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Paper-1: Microeconomic Analysis
Syllabus
Module–1: Economic Analysis and
Methodology
Scarcity and Choice as fundamental problems of economics - Opportunity Cost - Production Possibilities Curve - Micro and Macro Analysis - Micro economic analysis – Scope and Importance -Principles of Microeconomics : Allocation of Resources - Optimization, Equilibrium and Marginal analysis -Rationality Principle the concept of Welfare
Module -2: Theory of
Consumption
Concept
of Demand -Factors determining demand -
Law of Demand - reasons and exceptions - Elasticity of Demand
-Cardinal and Ordinal utility - Indifference Curve analysis :
Properties of Indifference curves, Indifference Curve Map -Marginal Rate of
Substitution Budget Line - Changes -Consumer Equilibrium under Indifference
Curve Analysis – Consumers’ Surplus and Indifference Curve Analysis
Module -3: Theory of Production
Concept and Objectives of Firm - Production Function: Cobb- Douglas Production Function -Law of Variable Proportions -Laws of Returns to Scale - Economies of large scale Concepts of Cost - Total, Average and Marginal Costs - Law of Supply - Concept of Revenue: Total, Average and Marginal Revenues - Relation between Average and Marginal Revenues and elasticity of Supply.
Module-4: Theory of
Exchange
Concepts of Market : Criteria for Classification of Markets - Perfect Competition– Conditions, Price and Output determination ; Monopoly : Conditions, Price and Output Determination - Price Discrimination; Monopolistic Competition - Assumptions - Price and output determination - Selling Costs ; Oligopoly -Types- Kinky demand curve and Price rigidity.
Module - 5: Theory of
Distribution
The
concepts of Functional and Personal Distribution of Income - Marginal
Productivity Theory of Distribution -
Modern Theory of Distribution -Concept
of Rent - Ricardian Theory of Rent –
Marshall’s concepts of Economic Rent and Quasi Rent; Theories of Wage Determination: Subsistence Theory and Standard of
Living Theory - Modern Theory of Wages; Classical Theory of Interest -Loanable Funds Theory of Interest -Liquidity
Preference Theory of Interest; Theories
of Profit: Risk and Uncertainty, Dynamic and Innovations Theories.
Rayalaseema University(UG)
ECONOMICS
PAPER 1: Microeconomic Analysis
Important Questions , Mid Examination and Public Examination Papers
| Important Questions |  |
| Mid Examination 1 | |
| Mid Examination 2 | |
| Public Examination Papers 2020 | |
| Public Examination Papers 2021 | |
| Public Examination Papers 2022 | |
Paper-1: Microeconomic Analysis
Syllabus
Module–1: Economic Analysis and
Methodology
Scarcity and Choice as fundamental problems of economics - Opportunity Cost - Production Possibilities Curve - Micro and Macro Analysis - Micro economic analysis – Scope and Importance -Principles of Microeconomics : Allocation of Resources - Optimization, Equilibrium and Marginal analysis -Rationality Principle the concept of Welfare
Module -2: Theory of
Consumption
Concept
of Demand -Factors determining demand -
Law of Demand - reasons and exceptions - Elasticity of Demand
-Cardinal and Ordinal utility - Indifference Curve analysis :
Properties of Indifference curves, Indifference Curve Map -Marginal Rate of
Substitution Budget Line - Changes -Consumer Equilibrium under Indifference
Curve Analysis – Consumers’ Surplus and Indifference Curve Analysis
Module -3: Theory of Production
Concept and Objectives of Firm - Production Function: Cobb- Douglas Production Function -Law of Variable Proportions -Laws of Returns to Scale - Economies of large scale Concepts of Cost - Total, Average and Marginal Costs - Law of Supply - Concept of Revenue: Total, Average and Marginal Revenues - Relation between Average and Marginal Revenues and elasticity of Supply.
Module-4: Theory of
Exchange
Concepts of Market : Criteria for Classification of Markets - Perfect Competition– Conditions, Price and Output determination ; Monopoly : Conditions, Price and Output Determination - Price Discrimination; Monopolistic Competition - Assumptions - Price and output determination - Selling Costs ; Oligopoly -Types- Kinky demand curve and Price rigidity.
Module - 5: Theory of
Distribution
The
concepts of Functional and Personal Distribution of Income - Marginal
Productivity Theory of Distribution -
Modern Theory of Distribution -Concept
of Rent - Ricardian Theory of Rent –
Marshall’s concepts of Economic Rent and Quasi Rent; Theories of Wage Determination: Subsistence Theory and Standard of
Living Theory - Modern Theory of Wages; Classical Theory of Interest -Loanable Funds Theory of Interest -Liquidity
Preference Theory of Interest; Theories
of Profit: Risk and Uncertainty, Dynamic and Innovations Theories.
Rayalaseema University(UG)
ECONOMICS
PAPER 1: Microeconomic Analysis
Important Questions , Mid Examination and Public Examination Papers
| Important Questions | |
| Mid Examination 1 | |
| Mid Examination 2 | |
| Public Examination Papers 2020 | |
| Public Examination Papers 2021 | |
| Public Examination Papers 2022 | |
