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Main Syllabus Economics

Main Syllabus Economics

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Published by: Vishwa Nidhi on Jun 24, 2011
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Mains Examination Syllabus – ECONOMICS

1. Advanced Micro Economics: (a) (b) (c) (d) Marshallian and Walrasiam Approaches to Price determination. Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. Modern Welfare Criteria: Pareto Hicks & Scitovsky, Impossibility Theorem, A.K. Sens Social Welfare Function. Arrows


Advanced Macro Economics:

Approaches to Employment Income and Interest Rate determination: Classical, Keynes (IS-LM) curve, Neo classical synthesis and New classical, Theories of Interest Rate determination and Interest Rate Structure.
3. Money - Banking and Finance: (a) Demand for and Supply of Money: Money Multiplier Quantity Theory of Money (Fisher, Pique and Friedman) and Keynes Theory on Demand for Money, Goals and Instruments of Monetary Management in Closed and Open Economies. Relation between the Central Bank and the Treasury. Proposal for ceiling on growth rate of money. Public Finance and its Role in Market Economy: In stabilization of supply, allocation of resources and in distribution and development. Sources of Govt. revenue, forms of Taxes and Subsidies, their incidence and effects. Limits to taxation, loans, crowding-out effects and limits to borrowings. Public Expenditure and its effects.


Research and Development and Economic Growth . Different Rounds of WTO talks. Speculative attacks Trade Blocks and Monetary Unions. TRIPS. Price versus income. International Economics: (a) (i) (ii) (iii) (iv) Old and New Theories of International Trade Comparative Advantage Terms of Trade and Offer Curve. Growth and Development: (a) (i) (ii) (iii) (iv) (v) Theories of growth: Harrods model. Forms of Protection: Tariff and quota. Lewis model of development with surplus labour Balanced and Unbalanced growth.4. Product Cycle and Strategic Trade Theories. Trade Policy and Developing Countries. open (b) (c) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) 5. Domestic Measures. BOP. Theories of Policy Mix Exchange rate adjustments under capital mobility Floating Rates and their Implications for Developing Countries: Currency Boards. Trade as an engine of growth and theories of under development in an economy. WTO: TRIMS. income adjustments under fixed exchange rates. Human Capital and Economic Growth. adjustments and Policy Coordination in open economy macro-model. Balance of Payments Adjustments: Alternative Approaches.

Trends in poverty and inequality. Private. Development and Environmental Sustainability Renewable and Non Renewable Resources. Small scale and cottage industries. Drain theory.(b) Process of Economic Development of Less developed countries: Myrdal and Kuzments on economic development and structural change: Role of Agriculture in Economic Development of less developed countries. 2. trends. (c) (d) (e) (f) PAPER II 1. Role of public and private sector. Industry Trends in composition and growth. Indian Economy after Independence: A (i) (ii) The Pre Liberalization Era: Contribution of Vakil.K. Cotton. Agriculture: Land Reforms and land tenure system. The basic needs approach. Role of Multinationals. Impact of public expenditure on agricultural growth.Public Partnership Welfare indicators and measures of growth Human Development Indices. Indian Economy in Pre-Independence Era: Land System and its changes. Money and Credit. Measures of poverty. Rao. Agricultural prices and public distribution system.V. Food processing. Planning and Economic Development: changing role of Markets and Planning. Laissez faire theory and critique. Intergenerational equity development. (iii) (iv) (v) B (i) . National and Per capita income: patterns. Railways. Gadgil and V. Environmental Degradation. Broad factors determining National Income and distribution. aggregate and Sectoral composition and changes their in. Subsidies. Economic development and International Trade and Investment.R. Manufacture and Transport: Jute. Commercialization of agriculture. Green Revolution and capital formation in agriculture. The Post Liberalization Era: New Economic Reform and Agriculture: Agriculture and WTO.

Role of foreign direct investment and multinationals. New Economic Policy and Employment: Employment and poverty. New Economic Policy and Public Finance: Fiscal Responsibility Act. TRIMS. Relation between planning and markets for growth and decentralized planning: 73 rd and 74thConstitutional amendments. (iii) (iv) (v) (vi) (vii) (viii) . Employment Generation. New Exchange Rate Regime: Partial and full convertibility. New Economic Policy and Trade: Intellectual property rights: Implications of TRIPS. Privatization. Disinvestments. Poverty alleviation schemes. Rural wages. Employment Guarantee Scheme. Capital account convertibility. GATS and new EXIM policy. Planning: From central Planning to indicative planning. New Rural.(ii) New Economic Policy and Industry: Strategy of industrialization. Role of RBI under the new regime. Twelfth Finance Commission and Fiscal Federalism and Fiscal Consolidation. New Economic Policy and Monetary system.

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