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 Home > STUDENTS > Law Students Series > LLB Textbooks |
10
This book on Economics is written keeping in mind the needs of law students for acquiring knowledge of economics for a better understanding of the law and its processes in society. The five-year integrated LL.B. course introduced by the Bar Council of India provides for compulsory teaching of economics in the early years of the program. Of late, Economics has become a subject full of mathematical equations and statistical analysis making much of it incomprehensible to a non-expert. This book has avoided many of these sophistications and has attempted to explain the concepts and principles in such a manner as to generate interest among law students. In this regard, a maiden attempt was made in the first edition of the textbook on Economics for Law students, giving a unique presentation of the subject in the context of integrated legal studies. In this book, an attempt has been made to outline the impact of the New Economic Policy (NEP) on each topic in Economics and the Legal Adjustments and Reforms necessary for the implementation of NEP.
The book broadly has two parts. Part I- deals with the Macro and Micro aspects of Economics. It is divided into Introduction, Micro Economic Theory, Macro Analysis, Applied Economics, and Economic Challenges. In each chapter, care has been taken to focus on the interaction and inter-relationship of Law and Economics. Wherever relevant, case law relating to socio-economic legislation has been critically examined. The final chapter summarises the various economic concepts developed in the book. Part II- deals with the Economic Analysis of Law. Additionally, some important topics dealt with are Tort Law, Contract, Criminal Law and Criminal Judicial System, Tax Evasion and Avoidance, and Consumer Protection Act.
For the benefit of the students, suggested questions and selected Bibliography have been included.
Every law student should have a better knowledge of the current economic problems of the nation. The authors have made a sincere effort for analysing such problems. The book is a useful guide for every law student to make a voyage into the vast ocean of law with great confidence.
PART I - INTRODUCTION
1. Economics & Law
2. Pot Pourrie of Economics
MICROECONOMIC THEORY
1. Basic Economic Concepts-Demand and Supply
2. Market Structures-Economic features
3. Price Policy-Product Pricing and Factor Pricing Theories etc.
4. Theory of Distribution
5. Labour and Wages
6. Rent and Interest
7. Capital-Domestic and Foreign
8. Human Capital
9. Organisation-Profits [Appendix: Administration & Law]
MACROECONOMIC POLICIES
1. Macroeconomics-Approach-And Policy Issues
2. Money and Banking
3. Public Finance-Fiscal Policy-Position in India
4. National Income
INTERNATIONAL ECONOMICS
1. Foreign Trade
2. International Financial Institutions
ECONOMIC CHALLENGES
1. Inflation, Recession, and Stagflation
2. Defending National Currency (Indian Rupee) in the International Financial Market: (vis-a-vis other Foreign Currencies)-Balance of Payments Crisis
3. Energy Crisis
APPLIED ECONOMICS
1. Economic Growth and Development
2. Inequalities of Income, Wealth, Unemployment and Poverty
3. [Appendix: Equality in an un-equal society-Rule of Law-An analysis
4. Planning in India-Broad Features-Five Year Plans Evaluation
5. Agrarian Reforms-Legal Issues and Solutions
6. Urban Economics
7. Population: Problems & Remedies
8. Costs of Economic Growth-Social Imbalances and Social Cost
9. Economic Systems
NEW ECONOMIC POLICY
1. New Economic Policy (NEP)-Features and Problems
2. Role of State in the Market Economy with Reference to New Economic Policy
3. Structural Adjustment,-Adjustment Problems, and Legal Adjustments-Areas of Reforms
Globalization of the Economy-Features, Relevancy to India-Legal Problems and Solutions- An Analysis [Appendix: Economic Terrorism-Rule of Law-Market Economy]
4. Final Chapter
PART II
1. Interactional Dimensions of Law & Economics (Macro)
2. Micro Analysis of Legal Economics: Neo-Institutional Model
3. Tort Law
4. Contract Law
5. Regulation-Consumer Protection Act
6. Tax Avoidance and Evasion-The Role of Tax Administration
7. Criminal Law and Criminal Justice System
PART III
BIBLIOGRAPHY
SELECTED QUESTIONS
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