ECONOMICS/BUSINESS ECONOMICS-309
Introductory Microeconomics
Units No: |
Unit Name |
Chapters |
Unit I |
INTRODUCTION |
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Unit II |
Consumer Behavior and Demand |
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Introductory Macroeconomics
Units No: |
Unit Name |
Chapters |
Unit I |
National Income and Related Aggregates — Basic Concepts and Measurement |
|
Unit II |
Determination of Income and Employment |
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Unit III |
Money and Banking |
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Unit IV |
Government Budget and the Economy |
|
Unit V |
Balance of Payments |
|
INDIAN ECONOMIC DEVELOPMENT:
Units No: |
Unit Name |
Chapters |
Unit I |
Development Experience (1947-90) and Economic Reforms since 1991 |
|
Unit II |
Current challenges facing the Indian Economy |
|
Unit III |
Development Experience in India |
|
Tips For Economic/ Business
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It is very difficult to cram a subject like economics. So, it is beneficial if you take notes, attend lectures and study actively and enhance your economic vocabulary by knowing the definitions, meaning of different economic-related terms and even participating in a discussion to understand if it makes sense or not.
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Before attending a class, try to skim the chapter so as to have an idea of what are the concepts to be learned in that chapter.
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Move topic-wise. For example, read something on microeconomics, then move to some other book to understand microeconomics in greater depth. Then move to a book that teaches macroeconomics. This way, you will not study disjoint material.
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Try to figure out what a specific problem asks for. Talk about the data needed to answer it. Know what you are looking for (for example what quantity should the firm produce), know how to find it (look for the intersection of MR and MC), and other factors needed for the outcome to be optimal.
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Think about what you read and ask questions of yourself.
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Try to know the various economic models. Look for figures of the models and read the captions. If you don't quite get the idea behind it, then find the part in the text that describes the model through an example.
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Ensure that you understand all the terms in bold. Most of these terms would be recurring concepts throughout the course (for example supply, demand, elasticity, market and industry)
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