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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