Key Sections in Bansal Academy’s Lecturer Cadre Economics Syllabus

1. Microeconomics
   This section covers the foundational principles of economics, focusing on the behavior of individual consumers and firms. Topics include demand and supply analysis, elasticity, consumer equilibrium, production theory, cost analysis, market structures (perfect competition, monopoly, oligopoly), and factor pricing. Students will gain a deep understanding of economic models and their practical applications.

2. Macroeconomics
   This section deals with the economy as a whole, exploring national economic indicators and policies. Key topics include national income accounting, inflation, unemployment, fiscal policy, monetary policy, and economic growth. Students will learn how macroeconomic policies affect the broader economy and how governments manage these factors to stabilize and grow the economy.

3. Indian Economy
   In this section, the focus is on India’s economic structure, development, and policy frameworks. Topics include India’s planning process, agriculture, industrialization, economic reforms, poverty, unemployment, and socio-economic issues. Students will understand the challenges and opportunities within the Indian economy, along with the government’s role in shaping economic growth.

4. Economic Development and Planning
   This section explores the theories and practical aspects of economic development, including the role of planning in developing economies. Students will learn about growth models, poverty alleviation strategies, human development index (HDI), and sustainable development. The section covers India’s five-year plans and the evolution of its planning process.