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    Eco Syllab

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    khareshweta1428

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    Eco Syllab

    Uploaded by

    khareshweta1428
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    © All Rights Reserved
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    14 views4 pages

    Eco Syllab

    Uploaded by

    khareshweta1428

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    UG/PG (Revised Curriculum under NEP w.e.f.

    June 2023)
    PROGRA BA BA(Hon) B.Com B.Com(Hon) M.Com MA - Eng MA- Eco MA- Psy
    M
    Tick

    SEMESTE
    1 2 3 4 5 6 7 8
    R
    Tick

    SPECIALIZATIONS
    BA Eco Eng Psy Gen

    Tick

    BCO Costin Bankin Entre MKT Fin & Mgt HRM Bus Ge
    M g g p Acc Acc Analytic n
    s
    Tick

    Name of Board of Studies Economics


    Name of the Department Economics
    Name of Head of Department Dr. Sheena Mathews
    Title of the Course Micro Economics
    Course Code
    Type of Course (New / Revised) New
    Nature of Course Minor
    (Maj/Min/AEC/SEC/VEC/VSC)
    Number of Credits 3
    Name of the Faculty Nalini Sapkal
    Date of Approval by BOS 3rd June 2023
    Date of Implementation July 2023

    1
    Course Outcomes
    1. Understanding consumer behavior.
    2. Evaluate the revenue and cost concepts and examine its applications.
    3. Develop knowledge about pricing policies practised by different firms and industries.
    4. Ability to appreciate the theories in real market.
    5. Prepare them with entrepreneurial skill.

    DETAILS OF SYLLABUS
    UNIT DETAILS NUMBER OF
    NUMBER LECTURES

    1 Consumer Behaviour 8

    1.1 Cardinal Approach: Law of Diminishing Marginal Utility


    1.2 Law of Equi-marginal Utility
    1.3 Ordinal Approach: Indifference Curve Analysis- Concept,
    Characteristics,
    1.4 Consumers Equilibrium

    2 Cost and Revenue 6

    2.1 Concepts and Types of Cost- Economic Cost and Accounting


    Cost, Private Cost and Social Cost, Actual Cost and
    Opportunity Cost, Explicit Cost and Implicit Cost, Incremental
    Cost and Sunk Cost, Fixed Cost and Variable Cost.
    2.2 Concepts of Total Cost, Average Cost, Marginal Cost and
    Interrelationships
    2.3 Concepts of Total Revenue, Average Revenue and Marginal
    Revenue

    3 Market Structure and pricing policies. 10


    3.1. Meaning and types of markets, Classification of Markets on the basis
    of degree of Competition –
    a) Perfect competition.
    b) Imperfect competition.
    3.2. Pricing Policies -Objectives of Pricing Policies
    3.3 Methods of Pricing in the market.
    3.4. Pricing of a new Product: Method and Strategies
    3.5. congestion pricing
    3.6. Mark up pricing
    3.7. penetration pricing
    3.8 Case Studies
    4 Factor Pricing. 16
    4.1 Marginal Productivity Theory of Distribution
    4.2 Rent- Meaning, Ricardian Theory of Rent, Modern Theory of Rent,
    Concept of Quasi Rent.

    2
    4.3. Wages
    4.3.1. Meaning and Types of Wages.
    4.3.2. Role of Collective Bargaining in Wage determination

    4.3. Interest-Meaning, Types, Classical theory of interest, Loanable Funds


    Theory of interest, Liquidity Preference Theory of interest.
    4.4. Profit- Meaning, Risk and Uncertainty Theory of Profit, Dynamic
    Theory of Profit, Innovation Theory of Profit.
    4.5. Case study
    5 5
    Assignments
    Students will have to compare the pricing policies of few companies and
    understand the various strategies adopted by them in the market.
    Reference List

    Recommended books:
    1. Economics — Samuelson P. A. and Nordhaus W.D., TMH Pub Co. Ltd., N. Delhi.
    2. A text Book of Economic Theory — Stonier A. W. and Hague D. C. Longman Green London.
    3. Business Economics — V. G. Mankar, Macmillan India Ltd. N. Delhi.
    4. Vyavasaik Arth Shastra (Sukslun) Dr. T. G. Gite, Atharv Publication. Pune
    5. Modern Micro Economics — Theory and Applications H.L. Ahuja S. Chand New Delhi.
    6. Business Economics — Dr. Girija Shankar — Atharv Publication, Pune.
    7. Business Economics — Adhikari M. Excel Books, New Delhi.
    8. Understanding Microeconomics- Robert L. Helibroner and Lester C. Thurow. Prentice Hall
    9. Micro Economic Theory an Analytical Approach — J M Joshi and R. Joshi Wishwa Prakashan
    (Division of Wiley Eastern Limited) N. Delhi.
    10. Business & Managerial Economics (in the global Context) Sampat Mukherjee. New Central
    Book Agency, Calcutta.

    Additional Readings:
    1. Managerial Economics Hague, D. Longman, London
    2. Managerial Economics Ahuja HL (2007) S.Chand & Co.Delhi
    3. Micro Economics — M. L. Jhingan; Vrinda Publications, New Delhi.
    4. Micro Economics — M. L. Seth
    5. Mankiw, G.( 2011). Principles of Microeconomics, Cengage Learning
    6. Modern Microeconomics Koutsoyiannis,.A. MacMillan Press India
    7. Microeconomics: Theory and Applications Salvatore D.L. Oxford Univ. Press United Kingdom

    Name and Sign of Head

    3
    Examination Pattern

    Internal –50 marks (25 marks MCQ + 25 marks Assignments.)

    External- 50 marks.

    Format of the Question Paper

    External Exam: Short Answers and Long Answers

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