📊 Concept-Driven · 8 PYQ Papers Analysed

Score Full Marks
in Economics

21ECO101J · SRM IST · Semester 1
Fundamentals of Economics — Complete Smart Study Hub

5
Units Covered
8
PYQs Analysed
60+
Key Concepts
15
Must-Know Topics
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📚 Notes & Presentations

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🔥 Units 1 & 2 = 50% of marks.  Demand & Supply, Elasticity, and Market Structures appear in every paper. Law of Demand, Price Elasticity formulas, Perfect Competition vs Monopoly, and National Income concepts are guaranteed mark-scorers. Master these first!
📈 Data-Driven Analysis

PYQ Pareto Analysis

Based on 8 exam papers. Master the 20% of topics that yield 80% of marks.

🔥 HOT
Unit 1
Demand, Supply & Elasticity
28%
21 / 75 marks
🔥 HOT
Unit 2
Production & Cost Analysis
22%
17 / 75 marks
Unit 3
Market Structures
20%
15 / 75 marks
Unit 4
National Income & Macro
18%
14 / 75 marks
Unit 5
Money, Banking & Inflation
12%
9 / 75 marks

🏆 Top Topics — The Pareto List

Mastering only these topics lets you score 55–65 out of 75

🌡️ Topic Frequency Heatmap

📚 Complete Study Guide

Unit-by-Unit Study Guide

Clear concepts, graphs, worked examples, and common mistakes for every unit.

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🎯 Exam Strategy

Guaranteed Marks Plan

How to approach each part of the Economics exam for maximum marks.

Part A
25 MCQs × 1 = 25 marks
Target: 20–23 / 25
  • Law of Demand & Demand curve shifts 8/8
  • Price Elasticity of Demand (PED) formula & types 8/8
  • Law of Variable Proportions — 3 stages 8/8
  • Perfect Competition vs Monopoly (key differences) 7/8
  • GDP vs GNP vs NNP — definitions & differences 7/8
  • Consumer Surplus & Producer Surplus 7/8
  • Marginal Cost = Marginal Revenue condition (profit max) 6/8
  • Multiplier effect — formula & calculation 6/8
  • Quantity Theory of Money (MV = PT) 6/8
  • Types of inflation & measures to control it 5/8
Part B
5 Questions × 8 = 40 marks
Target: 32–40 / 40
QUnitExpected Topic
21U1Law of Demand + Elasticity of Demand (types, formulas, diagrams) 🔥
22U2Law of Variable Proportions OR Returns to Scale 🔥
23U3Perfect Competition equilibrium (short-run & long-run graphs) 🔥
24U4National Income — GDP, GNP, NNP, methods of measurement
25U5Monetary Policy OR Inflation types & control measures
Part C
1 Question × 10 = 10 marks
Target: 8–10 / 10

Choose 1 of 2 questions. Typical options:

Q.26
Market Structures — compare Perfect Competition, Monopoly, Oligopoly with diagrams 🔥 OR National Income accounting — all methods with examples
Q.27
Elasticity of Demand — all types, formulas, numerical problems 🔥 OR Cost & Revenue curves — relationship between AC, MC, AR, MR
💡 Economics Exam Secret: Always draw neat, labelled diagrams for full marks — examiners reward diagrams. For numerical questions, show your formula first, then substitute values. Use a table to compare market structures — it impresses examiners and is very fast to write!

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The most-repeated solved questions from 8 years of PYQs, plus MCQ flashcards.

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❌ Wrong: 0
📊 Total: 0

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