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  • 9:13 AM, Tuesday, 20 Oct 2020

Course Undergraduate
Semester Sem. IV
Subject Code HS222
Subject Title Introduction to Economics


Exploring the subject matter of Economics: why we study economics – types ‐ definitions – economic systems – economics as a science.

Principles and Concepts of Micro Economics: demand – supply – production – costs – markets-equilibrium.

Basics of Macro Economics: role of government – national income concepts – inflation concepts – classical vs. Keynesianism.

Economic Problems and Policies: meaning of development – problems of growth – population–agriculture and industry – balance of payments – planning – study report related to economicsof space program.

Text Books

1. Samuelson, Paul A. and William D. Nordhaus, Economics, 17th ed., McGraw‐Hill (2005).

2. Dewett, K. K., Modern Economic Theory, 22nd ed., S. Chand & Co.

3. Thirlwall, A. P., Growth and Development with Special Reference to Developing Economies, Palgrave (2003)ies, Palgrave (2003).  


1. Gardner, A., Macroeconomic Theory, Surjeet Publications (1998).

2. Koutsoyiannis, A., Modern Microeconomics, 2nd ed., Palgrave Macmillan (2003).

3. Black, J., A Dictionary of Economics, Oxford Univ. Press (2003).

4. Meir, J. M. and Rauch, J. E., Leading Issues in Economic Development, 7th ed., Oxford Univ. Press (2005).

5. Todaro, M. P. and Smith, S. C., Economic Development, 8th ed., Pearson Education Ltd. (2008).

6. Economic Survey 2008, Government of India, Ministry of Finance.

7. O'Connor, D. E., The Basics of Economics, Greenwood Press (2004).