DEPARTMENT OF
ECONOMICS
OPEN COUUSE
FUNDAMENTALS OF
ECONOMICS
WHY ECONOMICS??

One of the and fastest growing subject

Close relationship with our daily life
Why?????

Applicability in
-----daily life
-------future career.
What are the topics covered

FOUR MODULES.........
MODULE 1
BASIC CONCEPTS—
 CLASSIFICATION –MICRO –MACRO –
PRODUCTION POSSIBILITY CURVE –
LAW OF DEMAND—ELASTICITY OF
DEMAND


NATIONAL INCOME CONCEPTS
MODULE 2-PUBLIC ECONOMICS
SOURCE OF PUBLIC REVENUE –TAX
AND NON –TAX
 CLASSIFICATION OF TAX-DIRECT
AND INDIRECT TAX
 PUBLIC DEBT AND PUBLIC
EXPENDITURE


MONETARY POLICY AND FISCAL
POLICY
MODULE 3-FINANCIAL SYSTEM
AND INTERNATIONAL TRADE
MONEY AND ITS FUNCTIONS NEGOTIALBLE AND NONNEGOTIABLE INSTRUMENTS –BILL OF
EXCHANGE –PROMISORY NOTECHEQUE ,DRAFTS Etc
 Banking techniques –functionsinstruments
 Stock exchange –functions –shares
debentures and bonds

Module 4 –Indian economic
development
Economic planning in India
 Current five year plan
 Green revolution
 New economic policy of India—
liberalisation globalization and
privatization
 Major features population in India and
Kerala
 Kerala Model of development
