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Prerequisites: Course Contents Basic concepts in business economics, Economics of Market, Utility theory, Determination of Price, Production Function, Theories of Competition, Theory of Supply and Demand, Micro Level Firm Behavior, Market Structure and Price, Concept of GDP, Theories of Money Supply, theory of Macro Economics. National Income and domestic product. Keynesian theory of income determination, Monetary approach, Inflation, balance of Payments, Structure of Indian economy, Indian economic growth and development.
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