4EC10 HUMANITIES

UNIT 1 : INDIA-

Brief History of Indian Constitution- framing, features, fundamental rights, duties,

directive principles of state. History of Indian national movement, Socio economic growth after

independence.

UNIT 2 : SOCIETY –

Social Groups- Concepts and types, socialization- concept and theory, social

control; concept, social problem in contemporary India, status and role.

UNIT 3 : THE FUNDAMENTALS  OF ECONOMICS –

Meaning, definition and importance of economics,

Logic of choice,  Central Economic Problems, Positive and Normative  approaches, economic systems-

socialism and capitalism.

UNIT 4 : MICROECONOMICS –

Law of demand and supply, Utility approach, Indifference curves,

Elasticity of demand & supply and applications, Consumer surplus, Law of returns to factors and returns

to scale.

UNIT 5: MACRO ECONOMICS –

Concept relating to national product-National income and its

measurement, Simple Keynesian theory, Simple multiplier, Money and banking,- Meaning, Concept of

international trade, Determination of exchange rate, Balance of payments. Characteristics of Indian

Economy.