This course attempts to give students the fundamental tools of analysis and decision-making at the micro level. It examines the ways by which these could profitably be employed in the context of managerial decision-making concerning households, business firms, markets, and factors of production. The teaching of the course is done with the help of numerous applications and cases to illustrate the use of theory and to reinforce the students’ understanding of it.
The course is designed to enable students to handle the issues involved in building and managing banks and other financial institutions from the perspective of a less developed country, including its institutional variations and policy framework. The course builds on the contributions of two main disciplines, economics and finance. It would acquaint the students with the analytical tools for rolling out a new venture or managing an existing financial institution.
The course covers the theoretical models, empirical techniques, and policy tools to offer a basic understanding of the interface between growth and the environment. With the assumption that the students have been exposed to the fundamentals of both microeconomics and macroeconomics, this course deals with the environmental and ecological issues concerning welfare economics and natural resource economics. The course looks into market failure and tries to answer the question of why, even with apparent environmental protection and government regulation, markets most often remain far away from Pareto optimality. In the process of answering this question, the course will touch upon externalities, property rights, Pigovian taxes, valuation of natural resources, cost-benefit analysis, sustainability, and other related policy aspects.