What are the subjects in the BA Economics course?

The duration of the BA Economics course is three years. These three years are then divided into 6 semesters. During all 6 semesters, the students study various different subjects related to Economics. The semester-wise subjects list has been created below for the students who want to pursue a BA economics course.

BA Economics Subjects: 1st Year

1st Semester	2nd Semester
Evolution and Definition of Economics	Economies of Scale
Nature & Scope of Economics	Different Concepts of Costs Explicit & Implicit
Methods of Economics Analysis	Accounting, Opportunity, Total fixed and Variable Costs
Inductive & Deductive Logic, Merit, and Demerits	Marginal & Average Costs & their relationship
Utility Demand, Supply	Concept of Revenue
Commodities and their types	Total, Marginal & Average Revenue
Value and Price	Break-Even Point
Market	Concept and Classification
Administered and Non- Administered Prices	Perfect Competition Characteristics
Demand- Supply Equilibrium	Price and Output Determination for Firm and Industry
Cardinal (Marshal) and Ordinal Utility	Market Equilibrium
Approaches to Demand	Characteristics and Price- Output Determination
Indifference Curve: Consumer equilibrium (Hichs & Slutsky)	Price Discrimination
Price, Income and Substitution effects	Monopolistic Competition
Derivation of Demand Curve	Characteristics Price - Output Determination
Elasticity of Demand	Factor Pricing
Price, Income, and Cross Elasticity	Theory of Marginal Productivity of Distribution
Consumer Surplus and its Measurement	Concept of Adding up Theorem
Factors of Production and their Characteristics	Theories of Wages and Rent: Classical and Modern
Laws of Production	Interest: Concept, Classical and Keynesian Theories of Interest
Returns to Factor and Return to Scale	Profit: Net and Gross
Law of Variable Proportion	Theories of Profit
Isoquants' Nature and their Characteristics	-
Producers Equilibrium

BA Economics Subjects: 2nd Year

3rd Semester	4th Semester
Structure of Indian Economy - Primary, Secondary & Tertiary Sectors	The infrastructure of the Indian Economy
Natural Resources, Land, Water, Forest	Irrigation, Power, Transport, Communication
Mineral Resources	Banking and Insurance
Demographic Features	Human Infrastructure of the Indian Economy
Population, Size, Sex, Rural-Urban Classification	Health, Nutrition, Education, Knowledge, and Skills
Population Distribution	Housing and Sanitation
Recent National Population Policy	Planning in India- Objectives, Types, Strategy
Agriculture: Nature and Importance	Analysis of Current Five-Year Plan
Land Use Pattern	Economy- Land, land Utilization Pattern
Trends in Agriculture Production and Productivity	Natural Resources- Forest, Water & Mineral
Cropping Pattern	Agro-Climatic Zones
Land Reforms: Green Revolution	Demographic Features of M.P
Rural Credit	Agricultural Situation in Economy
Agricultural Marketing	Cropping Pattern
Mechanisation	Production and Productivity of Main Corps,
Small Scale and Cottage Industries- Meaning, Importance and Problems	Sources of Credit in Agriculture, Irrigation
Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles	-

BA Economics Subjects: 3rd Year

5th Semester	6th Semester
Macro Variables- Stock and Flow	Public Finance and Public Economics
Circular Flow of income	Public, Private, and Merits Goods
Concept of National Income- GDP, GNP	Market and State- Role and Functions
Measurement of National Income and Social Accounting in India	Principle of Maximum Social Advantage
National Income and Economic Welfare	Sources of Revenue- Taxes, Loans, Grants, and Aids
Classical Theory of Employment	Canons of Taxation
Keynesian Theory of Employment	Principles of Public Expenditure
Aggregate Demand and Supply Functions	Principles of Public Debt and Methods of Redaction
Effective Demand	Wagener's Law- Increasing Activities
Consumption Function	Effects of Public Expenditure on Production and Distribution.
Factors Affecting Consumption	Public Finance in India
Average and Marginal Propensities to Consume	Concept and Types of Budget
Simple Investment	Fiscal Deficit
Saving Function & Sources of Saving Mobilization	Deficit Financing and Deficit Budget
Investment Function	Constitution and Function of Finance Commission
Marginal Efficiency of Capital	Recommendation of Latest Finance Commission
Factors Affecting Capital Formation	Latest Budget
Concept of Accelerator	The stock of Money and its Measures
-	Cash Transaction and Cash Balance Approaches.
-	Inflation, Deflation, and Recession
-	Demand-Pull and Cost-Push Inflation
-	Bank- Meaning and Types
-	Objectives and Limitations of Monetary Policy

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