BSc Economics Hons Syllabus Calcutta University (Semester 3)

Moving into the second year? The Semester 3 Economics Hons Syllabus for Calcutta University dives deeper into core theoretical frameworks. This semester is critical as it introduces Intermediate Microeconomics & Macroeconomics, shifting from basic principles to complex mathematical modeling. Download the official PDF below to access the full curriculum.

1. Intermediate Microeconomics (I)

• Consumer Theory: Preferences, Utility Maximization, Slutsky Equation (Income & Substitution Effects).
• Production & Cost: Production functions, Returns to Scale, Cost minimization, and Cost curves.
• Market Structures: Perfect Competition equilibrium in Short & Long run.

2. Intermediate Macroeconomics (I)

• The IS-LM Model: Goods and Money market equilibrium, Derivation of IS and LM curves.
• Policy Effectiveness: Monetary and Fiscal policy multipliers in the IS-LM framework.
• Labor Market: Wage determination, Natural rate of unemployment, and Phillips Curve.

3. Mathematical Methods / Statistics

• Optimization: Constrained and Unconstrained optimization (Lagrange Multiplier).
• Probability Distributions: Binomial, Poisson, and Normal distributions.
• Sampling: Sampling distributions, Standard Error, and Hypothesis Testing basics.

4. SEC: Data Analysis / Development

• Skill Enhancement: Practical applications of data analysis using software (Excel/R).
• Development Issues: Measures of poverty, inequality, and human development indices.