PMS Syllabus for the Subject of Economics
PAPER – I Part I MICROECONOMICS Total Marks: 100 1. Microeconomics: Meaning of microeconomics. Choice, scarcity and opportunity cost. Production Possibility frontier. Goals of microeconomic policy: efficiency and equity. 2. Market economy: Demand, Supply and Price determination. Individual and market demand. Changes in demand. Individual and market supply. Changes in supply. Market equilibrium and impact […]