Chapter I
1. Circular flow of income
2. Characteristics of human wants
3. marshall's definition - Features + Criticisms
4. Partial Vs General
5. Micro - Subject matter + Importance
6. Macro - Subject matter + Importance ( Scope & Subject matter are the same )
Chapter II
1. Law of DMU - Limitations + Importance
2. Law of EMU - Limitations + Importance
3. Law of Demand ( Can be asked as relationship between Price & QD )
4. Exceptions to Law of demand ( under what circumstances can D curve have + slope )
5. Income demand
6. Cross demand
All these are the components of Essays from this chapter
Chapter III
1. Total outlay method
Chapter IV
1. Assumptions of IC tech
2. Properties of ICs
3. Shifts & changes in Budget line
To be continued ......
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