Short Notes on Economics for SSC AAO E-Book:- The term economics is derived from the ancient Greek word oikonomia, which means “management of a household”. Adam Smith defined economics “as the study of the nature and causes of the generation of wealth of a nation”. The subject matter of economics has been divided into two parts: Microeconomics and Macroeconomics. These terms were first coined and used by Ragnar Frisch and have now been adopted by economists all over the world.

 

Microeconomics:- Microeconomics occupies a vital place in economics and it has theoretical and practical importance. It is microeconomics that tells us how a free-market economy with its millions of consumers and producers works to decide about the allocation of productive resources among thousands of goods and services.

 

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The Indian Economy is a part of General Studies so, it is worth to have a grip on the subject and to make preparation easy we have divided this GK for SSC study material into 5 Sections i.e. Concepts of Economy & Horizon of Indian Economy; Economic Planning in India; Government Schemes & Programmes in India; Money and Banking; International Agencies and Trade, in which you will learn about the basics of Economics and Horizon of Indian Economy.

 

Short Notes on Economics for SSC AAO E-Book

 

Microeconomics analysis is also usefully applied to the various applied branches of economics such as Public Finance and International Economics.

 

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Macroeconomics:- Macroeconomics analyses the behavior of the whole economic system in totality or entirety, such as total employment, national product or income, the general price level in the economy. Therefore, macroeconomics is also known as “aggregative economics”.

 

 

In this Economics Notes , you will get information on which topics we are going to read through the list below.

• Budget & Taxation / Budget & Taxation
• GST (Goods & ServiceTax): one nation one tax / (service and vastu tax) one country one tax
• Direct Tax
• Inflation
• LPG Policy & Types Of Economics / LPG Policy
• banking system
• International Organization / International Organization
• Demand & Supply / Demand and Fulfillment
• Five-year Plans / Five Year Plan
• Financial Market
• National Income
• Types Of Market
• Theory of Consumer
• Foreign Trade
• Foreign Exchange Market
• Forex Reserves
• International Trade / International Trade
• Special Drawing Rights / Special Drawing Rights
• Trade Policy
• Unemployment

 

 

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Download Short Notes on Economics for SSC CGL AAO Paper in English

Download Short Notes on Economics for SSC CGL AAO Paper in Hindi: Link I & Link II

 

 

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