CUET PG Economics Syllabus

 Economics (COQP10)


Micro Economics:


⚫ Consumer Theory or Behavior: Demand, Utility, Indifference Curve, Revealed Preference Theory, Consumer Surplus


• Production Theory: Production Function, Law of Variable Proportions, Returns to Scale,


Cost Function, types and concepts • Price and Output determination in Market: Perfect and Imperfect Competition(Monopoly. Price Discrimination, Monopolistic, Duopoly and Oligopoly models) General Equilibrium,


Efficiency and Welfare: Equilibrium and efficiency under pure exchange and production;


overall efficiency and welfare economics, externality


Macro Economics:


National Income Accounting


Income and Output Determination: Aggregate Demand and Aggregate Supply. Effective Demand Principle, Classical and Keynesian Theory


Money and Inflation:


⚫ Demand and Supply of Money, Money Multiplier and High-Powered Money, Credit


Creation, Role of Reserve Bank of India and Commercial Banks, Quantitative Theories of


Money, Philip's Curve


Monetary and Fiscal Policy of India and its role.


Consumption and Investment Function:


⚫ Permanent, Relative and Life Cycle Hypothesis, determinants of business fixed investment; residential investment and inventory investment, Multiplier and Accelerator


• Open Economy Models: Mundell and Fleming Model (IS, LM and BP curve), Balance of


Payments, exchange rate determination, Purchasing Power Parity


⚫ Economic Growth; Harrod-Domra Model, Solow Model


Statistical Methods in Economics:


• Mean, Mode, Median, Dispersion, Skewness, Quartile Deviation, Average Deviation,


Standard Deviation


Correlation


2


Economics (COQP10)


Simple Regression Model Probability Distribution Sampling


Mathematical Methods in Economics:


⚫ Sets and Vector


⚫ Functions of one and several real variables Single and Multi-variable optimization


Integration of functions


Difference equations


Determinants Matrix


• Linear Programming Probability ⚫ Differential Equations


Indian Economy:


Overview of colonial economy:


Macro Trends: National Income; population; occupational structure. Agriculture: Agrarian structure and land relations; agricultural markets and institutions credit, commerce and technology: trends in performance and productivity: famines.


Railways and Industry: Railways; the de-industrialization debate: evolution of entrepreneurial and industrial structure; nature of industrialization in the interwar period; constraints to industrial breakthrough; labor relations.


Economy and State in the Imperial Context


The imperial priorities and the Indian economy capital


; drain of wealth; international trade.


Flows and the colonial economy-changes and continuities; government and fiscal policy. New Economic Policy:


• Public Economics: Public and Private Goods, Externalities, Budget, Deficits, Public Debt, Fiscal Federalism in India, Taxation: its economic effects; dead weight loss and distortion, efficiency and equity


considerations, tax incidence, optimal taxation.


• International Trade Theories: Adam Smith, Ricardo, Heckscher-Ohlin model and New Trade Theories

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