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MASTER OF PHILOSOPHY (ECONOMICS)

MASTER OF PHILOSOPHY (ECONOMICS)

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Published by Peggy Satterfield
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Published by: Peggy Satterfield on Feb 24, 2013
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07/15/2013

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 MEC - 103 ECONOMIC THOUGHT
 
©Apex eLearning Technologies Pvt .Ltd, Bangalore-79.Website:www.onlineglobalcampus.com 
MASTER OF PHILOSOPHY(ECONOMICS)ECONOMIC THOUGHT
 
 MEC - 103 ECONOMIC THOUGHT
 
©Apex eLearning Technologies Pvt .Ltd, Bangalore-79.Website:www.onlineglobalcampus.com 
SYLLABUS
Unit – I:
Nature and Significance of Economic Thought – Hebrew, Greek, Plato, Roman EconomicThought.Economic Thought in Ancient India – Kautilya’s views – Economic ideas of Thiruvalluvar– Comaparison between the two views.
Unit – II
Medieval Economic Thought – St.Thomas Aquinas – Mercantilism and its policies –Physiocratic doctrines – Net Product – Circulation of wealth – Practical policies.Classical School – Features – Adam Smith Economic Ideas – David Ricardo – Theory of Rent – Malthusian Theory of Population – J.B.Say, J.S.Mill – Stationary State – TheNationalists Thought – Adam Muller – Fredrich List.
Unit – III
Karl Marx – Theory of Class struggle – Surplus value – Marxian predictions concerningcapitalism – Scientific socialism.
 
Austrian School of Thought – Alfred Marshall – Consumer’s surplus, Elasticity of Demand– Representative firm – Welfare Economics Pigou, Walras, Pareto.
Unit - IV
Neo – Classicism – Knut – Wicksell – J.B.Clark – Dynamic theory of profit – Irving Fisher– Quantity theory of money – Taussig’s Economic Ideas.Institutional School – Economic ideas of Veblen – Theory of leisure class – W.C.Mitchell.
Unit – V
Keynesian Revolution – Theory of Employment, Keynesian Vs ClassicismRecent Indian Economic Thought – R.C.Dutt – Naoroji – M.G.Randade – M.K.Gandhiji –Dr.B.R.Ambedkar – Rajaji – Nehru – V.K.R.V.Rao – C.N.Vakil – D.R.Gadgil – IndiraGandhi – Nobel Laureates Since 1990 – Amarthya Kumarsen.
 
 MEC - 103 ECONOMIC THOUGHT
 
©Apex eLearning Technologies Pvt .Ltd, Bangalore-79.Website:www.onlineglobalcampus.com 
Reference Books:
1. Loganathan - History of Economic Thought2. Alexander Grey - Development of Economic Doctrines3. E.Roll - History of Economic Thought4. L.H.Haney - History of Economic Thought5. Dr.Shanmuga - Indian Economic Thought6. V.B.Singh - From Naoroji to Nehru7. Sankaran.S - A History of Economic Thought8. Sundram - Development and Policies

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