Hey!!! CMJ University offers B.A. in Economics which is of minimum 3 year duration.

Here I am providing you syllabus of the Micro Economics Subject of B.A. Economics of this University:
UNIT – I
Introduction

Definitions of Economics-Basic concepts – Main Divisions of Economics – Subject matter of Economics – Distinction between Micro and Macro Economics – Scope of Economics.

UNIT – II
Consumption
Human wants – characteristics and classification of Human wants – Law of diminishing marginal utility – Law of equi – marginal utility – Law of demand – consumer’s surplus – Elasticity of demand –types-measurement-Factors determining elasticity of demand.

UNIT – III
Production
Factors of production – characteristics – Production function – Law of variable proportions – Large scale and small scale production – merits and demerits – Functions of entrepreneur.

UNIT – IV
Exchange
Costs and Revenue – Short run and Long run costs – Revenue curves under different market conditions. Perfect competition- Monopoly – Discriminating monopoly – Monopolistic competition – Features and price determination.

UNIT – V
Distribution
Marginal productivity theory – Ricardian theory of rent – Modern theory of rent – Quasi rent – wage theories – classical theory – subsistence theory – Marginal productivity theory and – Modern theory Interest theories – Liquidity preference theory – Loanable Fund theory – Theories of profit – Innovation theory – Dynamic theory – Risk bearing theory – Uncertainty theory.

Reference Books

1. Principles of Economics – K.P.M. Sundaram

2. Prince Theory - K.K. Dewett

3. Advanced Economic Theory – H.L. Ahuja

4. Micro Economics - M.L. Seth

5. Advanced Economic Theory - M.L. Jhin Ghan

6. Modern Micro Economic – Koutsoyiannis

Contact Detail:
CMJ University
Modrina Mansion, Nongkynrih, Laitumkhrah, Shillong, Meghalaya 793003
Phone: 0364 250 5028