lecture 1 course content

SHU416Economics: An Orientation to the Course – Content& Evaluation

Dr.Sunitha S, Assistant Professor, School of Management Studies, National Institute of Technology Calicut

Common Economic Jargons!!

Merger Fixed cost Break even FDI vs FII

GDP devaluation Pvt Ltd Inflation

Foreign exchange SENSEX FMCG Fiscal deficit

Taxes Depreciation cartels Pricing MIDCAP

Black money WTO disinvestment CPI

Liquidity ratio Debt ratio StagflationBOP crisis

hedging Arbitrage Venture capital

WHY??• Why some countries are richer while

others are poorer?• Why there are fluctuations in Rupee

against other currencies?• How do poor monsoons pull down

the SENSEX and NIFTY?• What is European crisis?• Why does value of Rupee going

down?

Topics to be discussed in the Course duration

Micro EconomicsMacro EconomicsMonetary EconomicsInternational EconomicsPublic Finance

Micro Economics• Demand Analysis:

– Elasticity of Demand & applications– Demand Forecasting

• Theories of Consumption and production

• Costs Concepts & behaviour• Economies of scale & scope• Pricing Strategies

– Market skimming, peak load pricing

• Market structure

• Pricing in different market structures

• Differential pricing

• Break even analysis

• Game theory

Macro Economics

National Income: Concepts & measurementGDP,GNP,NNP

inflation and Deflation

Fiscal & Monetary policies

Indian Industries: A Sectoral Analysis

Business CyclesRecession,Depression,Recovery,Boom/

Prosperity

Monetary system• Money Market

• Capital market

• Commercial Banks

• Development banks

• Role of RBI

International Economics• International trade• Foreign exchange market• Balance of Payments (BOP)

versus Balance of Trade (BOT)• Disequilibrium in BOP• Regulation of trade• Role of World Bank, IMF & WTO

Public Finance• Public expenditure

• Taxation: types

• Public Debt

• Budget

• Externalities

Course evaluation

• Test 1 and Test 2 (15 marks & 20 marks respectively)

• Quiz(10 marks)• End Semester exam (50 marks)

Internal Assessment• Mid term exam,Quiz

• Quiz could be open or closed book type.

• Type of questions range from objective type, numericals, case analysis, short answer type and essay type.

Books for Reference•Principles of Micro Economics,

(Gregory. N. Mankiw)•Economics,

Samuelson, P.A. and W.D. Nordhaus Managerial Economics: Peterson, Lewis

& Jain Micro Economics: Pyndick & Rubinfield•Books on Financial

Management/Monetary Economics by an Indian author

Additional books for reference would be informed later