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ECO106 — Introduction To Economics

Practice

Course Overview

ECO106 6 Credits L:4 T:2 P:0 Other
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This course introduces fundamental concepts of microeconomics and macroeconomics, including demand and supply, production and costs, market structures, national income, consumption and investment, and inflation. It develops students' ability to analyse economic conditions, interpret business and macroeconomic data, and evaluate monetary and fiscal policy measures.

Study Units

Unit 1

Demand and Supply Analysis

Notes MCQ Subjective
Unit 2

Cost and Production Analysis

Notes MCQ Subjective
Unit 3

Market Structures

Notes MCQ Subjective
Unit 4

National Income

Notes MCQ Subjective
Unit 5

Consumption and Investment Function

Notes MCQ Subjective
Unit 6

Inflation and Economic Stability

Notes MCQ Subjective

Continuous Assessment

3 components

Best 2 of 3 CAs will be considered for evaluation.
Assignment 50%

Students will analyze demand and supply conditions, production and cost structures, market competition, national income indicators, consumption and investment patterns, and the impact of inflation, followed by evidence-based economic and policy recommendations for improving business performance and promoting sustainable economic growth.

Week 3 / 5

Rubric
Objective: To evaluate the economic performance of a selected Indian industry or business using microeconomic and macroeconomic concepts.

Assignment - Case based 50%

Students will analyse demand and supply conditions, production and cost structures, market competition, national income indicators, consumption and investment patterns, and inflationary impacts, followed by evidence-based economic and policy recommendations to improve business performance and economic stability.

Week 8 / 10

Rubric
To evaluate the economic performance of a selected Indian industry (e.g., FMCG, Automobile, Retail, Telecom, Food Processing, E-commerce, or EdTech) using microeconomic and macroeconomic concepts.

Test 50%

The objective of this assessment is to evaluate students' understanding and application of the fundamental concepts of economics covered in Units I–VI of ECO106: Introduction to Economics. Students are required to conduct a case-based analysis of a selected Indian industry or business by applying concepts of demand and supply, production and cost, market structures, national income, consumption and investment, and inflation. The assessment encourages students to interpret economic data, analyse business challenges, evaluate government economic policies, and propose practical recommendations for sustainable business growth and economic stability. The assignment aims to strengthen students' conceptual understanding, analytical thinking, data interpretation, and evidence-based decision-making skills. Time: 50 Minutes.

Week 11 / 12

Rubric
Students will prepare a case-based analytical report covering Units I–VI of ECO106: Introduction to Economics. The report will assess the selected industry/business using microeconomic and macroeconomic concepts.

Exams & Practice

Mid Term Examination

Mid-semester comprehensive evaluation

25%

End Term Examination

Final semester comprehensive evaluation

50%

Type: Examination

ECO106 - FAQs

How many units are in ECO106?

ECO106 has 6 units. Each unit includes detailed notes and MCQ practice questions.

What exam resources are available for ECO106?

Unit-wise notes and MCQ practice are available. Exam resources coming soon.

How to prepare for ECO106 exams?

Study each unit's notes thoroughly, practice MCQs to test understanding, and attempt mock tests before exams. Focus on important topics and previous year questions.