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.