Guru Kashi University Online Syllabus / Curriculum

Bachelor of Arts Economics Syllabus

1st Semester

2nd Semester

Evolution and Definition of Economics

Economies of Scale

Nature & Scope of Economics

Different Concepts of Costs Explicit & Implicit

Utility Demand, Supply

Concept of Revenue

Methods of Economics Analysis

Accounting, Opportunity, Total fixed and Variable Costs

Commodities and their types

Total, Marginal & Average Revenue

Inductive & Deductive Logic, Merit, and Demerits

Marginal & Average Costs & their relationship

Market

Concept and Classification

Demand- Supply Equilibrium

Price and Output Determination for Firm and Industry

Value and Price

Break-Even Point

Administered and Non- Administered Prices

Perfect Competition Characteristics

Indifference Curve: Consumer equilibrium (Hichs & Slutsky)

Price Discrimination

Cardinal (Marshal) and Ordinal Utility

Market Equilibrium

Approaches to Demand

Characteristics and Price- Output Determination

Price, Income and Substitution effects

Monopolistic Competition

Derivation of Demand Curve

Characteristics Price - Output Determination

Elasticity of Demand

Factor Pricing

Price, Income, and Cross Elasticity

Theory of Marginal Productivity of Distribution

Consumer Surplus and its Measurement

Concept of Adding up Theorem

Factors of Production and their Characteristics

Theories of Wages and Rent: Classical and Modern

Returns to Factor and Return to Scale

Profit: Net and Gross

Law of Variable Proportion

Theories of Profit

Laws of Production

Interest: Concept, Classical and Keynesian Theories of Interest

Isoquants Nature and their Characteristics

-

Producers Equilibrium

-

3rd Semester

4th Semester

Structure of Indian Economy - Primary, Secondary & Tertiary Sectors

The Infrastructure of the Indian Economy

Natural Resources, Land, Water, Forest

Irrigation, Power, Transport, Communication

Mineral Resources

Banking and Insurance

Demographic Features

Human Infrastructure of the Indian Economy

Population, Size, Sex, Rural-Urban Classification

Health, Nutrition, Education, Knowledge, and Skills

Population Distribution

Housing and Sanitation

Recent National Population Policy

Planning in India- Objectives, Types, Strategy

Agriculture: Nature and Importance

Analysis of Current Five-Year Plan

Land Use Pattern

Economy- Land, land Utilization Pattern

Small Scale and Cottage Industries- Meaning, Importance and Problems

Sources of Credit in Agriculture, Irrigation

Trends in Agriculture Production and Productivity

Natural Resources- Forest, Water & Mineral

Cropping Pattern

Agro-Climatic Zones

Land Reforms: Green Revolution

Demographic Features of M.P

Mechanisation

Production and Productivity of Main Corps,

Rural Credit

Agricultural Situation in Economy

Agricultural Marketing

Cropping Pattern

Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles

-

5th Semester

6th Semester

Macro Variables- Stock and Flow

Public Finance and Public Economics

Circular Flow of income

Public, Private, and Merits Goods

Measurement of National Income and Social Accounting in India

Principle of Maximum Social Advantage

Classical Theory of Employment

Canons of Taxation

Concept of National Income- GDP, GNP

Market and State- Role and Functions

National Income and Economic Welfare

Sources of Revenue- Taxes, Loans, Grants, and Aids

Keynesian Theory of Employment

Principles of Public Expenditure

Aggregate Demand and Supply Functions

Principles of Public Debt and Methods of Redaction

Consumption Function

Effects of Public Expenditure on Production and Distribution.

Average and Marginal Propensities to Consume

Concept and Types of Budget

Factors Affecting Consumption

Public Finance in India

Effective Demand

Wagener's Law- Increasing Activities

Simple Investment

Fiscal Deficit

Saving Function & Sources of Saving Mobilization

Deficit Financing and Deficit Budget

Investment Function

Constitution and Function of Finance Commission

Marginal Efficiency of Capital

Recommendation of Latest Finance Commission

Factors Affecting Capital Formation

Latest Budget

Concept of Accelerator

The stock of Money and its Measures

-

Demand-Pull and Cost-Push Inflation

-

Inflation, Deflation, and Recession

-

Bank- Meaning and Types

-

Objectives and Limitations of Monetary Policy