BSEH SS Economics study plan

Define and distinguish the three methods of measuring national income (product/value added, income, expenditure) and state which items are excluded from each

Compute GDP at market price, GNP, NNP at factor cost, and per capita income from a given set of numerical data without reference notes

Classify 20 given transactions as final vs intermediate goods and as factor vs transfer income, justifying each classification in one line

Explain the circular flow of income in a two-sector economy and identify the leakages and injections that break the flow

Derive the consumption function, saving function, and the relationship between APC, APS, MPC, and MPS from a numerical schedule

Calculate the equilibrium level of income using both the aggregate demand-aggregate supply approach and the saving-investment approach

Compute the investment multiplier and the effect of a change in autonomous investment on equilibrium income

Distinguish inflationary and deflationary gaps and state the fiscal correction for each

State and illustrate the law of demand, and distinguish movement along a demand curve from a shift of the curve using six concrete examples

Compute price elasticity of demand using the percentage and total expenditure methods, and classify goods as elastic, inelastic, or unitary

Explain the law of variable proportions with a total product, marginal product, and average product schedule, identifying the three stages

Distinguish fixed and variable costs and compute TC, TFC, TVC, AC, AVC, MC, and AFC from a cost schedule

Derive the supply curve of a firm under perfect competition from its marginal cost curve above minimum AVC

Compare the four market forms on number of sellers, product differentiation, entry barriers, price control, and shape of the firm's demand curve

Explain how a firm under perfect competition reaches short-run equilibrium using MR = MC, and distinguish normal profit, supernormal profit, and loss situations

Describe price determination under simple monopoly and explain why a monopoly faces a downward-sloping demand curve

Explain consumer's surplus and indifference curve basics, including the properties of indifference curves and the budget line

Analyse how a price ceiling or price floor affects market equilibrium in a supplied scenario

Define money and explain its primary and secondary functions with one Indian example for each

Compute the money multiplier and explain the credit creation process of commercial banks using a numerical example

Describe the functions of the central bank, and distinguish quantitative from qualitative instruments of credit control

Explain the transaction, precautionary, and speculative motives for holding money and derive the liquidity preference curve

Work through the effect of an open market operation on reserves, credit, and aggregate demand

Classify 15 given government receipts and expenditures as revenue or capital, and as plan or non-plan, defending each classification

Compute revenue deficit, fiscal deficit, and primary deficit from a budget data set and interpret what each signals

Explain the objectives of government budget and distinguish deficit financing from crowdfunding of deficits

Record 12 given international transactions in the current and capital accounts of the balance of payments and compute the balance

Distinguish fixed and flexible exchange rates, and explain appreciation, depreciation, devaluation, and revaluation with numerical examples

Explain managed floating and the role of RBI intervention in the foreign exchange market

Outline the major features of the Indian economy on the eve of independence and the goals of five-year plans

Summarise the 1991 economic reforms across liberalisation, privatisation, and globalisation, naming at least two specific policy measures for each

Evaluate the effects of reforms on agriculture, industry, trade, and foreign investment using specific indicators

Interpret given statistical data on growth, inflation, poverty, or unemployment and state two limitations of the data source

Explain the current debate on disinvestment, GST, or employment patterns, separating evidence from opinion

Complete two full-length timed mock tests under exam conditions and record the score for each domain

Re-derive from memory the national income identities, multiplier formula, money multiplier, and the three deficit definitions

Rewrite in your own words the five concepts you scored lowest on, using a fresh numerical example for each

Review the error log from all seven prior weeks and confirm every flagged item is resolved or marked for final revision