UNIT
I
Nature and scope of Economics - Importance and uses
of Micro Economics - Nature of Statistics - Dynamics
Law of demand - utility analysis - Elasticity of demand
- consumer's surplus - indifference curve analysis.
UNIT
II
Theory of production - factor combination - marginal
rate of substitution - Returns to scale - producer's
equilibrium. Value - price determination - under different
market structures - Marginal productivity theory of
distribution - Theories of rent,wages,interest and profit.
UNIT
III
National income - measurement - difficulties - multiplier
- Accelerator - Inflation - deflation - Trade cycle.
UNIT
IV
Functions of money - Theories of money - Fisher and
Friedman. Functions of commercial Bank and Central Bank
- Monetary policy. Functions of money market - capital
market.
UNIT
V
Major fiscal functions - public expenditure - causes
and growth - Revenue structure - sources - Incidence
- and shifting process. Public debt - sources - techniques
of repayment - Fiscal policy.
UNIT
VI
International Trade - importance - balance of payments
difficulties - measures - absolute cost and comparative
cost theory - Free Trade vs protection policy - International
Liquidity - SDR - IMF - IBRD.
UNIT
VII
Economic thought of Adamsmith - Ricardo - Malthus -
Karl Marx - keynes - Ghandhiji.
UNIT
VIII
Economics of Development - features of Indian economy
and Tamil nadu economy - obstacles of development economic
and non-economic factors. Agriculture - Role and importance
- low productivity - causes - measures - Green Revolution
- Land Reforms - Development in India and Tamil nadu.
UNIT
IX
Industry - Large scale and Small Scale Industries. Development
in India and Tamil Nadu. Industrial policy - 1948,1956,1991
- Industrial disputes - measures.
UNIT
X
National & State planning - 5 year plans - objectives
and achievements - population policy Human Resouce Development
- Empolyment schemes and poverty alleviation programme
in India and Tamil Nadu - Rural Industrialisation -
SIDCO - DIC - Industrial Estates - Role of Transport.
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