ANDHRA UNIVERSITY
I BA (CBCS PATTERN) - SEMESTER SYSTEM
ECONOMICS
Semester - I
HOURS : 6 CREDITS : 6
Title : Micro Economics - I
UNIT I : Nature, definition and scope of Economics - Wealth, Welfare, Scarcity and modern definitions.
UNIT 2: Methodology in Economics - Micro and Macro; Static and Dynamic analysis; Normative and
positive science, Inductive and Deductive methods; Partial and General Equilibrium.
UNIT - 3: Utility analysis - Cardinal approach - Law of Diminishing marginal utility - Concept of consumers
surplus - law of Equi marginal utility.
UNIT - 4: Demand analysis - Law of demand - Elasticity of demand - measurement of elasticity of
demand - Price, Income and Cross Elasticities of demand.
UNIT -5: Indifference curve analysis - Properties of indifference curves - Price or budget line Equilibrium of consumer with the help of indifference curves.
TEXT BOOKS:
1. Telugu Academy - Micro Economics
2. A.U. S.D.E. Study Material - Micro Economics
3. Mithani & G.K.Murthy - Business Economics 2015
REFERENCES:
1. R.G. Lipsey and K.A.Chrysal - "Economics" Oxford University Press, 10/e 2009
2. P.A.Samuelson & W.D.Nordhaus - "Economics" Tata Mc.Graw Hill, 18/e, 2010
3. N.Gregory Mankiw - "Principles of Economics", Thompson, 4/e, 2013
4. H.L.Ahuja - "Advanced Economics theory" S.Chand, 2010
5. M.L.Seth - "Micro Economics", Laxmi Narayana Agrawal, 2012
6. Bilas, A. - "Micro Economic theory", International Student edition, Mc.Graw Hill, 1971
7. Dictionay of Economics - Oxford University Press.
ANDHRA UNIVERSITY
I BA (CBCS PATTERN) - SEMESTER SYSTEM
ECONOMICS
Semester - II
HOURS : 6 CREDITS : 6
Title : Micro Economics - II
UNIT I : Production function - Concept of Cobb-Douglas production function - Law of variable
proportions- law of returns to scale- Different cost concepts- Diagrammatic presentation cost
curves- Revenue concepts with diagrams.
UNIT 2: Perfect competition - Price determination and equilibrium under perfect competitionMonopoly - Price determination - Price discrimination.
UNIT - 3: Monopolistic competition - Price determination - Oligopoly - Kinked demand curve approach.
UNIT - 4: Marginal Productivity theory of distribution - Theories of wage determination - Wages and
collective bargaining - Concept of minimum wage.
UNIT -5: Ricardian theory of rent - Quasi rent concept of Alfred Marshall - Interest - Classical, NeoClassical and Keynesian theories - Profit - Dynamic, Innovations, Risk and Uncertainty theories.
TEXT BOOKS:
1. Telugu Academy - Micro Economics
2. A.U. S.D.E. Study Material - Micro Economics
3. Mithani & G.K.Murthy - Business Economics 2015
REFERENCES:
1. R.G. Lipsey and K.A.Chrysal - "Economics" Oxford University Press, 10/e 2009
2. P.A.Samuelson & W.D.Nordhaus - "Economics" Tata Mc.Graw Hill, 18/e, 2010
3. N.Gregory Mankiw - "Principles of Economics", Thompson, 4/e, 2013
4. H.L.Ahuja - "Advanced Economics theory" S.Chand, 2010
5. M.L.Seth - "Micro Economics", Laxmi Narayana Agrawal, 2012
6. Bilas, A. - "Micro Economic theory", International Student edition, Mc.Graw Hill, 1971
7. Dictionay of Economics - Oxford University Press.