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Weekly test, First test, Mock test & Prelims tests Schedule are as below : Date Subject Chapter Marks 17-May-25 Accountancy 1 – Accounting for Partnership Firms 40 24-May-25 Economics 1 – National Income and Related Aggregates 40 31-May-25 Business Studies 1 – Nature and Significance of Management 40 07-Jun-25 Accountancy 1 – Accounting for Partnership … Read more

Chapter 2.5 – Market Equilibrium Economics Chapter 2.5 – Market Equilibrium This chapter combines the behaviors of consumers and firms under perfect competition to analyze market equilibrium using demand-supply analysis. It also examines the impacts of shifts in demand and supply on the equilibrium and discusses applications of demand-supply analysis in real-world situations. 5.1 Equilibrium, … Read more

Chapter 2.4 – The Theory of The Firm Under Perfect Competition Economics Chapter 2.4 – The Theory of The Firm Under Perfect Competition 4.1 Perfect Competition: Defining Features 4.2 Revenue in Perfect Competition 4.3 Profit Maximization 4.4 The Supply Curve of a Firm 4.5 Determinants of a Firm’s Supply Curve 4.6 Market Supply Curve 4.7 … Read more

Chapter 2.3 – Production and Costs Economics Chapter 2.3 – Production and Costs 3.1 Introduction to Production and Costs q=f(L,K)  Where: Example: If a farmer uses 1 hectare of land and 2 hours of labor to produce 2 tons of wheat, then the production function describes this input-output relationship as q=K×L. 3.2 Short Run and … Read more

Chapter 2.2 – Theory of Consumer Behaviour Economics Chapter 2.2: Theory of Consumer Behaviour This chapter delves into how individual consumers make choices to allocate their income to different goods and services to maximize satisfaction. It explores the fundamental economic issue of choice under conditions of scarcity, examining consumer preferences, budget constraints, and demand behavior. … Read more

Chapter 2.1 – Introduction Economics Chapter 2.1 – Introduction Economics is the study of how societies allocate scarce resources to produce various goods and services and distribute them among individuals. The primary concern of economics is addressing how societies manage scarcity and make choices to maximize satisfaction. 1.1 A Simple Economy This section introduces the … Read more

Chapter 1.6 – Open Economy Macroeconomics Economics Chapter 1.6 – Open Economy Macroeconomics 1. Open Economy: Overview An open economy is an economy that engages in international trade and financial transactions with other countries, unlike a closed economy that is isolated from foreign influences. In the modern world, most economies are open, with multiple points … Read more

Chapter 1.5 – Government Budget and The Economy Economics Chapter 1.5 – Government Budget and The Economy 1. Introduction to Government in a Mixed Economy 2. The Government Budget: Meaning and Components 2.1 Constitutional Requirement (Article 112) 2.2 Objectives of the Government Budget The government intervenes in the economy through several functions to ensure the … Read more

Chapter 1.4 – Determination of Income and Employment Economics Chapter 1.4 – Determination of Income and Employment 1. Introduction to Macroeconomic Determination: Macroeconomic Focus: 2. Aggregate Demand (AD) and its Components 2.1 Ex-Ante and Ex-Post Concepts: 2.2 Components of Aggregate Demand: 3. Determination of Income in a Two-Sector Model AD=C0​+cY+Io Y=Co​+cY+Io​  Y= Co​+Io / 1−c … Read more

Chapter 1.3 – Money and Banking Economics Chapter 1.3 – Money and Banking 1. Introduction to Money 2. Functions of Money 3. Demand for Money 4. Supply of Money 5. Commercial Banking and Money Creation 6. Money Creation Process 7. Monetary Policy and Tools 8. Role of Interest Rates in Money Supply 9. Measures of … Read more