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...Economics aims to enable candidates acquire knowledge acquaint with the main information and develop an understanding of institutions through which productive facts terms concepts conventions trends process is carried out principles generalisations assumptions role hypotheses problems processes etc in functioning economy tools economic compare their own analysis structure that other areas world important class xi there will be two papers subject ii micro macro meaning paper i theory hours marks difference basic utility price value wealth welfare money market project work capital investment income production consumption saving business cycle aggregate demand supply part consist compulsory short between answer questions testing application a conceptual skills relating elementary fundamental aspects types entire syllabus features total marginal eight diminishing required five definition general rise fall each carrying inflation pull cost note intended reflect study push diagrams not real ...