C.U. B.Com Syllabus Sem 1 Microeconomics
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This document outlines the contents and structure of a Microeconomics I & Statistics course. The course is worth 100 total marks, with 20 marks allocated to internal assessment and 80 marks allocated to semester-end examinations. The course is divided into 3 units covering microeconomics topics: demand and consumer behavior (50 marks), production and cost (50 marks), and perfect competition (50 marks). Each unit lists the topics covered, their length in class hours, and number of marks allocated on the semester-end exam. Suggested reading materials are also provided.
![CONTENTS
GE 1.1 Chg
Microeconomics I & Statistics (50+50)
Marks: 100
Internal Assessment: 20 marks
Semester-end Examinations: 80 marks
Total 100 marks
Marks shown against the units indicate marks for Semester–end Examinations
Module I: Microeconomics I
Internal Assessment: 10 marks
Semester-end Examinations: 40 marks
Total 50 marks
Unit:I Demand and Consumer behaviour
Concept of demand, demand function, law of demand, derivation of individual and market demand
curves, shifting of the demand curve; elasticity of demand.
Consumer behaviour: Marshallian utility approach and Indifference Curve approach; utility
maximization conditions . Income-Consumption Curve (ICC) and Price-Consumption Curve (PCC):
Derivation of demand curve from PCC.
[L-15/Marks:15]
Unit: II Production and Cost
Production function: Short-run and Long-run; Relation among Total Product, Average Product and
Marginal Product, Law of returns to a variable factor, Law of Returns to Scale; Concepts of Iso-quant
and iso-cost line; Conditions for optimization (graphical approach).
Cost: Accounting and Economic Costs; Social and Private Costs; Short-run and Long-run Costs;
Relation between Average and Marginal Costs; Determination of LAC curve from SAC curves, LMC.
[L-10/Marks:10]
Unit: III Perfect Competition
Concept of Perfectly Competitive market: Assumptions, Profit maximization conditions;
Related concepts of Total Revenue, Average Revenue and Marginal Revenue, Short-run and Long-
run
equilibrium of a firm; determination of short-run supply curve of a firm, measuring producer
surplus under perfect competition, Stability analysis– Walrasian and Marshallian, demand-
supply analysis including impact of taxes and subsidy.
[L-15/Marks – 15]
Suggested Readings
• Pindyke and Rubinfeld, Micro Economics, Pearson
• Gould & Ferguson, Micro Economic Theory
• Banerjee & Majumdar, Business Economics and Business Environment, ABS
• Banerjee & Majumdar, Banijjik Arthaniti –o- Banijjik Paribesh(Bengali)
• Dwivedi, D.N., Managerial Economics, Vikash Publications
• Mankiw.N.G., Principles of Microeconomics, Cengage
• Das, P. & Sengupta A., Economics , Oxford
• Samuelson & Nordhaus, Macroeconomics, McGraw Hill](https://image.slidesharecdn.com/cub-180727184841/85/C-U-B-Com-Syllabus-Sem-1-Microeconomics-1-320.jpg)
C.U. B.Com Syllabus Sem 1 Microeconomics
- 1. CONTENTS GE 1.1 Chg Microeconomics I & Statistics (50+50) Marks: 100 Internal Assessment: 20 marks Semester-end Examinations: 80 marks Total 100 marks Marks shown against the units indicate marks for Semester–end Examinations Module I: Microeconomics I Internal Assessment: 10 marks Semester-end Examinations: 40 marks Total 50 marks Unit:I Demand and Consumer behaviour Concept of demand, demand function, law of demand, derivation of individual and market demand curves, shifting of the demand curve; elasticity of demand. Consumer behaviour: Marshallian utility approach and Indifference Curve approach; utility maximization conditions . Income-Consumption Curve (ICC) and Price-Consumption Curve (PCC): Derivation of demand curve from PCC. [L-15/Marks:15] Unit: II Production and Cost Production function: Short-run and Long-run; Relation among Total Product, Average Product and Marginal Product, Law of returns to a variable factor, Law of Returns to Scale; Concepts of Iso-quant and iso-cost line; Conditions for optimization (graphical approach). Cost: Accounting and Economic Costs; Social and Private Costs; Short-run and Long-run Costs; Relation between Average and Marginal Costs; Determination of LAC curve from SAC curves, LMC. [L-10/Marks:10] Unit: III Perfect Competition Concept of Perfectly Competitive market: Assumptions, Profit maximization conditions; Related concepts of Total Revenue, Average Revenue and Marginal Revenue, Short-run and Long- run equilibrium of a firm; determination of short-run supply curve of a firm, measuring producer surplus under perfect competition, Stability analysis– Walrasian and Marshallian, demand- supply analysis including impact of taxes and subsidy. [L-15/Marks – 15] Suggested Readings • Pindyke and Rubinfeld, Micro Economics, Pearson • Gould & Ferguson, Micro Economic Theory • Banerjee & Majumdar, Business Economics and Business Environment, ABS • Banerjee & Majumdar, Banijjik Arthaniti –o- Banijjik Paribesh(Bengali) • Dwivedi, D.N., Managerial Economics, Vikash Publications • Mankiw.N.G., Principles of Microeconomics, Cengage • Das, P. & Sengupta A., Economics , Oxford • Samuelson & Nordhaus, Macroeconomics, McGraw Hill