Semester I
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Semester II
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Evolution and definition of Economics
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Economies of Scale |
Nature & Scope of Economics |
Different 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 |
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Producers equilibrium |
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Semester III
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Semester IV
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Structure of Indian Economy - Primary, Secondary & Tertiary Sectors
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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 |
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Semester V
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Semester VI
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Macro Variables- Stock and Flow
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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 |
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Cash Transaction and Cash Balance Approaches.
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Inflation, Deflation, and Recession |
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Demand-Pull and Cost-Push Inflation |
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Bank- Meaning and Types |
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Objectives and Limitations of Monetary Policy. |