Page 1 :
BA (Hons) Economics, , , , , , , , , , , , Semester —I, Course Title : DSC - 1.2: Basic Economics — I, Total Contact Hours 142 Course Credits 13, Formative Assessment Marks : 30 Duration of ESA/Exam :3 Hrs,, Model Syllabus Authors L Summative Assessment Marks : 70., , , , , , , , Course Outcomes: By the end of the course the student will be able to:, Identify the facets of an economic problem., , Learn basic economic concepts and terms., , Explain the operation of a market system;, , Analyze the production and cost relationships of a business firm;, Evaluate the pricing decisions under different market structures; and, Use basic cost-benefit calculations as a means of decision making, , , , Content of Basic Economics - I 42 Hrs, , , , Unit — I: Basic Concepts in Economics 14, , , , Chapter — 1: Nature and Scope of Economics, , Meaning of Economics, , Nature of Economics, , Scope of Economics 5, , Methods of Economics, , Why Study Economics?, , Chapter - 2: Thinking Like an Economist, Thinking Like an Economist, , ., « The Economist as Scientist 4, ., ., , The Economist as Policy Adviser, Economic Policy, Chapter - 3: Economic System, © Types of Economic Activities, © Organization of Economic Activities 5, © Circular Flow of Economic Activities, ¢ Evolution of the Present Economic Systems, Practicum: |. Group Discussions on Choice Problem, 2. Assignment on Types of Economic Systems, , , , Unit — 11: Demand, Supply and Markets 14, , , , , , ‘Chapter - 4: Firms and Household, , Meaning of Firms and Household, , Relationship Between Firms and Household 4, , Input Markets, , © Output Markets, , jemand and Supply, Individual Demand, Market Demand 5, Demand Determinants, Supply and its Determinants, Market Equilibrium, , lasticity and its Measurement, Types of Elasticity of Demand 5, Price, Income and Cross Elasticity’s, Measurement of Elasticity of Demand, Determinants of Elasticity of Demand, , Chapter - 5:, , , , , , Chapter , , , , , , , , , 7, , , , Practicum: 1. Estimation of demand and supply elasticity’s, 2. solving an equilibrium problem, , , , Unit — III: Cost and Market Structures 14, , , , Chapter - 7: Production and Costs, Production Function, Total Production Cost, Marginal Production Cost 4, Average Production Cost, , * Revenue Functions, Chapter - 8. Accounting and Economic Costs, Cost in the Short run, Fixed Costs and Variable Costs, Marginal Costs, Long run AC and MC, TR, MR, AR, Market Structures, Markets, Perfect and Imperfect Competition 5, Features of Perfect Competition, Monopoly, Oligopoly and Monopolistic Competition, , * Pricing Strategies, |Practicum: 1. Calculation of various costs and comparing them with production, concepts; a mini-project can be taken up wherever possible., Studying the real-life pricing mechanism through a project/ case, Studies., , , , Chapter , and