Economics
Definition: Economics for Engineers introduces micro and macro economic principles, demand-supply analysis, and their application in engineering decisions.
Available PYQs:
2018
2019
2020
2023
2024
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Detailed Syllabus
Module 1: Introduction to Economics
- Basic economic problems.
- Micro vs macro economics.
Module 2: Demand and Supply
- Law of demand, elasticity.
- Supply curve, market equilibrium.
Module 3: Production and Cost
- Production function, returns to scale.
- Cost concepts, break-even analysis.
Module 4: Market Structures
- Perfect competition, monopoly.
- Monopolistic competition, oligopoly.
Module 5: National Income
- GDP, GNP measurement.
- Inflation and unemployment.
Module 6: Money and Banking
- Functions of money, banking system.
- Monetary policy.