This document outlines the content and evaluation for an economics course. The course will cover microeconomics, macroeconomics, monetary economics, international economics, and public finance. Specific microeconomics topics include demand analysis, production theories, costs, pricing strategies, and market structures. Macroeconomics topics include measuring national income, inflation, fiscal and monetary policies, and business cycles. Evaluation will consist of two tests, a quiz, and a final exam. Students will also complete a midterm exam and can expect both closed and open book quizzes covering various question types. Recommended reference books are provided.

1. SHU416Economics: An
Orientation to the Course –
Content& Evaluation
Dr.Sunitha S,
Assistant Professor,
School of Management Studies,
National Institute of Technology Calicut

2. Common Economic Jargons!!
Merger Fixed cost Break even FDI vs FII
GDP devaluation Pvt Ltd Inflation
Foreign exchange SENSEX FMCG Fiscal deficit
Taxes Depreciation cartels Pricing MIDCAP
Black money WTO disinvestment CPI
Liquidity ratio Debt ratio Stagflation BOP
crisis
hedging Arbitrage Venture capital

3. WHY??
• Why some countries are richer while
others are poorer?
• Why there are fluctuations in Rupee
against other currencies?
• How do poor monsoons pull down
the SENSEX and NIFTY?
• What is European crisis?
• Why does value of Rupee going
down?

4. Topics to be discussed in the Course
duration

5. Micro Economics
Macro Economics
Monetary Economics
International Economics
Public Finance

6. Micro Economics
• Demand Analysis:
– Elasticity of Demand & applications
– Demand Forecasting
• Theories of Consumption and
production
• Costs Concepts & behaviour
• Economies of scale & scope
• Pricing Strategies
– Market skimming, peak load pricing

7. • Market structure
• Pricing in different market structures
• Differential pricing
• Break even analysis
• Game theory

8. Macro Economics
 National Income: Concepts & measurement
GDP,GNP,NNP
 inflation and Deflation
 Fiscal & Monetary policies
 Indian Industries: A Sectoral Analysis
 Business Cycles
Recession,Depression,Recovery,Boom/Prosperity

9. Monetary system
• Money Market
• Capital market
• Commercial Banks
• Development banks
• Role of RBI

10. International Economics
• International trade
• Foreign exchange market
• Balance of Payments (BOP) versus
Balance of Trade (BOT)
• Disequilibrium in BOP
• Regulation of trade
• Role of World Bank, IMF & WTO

11. Public Finance
• Public expenditure
• Taxation: types
• Public Debt
• Budget
• Externalities

12. Course evaluation
• Test 1 and Test 2 (15 marks & 20 marks
respectively)
• Quiz(10 marks)
• End Semester exam (50 marks)

13. Internal Assessment
• Mid term exam,Quiz
• Quiz could be open or closed book type.
• Type of questions range from objective
type, numericals, case analysis, short
answer type and essay type.

14. Books for Reference
• Principles of Micro Economics,
(Gregory. N. Mankiw)
• Economics,
Samuelson, P.A. and W.D. Nordhaus
 Managerial Economics: Peterson, Lewis &
Jain
 Micro Economics: Pyndick & Rubinfield
• Books on Financial Management/Monetary
Economics by an Indian author
Additional books for reference would be informed later