What is the syllabus? - BA (Economics)

Semester I

Semester II

Evolution and definition of Economics

Economies of Scale

Nature & Scope of Economics

Deferent Concepts of Costs Explicit & Implicit

Methods of Economics Analysis

Accounting, Opportunity, Total fixed and Variable Costs

Inductive & Deductive Logic, Merit and Demerits.

Marginal & Average Costs & their relationship

Utility Demand, Supply

Concept of Revenue

Commodities and their types

Total, Marginal & Average Revenue

Value and Price

Break Even Point

Market

Concept and Classification

Administered and Non- Administered Prices

Perfect Competition Characteristics

Demand- Supply equilibrium.

Price and Output Determination for Firm and Industry

Cardinal (Marshal) and Ordinal Utility

Market Equilibrium

Approaches to Demand

Characteristics and Price- Output Determination

Indifference Curve: Consumer equilibrium (Hichs & Slutsky)

Price Discrimination

Price, Income and Substitution effects

Monopolistic Competition

Derivation of Demand Curve.

Characteristics Price- Output Determination

Elasticity of Demand

Factor Pricing

Price, Income and Cross elasticity

Theory of Marginal Productivity of Distribution

Consumer Surplus and its measurement.

Concept of Adding up Theorem

Factors of Production and their Characteristics

Theories of Wages and Rent: Classical and Modern.

Laws of Production

Interest: Concept, Classical and Keynesian Theories of Interest

Returns to Factor and Return to Scale

Profit: Net and Gross

Law of Variable Proportion

Theories of Profit.

Isoquants Nature and their Characteristics

Producers equilibrium

Semester III

Semester IV

Structure of Indian Economy - Primary, Secondary & Tertiary Sectors

Infrastructure of Indian Economy

Natural Resources, Land, Water, Forest

Irrigation, Power, Transport, Communication

Mineral Resources.

Banking and Insurance.

Demographic Features

Human Infrastructure of Indian Economy

Population, Size, Sex, Rural-Urban Classification

Health, Nutrition, Education, Knowledge and Skills

Population Distribution

Housing and Sanitation.

Recent National Population Policy.

Planning in India- Objectives, Types, Strategy

Agriculture: Nature and Importance

Analysis of Current Five- Year Plan.

Land Use Pattern

Economy- Land, land Utilization Pattern

Trends in Agriculture Production and Productivity

Natural Resources- Forest, Water & Mineral

Cropping Pattern.

Agro-Climatic Zones

Land Reforms: Green Revolution

Demographic Features of M.P.

Rural Credit

Agricultural Situation in Economy

Agricultural Marketing

Cropping Pattern

Mechanization

Production and Productivity of Main Corps,

Small Scale and Cottage Industries- Meaning, Importance and Problems

Sources of Credit in Agriculture, Irrigation

Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles

Semester V

Semester VI

Macro Variables- Stock and Flow

Public Finance and Public Economics

Circular Flow of income

Public, Private and Merits Goods

Concept of National Income- GDP, GNP

Market and State- Role and Functions

Measurement of National Income and Social Accounting in India

Principle of Maximum Social Advantage

National Income and Economic Welfare

Sources of Revenue- Taxes, Loans, Grants and Aids

Classical Theory of Employment

Canons of Taxation

Keynesian Theory of Employment

Principles of Public Expenditure

Aggregate Demand and Supply Functions

Principles of Public Debt and Methods of Redaction

Effective Demand

Wagener’s Law- Increasing Activities

Consumption Function

Effects of Public Expenditure on Production and Distribution.

Factors Affecting Consumption

Public Finance in India

Average and Marginal propensities to consume

Concept and Types of Budget

Simple Investment

Fiscal Deficit

Saving Function & Sources of Saving Mobilization

Deficit Financing and Deficit Budget.

Investment Function

Constitution and Function of Finance Commission

Marginal Efficiency of Capital

Recommendation of Latest Finance Commission

Factors Affecting Capital Formation

Latest Budget

Concept of Accelerator.

The stock of Money and its Measures

Cash Transaction and Cash Balance Approaches.

Inflation, Deflation, and Recession

Demand-Pull and Cost-Push Inflation

Bank- Meaning and Types

Objectives and Limitations of Monetary Policy.