3. Price Theory - Cost curves and their relationships.Equilibrium of a firm under different market conditions. Pricing of factors of production (modern theories)

4. Money and Banking - Definition and functions. of money, value of money, Quanitity theory of money, Index number , Inflation and Deflation, type of banks and their functions.

5. International Trade- The theory of Comparative costs, balance of payment and adjustment mechanism.

Part -II
Economic Growth and Development - Meaning measurement and determinants, characteristics of underdevelopment, Problems of Growth of developed economy.

Part -III
Indian Economy - Trends in India's population since 1951 Developments in India agriculture since independence, specially with regard to food grains production and land reforms; land reforms in Chhattisgarh Industrial Policy and industrial development in India, planning in India, objectives, strategy rate and pattern of growth, deficit financing and India's Development Plans, Economic development of Chhattisgarh with special reference to Agriculture and Industry.