Fundamentals of Economics subject from Anna University based on regulation 2021. In this article, we would like to discuss the syllabus for semester III of the B.Tech Computer Science and Business Systems.
We are glad to provide the syllabus to the students to assist them during academic examinations. The subject code CW3301 – Fundamentals of Economics unit-wise syllabus will help you to prepare well for examinations. I hope this information is useful. Never forget to share with your classmates.
If you want to know more about the B.Tech Computer Science and Design Engineering Syllabus connected to an affiliated institution’s four-year undergraduate degree program. We provide you with a detailed Year-wise, semester-wise, and Subject-wise syllabus in the following link B.Tech Computer Science And Design Engineering Syllabus Regulation 2021 Anna University.
Aim Of Concept:
- To exemplify the demand curves of households and supply curves of firms with the principles.
- To differentiate Price ceilings, Price floors and compare income effects, substitute effects
- To Analyze the Keynesian’s process of multiplier theory in macro economics
CW3301 – Fundamentals of Economics Syllabus
Unit I: Introduction To Micro Economics
Introduction to Economics – Themes of Economics – Micro Vs Macro Economics- Demand curves and supply curves- Elasticity of Demand – Elasticity of Supply- Demand Curves of Households and firms.
Unit II: Welfare Analysis
Consumers and Producers Surplus- Price Ceilings and Price Floors; Consumer Behavior – Axioms of Choice-Budget Constraints and Indifference Curves; Consumers Equilibrium Effects of a Price Change, Income and Substitution Effects Derivation of a Demand Curve
Unit III: Production And Cost Function
Theory of Production – Production Function and Isoquants – Cost Minimization; Cost Curves Total, Average and Marginal Costs – Long Run and Short Run Costs; Equilibrium of a Firm under Perfect Competition; Monopoly and Monopolistic Competition
Unit IV: Macro Economics
National Income and its Components – GNP, NNP, GDP, NDP Consumption Function; Investment; Simple Keynesian Model of Income Determination and the Keynesian Multiplier; Government Sector -Taxes and Subsidies; External Sector – Exports and Imports; Money -Definitions; Demand for Money Transaction and Speculative Demand; Supply of Money – Banks Credit Creation Multiplier; Integrating Money and Commodity Markets – IS, LM Model
Unit V: Business Cycles And Stabilization
Monetary and Fiscal Policy – Central Bank and the Government; the Classical Paradigm – Price and Wage Rigidities – Voluntary and Involuntary Unemployment.
Text Books:
- Paul Anthony Samuelson, William D. Nordhaus, Economics, Nineteenth Edition, Mc GrawHill Education, 2010.
- N. Gregory Mankiw, Principles of Macroeconomics, Seventh Edition, Cengage Learning, 2018.
- Pindyck, Robert S and Daniel L. Rubinfeld, Micro Economics, Eighth Edition, 2013.
References:
- Dornbusch, Fischer and Startz, Macroeconomics, Tenth Edition, Tata Mcgraw Hill, 2012.
- Hal R, Varia, Intermediate Microeconomics: A Modern Approach, Eighth Edition Affiliated East-West Press, 2006.
Related Posts On Semester – IV:
- MA3391 – Probability and Statistics
- CS3492 – Database Management Systems
- AL3452 – Operating Systems
- AL3451 – Machine Learning
- GE3451 – Environmental Sciences and Sustainability
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