7/24/2019 Lectut HSS 01 PDF Course Outline HSS 01 Economics

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I

NAME

OTDEPTT./CENTRE:

1.

SubjectCode: HS-201

Indian

Institute

of Technology

Roorkee

Humanities

& Social

Sciences

Course

Title:

Economics

2. Contract

Hours:

I':2

T:

1

P:0

:

Praetical

6

MTE:25

ETE:50

PRE:00

3.

Examination

Duration

(I{fs.) Theory

2

4. Relative

Weightage:

CWS:25

PRS:

00

5.

Credits:

03

6.

Semester

Both

7.

Pre-

requisite:

Nil

8.

Subject

Area:

HSSMEC

g.

Objective:

To

acquaint

the students

with

the

theoretical

and

applied

aspects

of

economics

10.

Details

of

Course:

Sl.

No.

Contents

Contract

llours

1

Basic

Concepts:

Micro

and

macro

economics,

static

and

dynamic

economics,

national

income

concepts,

concepts

of

economic

olanning,

krdian union

budget.

5

2

Consumer

Behaviour:

Demand, law

of demand,

elasticity

of

demand,

cardinal

and ordinal

utilify

approaclgq.

5

a

J

Production and

Cost

Analysis:

Production functions,

laws

of

returns

and

returns

to scale, Cobb-Douglasproduction

function;

cost

theory

and

functions,

break-even

analysis.

4

Pricing

of

Final

Products:

Marginal

analysis

approach-

price

output

determination

under

perfect and

imperfect

market

conditions

(perfect

competition,

monopoly,

mononolistic

competition

and oligopoly)

4

5

Money

and Capital

Markets:

Difference,

constituents

of

capital

markets,

stock

exchanges

and their

function

)

6

Inflation

:

Definition,

causes,

effects,

conholling

measures,

Unemptroyment:

Concepts

and

tYPes

a

J

7

Economic

Appraisal

Techniques:

Conventional

(PBB,

ARR).

roo.conveiltional

(NPV,

IRR, B/C

Ratio)

2

I

IMTO:

Principles,

Functions

and Trade

Related

Agteements

Intellectual

Froperty

R.ights:

Concept,

factors

leading

to

much

ernphasis

on

IPRs

protection, instruments

of

protection

2

Total

28

\

-377-

7/24/2019 Lectut HSS 01 PDF Course Outline HSS 01 Economics

2/2

11. Suggested

Books

-37'8-

S.No.

Author

(s)/

TitlelPublisher

-:

.

.

'-

-r,

Year

of

Publication

/Reprint

1.

Koutsoyiannis,

A.,

Mcidem

Microeconomics ,

Second

Edition,

Macmillon

2008

2

Baumol,

W.J. and

Blinder,

AS.

,

Microeconomics:

Th

d

Appligqlion

,

CengageLeqrning

krdia, Second

Indian

Reprint

2A11

a

J

Mankiv, N.G.,

Principle

of,Economics ,

Cengd

LffiEE

'Indi4Fifst,IndianReprint

,

.

,

,:

2012

4

Chandra

F., Financial

Managemenf',

Tata-McGaw

Hiif,

New

Delhi

2008

5

Rittenberg

L. and

Tregarthen

T., Principles

of

Macroeconomics,

Flat

V/orld

Knowledge,

Inc

2009

6

Bglqr4q

R.J.,

iMacroeconomics ,

Routledge,

London

2011