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Department of Economics
Syllabus for B.A/B.A.B.Ed/B.Sc.
Core Courses, Discipline Specific Elective Courses, Skill Enhancement Courses &
Generic Elective Course (Interdisciplinary) in Economics
(Session 2018-19)
S.No Nature of Courses Course Code Credits
1 Core Courses CC 24
2 Department Specific Elective Courses EC 12
3 Skill Enhancement Courses SE 04
4 Generic Elective Courses (Interdisciplinary) GE 12
S. Course Code Course Title Max. Marks Distribution of
No /Semester Credits
al al L T P
nr ern al al
te xt Tot Tot
In E
1. Semester - I Core Economics I: 40 60 100 5 1 - 6
ECO-CC-111 Principles of Micro Economics-I
2. Semester – II Core Economics II:
ECO-CC-211 Principles of Micro Economics-II 40 60 100 5 1 - 6
3. Semester – III Core Economics III:
40 60 100 5 1 - 6
ECO-CC-311 Principles of Macro Economics-I
Skill Enhancement Course (SEC) I
40 60 100 2 - - 2
ECO-SE-311 Data Analysis - I
4. Semester – IV Core Economics IV:
40 60 100 5 1 - 6
ECO-CC-411 Principles of Macro Economics-II
ECO-SE-411 Skill Enhancement Course (SEC) II
Data Analysis - II 40 60 100 2 - - 2
5. Semester – V Discipline Specific Elective – I 40 60 5 1 - 6
100
(DSE-1A) Any one of the following :
Quantitative Methods –I or
ECO-EC-511 Money and Banking or
ECO-EC-512 Economic Development - I
ECO-EC-513
ECO-SE-511 Skill Enhancement Course (SEC) III 40 60 100 2 - - 2
Financial Economics - I
ECO-GE-511 Generic Elective Course (Interdisciplinary) 40 60 100 5 1 6
Indian Economy - I
August 08, 2019 Department of Economics, Dr. H.S. Gour Vishwavidyalaya, Sagar 1
6. Semester – VI Discipline Specific Elective – II 40 60 100 5 1 - 6
(DSE-1B)
Any one of the following :
Quantitative Methods – II or
ECO-EC-611 Public Finance or
ECO-EC-612 Economic Development –II
ECO-EC-613
Skill Enhancement Course (SEC) IV 40 60 100 2 - - 2
Financial Economics – II
ECO-SE-611
Generic Elective Course (Interdisciplinary) 40 60 100 5 1 6
ECO-GE-611 Indian Economy - II
Scheme of Examination for Under Graduate Classes
(A) Mid Semester Examination 20 Marks
(B) Internal Assessment* 20 Marks
(C) End Semester Examination 60 Marks
Grand Total 100 Marks
*Assessments:
Internal Assessment: Assignment/presentation/group discussion etc. depending on the
number of students in the class and feasibility of adopting a particular methodology.
The distribution of marks for internal assessments shall be as follows:
(i) Evaluation of the assignment, presentation, group discussion etc : 15 Marks.
(ii) Attendance : 05 Marks
The marks for attendance shall be awarded as follows:
(i) 75 % and below : 00 Mark
(ii) >75 % and up to 80% : 01 Mark
(iii) >80 % and up to 85% : 02 Marks
(iv) >85 % and up to 90% : 03 Marks
(v) >90 % and up to 95% : 04 Marks
(vi) >95 % : 05 Marks
August 08, 2019 Department of Economics, Dr. H.S. Gour Vishwavidyalaya, Sagar 2
B.A. Ist SEMESTER
PRINCIPLES OF MICRO ECONOMICS–I
ECO-CC-111 Credits 6 (5+1)
PREAMBLE: This course intends to expose the student to the basic principles in Microeconomic Theory and
illustrate with applications.
Unit-1 Introduction: Meaning, Nature, Scope and technique of economics, importance of micro
economics, Central Problem of an Economy - production possibility frontier. Demand and
supply: law of demand, determinants of demand, shifts of demand versus movements along a
demand curve, market demand, law of supply, determinants of supply, shifts of supply versus
movements along a supply curve, market supply, and market equilibrium. (20
Hours)
Unit-2 Basic Concept: Applications of demand and supply: consumer surplus. Elasticity: price
elasticity of demand, determinants of price, income and cross elasticity’s, concept of utility-
cardinal and ordinal approaches, diminishing marginal utility. (16 Hours)
Unit-3 Consumer Theory: Diamond-water paradox, Giffen goods, income, price and substitution
effects; consumer choice: indifference curves, principle of marginal rate of substitution,
Budget constraint or budget line, compensated demand, derivation of demand curve from
indifference curve. (16 Hours)
Unit-4 Production and Costs: Production:, production functions, law of variable proportions, return
to scale , isoquant curve and isocost lines, cost minimizing equilibrium condition.
Theory of cost: concept of cost- explicit costs, implicit cost, accounting costs, opportunity
cost, short termed and long termed cost analysis. (18 Hours)
Unit-5 Market Structure: Meaning of market: Classification of market structure, Revenue and
Demand curve, Objective and equilibrium of the firm: a general Analysis: TR –TC Approach,
MR-MC Approach, Perfect Competition: - characteristic, assumption, equilibrium of the firm
in the short run and long run. (20 Hours)
Essential Readings:
Micro Economics, M.L. Jhingan . Vrinda Publication, New Delhi.
Ahuja., H.L. (2014). Principles of Microeconomics. S. Chand & Company LTD, New Delhi
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Suggested Readings:
Koutsoyiannis, A.(1979), Modern Microeconomic (2nd Edition), Macmillan press, London
Modern Economics Theory & Policy ,K.K.Dewett S. Chand Publishers , New Delhi.
Sen., A. (1999), Microeconomic Theory and Application, Oxford University press, New Delhi.
Micro Economics, Dr.Abha Mittal, S. Chand Publication
August 08, 2019 Department of Economics, Dr. H.S. Gour Vishwavidyalaya, Sagar 3
B.A. IInd SEMESTER
PRINCIPLES OF MICRO ECONOMICS–II
ECO-CC-211 Credits 6 (5+1)
PREAMBLE: This is a sequel to Principles of Microeconomics–I covered in the first semester. The objective of
the course is the same as in Principles of Microeconomics I.
Unit-1 Theory of a Monopoly: Concept & features of Monopoly, Concept of Revenue, Demand
and supply curve under Monopoly, short run and long run price and output decisions of a
monopoly firm; price discrimination; social cost of monopoly; remedies for monopoly,
comparison of perfect competition and monopoly. (18 Hours)
Unit-2 Monopolistic Competition: Concept & features of Monopolistic competition, SR & LR
price and output determinations under monopolistic competition, Monopolistic
Competition and Economic Efficiency, Monopolistic Competition versus perfect
competition & Monopoly ,Chamberlin’s Group Equilibrium. (17 Hours)
Unit-3 Oligopoly: Meaning, assumptions, oligopoly models- Collusive, Price leadership with
low cost firm & dominant firm, kinked demand curve. (16 Hours)
Unit-4 Consumer and Producer Theory: Externalities, marginal cost pricing, internalizing
externalities, imperfect or asymmetric information: adverse selection, moral hazard.
Markets and Market Failure: Market adjustment to changes in demand, efficiency of
perfect competition; sources of market failure: imperfect markets. (17 Hours)
Unit-5 Income Distribution and Factor pricing: Input markets: demand for inputs; labour
markets, profit maximization condition in input markets, input demand curves, distribution
of Income-, Keynsian theory of Interest, Knight & Schumpeter theory of Profit, Ricardian
theory of Rent. (20 Hours)
Essential Readings:
Micro Economics, M.L. Jhingan . Vrinda Publication, New Delhi .
Ahuja., H.L. (2014). Principles of Microeconomics. S. Chand & Company LTD, New Delhi
O;f"V vFkZ'kkL= ds- ih- tSu fgeky; izdk'ku] ubZ fnYyhA
mPprj vkfFkZd fl)kWar ,p-,y-vkgwtk ,l- pkan ifCyflax ubZ fnYyhA
O;f"Vijd vkfFkZd fo'ys"k.k ,p-,y-vkgwtk ,l- pkan ifCyflax ubZ fnYyhA
O;f"V vFkZ'kkL= ,p- ,y- f>axu o`nk ifCyds'ku] ubZ fnYyhA
Suggested Readings:
Koutsoyiannis, A.(1979), Modern Microeconomic (2nd Edition), Macmillan press, London
Modern Economics Theory & Policy ,K.K.Dewett S. Chand Publishers , New Delhi.
Sen., A. (1999), Microeconomic Theory and Application, Oxford University press, New Delhi.
Micro Economics, Dr.Abha Mittal, S. Chand Publication
August 08, 2019 Department of Economics, Dr. H.S. Gour Vishwavidyalaya, Sagar 4
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