Lecture 01 : ECONOMICS – DEFINITION AND NATURE & SCOPE OF ECONOMICS – DIVISIONS OF ECONOMICSDownload this lecture as PDF here Lecture 02 : ECONOMIC SYSTEMS – DEFINITIONS AND CHARACTERISTICS - CAPITAL ECONOMY – SOCIALIST ECONOMY – MIXED ECONOMYDownload this lecture as PDF here Lecture 03 : THEORY OF CONSUMER BEHAVIOUR - UTILITY- DEFINITION AND MEASUREMENT – CARDINAL AND ORDINAL APPROACHES – LAW OF DIMINISHING MARGINAL UTILITY – GRAPHICAL DERIVATION OF DEMAND CURVEDownload this lecture as PDF here Lecture 04 : Ordinal approach - Indifference curve – characteristics – budget line – equilibrium of consumerDownload this lecture as PDF here Lecture 05 : Demand–individual demand – market demand – demand schedule – demand curve – Law of demand and factors affecting itDownload this lecture as PDF here Lecture 06 : Elasticity of demand – price, income and cross elasticities – estimation – point and arc elasticity - Giffen Good – normal and inferior goods – substitutes and complementary goodsDownload this lecture as PDF here Lecture 07 : Engel’s Law of family expenditure and significance. - Consumer's surplus– estimation and applicationsDownload this lecture as PDF here Lecture 08 : PRODUCTION – FACTORS OF PRODUCTION – LAND & CHARACTERISTICS; LABOUR – QUANTITY AND QUALITY OF LABOUR- - DIVISION OF LABOUR – EFFICIENCY OF LABOUR - MALTHUSIANDownload this lecture as PDF here Lecture 09 : CAPITAL - CHARACTERISTICS - CAPITAL FORMATION; ORGANIZATION OF BUSINESS FIRMS – TYPES AND CHARACTERISTICS - CONCEPT OF SHARES &DEBENTUREDownload this lecture as PDF here Lecture 10 : SUPPLY-LAW OF DIMINISHING MARGINAL RETURN – ITS APPLICATION TO AGRICULTURE - COST CONCEPTS – SHORT RUN & LONG RUN COST CURVES - OPTIMUM LEVEL OF PRODUCTIONDownload this lecture as PDF here Lecture 11 : Graphical derivation of supply from cost curve - supply schedule – supply curve – Law of supply – elasticity of supplyDownload this lecture as PDF here Lecture 12 : MARKET, MARKET STRUCTURE AND PRICE DETERMINATIONDownload this lecture as PDF here Lecture 13 : Factor pricing ; rent - Ricardian rent-economic rent – Quasi – rent; Wage– marginal productivity theory of wage; Interest - Liquidity preference theory; Profit –Risk-bearing theory of profitDownload this lecture as PDF here Lecture 14 : MACRO ECONOMICS – CONCEPTS OF - GROSS NATIONAL PRODUCT (GNP) - GROSS DOMESTIC PRODUCT (GDP) - NET NATIONAL PRODUCT (NNP) - PERCAPITA INCOMEDownload this lecture as PDF here Lecture 15 : Money – Definition & functions of money; inflation – consequences & controlDownload this lecture as PDF here Lecture 16 : Public finance - public revenue - public expenditure; taxation - principles of taxationDownload this lecture as PDF here SyllabusDownload the Syllabus as PDF here
