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
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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
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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
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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
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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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