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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-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
4. Principles and Extensions, Cengage Learning.

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

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

7. N. Gregory Mankiw. Macroeconomics, Worth Publishers, 7th edition, 2010.
8. Richard T. Froyen, Macroeconomics, Pearson Education Asia, 2nd edition, 2005.

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

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