UNIT - I Micro Economics

1. Cardinal Utility Analysis : Marginal Utility, Total Utility, Law of Diminishing Marginal Utility and Law of Equimar-ginal Utility (Consumer’s Equilibrium) 2. Ordinal Utility Analysis : Indifference Curve Analysis 3. Consumer’s Surplus 4. Production Function : Cobb-Douglas Production Function and Law of Variable Proportion 5. Iso-Product Curve : Meaning, Characteristics, Iso-Cost Line Production Decision and Expansion Path 6. Returns to Scale 7. Economies of Scale 8. Concepts of Cost 9. Forms of Market 10. Features of Prefect Market and Equilibrium of Firm and Industry 11. Derivation of Supply Curve Under Perfect Competition 12. Monopoly : Price and Output Determination 13. Price Discrimination Under Monopoly 14. Monopolistic Competition : Price, Output Determination and Importance of Selling Costs 15. Oligopoly 16. Duopoly 17. Marginal Productivity Theory of Distribution 18. Adding up Theorem (or Euler’s Theorem) 19. Ricardo and Modern Theory of Rent 20. Interest : Classical and Keynesian Theory 21. Profit : Innovation, Risk and Uncertainty Theories.

UNIT - II Macro Economics

1. Say’s Law of markets 2. Classical theory of Employment and Keynes Criticisms 3. Keynesion theory of Effective or Aggregate Demand (Aggregate Demand Function and Aggregate Supply Function) 4. Consumption Function 5. Investment Function 6. Marginal Efficiency of Capital 7. Investment Multiplier 8. Model of Income Determination 9. An Outline of IS and LM Analysis 10. Rate of Interest and Its Theories 11. Types and Causes of Unemployment 12. Inflation and Its Social Cost 13. Unemployment : The Trade off between Unemployment and Inflation.

UNIT - III Public Finance

Introduction

1. Meaning and Scope of Public Finance 2. The Principle of Maximum Social Advantage 3. Public Goods vs. Private Goods 4. Public Budget and Techniques of Budgeting 5. Deficit Financing.

Public Expenditure

6. Public Expenditure : Meaning, Nature, Wagner’s and Wiseman-Pecock’s Law 7. Classification and Canons of Public Expenditure 8. Economic Effects of Public Expenditure.

Public Revenue

9. Public Revenue : It’s Classification and Sources 10. Canons of Taxation and Characteristics of a Good Tax System 11. Benefit and Ability to pay Principles of Taxation 12. Kind or Classification of Taxes 13. The Division of Tax Burden : Incidence of Tax 14. Effects of Taxation on Economy 15. Taxable Capacity.

Public Debts

16. Public Debts : Role and Classification 17. Redemption of Public Debt and Management.

The Federal Finance

18. Financial Federalism and Financial Adjustment in India 19. Evolution of the Federal Finance in India 20. The Finance Commission 21. Review of Indian Tax System 22. Budgeting Procedure and Financial Control in India 23. Value-Added Tax and Modified Value-Value Added Tax 24. G.S.T.—Format and Computing Porcess.