CS Executive 1-Year Plan

Covers basic economic concepts, micro vs macroeconomics, economic agents, and the scope of economics in competitive exams including national income, growth, and development metrics.

Law of demand and supply, determinants, market equilibrium, movements vs shifts in curves, price elasticity, and applications — foundational microeconomics frequently asked in Prelims.

Price, income, and cross elasticity of demand; elasticity of supply; measurement methods and practical applications in taxation and pricing decisions — a calculative yet scoring topic.

Utility analysis, indifference curves, budget line, consumer equilibrium, derivation of demand curve, and ordinal utility approach — important for understanding microeconomic foundations.

Production function, law of variable proportions, returns to scale, isoquant and isocost analysis, and optimal input combination — theoretical base for understanding firm behaviour.

Short-run and long-run cost curves, explicit and implicit costs, fixed and variable costs, TC, AC, MC relationships, and economies of scale — essential for market structure analysis.

Perfect competition, monopoly, monopolistic competition, and oligopoly — assumptions, equilibrium, efficiency, and real-world examples including duopoly models — a high-weight competitive economics topic.

Labour market, wage determination, rent, interest, and profit — distribution theory connecting to national income and inequality discussions in macroeconomics.