Description

Economics For Professional Careers – I

Mandatory

FYBCOM Semester I

Syllabus (As per NEP 2020) w.e.f. the Academic year 2024-2025

Module – 1 : Business Economics and Demand (15 Lec.)
♦ Meaning, Scope and Importance of Business Economics, Basic Problems of an Economy and Role of Price Mechanism
♦ Meaning and Determinants of Demand, Law of Demand, Increase and Decrease in Demand and Expansion and Contraction of Demand

Module – 2 : Consumer’s Behaviour and Supply (15 Lec.)
♦ Theory of Consumer’s Behaviour Marshallian Approach and Indifference Curve Approach
♦ Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply