ECONOMICS
(HUMANITIES
GROUP)
Time : 3 Hours Theory:
70 Marks CCE:
30 Marks
Total:
100 Marks
STRUCTURE
OF QUESTION PAPER
1.
The Question Paper will cover whole of the prescribed syllabus.
2.
All
Questions will be compulsory.
3.
The
questions paper will comprise of 15 questions in total.
4.
The
question paper will have 3 Sections A, B & C.
SECTION
A
This section will consist of Q. No. 1
which will be objective type consisting of 12 sub parts (i.e. 6 questions from
Part A and 6 questions from Part B of syllabus). Each sub part carry 1 mark.
Objective type questions may include questions with one word to one sentence
answer/fill in the blank/true or false/multiple choice type questions.
SECTION
B
This section will consist of 10 short
answer type questions (i.e. 4 questions from Part A and 6 questions from Part B
of syllabus) carrying 3 marks each. Answer of each question should be given in
50-60 words. Out of 6 questions from Part-B one question will be numerical.
SECTION
C
This section will consist of 4 long
answer type questions (i.e. 2 questions from Part A and 2 questions from Part B
of syllabus) with internal choice carrying 7 marks each. Answer of each
question should be given in 200-250 words. Out of 2 questions from Part-B one
question will be numerical.
Syllabus
|
Units
|
Sec A
1 Mark Questions
|
Sec B
3 Mark Questions
|
Sec C
7 Mark Questions
|
Total
Marks
|
PART - A
Micro Economics
|
1
2
3
4
|
1
2
2
1
|
1
1
1
1
|
1 Q
from Unit 1 & 2
1 Q
from Unit 3 & 4
|
32
|
PART – B
Macro Economics
|
5
6
7
8
9
|
1
1
1
2
1
|
1
2
1
1
1
|
1 Q
from Unit 5 & 6
1 Q
from Unit 7, 8 & 9
|
38
|
Total
|
9
|
12
|
10
|
4
|
70
|
SYLLABUS
PART-A
(INTRODUCTORY MICRO ECONOMICS)
Unit–1
INTRODUCTION
Micro Economics: Meaning; Difference between Micro and
Macro Economics, Central Problems of an Economy, Production Possibility Curve
and Opportunity Cost.
Unit-2 CONSUMER
BEHAVIOUR AND DEMAND
i.
Consumer’s
Equilibrium:- Meaning, Attainment of equilibrium through Utility Approach (one
and two commodity case).
ii.
Theory
of Demand: Meaning of Demand, Types of Demand: Individual and Market Demand,
Determinants of Demand, Demand Schedule, Demand Curve, Movement along and shift
in Demand Curve.
iii. Price Elasticity of
Demand: Measurement of Price Elasticity of Demand- Percentage, Total
expenditure and Geometric method.
Unit-3 PRODUCER BEHAVIOUR AND SUPPLY
i.
Production-Meaning,
Concept of Production, Function: Returns to Factor and Returns to Scale.
ii.
Theory
of Supply: Meaning of Supply, Types of Supply: Individual and Market Supply,
Determinants of Supply, Supply Schedule, Supply Curve, Law of Supply, Movement
along and shifts in supply curve, Price Elasticity of Supply, Measurement of
Price Elasticity of Supply; Percentage and geometric method.
iii.
Concepts
of Costs: Short Run Cost Curves; Fixed and Variable Costs, Total, Average and
Marginal Costs.
Concepts of Revenue: Total, Average and
Marginal Revenue and their relationship.
iv.
Producer’s
Equilibrium with the help of MC and MR.
Unit-4 FORMS OF MARKET AND PRICE DETERMINATION
i.
Forms
of Market: Perfect Competition, Monopoly, Monopolistic Competition-Their
Meaning and Features.
ii.
Price
Determination under Perfect Competition- Equilibrium Price, Effect of shifts in
Demand and Supply.
PART-B (INTRODUCTORY MACRO ECONOMICS)
Unit-5 NATIONAL
INCOME AND RELATED AGGREGATE
i.
Basic
Concept and Measurement of National Income (introduction only)
ii.
Macro
Economics: Meaning, Circular flow of Income,
Concepts
of GDP, GNP, NDP, NNP (at market price and factor cost), National Disposable
Income (Gross & Net); Private Income, Personal Income and Personal
Disposable Income.
iii.
Measurement
of National Income-Value Added Method, Income Method & Expenditure Method
Unit-6 DETERMINATION
OF INCOME AND EMPLOYMENT.
i.
Aggregate
Demand, Aggregate Supply and their Components.
ii.
Propensity
to Consume and Propensity to Save (Average and marginal).
iii.
Meaning
of Involuntary-Unemployment, Concept of Full Employment.
iv.
Determination
of Equilibrium level of Income and Employment-Two sector model.
v.
Concept
of Investment Multiplier and its working.
vi.
Problems of excess and deficient Demand. Measures to
correct excess and deficient Demand, Availability of Credit, Change in
Government Spending.
Unit-7
MONEY AND BANKING
i.
Money:
Meaning, Evolution and Functions.
ii. Central Bank:
Meaning and Functions.
iii. Commercial Banks:
Meaning and Functions.
iv. Recent significant
reforms and issues in Indian Banking System; Privatisation and Modernization.
Unit-8 GOVERNMENT
BUDGET AND THE ECONOMY
i.
Government
Budget. Meaning and its Components, Objectives of Government Budget.
ii.
Budget
Receipts – Revenue Receipts and Capital Receipts.
iii.
Budget
Expenditure-Revenue and Ca pital Expenditure, Plan and Non-Plan Expenditure and
Development and Non-Development Expenditure.
iv.
Balance
Budget, Surplus Budget and Deficit Budget: Their Meaning and Implications;
Types of Deficit Budget-Revenue Deficit, Fiscal Deficit and Primary Deficit(meaning
and implications); Measures to contain different Deficits. Downsizing the role
of Government: Meaning and Implications.
Unit-9 BALANCE OF
TRADE AND BALANCE OF PAYMENTS.
i.
Foreign Exchange Rate: Meaning, Fixed and Flexible
Exchange Rate System-Meaning, Merits and Demerits.
ii.
Determination
of Flexible Exchange Rate System through Demand and Supply.
iii.
Balance
of Payment Accounts; Meaning and Components.
iv.
A
brief analysis about recent exchange rate issue.