CALCUTTA UNIVERSITY
for B.Com. Honours and General
CONTENTS
GE 1.1 Chg
Microeconomics I & Statistics (50+50)
Marks : 100
| Internal Assessment : | 20 marks |
| Semester-end Examinations : | 80 marks |
| Total | 100 marks |
Marks shown against the units indicate marks for Semester-end Examination
Module I : Microeconomics I
| Internal assessment : | 10 marks |
| Semester-end Examinations : | 40 marks |
| Total | 50 marks |
| Important MCQs from Introduction of Microeconomics I : | English Version | Bengali Version |
Unit – I : Demand and Consumer behaviour
Demand : Concept of demand, demand function, law of demand, derivation of individual and market demand curves, shifting of the demand curve; elasticity of demand.
Consumer behaviour : Marshallian utility approach and indifference Curve approach; Utility maximization conditions, Income-Consumption Curve (ICC) and Price-Consumption Curve (PCC) : Derivation of demand curve from PCC.
Unit – II : Production and Cost
Production function : Short-run and Long-run; Relation among Total Product, Average Product and Marginal product, Law of returns to a variable factor, Law of Returns to Scale, Concepts of Iso-quant and Iso-cost line; Conditions for optimisation (graphical approach).
Cost : Accounting and Economic Costs; Social and Private Costs, Short-run and Long-run Costs; Relation between Average and Marginals Costs; determination of LAC curve from SAC curves, LMC.
Unit – III : Perfect Competition
Concept of Perfectly Competitive market : Assumptions, Profit maximisation condition; Related concepts of Total revenue, Average Revenue and Marginal Revenue, Short-run and Long-run equilibrium of a firm; determination of short-run supply curve of a firm, measuring producer surplus under perfect competition, Stability analysis- Walrasion and Marshallian, demand-supply analysis including impact of taxes and subsidy.
Module II : Statistics
| Internal Assessment : | 20 marks |
| Semester-end Examinations : | 80 marks |
| Total | 100 marks |
Unit 1. Fundamentals :
Definition of Statistics, Scope and limitation of Statistics, Attribute and variable, Primary and secondary data, Method of data collection, Tabulation of data, Graphs and charts, Frequency distribution, Diagrammatic presentation of frequency distribution.
Unit 2. Measures of Central Tendency :
Meaning of central tendency, Common measures – mean (A.M., G.M., H.M.), median and mode, Partition values – quartiles, deciles and percentiles, Applications of different measures.
Unit 3. Measures of Dispersion :
Meaning of dispersion, Common measure – range, quartile deviation, mean deviation and standard deviation; Relative measures of dispersion, Combined standard deviation, Applications of different measures.
Unit 4. Moments, Skewness and Kurtosis :
Different types of moments and their relationships, Meaning of skewness and Kurtosis. Different measures of skewness, Measure of kurtosis, Applications of different measures.
Unit 5. Interpolation :
Finite differences, Polynomial function, Newton’s forward and backward interpolation formula, Lagrange’s interpolation formula.
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