UNIT - I 

1. National Income Analysis-Concepts 2. Methods of Measurement of National Income 3. Circular Flow of Income 4. Government and Foreign Sectors in National Income Accounts 5. Determination of National Income and Employment in Classical Theory 6. Determination of National Income and Employment under Keynesian Theory 7. Monetary Theories of Trade Cycle 8. Value of Money : Fisher and Cambridge Approach-Income and Expenditure Approach and Keynes Quantity Theory 9. Prices : Inflation and Deflation (Monetary Approach, Keynesian Approach Non-Monetary Theories of Inflation, Effects of Deflation, Relationship between Inflation and Unemployment (Philips Curve) Okun’s Law and Concept of Stagflation) 10. Banking : Types and Functions-Structure and Management 11. Assets and Liabilities of Banks 12. Creation of Money (Credit) by Banks 13. Commercial Banking–Principles and Practices 14. Indian Banking System-Progress of Commercial Banks after Nationalisation-Recent Trends in Indian Banking 15. Central Banking–Instruments of Monetary Control and other Functions 16. Indian Monetary Market-Structure-Concept and Sources of Money Supply 17. Reserve Bank of India-Regulatory and Promotional Functions 18. Foreign Exchange-Concept, Demand and Supply of Foreign Exchange, External Value of Money–Deter-mination of Exchange Rate in Gold Standard-Purchasing Power Parity Theory 19. International Monetary Fund : I.M.F. 20. International Bank of Reconstruction and Development (I.B.R.D.) or World Bank 21. Exchange Control-Meaning, Objectives and Methods.

UNIT - II 

1. Public Finance-Meaning, Nature, Scope, Importance and Difference Between Private and Public Finance 2. Private Goods and Public Goods 3. Principle or Doctrine of Maximum Social Advantage 4. Government budget-preparation and classification 5. Sources of public revenue 6. Taxation 7. Satisfaction of Public wants-the Benefit Approach-The Ability to Pay Approach 8. Incidence, Impact and Shifting of Tax 9. Effects of Taxation 10. Theories of Increase in Public Expenditure 11. Classification of Public Expenditure 12. Effects of Public Expenditure on Production and Distribution 13. Public Debt–Classification, Effects, Burden, Repayment and Management 14. Fiscal Policy : Stability and Economic Growth 15. Indian Public Finance : Sources of Income-Expenditure of Central Government 16. Main Sources of Income and Expenditure of State Governments 17. Indian Tax System 18. Public Expenditure in India 19. Indian Federal Finance 20. Comparative Cost Theory and Opportunity Cost Theory of International Trade 21. Reciprocal Demand Analysis 22. Terms of Trade 23. Free Trade and Protection 24. Tariffs and Non-Tariffs Methods 25. Balance of Payments : Concept, Importance, Causes of Disequilibrium and Policies to Reform of Balance of Payments 26. Foreign Trade of India  and Foreign Trade Policy.