QUESTION PAPERS:-
SYLLABUS:-
UNIT I
The Scope and Method of Economics, The Economic Problem: Scarcity & Choice, The Price Mechanism, Demand & Supply Equilibrium: The concept of Elasticity and its Applications.
The Production Process: Output decisions –Revenues, Costs and Profit Maximisation Laws of Returns & Returns to Scale; Economies and Diseconomies of Scale.
UNIT II
Market Structure: Equilibrium of a Firm and Price, Output Determination Under Perfect Competition, Monopoly, Monopolistic Competition & Oligopoly.
UNIT III
Macro Economic Concerns: Inflation, Unemployment, Trade-Cycles: Circular Flow upto Four Sector Economy, Government in the Macro Economy: Fiscal Policy, Monetary Policy, Measuring National Income and Output.
UNIT IV
The World Economy – WTO, Globalisation, MNCs, Outsourcing, Foreign Capital in India, Trips, Groups of Twenty (G-20), Issues of Dumping, Export-Import Policy 2004-2009.
SYLLABUS:-
UNIT I
The Scope and Method of Economics, The Economic Problem: Scarcity & Choice, The Price Mechanism, Demand & Supply Equilibrium: The concept of Elasticity and its Applications.
The Production Process: Output decisions –Revenues, Costs and Profit Maximisation Laws of Returns & Returns to Scale; Economies and Diseconomies of Scale.
UNIT II
Market Structure: Equilibrium of a Firm and Price, Output Determination Under Perfect Competition, Monopoly, Monopolistic Competition & Oligopoly.
UNIT III
Macro Economic Concerns: Inflation, Unemployment, Trade-Cycles: Circular Flow upto Four Sector Economy, Government in the Macro Economy: Fiscal Policy, Monetary Policy, Measuring National Income and Output.
UNIT IV
The World Economy – WTO, Globalisation, MNCs, Outsourcing, Foreign Capital in India, Trips, Groups of Twenty (G-20), Issues of Dumping, Export-Import Policy 2004-2009.
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