Fundamentals of Economics papers basically contain the study of the economical statistics of income flows. The paper also includes the details knowledge about the various concepts that runs behind National income of a country. The students need to be clear in every topic because this paper holds grip on the development and growth factors related to any organizations. Most of the times, questions that are asked in the examination is simple and descriptive types.

Importance of the subject:

The B.A in Economics-Fundamentals of Economics Papers mainly deals with the description about the different stages economical growth and development. The different terms of income and sale are also included under this paper. It also gives the description about how to know the rate of foreign exchange etc.

Paper pattern:

The basic paper pattern that followed by the Vardhaman Mahaveer Open University carries maximum number of two sections under which the questions are divided accordingly. There are three questions that are mandatory for all the students to answer from section A. Each question carries an alternative option for the candidates. In Section B, students need to attempt only four questions out of seven. Markings of both the sections are different.

Frequently asked questions:

Questions that are asked in plenty of times from the Fundamentals of Economics Papers are circular flow of economics, law of demand and Recardian theory etc. There are also few questions that are not repeatedly asked from the paper but considered as important ones are increasing return of sale and linear programming etc.

Marks and time:

The scores allotted to the paper are 70 and total time that an individual get is three hours to attempt all the questions.

Books recommended:

Fundamentals of Economics by William J Boyes

Fundamentals of Economics by Michael Melvin William