First Paper : Macro-Economics and Public Finance
1. Macro Economics : Meaning, Nature, Scope, Importance, Types, Limitations and Basic Concepts 2. Concept of GDP and National Income 3. National Income : Definition, Measurement and Aggregates 4. Unemployment : Types, Causes and Remedies 5. Say’s Law of Markets 6. Theory of National Income Determination : Classical Theory 7. Keynesion Theory of Employment 8. Consumption Function 9. The Saving Function 10. Theory of Investment 11. Marginal Efficiency of Capital 12. Ex-Post and Ex-Ante Keynes Theory of Output and Employment 13. Keynesion Economics and Developing Countries
Second Paper : Money Banking and International Trade
1. Money : Nature, Functions and Significance 2. Classification of Money (Kinds) 3. Role (Importance) of Money : In Capitalist, Socialist and Mixed Economies 4. Monetary Standard : Gold Standard 5. Monetary Standard : Bi-Metallism 6. Paper Money Standard and Principles of Note Issue 7. Gresham’s Law 8. Supply of Money 9. Demand for Money 10. Concept of Value of Money and Quantity Theory of Money 11. Income Theory of Money 12. Keynes Theory of Money and Price 13. Measurement of Value of Money Index Number 14. Inflation and Deflation of Money 15. Demand-Pull Inflation and Cost-Push Inflation 16. Various Phases of Trade Cycle and Contracyclical Policies 17. The Phillips Curve : Relation between Employment and Inflation or Trade-off between Inflation and unemployment 18. Financial Market : Money Market and Capital Market 19. Commercial Banking : Meaning and Functions 20. Creation of Credit by Books 21. Recent Reforms in Banking Sector in India 22. Central Banking and Credit Control 23. Reserve Bank : Role and Functions 24. Monetary Management in India