BLS LLB Economics Syllabus Sem 1 - Mumbai University | munotes

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Syllabus for Economics

Semester 1 · First Year · 4 credits

Foundation of Economics
1 The Nature and Significance of economic science and its relevance to law, Difference between Micro and Macro Economics, Positive
economics and Normative economics
2 Law of demand, Elasticity of Demand and Law of supply
3 Market structure- Features of Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
4 Circular Flow of Income
5 National Income and its measurement (GDP, NDP,GNP, NNP, PCI, GVA, Green GDP)
6 Trade Cycles-Phases

Indian Economy
1 Salient features of Indian Economy and Structural changes
2 Causes of Low Agricultural Productivity and Government measures to improve its productivity
3 Poverty- Poverty Line, Causes and its alleviation strategies
4 Population- Size and composition, Causes of high growth and Demographic Dividend
5 NITI Aayog- Structure and Functions
6 Food Security and recent trends
7 New Industrial Policy,1991
8 Micro, Small and Medium Enterprises (MSMEs) – Problems and Policies

Financial Markets and Fiscal System
1 Indian Money Market- Features and recent trends
2 Indian Capital Market- Features and Growth
3 Measures of Money Supply in India
4 Indian Tax Structure- Direct and Indirect Taxes
5 Sources of Public Revenue
6 Public Expenditure- Classification and Causes of growth of Public Expenditure
7 Intergovernmental Fiscal Relations in India- Centre- State Fiscal Relationship
and Finance Commission

1 H. L. Ahuja – Advanced Economic Theory, Publisher- S. Chand, New Delhi, India.
2 Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, Publisher- Pearson, Delhi, India.
3 D. N. Dwivedi- Macroeconomics- Theory and Policy, Publisher- McGraw Hill Education, India.
4 H. L. Ahuja – Macroeconomics- Theory and Policy, Publisher- S. Chand, New Delhi, India.
5 Ramesh Singh- Indian Economy, Publisher- McGraw Hill Education, India.
6 V. K. Puri and S. K. Misra- Indian Economy, Publisher- Himalaya Publishing House, Mumbai, India.
7 Editorial Board Pratiyogita Darpan, Pratiyogita Darpan Extra Issue series- General Studies Indian Economy, Publisher- Upkar Prakashan, Agra, India.
8 L. M. Bhole and Jitendra Mahakud- Financial Institutions and Markets, Structure, Growth& Innovations, Publisher- McGraw Hill Education, India.
9 Publications available onhttps://www.rbi.org.in/ Richard A. Musgrave and Peggy B. Musgrave- Public Finance in theory and practice, 1. a. Publisher- McGraw Hill Education, International Edition, 1989.
1 M. L. Jhingan- International Economics, Publisher- Vrinda Publications (P) Ltd., New Delhi, India.
1 Francis Cherunilam- International Economics, Publisher-Tata McGraw-Hill Publishing Company Limited, New Delhi, India. 1.H. L. Bhatia- Public Finance, Publisher- Vikas Publishing House Pvt. Limited, NewDelhi, India

Reproduced from the University of Mumbai Revised Syllabus for LL.B. (5 years) Five Years Integrated Course (CBCS), in force from the academic year 2022-23 and amended in June 2023. Wording is as printed in that syllabus. Module numbering is as printed there too.

This subject is cut from the revised syllabus. Open a document here if you want the whole thing rather than a single subject.

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