Economics
Economics
Subject Code: 3041
Course Title: Economics
Course No: 3041
Nature of Course: Theory & Practical
Full Marks: 75
Pass Marks:
Credit Hours: 5
Course Description
Course Objective
Course Contents
Unit 1: Basic Concept of Economics and Resource Allocation
1.1 Concepts of Scarcity and Choice2 Hrs.
1.2 Concept of Opportunity Cost
1.3 Production Possibility Curve (PPC): Concepts, Shape and Shift
1.4 Concept of Allocation of Resources
1.5 Division of Labor and Specialization: Advantages and Disadvantages
1.6 Economic System (Market, Command and Mixed): Types and Features
Unit 2: Micro Economics
2.1 Market and Revenue Curves
2.2 Cost Curves
Unit 3: Macro Economics
3.1 Banking System and Monetary Policy
3.2 Government Finance3.3 International Trade
3.4 Exchange Rate: Meaning and Types
3.5 Free Trade and Protection Trade: Advantages and Disadvantages
3.6 Comparative Cost Theory of International Trade
Unit 4: Development Economics
4.1 Poverty, Inequality, Unemployment and Human Resources
4.1.1 Concept of Poverty, Inequality and Unemployment
4.1.2 Causes of Poverty and Inequality, Measures to Minimize Poverty and Inequality
4.1.3 Unemployment: Types, Causes and Measures to Provide Employment
4.1.4 Human Resources: Concepts and Roles
4.1.5 Concepts of Human Development Indicators and Human Development Index (HDI)
4.1.6 Population of Nepal: Current Status (Size, Structure, Distribution and Growth Rate)
Unit 5. Nepalese Economy
5.1 Foreign Trade of Nepal and Foreign Employment12 Hrs.
5.1.1 Concepts of Nepalese Foreign Trade
5.1.2 Foreign Trade of Nepal: Growth and Trend, Direction, Competition and Problems of Nepalese Foreign Trade
5.1.3 Concepts of World Trade Organization (WTO) and South Asian Free Trade Area (SAFTA)
5.1.4 Foreign Employment and Remittance: Current Situation, Advantages and Disadvantages
5.2 Development Planning of Nepal
5.2.1 Concept of Development Planning5.2.2 General Evaluation of Immediate Past Plan
5.2.3 Current Development Plan: Goals, Priorities and Policies
5.2.4 Process of Plan Formulation in Nepal5.3 Sustainable Development Goals of UN and Nepal
5.3.1 Concepts of Sustainable Development Goals of UN: 17 Goals5.3.2 No Poverty and Nepal
5.3.3 Zero Hunger and Nepal
5.3.4 Decent Work, Economic Growth and Nepal
5.3.5 Quality Education and Nepal
Unit 6:Quantitative Techniques in Economics
6.1.2 Collection of Data: Method of Collecting Primary Data, Sources of Secondary Data
6.1.3 Standard Deviation, Coefficient of Variation (CV) and Variance
6.1.4 Index Number: Price Index Number – Laspeyre’s and Paasche’s Price Index Number
