Shape of average cost, marginal cost, total cost etc. Various concepts of cost - Fixed cost, variable cost, average cost, marginal cost, money cost, real cost opportunity cost. UNIT-IV Meaning of production and factors of production Law of variable proportions, Returns to scale, Internal and External economics and diseconomies of scale. UNIT-III Meaning of Demand, Individual and Market demand schedule, Law of demand, shape of demand curve, Elasticity of demand, measurement of elasticity of demand, factors effecting elasticity of demand, practical importance & applications of the concept of elasticity of demand. UNIT-II Concepts and measurement of utility, Law of Diminishing Marginal Utility, Law of equi-marginal utility - its practical application and importance. Relation between Science, Engineering, Technology and Economics. UNIT-I Definition of Economics - various definitions, Nature of Economic problem, Production possibility curve Economic laws and their nature. Stimulate him to think systematically and objectively about contemporary economic problems. Acquaint the student in the basic economic concepts and their operational significance and 2. COURSE OBJECTIVE : The purpose of this course is to : 1. HUM-201-E ECONOMICS (COMMON FOR ALL BRANCHES) L T P Class Work : 50 Marks 3 1 - Theory : 100 Marks Total : 150 Marks Duration of Exam.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |