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    Principles of Economics PDF

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    Aakarshak Nandwani
    This document outlines a course on Principles of Economics for semester III/IV students. The course is worth 2 credits and covers 8 units over 15 teaching hours. The units cover basic economic concepts, demand and supply, production costs, market structures, macroeconomics, banking, inflation, and international trade. By completing the course, students will be able to interpret basic economic principles, relate economics to engineering practices, and infer macroeconomic aspects of projects. Self-study will account for 10% of the course assessment. Suggested reading materials are also provided.

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    Download as PDF, TXT or read online from Scribd

    Principles of Economics PDF

    Uploaded by

    Aakarshak Nandwani
    112 views2 pages
    This document outlines a course on Principles of Economics for semester III/IV students. The course is worth 2 credits and covers 8 units over 15 teaching hours. The units cover basic economic concepts, demand and supply, production costs, market structures, macroeconomics, banking, inflation, and international trade. By completing the course, students will be able to interpret basic economic principles, relate economics to engineering practices, and infer macroeconomic aspects of projects. Self-study will account for 10% of the course assessment. Suggested reading materials are also provided.

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    Principles-of-Economics.pdf

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    This document outlines a course on Principles of Economics for semester III/IV students. The course is worth 2 credits and covers 8 units over 15 teaching hours. The units cover basic economic concepts, demand and supply, production costs, market structures, macroeconomics, banking, inflation, and international trade. By completing the course, students will be able to interpret basic economic principles, relate economics to engineering practices, and infer macroeconomic aspects of projects. Self-study will account for 10% of the course assessment. Suggested reading materials are also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    112 views2 pages

    Principles of Economics PDF

    Uploaded by

    Aakarshak Nandwani
    This document outlines a course on Principles of Economics for semester III/IV students. The course is worth 2 credits and covers 8 units over 15 teaching hours. The units cover basic economic concepts, demand and supply, production costs, market structures, macroeconomics, banking, inflation, and international trade. By completing the course, students will be able to interpret basic economic principles, relate economics to engineering practices, and infer macroeconomic aspects of projects. Self-study will account for 10% of the course assessment. Suggested reading materials are also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    NIRMA UNIVERSITY

    Institute of Technology
    B. Tech. - All Branches
    Semester III/IV
    Semester III/IV
    L T P C
    2 0 0 2

    Course Code HSXXX


    Course Title Principles of Economics

    Course Learning Outcomes (CLO):

    At the end of the course, students will be able to-

    1. interpret the various basic economic principles


    2. relate the economic fundamentals with engineering practices
    3. infer the macro-economic aspects of engineering projects

    Syllabus: Teaching hours:

    Unit I 3
    Basic Economic Concepts: Needs, wants, means/resources – marginal
    principle and economic efficiency, trade - off, opportunity cost, rationality,
    externalities, differences between micro economics and macro economics
    Unit II 3
    Demand and Supply: Meaning and determinants of demand and supply, law of
    demand and law of supply equilibrium between demand and supply.. The concept
    of elasticity – meaning and types
    Unit III 3
    Production, Cost and Revenue: Production function, law of variable
    proportion and laws of returns to scale, different types of costs – variable cost,
    fixed cost, total cost, average cost, average fixed cost, average variable cost and
    marginal cost, Total revenue, average revenue and marginal revenue, profit
    function
    Unit IV 6
    Market Structures & Pricing: Concept of market and equilibrium-
    characteristics of perfect competition, monopoly, monopolistic competition and
    oligopoly–price determinations
    Unit V 7
    Macro-Economic Environment: Basic macro- economic concepts –aggregate
    demand aggregate supply, money, income employment consumption savings and
    investment. National Income Accounting-concepts and methods of national income
    – recent changes in the methodology of national income accounting

    w.e.f. academic year 2019-20 and onwards


    Unit VI
    Banking: Meaning and functions of commercial banks and central bank 3
    Unit VII 2
    Inflation: Meaning, and types of inflation, Causes and effect of inflation on
    different sectors of the economy
    Unit VIII 3
    International Trade: Meaning and significance of International Trade, Cases
    for and against globalization. World Trade Organization (WTO) – functions and
    recent deliberations in World Trade Organization (WTO )

    Self -Study:
    The self -study contents will be declared at the commencement of semester. Around 10% of the
    questions will be asked from self-study contents.

    Suggested Readings^:
    1. Mankiw, N. G. Principles of Economics. Mason. Mason,USA: South-Western Cengage Learning.
    2. Samuelson P. A. & Nordhaus, W.D. Economics. India: Tata McGraw Hill Education.
    3. Pindyck, R.S., Rubinfeld, D. L. & Mehta, P. L. Micro Economics. New Delhi, India: Pearson.
    4. Ahuja H.L. Modern Economics. New Delhi,India: S. Chand & Company Ltd.
    5. Dornbusch, R., Fisher, S, & Startz, R. Macro Economics. India: Tata McGraw Hill Education.
    6. Gupta, G. S. Macro Economics Theory and Applications. India:Tata McGraw Hill.

    L =Lecture, T =Tutorial, P= Practical, C=Credit

    ^ this is not an exhaustive list

    w.e.f. academic year 2019-20 and onwards

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