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 Function13. 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.