The syllabus of B A Programme in Economics of University of Calicut -under CCSS-in School of Distance Education / Private mode is as follows:

Semester I Micro Economics I EC1 B01

Module -1: Introduction to Social Sciences:
Relevance of Social Sciences in understanding and solving cotemporary problems at regional, national and global levels

Module-II: Introduction to Micro Economic Theory
Micro Economics and its scope, Wants & scarcity, Functions of Economic system,
Circular flow of economic activity – price determination and functions of prices-concept of margin, Economic models, Methodology, Value judgement, Positive and normative analysis

Module-III: Basic demand supply analysis
Market analysis-market demand and market supply-market equilibrium-adjustment to changes in demand and supply / static and dynamic analysis- comparative static analysis, Algebraic explanation to market equilibrium, market demand and elasticity, Types of elasticity-price, income & cross elasticity, measurement of elasticity, MR and price elasticity, Elasticity of supply. Determinants of elasticity, uses of elasticity,

Module IV: Consumer Behaviour and Demand
Utility Analysis – Total and Marginal Utility – Cardinal & Ordinal Utility. Indifference Curves- Characteristics, MRS-Special Types of Indifference Curves, Consumer’s Income-Price Constraints- Budget Line-Changes in Income and Prices and Budget line, Consumer’s choice, Utility Maximisation, The Changes in demand and Engel’s Curve, Changes in Price Substitution Effect and Income Effect / Hicksian and slutskys Analysis Normal, Inferior and Giffen Goods, (Application of Indifference Curve Analysis.) Revealed preference theory. Strong Ordering and Weak Ordering. Fundamental Theorem of Consumption Theory, Derivation of Demand Curve under Cardinal, Ordinal and Revealed Preference Theory –.

Module V: Production/ Cost and Revenue
Production function –AP and MP Production with one variable input, Production with two variable inputs, Isoquants – MRTS-elasticity of factor substitution. Iso-cost line -
Ridge Line, Returns to Scale, . Cobb Douglas Production function. Cost of Production, Nature of Production, Costs, Short run and Long run Costs, Isocost lines. Least cost input Combination, Expansion path, Derivation of LAC and LMC, Introduction to Modern Cost Curves. Concepts of revenue – AR, MR, TR; Break even point


Syllabus of B A Programme in Economics of University of Calicut

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