Economics

Economics is the study of how societies allocate scarce resources to meet their needs and desires. It examines production, distribution, and consumption, offering insights into decision-making processes at individual, national, and global levels. Evolving from classical theories like Adam Smith’s Wealth of Nations to modern approaches addressing globalization and technological advancements, economics remains pivotal in shaping policies and solving contemporary challenges like poverty, inflation, and unemployment.

Indian universities emphasize diverse aspects of economics, including microeconomics, macroeconomics, developmental economics, and international trade. Indian economics highlights agriculture, industries, and policies shaping the nation’s progress, while the world economy focuses on globalization, trade, and international relations.

At ‘studentsfree.in,’ we provide resources tailored to these syllabi, helping students grasp theoretical concepts and their real-world applications. Our curated notes, videos, and study materials bridge the gap between academic learning and practical understanding, empowering students to excel and contribute to the economic growth of their communities and beyond.

Economics is the study of how societies allocate scarce resources to meet their needs and desires. It examines production, distribution, and consumption, offering insights into decision-making processes at individual, national, and global levels. Evolving from classical theories like Adam Smith’s Wealth of Nations to modern approaches addressing globalization and technological advancements, economics remains pivotal in shaping policies and solving contemporary challenges like poverty, inflation, and unemployment.

Indian universities emphasize diverse aspects of economics, including microeconomics, macroeconomics, developmental economics, and international trade. Indian economics highlights agriculture, industries, and policies shaping the nation’s progress, while the world economy focuses on globalization, trade, and international relations.

At ‘studentsfree.in,’ we provide resources tailored to these syllabi, helping students grasp theoretical concepts and their real-world applications. Our curated notes, videos, and study materials bridge the gap between academic learning and practical understanding, empowering students to excel and contribute to the economic growth of their communities and beyond.

Universities of Karnataka
Sl.No University Location
1 University of Mysore Mysuru
2 Karnataka University Dharwad
3 Bangalore University Bengaluru
4 Mangalore University Mangaluru
5 Gulbarga University Kalaburagi
6 Kuvempu University Shivamogga
7 Kannada University Hampi
8 Karnataka State Open University Mysuru
9 Karnataka State Akkamahadevi Women’s University Vijayapura
10 Tumkur University Tumakuru
11 Davangere University Davanagere
12 Rani Channamma University Belagavi
13 Vijayanagara Sri krishnadevaraya University Ballari
14 Bengaluru City University Bengaluru
15 Bengaluru North University Kolara
16 Maharani Cluster University Bengaluru
17 Mandya Unitary University Mandya
18 Nrupathunga University Bengaluru
19 Raichur University Raichur
20 Koppala University Koppala
21 Chamarajanagara University Chamarajanagara
22 Bagalkote University Bagalkote
23 Bidar University Bidar
24 Haveri University Haveri
25 Hassan University Hassan
26 Kodagu University Kodagu

 

Universities Syllubus
Kuvempu University

PRINCIPLES OF MICROECONOMICS

Module-1: The Fundamentals of Economics

Meaning of Economics Microeconomics: Meaning Limitations Basic Problems of an Economy Production Nature and Scope Importance and Possibility Curves.

Module-2: Consumer Behaviour

Cardinal Analysis: the Concept of Utility- the Law of Diminishing Marginal Utility- Law of Equi Marginal Utility - Theory of Consumer's Surplus.

Ordinal Analysis: Indifference Curves Meaning Indifference Schedule Indifference Map - Properties of Indifference Curves - Consumers' Equilibrium-Price Effect

Module-3: Theory of Demand and Supply

Demand: Meaning. Determinants of Demand, the Demand Schedule the Law of Demand Exceptionsto the Law of Demand Elasticity of Demand: Meaning- Types: Price, Income and Cross Elasticity -Measurement of Price Elasticity of Demand.

Supply: Meaning, The Law of Supply, Determinants of Supply.

Module-4: Production, Cost and Revenue

Production Function-The Law of Variable Proportions -The Law of Returns to Scale.

Concepts of Costs, Short-Run and Long-Run Cost Curves.

Concepts of Revenue: Total, Average and Marginal Revenue Curves.

Module-5: Price and Output Determination under Different Markets

Markets and Role of Time Element

Features, Price and Output Determination under:

1. Perfect Competition

2. Monopoly: Price Discrimination

3. Monopolistic Competition

4. Oligopoly: Types

PRINCIPLES OF MACROECONOMICS

Module-1: An Overview of Macroeconomics

Macroeconomics: Meaning, Types and Scope Macroeconomics, Stocks, Flow and Equilibrium Importance and Limitations Basic Concepts of National Income: Concepts: GDP, GNP, NDP, NNP. NI, PI, DPI and Per capita Income - Circular Flow of Income.

Module-2: Classical Theory of Employment

Assumptions of Classical Theory Say's Law of Market Wage Price Flexibility (Pigou's Version) Saving and Investment Equality Employment. Evaluation of the Classical Theory of Employment

Module-3: Keynesian Theory of Income and Employment

Concepts of Effective Demand and its Determinants.

Equilibrium Level of Income and Employment.

Consumption Function: Factors Affecting Consumption Function, Psychological Law of Consumption

Investment Function: Factors Affecting Investment Function. Multiplier and Accelerator.

Module-4: Inflation, Deflation and Business Cycle

Inflation: Meaning, Types, Causes and Effects

Deflation: Meaning. Types, Causes and Effects

Business Cycle: Meaning, Types, Phases and Measures to Control Business Cycle.

Module-5: Macroeconomic Policy

Monetary Policy: Objectives and Importance Quantitative and Qualitative Measures of Credit Control.

Fiscal Policy: Objectives and Importance Tax, Expenditure, Debt and Budgetary Measures.

Bangaluru University

Micro Economics

Module I: Demand Analysis and Consumer Behaviour

Demand Demand Meaning. Elasticity of Demand - types, Measurement of Elasticity of demand - Total Expenditure method. Demand Forecasting-Meaning, objectives importance - Techniques of demand forecasting - Survey & statistical methods - trend projection method (least square method) Consumer's Surplus Importance and Limitations - Indifference Curve Analysis - meaning properties Consumer's Equilibrium Concept of Consumer's Sovereignty-meaning.

Module II: Concept of Cost and Revenue

Cost-Economic Analysis - Concepts of cost - Fixed Cost - Variable cost - Total, Average & Marginal Costs - Short run and Long Run Cost Curves. - Distinction and relations between different cost curves and their analysis; U and L shapes of average cost curves; Revenue analysis-Concepts of revenues, Relation between AR & MR Curves, equilibrium analysis - Total cost and total revenue approach, marginal cost and marginal revenue approach, Recent Development

Module III: Theory of Production and Costs

Production - meaning, Production decisions; Production function; Iso- quant; Factor substitution; law of variable proportions; returns to scale; economies of scale; Internal & External economies to scale., Optimizing behaviour in short run (product curves, law of diminishing margin productivity, stages of production); optimizing behaviour in long run (isoquants, isocost line, optimal combination of resources); traditional theory of cost (short run and long run); modern theory of cost.

Module IV: Market Structures and Factor Pricing 

Perfect competition: basic features, short run equilibrium of firm/ industry, long run equilibrium of firm/industry, monopoly: basic features, short run equilibrium, long run equilibrium, comparison with perfect competition, welfare cost of monopoly; price discrimination; monopolistic competition: basic features, demand and cost, short run equilibrium, long run equilibrium, excess capacity; oligopoly kinked demand curve model,

Marginal productivity theory of distribution; Theories of wage determination; Wages and collective bargaining; Wage differentials; Rent Scarcity rent; Differential rent; Quasi rent; Interest Classical and Keynesian theories; Profits Innovation, risk and uncertainty theories.

Module V: Welfare Economics

Problems in measuring welfare; Neo Classical welfare economics and consumer Surplus; Pareto's criteria; new welfare economics compensation principle, Kaldor- Hicks's welfare criterion, Scitovsky Paradox, Scitovsky double criterion, social welfare function- Bergson Samuelson social welfare function.

Macro Economics

Module 1: Introduction and National Income accounting

Nature of Macroeconomics and its significance, Indicators of Macro Economic Activity Stock and flow variables. Measurement of Macro Variables and Economic Performance: National Income Accounting - Important Concepts: GNP, GDP, NNP, NDP, NI, PI, DPI- Real GDP versus Nominal GDP- GDP deflator- Method of estimating National IncomeExpenditure Method- Income Method-Value added or Net Product methodDifficulties in National Income Accounting- Trends in GDP in India -GNP and Quality of Life - Net Economic Welfare - Green Income.

Module 2: Classical and Keynesian Macroeconomics

Classical Theory: Introduction to classical theory of employment - Basic Assumptions of the Classical School- Say’s law of Market- Determinants of Output, Employment, Savings, Investment, Wages, Prices, Interest Rate - Equilibrium Output and Employment-Implications of Classical FullEmployment Model-Critical Evaluation. Keynesian Macroeconomics: Aggregate Demand (AD) curve, Aggregate Supply (AS) curve, Sources of 11 shift in AD and AS, Principle of effective demand- Keynesian theory of output, income and employment- Equilibrium Income and Output in Simple Two Sector Model, Three Sector & Four Sector Models. Keyes Psychological law of consumption- An Overview of Post Keynesian theories of consumption: absolute income, relative income, permanent income & life cycle hypothesis- Multiplier and Accelerator Analysis - Marginal Efficiency of Capital- Relevance and Critique of Keynesian Macroeconomics

Module 3: Money, Interest and Monetary Policy

Meaning and nature of money, Primary and secondary functions of money; Quantity Theory of Money–Cambridge version, Classical theory of interest rate, Loanable fund Theory and Keynesian Theory of Liquidity Preference and interest rate, Liquidity Trap; Credit Creation and Money Multiplier Determination of money supply and demand; credit creation; money multiplier, monetary base; tools of monetary policy.

Module 4: IS-LM Analysis and Aggregate Demand

Goods market and money market, graphical derivations of the HicksHenson model (IS and LM functions); Properties of IS-LM curves, factors affecting the position and slope of IS-LM curves, determination of equilibrium income and interest rates; Studying the impact of fiscal and monetary policies using IS-LM framework; Macro policy in a global setting and developing countries

Module 5: Inflation and Trade Cycle

Inflation: meaning; demand and supply side factors; natural rate theory; monetary policy-output and inflation (monetarist view); Phillips curve: short run and long run Trade Cycle: Nature and characteristics; Hawtrey’s monetary theory; Hayek’s over-investment theory; Keynes’ view on trade cycle; Control of trade cycles. 

Davanagere University

Principles of Micro Economics

UNIT 1. Fundamentals of Economics & Consumer behavior

Chapter - 1  

Meaning of Micro Economics – Meaning, nature and scope, Importance and limitations. Choice of problems in Economics, Production possibility frontier.

Chapter - 2

Cardinal analysis – The concept of utility, The Law of diminishing marginal utility, The Law of Equi-marginal utility. Theory of consumer's surplus, Limitations of cardinal analysis.

Chapter - 3

Ordinal analysis - Indifference curves – Meaning, indifference schedule, Indifference map, Properties of indifference curves. Equilibrium position with indifference curve, Price, Income and substitution effects, Criticisms of ordinal analysis, Revealed preference theory.

UNIT 2: Theory of demand and supply

Chapter - 4

Demand analysis- Meaning. Types of demand, Determinants of demand, Law of demand and its exceptions,

Chapter – 5

Elasticity of demand - Meaning, Types, Price,  Income and Cross elasticity of demand.  Determents of demand and its measurements.

Chapter - 6

Supply analysis- Meaning. Determinants of supply and Law of supply.

UNIT 3 - Production, Cost, and Revenue analysis

Chapter - 7

Theory of Production Meaning, Production function, The Law of variable proportions, The Law of Returns to scale.

Chapter - 8

Cost analysis- Meaning, Types, Fixed, Total, Average, Variable, Marginal, Explicit, Implicit, AFC and AVC, Opportunity cost, Short run and Long run, Cost curves.

Chapter - 9

Revenue analysis Meaning, Types, Total Revenue, Average Revenue and Marginal Revenue, Revenue curves in different markets.

UNIT 4 -  Product Pricing and Factor Pricing

Chapter - 10 

Perfect competition and Monopoly-Perfect competition Features, Price and output determination, Role of time element.  Monopoly - Features. Types, Price and output determination, Discriminating monopoly.

Chapter - 11

Monopolistic competition and Oligopoly market- Monopolistic competition-Meaning, Features, Price and output determination. Oligopoly market-Meaning, Types, Features. Kinked demand curve.

Chapter-12                            

Factor Pricing-Meaning of distribution, Marginal productivity theory, Modern theory of distribution.

Principles of Macro Economics

UNIT 1. An overview of Macro Economics

Chapter - 1

Macro Economics- Meaning. Scope and Importance of Macro   Economics

Chapter - 2

National Income Accounting - Meaning, Concepts, Measurement. Difficulties in estimation of National Income, its importance.

Chapter - 3

Classical Theory of Employment- Say's Law of Market, Pigou's wage cut Policy Assumptions, Criticisms of Classical Theory

UNIT 2. Keynesian Theory

Chapter - 4

Effective Demand- Meaning and determinants of Effective Demand. Aggregate Supply Schedule (ASS). Aggregate Demand Schedule (ADS), Equilibrium Level of Employment criticism.

Chapter - 5

Consumption function, Investment function Consumption function:- Meaning. Psychological Law of consumption, APC, MPC, Factors Determining consumption function, Subjective and Objective factors. importance. Investment function:- Meaning, Autonomous investment and induced investment, MEC, Investment demand schedule, Determinants of MEC, Importance.

Chapter - 6

Multiplier and Accelerator Multiplier:- Meaning. Types. Assumptions. Leakages, Importance. Accelerator: Meaning, Limitations, Importance. Inter action of Multiplier and Accelerator

UNIT 3. Inflation, Deflation and Business Cycles

Chapter - 7

Inflation Meaning, Types, Causes, and Remedies

Chapter - 8

Deflation- Meaning, Types, Causes, and Remedies

Chapter - 9

Business cycles- Meaning, Features, Types, Causes, Phases and Remedies

UNIT 4. Macro Economic Policy and New-Classical Macro Economics

Chapter - 10 

Monetary Policy- Meaning, objective and importance of Monetary Policy, Methods of Credit control- Quantitative & Qualitative Methods.

Chapter - 11

Fiscal Policy- Meaning, objectives and importance

Chapter - 12 

New classical Macro Economics New classical Macro Economics An over view

Bidar University

MICRO ECONOMIC THEORY

Module-1: Introduction 

Meaning, Definitions, Nature and Scope of Economics, Assumptions, Problems of Scarcity and Choice, Micro-Macro Economic Analysis, Importance and Limitations of Micro Economics.

Module-2: Consumer Behaviour and Demand 

Introduction, Cardinal Approach, The Law of diminishing marginal utility, Law of Equi Marginal utility, Consumer Surplus, Ordinal Approach-Indifference curve meaning. assumptions. Properties. Consumer equilibrium. Income, Substitution and Price effect. Law of demand, Determining factors of demand, Elasticity of demand, Measurement of Elasticity of demand. Meaning of supply, Factors affecting supply. Law of supply, Elasticity of supply.

Module-3: Theory of production and Cost and Revenue Analysis 

Introduction, Production function. Law of variable proportion. Law of returns, Concepts of Cost; Fixed and Variable costs, Total Cost, Marginal Cost, Average Cost. Short-Run and Long-Run cost curves, Concepts of Revenues-total. Average And marginal Revenue Curves. Equilibrium of firm.

Module-4: Product Pricing

Perfect Competition, meaning, features, Price and output determination, Monopoly-meaning, features, Price and output determination, Price Descrimination, Monoplistic Competition- meaning, features, Price and output determination.

Module-5: Factor Pricing 

Marginal Productivity theory, Rent-Recardian theory, Modern theory, Quesi Rent-Wages- Subsistant theory, Modern theory, Interest-Classical and Keynesian thoeries, Profit Risk Theory-Innovations theory. 

MACRO ECONOMIC THEORY

Module-I: Introduction to Macro Economics: 

Meaning, Definitions, Nature and Scope, Importance of Macro Economics.

Module-II: National Income Accounting 

Concepts, Definitions, GNP, GDP & NNP, PCI, Methods of Measurement, Difficulties and Importance of National Income.

Module-III: Classical Theory of Income and Output Determination 

Introduction, Laissaze fair policy, Classical theory of Income and output, Says Law of Market, Pigou's views on Wage output determination.

Module-IV: Keynesian Economics 

Keynesian Theory of Income and output determination, Concept of Effective Demand, Consumption function, APC & MPC, Psychological Law of Consumption, Investment function, MEC and its determinants. Multiplier and Acceleration.

Module-V: Theory of Inflation and Deflation 

Concepts, Causes, Consequences and Remedial Measures, Deflation and its effects.

Mandya University

PRINCIPLES OF MICRO ECONOMICS

UNIT 1. Introduction to Micro Economics

Meaning of Economics - Microeconomics: Meaning - Types and Scope Importance and Limitations - Basic Problems of an Economy - Production Possibility Curve.

UNIT 2. Theory of Consumer Behaviour

Cardinal Analysis: the Concept of Utility- the Law of Diminishing Marginal Utility- Law of Equi- Marginal Utility - Theory of Consumer's Surplus. Ordinal Analysis: Indifference Curves Meaning Indifference Schedule Indifference Map Properties of Indifference Curves - Consumers' Equilibrium-Price Effect.

UNIT 3. Theory of Demand and Supply

Demand: Meaning, Determinants of Demand, the Demand Schedule the Law of Demand Exceptions to the Law of Demand - Elasticity of Demand: Meaning- Types: Price, Income and Cross Elasticity - Measurement of Price Elasticity of Demand. Meaning of Supply: the Law of Supply, Determinants of Supply.

UNIT 4. Production, Cost and Revenue

Production Function-The Law of Variable Proportion-The Law of Returns to Scale. Concepts of Costs, Short-Run and Long-Run Cost Curves. Concepts of Revenue: Total, Average and Marginal Revenue- Revenue Curves.

UNIT 5. Price and output determination under markets

Markets and Role of Time Element Features, price and output determination under: a. Perfect Competition. b. Monopoly: Price Discrimination. c. Monopolistic Competition. d. Oligopoly: Types.

PRINCIPLES OF MACRO ECONOMICS

UNIT 1. Introduction to Macroeconomics

Macroeconomics: Meaning, Types and Scope Macroeconomics, Stock, Flow and Equilibrium Importance and Limitations Basic Concepts of National Income: Concepts: GDP, GNP, NDP, NNP, NI, PI, DPI and Per capita Income - Circular Flow of Income.

UNIT 2. Classical Theory of Employment

Introductions to Classical Theory: Assumptions of Classical Theory of Employment- Say's Law of Market Wage - Price Flexibility (Pigou's Version) - Saving and Investment Equality - Evaluation of the Classical Theory of Employment.

UNIT 3. Keynesian Theory of Income and Employment

Concepts of Effective Demand and its Determinants. Equilibrium Level of Income and Employment. Consumption Function: Psychological Law of Consumption, Factors Affecting Consumption Function. Investment Function: Factors Affecting Investment Function. Multiplier and Accelerator.

UNIT 4. Economic Fluctuations

Inflation: Meaning, Types, Causes and Effects Deflation: Meaning, Types, Causes and Effects Business Cycle: Meaning, Types, Phases and Measures to Control Business Cycle.

UNIT 5. Macroeconomic Policy

Monetary Policy: Objectives and Importance Quantitative and Qualitative Measures of Credit Control - Fiscal Policy: Objectives and Importance Tools of Fiscal Policy: Tax, Expenditure, debt and Budgetary measures.

Bagalkote University

MICRO ECONOMIC

UNIT - ONE. Introduction to Micro-Economics

Meaning, scope, importance and limitations of Micro-Economics - Types of Micro –Economics. Basic problems of the Economy-Need of the Study of Economics, Economist as a Policy Advisor

UNIT -  TWO. 

A) Utility Analysis: Meaning of Utility-Total Utility-Marginal UtilityLae of Diminishing Marginal Utility-Concept of Consumer Surplus.

B) Indifference Curve Analysis:- Meaning and properties of Indifference curve-Theory of Indifferency curve. Price, Income and Substitution Effects

C) Concept of Demand: Meaning-Determinants, Law of DemandExceptions to the Law of Demand-Demand Forecasting- Least square Method of Time series Analysis. Elasticity of Demand-Meaning and Types of Elasticity of Demand

D) The concept of Supply:- Meaning-Determinants-Law of supplyElasticity of supply- Meaning anf Types of Elasticity of Supply

UNIT - THREE. Production, Cost and Revenue

Production Function-Law of Variable Proportions-Production possibility curves. Meaning and concepts of costs-short-run costs and Long-run costs-calculation of FC, VC, AFC, AVC, AC and MC on the basis of units of output and Total Cost-Factors- Break-Even pointMeaning and Calculations of BEP.

UNIT - FOUR. 

Market Structure and Product Pricing: - Concepts of Total, Average and Marginal Revenue.

Perfect Competition:- Meaning and Features of Perfect Competition, Equilibrium of the firm and industry

Monopoly:- Meaning and Features of Monopoly, Equilibrium of the firm. Price Discrimination

Monopolistic Competition: Meaning and Features of Monopolistic Competition, short-run and Long-run equilibrium of the firm.

Oligopoly- Meaning-Features-Types of oligopoly.

MACRO ECONOMICS

UNIT - ONE. Introduction to Macro-Economics

Meaning, scope, importance and limitations of Macro-Economics. National Income Accounting. Concepts of National Income - GDP, NDP, GNP NNP, National Income at factor cost, PI, DPI and PCI. Methods of computing National Income. Difficulties in computing national income.

UNIT - TWO. Classical Theory of Employment

Say's Law of Market-circular flow of income. Classical Theory of Employment - Wage Regidity - A.C.Pigou's Reformulation

UNIT - THREE. Production, Cost and Revenue

Keynesian Economics:- Psychological Law of consumption Keynesian Theory of Employment-concept of Effective Demand and its determinants.

Consumption Function:- Average propensity to consume(APC) and Marginal propensity to consume (MPC)-Factors determining MPC.

Saving Function:- Average and Marginal Propensity to save(APS & MPS). Determinants of savings.

Investment Function: - Marginal Efficiency of capital (MEC) Factors Influencing MEC.

UNIT - FOUR. Theory of Multiplier and Accelerator:

Multiplier: - Meaning, working and Limitations of Multiplier. Accelerator:- Meaning, working and Limitations of Accelerator.

UNIT - FIVE. Business Cycles and Inflation: -

Meaning of Business cycles (Trade cycles), Features of Business cycles - Phases of Business cyclescontrol of Business cycles Hawtry’s Purely Monetary Theory of Trade Cycle. Keyne’s Liquidity Preference Theory of Trade Cycle Inflation: - Meaning, causes and types of  inflation-Inflationary gapEffects of Inflation-Measures to control Inflation

Theories of Factor Pricing & Distribution :-

Marginal productivity Theory of Distribution. Ricardian Theory of Rent – Modern Theory of Rent. Loanable fund theory of Interest. Concept of Quasi-rent-Dynamic Theory of Profit. Risk and Uncertainty Theory of Profit. Schumpeter's Innovation Theory of Profit-calculation of Accounting Profit and Economic profit