gtag('config', 'UA-122485667-2');

Economics Syllabus for Intermediate Part-I

SYLLABUS ECONOMICS INTERMEDIATE PART-I

NATIONAL CURRICULUM

Marks: 100                                                    PART-I                                                     Time: 3 Hours

CHAPTER – 1   NATURE AND SCOPE OF ECONOMICS                      Weightage: 15%

A.       Introduction:
  • Wants and satisfaction
  • Goods and services
  • Utility and scarcity
  • Economics problems and its nature
  • Definition by:
a)   Adam Smith        b)    Alfred Marshall       c)   Lionel Robbins
B.       Meaning of:
  • Micro Economics, Macroeconomics, Positive Economics, Normative Economics
  • Economic laws and their nature

CHAPTER – 2 CONSUMER’S BEHAVIOUR AND ITS ANALYSIS         Weightage: 10%

A)   Consumer’s behavior
  • Definition
  • Meaning
  • Rationale
B)   Utility approach
  • The Law of administrative marginal utility with table and graph
  • The law of Equi-marginal utility or law of substitution with formula and diagram
C)   Indifference curve
  • Definition and Characteristics (graphical presentation)

CHAPTER – 3 BASIC TOOLS OF STATISTICS AND MATHEMATICS IN ECONOMICS Weightage:    5%

A)   Variables:
  • Continuous
  • Discontinuous
  • Independent
  • Dependent
B)   Equation
  • Linear equation with group
  • Quadratic Equation
  • Simultaneous Equations
C)   Statistical Data
  • Collection and Tabulation

CHAPTER – 4   DEMAND                                      Weightage: 10%

A)   Law of demand and practical uses
  • Definition
  • Law of demand
  • Demand function and functional equation of demand
  • Movement along the demand curve and shift in demand curve
B)   Demand elasticity
  • Price elasticity of demand (Arc & point) and methods of measurement
  • Concepts of income elasticity and cross-elasticity of demand
  • Factors influencing the elasticity of demand
  • Practical uses of the concept of elasticity of demand

CHAPTER –5   SUPPLY                                      Weightage: 10%

A)   Law of supply and practical uses
  • Definitions stock and supply Law of Supply
  • Supply functions and functional equation of supply
  • Movement along with supply curve and shift in supply curve
B)   Elasticity
  • Elasticity of supply and its measurement.
  • Factors influencing the elasticity of supply
  • Practical uses of the concepts

CHAPTER – 6    EQUILIBRIUM                          Weightage: 10%

A)   Equilibrium in demand and supply etc.
  • Concept of equilibrium
  • Equilibrium of demand and supply
  • Equilibrium in price and equilibrium in output
  • The effects on equilibrium in price and output put due to change in demand and supply

CHAPTER –7    THEORY OF PRODUCTION             Weightage: 10%

A)   Theory of production
  • Meaning of production
  • Characteristics and importance of Factors of Production
B)   Factors of Production
  • Land
  • Labour
  • Capital
  • Organization

CHAPTER –8   SCALES OF PRODUCTION AND LAWS OF RETURNS Weightage:    5%

A)   Scales of production
  • Meaning
  • Scale of production Economies and diseconomies internal and external
  • Merits and demerits of large scale (increasing, constant, diminishing) and their relation with the cost of production
B)   Laws of Returns
  • Laws of production (increasing, constant, diminishing) and their relation with the cost of production

CHAPTER –9   COST OF PRODUCTION                            Weightage: 5%

A)   Cost of production
  • Definition, classification, Fixed and variable.
  • Total, average and marginal cost
B)   Relationships of different cost curve
  • Relationship between total, average and marginal cost.

CHAPTER –10  REVENUE ANALYSIS                              Weightage: 5%

A)   Application of Revenue curves in price and output determination
  • Definition
  • Total, marginal and average revenue under perfect competition and monopoly
  • Price and output determination and short and long run under perfect competition and monopoly

CHAPTER – 11  MARKET                                                      Weightage: 5%

A)   Market
  • Meaning and significance of market
B)   Kinds of market
  • Perfect competition and monopoly
  • Short run and long run in perfect competition and monopoly

CHAPTER – 12   DISTRIBUTION: FACTORS PRICING              Weightage: 10%

A)    Factors pricing and Productivity
  • Rent, meaning, Kinds and Ricardian theory of rent
  • Wages definition, meaning, and Kinds. Marginal productivity theory
  • Interest: Meaning and Kinds
  • Profit: meaning and kinds
  • Difference between profit and interest
November 2, 2018

0 responses on "Economics Syllabus for Intermediate Part-I"

Leave a Message

Your email address will not be published.

top