2733_BCOMSEM2_Vyavasayik_Arthshashtra

बीकाम (II सेमेस्टर)
व्यावसायिक अर्थशास्त्र
B.Com. (II Semester)
BUSINESS ECONOMICS

SYLLABUS

Unit - I : Famous Economists of India

like- Kautilya, Gopal Krishna Gokhale, D.R. Gadgil, Dr. Ram Manohar Lohia, Jawaharlal Nehru and Dr. B.R. Ambedkar etc.
Introduction : Nature and Scope of Business Economics, Meaning, Kinds, Law of Demand, Law of Marginal Diminishing Utility, Elasticity of Demand, Concept and Measurement of Elasticity of Demand Price, Incoming Cross, Elasticity Determinants of Elasticity of Demand Importance of Elasticity of Demand, Revenue Curve Analysis

Unit - II : Theory of Cost :

Short Run and Long Run Cost Curve Traditional and Modern Approaches. Production
Function : Law of Variable Proportion; Properties Ridge Line, Optimum Factor Combination and Expansion Path; Return to Scale; Internal and External Economies and Diseconomies.

Unit - III : Concept of Supply Curve

A. Perfect Competition : Meaning, Price and Output Determination.
B. Monopoly : Meaning and Determination of Price Under Monopoly; Equilibrium of A Firm/Industry.
C. Monopolistic Competition : Meaning and Characteristics; Price and Output Determination Under Monopolistic Competition.

Unit - IV : Business Cycle :

Various Phases and Its Causes; Theory of Distribution: Marginal Productivity Theory of Modern Theory, Wage- Meaning, Determination of Wage Rate Under Perfect Competition and Monopoly, Rent Concept : Modern Theories of Rent : Interest Concept- and Theories of Interest Profit- Concept and Theories of Profit.

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