Karnataka PUC Syllabus 2023: Download Syllabus Pdf Here

Chapters

Topics

Introductory Microeconomics

• A Simple economy
• Central problems of an economy
• The organisation of economic activities
• The centrally planned economy
• The market economy
• Positive and Normative Economics
• Micro and Macro Economics
• Plan of the Book.

Preliminary Notations and Assumptions

• The Consumer’s Budget
• Budget set
• Price ratio and the slope of the Budget line and points below the Budget line
• Changes in the Budget line
• Preferences of the Consumer
• Monotonic preferences
• Substitution between goods
• Diminishing rate of Substitution
• Indifference Curve
• Demand curve and the Law of Demand
• Market Demand
• Elasticity along a Linear Demand Curve
• Factors Determining Price Elasticity of Demand for a Good

Production and Costs

• TP, AP, and MP
• The Law of Diminishing Marginal Product And The Law of Variable Proportions
• Returns To Scale
• Costs
• Long-Run Costs

The Theory of the Firm under Perfect Competition

• Perfect Competition
• Revenue
• Input Prices
• Unit Tax
• Market Supply Curve
• Profit Maximisation
• Supply Curve of a Firm
• The Shut-down Point
• The normal Profit and Break-even Point
• Determinants of a Firm’s Supply Curve
• Technological Progress

Market Equilibrium

• Equilibrium, Excess Demand, Excess Supply
• Wage Determination in Labour Market
• Shifts in Demand and Supply
• Market Equilibrium: Free Entry and Exi

Non-competitive Markets

• Simple Monopoly in The Commodity Market
• Market Demand Curve is the Average Revenue Curve
• Other Non-perfectly Competitive Markets

Macroeconomics

Emergence of Macroeconomics

National Income Accounting

• Some Basic Concepts of Macro Economics
• Circular Flow of Income And Methods of Calculating National Income
• Income Method
• Goods and Prices
• GDP and Welfare

Government Budget and the Economy

• Components of the Government Budget
• Fiscal Policy

Open-Economy Macroeconomics

• The Balance of Payments
• The Foreign Exchange Market
• The Determination of Income in An Open Economy
• Trade Deficits, Saving and Investments

Money and Banking

• Functions of Money
• Demand & Supply of Money

Income Determination

• Ex Ante And Ex post
• Movement Along with a Curve Versus Shift of a Curve
• The short Run Fixed Price Analysis of the Product Market

Units

Important Topics

Relations and Functions

Types of relations: universal and equivalence relations, transitive, empty, reflexive, etc.

Inverse Trigonometric Functions

Types of functions, the inverse of a function composite functions, One to one and onto functions, Binary operations, etc.

Vectors and Three-dimensional Geometry

Direction cosines/ratios of vectors, types of vectors, parallel and collinear vectors, etc.

Linear Programming

Introduction of L.P.P, Mathematical formulation-mathematical formulation of L.P.P, etc.

Probability

Conditional probability, Baye’s theorem, Bernoulli trials and Binomial distribution, Definition of Bernoulli trial, etc.

Algebra

Matrices, Types of matrices, Algebra of matrices, Symmetric and skew-symmetric matrices, Determinants

Calculus

Continuity and Differentiability, Applications of Derivatives, Integrals, Applications of the Integrals, Differential Equations, etc.