Syllabus For B.A डिग्री (1st Sem.) Under CBCS

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Economics

Introductory Microeconomics

Major Course (MJC)

Unit 1.  Exploring the subject matter of Economics : Definition of Economics, Need, Scope and Method of Economics, Nature and Subject matter of Economics, Problem of scarcity and choice, Central problem of Economy.

 Unit 2.  Supply and Demand : A  Concept and type of demand, Determinants of individual Demand/Supply; Demand and Demand Function, Theory of Demand and Law of demand and Supply, Exceptions to law of Demand,. Demand/Supply Schedule and Demand/Supply curve;  Demand for complementary and Substitutes goods, Market versus individual Demand/ Supply; Shift in Demand /Supply curve, Demand and Supply together, Elasticity of Demand and Supply, Determinants, Measurement and application, Static & Dynamic demand, Consumer Surplus 

B The Theory Of Consumer Behaviour : Cardinal and Ordinal Utility Analysis

Unit 3. The Theory of Consumer Behaviour : The Firm and Market Structure: Nature of form organizing Economic activity in a form, Objective of a form:  Profit Maximization vs Sales Maximization, Introduction to basic idea of equilibrium of a form, Condition for Producer`s equilibrium in short run and long run for Firm and industry ;Total and Marginal Approach. Basic idea of Market, Concept and type of Cost and Revenue; Total, Average and Marginal concept , classification of market, Time element in market, Characteristic of different market Structure along with the relevant example.

 Unit 4. The Market for the Factors of Production: Labour market : Basic concept, Derived Demand, Productivity of an Input, Marginal Productivity of Labour, Marginal Revenue Product, Demand for Labour, Backward Bending Supply curve of Labour, Tax Policy and Labour supply, Labour Force Participation, Determination of Wage Rate  on a Perfectly Competitive Labour Market.


Economics

Introductory Microeconomics

Minor Course (MIC)

Unit 1.  Exploring the subject matter of Economics: Definition of Economics, Need, Scope and Method of Economics, Nature and Subject matter of Economics, Problem of scarcity and choice, Central problem of Economy.

Unit 2.  Supply and Demand : A   Concept and type of demand, Determinants of individual Demand/Supply; Demand and Demand Function, Theory of Demand and Law of demand and Supply, Exceptions to law of Demand,. Demand/Supply Schedule and Demand/Supply curve;  Demand for complementary and Substitutes goods, Market versus individual Demand/ Supply; Shift in Demand /Supply curve, Demand and Supply together, Elasticity of Demand and Supply, Determinants, Measurement and application, Static & Dynamic demand, Consumer Surplus 

Unit 3. The Theory of Consumer Behaviour : Cardinal Approach: Law of Diminishing Marginal Utility, Law of Equi-Marginal Utility, Consumer` Equilibrium.

Ordinal Approach: Indifference Curve ; Meaning and Properties Of Indifference Curve ,Consumer` Equilibrium with the help of Indifference Curve

 

 

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