DEPARTMENT OF ECONOMICS
INDIAN INSTITUTE OF TECHNOLOGY BOMBAY
EC 101: ECONOMICS July-Dec 2025
Teaching and Examination Schedule
MICROECONOMICS
Topic No. Title of the Topic
1 The Central Concepts of Economics
2 Concept of Opportunity Cost
3 Basic Elements of Supply and Demand
4 Supply and Demand: Elasticity and Applications
5 Demand and Consumer Behavior
Class- test in Micro Economics (10 % Weightage)
6 Production and Business Organization
7 Analysis of Costs
8 Analysis of Perfectly Competitive Markets
9 Imperfect Competition and Monopoly
10 Competition Among the Few firms
Mid-term Exam (40%)
MACROECONOMICS
Topic No. Title of the Topic
1 An Overview of Macroeconomics
2 Measuring a Nation’s Economic Activities National Income Accounting
3 Theories of Consumption and Investment
4 Aggregate Demand and Supply
Quiz (10% weightage)
5 The Multiplier Model
6 Money, Banking and Financial Markets
7 Monetary Policy Tools and Implications
8 Relationship Between Inflation, Unemployment and Growth
9 Introduction to Open Economy Macroeconomics
End semester Examination (40%)
Evaluation :
o Quiz 1 – 10%
o Mid-sem exam – 40%
o Quiz 2 – 10%
o End-sem exam – 40 %
Textbooks:
(1) Samuelson, Paul A. and William D. Nordhaus, Economics, 19th Special Indian Edition,
McGraw-Hill, New Delhi, 2010
(2) Mankiw, N.G., Principles of Economics, 4 th Edition, Thompson Learning
Teaching Arrangements (Faculty):
Instructors: Prof Tara Shankar Shaw: in the first half and Prof. Aditi Chaubal in the
second half.
Instructor SLOT
Venue
Micro Macro 9 MONDAY THURSDAY
LA002 TSS AC 3.30-4.55 PM 3.30-4.55 PM
Prof. Tara Shankar Shaw, Office- 504, A-91 Eco Hub, Department of Economics, Phone -7390 (O)
Email: tarashankarshaw@[Link], tarashankarshaw@[Link]
Prof. Aditi Chaubal, Office – 405, A-91 Eco Hub, Department of Economics, Email: aditichaubal@[Link]