BIT · Semester II
Economics syllabus
Official TU syllabus for Economics (ECO155): 10 units, 68 topics. Every unit links to its notes and solved questions.
1
Fundamental Economic Concepts
8 Q- Definition and scope of economics
- Scarcity and choice in decision-making
- Production possibility curve concept and significance
- Opportunity cost
- Microeconomics and macroeconomics applications
2
Demand and Elasticity
11 Q- Definition of demand and demand schedule
- Determinants of demand
- Price elasticity of demand definition and types
- Price elasticity measurement by percentage method
- Price elasticity measurement by arc method
- Relationship between total expenditure and price elasticity
- Income elasticity of demand and types
- Cross elasticity of demand
3
Supply and Elasticity of Supply
1 Q- Definition of supply and supply schedule
- Determinants of supply
- Elasticity of supply definition and types
- Measurement of elasticity of supply
4
Consumer Behavior and Utility
13 Q- Law of diminishing marginal utility
- Ordinal utility approach
- Indifference curve definition and properties
- Marginal rate of substitution and diminishing MRS
- Budget line and consumer equilibrium
- Price consumption curve and Giffen goods
- Derivation of demand curve from price consumption curve
5
Production and Cost Analysis
14 Q- Production function definition and features
- Cobb-Douglas production function
- Isoquants definition and properties
- Optimum employment of variable inputs
- Law of returns to scale
- Total fixed cost and total variable cost
- Average fixed cost, average variable cost, and average total cost
- Marginal cost calculation and relationships
- Cost schedule computations
6
Market Structures and Price Determination
12 Q- Perfect competition characteristics and features
- Price and output determination under perfect competition short run
- Monopoly definition and features
- Price and output determination under monopoly
- Average revenue and marginal revenue under monopoly
- Monopolistic competition features and characteristics
- Price and output determination under monopolistic competition long run
- Centralized cartel definition and explanation
- Cartel legality and examples
7
Market Equilibrium and Government Intervention
6 Q- Market equilibrium definition
- Shifts in demand and supply curves effects on equilibrium
- Price floor and effects
- Price ceiling and effects
- Indirect tax effects on equilibrium
- Producer surplus concept
- Price floor effects on producer surplus
8
National Income and Macroeconomic Accounting
9 Q- National income definition
- Gross domestic product at market prices
- Gross national product
- Net national product
- GDP and GNP distinction
- Expenditure approach to GDP calculation
- Problems of measuring national income in developing countries
- Difficulties in national income measurement in Nepal
9
Monetary Policy
5 Q- Monetary policy objectives
- Quantitative instruments of monetary policy
- Expansionary monetary policy tools and uses
- Contractionary monetary policy
- Central bank role and functions
10
Fiscal Policy and Economic Systems
5 Q- Fiscal policy definition and tools
- Expansionary fiscal policy
- Contractionary fiscal policy
- Fiscal policy for economic stabilization
- Free market economy features
- Mixed economy features and characteristics
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