Semester Courses/Calcutta University BA (Hons) Economics/DSCC1
DSCC1CU · Semester 1
Microeconomics I
CU Semester 1 — Scope and method of economics, demand and supply, utility, production, and principles of microeconomics.
Course Syllabus
- Scope and Method of Economics: wants, scarcity, competing ends, and choice
- Defining economics; thinking like an economist: basic economic questions
- Households and firms; demand and supply
- Basic concepts of utility and production
- Production function; definition of average and marginal product
- Microeconomics vs. macroeconomics; normative vs. positive economics
- Principles of individual decision making; principles of economic interactions
- Trade-offs and opportunity cost; efficiency, marginal changes, and cost-benefit
- Interdependence and gains from trade: production possibilities frontier and increasing costs
- Absolute and comparative advantage
- Market failure, externality, and market power
Reference Books
- Mankiw, N. G. Principles of Microeconomics. South-Western Cengage Learning.
- Stiglitz, J. E., & Walsh, C. E. Economics. W.W. Norton & Company.
Who Will Teach You
S
Samkith Sir
SXC, ISI MSQe Topper
M
Mahima Ma'am
SRCC, DSE, NET Qualified
I
Insiya Ma'am
ISI, MSQe
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