Module

Topic

Covered by

I

Introduction: Nature and scope-scarcity and choice

SK

II

Demand & Supply

SK

III

Theory of Consumer Behaviour: Concept of cardinal and ordinal utility, Marshallin utility analysis, consumer’s equilibrium, derivation of law

of demand, consumer equilibrium in the more than one commodity, consumer’s and producer’s surplus.

AM

Theory of Consumer Behaviour: a. Indifference Curve Analysis

SCB

b. Revealed Preference Theory(RPT)

SCB

IV

Choice Under Uncertainty and Economic Information

AM

V

The Theory of Production

SB

VI

Theory of cost

SB

Module

Topic

Covered by

I

Basic Algebra

SK

II

Sets and Functions

AM

III

Differential & Integral Calculus

SB

IV

Matrix Algebra

AM

V

Economic applications

SCB

Module

Topic

Covered by

I

Introduction

SCB

II

Consumer Behaviour

SB

III

Theory of Demand

SK

IV

Theories of Production and Cost

SB

V

Theory of Markets

AM

Module

Topic

Covered by

I

Introduction

SK

II

Theory of Consumer Behavior

SCB

III

Production and Costs

SB

IV

Perfect Competition

AM

PAPER-III: Microeconomics & Macroeconomics (Marks-100)

A. Microeconomics (Marks: 50)

Class taken by

1. Perfect competition: A. Characteristics, B. Stability of equilibrium

SB

2. Imperfect competition: A. Monopoly, B. Monopolistic Competition, C. Oligopoly

SCB

3. A. Theory of Factor Pricing, B. Wages 

SB

3. C. Theory of rent, D. Profit  

SCB

4. Welfare economics

AM

B. Macroeconomics (Marks:50)

Class taken by

1. Theories of consumption function

AM

2. Investment function

SCB

3. Inflation 

AM

4. Growth models 

SB

5. Trade cycle theories 

SCB

PAPER-IV: Mathematical Economics & Statistics (Marks:100)

A. Mathematical Economics (Marks:50)

Class taken by

1. A. Differential equations, B. Difference equations

AM

2. Linear programming

SCB

3. Game theory

SB

4. Application: Micro models & Macro models

SB

B. Statistics (Marks:50)

Class taken by

1. Probability theory

SCB

2. Theoretical distribution

SCB

3. Sampling theory and sampling distributions 

AM

4. Estimation and testing of hypothesis 

AM

5. Simple regression analysis 

SK

6. Analysis of time series

SB

Paper I: Microeconomics (Marks: 50)

Class taken by

1. Consumer behaviour: Utility analysis, indifference curve analysis, elasticity of demand

SB

2. Producer behaviour: Production function, cost of production, revenue

Paper II: Macroeconomics (Marks: 50)

SCB

1. National income

2. Money

3. Quantity theory of money

4. Say’s law of market

5. Keynesian theory of income and employment

Paper III: Indian Economy (Marks: 50)

1. Features and causes of underdevelopment of Indian economy

AM

2. National income of India

3. Population

4. Dualism in Indian economy

5. Agriculture

Paper IV: Microeconomics (Marks: 50)

Class taken by

1. Market morphology: perfect competition, monopoly, monopolistic competition, oligopoly, duopoly

SB

2. Theory of distribution

Paper V: Macroeconomics (Marks: 50)

SCB

1. Theories of interest

2. Banking

3. Inflation

4. Taxation

5. International trade

Paper VI: Indian Economy (Marks: 50)

AM

1. Industry

2. Industrial labour

3. Indian Banking

4. Indian public finance

5. India’s foreign trade

6. Indian planning

Paper VII: Development Economics & Elementary Statistics (Marks: 100)

Development economics (Marks: 50)

Class taken by

1. Economic growth & economic development, net national income and percapita income as growth indicators, HDI, GDI, GEM, HPI

SCB

2. Development planning

3. Population and economic development

4. Capital formation in LDCs

SB

5. Foreign investment

6. Role of IMF and the World Bank in economic development of LDCs

Elementary Statistics (Marks: 50)

Class taken by

1. Meaning of statistics, variable and attribute, primary and secondary data, population, sample, census, sample survey, classification of data, tabulation

AM

2. Charts and diagrams

SB

3. Frequency distribution

SB

4. Measures of central tendency

AM

5. Measures of dispersion

AM