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It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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To stimulate curiosity and cater to the global needs of a dynamic education, The IIS University - since inception - has been promoting and encouraging research-based experiential learning among all its students.

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IIS Univ
  • Admissions

    It is a University which is committed to excellence and overall development of the student...

  • Placements

    Excellent education not only imparts knowledge, but also paves the way for...

  • Life@IIS Univ

    Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with...

  • Academics

    Taking the age-old tradition of enlightenment through education forward,...

  • Research

    To stimulate curiosity and cater to the global needs of a dynamic education,...

  • About Us

    The IIS University, with its perfect amalgamation of innovation, inspiration...

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India

Phone:- +91-141-2400160-61, 2397906-07,

Fax: 2395494,2781158, Toll Free No.: 1800 180 7750

Introduction to Economics | Economics

Introduction to Economics

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Paper Code: 
ECO 101:
Credits: 
3
Contact Hours: 
45.00
Objective: 

To introduce the basic concepts of economics to the students.

9.00
Unit I: 
Fundamentals of Economics

 

  • Scarcity and Efficiency
  • Basic Economic Problems;
  • Microeconomics and Macroeconomics; Positive and Normative Economics;
  • Production Possibility frontier-Opportunity Costs and Efficiency
  • Reading Graphs-Slope of a straight line and a curve, Shifts of and Movement Along Curves
9.00
Unit II: 
Markets and Government in a Modern Economy
  • What is a Market?
  • How Markets Solve the Basic Economic Problems;
  • The Economic Role of Government-Efficiency,Equity, Growth and Stability and the Welfare State
9.00
Unit III: 
Basic Elements of Demand and Supply
  • The Demand Schedule-Demand curve, Market Demand, Factors determining demand curve, shifts in demand
  • The Supply Schedule-Supply Curve, Market Supply, Factors determining supply curve, shifts in supply

 

9.00
Unit IV: 
IMarket Equilibrium
  • Equilibrium with Supply and Demand Curves
  • Effects of a shift in supply or Demand
  • Rationing by Prices
  • Impact of a Tax on Price and Quantity
9.00
Unit V: 
Overview of Macroeconomics
  • Origin of Macroeconomics
  • Objectives and Instruments of Macroeconomics
  • Tools of Macroeconomic Policy-Fiscal and Monetary policy (basic Concepts)
  • Concept of an open economy
  • Aggregate Demand and Supply

 

Essential Readings: 
  1. Samuelson, Paul A. and William D. Nordhaus , Economics, Tata McGraw-Hill.
  1. N. Gregory Mankiw, Principles of Economics, 6 E, South-Western Cengage Learning, USA.

 

References: 

 

  1. Salvatore, Dominick and Eugene A. Dulia, Schaum’s Outline of Theory and Problems of Principles of Economics, Tata McGraw-Hill.
  1. Dewett, K.K., Modern Economic Theory, S. Chand and Company Ltd.
  1. Fleisher, B.M., Edward J. Ray and Thomas J. Kniesher, Principles of Economics, Wm. C. Brown Publishers, Dubuque, Iowa.

 

 

 

Academic Session: 
2018-19
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