An excellent listing with easy-to-understand descriptions is [here](https://www.economist.com/economics-a-to-z)(by The Economist, London). But this is too exhaustive for our purpose of studying Indian economy. A shorter list, of 20 terms, is [here](https://oxfordsummercourses.com/articles/basic-terms-used-in-economics) The following topics/terms need to be understood clearly but not in too much detail. 1. Consumer Behaviour:Concepts of Utility, Budget Lines, and Indifference Curves. 2. Demand and Supply. 3. Producer Behaviour- Analysis of Production Functions, Cost, and Revenue. 4. Market Forms:Differences between Perfect Competition, Monopoly, and Oligopoly. 5. [[GDP]] 6. GNP 7. NNP 8. The circular flow of income. 9. Money and Banking: The role of the Central Bank (RBI), commercial banks, and the mechanism of credit creation. 10. Determination of Income and Employment: Based on Keynesian theory, focusing on Aggregate Demand and its components. 11. Government Budget 12. Revenue/capital receipts 13. Fiscal deficits. 14. Balance of Payments (BoP) 15. Sustainable Development 16. CPI We also needs to have an understanding of the data collection techniques as well the statistical tools used to study the economy.