Scribd
Upload
91 views2 pages

Sem-I Economics (Major&Minor)

The document outlines the curriculum for the Principles of Economics course in the first semester of the B.A.LL.B (Honors) program at Hidayatullah National Law University, Raipur. The course aims to provide an understanding of different economic systems, consumer and firm behavior, output and price determination, the workings of economies, national income, economic growth, and monetary and fiscal policies. The curriculum covers topics such as definitions of economics, demand and supply theory, production costs and revenues, different market structures, factor pricing, and national income accounting over 6 modules. Reference books on microeconomic and macroeconomic theory are also listed.

Uploaded by

NISHTHA SHRIVASTAVA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
91 views2 pages

Sem-I Economics (Major&Minor)

The document outlines the curriculum for the Principles of Economics course in the first semester of the B.A.LL.B (Honors) program at Hidayatullah National Law University, Raipur. The course aims to provide an understanding of different economic systems, consumer and firm behavior, output and price determination, the workings of economies, national income, economic growth, and monetary and fiscal policies. The curriculum covers topics such as definitions of economics, demand and supply theory, production costs and revenues, different market structures, factor pricing, and national income accounting over 6 modules. Reference books on microeconomic and macroeconomic theory are also listed.

Uploaded by

NISHTHA SHRIVASTAVA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Hidayatullah National Law University, Raipur

B.A.LL.B (Honors) Curriculum

Economics

FIRST SEMESTER
Paper-1: Principles of Economics Total no. of lectures:60

Part: 1 Course outline

Introduction of the course:

The aim is to provide understanding of different types of economic systems, behavior of consumer
and firms, determination of output and prices of product and factors in different market
conditions, working of the economies, national income, economic growth, economic welfare,
employment, monetary policies and monetary problems. The knowledge of principle of
Economics helps in solving the problem of unemployment, inflation, economic instability and
economic growth.

INTRODUCTION TO ECONOMICS

Module 1 Definition of Economics

Definition of Economics, Nature & Scope of Economics,


Branches of Economics,
Importance and uses of Economics in Law

Module 2 Theory of Demand & Supply


Demand and Supply Theory, Law of Demand & Supply,
Determinants of demand & supply
Elasticity of Demand and Supply
Utility Analysis: Cardinal Utility (Marshall),

Module 3 Theory of Production, Cost and Revenue


Production Function, Factors of Production, total, average and
Marginal product. Law of Variable Proportions and Returns to Scale
Internal and External Diseconomies
Concept of Revenue: Total, average and marginal revenue.
Concept of Costs, Short and Long run costs and its curves

Module 4 Price determination in different markets


Perfect Competition
Monopoly
Monopolistic Competition
Module 5 Theory of Distribution: Factor Pricing
Labour and Wage
Land and Rent
Capital and Interest

Module 6 National Income Accounting


National Income Accounting
Banks: Central Bank and Commercial Banks, Inflation

Reference Books:
1. Dwivedi D.N. :Microeconomic Theory,Vikas Publishing House, Delhi
2. Jhingan M.L. :Microeconomics Theory, Vrinda Publications, Delhi
3. Ray N.C. : An Introduction to Microeconomics, Macmillan, Delhi
4. Samuelson P.A and W.D Nordhaus:Economics,Tata MC Grow Hill, New Delhi
5. StonierA.W. and D.C.Hague A textbook of Economic Theory
6. Satya, R.Chakraborty: Microeconomics, Allied Publishers,NewDelhi
7. Ackley G:Macroeconomic Theory
8. Branson W.H.: Macroeconomic Theory and Policy
9. Brooman: Macroeconomic Analysis
10. Hanson,A.H:Aguide to Keynes .McGraw Hill, New York
11. Heijdra, B.J.and F.V.Ploeg: Foundation of Modern Macroeconomics. Oxford University Press
12. Jhingan M.L.: Macroeconomic Theory, Vrinda Publications ,Delhi
13. Lewis M.K. and P.D.Mizan: Monetary Economics, Oxford University Press
14. Sharpio Edward :,Macro Economic Analysis

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy