Principles of Economics detail TNDTE Diploma syllabus for Modern Office Practice (MOP1Yr), M scheme is extracted from TNDTE official website and presented for diploma students. The course code (38114), and for exam duration, Teaching Hr/week, Practical Hr/week, Total Marks, internal marks, theory marks, duration and credits do visit complete sem subjects post given below. The syllabus PDFs can be downloaded from official website.
For all other office practice 1st sem syllabus for diploma m scheme tndte you can visit Office Practice 1st Sem Syllabus for Diploma M Scheme TNDTE Subjects. The detail syllabus for principles of economics is as follows.
Rationale:
Economics is an intricate social science and should be studied carefully. It relies on economic theories to explain real world occurrences – like why people buy less when prices rise or why increased public expenditure may reduce unemployment. Student who studies economics must have a good command over economic terminology. Once the fundamentals of economics have been clearly grasped, the subject becomes very easy and interesting. This paper “Principles of economics” will enable the students to acquire knowledge on basic concepts related to economics. Topics such as Consumption, Marginal Utility, Law of demand and Supply and Elasticity of Demand will facilitate the students to acquire a fair amount of knowledge in economics.
Objectives:
At the end of the study of I Semester the student will be able to
- Understand characteristics of wants and standard of living.
- Understand importance of Law of Diminishing Marginal utility.
- Understand consumer surplus and its uses.
- Understand why demand curve slopes downwards.
- Understand the factors of production.
Detailed Content:
Unit I
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Unit II
Consumption
Human Wants – Meaning and Characteristics- Classification of Wants – Standard of Living – Engel’s law of family Expenditure – Marginal utility – Law of Diminishing Marginal Utility – Law Equi- Marginal Utility – Consumer ‘s Surplus.
Unit III
Demand and Supply Analysis
Law of demand – Demand Schedule- Demand Curve – Change in Demand -Causes – Joint Demand & Composite Demand – Direct and Derived Demand -Elasticity of Demand – Factors Determining Elasticity – Measurement of Elasticity of Demand – Significance – Supply – Definition – Causes for Changes in Supply -Joint Supply, Composite Supply.
Unit IV
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Unit V
Factors of Production – II
Capital:Meaning , Definition and Forms of Capital – Functions and Importance of Capital – Capital Formation – Factors Influencing Capital Formation. Organization: Meaning and Definition – Functions of an Entrepreneur.
Reference Books:
- Modern Economics Theory – K.K.Dewett, S.Chand& Co
- Principles of Economics -S.Sankaran, Margham Publications, Chennai.
- Principles of Economics – M.L.Seth, TATA MC GRAW HILL
- Elementary Economics Theory – K.K.Dewett, J.D.Varma, S.Chand& Co
Model Question Paper
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For detail syllabus of all other subjects of BE Office Practice, M scheme do visit Office Practice 1st Sem syllabus for M scheme.
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