ASO Economics – UNIT-I Complete Study Index
à°ˆ à°ªేà°œీà°²ో ASO Economics UNIT-Ià°•ి à°¸ంà°¬ంà°§ింà°šిà°¨ à°…à°¨్à°¨ి à°®ుà°–్యమైà°¨ topicsà°¨ు syllabus orderà°²ో à°’à°•ేà°šోà°Ÿ à°ªొంà°¦ుపరిà°šాం. à°ª్à°°à°¤ి topicà°ªై à°•్à°²ిà°•్ à°šేà°¸ి à°† topicà°•ు à°¸ంà°¬ంà°§ింà°šిà°¨ detailed Telugu notes, important concepts, formulas, examples మరిà°¯ు MCQs చదవవచ్à°šు.
à°ˆ à°ªేà°œీà°²ో ASO Economics UNIT-Ià°•ి à°¸ంà°¬ంà°§ింà°šిà°¨ à°…à°¨్à°¨ి à°®ుà°–్యమైà°¨ topicsà°¨ు syllabus orderà°²ో à°’à°•ేà°šోà°Ÿ à°ªొంà°¦ుపరిà°šాం. à°ª్à°°à°¤ి topicà°ªై à°•్à°²ిà°•్ à°šేà°¸ి à°† topicà°•ు à°¸ంà°¬ంà°§ింà°šిà°¨ detailed Telugu notes, important concepts, formulas, examples మరిà°¯ు MCQs చదవవచ్à°šు.
UNIT-I: Economic Concepts
Syllabus Coverage:
Production → Consumption → Demand → Elasticity → Market Structures & Equilibrium → Price Determination → National Income → Employment → Consumption → Saving → Investment → Rate of Interest → Profit → Money → Money Supply → Velocity → Banking → Central Bank → Price Level → Inflation → Public Finance
Production → Consumption → Demand → Elasticity → Market Structures & Equilibrium → Price Determination → National Income → Employment → Consumption → Saving → Investment → Rate of Interest → Profit → Money → Money Supply → Velocity → Banking → Central Bank → Price Level → Inflation → Public Finance
A. Micro Economics
1
Production – ఉత్పత్à°¤ి
Production concepts, factors of production, production function and important exam points.
2
Concept of Consumption – à°µిà°¨ిà°¯ోà°— à°ావన
Meaning of consumption and its basic economic concepts.
3
Demand – à°¡ిà°®ాంà°¡్
Demand function, determinants, Law of Demand, demand curve, exceptions,
movement and shifts in demand.
4
Elasticity of Demand – à°¡ిà°®ాంà°¡్ à°µ్à°¯ాà°•ోà°šà°¤్à°µం
Price, Income and Cross Elasticity; degrees of elasticity; Point, Arc and
Total Expenditure methods.
5
Market Structures & Equilibrium – à°®ాà°°్à°•ెà°Ÿ్ à°¨ిà°°్à°®ాà°£ాà°²ు మరిà°¯ు సమతౌà°²్à°¯ం
Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly,
market equilibrium and firm equilibrium.
6
Price Determination – à°§à°° à°¨ిà°°్ణయం
Demand–Supply equilibrium, excess demand, excess supply,
price ceiling and price floor.
B. National Income, Employment & Income Determination
7
National Income – à°œాà°¤ీà°¯ ఆదాà°¯ం
GDP, GNP/GNI, NDP, NNP/NNI, nominal and real GDP,
methods of measurement and related aggregates.
8
Employment – ఉపాà°§ి
Labour force, workforce, LFPR, WPR, unemployment rate,
types of unemployment and employment concepts.
9
Consumption Function – à°µిà°¨ిà°¯ోà°— à°ª్à°°à°®ేà°¯ం
Keynesian consumption function, APC, MPC, autonomous consumption,
induced consumption and break-even point.
10
Saving – à°ªొà°¦ుà°ªు
Saving function, APS, MPS, break-even income,
saving–investment relationship and Paradox of Thrift.
11
Investment – à°ªెà°Ÿ్à°Ÿుబడి
Autonomous and induced investment, MEC, multiplier,
accelerator and saving–investment equilibrium.
12
Rate of Interest – వడ్à°¡ీ à°°ేà°Ÿు
Classical theory, Loanable Funds theory, Keynesian Liquidity Preference,
nominal and real interest rates.
13
Profit – à°²ాà°ం
Accounting and economic profit, normal and supernormal profit,
Risk, Uncertainty, Innovation and Dynamic theories of profit.
C. Money & Banking
14
Money – à°¦్à°°à°µ్à°¯ం
Meaning, evolution, functions, types, legal tender, fiat money,
near money and high-powered money.
15
Measures of Money Supply – à°¦్à°°à°µ్à°¯ సరఫరా à°•ొలమాà°¨ాà°²ు
M1, M2, M3, M4, Reserve Money, Narrow Money,
Broad Money and Money Multiplier.
16
Velocity of Money – à°¦్à°°à°µ్à°¯ à°šà°²ామణి à°µేà°—ం
Fisher's Equation of Exchange, income velocity,
Cambridge cash-balance approach and V–k relationship.
17
Banks and Credit Creation – à°¬్à°¯ాంà°•ుà°²ు మరిà°¯ు పరపతి à°¸ృà°·్à°Ÿి
Commercial bank functions, deposits, loans, multiple credit creation,
deposit multiplier and limitations.
18
Banks and Portfolio Management – à°¬్à°¯ాంà°•ుà°²ు మరిà°¯ు à°ªోà°°్à°Ÿ్à°«ోà°²ిà°¯ో à°¨ిà°°్వహణ
Safety, Liquidity and Profitability, bank assets,
ALM, credit risk, liquidity risk and NPAs.
19
Central Bank & Control over Supply of Money – à°•ేంà°¦్à°° à°¬్à°¯ాంà°•ు మరిà°¯ు à°¦్à°°à°µ్à°¯ సరఫరా à°¨ిà°¯ంà°¤్à°°à°£
RBI functions, monetary policy, Repo Rate, CRR, SDF, MSF,
OMO and quantitative/qualitative credit controls.
D. Price Level & Inflation
20
Determination of Price Level – à°§à°°à°² à°¸్à°¥ాà°¯ి à°¨ిà°°్ణయం
General price level, aggregate demand–aggregate supply,
money supply and price-level relationships.
21
Inflation – à°¦్à°°à°µ్à°¯ోà°²్బణం
Meaning, types, causes, CPI/WPI measurement, effects
and monetary/fiscal measures to control inflation.
E. Public Finance – à°ª్à°°à°ుà°¤్à°µ à°µిà°¤్à°¤ం
22
Public Finance – à°ª్à°°à°ుà°¤్à°µ à°µిà°¤్à°¤ం
Public expenditure, public revenue, public debt,
fiscal policy and financial administration.
23
Government Budget – à°ª్à°°à°ుà°¤్à°µ బడ్à°œెà°Ÿ్
Revenue Budget, Capital Budget, receipts, expenditure,
Balanced, Surplus and Deficit Budgets.
24
Taxes – పన్à°¨ుà°²ు
Direct and Indirect Taxes, Progressive, Proportional and Regressive taxation,
Canons of Taxation and GST.
25
Non-Tax Revenue – పన్à°¨ేతర ఆదాà°¯ం
Fees, fines and penalties, dividends, interest receipts,
user charges and other non-tax sources.
26
Budget Deficits – బడ్à°œెà°Ÿ్ à°²ోà°Ÿుà°²ు
Revenue Deficit, Fiscal Deficit and Primary Deficit,
formulas, interpretation and numerical problems.
UNIT-I Quick Index
| No. | Topic | Section |
|---|---|---|
| 1 | Production | Micro Economics |
| 2 | Concept of Consumption | Micro Economics |
| 3 | Demand | Micro Economics |
| 4 | Elasticity | Micro Economics |
| 5 | Market Structures & Equilibrium | Micro Economics |
| 6 | Price Determination | Micro Economics |
| 7 | National Income | Macro Economics |
| 8 | Employment | Macro Economics |
| 9 | Consumption Function | Macro Economics |
| 10 | Saving | Macro Economics |
| 11 | Investment | Macro Economics |
| 12 | Rate of Interest | Macro Economics |
| 13 | Profit | Macro Economics |
| 14 | Money | Money & Banking |
| 15 | Money Supply | Money & Banking |
| 16 | Velocity of Money | Money & Banking |
| 17 | Banks & Credit Creation | Money & Banking |
| 18 | Banks & Portfolio Management | Money & Banking |
| 19 | Central Bank & Money Supply Control | Money & Banking |
| 20 | Determination of Price Level | Price Level |
| 21 | Inflation | Price Level |
| 22 | Public Finance | Public Finance |
| 23 | Government Budget | Public Finance |
| 24 | Taxes | Public Finance |
| 25 | Non-Tax Revenue | Public Finance |
| 26 | Budget Deficits | Public Finance |
Recommended Preparation Order:
Production → Consumption → Demand → Elasticity → Market Structures → Price Determination → National Income → Employment → Consumption Function → Saving → Investment → Interest → Profit → Money → Money Supply → Velocity → Banking → Portfolio Management → Central Bank → Price Level → Inflation → Public Finance → Budget → Taxes → Non-Tax Revenue → Budget Deficits
Production → Consumption → Demand → Elasticity → Market Structures → Price Determination → National Income → Employment → Consumption Function → Saving → Investment → Interest → Profit → Money → Money Supply → Velocity → Banking → Portfolio Management → Central Bank → Price Level → Inflation → Public Finance → Budget → Taxes → Non-Tax Revenue → Budget Deficits
Exam Preparation Strategy:
à°ª్à°°à°¤ి topicà°²ో à°®ుంà°¦ుà°—ా Concepts & Definitions చదవంà°¡ి → తర్à°µాà°¤ Formulas / Comparisons revise à°šేà°¯ంà°¡ి → à°šివరగా MCQs, Numerical Problems మరిà°¯ు Assertion–Reason Questions practice à°šేà°¯ంà°¡ి.
à°ª్à°°à°¤ి topicà°²ో à°®ుంà°¦ుà°—ా Concepts & Definitions చదవంà°¡ి → తర్à°µాà°¤ Formulas / Comparisons revise à°šేà°¯ంà°¡ి → à°šివరగా MCQs, Numerical Problems మరిà°¯ు Assertion–Reason Questions practice à°šేà°¯ంà°¡ి.

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