Skip to content


BE/U4 Topic 2 Economic

Economics is a social science concerned with the production, distribution and consumption of goods and services. It studies how individuals, businesses, governments and nations make choices on allocating resources to […]

BE/U4 Topic 1 Nature of Economic Environment

Economic Environment is considered both as positive and normative science. It also covers both micro and macro aspects of different pollution problems. Positive and Normative aspects Environmental economics is an […]

BE/U3 Topic 11 Consumption Function

The consumption function, or Keynesian consumption function, is an economic formula that represents the functional relationship between total consumption and gross national income. It was introduced by British economist John […]

BE/U3 Topic 10 Modern (Keynesian) Approach

Keynesian Theory of Income and Employment (a) Criticism against Classical Theory Keynes criticised the Classical theory stating that the assumptions on which the theory is based are wrong and impractical. For […]

BE/U3 Topic 7 National Income in India

National Income in India A study of the national income in India over the last 60 years, it is very much essential for attaining a clear understanding about the impact […]

BE/U3 Topic 4 Multiplier in 2, 3, 4 Sector

To simplify the analysis, it has been classified into a two-sector model, a three-sector model and a four-sector model. First two sectors are related to a closed economy in which […]

BE/U3 Topic 2 Macro-Economic Variables

The description and forecasting of macroeconomics require statistics on macroeconomic variables. The most prominent of these variables is the GDP, inflation, interest rates, and unemployment, but there are many others. […]