Unit - 1 Introduction :
Deliration - Nature & Scope of Economics, Methodology in economics - choice as an economics problems. Basic postulater.
2 Demand and Supply :
Meaning and laws of Demand & Supply - Concept of prince mechanism. Basic Concepts of Cardinal & approaches of Consumer's behavior theory. Consumer's Surplus.
3 Elasticity of Demand :
Meaning of Elasticity of Demand - Types of Elasticity of demand - importance of Elasticity of demand - factor affecter of elasticity.
4 Theory of Production & Cost :
Meaning of Production Function - Short - run production Function. Law of Diminishing Return - Different Concept of Costs. (Real Cost, opportunity - cost, and monetary cost.) and their interrelation.
5 Market Structure :
Meaning and forms of Markets - its functions & limitation, Characteristics of perfect competition monopoly and monopolistic competition.
6 Factor Pricing :
Basic Concepts of Rent, Wages, Profit & Interest. Basic concept of economic welfare.
Money, Banking & Public Economics
1 Basic Concepts :
Money - means, functions and classification : Gresham's law; Role of money in capitalist, socialist and mixed economies; Monetary standards - Metallic and paper system of note issue.
2 Inflation :
Inflation, deflation and reflation - definition types, causes and effects of inflation of different sectors of the economic. Demand-puli and cost-push inflation; Measures to control inflation; Trade off bet- ween inflation and unemployment.
3 Commercial Banking :
Meaning and types; Functions of commercial banks; The process of creditcreation - Purpose and limitations; Labilities and assets of banks; Evolution of commercial banking in India after Independence; A critical appraisal of the progress of commercial banking after nationalization; Recept reforms in banking sector in India.
4 Central Banking :
Functions of a central bank; Quantitative and qualitative methods of credit control - bank rate policy open market operations, variable reserve ratio and selective methods; Role and functions of the Reserve Bank of India; Objectives and limitations of monetary policy with special reference of India
5 Public Economics :
Meaning of Public Finance, instruments of Public Finance - Public expenditure taxation and public debt. Basic Principle of Taxation.
Unit - 1 Definition and basic Concept of
economics Variables :
Definition of Economics - Demand - Supply - difference between value and prince, Utility - private & public goods. Factors of production - Division of labor and specialization.
Unit - 2
Concept of Money :
Various definition of money - function of money - Value of money - meaning and types of inflation - effects of inflation meaning and types of Unmet laymen's.
3 Banking :
Meaning and type of Banking - Functions of commercial and central Bank - Role and functions of Rural & Co-operative banks.
4 Indian economics issues :
(a) Concept & Causes of Poverty
(b) Causes of Unemployment
(c) Causes and effects of population explosion.
5 Environmental Economics :
Concept of Environment - importunes ecological - Type pollution - effects of pollution on society.