MICRO ECONOMICS
1. Definitions, Scope, Subject-Matter and Nature of Economics 2. Micro and Macro Economics 3. Static and Dynamic Analysis 4. Methods of Economic Study (Deductive and Inductive Methods) 5. Central Economic Problems 6. Cardinal Utility Analysis : Marginal Utility, Total Utility, Law of Diminishing Marginal Utility and Law of Equimarginal Utility (Consumer’s Equilibrium) 7. Ordinal Utility Analysis : Indifference Curve Analysis (Consumer’s Equilibrium, Income Effect, Income Consumption Curve, Price Effect, Price Consumption Curve, Substitution Effect and Normal Giffin Goods and Inferior Goods) 8. Consumer’s Surplus 9. Theory of Demand (Law of Demand, Changes in Demand, Derivation of Demand Curve and Engel’s Curve) 10. Elasticity of Demand (Price Elasticity of Demand, Cross Elasticity of Demand and Income Elasticity of Demand) 11. Production Function, Cobb-Douglas Production Function and Law of Variable Proportion 12. Returns to Scale 13. Economies of Scale 14. ISO-Product Curve : Meaning, Characteristics, ISO-Cost Line, Production Decision and Expansion Path 15. Concepts of Cost 16. Concept of Revenue 17. Break-Even Analysis
MONEY AND BANKING
1. Money : Meaning, Definition and Functions 2. Role of Money : Capitalistic, Socialistic and Mixed Economies 3. Quantity Theory of Money (Cash Transaction Approach and Cash Balance Approach) 4. Keynesian Theory of Money and Prices 5. Central Bank : Objectives, Functions, Credit Control (Quantitative and Qualitative) and Limitations (With Reference to RBI) 6. Supply of Money 7. Money Market 8. Commercial Banking : Meaning, Types and Functions 9. Commercial Banking in India 10. Principles of Commercial Banks 11. Balance-Sheet of Bank 12. Creation of Credit by Bank 13. Recent Reforms in Banking Sector in India 14. Indian Banking System 15. Bond Market and Foreign Exchange Market 16. Equity Market 17. Financial Derivatives : Futures and Options