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UNIT 1 :
INDIA- Brief History of Indian Constitution- framing, features,
fundamental rights, duties, directive principles of state. History of
idian national movement, Socio economic growth after independence.
UNIT 2 : SOCIETY – Social Groups- Concepts and types, socialization-
concept and theory, social control; concept, social problem in
contemporary India, status and role.
UNIT 3 : THE FUNDAMENTALS OF ECONOMICS – Meaning, definition and
importance of economics, Logic of choice, Central Economic Problems,
Positive and Normative approaches, economic systemssocialism and
capatalism.
UNIT 4 : MICROECONOMICS –Law of demand and supply, Utility
approach, Indifference curves, Elasticity of demand & supply and
applications, Consumer surplus, Law of returns to factors and returns to
scale.
UNIT 5: MACRO ECONOMICS –Concept relating to national
product-National income and its measurement, Simple Keynesian theory,
Simple multiplier, Money and banking,- Meaning, Concept of international
trade, Determination of exchange rate, Balance of payments.
Characteristics of Indian Economy.
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