TMBU,Bhagalpur(Bihar) , Syllabus
B.A in Economics (Honours) & Pass/Subsidary Paper1:Micro Economics UNIT 1: INTRODUCTION Nature & scope of economics. Micro & Macro economics static & Dynamic Analysis UNIT 2: CONSUMER'S BEHAVIOUR Theory of consumer demand (a) Utility Analysis (b) Indifference Curve Analysis (i) Nature & Properties (ii) Consumer's Equilibrium (iii) Income Effect . Substitution Effect & Price Effect, Law of Demand, Elasticity of Demand Price, Income & Cross Consumer's Surplus. UNIT 3: THEORY OF PRODUCTION & COSTS Law of Production (a) Law of variable Proportions (b) Returns to scale (c) Isoquants Properties and Producer's Equilibrium, Concept of cost & Revenue Curves-U-shaped cost curve. UNIT 4 : MARKET STRUCTURE Analysis of Market structure determination under perfect competition, and monopoly price discrimination Equilibrium of Firm & Industry Under