JAI HIND COLLEGE

BASANTSING INSTITUTE OF SCIENCE

Affiliated to
University of Mumbai
Program: B.A.
Proposed Courses: Department of Economics Paper II: Intermediate
Microeconomic Theory and Paper III: Indian Economy and Contemporary
Issues-I
Credit Based Semester and Grading System (CBCS) with effect from the
academic year 2019-20
academic year 2018-19

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 S.Y.B.A. Economics Syllabus
Academic year 2019-2020
Semester III

Course Course Title Credits Lectures

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 Semester III – Theory
Course: Intermediate Microeconomic Theory (Credits : 3.5 Lectures/Week: 03)
AECO301
Objectives:
 To introduce basic quantitative tools for microeconomic analysis
 To create an understanding of producer’s behaviour
 To introduce concepts of costs, revenue and different market structures
Outcomes:
The Course is designed to develop the student’s understanding of some basic
quantitative tools of Microeconomic analysis. It builds on the material covered
in previous semester which focuses on consumers’ behaviour and introduces
them to theory of production, cost and revenue. It is designed to acquaint the
student with different market structures.
Use of Mathematical Techniques
1.Equations and Graphs 12 L
Unit I a) Linear Demand and Supply Curves
b) Taxes, Price elastic and straight line demand curves
c) Nonlinear Demand and Supply Applications
d) Budget Line, Isocost Line
2.Derivatives: Basic rules, concept of slope and optimization,
simple illustrations
Production Analysis
1. Production function: Concept; Law of Variable Proportions 11 L
Unit II 2. Isoquants and their properties; Law of Returns to Scale
3. Optimum factor combination using isocost and isoquant curves
Costs and Revenue Analysis
1. Theory of costs: Variable and fixed cost; Total, average and 11 L
marginal cost
Unit III 2. Behaviour of costs in the short run and the long run; long run
average cost curve and its derivation
3. Revenue analysis: Total, average and marginal revenue under
perfect and imperfect market conditions
4. Behavioural rules for profit maximization; Break-even point;
shut down point
Market Structures
Unit IV 1. Perfect competition: Meaning and features 11 L
2. Imperfect competition (monopolistic competition and
oligopoly): Meaning and features

References:
1. Dowling, Edward T. (2012). Introduction to Mathematical Economics, 3rd Edition,
Schaum's Outlines. USA: McGraw-Hill.
2. Lipsey, R. and Chrystal, A. (2011). Economics, 12th Edition. West Sussex: Oxford
University Press UK
3. Lipsey, Richard G. (1983). An Introduction to Positive Economics, 6th Edition,
ELBS. London: Weidenfeld and Nicolson.
4. Mankiw, N.Gregory (2018). Principles of Microeconomics, 8th edition. Stanford:
Cengage Learning.

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 5. Perloff, Jeffrey M. (2012). Microeconomics: Theory and Applications with Calculus.
Berkeley: Pearson
6. Samuelson, P. & Nordhous, W. (2011). Economics, 19th Edition. New Delhi: Tata
McGraw Hills.
7. Varian, Hal R. (2017). Intermediate Microeconomics-A Modern approach, 8th
Edition. New York: W.W.Norton & Co.

Evaluation Scheme

I. Continuous Assessment ( C.A.) - 40 Marks

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 Semester III – Theory
Course: Indian Economy and Contemporary Issues -I (Credits : 3.5
AECO302 Lectures/Week: 03)

Objectives:
 To introduce the students with the nature and complexity of the
Indian Economy.
 To make them aware about the contemporary issues/ recent
developments in the Indian Economy
Outcomes:
This course is designed to acquaint students with an understanding of economic
issues, data and their analysis. This course will help them to understand
historical background and connect it with today’s challenges.
Economic Growth
1. Changes in the growth of national income and per capita income 12 L
Unit I 2. Changes in the sectoral composition of national income
3. Problems of poverty and income inequality
4. Nature of unemployment
5. Changes in the occupational structure
Agriculture and Economy
1. Changing role of Agriculture — production and productivity 11 L
Unit II 2. National Agricultural Policy ( NAP 2000 )
3. Agricultural Marketing and Price Policy
4. WTO and Agriculture
5. Issues related to Food Security and Food Management
Industry and Economy
1. Industrial production and productivity 11 L
2. Index of Industrial Performance; Core Industries; Corporate
Unit III Sector performance
3. Significance of MSME and government policies
4. Special Economic Zones (SEZ)
5. WTO and Industry
Service Sector and Economy
Unit IV 1. Service sector in the process of economic development 11 L
2. Contribution of major services to GDP growth in India
3. FDI in India’s Service Sector
4. Role of Infrastructure in economic development
5. Tourism, IT, Real Estate, R&D, Space Services

References:
1) Kapila, Uma (2018). Indian Economy: Performance and Policies, 18th Edition. New
Delhi: Academic Foundation
2) Misra, S.K. and Puri, V.K. (2018). Indian Economy. Mumbai: Himalaya Publishing
House
3) Nayak, P., Goldar, B., and Agrawal, P. (2010). India’s Economy and Growth, Essays

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 in Honour of V.K. R.V. Rao. New Delhi: SAGE publications India.
4) Ruddar, Datt & Sundharam, K.P.M. (1990). Indian Economy. New Delhi: S. Chand.
5) Economic Survey of India, Government of India (2017-18)
6) Economics Research Surveys and Explorations (Vol 1, 2 and 3) published by ICSSR,
Oxford university Press (2015)
7) Economic & Political Weekly and other Journals for relevant Articles
Evaluation Scheme
I. Continuous Assessment ( C.A.) - 40 Marks
(i) C.A.-I : Test – 20 Marks of 40 minutes duration
(ii) C.A.-II : Assignment and presentation on selected topics such as (i) Regional
aspects of Indian industrialization, (ii) Economic openness and Indian agriculture,
(iii) Environmental concerns and Indian economy etc.

II. Semester End Examination ( SEE)- 60 Marks