UNIT: SUBJECT DOMAIN | UGC NET/ JRF 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
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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
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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
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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
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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 Blocs ; Trade Policy Issues IMF & World Bank
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Unit-6 : Public Economics | 1. Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality
2. Regulation of Market – Collusion and Consumers’ Welfare
3. Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation
4. Public expenditure
5. Public Debt and its management
6. Public Budget and Budget Multiplier
7. Fiscal Policy and its implications |
Unit-7 : Money and Banking | 1. Components of Money Supply
2. Central Bank
3. Commercial Banking
4. Instruments and Working of Monetary Policy
5. Non-banking Financial Institutions
6. Capital Market and its Regulation |
Unit-8 : Growth and Development Economics | 1. Economic Growth and Economic Development
2. Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter.
3. Rostow, Balanced & Unbalanced growth, Big Push approach.
4. Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor
5. Technical progress – Disembodied & embodied; endogenous growth
6. Indicators of Economic Development: PQLI, HDI, SDGs
7. Poverty and Inequalities – Concepts and Measurement
8. Social Sector Development: Health, Education, Gender |
Unit-9 : Environmental Economics and Demography | 1. Environment as a Public Good
2. Market Failure
3. Coase Theorem
4. Cost-Benefit Analysis and Compensation Criteria
5. Valuation of Environmental Goods
6. Theories of Population
7. Concepts and Measures: Fertility, Morbidity, Mortality
8. Age Structure, Demographic Dividend
9. Life Table
10. Migration |
Unit-10 : Indian Economy | 1. Economic Growth in India: Pattern and Structure
2. Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
3. Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
4. Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
5. Rural Development – Issues, Challenges & Policy Responses
6. Urban Development – Issues, Challenges and Policy Responses.
7. Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
8. Infrastructure Development: Physical and Social; Public-Private Partnerships
9. Reforms in Land, Labour and Capital Markets
10. Centre-State Financial Relations and Finance Commissions of India; FRBM
11. Poverty, Inequality & Unemployment |
