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Expansion and contraction of supply curve – Shift in supply curve - determinants of supply –
Elasticity of demand and supply

Unit 2 Macro Economic Concepts

Macroeconomic variables – Stock and Flow Variables - Exogenous and Endogenous Variables-
General Equilibrium and Edgeworth Box- Macro models-Macroeconomic Goals and Instruments-
Inflation- Unemployment-Poverty

Unit 3: Contemporary Economics

Monopoly- Oligopoly- Cartels-Mergers and Acquisitions-Multi National Corporations

Financial Inclusion-Markets-Budget-RBI- NITI Ayog-Exchange Rate- Bilateral and Multilateral
Trade

References

1. Pindyck, R.S., Rubinfeld, D. L., & Mehta, P. L. (2013) Microeconomics (Seventh edition), Pearson
Education Prentice Hall.

2. Salvatore, D. (2003) Microeconomics Theory and Applications (Fourth Edition), Oxford University
Press.

3. Snyder, Christopher and Walter, Nicholson (2017) Microeconomic Theory-Basic Principles and
Extensions, Cengage Learning.

4. Varian, Hal R.(2010) Intermediate Microeconomics: A Modern Approach, 8th Edition, W.W Norton
and Company/ Affiliated east- West Press( India).

5. Dornbusch, Fischer and Startz, Macroeconomics, McGraw Hill, 11th edition, 2010.

6. N. Gregory Mankiw. Macroeconomics, Worth Publishers, 7th edition, 2010.

7. Richard T. Froyen, Macroeconomics, Pearson Education Asia, 2nd edition, 2005.

th
8. Paul.A. Samuelson and William Nordhaus, Economics, McGraw Hill, 19 Ed.

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