Paper – I 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, 6. 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. Nation 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 INVESTMENT ANALYSIS

1. Investment Analysis,

UNIT – VII WELFARE ECONOMICS

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

Paper – II MACRO ECONOMICS

1. Macro Economics, 2. Macro Economic Equilibrium, 3. National Income Accounting, 4. National Income and Green National Income, 5. Measurement of National Income, 6. National Income and Economic Welfare, 7. Circular Flow of Income and National Income Identities, 8. Theory of National Income Determination—Classical Theory, 9. Say’s Law of Markets, 10. Keynesian Theory of Employment : Determinants of Income and Employment, 11. Equality between Saving and Investment and Equilibrium, 12. IS and LM Functions—General Equilibrium of Product  and Money Market,  13. Consumption Function and Psychological Law of Consumption, 14. The Saving Function, 15. Theory of Multiplier, 16. Wages and Employment : Pigou Effect and Wealth Effect, 17. Post-Keynesian Consumption Function : Reconciliation of Short and Long-Period Consumption Functions, 18. The Investment Function and Determinants of Investment, 19. Marginal Efficiency of Capital, 20. Theory of Accelerator, 21. Capital Stock Adjustment and Investment, 22. Keynesian Theory and Under-developed Countries, 23. Cobweb Theorem or Theory, 24. Business Cycle, 25. The Harrod-Domar Models, 26. Solow’s Model of Long-Run Growth, 27. Macro Economic Theories of Distribution, 28. Macro Economic Policies : Monetary Policy and Fiscal Policy, 29. Inflation : Concept and Theory, 30. Rate of Interest and its Theory, 31. Theories of Population, 32. Factors influencing Economic Growth or Development : Economic and Non-economic, 33. Keynesian Income Theory or Saving and Investment Theory of Value of Money, 34. Environmental Problems.