Saturday, 18 February 2017

SYLLABI 2016-17

Syllabus for B.A. 2016-17
Courses in Economics
SEMESTER
PAPER TITLE
Subject
Code
CORE  COURSE
Skill Enhancement
Course (SEC)
Discipline Specific Elective (DSE)
CREDITS
I
Microeconomics–I
ECO 111
CORE


4
II
Microeconomics–II
ECO 122
CORE


4
III
Macro Economic I
ECO 233
CORE


4
IV
Macro Economic II
ECO 244
CORE


4
V
Rural Development
ECO 355
CORE


4
V
Public Finance
ECO 356PF


DSE
4
V
Fundamental computers to Economic Statistics
ECO 356ES

SEC
DSE
4
VI
Environmental Economics
ECO 367
CORE


4
VI
International Trade
ECO 368PF


DSE
4
VI
Computer Applications in Economics
ECO 368ES

SEC
DSE
4
B COM
I
BUSINESS ECONOMICS I
ECO 101
CORE


4

II
BUSINESS ECONOMICS II
ECO 102
CORE


4







Project Work
















I BA PROGRAMME – ECONOMICS (CBCS PATTERN)
FIRST YEAR – FIRST SEMESTER-PAPER 1
TITLE: MICRO  ECONOMICS -1               
(CONSUMPTION AND PRODUCTION)
                                                                                                                   Course Code: ECO 111
                                         Credits: 4
Teaching Periods Per Week 6                                                                            Max. Marks: 100

Objectives:
Micro Economic Theory forms the basic theoretical foundation of the core subject. The concepts, theories and diagrammatical representations are the most important theoretical tools that aid the student to understand grasp the subject.

Unit -1: Introduction                                                                                     Periods:20
  Nature,  Definition  and  Scope  of  economics  –  Micro  and  Macro,  Static  and  Dynamic,
Normative and Positive – Inductive and Deductive approaches – Partial General   Equilibrium –
Choice as an Economic Problem

Unit -2: Consumer Behavior                                                                        Periods:20
 Utility analysis – Cardinal and Ordinal approaches – Law of Diminishing marginal utility,
 Indifference  curves  –  Properties  of  Indifference  curves  – Price (Budget)  line –  Equilibrium  of  the  consumer  with  the  help  of  Indifference  curves.  Demand analysis  –  Law  of  Demand  –  Elasticity  of  Demand  –  Price,  Income,  and  Cross  elasticity –Demand  forecasting  –  Meaning  and  factors  influencing  demand  forecasting    -Consumer’s Surplus.

Unit -3: Theory of Production                                                                      Periods:20
  Theories of production – Objectives of a firm -  Factors of Production – Concept of Cobb-
Douglas production function – Law of Variable Proportions, Law of Returns to Scale – Isoquant
approach.

Unit -4: Costs and Revenue analysis                                                           Periods:20
Different Concepts of Revenue and costs - Equilibrium of the Firm – Break-Even analysis 

Unit -5: Supply                                                                                              Periods:1 0
Theory of Supply - Determinants - Supply function 

Suggested Books:
1.  R.G. lipsey and K.A.Chrysal – “ ECONOMICS” Oxford University press, 10/e 2004
2.  P.A. Samuelson & W.D Nordhaus – “ ECONOMICS” Tata mc.Graw Hill, 18/e, 2005
3.  N.Gregory Mankiw – “Principles of Economics”, Thompson, 4/e 2007
4.  H.L. Ahuja – “Advanced Economic Theory”, S Chand, 2004
5.  M.L.Sethy – “ Micro Economics”, Laxmi Narayana Agarwal, 2007
6.  D.M.  Mithani  &  G.K  Murthy  –  “Fundamentals  of  Business  Economics”,  Himalaya
Publishing, 2007
7.  Telugu Academy Publications
8.  AUSSDE – Study material
9.  Bilas, A.-“Micro economic Theory”, International Student edition, Mc. Graw Hill, 1971




BA PROGRAMME – ECONOMICS (CBCS PATTERN)
FIRST YEAR – II SEMESTER - PAPER 2
MICRO ECONOMICS II
                                                  (VALUE AND DISTRIBUTION)
            Course Code: ECO 122
                        Credits: 4
Teaching Periods Per Week 6                                                                            Max. Marks: 100

Objective
It is designed to introduce undergraduate students to the fundamental concepts of the markets and it strictures. The objective of the course is to apply principles of microeconomic analysis to the day-to-day decision-making of firms and market .

Unit -1: Market Structure                                                                                           20 periods
  Classification  of  Markets  –  Features  of  Perfect  competitive  market  and  Imperfect
competitive market. Price  determination  under  perfect  competition  –  Equilibrium  of  a  Firm  and  Industry under   perfect   competition   Time   element   in   Price   determination.  

Unit -2: Product  Pricing                                                                                             20 periods

  Monopoly   –   Price determination  under  monopoly  –  Price  Discrimination  –  Monopolistic  competition  –  Price Determination- Oligopoly Kinky demand curve.

Unit -3: Theory of Distribution                                                                                   10 periods

  Personal  distribution  and  Functional  distribution  –  Micro  distribution  and  Macro
distribution – Marginal Productivity theory of distribution

Unit -4: Factor Pricing-I                                                                                             20 periods

 Theories of Wage determination – Wages and Collective Bargaining – Minimum Wage –
Rent – Scarcity Rent, Differential Rent, Quasi Rent 

Unit -5: Factor Pricing-II                                                                                            20 periods

Interest – Classical, Neo-Classical and Keynesian theories – Profit – Dynamic, Innovations, Risk
and Uncertainty theories 

Suggested Books:
1.  R.G. lipsey and K.A.Chrysal – “ ECONOMICS” Oxford University press, 10/e 2004
2.  P.A. Samuelson & W.D Nordhaus – “ ECONOMICS” Tata mc.Graw Hill, 18/e, 2005
3.  N.Gregory Mankiw – “Principles of Economics”, Thompson, 4/e 2007
4.  H.L. Ahuja – “Advanced Economic Theory”, S Chand, 2004
5.  M.L.Sethy – “ Micro Economics”, Laxmi Narayana Agarwal, 2007
6.  D.M.  Mithani  &  G.K  Murthy  –  “Fundamentals  of  Business  Economics”,  Himalaya
Publishing, 2007
7.  Telugu Academy Publications




II BA PROGRAMME – ECONOMICS (CBCS PATTERN)
SECOND YEAR – THIRD SEMESTER-PAPER 3
TITLE: MACRO  ECONOMICS -1               
Course Code: ECO 233
                        Credits: 4
Teaching Periods Per Week 6                                                                            Max. Marks: 100

Objectives
Macroeconomics establishes the functional relationship and essentials for the proper comprehension of the different issues and policies at aggregate level. Macroeconomics is more scientific and blends itself with empirical economic knowledge. This equips the students to understand systemic facts and latest theoretical developments for analysis.    
                                                                                 
Unit – 1
 Introduction and National Income Accounting                     20 periods
Meaning, definition and importance of Macro Economics ,  Micro Economics versus Macro Economics. National Income - Definitions, GNP,NNP, GDP and NDP, Personal Income, Disposable Income, Per capita Income - Measurement of National Income, limitations of the GDP concept.

Unit – 2
Theory of Income and Employment                                        20 periods
Classical theory of Employment - Say's Law of Markets; Keynesian Theory of       Employment - Consumption function - Investment Function , MEC, Concepts of             multiplier and accelerator.

Unit – 3
Money                                                                                     20 periods
Meaning and Functions of Money - Types of money - Gresham's Law – RBI classification of Money; Demand for money-Classical and KeynesianView

Unit – 4
Theories of  Money                                                                 20 periods
Theories of Money - Fisher's Quantity theory of Money ;Cash Balance approach –Marshall’s Equation, Pigou’s Equation, Robertson’s Equation & Keynes Equation.

Unit - 5
Banking                                                                                  10 periods
Functions of Commercial Banks - Money Supply and concept of Credit Creation-Functions of RBI, Monetary policy.

REFERENCES:1.    G.Ackley - "Macro Economics Theory and Policy", Collier Macmillan, 1978.
2.         E.Shapiro - "Macro Economic Analysis", Galgotia Publications, 1999.
3.         R.Dornbush, s.Fisher and R.Startz - "Macro Economics", Tata Mc.Graw Hill, 9/e,
4.         M.L.Seth-"Macro Economics", Lakshmi Narayana Agarwal, 2015.




II BA PROGRAMME – ECONOMICS (CBCS PATTERN)
SECOND YEAR – IV SEMESTER-PAPER 4
MACRO ECONOMICS II
Course Code: ECO 244
                        Credits: 4
Teaching Periods Per Week 6                                                                            Max. Marks: 100
Objectives
This  is  a  sequel  to  Principles  of  Macroeconomics–I.  It  analyses  various  theories  of determination of National Income in greater detail. It also introduces students to concept  of inflation,  its  relationship  with  unemployment  and  some  basic  concepts  in  an  open economy.
Unit - 1

Elementary IS  LM Model (Two Sector only)                          10 periods
Definition & Derivation of IS and LM curves – General Equilibrium using IS & LM curves.
            -
Unit - 2
Inflation and unemployment                                                  20 periods
Inflation - definition - types of Inflation ,Demand pull and Cost push Inflation, Inflationary Gap, determinants of  Inflation;  causes and  effects of Inflation,  measures to control Inflation, relationship between Inflation and unemployment: Phillips Curve .

Unit - 3
Trade Cycles                                                                            20 periods
Trade Cycles - meaning and definition - Phases of Trade Cycle, causes and consequences of trade cycles, Monetary and Non Monetary Theory.

 Unit - 4
Balance of Payments and Exchange Rate                              20 periods
 Balance of payments: current account and capital account; disequilibrium in Balance of Payments ; Reasons and Mechanism to rectify the disequilibrium in BOP, market for foreign exchange; determination of exchange rate.

Unit - 5
Economic Growth                                                                             20 periods
Concept of Economic Growth – Stages of Economic growth, Determinants of Economic Growth, Distinction between economic growth and           development - Measurement of economic development.
            REFERENCES:
1.         G.Ackley - "Macro Economics Theory and Policy", Collier Macmillan, 1978.
2.         E.Shapiro - "Macro Economic Analysis", Galgotia Publications, 1999.
3.         Central Statistical Organisations - "National Accounts Statistics".
4.         R.Dornbush, s.Fisher and R.Startz - "Macro Economics", Tata Mc.Graw Hill, 9/e, 2004.
5.         M.L.Seth-"Macro Economics", Lakshmi Narayana Agarwal, 2015.
6.         K.P.M. Sundaram - "Money, banking & International Trade", Sultan Chand, 2010.
7.         Dillard, D - "The Economics of John Maynard Keynes", Crossby Lockwood & Sons.



III B.A ECONOMICS  - V SEMESTER - PAPER V
RURAL DEVELOPMENT
                                                        (CORE SUBJECT)
Course Code: ECO 355
                        Credits: 4
Teaching Periods Per Week 6                                                                       Max. Marks: 100

Objectives
To make the students to understand some basic concepts and theoretical approaches related towards Rural Social Structure. To expose the students to the critical / analysis and evaluation of those programmes aiming to bring desired change in Indian Society and to make the students aware of changed prospective of Rural Society in India.

Unit: 1
SCOPE OF RURAL DEVELOPMENT                             (Number of  Periods:10)
The concept of Rural Development – Approaches to   Rural Development.
                                                                                           
Unit : 2
RURAL DEMOGRAPY                                                        (Number of  periods:15)
Population Policy-Approaches to Control Rural Population – Family Welfare Programmes – Problems of   Nutrition  and  Medical Care.                                                                                                                                               
Unit:  3                                                                                                                                
RURAL POVERTY                                                               (Number o  Periods:20)
Causes of Poverty- Measurement of Rural Poverty- Poverty Line- Anti Poverty Programmes –Conditions of Rural Artisans- Rural Indebtedness, Rural Farm and Non Farm employment, Employment generation programmes, Farm employment.       

Unit: 4                                                                                                           
RURAL DEVELOPMENT INSTITUTIONS                     (Number Of  Periods :25)
Panchayat Raj- DRDA -ITDA - NABARD-DIC - Their objectives and Functions, Local Government Finance - Micro Finance.                                                                                                                                                                 
                                                                                                                                
Unit : 5
RURAL SOCIAL SECTOR .                                                             (Number Of  Periods: 20)                                                                                 
Problems of  Health, A  Critical Review  of  Arogyasri, Insurance,  Rural  Education  and  Adult  Literacy, It’s  Implementation  and  NRHM


Reference Books

1. Rural Development In India                       :I.Satya Sundaram, Himalaya Publishers.
2. Rural Development & Banks                      :Goyal K.G,Kalyani Publishing House.
3. Rural Development In India                       :Lingaiah, S.Cchnd  Co Ltd.
4. Agriculture & Rural Development  :Dr.K .Venkata  Reddy, Kalyani Publishing House.
5. Poverty In India                                          :Dandekar & Rath,Chand&Chand Co Ltd.



III B.A ECONOMICS V SEMESTER -PAPER VI
PUBLIC FINANCE
(ELECTIVE)
Course Code: ECO 356 PF
                        Credits: 4
Teaching Periods Per Week 4                                                                            Max. Marks: 100

Objectives
Role and functions of the Government in an economy have been changing with the passage of time. The term ‘Public Finance’ has traditionally been applied to the package of those policies and operations which involve the use of tax and expenditure measures while budgetary policy is an important part to understand the basic problems of use of resources, distribution of income, etc. This paper combines a through understanding of fiscal institutions with a careful analysis of the issues, which underline budgetary policies in general, and Indian experience in particular.

Unit:1
PUBLIC FINANCE                                                              (Number  of  Periods :10)
Meaning and Scope of Public Finance –Public  Finance  and  Private  Finance- Sources  of  Public Revenue, Maximum Social Advantage.                  

Unit  :2                                                                                                                                              
TAXATION                                                                            (Number of  Periods :15)                                                   
Taxation-Meaning-Direct  and  Indirect Taxes –Their  Merits  and  Demerits-Canons  of  Taxation-Incidence  of  Taxation-Effects  of  Taxation- Characteristics  of  a Good  Tax  System, Tarrif, Quotas and Custom Unions.                         

Unit: 3                                                                                   
PUBLIC EXPENDITURE                                                   (Number of  Periods:10)
Meaning and  Classification  of  Public Expenditure: Canons and Effects of Public Expenditure , Causes for the  raise of Public Expenditure.                                                                                                                                                                   
Unit: 4            
PUBLIC  DEBT                                                                    (Number of Periods:15)
Public  Debt-Sources of  Public  Debt –Effects  of  Public  Debt-Methods  of  Debt  Redemption-Growth  of India’s Public Debt-Concept of Budget Deficit.    

Unit:5                                                                 
CENTER STATE FINANCIAL RELATIONS                  (Number of  Periods :10)
Nature of Center State Financial Relations, Finance Commissions and their Functions, Latest Finance Commission.                                                          


Reference Books      
1.      Fundamentals Of Public Finance                          :Mithani,Kalyani Publishers.
2.      Public Finance                                                       :Lekhi.R.K,Kalyani Publishers.
3.      Public Finance                                                       :Bhatia,Jain Publishers.
4.      Public Finance Theory And Finance                     :Mankar,S.C.Co Ltd.
5.      Public Finance                                                       :J.Kmehta Chand&Chand Co.           
6.   International Economics                                       :M.L.Jhingan,Himalaya Publishers.




III B.A ECONOMICS V SEMESTER -PAPER VI
COMPUTER FUNDAMENTALS AND ECONOMIC STATISTICS
(ELECTIVE)
Course Code: ECO 356 ES
                        Credits: 4
Teaching Periods Per Week 6                                                                                    Max. Marks: 100
                                                                                                                                                                                                                                                                                                                             
Objective
The growth and spread of computer and its invasive presence in every sphere of intelligent human activity is forcing every educational system and discipline to adopt and integrate its fundamentals into course curricula. It is to produce computer literate and well-educated graduates who can get not only employment but also create work and produce value added output in the society, for which present syllabus in being designed. We believe this will make our new graduates more proficient, suitable and fit to face the future challenges in society.

Unit:1                                                            
BASICS OF COMPUTERS                                                 (Number  of  Periods  :20)
Computer Fundamentals; Organization and Components of a Computer; Computer Hardware —CPU; Memory; Disk Drives; Input and Output Devices; Keyboard; Mouse ; Computer Peripherals Like Printer, Scanner,  Etc.; Computer Software — Operating System, Application Software and Packages.                     
 Unit:2                                                                                    (Number  of  Periods  :10)
SCOPE OF STATISTICS AND COLLECTION OF DATA
Meaning of Statistics – Sources of Data- Primary and Secondary Methods of Collection of Statistical Data.                                                                                   
 Unit:3                                                                        (Number  of  Periods:20)                                                   
DATA ANALYSIS & DIAGRAMMATIC REPRESENTATION
Classification and Tabulation of Statistical Data – Frequency Tables. Bar Diagrams, Pie Diagrams, Histogram , Frequency Polygon, Frequency Curves .    

Unit:4                                                                
USE OF COMPUTER FOR OFFICE AUTOMATION          (Number  of  Periods  :20) Ms-Word; Concept and Use of Spread Sheet; Operation and Use of MS-Excel; Basics of Database; Table; Records and Fields; Data Entry;  Document Formation and Presentation through MS-Power Point.         
 Unit:5                                                                 
MEASURESOF CENTRAL TENDENCY & DATAANALYSIS(Number  of  Periods :20)         
Basics of Statistical Functions and Analysis -Arithmetic Mean , Median , Mode  and Computer Application..                                                       
Reference
 Kerns (1993),             :Essentials Of Microsoft Windows, Word And Excell, Prentice Hall                                                              of India,New,Delhi.                                                                                                     Rajaraman, V. (1996): Fundamentals Of Computers, Prentice Hall (Ind.) New Delhi.   
   S.P Gupta,                   :Statistical Methods




III B.A ECONOMICS - VI SEMESTER -PAPER VII
ENVIRONMENTAL ECONOMICS
                                                             (CORE PAPER)
Course Code: ECO 367
                        Credits: 4
Teaching Periods Per Week 6                                                                   Max. Marks: 100
Objectives
This paper would enable the students to know about importance of environment and economy. Issues relating to environmental problems, policies and protection and pollution control also find a special place in the syllabus.

Unit 1
ENVIRONMENTAL ECONOMICS-MEANING, DEFINITION AND IMPORTANCE                                                                                                                 (Number  of  Periods  :15)
Introduction, Meaning of  Environmental Economics, Economy and the Environment- Interlinkages, Renewable Energy Resources.              

Unit 2
MARKET FAILURE AND PUBLIC POLICY                         (Number  of  Periods  :20)               
Introduction – Externality, Public Goods. Economics of Sustainable Development- Hartwick-Solow Approach To Sustainability, The Ecological Economic Approach to Sustainability, The Safe Minimum Standard(SMS) Approach to  Sustainability, Indicators to Sustainable Development, Environmental Impact Assessment(EIA)- Meaning, Definition and Objectives.

Unit 3
ECONOMIC INCENTIVES FOR ENVIRONMENTAL PROTECTION AND MANAGEMENT                                                                      (Number  of  Periods  :15)
Introduction, Property Rights, Coase Theorem, Pigovian Fee, Economic Solutions to         Environmental Problems, Environmental Subsidies, Pollution Permit Trading System.          
               
Unit 4
GLOBAL ENVIRONMENTAL CHANGES                            (Number  of  Periods  :25)
Population and Environmental Changes, Population Growth and Urbanization, Poverty and Environmental Changes, Environmental Planning and Management, Origin of Environmental Planning.

Unit 5
MAJOR ENVIRONMENTAL LAWS IN INDIA                      (Number  of  Periods  :15)              
The Environment  Protection Act 1986, Standards of Emissions, Drawbacks in The Act, Air Pollution Act 1981, Water Pollution Act 1974, Restrictions on New Outlets and New Discharges, Municipal Solid Waste Rule 2000.

References:
1.      Barry C Field              Environmental Economics(Mc Graw Hills)
2.      Karpagam N                Environmental Economics- A Text Book(Sterling Pub)
3.      Sankaran S                  Environmental Economics(Margham Pub- Chennai)
4.      Sahasranaman             Law Of Environment Protection(Classic Pub)



III B.A ECONOMICS -VI SEMESTER -PAPER VIII
                       INTERNATIONAL TRADE
                                    (ELECTIVE)
Course Code: ECO 368 IT
                        Credits: 4
Teaching Periods Per Week 4                                                                            Max. Marks: 100

Objectives
 This paper provides a deep understanding about the broad Principles and theories in preparing the students in international economics. It is spread over in different units stressing on the theory and nature of the subject which will help them to know the trade policies at the national and international levels and the impact of the globalization on income, employment and social standards in the current international scenario.

Unit: 1
THEORIES OF INTERNATIONAL TRADE                 (Number Of  Periods :10)
Inter-Regional and International Trade – Absolute Advantage, Comparative Advantage and Hecksher-Ohlin Theories.                                                                                                                                                     

Unit: 2
THEORIES OF  INTERVENTIONS                                            (Number Of Periods:10)                                  
Tariffs – Meaning- Classification Of  Tariffs And Concepts Of Optimum Tariff, Quota , Non Tariff Barriers.                                                     
                                                                                    
 Unit: 3
 BALANCE  OF  PAYMENTS                                                   (Number  Of  Periods: 15)
Difference between balance of Trade and Balance of Payments, Foreign exchange Rate, Fixed and Flexible Exchange Rates, Mechanism to rectify Balance of Payment Crisis, Concepts  Of  Balance  Of  Payments  And  Balance  Of  Trade-Disequilibrium   In  Balance  Of Payments, Causes  And  Corrective  Measure.                                                                                                                                                                                                                                                                                                                                 
                                                                         
Unit: 4
INDIAS FOREIGN TRADE                                                                    (Number Of Periods:15)
Composition and Direction  of  Foreign Trade – Export  Promotion Policy- Highlights of EXIM Policy, Foreign Capital, Foreign Aid, Foreign Direct  Investment(FDI).          
                                                                                                                
Unit: 5
  INTERNATIONAL FINANCIAL INSTITUTIONS             (Number Of  Periods:10) 
International Finance Agency, International Monetary Fund(IMF), International Bank for Reconstruction and   Development(IBRD),World  Trade Organization(WTO)  

                                                                                                                                    
Reference Books: 
1.                  International Economics         :Dwivedi, Kalyani Publishers.
2.                  International Economics         :Francis Cheruniliam, Himalayan Publishing
                                               House.
3.                  International Relations            :Malhotra ,S.Chand Co.
4.                  International Economics         :Shrivatsava, Jain Publishers.



III B.A ECONOMICS VI SEMESTER -PAPER VIII
          COMPUTER APPLICATIONS IN ECONOMICS
(ELECTIVE)

Course Code: ECO 368 ES
                        Credits: 4
Teaching Periods Per Week 6                                                                   Max. Marks: 100

Objectives
This course is intended to provide students an introduction to statistical methods and tools that are used in the study of economics at undergraduate level. The aim of this course is to develop skill in statistical techniques that are required for a meaningful study of applied economics and for carrying out empirical research.

Unit: 1
MEASURES OF DISPERSION:                                               (Number  of  Periods  :20)
Basics Of Statistical Functions And Analysis Range, Quartile Deviation, Mean Deviation, Standard Deviation.                                               
Unit: 2
CORRELATION AND REGRESSION ANALYSIS.         (Number  of  Periods 20)
Types Of Correlation, Karl Pearsons Correlation , Spearmens Rank Correlation, Analyzing Correlation Between Two Variables, Regression Analysis
Unit:3
INDEX NUMBERS                                                       (Number  of  Periods  :10)
Construction Of Index Numbers – Laspeyers, Passche, Fishers Ideal Index Numbers, Cost Of Living Index Numbers.                                            
Unit: 4
TIME SERIES :                                                                        (Number  of  Periods  :20)                                                                                                                                                                                      
Time Series–Components - Methods of Calculation of Trend by Method of Least Squares.                                                                        .                                                                                           
Unit:5
COMPUTER APPLICATIONS                                               (Number  Of  Periods  :20)
Text and Mail Communication using Computers; E-Mail; Chat; Choice Mail Transfer and Delivery; Internet; World Wide Web (Www) and use for Business and Commercial Activities.                                                                               
Reference Books
 Kerns (1993), Essentials Of Microsoft Windows, Word And Excell, Prentice Hall Of India, New,Delhi.
 Rajaraman, V. (1996), Fundamentals Of Computers, Prentice Hall (Ind.) New Delhi.
 Schied, F. (1983), Theory And Problems Of Computers And Programming, Schaum’s Outline,Series, Mcgraw Hill, New Delhi.
 Intrilligator, M.D. (1978), Econometric Models, Techniques and Applications, Prentice Hall




I Bcom PROGRAMME – ECONOMICS (CBCS PATTERN)
FIRST YEAR – I SEMESTER-PAPER 1
Business Economics-I          
Periods:6, Credits:4


Unit-I- Introduction                                                              Periods : 20
Meaning  and  definitions  of  business  Economics-Nature  and    scope  of
Business  Economics-  Micro  and  Macro    economics  differences  –  Cardinal
Utility& Ordinal Utility.

Unit-II- Demand Analysis                                                    Periods : 20
Meaning  and  definition  of  demand  -kinds of demand-Determinants  to  Demand  --  Demand
function –Law of demand- Demand Curve -Exceptions. 

Unit –III- Elasticity of Demand                                           Periods : 20
Meaning  and  definition  of  Price  Elasticity  of  demand  –  types  of  Price
Elasticity of demand  –  Measurements of  price elasticity of demand  –  total
outlay method – Point method – Arc Method, Income elasticity of demand and cross elasticity of demand.

Unit – IV- Cost and Revenue Analysis                                Periods : 10
Classification or Costs ,Type  of  Costs  – Fixed  Cost  –  Semi  Variable  Cost  –  Variable  Cost–  Cost behavior, Total average – Marginal Cost and Cost function – Long run – Short run.
. Breakeven Analysis uses and limitations.

Unit-V
Production and Costs:                                                   Periods : 20
 Techniques of Maximization of output, Minimization of costs and Maximization of profit - Scale of production - Economies and Dis-economies of Scale - Costs of  Production – Cobb-Douglas Production Function

Reference Books 
1.  Dr.S.Sankaran, Business Economics - Margham Publications, Chennai-17.
2.  Business Economics - Kalayani Publications.
3.  Business Economics – Himalaya  Publishing House.
4.  Aryasri and Murthy Business Economics , Tata Mcgraw Hill.
5.  Business Economics, Maruthi Publications




(AO ,AOC and AOP)
I Bcom PROGRAMME – ECONOMICS (CBCS PATTERN)
I Year        B.Com (CBCS)
 II Semester, Paper 2
BUSINESS ECONOMICS- II               

Unit-I:
.  
 Market  Structure-I:                                                      Periods : 20
Concept  of  Market  -  Market  structure  - Characteristics  of  Perfect competition market- price and output determination in Perfect Competition market, equilibrium of Firm and Industry in Short run and Long run under perfect competition market, features of monopoly, price and output determination in monopoly market, concept of discriminating monopoly, price and output determination in discriminating monopoly.
Unit-II: 
 Market   Structure-II:                                                   Periods : 20
 Monopolistic   Competition   -   Characteristics   -   Product differentiation - Profit maximization - Price and output in the short and long - run – Oligopoly - characteristics  -  Price  rigidity  -  Kinked  Demand  Curve  -  Distribution  -  Types of Distribution  -  Marginal Productivity - Theory of Distribution.

Unit-III
   National Income And Economic Systems:                           Periods : 10
 National Income - Definition Measurement - GDP - Meaning Fiscal deficit - Economic systems - Socialism - Mixed Economic System - Free Market economy- their characteristics – Advantages and Disadvantages.

Unit-IV
Structural Reforms:                                                       Periods : 20
Concepts of Economic liberalization, Privatization, Globalization -WTO  Objectives  Agreements  -  Functions.
 
Unit-V
Trade Cycles
-  Trade  cycles  -  Meaning  -  Phases  -  Benefits  of International Trade - Balance of Trade and Balance of payments.

Reference Books:
1. Aryasri and Murthy, Business Economics, Tata McGraw Hill
2. H.L Ahuja, Business Economics, Sultan Chand & Sons
3. KPM Sundaram, Micro Economics
4. Mankiw, Principles of Economics, Cengage Publications
5. Mithani, Fundamentals of Business Economics, Himalaya Publishing House
6. DAR Subrahmanyam &V Hari Leela, A Text Book on Business Economics, Maruthi
Publishers.
7. A.V. R. Chary, Business Economics, Kalyani Publishers, Hyderabad.



                                                                                                                     

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