Micro Economics

UNIT - I     Introductory

1. Definitions, Nature and Scope of Economics, 2. Study Methods of Economics, 3. Choice : An Economic Problem, 4. Basic Postulates or Concepts, 5. Role of Price-Mechanism, 6. Demand and Supply : Basic Framework and Market Equilibrium, 7. Concept and Type of Equilibrium, 8. Micro and Macro Analysis, 9. Static and Dynamic Analysis, 

UNIT - II Consumption

1. Utility Analysis (Cardinal Utility Analysis), 2. Indifference Curve Analysis, 3. Price Elasticity of Demand, 4. Consumer's Surplus, 5. Revealed Preference Theory, 

UNIT - III Theory of Production and Cost

1. Production Function and Law of Variable Proportion, 2. ISO-Product or Equi-Product Curve : Marginal Rate of Technical Substitution, Production Decision and Expansion Path, 3. Returns to Scale, 4. Economies of Scale and  Elasticity of Substitution, 5. Theory of Cost, 6. Equilibrium of Firm, 

UNIT - IV Market Structure

1. Market and Market Structure, 2. Price Determination under Perfect Competition, 3. Monopoly : Price
 Determination, Measurement of Monopoly Power,Monopoly Control and Taxation and Monopoly Regulation, 4. Price Discrimination under Monopoly, 5.Monopolistic Competition—   Price Determination, 6. Oligopoly and Duopoly :  Price Determination, 7. Notion of Controlled and  Administered Prices, 

UNIT - V Factor Pricing

1. Marginal Productivity Theory of Distribution, 2. Adding up Theorem  (or Euler's Theory), 3. Theories of Wage Determination and Relationship with Collective Bargaining, 4. Rent, 5. Interest, 6. Profit, 

UNIT - VI Miscellaneous

1.Welfare  Economics and Problems in Measuring Welfare, 2. Classical Welfare Economics, Pigou's and Pareto's Theory, 3. Compensation Principles  and Social Functions, 
      
MONETARY ECONOMICS

UNIT - I 

1. Money : Definition and Functions, 2. Role of Money in Economic System, 3. Value of Money and Theory of Money : Quantity Theory of Money, 4. Income and Expenditure Theory of Value of Money, 5. Inflation, Inflationary Gaps and Methods to Control Inflation, 6. Demand-pull Inflation  and Cost-push Inflation, 7. Monetary Policy and its Objectives, 

UNIT - II 

1. National Income : Concept and Structure, 2. Measurement of National Income, 3. Theories of Employment :
 Classical Theory, 4. Keynesian Theory of Employment : Theory of Effective Demand, 5. Consumption Function, 6. Investment Function, 7. Theory of Multiplier, 8. Theory of Accelerator, 

UNIT - III 

1. Role of International  Trade in Economic Development, 2. Theory of International Trade : Theory of Comparative Cost, 3. Modern Theory of International Trade or Heckscher-Ohlin Theory, 4. Free Trade and Protection, 5. The Rate of Foreign Exchange : Purchasing Power Parity Theory, 6. Gains from International Trade, 7. Balance of Payments and Correcting Balance of Payment Problems, 

UNIT - IV 

1. Monetary Standard—Gold Standard, 2. International Monetary Fund, 3. International Bank for Reconstruction and Development, 4. International Finance Corporation—IFC, 5. International Development Association—IDA, 

UNIT  - V 

1. Commercial Banking—Meaning, Types and Functions, 2. Investment Policy and  Principles of Commercial Bank, 3. Commercial Banking in India, 4. Creation of Credit by Banks, 5. Central Bank : Functions and Methods of Credit Control
        
    
      

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