We have great pleasure in presenting First edition “Basic Tools in Economics” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to provide the students with thorough understanding of Basic Tools in Economics. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Unit – 1 Introduction to Basic Tools
Introduction
Variables
Meaning of Variables
Types of Variables
Importance of Variables
Use of Variables
Ceteris
Meaning of Ceteris
Types of Ceteris
Importance of Ceteris
Use of Ceteris
Function
Meaning of Function
Types of Function
Importance of Function
Use of Function
Equations
Meaning of Equations
Types of Equations
Importance of Equations
Use of Equations
Identities
Meaning of Identities
Types of Identities
Importance of Identities
Use of Identities
Case Studies
Points to Remember
Match the Following
True and False
Fill in the Blanks
Multiple Choice Question (MCQ)
Review Questions
Unit – 2 Graphs and Tables
Introduction
Graphs and Diagrams
Meaning of Graphs and Diagrams
Types of Graphs and Diagrams
Features of Graphs and Diagrams
Importance of Graphs and Diagrams
Use of Graphs and Diagrams
Lines and Curves
Meaning of Lines and Curves
Types of Lines and Curves
Importance of Lines and Curves
Use of Lines and Curves
Slope
Meaning of Slope
Types of Slope
Importance of Slope
Use of Slope
Tables or Schedules
Meaning of a Table
Characteristics of a Table
Use or Importance of Tables
Case Studies
Points to Remember
Match the Following
True and False
Fill in the Blanks
Multiple Choice Question (MCQ)
Review Questions