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Basic Economics – I (Karnataka (NEP))


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“Basic Economics – I” is prescribed as a compulsory paper for I semester BA/BSC Student who opted Economics as major paper under National Education policy. It is designed in keeping the view of student who are interested to know fundamental theories of economics. It is designing in nine chapters by using simple language and used simple text design to understand the subject easily even by average student, text is made in simple pedagogy, which help the student to understand the subject easily and capable to face the examination with confidence. At the same time, the book includes a number of innovative and interactive features designed to enhance student learning, instructors can also customize the book adapting it to the approach that works best in their classroom. This book has been written to cater to the need of under graduates who are keen in knowing the Economics. Further examples have been added into the concepts to project the concepts in a similar way and help the students in practical knowledge at the end of module long and short question have been given, the answer for the same could be easily traced in this text book.


Contents –

Unit 1: Basic Concepts in Economics
1. Basic Concepts in Economics
2. Thinking Like an Economist
3. Economic System
Unit 2: Demand, Supply and Markets
4. Firms and Household
5. Demand and Supply
6. Elasticity and its Measurement
Unit 3: Cost and Market Structures
7. Production and Costs
8. Accounting and Economic
9. Market Structures


Student Dollar Price


Library Dollar Price




Year of publication






Anitha C.,

Pratibha Parsavanath,

T.C. Chandrashekar


Himalaya pub