Note: For the Students taken admission after 2015-16
Paper I : MICRO-ECONOMICS
M.M. 75
Definition, Nature, Scope and Methods of Economics. Equilibrium : Partial and General, Static
and Dynamic. Micro and Macro Economics. Welfare Economics.
Theory of Demand : Utility Analysis of Demand. Indifference Curve Analysis of Demand.
Consumer’s Equilibrium (Hicks and Slutsky). Giffen Goods. Applications of Indifference Curve Technique. Revealed Preference Theory. Elasticity of Demand. Consumer's Surplus.
Theory of Production : Returns to a Variable Factor. Production Possibility Curve.
Production Function : Isoquants, Fixed Proportions and Variable Proportions Production Functions, Linear
Homogeneous Production Functions. Returns to Scale. Optimum Factor Combination and
Product Mix. Cost of Production and Cost Curves. Supply.
Theory of Product Pricing : Market Structures and Revenue Curves. General Analysis of the Objectives and Equilibrium of the Firm. Perfect Competition. Monopoly and Price Discrimination. Monopolistic Competition. Duopoly. Simple Oligopoly.
Theory of Factor Pricing : Marginal Productivity Theory of Distribution. Theories of Wage Determination. Collective Bargaining and Wages. Wage Differentials. Theory of Rent – Scarcity Rent, Differential Rent, Quasi Rent.. Theory of Interest – Classical and Keynesian Theories. Theory of Profits – Innovation, Risk and Uncertainty Theories.
Recommended Reading : ( Latest Editions ) :
1. Ahuja, H.L.: Arthic Sidthant, S. Chand, New Delhi.
2. Samuelson and Nordhas, Economics.
3. Walton, G., Price Theory and its Uses.
4. Stonier and Hague, A Textbook of Economic Theory.
5. Lipsey, R.G., An Introduction to Positive Economics.
Paper II : BASIC QUANTITATIVE METHODS FOR ECONOMICS
M.M. 75
Note: Elementary Quantitative concepts with illustration from Economics with the help of
graph and equations where ever possible. Proof of theorems is not expected.
Definition, Scope Importance and Limitations of Statistics. Techniques of Data Collection. Classification and Tabulation of Data. Diagrammatic and Graphic Representation of Data. Measures of Central Tendency: Arithmetic Mean, Median, Mode. Geometric Mean. Harmonic Mean.
Measures of Dispersion: Mean Deviation. Standard Deviation. Coefficient of Variation. Quartile Deviation. Coefficient of Skew ness – Karl Pearson’s and Bow ley’s Method. Simple Correlation .
Variables, Sets, Functions, Identities, Linear Equations in one Unknown. Simultaneous
Equations in two variables, Intercept and Slope. Use of Linear Functions in Economics.
Differentiation of a Function : Rules of Differentiation. Economic Applications of the Derivative. Maxima and Minima in one variable. Elementary Integral Calculus. Applications in Economics.
Matrices and Determinants ( not more than 3 column, 3 row case): Definition and order of a Matrix and Determinant. Properties. Addition, Subtraction and Multiplication of Matrices. Rules for Expansion. To Find Solution of Linear Equations with the help of Determinant, Cramer's Rule. Important Types of Matrices. Application of Matrices in Economics.
Recommended Reading: ( Latest Editions ) :
1. Mehta, B.C. & G.M.K.Madnani : Elementary Mathematics in Economics.
2. Zameeruddin, Qazi &V.K.Khanna : Mathematics in Commerce and Economics..
3. Mittal,S.N. & S.K. Mittal : Arthshastra mein Ganitiya Prayog.
4. Gupta, S.C. : Fundamentals of Statistics.
5. Singhal, Mohan : Elements of Statistics.
6. Yamane, Taro: Mathematics for Economists.
7. Allen, R.G.D. : Mathematical Analysis for Economists.
8. Veerachamy, R. : Quantitative Methods for Economists.
PDF of Economics Syllabus of B.A. I year of Kumaun University
Source : Kumaun University
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