MICRO ECONOMICS-PRACTICAL

Paper Code:

CFSG 112

Credits:

Contact Hours:

30.00

Max. Marks:

100.00

Objective:

Course Outcomes (COs):

Course Outcomes	Learning and teaching strategies	Assessment Strategies
Upon successful completion of this course, the student will be able to: CO6 Describe how changes in demand and supply affect markets CO7 Understand the choices made by a rational consumer CO8 Integrate the concept of price and output decisions of firms under various market structures CO9 Analyze the causes and consequences of different market conditions CO10 Analyse the problems of factor markets and pricing.	Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments, Team teaching	Observation, Presentation, Report writing

Course Outcomes

Learning and teaching strategies

Assessment Strategies

Upon successful completion of this course, the student will be able to:

CO6 Describe how changes in demand and supply affect markets

CO7 Understand the choices made by a rational consumer

CO8 Integrate the concept of price and output decisions of firms under various market structures

CO9 Analyze the causes and consequences of different market conditions

CO10 Analyse the problems of factor markets and pricing.

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Team teaching

Observation, Presentation, Report writing

6.00

Case studies/Numerical problems based on Application and Elasticity of demand and supply

6.00

Case studies based on cardinal utility theory & ordinal utility theory (Indifference Curve) and Consumer surplus

6.00

Project work /Case studies/Numerical based on production and cost function. Case studies on Least cost Combination.

6.00

Project work based on Theory of firm and market organization. Numerical problems/case studies on revenue Analysis.

6.00

Project work/Case studies on Factor market and Factor Pricing

Essential Readings:

SUGGESTED TEXT BOOKS:
• Somdeo, Business Economics, RBD, Jaipur
• Mathur, N.D, Business Economics, Shivam Publication, Jaipur
• Business Economics Chaudhary,C.M ,RBSA, Jaipur
• Modern Business Economics,Jain,T.R,VKI Publications
• Fundamental of Business Economics, Mithani,D.M Himalaya publication house

SUGGESTED REFERENCE BOOKS:
• Business Economics Ahuja, H.L,s.chand& company ltd
• Business Economics-I (Micro)Chaturvedi D.D, brijwasi books distributers and publication
• Dwivedi D.N, Managerial Economics, Vikas Publications, Delhi
• Business Economics,Gillespie,Andrew
• Managerial Economics,Damodaran,Suma,oxford university press
• Managerial Economics : A problem Solving approach, Wilkinson, cengage learning
Salvatore, Dominick, Micro Economics, Oxford University Press, New York
• Seth, M. L., Principles of Economics, Laxmi Narain Agarwal, Agra

E-RESOURCES:
• Managerial economics: William F. Samuelsson, Stephen G. marks http://www.mim.ac.mw/books/Samuelson%20Managerial%20Economics%207e.pdf
• UG path Shala: https://epgp.inflibnet.ac.in/Home/ViewSubject?catid=0YyNXHI8GPO8SUQIuYNt...
• NPTEL Video: https://youtu.be/vLPpF0hunwc
• EPWRF India Time Series, www.epwrfits.in
• https://www.yourarticlelibrary.com/micro-economics
• https://www.investopedia.com/terms/m/microeconomics.asp
• https://www.slideshare.net/

REFERENCE JOURNALS:
• Economic and Political Weekly, www.epw.in
• Indian Journal of Finance
• The Economic Challenger
• https://fpibengaluru.karnataka.gov.in/info-2/FPI+Journal+-Aarthika+Charc...
• http://www.acta.sapientia.ro/acta-econ/economics-main.htm
• http://www.arpejournal.com/

Academic Year:

2023-2024