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Full Version: economics NOTES and Papers of MDU BTECH with syllabus
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SYLLABUS:-

Section-A
Definition  of  Economics - various definitions,  Nature  of Economic problem, Production possibility curve Economic laws and  their  nature.   Relation between Science, Engineering, Technology and Economics. Concepts  and  measurement of utility,  Law  of  Diminishing Marginal  Utility,  Law  of equi-marginal  utility  -  its practical application and importance.

Section-B
Meaning  of Demand, Individual and Market  demand  schedule, Law  of demand, shape of demand curve, Elasticity of  demand,  measurement of elasticity  of  demand,  factors effecting  elasticity  of  demand,  practical  importance  & applications of the concept of elasticity of demand. Meaning  of  production and  factors of production;  Law  of variable  proportions, Returns to scale, Internal and External  economics  and diseconomies of scale.

Section-C
Various  concepts  of  cost -  Fixed  cost,  variable  cost, average   cost,  marginal  cost, money  cost,   real   cost opportunity  cost.   Shape of average cost,  marginal  cost, total cost etc. in short run and long run. Meaning of Market, Types of Market - Perfect Competition, Monopoly, Oligoply, Monoplistic Competition (Main features of these markets)

Section-D
Supply and Law of Supply, Role of Demand & Supply in Price Determinition and effect of changes in demand and supply on prices. Nature and characteristics of  Indian economy (brief  and  elementary introduction), Privatization - meaning, merits and demerits. Globalisation of Indian economy - merits and demerits.  Elementary Concepts of VAT, WTO, GATT & TRIPS agreement.