Chaudhary Charan Singh University, UP, General , Business Economics Syllabus

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Unit - 1 Introduction

1.1 Basic problems of an economy working of price mechanism

Unit - 2 Elasticity of demand

2.1 Concept and measurement of elasticity of demand

2.2 Price

2.3 Income and cross Elasticities

2.4 Average revenue marginal revenue and elasticity of Demand

2.5 Determinants of elasticity of demand

2.6 Importance of elasticity of demand

Unit - 3 Production function

3.1 Law of variable properties iso–quants

3.2 Economic regions and optimum factor combination

3.3 Expansion path

3.4 Return to scale

3.5 Internal and external economics and diseconomies

3.6 Ridge lines

3.7 Theory of Costs

3.8 Traditional and Modern Theory of Cost in Short Run and Long Run

Unit - 4 Market structure

4.1 Market structure and business decisions

4.2 Objectives of a business firm a perfect competition

4.3 Profit maximization and equilibrium of firm and industrial short rum and long rum supply curves

4.4 Price and output determination practical applications

4.5 Monopoly

4.6 Determination of price under monopoly

4.7 Equilibrium of a firm

4.8 Comparison between perfect competition and monopoly

4.9 Multiplant monopoly

4.10 Price discrimination

4.11 Practical application

Unit - 5 Monopolistic competition

5.1 Monopolistic competition Meaning and characteristic

5.2 Characteristics

5.3 Price and output Determination under monopolistic competition

5.4 Product differentiation

5.5 Selling costs

5.6 Comparison with perfect competition

5.7 Excess capacity under monopolistic competition

5.8 Oligopoly Characteristics indeterminate pricing and output

5.9 Classical models of oligopoly

5.10 Price leadership

5.11 Collusive oligopoly

5.12 Kinked demand curve

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Other Subjects of first-year
Business statistics
Business environment
Financial accounting
Business communication
Business regulatory framework
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