Microeconomics & Statistics

Unit 1: Introduction to Concepts of Market Structure

Microeconomics
20 Hours 10 Marks
  • Basic Concepts of Forms of Markets:
    • Perfect Competition (Definition & Features)
    • Monopoly (Definition & Features)
    • Natural Monopoly (Definition & Features)
    • Monopolistic Competition (Definition & Features)
    • Oligopoly (Definition & Features)
  • TR, AR & MR:
    • Under Fixed Price
    • Under Variable Price
    • Equilibrium Condition under Perfect Competition
    • Equilibrium Condition under Monopoly
  • Financing through Debt & Equity:
    • Basics of Financial Instruments (Stocks & Bonds)
    • Definitions & Differences
  • Problems of Externality:
    • Social Cost & Private Cost
    • Problems of Market Failure
    • Special Reference to Environmental Problems
  • Public Goods & Private Goods

Unit 2: Basics of International Trade

Microeconomics
20 Hours 10 Marks
  • Difference Between Internal Trade & International Trade
  • Concept of Absolute Advantage
  • Concept of Comparative Advantage
  • Gains from Trade
  • Concepts of Tariff & Quota:
    • Definition of Tariff
    • Definition of Quota
  • Basic Ideas about:
    • Trade Liberalization
    • Bilateral Trade Agreements
    • Regional Trade Agreements

Unit 3: Measures of Dispersion

Statistics
17 Hours 8 Marks
  • Absolute Measures of Dispersion:
    • Range
    • Standard Deviation
    • Variance
    • Quartile Deviation
  • Relative Measure of Dispersion:
    • Coefficient of Variation

Unit 4: Correlation

Statistics
17 Hours 8 Marks
  • Concept
  • Scatter Diagram
  • Spearman's Rank Correlation
  • Pearson's Correlation Coefficient

Unit 5: Index Numbers

Statistics
6 Hours 4 Marks
  • Concept & Use
  • CPI (Consumer Price Index)
  • WPI (Wholesale Price Index)