Paper IV: ESSENTIAL ECONOMICS FOR MANAGEMENT (EEM) Course Objective: The course aims to familiarize the students with

basic concepts of Micro Economic theory and its applications, inter linkages between crucial Macro Economic variables and present scenario of Indian and International economic environment. Course Content: Micro Economics: Definition & Scope of Economics: Utility Analysis, Demand Function, Demand Estimation& forecasting ,Production Function ,Diminishing Marginal Return, Return to Scale, Various Cost Concepts, Cost function ,Economies of Scale, Economies of Scope, Price and output determination under Perfect Competition., Monopoly, Monopolistic competition and Oligopoly. Macro Economics: Measurement of national income, Inflation, Measurement of Inflation, GDP Deflator, WPI, CPI , Money Supply and Money Multiplier, Concept of Consumption Saving and Investment function, Business cycle: causes and consequences, Fiscal and Monetary Policy, Balance of payment. Indian & International Economics: Basic characteristics of Indian Economy, Poverty, Inequality& Unemployment in India and Odisha, Agricultural Development: Slow growth of Agricultures, Investments& Subsidies in Indian Agriculture, Indian Industry: Public Sector, Private sector, MSMEs, FDI in India, Globalization, MNC, WTO Economics of Development& Planning. Economic Development and Economic Growth, Human Development, Lewis Model, Balanced &Unbalanced Growth Theories. Economic Planning,, Objective, Achievement and Strategy of Indian Planning. Books & Reference: 1. Dholokia and oza(1999),microeconomics for Management Students,2nd Editon.Oxford. 2. Koutsoyiannis, A(1975), Modern Microeconomics Macmillian Press. 3. Mankiw,N.G (2006), “Principles of Microeconomics” Cengage Learning 4. Meheta, P.L (1999) ,” Managerial Economics” Sultan Chand & Sons 5. Pinyck & Rubinfeld, Mehta, P.L. (2009), “Microeconomics”,7th edition, Prentice hall. 6. Salvatore (S). (2009), “Principles of Microeconomics”, 5th edition, Oxford University Press 7. Gupta, G.S (2007), “Microeconomics”3rd edition, Tata McGraw Hill,New Delhi. 8. Mankiw, N.Gergory (2007), “Principles of Microeconomics”, Thomson, southWestren. 9. Dornbusch,Fisher, and Startz (2005), “Microeconomics”, 9th Edition, Tata McGraw hill. 10.Dwivedi D.N (2007), “Microeconomics Theory and Policy”, 2nd Edition, Tata McGraw hill. 11.D’Souza, E (2008), “Microeconomics”Pearson Education. 12.Economic Survey-2009-10, Oxford Education. 13.Economic Survey of Orissa-2009-10

E – Microeconomics.nineteenth edition 2008-09.122-164). In growth & development with special reference to developing economies (pp.Shapiro.uma kapila. A.Thirlwall. theories of economic growth: why growth rate differ between countries.K.LEKHI .Indian economy bymishra & puri. 19.Indian economy since independence.Rudder Dutt &Sundharam –Indian Economy. 15. 18.Economics for Development by R. 2006).14. 16. S Chand 17.P .new York :Palgrave Macmillan.

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