HU3201 : Introduction to Economics (Spring 2021) | Academic Portal of IISER Kolkata

Details of HU3201 (Spring 2021)

Level: 3

Type: Theory

Credits: 4.0

Course Code	Course Name	Instructor(s)
HU3201	Introduction to Economics	Tushar Kanti Nandi

Syllabus
Module 1: Understanding Economics 1 What is Economics Human Wants Goods and Services Module 2: About Economy 4 Economy - Its Meaning and Types Central Problems of an Economy Basic Economic Activities Module 3: Producing Goods and Services 7 Production Cost and Revenue Module 4: Distribution of Goods and Services 9 Demand Supply Determination of Price and Quantity Market Role of Government in Determination of Price and Quantity System Module 5: Money, Banking and Insurance 14 Money and Its Roles Banking and Credit Savings and Insurance Module 6: Presentation and Analysis of Data in Economics 17 Collection and Presentation of Data Analysis of Data Module 7: Indian Economy 19 An Overview of Indian Economy Sectoral Aspects of Indian Economy Challenges before Indian Economy Indian Economy in Global Context Module 8: Contemporary Economic Issues 23 Environment and Sustainable Development Consumer Awareness

Syllabus

Module 1: Understanding Economics
1. What is Economics
2. Human Wants
3. Goods and Services
Module 2: About Economy
1. Economy - Its Meaning and Types
2. Central Problems of an Economy
3. Basic Economic Activities
Module 3: Producing Goods and Services
1. Production
2. Cost and Revenue
Module 4: Distribution of Goods and Services
1. Demand
2. Supply
3. Determination of Price and Quantity
4. Market
5. Role of Government in Determination of Price and Quantity System
Module 5: Money, Banking and Insurance
1. Money and Its Roles
2. Banking and Credit
3. Savings and Insurance
Module 6: Presentation and Analysis of Data in Economics
1. Collection and Presentation of Data
2. Analysis of Data
Module 7: Indian Economy
1. An Overview of Indian Economy
2. Sectoral Aspects of Indian Economy
3. Challenges before Indian Economy
4. Indian Economy in Global Context
Module 8: Contemporary Economic Issues
1. Environment and Sustainable Development
2. Consumer Awareness

References
W. Nicholson and C.. Snyder (2017) - Microeconomic Theory: Basic Principles and Extensions O. Blanchard and D. R. Johnson (2017) - Macroeconomics

Sl. No.	Programme	Semester No	Course Choice
1	IP	2	Elective
2	IP	4	Elective
3	IP	6	Not Allowed
4	MR	2	Not Allowed
5	MR	4	Not Allowed
6	MS	10	Not Allowed
7	MS	4	Not Allowed
8	MS	6	Elective
9	MS	8	Elective
10	RS	1	Not Allowed
11	RS	2	Not Allowed