Economics for Professional Careers 1 – For First Year BCom (MU) – Semester 1 – As Per NEP Syllabus (Major Mandatory) | Dr Deepak Sabale, Dr Vithal Shankar Sontakke, Vijay Khandare | Nirali Prakashan

1. Business Economics
1.1 Meaning of Business Economics
1.2 Scope of Business Economics
1.3 Nature of Business Economics
1.4 Significance of Business Economics
1.5 Importance of Business Economics
1.6 Basic Problems of an Economy
1.7 Role of Price Mechanism
• Exercise
2. Demand Analysis
2.1 Introduction
2.2 Determinants of Demand
2.3 Law of Demand
2.4 Shift in Demand Curve – Increase and Decrease
2.5 Movement in Demand Curve – Expansion and Contraction
2.6 Differences between Movement and Shift in Demand Curve
• Exercise
3. Consumer’s Behaviour
3.1 Consumer Behaviour
3.2 Cardinal Approach: Law of Diminishing Marginal Utility and Law of Equi-marginal Utility
3.3 Consumers’ Surplus : Concept and Measurement
3.4 Ordinal Approach: Indifference Curve Analysis – Concept Characteristics, Consumer Equilibrium
• Exercise
4. Supply
4.1 Supply
4.2 Law of Supply
4.3 Determinants of Supply / Factors Affecting Supply
4.4 Elasticity of Supply
• Exercise