Page 157 - SREENARAYANAGURU OPEN UNIVERSITY

SREENARAYANAGURU OPEN UNIVERSITY

B.A. MALAYALAM LANGUAGE & LITERATURE

GENERIC ELECTIVE (ECONOMICS)

B21EC01GE

ECONOMICS FOR EVERYDAY LIFE

Credits: 2

Objectives:
This course is offered to familiarize students with

basic concepts of economics. The course
would equip them with an understanding of
economics that can be used in daily life. It would

also help students to apply economics to real life
situations.
Course Outcomes:

1. To introduce basic economic concepts to the
students
2. To familiarize students with micro and macro
approaches to economics

3. To expose students to contemporary economic
ideas
Course Outline

Block 1: Basic Concepts and Methods of
Economics
Block 2: Micro Economics and Macro Economic
Concepts

Block 1: Basic Concepts and Methods of
Economics
Unit1 Economic Problem and Scarcity

Economic problem - Scarcity and choice -
Definitions of Economics – Wealth definition -

Welfare definition - Scarcity definition - Growth
definition - Microeconomics Versus

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