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UGC NET (ECONOMICS)

Paper II

Unit-1 :Micro Economics:-

Theory of Consumer Behaviour, Theory of Production and Cost, 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, Asymmetric Information

Unit-2 : Macro Economics:-

National Income, Determination of output and employment, 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-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, Theories of International Trade, International Trade under imperfect competition, Balance of Payments, Exchange Rate, 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

Paper 1I

Unit- 3 : Statistics and Econometrics:-

Probability Theory, 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

Paper II

Unit-1 :Micro Economics:-

Theory of Consumer Behaviour, Theory of Production and Cost, 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, Asymmetric Information

Unit-2 : Macro Economics:-

National Income, Determination of output and employment, 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-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, Theories of International Trade, International Trade under imperfect competition, Balance of Payments, Exchange Rate, 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

Paper-II

Unit-6 : Public Economics:-

Market Failure and Remedial Measures, Regulation of Market – Collusion and Consumers’ Welfare, Public Revenue, 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, Models of Economic Growth, Technical progress – Disembodied & embodied; endogenous growth, Indicators of Economic Development, 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

Unit-10 : Indian Economy:-

Economic Growth in India, Agriculture, Industry, Services, Rural Development , Urban Development, Foreign Trade Infrastructure Development, Reforms in Land, Labour and Capital Markets, Centre-State Financial Relations and Finance Commissions of India; FRBM, Poverty, Inequality & Unemployment

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