This practice paper is structured according to the latest pattern, typically found in textbooks by and
| Unit of Part B (Introductory Microeconomics) | Topics Covered | Marks | | :------------------------------------------- | :------------------------------------------------------------------------------------------------------------------------------------------- | :---- | | | Micro vs. Macro economics, Positive vs. Normative economics, Central economic problems, Production Possibility Frontier (PPF) | 4 | | Unit 5: Consumer's Equilibrium and Demand | Utility Analysis, Law of Diminishing Marginal Utility, Indifference Curve Analysis, Demand & Law of Demand, Price Elasticity of Demand | 14 | | Unit 6: Producer Behaviour and Supply | Production Function, Returns to a Factor, Cost and Revenue Concepts, Producer's Equilibrium, Supply & Elasticity of Supply | 14 | | Unit 7: Forms of Market and Price Determination | Features of Perfect Competition, Market Equilibrium, Effects of shifts in Demand and Supply, Price Ceiling and Price Floor | 8 | tr jain vk ohri microeconomics class 11 pdf free
: Each chapter begins with a "To-Do List" that outlines central ideas and learning objectives. This practice paper is structured according to the