Chapters 1. INTRODUCTION TO ECONOMICS(ss) Meaning, Definition, Nature, Objective, characteristics, Significance, Scope, Branches. 2.

MANAGERIAL ECONOMICS & ITS ROLE IN DECISION MAKING(mg) Basic economics Task, Difference in plant, firm and industry, Business problem, mechanism to solve the problem, business decision making, Tools- Curves(Iso-Quant, Indifference curve) & Graphs , Concept of Slope, Case Study. 3. MICRO-ECONOMICS & ITS THEORIES(rajesh) Meaning of economic laws, Methods of deriving economic laws, Economics Laws & Nature, Classical & Modern theory of Economics. 4. MARKET DEMAND ANALYSIS(mg) Meaning, Definition, Individual & Market Demand, Determinants of Demand, Demand Function, Demand Schedule, Demand Curve, Law of Demand, Difference in Change in Quantity Demanded & Change in Demand, Types of Demand, Elasticity of Demand, Types of Elasticity, Degree of Elasticity of Demand, Methods of calculating Elasticity of Demand. 5. MARKET SUPPLY ANALYSIS(mg) Meaning, Definition, Determinants of Supply, Supply Function, Law of supply, Change in Supply, Elasticity of Supply. 6. PRODUCTION ANALYSIS(ss) Concept of Production Function, Attributes of Production Function, Types of Production Function. Laws Of Production, 7. COST ANALYSIS(ss) Understanding the concept of real and opportunity cost, money cost, accounting and economic costs, fixed and variable costs, types of production cost and their measurements, short run total cost schedule of a firm, behavior of total cost, cost curves ,short run per unit cost, behavior of short run average cost curves, marginal cost curves, relation between marginal and average cost, cost function, characteristics of long run cost, derivation of LAC curve, economies of scale and LAC, technological change and long run cost, long run marginal cost curve. 8. REVENUE ANALYSIS(ss) Revenue concepts, relationship between price and revenue under perfect competition, industry demand, firm demand, monopoly demand, relationship between price and revenue under monopoly, relationship between AR and MR 9. MARKET MORPHOLOGY(rajesh) Concept of market, classification of markets, market based on time element, types of market structures, perfect competition, imperfect competition, types of monopoly, competitive equilibrium price, equilibrium of firm and industry under perfect competition, monopoly pricing and output equilibrium, monopolistic competition, oligopoly market 10. BREAK-EVEN-ANALYSIS(rajesh) Meaning, determining BEP, assumptions and limitations of BEP, Significance of BEA. 11. INTERNATIONAL TRADE AND BALANCE OF PAYMENT(mg) Balance of Trade, Balance of Payment, Measures to correct BOP, Commercial/trade Policy, Instrument of Commercial/ Trade Policy