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...Module i hours engineering economics nature scope basic problems of an economy micro and macro demand meaning function law its exceptions determinants elasticity measurement simple numerical to be solved forecasting supply exception determination market equilibrium text book for reading principles by deviga vengedasalam karunagaran madhavan oxford publication some the e resources have taken from explaining students in class purposes only dr l p panda gcek wants scarcity when exceed available satisfy them there is pervasive economic problem faced with people must make choices study cope deals allocation scarce among alternative uses humanwants what communities are being produced quantities produce resource methods these commodities how labour intensive or capital society s output goods services divided members whom distribution income...