ECONOMICS
FULL MARKS 100 TIME: 3 HOURS

1. Micro Vs Macroeconomics:

Theory of consumer behaviour, consumer preferences, utility function, demand function.

2. Theory of the Firm:

Production function and the laws of returns, the law of returns to scale.

3. Theory of Price:

Classification of markets, pricing under perfect competition and monopoly, discriminating monopoly.

4. Marginal productivity:

Theory of distribution, wage determination, perfect competition and imperfect competition

6. Macroeconomics:

Concept and measurement of national income, Functions of Commercial and Central Banks.

7. Economic Development:

Meaning of economic development and economic growth, characteristics and problems of developing countries.

8. Industrial Policy Framework of India

New Industrial Policy, causes of industrial sickness, rehabilitation of sick units.

Books

1. MicroEconomics by Sundaram & Sundaram, Sultan Chand & Sons.

2. Advanced Economic Theory by H.L. Ahuja.

3. Economic Policy & Planning by V.G.Mankar, Wils Western Ltd.

4. Indian Economy by Dutta & Sundaram.

5. Economic Development by M.L. Jhingan

6. Macroeconomics by M.L. Seth.

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