Notification

1.  AdvancedMicroEconomics:

ECONOMICSPAPER—I

• AlternativeDistributionTheories : Ricardo,Kaldor,Kalecki.
• MarketsStructure:MonopolisticCompetition,Duopoly,Oligopoly.
• Modern Welfare Criteria : Pareto Hicks and Scitovsky, Arrow’s Impossibility Theorem, A. K. Sen’sSocialWelfareFunction.

2.  AdvanceMacroEconomics:

Approaches to Employment Income and Interest Rate determination : Classical, Keynes (IS-LM)curve,Neo-classicalsynthesisandNewclassical,TheoriesofInterestRatedeterminationandInterestRateStructure.

3.  Money-BankingandFinance:

• Demand for and Supply of Money : Money Multiplier Quantity Theory of Money (Fisher, Pigou andFriedman)andKeynes’TheoryonDemandforMoney,GoalsandInstrumentsofMonetaryManagement in Closed and Open Economies. Relation between the Central Bank and the Treasury.Proposalforceilingongrowthrateofmoney.
• PublicFinanceanditsRoleinmarketeconomy:instabilizationofsupply,allocationofresource andindistributionanddevelopment.SourcesofGovernmentrevenue,formsofTaxesandSubsidies,their incidence and effects.Limits to taxation, loans, crowding-out effects and limits to borrowings.Publicexpenditureanditseffects.

4.                 InternationalEconomics:

• • Comparativeadvantage,
• Formsofprotection:Tariffandquota.
• Balance ofPaymentsAdjustments :AlternativeApproaches.
  • Priceversusincome,incomeadjustmentsunderfixedexchangerates.
  • FloatingRatesandtheirimplicationsfordevelopingCountries:CurrencyBoards.
  • BOP,adjustmentsandPolicyCoordinationinopeneconomymacro-model.
  • WTO:Trims,TRIPS,DomesticMeasures,DifferentRoundsofWTOtalks.

5.                 GrowthandDevelopment:

• (i)Theoriesofgrowth:Harrod’smodel;
• ProcessofEconomicDevelopmentoflessdevelopedcountries:MyrdalandKuznetsoneconomicdevelopment and structural change: Role of Agriculture in Economic Development of less developedcountries.
• EconomicDevelopmentandInternationalTradeandInvestment,RoleofMultinationals.
• PlanningandeconomicDevelopment:changingroleofMarketsandPlanning,Private-PublicPartnership.
• Welfareindicatorsandmeasuresofgrowth—Humandevelopmentindices.The basic needsapproach.
• DevelopmentandEnvironmentalSustainability—RenewableandNonRenewableResources,EnvironmentalDegradation,Intergenerationalequitydevelopment.
  
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