Introduction to Micro Economics Introduction to Micro Economics Theory of Demand and Supply Law of Demand and Elasticity of Demand Theory of Consumer Behaviour Theory of Supply Theory of Production and Cost Theory of Production Theory of Cost Price Determination in Different Markets Meaning and types of Market Determination of Prices Price determination in these markets Indian Economy – A Profile Nature of the Indian Economy Role of different sectors National Income of India Basic understanding of tax system of India Select Aspects of Indian Economy Population Poverty Unemployment Infrastructure Challenges Inflation Budget and Fiscal deficits Balance of payments External debts Economic Reforms in India Economic reforms since 1991 Liberalization, Privatization and Disinvestment Globalization Money and Banking Money – Meaning and functions Commercial Banks – Role and functions Reserve Bank of India – Role and functions, Monetary policy