Indian History-I

Product Code: ECONOENGSEM- I

Economics - I typically covers fundamental economic principles and theories. In the first semester, you might study topics like:

Introduction to Economics: Understanding the basic concepts, definitions, and scope of economics, including the difference between microeconomics and macroeconomics.
Demand and Supply: Analyzing the laws of demand and supply, market equilibrium, price determination, and the concept of elasticity.
Consumer Behavior: Studying the theories of utility, preferences, and the consumer's decision-making process.
Production and Costs: Exploring the factors of production, production functions, and different cost concepts in the short and long run.
Market Structures: Examining different types of markets like perfect competition, monopoly, monopolistic competition, and oligopoly.
National Income: Understanding the concepts of national income, GDP, GNP, methods of calculating national income, and related challenges.
Public Finance: Introduction to government revenue and expenditure, taxation, and budgetary concepts.

This course lays the foundation for understanding how economies operate and prepares you for more advanced economic studies in subsequent semesters.