Micro Economics

Unit

Topics

No. of Lectures

1

Introduction to Economics, Definitions of Economics, Nature and Scope of Economics, Significance and Evolution of Micro Economics, Functions of Managerial Economics.

10

2

Concepts of Law of Demand, Law of Supply, Concept of Market Equilibrium, Elasticity of Demand, Demand Determinants.

15

3

Utility Analysis, Marginal Concept of Utility, Indifference Curve Analysis: Assumptions, Properties of Indifference Curve, Theory of Consumer Surplus.

20

4

Elements of Cost, Factors of Production, Theory of Rent, Theory of Interest, Theories of Profit.

20

5

National Income: Estimates and Analysis (GNP, NNP, GDP, HDI), Methods of Measurement of National Income, Types of Market Structure, Perfect v/s Imperfect Market, Trade Cycles.

25