Introduction - Full Chapter 🔥 | Class 11 Micro Economics | PARINAAM SERIES

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00:00 Introduction
02:05 What Economics is all about ?
06:15 Meaning of Economy
11:00 Types of Economy
17:07 Difference between Market & Centrally Planned Economy
18:45 Meaning of Scarcity
21:30 Economic Problem
22:15 Causes of Economic Problem
24:10 Three Central Problems of an Economy
29:50 Branches of Economics
36:35 Positive and Normative Economics
40:09 Difference between Positive and Normative Economics
40:45 Opportunity Cost
44:10 Marginal Opportunity Cost
50:38 Production Possibilities Curve- Concept
55:50 Definition & Assumptions of PPC
57:50 PPC Schedule & Graph
01:05:00 Opportunity cost Concept in PPC
01:06:17 Shape of PPC
01:08:10 MRT = Slope of PPC
01:10:57 Another names of PPC
01:11:28 Points on PPC
01:17:19 Shifts in PPC
01:20:33 Rotation of PPC



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