NET ECONOMICS SYLLABUS

NET ECONOMICS SYLLABUS

 

Unit-1 : Micro Economics
Theory of Consumer Behaviour
Theory of Production and Costs
Decision making under uncertainty Attitude towards Risk
Game Theory – Non Cooperative games
Market Structures, competitive and non-competitive equilibria and their
efficiency properties
Factor Pricing
General Equilibrium Analysis
Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization
Welfare Economics: Fundamental Theorems , Social Welfare Function
Asymmetric Information: Adverse Selection and Moral Hazard

 

Unit-2 : Macro Economics
National Income: Concepts and Measurement
Determination of output and employment: Classical & Keynesian Approach
Consumption Function
Investment Function, Multiplier and Accelerator
Demand for Money
Supply of Money
IS – LM Model Approach
Inflation and Phillips Curve Analysis
Business Cycles
Monetary and Fiscal Policy
Rational Expectation Hypothesis and its critique

 

Unit- 3 : Statistics and Econometrics
Probability Theory: Concepts of probability, Distributions, Moments,
Central Limit theorem
Descriptive Statistics – Measures of Central tendency & dispersions,
Correlation, Index Numbers
Sampling methods & Sampling Distribution
Statistical Inferences, Hypothesis testing
Linear Regression Models and their properties – BLUE
Identification Problem
Simultaneous Equation Models – recursive and non-recursive
Discrete choice models
Time Series Analysis

 

Unit-4 : Mathematical Economics
Sets, functions and continuity, sequence, series
Differential Calculus and its Applications
Linear Algebra – Matrices, Vector Spaces
Static Optimization Problems and their applications
Input-Output Model, Linear Programming
Difference and Differential equations with applications

 

Unit-5 : International Economics
International Trade: Basic concepts and analytical tools
Theories of International Trade
International Trade under imperfect competition
Balance of Payments: Composition, Equilibrium and Disequilibrium
and Adjustment Mechanisms
Exchange Rate: Concepts and Theories
Foreign Exchange Market and Arbitrage
Gains from Trade, Terms of Trade, Trade Multiplier
Tariff and Non-Tariff barriers to trade; Dumping
GATT, WTO and Regional Trade Blocks; Trade Policy Issues
IMF & World Bank

 

Unit-6 : Public Economics
Market Failure and Remedial Measures: Asymmetric Information,
Public Goods, Externality
Regulation of Market – Collusion and Consumers’ Welfare
Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes,
Progressive and non-Progressive Taxation, Incidence and Effects of
Taxation
Public expenditure
Public Debt and its management
Public Budget and Budget Multiplier
Fiscal Policy and its implications

 

Unit-7 : Money and Banking
Components of Money Supply
Central Bank
Commercial Banking
Instruments and Working of Monetary Policy
Non-banking Financial Institutions
Capital Market and its Regulation

 

Unit-8 : Growth and Development Economics
Economic Growth and Economic Development
Theories of Economic Development: Adam Smith, Ricardo, Marx,
Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push
approach.
Models of Economic Growth: Harrod-Domar, Solow, Robinson,
Kaldor
Technical progress – Disembodied & embodied; endogenous growth
Indicators of Economic Development: PQLI, HDI, SDGs
Poverty and Inequalities – Concepts and Measurement
Social Sector Development: Health, Education, Gender

 

Unit-9 : Environmental Economics and Demography
Environment as a Public Good
Market Failure
Coase Theorem
Cost-Benefit Analysis and Compensation Criteria
Valuation of Environmental Goods
Theories of Population
Concepts and Measures: Fertility, Morbidity, Mortality
Age Structure, Demographic Dividend
Life Table
Migration

 

NET ECONOMICS SYLLABUS BY  COURSEWHIZZ

 

 

Unit-10 : Indian Economy
Economic Growth in India: Pattern and Structure
Agriculture: Pattern & Structure of Growth, Major Challenges, Policy
Responses
Industry: Pattern & Structure of Growth, Major Challenges, Policy
Responses
Services: Pattern & Structure of Growth, Major Challenges, Policy
Responses
Rural Development – Issues, Challenges & Policy Responses
Urban Development – Issues, Challenges and Policy Responses.
Foreign Trade: Structure and Direction, BOP, Flow of Foreign
Capital, Trade Policies
Infrastructure Development: Physical and Social; Public-Private
Partnerships
Reforms in Land, Labour and Capital Markets
Centre-State Financial Relations and Finance Commissions of India;
FRBM
Poverty, Inequality & Unemployment