Paper-I : Principles of Macroeconomics-I

1. Macro Economics, 2. National Income Accounting, 3. Concept of GDP and National Income, 4. Concept of Circular Flow of Income, 5. National Income : Definition, Measurement and Aggregates, 6. National Income and Economic Welfare, 7. National Income at Current Prices and Constant Prices :Nominal and Real Income and Limitation of GDP Concept, 8. Concepts of Actual GDP, Potential GDP and Aggregate Expenditure, 9. Say’s Law of Aggregate Expenditure or SAY’s Law of Market, 10. Keynesian Theory of Aggregate Expenditure : Equilibrium National Income, 11. Consumption Function and Psychological Law of Consumption, 12. The Saving Function, 13. Investment Function, 14. Marginal Efficiency of Capital, 15. Investment Multiplier, 16. Theory of Accelerator, 17. Determination of Equilibrium National Income, 18. National Income Determination : A Three Sector Closed Economy Model, 19. National Income Determination : A Four Sector Open Economy Model, 20. Concept of Money in Modern Economy, 21. Role (Importance) of Money : In Capitalist, Socialist and Mixed Economies, 22. Money Supply : Monetary Aggregates, 23. Demand for Money, 24. Theory of Money : Quantity Theory and Cambridge Theory, 25. Liquidity Preference and Rate of Interest, 26. Creation of Credit by Banks, 27. Monetary Policy, 28. Reserve Bank of India and Monetary Control or Monetary Policy of India,

Paper-II : Indian Economics

1. Basic Features of Indian Economy, 2. Natural Resources of India : Land, Water and Forest, 3. Broad Demographic Features of India or Population of India, 4. Rural-Urban Migration in India, 5. Population Policy of India, 6. Poverty in India, 7. Inequalities of Income in India, 8. Unemployment Problems in India, 9. Problem of Rising Prices in India, 10. Economic Planning in India : Objectives, Strategy, Achievements and Facilities, 11. Twelfth Five Year Plan of India, 2012-17, 12. New Economic Reforms in India : Liberalisation, Privatisation and Globalisation, 13. Indian Agriculture : Nature, Importance, Production and Productivity, 14. New Agriculture Strategy : Green Revolution and Agriculture Reforms After, 1991, 15. Green Revolution, Main Elements of Green Revolution, Economic and Social Effects of Green Revolution, Disadvantages or Failures of Green Revolution, National Commission on Farmers and 2nd Green Revolution, Examination Questions., 16. Agricultural (Rural) Credit, 17. Agriculture Marketing, 18. Industrial Policies : 1948, 1956 and 1991, 19. Large Scale Industries in India, 20.         Cottage & Small Scale Industries in India : Growth, Importance & Problems, 21. Foreign Trade in India : Role, Composition and Direction, 22. Foreign Direct Investment in India, 23. Jharkhand Economy : Basic Features, Mineral, Forest and Agriculture.