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LEVEL 1 CURRICULUM

Foundation (Level 1)

Conceptual foundations, intuitive mental models, and everyday Indian economic realities.
Foundation (L1)Core (L2)Intermediate (L3)Advanced (L4)
Target Audience

Class 9–12, CUET, Curious Citizens & Beginners

Maths Prerequisite

Percentages, ratios, arithmetic, graph reading

Academic Approach

No calculus required. Focus on cause-and-effect relationships, economic decision-making, and institutional basics.

Foundation (Level 1) Topics Directory

Explore all canonical lectures classified under Foundation difficulty.

01
School A: Foundations and Methods

Economic Thinking and Economic Systems

View Department Syllabus
01.1.1
Module 01.1

Scarcity, choice and opportunity cost

01.1.2
Module 01.1

Needs, wants and resources

01.1.3
Module 01.1

Central problems of an economy: what, how and for whom

01.1.4
Module 01.1

Production possibility frontier

01.1.5
Module 01.1

Microeconomics and macroeconomics

01.1.6
Module 01.1

Positive and normative economics

01.2.1
Module 01.2

Models, assumptions and ceteris paribus

01.2.2
Module 01.2

Marginal thinking

01.2.3
Module 01.2

Incentives and unintended consequences

01.3.1
Module 01.3

Traditional, market, command and mixed economies

01.3.2
Module 01.3

Capitalism, socialism and India's mixed economy

01.3.3
Module 01.3

The price mechanism and the invisible hand

01.4.1
Module 01.4

Division of labour and specialisation

01.4.2
Module 01.4

Barter and the double coincidence of wants

01.4.3
Module 01.4

Gains from exchange

01.4.4
Module 01.4

The circular flow: households and firms

02
School A: Foundations and Methods

Mathematics for Economics

View Department Syllabus
02.1.1
Module 02.1

Ratios, percentages and percentage points

02.1.2
Module 02.1

Growth rates, averages of growth and CAGR

02.2.1
Module 02.2

Reading economic graphs: movements versus shifts

03
School A: Foundations and Methods

Statistics for Economics

View Department Syllabus
03.1.1
Module 03.1

Primary and secondary data

03.1.2
Module 03.1

Census and sample surveys

03.2.1
Module 03.2

Classification and tabulation

03.2.2
Module 03.2

Frequency distributions

03.2.3
Module 03.2

Diagrams: bar, pie, histogram, polygon and ogive

03.2.4
Module 03.2

Misleading charts and honest scales

03.3.1
Module 03.3

Mean, median and mode

03.3.2
Module 03.3

Dispersion: range, quartile deviation, mean deviation, standard deviation

03.4.1
Module 03.4

Scatter diagrams and correlation

03.4.2
Module 03.4

Karl Pearson and Spearman rank correlation

06
School B: Microeconomics

Consumer Theory and Demand

View Department Syllabus
06.1.1
Module 06.1

Cardinal and ordinal utility

06.1.2
Module 06.1

Total and marginal utility; diminishing marginal utility

06.1.3
Module 06.1

Consumer equilibrium: the equi-marginal principle

06.2.1
Module 06.2

The budget line

06.2.2
Module 06.2

Indifference curves and their properties

06.2.3
Module 06.2

Marginal rate of substitution

06.2.4
Module 06.2

Consumer equilibrium with indifference curves

06.3.1
Module 06.3

Demand and its determinants

06.3.2
Module 06.3

The law of demand and its exceptions: Giffen and Veblen goods

06.3.3
Module 06.3

Movement along versus shift of the demand curve

06.3.4
Module 06.3

From individual to market demand

06.4.1
Module 06.4

Price elasticity of demand

06.4.2
Module 06.4

Measuring elasticity: percentage, total outlay and geometric methods

12
School C: Macroeconomics, Money and Finance

National Income Accounting

View Department Syllabus
12.1.1
Module 12.1

Stocks and flows

12.1.2
Module 12.1

Final and intermediate goods

12.1.3
Module 12.1

The circular flow in two, three and four sectors

12.1.4
Module 12.1

Leakages and injections

12.2.1
Module 12.2

GDP, GNP, NDP and NNP

12.2.2
Module 12.2

Market prices, factor cost and basic prices

12.2.3
Module 12.2

Gross value added

12.2.4
Module 12.2

National, personal and disposable income

12.2.5
Module 12.2

Nominal and real GDP; the GDP deflator

12.2.6
Module 12.2

Per capita income

12.3.1
Module 12.3

The value-added method

12.3.2
Module 12.3

The income method

12.3.3
Module 12.3

The expenditure method

12.3.4
Module 12.3

Double counting and other errors

12.4.1
Module 12.4

Why GDP is not welfare

17
School C: Macroeconomics, Money and Finance

Central Banking and Monetary Policy

View Department Syllabus
17.1.1
Module 17.1

Functions of a central bank

17.1.2
Module 17.1

Banker to the government and to banks

17.2.1
Module 17.2

Quantitative tools: policy rate, CRR, SLR and open market operations

17.2.2
Module 17.2

Qualitative tools and moral suasion

34
School G: The Indian Economy

India's Monetary, Banking and Financial System

View Department Syllabus
34.1.1
Module 34.1

History and functions of the RBI

34.1.2
Module 34.1

The monetary policy framework and the MPC

34.1.3
Module 34.1

RBI policy instruments: repo, SDF, MSF, CRR and SLR

34.2.1
Module 34.2

Structure of Indian banking

34.2.2
Module 34.2

Priority sector lending

34.3.1
Module 34.3

SEBI and the securities market

34.3.2
Module 34.3

IRDAI and insurance

34.4.1
Module 34.4

UPI and NPCI

34.4.2
Module 34.4

Jan Dhan and financial inclusion

35
School G: The Indian Economy

India's Public Finance and Fiscal Federalism

View Department Syllabus
35.1.1
Module 35.1

Budget documents and structure

35.1.2
Module 35.1

How to read the Union Budget

35.1.3
Module 35.1

Tax and non-tax receipts

35.2.1
Module 35.2

Income tax and corporate tax

35.2.2
Module 35.2

GST: structure, the GST Council and compensation

35.3.1
Module 35.3

The FRBM Act and its amendments

35.3.2
Module 35.3

Food, fertiliser and fuel subsidies

35.4.1
Module 35.4

Finance Commissions

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