Economics

  1. Micro Economics

 

    video 1.Consumer  behaviour,  Determination   of  market  demand  and  supply  i.e.  concept  of elasticity of Demand & Supply, Static, Comparative Static Analysis, Distinction between partial and general equilibrium analysis (basic level), theory   of   the   Firm,   Producer’s equilibrium,  Pricing  of  the  factors  of production

 

  1. Macro Economics

 

Basic      Economic       Concepts,   National Income Accounting,  Consumption  Function, Multiplier, Accelerator, Component of Aggregate Demand, Labour Demand and Supply, Un-Employment,  Determination  of equilibrium  level of income and output (at least with reference to two or three “schools of thought”), Inflation.

 

III.       Money and Banking

 

Functions    of   Money,   Quantity   Theory   of   Money,   The   Fisher   and Cambridge Formulations,    Systems    of    note    issue,    Credit    Creation, Functions   of   Central Banks,   Instruments    of   Credit   Control,     Distinction  between  Goals,  Operational  & Intermediate  Target of Central Banks Policy, Concept  of Reserves,  Liquidity Premium, Term  Structure  of Interest  Rate,  etc; Transmission  Mechanisms  of  Monetary  Policy, Theory   of Liquidity Preference. TVM, Capital Structure, Capital Restructuring, IS-LM Analysis and The role of Central Bank, Money Demand and Supply.

 

  1. Public Financing

 

Government expenditure, Sources of Government Revenue, Privatization, Taxes and non- taxes,  Incidence  of  different  taxes,  Public  Debt,  Objectives,  methods  of repayment, Deficit financing,  General Equilibrium Analysis, Welfare Economics, Fiscal Policy.

 

  1. International Trade

 

Theories   of   comparative   advantage   and   Factor   Endowments,   Trade   &   Growth, Colonialism,    Imperialism   and   International    Trade,   Trade   Restrictions,    Economic Integration,   Trade   Policy,   Balance   of   Payments,   Foreign   Exchange,   International Monetary system, Custom Unions.

 

 

  1. Economic Development

 

Concepts   of   development,   Human   development,   Historical   growth   process   and Development,   Theories   of  development,   structural   issues  of  development,   Income distribution and poverty, sectoral (agricultural, Industry, trade and fiancé) issues and development, environment and development.