Bachelor of Arts in Economics

Minor Course Syllabus

Minor A

Economics for Beginners

INTRODUCTION TO ECONOMICS

Module 1

Introduction to Economics
  • Definition and Scope of Economics
  • Microeconomics vs. Macroeconomics
  • Economic Systems – Capitalism, Socialism and Mixed Economy
  • Economic Agents – Consumers, Producers and Government

Module 2

Micro Economic Principles
  • Scarcity, Choice and Opportunity Cost
  • Supply and Demand
  • Law of Demand
  • Market Equilibrium
  • Elasticity of Demand
  • Cardinal Analysis
  • Ordinal Analysis
  • Utility
  • Law of Diminishing Marginal Utility
  • Indifference Curve and its Properties
  • Producer Behaviour
  • Production Costs
  • Revenue
  • Profit Maximization
  • Market Structures
  • Perfect Competition
  • Monopoly
  • Oligopoly
  • Monopolistic Competition (Concept Only)

Module 3

Macroeconomic Principles
  • National Income Accounting
  • GDP
  • GNP
  • National Income
  • Personal Income
  • Disposable Income
  • Aggregate Demand
  • Aggregate Supply
  • Fiscal Policy
  • Government Spending
  • Taxes
  • Budget Deficits
  • Monetary Policy
  • Money Supply
  • Interest Rates
  • Central Banks
  • Inflation – Types
  • Unemployment – Types

Module 4

Indian Economy
  • Economic History and Evolution of India
  • Agriculture Sector
  • Industrial Sector
  • Service Sector
  • Liberalization
  • Privatization
  • Globalization (LPG)
  • Unemployment
  • Poverty
  • Inequality
  • Five Year Plans
  • NITI Aayog
  • Economic Survey
  • Union Budget (Conceptual Understanding)

Teacher Specific Module

Teachers may use case studies, classroom discussions, newspaper analysis, economic surveys, current affairs, presentations and assignments to help students understand economic concepts and relate them to real-life situations.

Minor B

Fundamentals of Economic Development

FUNDAMENTALS OF ECONOMIC DEVELOPMENT

Module 1

Economic Development – Meaning and Measurement
  • Meaning of Economic Development
  • Difference between Economic Growth and Economic Development
  • Determinants of Growth and Development
  • Measurement of Growth and Development
  • GNP Per Capita
  • Physical Quality of Life Index (PQLI)
  • Human Development Index (HDI)
  • Gender Development Index (GDI)
  • Gender Empowerment Index (GEI)
  • Global Hunger Index (GHI)

Module 2

Human Resource and Economic Development
  • Human Resource and Development
  • Manpower Planning
  • Concept of Intellectual Capital
  • Role of Education in Economic Development
  • Role of Health in Economic Development
  • Gender and Development
  • Women in the Labour Force
  • Theory of Demographic Transition
  • Ageing Issues
  • Younging Issues

Module 3

Introduction to Sustainable Development
  • Definition of Sustainable Development
  • Concept of Sustainable Development
  • Objectives of Sustainable Development
  • Three Pillars of Sustainable Development
  • Social Dimension
  • Economic Dimension
  • Environmental Dimension
  • Millennium Development Goals (MDGs)
  • Tools for Sustainable Growth

Module 4

Indian Development Experience
  • Pre-Independence Economy
  • Development Challenges
  • Planning for Development
  • Five-Year Plans
  • Green Revolution
  • Agricultural Transformation
  • Industrial Policy
  • Public Sector Undertakings
  • Economic Reforms
  • Liberalization
  • Contemporary Development Issues
  • Climate Change

Teacher Specific Module

Teachers may organize seminars, debates, project work, field visits, case studies, presentations, and discussions on contemporary development issues to enable students to understand economic development in the Indian and global context.

MDC

ECONOMICS IN DAILY LIFE

ECONOMICS IN DAILY LIFE

Module 1

Basic Understanding of Economics
  • What is Economics?
  • Definition and Scope of Economics
  • Importance of Learning Economics in Daily Life
  • Role of Economics in Decision Making
  • Understanding Societal Systems
  • Price Determination
  • Factors Influencing Prices
  • Reasons for Price Fluctuations
  • Per Capita GDP
  • Meaning of Inflation
  • Measurement of Inflation in India
  • Economic Cycles
  • Phases of Economic Cycles
  • Personal Budget
  • Income
  • Expenditure
  • Savings
  • Investment
  • Alternatives to Savings Accounts
  • Investment Decisions
  • Government Budget
  • Taxes and Subsidies
  • Components of Government Budget
  • Heavy Taxation on Alcohol and Tobacco
  • Stock Market Mechanics
  • Bulls and Bears
  • Functioning of Stock Markets

Module 2

Economic Systems and Globalization
  • Capitalism
  • Socialism
  • Comparison of Economic Systems
  • State Regulation
  • Free Market Economy
  • Nationalization
  • Government Ownership
  • Economic Growth
  • International Trade
  • Imports
  • Exports
  • Free Trade
  • Issues Related to Free Trade

Module 3

Economics of Social Issues
  • Inequality
  • Income Distribution
  • Income Inequality
  • Discrimination in the Job Market
  • Gender Discrimination
  • Minority Discrimination
  • Gender Pay Gap
  • Poverty
  • Poverty Alleviation
  • Unemployment
  • Types of Unemployment
  • Acceptable Level of Unemployment
  • Corruption – An Economic Perspective

Teacher Specific Module

Teachers may use newspaper analysis, current economic issues, budget discussions, stock market demonstrations, case studies, classroom presentations, and practical activities to help students understand how economics influences everyday life.