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Macroeconomics
Unit2 Opportunity Cost

Opportunity cost- Production Possibility Curve
(PPC) - Shift in Production Possibility Curve

- Solution of basic economic problems in different
economic systems.
Unit3 Approaches to Economic analysis

Positive and normative analysis -Static,
comparative, and dynamic analysis - Short run and
long run analysis - Partial and General equilibrium
analysis

Block 2 : Micro Economic and Macro Economic
Concepts

Unit 1 Micro Economic Concepts
Demand and supply- demand function - law of
demand - Expansion and contraction of

demand curve – Shift in demand curve -
determinants of demand - -Supply function-law of
supply- 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-MultiNational Corporations

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

Multilateral Trade
References

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