{"product_id":"9789355851734","title":"Fundamentals of Economics for BE Anna University R21CBCS (III- CS \u0026 BS - CW3301)","description":"\u003cp\u003eSyllabus Fundamentals of Economics - (CW3301)  UNIT I \tINTRODUCTION TO MICRO ECONOMICS Introduction to Economics - Themes of Economics - Micro Vs Macro Economics - Demand curves and supply curves - Elasticity of Demand - Elasticity of Supply - Demand Curves of Households and firms. (Chapter - 1) UNIT II \tWELFARE ANALYSIS Consumers and Producers Surplus - Price Ceilings and Price Floors; Consumer Behavior - Axioms of Choice-Budget Constraints and Indifference Curves; Consumers Equilibrium Effects of a Price Change, Income and Substitution Effects Derivation of a Demand Curve. (Chapter - 2) UNIT III \tPRODUCTION AND COST FUNCTION  Theory of Production - Production Function and Isoquants - Cost Minimization; Cost Curves - Total, Average and Marginal Costs - Long Run and Short Run Costs; Equilibrium of a Firm under Perfect Competition; Monopoly and Monopolistic Competition. (Chapter - 3) UNIT IV \tMACRO ECONOMICS National Income and its Components - GNP, NNP, GDP, NDP Consumption Function; Investment; Simple Keynesian Model of Income Determination and the Keynesian Multiplier; Government Sector - Taxes and Subsidies; External Sector - Exports and Imports; Money -Definitions; Demand for Money Transaction and Speculative Demand; Supply of Money - Banks Credit Creation Multiplier; Integrating Money and Commodity Markets - IS, LM Model. (Chapter - 4) UNIT V \tBUSINESS CYCLES AND STABILIZATION Monetary and Fiscal Policy - Central Bank and the Government; the Classical Paradigm - Price and Wage Rigidities - Voluntary and Involuntary Unemployment. (Chapter - 5)\u003c\/p\u003e","brand":"Technical Publications","offers":[{"title":"Default Title","offer_id":47489224147236,"sku":"9789355851734","price":175.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0671\/3661\/8788\/files\/9789355851734_1.jpg?v=1699012683","url":"https:\/\/bookstation.in\/mr\/products\/9789355851734","provider":"BookStation","version":"1.0","type":"link"}