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Can you provide me the syllabus of three years B.A/B. Sc General in Economics offered by WBSU (West Bengal State University)?

[Vishal Kotkar]

The syllabus of three years B.A/B. Sc General in Economics offered by WBSU (West Bengal State University) is as follows:

PART-I

PAPER –I: Microeconomics (100)

1. Basic Concepts:

Concept of Market, Demand & Supply, Price & Value, Personal Income and National Income, Circular Flow of Income.

Elasticity of Demand : Price elasticity of Demand- Factors affecting the price elasticity of demand-Measurement of point price elasticity of demand and Arc elasticity- Income elasticity of demand. 10

2. Consumers’ Behaviour :

Marginal Utility- Law of Diminishing Marginal Utility- Law o0f Demand and Law of Supply- Derivation of demand curve from marginal utility curve- Consumers’ surplus.

Indifference curve: Definition and Characteristics – Budget line –Consumers’ Equlibrium- Income effect and Substitution effect- Graphical presentation to show Price effect is the summation of Income effect and Substitution effect- Inferior goods and Giffen goods. 10

3. Producers’ Behaviour :

Concept of Production- Factors of Production- Production Function: Concepts of TP, AP and MP. Derivation of AP and MP curve graphically from TP curve- Law of Variable Proportions- Isoquants and its Properties- Expansion Path- Laws of Returns to Scale.

4. Revenue and Cost of Production:
Concepts of Revenue- TR, AR, MR. Derivation of AR and MR curve from TR curve –Relation concerning AR, MR and Elasticity of Demand.

Cost of Production – Money cost ,Real cost and Opportunity cost – Fixed cost and Variable cost –Shape of the Short-run cost curves- Relation between AC and MC –LAC is the envelope of SACs.