BA in Economics (Distance Education)

BA in Economics (Distance Education)

Course Content:
PAPER – I MICRO ECONOMICS
Introduction
Nature and scope of economics; Methodology in economics; choice as an
economic problem; basic postulates; Role of price mechanism;
Consumer’s Behaviour
Theory of Production and Costs: Production decisions; Production function; Iso-quant, factor substitution; law of variable proportions; returns to scale; economics of scale; different concepts of cost and their interrelation; Equilibrium of the firm; Expansion path.
Factor Pricing
Marginal productivity theory of distribution; Theories of wage
determination; Wages and collective bargaining; Wage differentials; Rent
– Scarcity rent
PAPER – II INDIAN ECONOMIC THOUGHT

This course is of Yearly System.

IASE University’s Distance Education Programmes are approved by Distance Education Council (DEC) of Indira Gandhi National Open University (IGNOU).