MICRO ECONOMICS

UNIT - I INTRODUCTORY

1. Definitions, Nature and Scope of Economics 2. Study Methods of Economics 3. Choice : An Economic Problem 4. Basic Postulates or Concepts 5. Role of Price-Mechanism 6. Demand and Supply : Basic Framework and Market Equilibrium 7. Concept and Type of Equilibrium 8. Micro and Macro Analysis 9. Static and Dynamic Analysis.

UNIT - II CONSUMPTION

1. Utility Analysis (Cardinal Utility Analysis) 2. Indifference Curve Analysis 3. Price Elasticity of Demand 4. Consumer's Surplus 5. Revealed Preference Theory.

UNIT - III THEORY OF PRODUCTION AND COST

1. Production Function and Law of Variable Proportion 2. ISO-Product or Equi-Product Curve : Marginal Rate of Technical Substitution, Production Decision and Expansion Path 3. Returns to Scale 4. Economies of Scale and Elasticity of Substitution 5. Theory of Cost 6. Equilibrium of Firm.

UNIT - IV MARKET STRUCTURE

1. Market and Market Structure 2. Price Determination under Perfect Competition 3. Monopoly : Price Determination, Measurement of Monopoly Power, Monopoly Control and Taxation and Monopoly Regulation 4. Price Discrimination under Monopoly 5. Monopolistic Competition-Price Determination 6. Oligopoly and Duopoly : Price Determination 7. Notion of Controlled and Administered Prices.

UNIT - V FACTOR PRICING

1. Marginal Productivity Theory of Distribution 2. Adding up Theorem (or Euler's Theory) 3. Theories of Wage Determination and Relationship with Collective Bargaining 4. Rent 5. Interest 6. Profit.

UNIT - VI WELFARE ECONOMICS

1. Welfare Economics and Problems in Measuring Welfare 2. Classical Welfare Economics, Pigou's and Pareto's Theory 3. Compensation Principles and Social Functions.

INDIAN ECONOMY

1. Indian Economy in the Pre-British Period-Structure and Organization of Villages, Towns, Industries and Handicraft 2. Market Economy during British Period 3. Discriminating Protection Policy and Industrial Development during British Period 4. Monetary and Currency Development, Commercial and Central Banking Development and Taxation System during British Period 5. Forms of Colonialism and Economic Drain 6. Indian Economy on the Eve of Independence 7. Planning Exercise and Planning Commission in India 8. Structure and Basic Features of Indian Economy 9. Natural Resources of India-Land, Water and Forest 10. Demographic Features of India 11. Population Policy in India 12. Economic Infra-structure-Energy, Transport and Communication 13. Social Infra-structure : Education, Health and Housing 14. National Income in India 15. Economic Planning in India 16. Tenth and Eleventh Five Year Plans 17. Economic Reforms in India-Liberalisation, Privatisation and Globalisation 18. Indian Agriculture : Nature, Importance, Trends in Agricultural Production and Productivity 19. Irrigation 20. Land Tenure and Reforms 21. New Agricultural Strategies : Green Revolution and Agriculture Mechanisation 22. Agricultural (Rural) Credit 23. Agricultural Marketing 24. Food Problem, Food Security and Public Distribution System 25. Industrial Development during Planning Period 26. Industrial Policy in India 27. Industrial Licensing Policy-M. R. T. P. 28. Regulation of Foreign Investment-FERA and FEMA 29. Cottage and Small Scale Industries in India 30. Public Sector (Enterprises) in India 31. Industrial Finance 32. Foreign Trade and Export Promotion in India 33. Balance of Payment and Import Substitution in India 34. Export-Import Policy of India 35. Foreign Capital, Foreign Investment and Multinational Corporations 36. Poverty in India 37. Problem of Unemployment in India 38. Problem of Rising Prices (Inflation) 39. Inequalities in Income Distribution in India 40. Industrial Relations and Disputes 41. Industries of Large Scale-Iron and Steel, Cotton Textile, Jute, Sugar and Cement Industries.