Fundamentals of Economics (Multi-disciplinary)

 Syllabus

Multidisciplinary Course

 w.e.f. AY 2023-24 

 SEMESTER-IV FUNDAMENTALS OF ECONOMICS

 

 Credits: 2                                                                                                    2 hrs/week 

UNIT I- BASIC CONCEPTS                                                                  (08 Hours)

Meaning of Economics, Nature and Scope of Economics, Micro & Macro Economics meaning and difference. 

UNIT II- MICRO ECONOMIC CONCEPTS                                       (10 Hours) 

Theory of Demand and Supply, Meaning of utility, diminishing marginal utility; indifference curves analysis and consumers equilibrium; Production Function, Types of Costs and Revenue, Classification of Markets. 

UNIT III- MACRO ECONOMIC CONCEPTS                                    (12 Hours) 

Meaning - Concepts and measurement of National Income ; Definition of Money-Types and Functions; Evolution and Functions of Central Bank, Commercial Banks; Meaning of Inflation- causes and Anti-inflationary policies, Monetary and Fiscal Policy. 

 References: 

 Ahuja H. L. Principles of Micro economics, S. Chand Limited, Delhi

 

 Koutsoyiannis, A. (1990), Modern Microeconomics, Macmillian.

 

 Gupta, S.B, Monetary Economics, S Chand & Co, New Delhi. 

 Dwivedi, D. N , Microeconomics-Theory & Applications‖, Pearson. 

 Stonier, A.W & Hague. Douglas.C ,A Textbook of Economic Theory, Pearson.

 Ackley.G , Macroeconomics: Theory and Policy, Macmillan, New York 

 Dwivedi, D.N, Macroeconomics: Theory and Policy, Tata McGraw Hill 

Education Jhingan, M.L, Macroeconomics, Vrinda Publications, New Delhi.

Modal Paper

 

GAYATRI VIDYA PARISHAD COLLEGE FOR DEGREE AND PG COURSES (AUTONOMOUS) Affiliated to Andhra University || Accredited by NAAC and NBA VISAKHAPATNAM

Multidisciplinary Course: Fundamentals of Economics

B.Sc. (Data Science) – SEMESTER - IV

MODAL PAPER

Time: 2 Hours                                                                                Max. Marks:  50

SECTION-A

Answer the following                                                                                    4 x 5 = 20 M

1. Explain the Economic activities.                                                                                 (CO1)
2.  Explain various kinds of Production functions.                                                          (CO2)
3. Write about the functions of Central Bank                                                                   (CO3)
4.  Explain the meaning and causes of Inflation.                       .                                      (CO3)

SECTION-B

Answer the following                                                                                    3 x 10 = 30 M

5. (a). Explain the meaning, nature and scope of Economics.                                       (CO1)

(OR)

(b). Describe the meaning and differences of Micro and Macro Economics.            (CO1)

                                                           

6. (a). Explain the Law of Marginal Utility and state its limitations.                               (CO2)

(OR)

            (b). Analyze and discuss the classification of Markets.                                              (CO2)

 

1. (a). Define National Income. Explain various methods of measuring National Income.                                                                                                                                     (CO3)

(OR)

(b). Discuss the functions of Monetary and Fiscal Policies                                          (CO3)                                                                                                  

BLUE PRINT

Unit	Essay Questions  (Internal Choice)	Short Answer Questions
I	2	1
II	2	1
III	2	2