Basic concepts in Economics-Goods, service, utility, value, price, wealth, welfare

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Utility, Wants-Meaning, characteristics, classifications of wants, importance

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Theory of consumption- Law of diminishing marginal utility, law of equi-marginal utility and Consumer surplus

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Demand-Meaning, definition, kinds of demand, demand schedule, demand curve, law of Demand, Elasticity of demand

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Supply function-Law of supply-factors influencing supply-Pricing of timber and non-timber products, Forest planning: forest policy and development

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Production-Meaning, factors of production-land, labour, capital, organization, entrepreneurship - Distribution-rent, wages, interest, profit

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National Income, Public finance, Taxation, Public expenditure, Money-meaning, Inflation, Welfare economics

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Marketing: definition,process, need and role of marketing, Marketing functions, Classification of markets, Marketing of various channels, Price spread, Marketing Efficiency, Integration

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Market intelligence,Constraints in marketing of agricultural produce, Basic guidelines for preparation of project reports, Bank norms, Insurance, SWOT analysis, Crisis management

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