Third Semester · BCA 206

Applied Economics Notes

A dedicated BCA World study page for this subject, aligned to the TU BCA 2025 curriculum units.

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BCA 206 · Applied Economics

2 credits · 5 curriculum units · Third Semester

How to study this subject

For each unit, learn the definition, understand the process, practise one example, and finish by explaining the concept in your own words. Use the model questions after completing the unit notes.

Unit-by-unit notes

Economic concepts, scarcity, choice, and opportunity cost

Revise the definition, components, workflow, common examples, and practical use of economic concepts, scarcity, choice, and opportunity cost. Relate it to a small problem or case study from Applied Economics.

Define the key terms and identify the main components.
Draw or describe the workflow, architecture, formula, or process where relevant.
Connect the idea to a practical BCA example and revise common advantages or limitations.

Demand, supply, elasticity, and market equilibrium

Revise the definition, components, workflow, common examples, and practical use of demand, supply, elasticity, and market equilibrium. Relate it to a small problem or case study from Applied Economics.

Define the key terms and identify the main components.
Draw or describe the workflow, architecture, formula, or process where relevant.
Connect the idea to a practical BCA example and revise common advantages or limitations.

Production, costs, revenue, and market structures

Revise the definition, components, workflow, common examples, and practical use of production, costs, revenue, and market structures. Relate it to a small problem or case study from Applied Economics.

Define the key terms and identify the main components.
Draw or describe the workflow, architecture, formula, or process where relevant.
Connect the idea to a practical BCA example and revise common advantages or limitations.

National income, inflation, unemployment, and business cycles

Revise the definition, components, workflow, common examples, and practical use of national income, inflation, unemployment, and business cycles. Relate it to a small problem or case study from Applied Economics.

Define the key terms and identify the main components.
Draw or describe the workflow, architecture, formula, or process where relevant.
Connect the idea to a practical BCA example and revise common advantages or limitations.

Money, banking, fiscal and monetary policy, and Nepalese economy

Revise the definition, components, workflow, common examples, and practical use of money, banking, fiscal and monetary policy, and nepalese economy. Relate it to a small problem or case study from Applied Economics.

Define the key terms and identify the main components.
Draw or describe the workflow, architecture, formula, or process where relevant.
Connect the idea to a practical BCA example and revise common advantages or limitations.

Model questions for BCA 206

Short answerDefine economic concepts, scarcity, choice, and opportunity cost and mention two important uses.

Define economic concepts, scarcity, choice, and opportunity cost and mention two important uses. Answer using a definition, structured explanation, relevant example, and conclusion.

Long answerExplain demand, supply, elasticity, and market equilibrium with a suitable diagram, example, or step-by-step method.

Explain demand, supply, elasticity, and market equilibrium with a suitable diagram, example, or step-by-step method. Answer using a definition, structured explanation, relevant example, and conclusion.

Practical / applicationApply production, costs, revenue, and market structures to solve a small Applied Economics problem. State your assumptions and conclusion.

Apply production, costs, revenue, and market structures to solve a small Applied Economics problem. State your assumptions and conclusion. Answer using a definition, structured explanation, relevant example, and conclusion.