PPT : Introduction To Microeconomics Notes | Study Economics Class 12 - Commerce

Commerce: PPT : Introduction To Microeconomics Notes | Study Economics Class 12 - Commerce

The document PPT : Introduction To Microeconomics Notes | Study Economics Class 12 - Commerce is a part of the Commerce Course Economics Class 12.
All you need of Commerce at this link: Commerce
 Page 1


 
 CPT Section C General Economics Chapter 1 
CA Janardhan Rao M.N.S 
Page 2


 
 CPT Section C General Economics Chapter 1 
CA Janardhan Rao M.N.S 
Understanding nature of economics and various 
methods of studying economics. 
Various problem of economics and how different 
economies solve their basic problems. 
Insight of Production Possibility Curve (PPC). 
Page 3


 
 CPT Section C General Economics Chapter 1 
CA Janardhan Rao M.N.S 
Understanding nature of economics and various 
methods of studying economics. 
Various problem of economics and how different 
economies solve their basic problems. 
Insight of Production Possibility Curve (PPC). 
Study of  Resource utilization which are Limited, to satisfy Wants which are 
Unlimited….. 
Fundamental Facts :-  
    Unlimited Wants  
Means to satisfy wants are Limited. 
Economics , Thus Study of utilization of  Scarce Resources towards Unlimited 
wants where ALL WANTS ARE SATISFIABLE 
Eco.. Studies this equation of Limited resources and Infinite wants in larger 
arena i.e., Nation as a whole 
It deals with above situation and also deals with means to increase productivity 
of the resources. 
Page 4


 
 CPT Section C General Economics Chapter 1 
CA Janardhan Rao M.N.S 
Understanding nature of economics and various 
methods of studying economics. 
Various problem of economics and how different 
economies solve their basic problems. 
Insight of Production Possibility Curve (PPC). 
Study of  Resource utilization which are Limited, to satisfy Wants which are 
Unlimited….. 
Fundamental Facts :-  
    Unlimited Wants  
Means to satisfy wants are Limited. 
Economics , Thus Study of utilization of  Scarce Resources towards Unlimited 
wants where ALL WANTS ARE SATISFIABLE 
Eco.. Studies this equation of Limited resources and Infinite wants in larger 
arena i.e., Nation as a whole 
It deals with above situation and also deals with means to increase productivity 
of the resources. 
“Science of Wealth” by Adam Smith 
• - Father of Economics 
• - Nature and Causes of Wealth of Nations 
• - Merits  
• - Criticism  
“Science of Material Well-Being” by Alfred Marshall 
• - Emphasis on Welfare 
• - Merits  
• - Criticism  
Page 5


 
 CPT Section C General Economics Chapter 1 
CA Janardhan Rao M.N.S 
Understanding nature of economics and various 
methods of studying economics. 
Various problem of economics and how different 
economies solve their basic problems. 
Insight of Production Possibility Curve (PPC). 
Study of  Resource utilization which are Limited, to satisfy Wants which are 
Unlimited….. 
Fundamental Facts :-  
    Unlimited Wants  
Means to satisfy wants are Limited. 
Economics , Thus Study of utilization of  Scarce Resources towards Unlimited 
wants where ALL WANTS ARE SATISFIABLE 
Eco.. Studies this equation of Limited resources and Infinite wants in larger 
arena i.e., Nation as a whole 
It deals with above situation and also deals with means to increase productivity 
of the resources. 
“Science of Wealth” by Adam Smith 
• - Father of Economics 
• - Nature and Causes of Wealth of Nations 
• - Merits  
• - Criticism  
“Science of Material Well-Being” by Alfred Marshall 
• - Emphasis on Welfare 
• - Merits  
• - Criticism  
“Science of Choice Making” by Lionel Robbins 
• - Relationship between Ends and Scarce means having alternative 
uses 
• - Merits 
• - Criticism 
Read More
197 videos|218 docs|77 tests

Download free EduRev App

Track your progress, build streaks, highlight & save important lessons and more!

Related Searches

pdf

,

Exam

,

Summary

,

Previous Year Questions with Solutions

,

Objective type Questions

,

MCQs

,

Sample Paper

,

mock tests for examination

,

Free

,

Extra Questions

,

ppt

,

video lectures

,

Important questions

,

practice quizzes

,

past year papers

,

Semester Notes

,

PPT : Introduction To Microeconomics Notes | Study Economics Class 12 - Commerce

,

shortcuts and tricks

,

Viva Questions

,

PPT : Introduction To Microeconomics Notes | Study Economics Class 12 - Commerce

,

PPT : Introduction To Microeconomics Notes | Study Economics Class 12 - Commerce

,

study material

;