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Unit - 1
Micro Economics
● Theory of Consumer Behaviour
● Theory of Production and Costs
● Decision making under uncertainty Attitude towards Risk
● Game Theory – Non Cooperative games
● Market Structures, competitive and non-competitive equilibria and their efficiency properties
● Factor Pricing
● General Equilibrium Analysis
● Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization
● Welfare Economics: Fundamental Theorems , Social Welfare Function
● Asymmetric Information: Adverse Selection and Moral Hazard
Unit - 2
● Theory of Consumer Behaviour
● Theory of Production and Costs
● Decision making under uncertainty Attitude towards Risk
● Game Theory – Non Cooperative games
● Market Structures, competitive and non-competitive equilibria and their efficiency properties
● Factor Pricing
● General Equilibrium Analysis
● Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization
● Welfare Economics: Fundamental Theorems , Social Welfare Function
● Asymmetric Information: Adverse Selection and Moral Hazard
Unit - 2
Macro Economics
● National Income: Concepts and Measurement
● Determination of output and employment: Classical & Keynesian Approach
● Consumption Function
● Investment Function
● Multiplier and Accelerator
● Demand for Money
● Supply of Money
● IS – LM Model Approach
● Inflation and Phillips Curve Analysis
● Business Cycles
● Monetary and Fiscal Policy
● Rational Expectation Hypothesis and its critique
Unit - 3
● National Income: Concepts and Measurement
● Determination of output and employment: Classical & Keynesian Approach
● Consumption Function
● Investment Function
● Multiplier and Accelerator
● Demand for Money
● Supply of Money
● IS – LM Model Approach
● Inflation and Phillips Curve Analysis
● Business Cycles
● Monetary and Fiscal Policy
● Rational Expectation Hypothesis and its critique
Unit - 3
Statistics and Econometrics
● Probability Theory: Concepts of probability, Distributions, Moments, Central Limit theorem
● Descriptive Statistics – Measures of Central tendency & dispersions, Correlation, Index Numbers
● Sampling methods & Sampling Distribution
● Statistical Inferences, Hypothesis testing
● Linear Regression Models and their properties – BLUE
● Identification Problem
● Simultaneous Equation Models – recursive and non-recursive
● Discrete choice models
● Time Series Analysis
● Probability Theory: Concepts of probability, Distributions, Moments, Central Limit theorem
● Descriptive Statistics – Measures of Central tendency & dispersions, Correlation, Index Numbers
● Sampling methods & Sampling Distribution
● Statistical Inferences, Hypothesis testing
● Linear Regression Models and their properties – BLUE
● Identification Problem
● Simultaneous Equation Models – recursive and non-recursive
● Discrete choice models
● Time Series Analysis
Unit - 4
Mathematical Economics
● Sets, functions and continuity, sequence, series
● Differential Calculus and its Applications
● Linear Algebra – Matrices, Vector Spaces
● Static Optimization Problems and their applications
● Input-Output Model, Linear Programming
● Difference and Differential equations with applications
Unit - 5
● Sets, functions and continuity, sequence, series
● Differential Calculus and its Applications
● Linear Algebra – Matrices, Vector Spaces
● Static Optimization Problems and their applications
● Input-Output Model, Linear Programming
● Difference and Differential equations with applications
Unit - 5
International Economics
● International Trade: Basic concepts and analytical tools
● Theories of International Trade
● International Trade under imperfect competition
● Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms
● Exchange Rate: Concepts and Theories
● Foreign Exchange Market and Arbitrage
● Gains from Trade, Terms of Trade, Trade Multiplier
● Tariff and Non-Tariff barriers to trade; Dumping
● GATT, WTO and Regional Trade Blocks; Trade Policy Issues
● IMF & World Bank
Unit - 6
● International Trade: Basic concepts and analytical tools
● Theories of International Trade
● International Trade under imperfect competition
● Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms
● Exchange Rate: Concepts and Theories
● Foreign Exchange Market and Arbitrage
● Gains from Trade, Terms of Trade, Trade Multiplier
● Tariff and Non-Tariff barriers to trade; Dumping
● GATT, WTO and Regional Trade Blocks; Trade Policy Issues
● IMF & World Bank
Unit - 6
Public Economics
● Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality
● Regulation of Market – Collusion and Consumers’ Welfare
● Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation
● Public expenditure
● Public Debt and its management
● Public Budget and Budget Multiplier
● Fiscal Policy and its implications
● Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality
● Regulation of Market – Collusion and Consumers’ Welfare
● Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation
● Public expenditure
● Public Debt and its management
● Public Budget and Budget Multiplier
● Fiscal Policy and its implications
Money and Banking
● Components of Money Supply
● Central Bank
● Commercial Banking
● Instruments and Working of Monetary Policy
● Non-banking Financial Institutions
● Capital Market and its Regulation
Unit - 8
● Components of Money Supply
● Central Bank
● Commercial Banking
● Instruments and Working of Monetary Policy
● Non-banking Financial Institutions
● Capital Market and its Regulation
Unit - 8
Growth and Development Economics
● Economic Growth and Economic Development
● Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach.
● Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor
● Technical progress – Disembodied & embodied; endogenous growth
● Indicators of Economic Development: PQLI, HDI, SDGs
● Poverty and Inequalities – Concepts and Measurement
● Social Sector Development: Health, Education, Gender
Unit-9
● Economic Growth and Economic Development
● Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach.
● Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor
● Technical progress – Disembodied & embodied; endogenous growth
● Indicators of Economic Development: PQLI, HDI, SDGs
● Poverty and Inequalities – Concepts and Measurement
● Social Sector Development: Health, Education, Gender
Unit-9
Environmental Economics and Demography
● Environment as a Public Good
● Market Failure
● Coase Theorem
● Cost-Benefit Analysis and Compensation Criteria
● Valuation of Environmental Goods
● Theories of Population
● Concepts and Measures: Fertility, Morbidity, Mortality
● Age Structure, Demographic Dividend
● Life Table
● Migration
● Environment as a Public Good
● Market Failure
● Coase Theorem
● Cost-Benefit Analysis and Compensation Criteria
● Valuation of Environmental Goods
● Theories of Population
● Concepts and Measures: Fertility, Morbidity, Mortality
● Age Structure, Demographic Dividend
● Life Table
● Migration
Indian Economy
● Economic Growth in India: Pattern and Structure
● Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
● Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
● Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
● Rural Development – Issues, Challenges & Policy Responses
● Urban Development – Issues, Challenges and Policy Responses.
● Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
● Infrastructure Development: Physical and Social; Public-Private Partnerships
● Reforms in Land, Labour and Capital Markets
● Centre-State Financial Relations and Finance Commissions of India; FRBM
● Poverty, Inequality & Unemployment
● Economic Growth in India: Pattern and Structure
● Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
● Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
● Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
● Rural Development – Issues, Challenges & Policy Responses
● Urban Development – Issues, Challenges and Policy Responses.
● Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
● Infrastructure Development: Physical and Social; Public-Private Partnerships
● Reforms in Land, Labour and Capital Markets
● Centre-State Financial Relations and Finance Commissions of India; FRBM
● Poverty, Inequality & Unemployment