UNIT – I  MICRO ECONOMICS

1. Definitions, Scope, Subject-Matter and Nature of Economics 2. Micro and Macro Economics 3. Static and Dynamic Analysis 4. Methods of Economic Study (Deductive and Inductive Methods) 5. Central Economic Problems 6. Cardinal Utility Analysis : Marginal Utility, Total Utility, Law of Diminishing Marginal Utility and Law of Equimarginal Utility (Consumer’s Equilibrium) 7. Ordinal Utility Analysis : Indifference Curve Analysis (Consumer’s Equilibrium, Income Effect, Income Consumption Curve, Price Effect, Price Consumption Curve, Substitution Effect and Normal Giffin Goods and Inferior Goods) 8. Consumer’s Surplus 9. Theory of Demand (Law of Demand, Changes in Demand, Derivation of Demand Curve and Engel’s Curve) 10. Elasticity of Demand (Price Elasticity of Demand, Cross Elasticity of Demand and Income Elasticity of Demand) 11. Production Function, Cobb-Douglas Production Function and Law of Variable Proportion 12. Returns to Scale 13. Economies of Scale 14. ISO-Product Curve : Meaning, Characteristics, ISO-Cost Line, Production Decision and Expansion Path 15 . Concepts of Cost, 16. Concept of Revenue 17. Break-Even Analysis,

UNIT – II  MONEY AND BANKING

1. Money : Meaning, Definition and Functions 2. Role of Money : Capitalistic, Socialistic and Mixed Economies 3. Demand of Money 4. Quantity Theory of Money (Cash Transaction Approach and Cash Balance Approach) 5. Keynesian Theory of Money and Prices 6. Interest Rates 7. Inflation, Inflationary Gaps and Methods of Control Inflation 8. The Philips Curve 9. Keynesian Theory of Investment Multiplier 10. Central Bank : Objectives, Functions, Credit Control (Quantitative and Qualitative) and Limitations 11. Supply of Money 12. Money Market 13. Commercial Banking : Meaning, Types and Functions 14. Commercial Banking in India 15. Principles of Commercial Banks 16. Balance-Sheet of Bank 17. Creation of Credit by Banks 18. Recent Reforms in Banking Sector in India 19. Indian Banking System 20. Financial Market : Money and Capital Market 21. Kinds of Market 22. Bond Market and Foreign Exchange Market 23. Financial Derivatives : Futures and Options.