Inflation
  • 10.4 Summary
  • 10.5 Model Questions
  • 10.6 Glossary
  • 10.7 References

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