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Contents
Unit I – Introduction
1. Economics as a science
2. Relevance of economics to law
3. Economics as a basic of social welfare and social justice
4. Economic systems
Unit II
Part A – Micro Economics
1. General basic principles of economics
2. Demand and supply
3. Markets : Costs and revenue
4. Determination of prices
5. Theory of production
6. Business organisation and profits
7. Land and rent
8. Labour and wages
9. Capital and interest
Part B – Macro Economics
10. National Income
11. Keynesian principles of effective demand (Keynesian theory of employment)
12. Consumption function and propensity to consume
13. Savings pattern in low development countries (LDCS)
14. Investment criteria
Unit III – Real Economic Conditions
1. Monopolies
2. Imperfect competition or monopolistic competition
3. Duopoly
4. Oligopoly
5. Control of monopolies and prevention of economic concentration
Unit IV – Economic Development
1. Problems of development
2. Theories or paradigms of economic growth or development
3. International comparisons of economic developmental strategies and experiences
4. Choice of techniques
Unit V – Money, Banking and Fiscal Policy
1. Money, inflation and monetary policy
2. Central and commercial banking
3. Role of credit and banking system
4. Rural money markets
5. Resource mobilization and fiscal resources
6. Taxation
7. Public Expenditure, Public Debt and Budgeting
8. Fiscal Policy
9. External Economics [Internal or open economics]
10. Internal Financial Institutions – IMF and IBRD
Glossary
Bibliography
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Author Details
Dr. S.R. Myneni, M.A., M.Ed., LL.M., Ph.D., P.G. Diploma in Journalism & Mass Communication, P.G. Diploma in Econometrics, P.G. Diploma in Mathematics Ekadhika in Vedic Mathematicss, Rashtra Bhasha Praveena (Hindi) Diploma in Russian Language.
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