Eco Sem 1

1st Semester Syllabus for Core Courses in Economics.St. Xavier’s College –Autonomous, Mumbai.
St. Xavier’s College – Autonomous

Mumbai
Syllabus
For 1st Semester
Core Courses in
Economics
(June 2021 onwards)
Contents:
Theory Syllabus for Courses:
SECO0101 Microeconomics – I
SECO0102 Macroeconomics – I
Page 1 of 5
FYBSc COURSE: SECO0101
TITLE: MICROECONOMICS – I
Learning Objectives:
1. Gain knowledge of microeconomics and its scope.
2. Understand demand analysis and its implication to consumer behavior.
3. Understand theoretical aspects of production
4. To understand cost and revenue structures
Number of Lectures: 60
UNIT I: Introduction to Microeconomics [8 lectures]
1. Meaning & scope of microeconomics.

2. Law of demand, individual demand & market demand for a commodity
3. Individual supply & market supply for a commodity
4. Equilibrium price & quantity, types of equilibrium & shifts in equilibrium
UNIT II: Consumer Behaviour [18 lectures]
1. Indifference Curve Analysis: Consumer’s equilibrium, Income, Price and

Substitution Effects.
2. Revealed Preference
3. Elasticity of Demand: Price, Income, Cross and Promotional
4. Consumer’s Surplus
UNIT III: Theoretical Aspects of Production [18 lectures]

1. Law of Variable Proportions
2. Isoquants, Iso-cost lines and producer’s equilibrium
3. Returns to Scale: Economies and Diseconomies of Scale
4. Cobb-Douglas Production Function
UNIT IV: Revenue and Cost Analysis [16 lectures]
1. Cost Analysis: Concepts of Marginal Cost, Average cost, mathematical

treatment
2. Revenue Analysis: Concept of Marginal and Average Revenue,
mathematical treatment.
First C.I.A.: MCQ-Test

Second C.I.A.: Presentations
Basic Reference Book

Mukherjee S (2018), Analytical Microeconomics, NCBA, Fourth Edition
Page 2 of 5
Additional References:
1. Ahuja, H. L. (2012), Advanced Economic Theory, S. Chand & Company, New Delhi.
2. Koutsoyiannis, A. (1980) Modern Microeconomics, Macmillan Press Ltd, London.
3. Lipsey and Chrystal (2004), Economics, Oxford University Press.
4. Varian H.(2010), Intermediate Microeconomics : A Modern Approach
5. Chiang A.(2017), Fundamental Methods of Mathematical Economics
Page 3 of 5
FYBSc Course: SECO0102
TITLE: MACROECONOMICS – I
Learning Objectives:
1. Gain knowledge of macroeconomics and its scope.
2. Understand classical theory approaches to macroeconomics.
3. Understand Keynesian theory approaches to macroeconomics.
4. Analyse the demand and supply theories of money.
Number of Lectures: 60
UNIT I: Introduction [20 Lectures]
1. Distinction between Micro and Macro Economics

2. Concepts of national income aggregates (GNP, NNP, GDP, NDP, PCI, PDI and PI,
GVA), Unified CPI methodology
3. Methods of measurement of national income,
4. Price Indices – Laspeyres & Paasche index
UNIT II: Determination of Employment [20 Lectures]
1. Say’s Law
2. Keynesian Aggregate Demand, Aggregate Supply and Effective Demand
3. Consumption Function
4. Investment Function and Investment Multiplier
UNIT III: Demand for Money and Supply of Money [20 Lectures]
1. Meaning and functions of money

2. Supply of money (Constituents, Determination of Reserve Money, Money
Multiplier, Velocity of circulation of money, Measures of money supply in
India)
3. Demand for money (Classical and Keynesian Approaches)
4. Value of money (Quantity Theory of Money, Cash Transaction and Cash Balances
version, Friedman’s Quantity theory of money and Tobin’s Theory of money)
First C.I.A.: MCQ-Test

Second C.I.A.: Presentations
Basic Reference Book :

1. D’Souza Errol, (2012), Macroeconomics, Dorling Kindersley India Pvt Ltd.- Pearson
Education, Second Edition
2. Mankiw, Gregory (2007),Principles of Macro Economics, Cengage Learning India
Private Ltd, New Delhi, Fourth Edition
Page 4 of 5
3. S. B Gupta (2010),Monetary Economics: Institutions, Theory & Policy Paperback, S.

Chand
4. L.M Bhole (2017), Financial Institutions and Markets, McGraw Hill, Sixth Edition
5. Frederic S.Mishkin(2016), Macroeconomics: Policy & Practices, Pearson Education,
Second Editions
Page 5 of 5

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1st Semester Syllabus for Core Courses in Economics.St. Xavier’s College –Autonomous, Mumbai.

St. Xavier’s College – Autonomous

FYBSc COURSE: SECO0101

UNIT I: Introduction to Microeconomics [8 lectures]

1. Meaning & scope of microeconomics.

UNIT II: Consumer Behaviour [18 lectures]

1. Indifference Curve Analysis: Consumer’s equilibrium, Income, Price and

UNIT III: Theoretical Aspects of Production [18 lectures]

UNIT IV: Revenue and Cost Analysis [16 lectures]

1. Cost Analysis: Concepts of Marginal Cost, Average cost, mathematical

First C.I.A.: MCQ-Test

Basic Reference Book

FYBSc Course: SECO0102

UNIT I: Introduction [20 Lectures]

1. Distinction between Micro and Macro Economics

UNIT II: Determination of Employment [20 Lectures]

1. Meaning and functions of money

First C.I.A.: MCQ-Test

Basic Reference Book :

3. S. B Gupta (2010),Monetary Economics: Institutions, Theory & Policy Paperback, S.

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