15CP53T: Elements of Economics CP 5th Sem Syllabus for Diploma DTE Karnataka C15 Scheme

Elements of Economics detail DTE Kar Diploma syllabus for Commercial Practice (CP), C15 scheme is extracted from DTE Karnataka official website and presented for diploma students. The course code (15CP53T), 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 cp 5th sem syllabus for diploma c15 scheme dte karnataka you can visit CP 5th Sem Syllabus for Diploma C15 Scheme DTE Karnataka Subjects. The detail syllabus for elements of economics is as follows.

Pre-requisites:

Knowledge of business activities, finance and investment options

Course Objectives:

The students shall be able to:

1. To understand various terminologies used in economics.
2. To understand how the business organizations applies the economic principles .
3. To know how the market conditions affects the business decisions.
4. To know how to apply strategic price policies.
5. To know how to forecast demand for products in market.

Course Outcomes:

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UNIT-1: Introduction To Economics

Introduction – Definitions and meaning-The Concept of an Economy – Basic Problems of an Economy – Organization of Economic Activities-Centrally Planned Economy – Market Economy -Mixed Economy.-Concepts of Micro and Macroeconomics – Uses and limitations of Micro and macro economics . Money-Meaning, feature, functions.

UNIT-2: Consumption

WANTS: Meaning – Characteristics -Types of Human Wants -GOODS: Meaning -Types of Goods -CONSUMPTION: Meaning – Characteristics – Importance – Types of Consumption – UTILITY Meaning – Characteristics – Forms of Utility- Law of Diminishing Marginal Utility -DEMAND Meaning – Features of Demand – Demand Function – Concept of Law of Demand – Exceptions to the Law of Demand. – Factors Determining the Demand – Elasticity of Demand-types of elasticity o demand-demand forecasting.

UNIT-3 :Production Analysis

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UNIT4- Market Structure:

Meaning of Market, Firm and Industry – Market Structure – Meaning and Features of Perfect Competitive Market- Monopoly – Features – Monopolistic Competition – Meaning, Features,-Oligopoly – Duopoly ,meaning and Characteristics.

UNIT-5: PRICE AND OUTPUT DECISIONS:

Dimensions of pricing, objectives-profit maximization rule-demand related pricing-cost related pricing-competition oriented pricing-pricing methods-full cost pricing-incremental cost pricingconversion cost pricing.

BOOKS FOR REFERECE:

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SUGGESTED STUDENT ACTIVITIES:

1. Preparation of chart on human wants.
2. Draw the curves on elasticity of demand and other laws.
3. Select and discuss the case studies that will have impact on business decision making. 4
4. Make a Survey report on the demand forecasting for a product.
5. Student to choose a product and apply price elasticity in real situation

Model Question Paper:

PART-A

1. Give the meaning of Economics and Explain welfare definition.
2. What is economy? State its problems.
3. Explain the factors influencing human wants.
4. What is consumption? Explain the types.
5. what is production function? Explain its importance.
6. Explain the concepts of Total, average and marginal products.
7. what are the main features of perfect competition.
8. Distinguish between perfect competition and monopoly.
9. Explain in brief the dimensions in pricing.
10. Give the meaning of money.

PART -B

1. Distinguish between Micro and macro economics.
2. Explain different characteristics of human wants.
3. Defineutility .Explain its forms.
4. Explain the law of diminishing marginal utility with diagram
5. Enumerate the dimensions of pricing which influence managerial decisions.
6. What is monopoly? Explain its main features.
7. Trace the different problems of an economy.
8. Explain different methods of pricing.
9. Define goods. List out various types of goods.
10. Explain the law of variable proportion.
11. State and explain the functions of Money.

For detail syllabus of all other subjects of BE Cp, C15 scheme do visit Cp 5th Sem syllabus for C15 scheme.

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