This document outlines the course units for a semester of Micro Economics, Macro Economics, and Indian Development and Policy. For Micro Economics, the 4 units cover introduction to economics and basic concepts; supply and demand theory; production theory; and costs, revenues, and different market structures. For Macro Economics, the units cover macroeconomic concepts and differences from micro; central banking and monetary policy; fiscal policy; and business cycles and interest theory. For Indian Development and Policy, the units cover concepts of development; growth of agriculture and industry; problems in the Indian economy; and development policies regarding unemployment, poverty, and inequality. Suggested readings are also provided.

1. B.B.A
First Semester
Subject: Micro Economics
Unit-1:
Introduction to Economics: Definition, scope & nature of Economics. Basic
problems of an economy.Types of economies. Production possibility Curve.
Unit-2:
Theory of Demand & Supply: Meaning & Determinants of Demand, law of
Demand & Elasticity of Demand, Supply: law of Supply & Elasticity of Supply.
Meaning & Determinants of supply, Equilibrium of Demand & supply.
Unit-3:
Theory of Production : Meaning & Factors of Production, Law of ProductionLaw of Variable Proportions & law of Returns to Scale. Internal Economies and
diseconomies.
Unit-4:
Concepts of Costs- Fixed & Variable costs, Opportunity Costs. Average and
marginal Costs. Short and Long Run Costs curves. Concept of Revenue: Total,
Average, Marginal Revenue. Features and types of markets. : Various forms
and price determination of markets - Perfect Competition, Monopoly,
Monopolistic Competition
and concepts and characteristics of Oligopoly,
Duopoly.
Suggested Readings:
1. Managerial Economics: Analysis ,Problems & Cases - by P.L. Mehta,
Sultan Chand & Sons.
2. Advanced Micro Economics Theory- H.L. Ahuja, S. Chand Group.
3. Advanced Economics Theory- H.L. Ahuja, S. Chand Group.
4. Modern Economic Theory-by K.K. Dewitt, S Chand & Sons, New Delhi.
5. Managerial Economics- by Paul, Gupta & Mote, Tata McGraw Hill
6. Introduction to Economics- by K.K. Kurihara.
Micro Economics- by A.Koutsoyiannis

2. Subject : Macro Economics
Unit- 1
Macro Economics- Meaning, Scope, Importance and Limitations
Difference between Micro Economics and Macro Economics. Stock and Flows:
mutual dependence between stocks and flows, Circular flow of income.
Unit -2
Central Banking: meaning and functions; credit control: objectives and
methods; limitations of qualitative or selective credit controls. Monetary policy:
meaning and instruments. Non banking Financial Institutions.
UNIT- 3
Fiscal Policies: meaning Instruments of fiscal policy. Basic issues in fiscal
Fiscal deficits management, nature and management of public debt.Fiscal
Policies in relation to growth and price stability.
UNIT- 4
Meaning of business cycle ; characteristics and phases of a cycle. Factor
pricing-II: Interest –Concept, Loanable funds theory and Keynes’s Liquidity
preference theory. Profit – Concept, Risk and uncertainty theory and Innovation
theory.
Text Books :
Macroeconomics; Tata mc Graw Hill; Dewedi, D.N.
Macroeconomic Analysis; Tata mc Graw Hill; Shapiro, E
Money, Banking, International trade and public finance; Seth. M.L
Monetory Economics ; Jhinghan
Books Recommended: Positive Economics — by R.G. Lipsey
Micro Economics — by A. Koutsoyiannis
Advanced Economics — by H.L. Ahuja
Positive Economics — by R.D. Gupta

3. Subjects : Indian Development and Policy
Unit 1
Concepts of economic development and growth, factors of economic growth
Obstacles of Economic Development , inequalities of income.
Economic Planning: Objectives and strategy, achievements and
failures of five year plans. Sustainable Development: Meaning and definition,
Objectives, Causes of environmental degradation and Government policies
Human Development Index (HDI), Physical Quality Life Index
(PQLI), and Gender Development Indices (GDI), Role of Government in the
reforms era.
Unit 2
Growth of Agricultural and industrial Sectors : Food policy and public
distribution system. Cottage industries and small scale industries.
Unit 3
Problems in Indian Economy:
Poverty and inequality, Employment and Unemployment, Inflation, Parallel
Economy and its implication, Industrial Sickness, Low capital formation.
Unit 4
Developmental policies:
Unemployment: Nature and extent, Causes, Government policy
Poverty: Extent and causes, Major poverty alleviation programmes.
Inequality: Extent and causes, Policies for social justice with special reference
to the alleviation of poverty, inequality and unemployment.
Suggested readings:
Indian Economy
Indian Economy
Indian economy
— by Misra & Puri
— by A.N. Aggarwal
— by K.P.M. Sundram