Professional Documents
Culture Documents
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7
Price per lb
5
3
Price
Demand Supply 2
Supply 1
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0
0 1 2 3 4 5 6 7
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Q Q1 Quantity
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TOSS,
TOSS, TOSS,
ii
Foreword
Providing education to children is a fundamental right, and it's essential for the overall
development of society. The government of Telangana plays a crucial role in ensuring that
education is accessible to all, and they often establish institutions like the Telangana Open
School Society (TOSS) to cater to children who may be unable to access formal education
due to various reasons.
This textbook of economics is broadly divided into four areas: introduction to Economics,
Microeconomics, Macroeconomics, the Indian Economy, and the Telangana Economy.
Inflation, unemployment, economic growth, Demand Analysis, National Income Analysis,
Economic Development in India, and human resources are some of the topics of this
textbook. Understanding all these chapters is essential for a comprehensive grasp of the
subject.
We are indeed very grateful to the Government of Telangana and the Telangana State Board
of Intermediate Education. Special thanks to the editor, co-coordinator, teachers, lecturers,
and DTP operators who participated and contributed their services tirelessly to write this
text book.
iii
MVS
MJPTBCWR
iv
I.
II.
III.
IV.
V.
v
vi
1
1
P.A.
A.C.
2
3
4
A.C.
5
6
>
>
>
>
7
8
9
10
11
12
I.
II.
III.
13
1. Introduction to Economics - David Williams
5. BA Economics
14
2
15
•
•
•
•
•
16
17
•
18
•
19
•
20
21
(NSO)
22
I.
II.
III.
23
24
3
25
A)
26
B)
J.R. R.J.D.
A) Form Utility
B) Place Utility
C) Time Utility
D) Service Utility
H. H.
27
(Total Utility) TU
TUn = F (Qn) TU = n= f= Qn =
Marginal Utility MU
MU= TU / Q
28
Q TU MU
1 8 8
2 14 6
3 18 4
4 20 2
5 20 0
6 18 -2
TU
MU
TU
MU
TU
TU/ MU
MU
29
A) TU MU
B) TU MU
C) TU MU
A)
H.H.
30
MUX/Px = MUY / Py = MUz/Pz = MUn/ Pn
A B
1 20 (1st) 18 (3rd)
2 18 (2nd) 16 (5th)
3 16 (4th) 14
4 14 12
5 12 10
80 70
A B
A B
31
I.
32
II.
III.
33
1. Telugu Academy intermediate Ist year text book.
34
4
35
36
Dx= f(Px, P1, ……., Pn, Y, T)
Px =
P1, ……., Pn =
Y=
T=
f= P1,.…, Pn,Y,
T
Px ---> Dx
37
38
Y
D
P1
P
D
Q Q1 X
X OY DD
OP OQ
OP1 OQ1
39
(Illusion):
40
(Price demand)
(Income demand)
(Cross demand)
(Price demand)
50 5
40 10
30 15
20 20
10 25
25 4 5 6 15
24 6 8 10 24
23 8 11 14 33
22 10 14 18 42
21 12 17 22 51
41
Dx= f(Y)
Dx = X Y= f=
2000 4 12
4000 6 10
6000 8 8
8000 10 6
10000 12 4
42
Y
D
Y1
Y
Q Q1 X
OX OY
OY OQ OY OY1
OQ OQ1 YD
Y1
Y
D
Q Q1 X
43
OX OY OY
OY1 OQ OQ1 YD
Dx = f(Py), Dx = X Py = Y
f=
10 500 10 500
9 600 10 400
P10
P9
Q Q1 X
44
OX OY OY
OY1 OQ OQ1
5 1000 75 500
5 2000 50 1000
Y
C
P1
D
Q Q1 X
OX OY
OP OP1 OQ OQ1 CD
45
I.
II.
III.
46
TSBIE
B.A.
NCERT
NIOS
47
5
48
49
50
Q = f (N, K, L, O)
Q= K=
L= N= O=
51
52
(TP)
(AP)
AP = TP/N
(MP)
53
(TP) (AP) (MP)
(AP=MP)
54
OX OY
TP 'E'
E R
'M'
MP
'H' 'H'
'C' AP
'I'
'I' 'I'
55
LDC
56
I. II.
III.
OX
OY
R P
57
RS =
RP =
PQ =
QS =
I.
(Finance)
II.
58
III
59
60
61
62
I.
II.
III.
63
64
1. Advanced Economic Theory - HL Ahuja
65
6
66
Stock Stock
67
Sx=f(Px, Pt, Pf, T, Gf, Gp)
Px,Pt,Pf,T,Gf,Gp
SX=f(Px)
68
1
P Q
10 500
20 600
30 700
40 800
50 900
69
X- Y-
OX OY
ss OP OP OQ
S1S1 OP
OQ1 OQ OP1
S2S2 OQ2
OQ OP2 OP
OQ2
70
71
72
(TFC) (TC) ATC) MC)
(Q) (TVC)
TC=TFC+TVC
TC= TFC=
TVC=
73
OX OY TFC
TVC TC
TFC X
TVC TVC
TVC
(SAC),
MC= TC/Q
74
SMC SAC
U SMC, SAC
SAC SMC SMC SAC
SMC SAC SMC
SAC SMC SAC
SAC A SMC <SAC SMC>SAC.
TR) (P) x Q)
AR = TR P = PxQ
Q Q
75
.
MR = TR
Q
OX
1 15 15 15 15
2 15 30 15 15
3 15 45 15 15
4 15 60 15 15
5 15 75 15 15
6 15 90 15 15
7 15 105 15 15
8 15 120 15 15
9 15 135 15 15
10 15 150 15 15
76
AR MR X
I.
77
II.
III.
78
7
79
80
i)
ii)
iii)
i.
ii.
iii.
i.
ii.
81
iii.
i.
ii.
82
83
10 70 30
20 60 40
30 50 50
40 40 60
50 30 70
84
Y Supply
S
D
Rs.30 P E - Equilibrium
X
O Q 50Kgs
OX OY
‘DD’ ‘‘SS’’ OP ‘E’
OP OQ
i ii iii iv
85
AR, MR
OX
P=AR=MR. P=AR=MR.
86
87
(Oligopoly)
‘oligos’ ‘pollein’
‘duo’ ‘poly’
88
I.
89
II.
III.
90
1. Telugu Acadamy Intermediate 1st year.
91
8
92
93
.
J.B
94
(MPP)
MVP) (MRP)
MFC
MRP) MFC
MRP)
MFC MRP)
(ARP)
AFC=MFC=MRP=ARP)
95
E AFC=MFC, ARP MRP
OF OW
OW OW1 E1 S1
F1E1 F1S1
OW AFC
OW2 S2E2
OW AFC E
OW ARP=MRP=AFC=MFC.
96
a)
b) c) d)
A, B, C
97
B
A B A
A
C
C A
B
C
C
A x100=3000)
B x50
98
TimeWage)
99
i) (Money Wages)
100
i.
ii.
iii.
iv.
101
a)
b)
c)
i.
102
ii.
iii.
iv.
v.
I.
103
II.
III.
104
9
105
•
•
•
•
•
•
•
•
106
Simon Kuznet
Simon Kuznet
A)
B)
C)
107
(GNPMP)
C= I= G= (X-M) =
R=
P=
GNP at FC =
(GDP)
GDP = GNP
GDP = C + I + G + Z
C= I= G=
Z=
108
Z - GDP
Z - GDP
[NNP at MP]
[NNP at FC]
(Personal Income)
(Disposable income)
109
(Nominal Income)
Y = C + I + G + (X-M)
110
(Consumption):
(Y)
(C) (S)
Y=C+S
(Investment):
(Govt Expenditure):
(Exports):
(Imports):
X-M)
111
(Product method)
GNP = P= Q= n-
(Income method)
=R+W+I+P
R= W= I= P=
(Expenditure method)
NI = EH + EF + EG + NET Exports
NI = EH = EF =
EG =
Net exports =
112
113
(NSO)
I.
114
II.
III.
115
(GDP)
(GNA)
116
10
Economics 117
118 Economics
JB
(S = D)
(S=I)
Economics 119
(S=I)
OX OY
E
DN = f (W/P) DN = W= P=
(W), (P) (W/P)
120 Economics
OX
OY OW2
(DL>SL) OW
(DL>SL)
OW (DL=SL)
'E'
•
Economics 121
•
122 Economics
(N) (N)
10 250
12 300
14 350
16 400
18 450
20 500
Economics 123
OY OX
O N
(C) (I)
(G)
AD= C+I
124 Economics
(N)
10 325
12 350
14 375
16 400
18 425
20 450
AD
AD
Economics 125
(N)
10 250 325
12 300 350
14 350 375
16 400 400
18 450 425
20 500 450
126 Economics
(ADP) (ASP), E
ON1
AD1 (C+I)
E2 AD2 (C+I+G)
E2
E2 E1 (gap)
I.
II.
III.
128 Economics
AC
Economics 129
11
130
131
•
132
• (GST): GST
GST
GST
GST
GST
GST
VAT
133
IBRD, IMF, ADB
i)
ii)
134
i)
ii)
i)
ii)
iii)
iv)
135
136
I)
II)
137
i)
ii)
138
i)
ii)
iii)
iv)
139
i)
ii)
iii)
iv)
v)
140
i)
ii)
iii)
iv)
141
v)
vi)
vii)
i)
142
(R=E)
(R > E)
(R < E)
I.
143
II.
III.
144
145
12
146
147
(i)
(ii)
148
(iii)
(iv)
(v)
i)
ii)
iii)
iv)
149
i)
ii)
iii)
ii
150
iii
iv
i ii iii) iv)
ii
151
iii)
iv)
v)
i)
ii)
152
iii)
iv)
i)
ii)
M0, M1, M2 M3
153
M0= + +
M1= + +
M2=M1 + +
CD
M3=M2 + +
www.rbi.org.in/scripts
154
I.
II.
III.
155
B.A.
156
13
157
•
158
R.S.
i)
159
ii)
iii)
iv)
160
SBI, HDFC
161
ATM
ATM
162
(ATM)
(NEFT) (RTGS)
(ECS)
163
(Wi-fi) 3G, 4G 5G
164
165
166
i)
NABARD) ii
(IDBI), iii)
(FCI, SFC)
(A)
(B)
II.
167
II.
III.
• B.A.
168
14
169
90 95 98 100 102 105
170
WPI
171
172
173
174
WPI
175
I.
II.
176
III.
177
15
(PCI)
(HDI)
178
179
(LPG Model)
180
(GNI)
i) (PCI) US$
USA, UK,
ii) US$ $
iii) US$ $
iv US $
181
• (PCI)
(PCI)
(GDP)
(PPP)
(US$
70480
49420
75860
59680
7270
19170
Source: ttps://data.worldbank.org/indicator/NY.GNP.PCAP.PP.CD
182
(Human Development Index)
(GDP)
HDI
Source: https://hdr.undp.org/data-center/country-insights#/ranks
(HDI)
HDI
183
184
(GNP)
185
(GDS)
(GDI)
186
187
I.
188
II.
(NITI)
III.
189
1. Text book for Intermediate Second Year Economics. TSBIE Telangana.
6. IGNOU BA Economics
7. NIOS Economics
8. https://hdr.undp.org/data-center/country-insights#/ranks
9. Source: https://data.worldbank.org/indicator/NY.GNP.PCAP.PP.CD
190
16
191
(Census)
(Census)
192
(UNFPA)
1901 238 - -
1911 252 0.56 5.8
1921 251 -0.03 -0.3
1931 279 1.04 11.0
1941 319 1.33 14.2
1951 361 1.25 13.3
1961 439 1.96 21.6
1971 548 2.22 24.8
1981 683 2.20 24.7
1991 846 2.14 23.9
2001 1028 1.95 21.5
2011 1210 1.63 17.7
193
Table-2 Birth and Death Rates in India
Births Deaths
Decade (per 1000) (per 1000)
1891-1900 45.8 44.4
1901-1911 48.1 42.6
1911-1920 49.2 48.6
1921-1930 46.4 36.3
1931-1940 45.2 31.6
1941-1950 39.9 27.4
1951-1960 40.0 18.0
1961-1970 41.2 19.2
1971-1980 37.2 15.0
1981-1990 29.5 9.3
1991-2000 25.4 8.4
2001-2011 21.8 7.1
194
(IMR)
(IMR)
195
196
I)
II)
197
198
199
(Gross Domestic
Product)
200
201
(TFR)
AIDS (NACO)
202
I.
II.
III.
203
1. Text book for Intermediate Second Year Economics. TSBIE, Telangana.
2. Text book of Social Studies, Class X. TOSS
3. Text book of Social Studies, Class X. SCERT Telangana
4. NCERT Class 11, 12 Economics
6. https://nhm.gov.in/New_Updates_2018/Report_Population_Projection.
7. BA III year Economics, BRAOU
8. BA Economics, IGNOU
204
17
HDI
HDI
205
•
206
207
208
209
210
(ODF)
211
i)
ii)
212
20 85
0 18
0 15
HDI
213
I.
II.
III.
214
•
215
18
216
217
‘‘The Poverty in British Rule in India’’
NSO
218
1950-51 9531 448483 265 12493
1980-81 135470 1352931 1995 19925
1999-2000 1779304 3800560 17775 37968
2010-11 6756720 7373384 56971 62170
2015-16 12162398 9963681 94797 77659
2016-17 13623936 10782092 104880 83003
2017-18 15140418 11508774 115224 87586
2018-19[3rd RE] 16713054 12226019 125946 92133
2019-20[2nd RE] 17716597 12641633 132115 94270
2020-21 [1st RE] 17194158 11536004 126855 85110
2021-22 [PE] 20529727 12519976 150007 91481
2022-23 [AE] 23594934 13347932 170620 96522
219
1951-52 6.3 3.8 4.6 2.1
1961-62 5.6 3.6 3.2 1.3
1971-72 6.9 4.8 3.7 2.5
1981-82 16.8 6.0 14.6 4.0
1991-92 13.8 0.5 11.6 -1.5
2001-02 8.1 4.8 6.0 2.7
2011-12 14.6 5.0 11.4 2.1
2017-18 11.6 6.7 9.9 5.5
2011-22 (PE) 19.4 8.5 18.3 7.5
220
1950-51 57.2 14.8 25.0
2000-01 25.1 22.1 52.4
2010-11 17.7 27.0 55.3
2018-19 16.1 29.6 54.3
2020-21 20.19 25.92 53.89
(IT)
221
IT
IT
I.
II.
222
III.
IT
224
•
225
(Absolute (poverty):
$2.15
(BPL)
226
RBI
(MOSPI)
NITI
(NSSO)
Year
Rural Urban Total Rural Urban Total Rural Urban Total
227
228
229
230
231
(Under Employment)
232
(Disguised Employment)
(Voluntary Unemployment)
(Seasonal Unemployment)
(Technical Unemployment)
233
(Cyclical Unemployment)
(Educated Unemployment)
(Frictional Unemployment)
i)
234
ii) (Weekly status unemployment)
iii) (Dailystatusunemployment)
235
GDP
236
(SFDA)
(MFAL) (IRDP)
(DPAP) (DDP)
(NREP)
(FWP)
(PMIUPEP)
(MGNREGP)
237
(PMGSY)
(KMBJ) (KMBJ)
(SSY)
(SGRY)
(JPNRGY)
(VAMBAY)
(NFFWP)
238
(BNP)
(MGNREGA):
(PMAY): (BPL)
LPG
(PM-SYM):
(UW)
239
I.
II.
III.
240
20
241
GDP
242
I.
II.
III.
IV.
V.
VI.
VII.
VIII.
IX.
X.
XI.
XII.
243
(Perspective planning),
244
245
I 1951-56
II 1956-61
III 1961-66
IV 1969-74
V 1974-79
VI 1980-85
VII 1985-90
VIII 1992-97
IX 1997-2002
X 2002-07
XI 2007-12
XII 2012-17
I.
246
II.
(HYV)
III.
IV.
VI
(GDP)
VII
VIII
247
IX
X.
248
[NITI (National Institution for Transforming India) Aayog]
249
a.
b.
c.
d.
e.
f.
g.
h.
I.
II.
III.
IV.
V.
250
VI.
VII.
VIII.
IX.
X.
XI.
XII.
I.
II.
III.
IV.
V.
VI.
VII.
251
VIII.
IX
X.
I.
252
II.
III.
253
21
254
255
256
1.
i)
257
ii)
iii)
i)
ii)
iii)
i)
ii)
258
iii)
259
260
261
HYV
HYV
262
(HYVs)
263
264
265
266
267
I.
II.
268
III.
269
22
270
1KW
271
(MSME)
272
(SEZ)
273
•
• (SME)
274
•
275
LPG
• MRTP (MRTP)
• FDI: FDI
•
(LPG)
276
•
277
•
• (GDP)
278
•
279
•
• (MSME)
MSME
MSME
• (FDI)
• (IDBI)
• (IFCI)
• (SIDBI)
• EXIM
• (NABARD)
280
I.
LPG
MRTP
II.
MSME
III.
281
•
• MSME
• MRTP
5. https://commerce.gov.in/
282
23
283
(SHGs
284
285
1950-51 1999-2000 2020-21
1. 32 322 598
2. # 5 481 886
3. 0.4 32 20
4. 1.0 27 78
5. 3 100 235
6. 73 456 1021
7. 19 272 576
8. NA 5 1036
286
287
288
i)
ii)
iii)
1950 510 9 6 72 10 3
1979 84005 9 5 65 14 4
1997 315294 18 6 44 27 4
2007 525672 21 18 46 19 4
2013 85292 22 8 45 18 4
2019 87145 21 9 47 17 6
289
290
291
292
293
294
295
I.
296
II.
III.
297
24
GATT
WTO
298
• (BOT) (BOP)
• GATT WTO
299
(BOT)
(BOP)
(BOP)
300
•
•
•
(BOT) = = +
+
(BoP
301
(Balance of Payments)
(BoP)
(ECB)
302
303
(FDI)
304
305
306
(GATT)
(GATT)
(GATT)
GATT
GATT
GATT
GATT
GATT
GATT
GATT
(WTO)
(GATT)
307
(WTO) GATT
WTO
(WTO)
WTO
WTO
WTO
WTO
•
•
• WTO WTO
WTO
• WTO
308
(WTO)
•
•
•
•
•
•
WTO
WTO
WTO
309
IMF IBRD
IMF IBRD
WTO WTO
(GATT)
WTO
WTO (IUU)
310
GATT WTO
(WTO)
(GATT)
GATT (WTO)
1
2 WTO
GATT
3 GATT
WTO
GATT
(BOT)
(BOP)
311
WTO
I.
GATT
WTO
II.
WTO
III.
GATT WTO
• (BOT)
• (BOP)
312
• (FDI)
• US
• (WTO)
4. IGNOU BA Economics
5. NIOS Economics
313
25
314
(Environment)
315
316
317
318
319
320
321
(Environmetal Degradation)
322
323
324
325
I.
III.
III
326
Anil Markandya et.al(2004): Environmental Economics for Sustainable Growth, Edgar Elen,
Newyork.
327
26
GSDP, GSVA
328
(GSDP), (GSVA),
(PCI)
• GSDP GSVA
• GSDP GSVA
•
329
N N
77' 15 E 89'16
330
GSDP, GSVP
(GSDP)
(GSDP)
GSDP
GSDP
3.6%
GSDP GDP
GDP
GDP GSDP
331
GSDP
(AE)
GSDP
GDP
GDP GSDP
(PCI, MOSPI
(PCI)
PCI PCI
PCI
332
(GSVA) (AE)
(GSVA)
MSME
GVA
333
GVA
GVA
IT ITeS
IT
(GSDP)
GSDP
334
GDP
I.
TS IPASS
II.
GSDP
III.
GSDP GSDP
GSDP.
335
•
(Base year)
(GVA).
VI
336
Appendix-I
337
Appendix-II
338
27
339
340
341
1961 1981 1991 2001 2011
342
343
344
345
346
347
HRD
I.
III.
III.
348
JKC
(UHC)
(AS)
349
28
350
•
•
•
•
•
351
(GVA)
(GSA)
352
353
•
•
• IT
•
•
354
355
(TS-iPASS)
(TS-iPASS)
TS-iPASS
• TS-iPASS
• TS-iPASS
(T-PRIDE)
T-PRIDE
(SAP)
356
(We-Hub)
We
(T-IDEA)
T-IDEA
357
IT/ ITeS
358
T-Hub, Y-Hub, WE-Hub, TSIC
T
T
IT (ITeS)
I.
(T-PRIDE)
359
II.
TS-iPASS
III.
•
• TS-iPASS:
• T-Hub:
TSBIE,
360
29
361
362
363
Accounts 2021-22 BE 2022-23 RE 2022-23 BE 2023-24
(1) (2) (3) (4) (5)
I -5.67 -111.34 63.83 336.86
11 4,569.49 0 0 0
12 -0.05 0.00 0.00 0.00
• Accounts BE RE
364
2021-22 2022-23 2023-24
1,61,467.03
21,470.84 22,412.67
1,31,028.65 12,367.44
1,282.17
162.79 14,155.92
64,067.48
2,16,566.97 2,11,685.23
0.00 4,881.74
2,16,566.97 2,16,566.97
365
366
I.
II.
III.
367
30
(FISS)
SGH
(AB PM-JAY)
368
369
(NSSO)
370
(MPI)
(NITI Aayog)
KCR
371
372
373
(FISS)
374
LIC
375
B.C., S.C., S.T., O.B.C.,
(SGH
(SERP)
376
HIV
377
(AB PM-JAY)
(AB PM-
JAY)
PMJAY
(FPS) (PDS)
PDS
378
(LPCD) LPCD
LPCD
379
(TSHC)
(GHMC)
2BHK
PMAY-U
380
I.
381
II.
III.