HOW TO REVISE ECONOMY IN 1 DAY
Morning (4 hours) • 9:00 AM - 10:30 AM: Basic Economic Concepts
Definition of Economics
Types of Economies
Microeconomics vs. Macroeconomics
Factors of Production
• 10:30 AM - 11:00AM: Break
• 11:00 AM - 12:30 PM: National Income Accounting
Gross Domestic Product (GDP) Gross National Product (GNP)
National Income Per Capita Income
Afternoon (3 hours)
12:30 PM 1:30 PM: Inflation and Deflation Definition and Types of Inflation
Causes and Effects
Measures to Control Inflation
Deflation and its Impact
⚫1:30 PM 2:00 PM: Lunch Break
• 2:00 PM - 3:30 PM: Monetary Policy
Role of Reserve Bank of India (RBI) Objectives of Monetary Policy Tools of Monetary Policy
Impact of Monetary Policy on Economy
Evening (3 hours)
⚫ 3:30 PM - 4:30 PM: Fiscal Policy Role of Government in Economy Objectives of Fiscal Policy Components of Fiscal Policy
Impact of Fiscal Policy on Economy
4:30 PM 5:00 PM: Break
• 5:00 PM - 6:30 PM: Budget and Economic Survey
Union Budget: Components and Process Economic Survey: Significance and Key Highlights Impact of Budget and Economic Survey on Economy
Night (2 hours)
⚫ 6:30 PM - 7:30 PM: Indian Financial System Banking Sector Non-Banking Financial Companies (NBFCs)
Capital Market Money Market
7:30 PM - 8:00 PM: Relaxation and Mindfulness
Take some time to relax, meditate, or engage in light activities to unwind before bed.
Remember to adjust the time slots according to your preferences and study pace. Additionally, take short breaks between study sessions to avoid burnout and maintain focus. Happy revising!
Do share with your friends and
