%

Microeconomics [65 Notes- 20.7% Effort]

Theory of Consumer Behaviour [44 Notes- 12.94% Effort]

• 1
• Marshallian Analysis
• Arc Elasticity of Demand
• 2
• Cross Elasticity; Substitutes & Complementaries
• Income Elasticity
• 3
• Elasticity of Substitution
• Price Elasticity
• 4
• Revealed Preference
• Basic Axioms of Consumer Theory
• 5
• Theory of Comparative Advantage
• Economic Problems
• 6
• Economy Characteristics
• Marshallian Approach: Laws of Utility
• 7
• Hicksian Approach: Properties of the Indifference Curve, Assumptions of IC, Consumer Equilibrium with IC Analysis
• Income Effect and Substitution Effect in IC Analysis: Hicks Method or Compensating Variation Method, Slutsky Method or Cost Difference Method
• 8
• Revealed Preference Analysis: Assumptions, Consumer Equilibrium in Revealed Preference Analysis, Separation of Price Effect into Substitution Effect and Income Effect
• Introduction: Definition, Meaning and Scope of Micro Economics- Evolution, is Economics a Science or Art, Economics Positive or Normative, Relation to Other Subjects
• 9
• Introduction: Definition, Meaning and Scope of Micro Economics: Microeconomics and Macroeconomics, Basic Areas of Microeconomics- Microeconomics, Macroeconomics
• Definition, Meaning and Scope of Micro Economics- Meaning of Economics, Evolution, Definition of Economics, is Economics a Science or Art, Economics Positive or Normative, What Subjects Does Economics Relate to?
• 10
• Definition, Meaning and Scope of Micro Economics: Microeconomics and Macroeconomics, Basic Areas of Microeconomics
• Basic Economic Problem: The Basic Economic Problem – the Problem of Choice- The Production Possibility Curve (PPC)
• 11
• Basic Economic Problem: Market, Buyer and Seller, Demand and Supply- Markets in Micro and Macro Theory, Market and Capitalism, Working of Market – Price Mechanism, Market Mechanism and Social Welfare, the Price Mechanism and the Forces of Demand and Supply, Equilibrium, Existence, Uniqueness and Stability of Equilibrium
• The Cardinal Utility Approach: The Cardinal Utility Theory, Assumptions, Concepts of Total Utility and Marginal Utility
• 12
• The Cardinal Utility Approach: Consumer Equilibrium under Cardinal Approach- Case 1 – Consumer Equilibrium under Single Commodity Case, Case 2 – Consumer Equilibrium under Multiple Commodity Case
• The Cardinal Utility Approach: Derivation of Demand Curve, Drawbacks of Cardinal Approach
• 13
• Indifference Curve Theory: Assumptions, Indifference Curve
• Indifference Curve Theory: Concept of Marginal Rate of Substitution, Properties of Indifference Curve, Different Shapes of Indifference Curves- Substitute Goods, Complementary Goods, One Good is Necessary, One Good is BAD Good, One Good is a Neutral Good, a Good Turn Bad After Some Point
• 14
• Indifference Curve Theory: Concept of Budget Line, Consumer Equilibrium – Ordinal Approach
• Indifference Curve Theory: The Effect of Change in Income on Consumer Equilibrium ICC, the Effect of Change in Price of the Goods on Consumer Equilibrium PCC
• 15
• Applications of Indifference Curve: Measuring Income Effects of Income and Excise Taxes, Measuring Effects of Excise and Income Subsidies- Choice between Taxes
• Applications of Indifference Curve: Income and Substitution Effects of a Price Change: Normal Good- Hicksian Approach, Slutskian Approach
• 16
• Applications of Indifference Curve: Income and Substitution Effect: Inferior Goods, Giffen Paradox
• Concept of Elasticity: Demand and Supply
• 17
• Concept of Elasticity: Demand Elasticity- Price Elasticity of Demand, Income Elasticity of Demand
• Concept of Elasticity: Determinants of Price Elasticity of Demand, Measuring Price Elasticity from a Linear Demand Function, Measuring Price Elasticity from a Non-Linear Demand Function, Price Elasticity of Supply, Determinants of Price Elasticity of Supply
• 18
• Revealed Preference Theory: The Revealed Preference Theory, Assumptions, Revealed Preference Axioms
• Revealed Preference Theory: Decomposition of Substitution and Income Effect and Derivation of Demand Curve, Derivation of Indifference Curve
• 19
• Revision of Demand by Hicks and Choice Involving Risk: Preference Hypothesis and Logic of Ordering- Difference between Strong and Weak Ordering, Logic of Weak Ordering, the Direct Consistency Test
• Revision of Demand by Hicks and Choice Involving Risk: Derivation of Law of Demand through Logical Weak Ordering Approach, Choice Involving Risk under Uncertainty
• 20
• Inter Temporal Choice: Introduction, Inter Temporal Choice: Budget Constraint- Consumption with Lending, Consumption with Borrowing
• Inter Temporal Choice: Inter Temporal Choice: Consumer Preferences, Optimal Consumer Choice, Effect of Change in Endowment on Inter Temporal Choice, Changes in Interest Rate and Inter Temporal Choice
• 21
• Recent Theories in Demand Analysis: The Pragmatic Approach to Demand Analysis, Linear Expenditure System- The Constant Elasticity of Demand Function, Distributed Lags Models of Demand
• Demand and Its Determinants
• 22
• Demand and Demand Function
• Wiseman-Peacock Hypothesis

The Theory of Revealed Preference [1 Notes- 0.55% Effort]

• 1
• Weak Axiom of Revealed Preference and Strong Axiom of Revealed Preference

Theory of Production and Costs [1 Notes- 0.24% Effort]

• 1
• Theory of Production, Properties of Isoquant, Principle of Diminishing Marginal Rate of Substitution

Asymmetric Information [4 Notes- 2.2% Effort]

• 1
• Adverse Selection and Moral Hazard
• Theory of Agency Cost
• 2
• The Theory of Search
• Asymmetric Information

Theory of Firm [9 Notes- 2.73% Effort]

• 1
• Monopoly: Price Elasticity of Demand & Costs
• Measurement of Degree of Monopoly Power
• 2
• Monopolistic Completion
• Imperfect Competition
• 3
• Monopoly: Features, Competitive Structure
• Micro-Economic Analysis: Features of Monopolistic Competition
• 4
• Micro-Economic Analysis: Features of Oligopoly, Collusive Oligopoly Model, Price and Output Determination under Oligopoly
• Micro-Economic Analysis: Basis of Monopoly, Monopoly Power, Methods
• 5
• Micro-Economic Analysis: Perfect Competition

Factor Pricing [3 Notes- 0.52% Effort]

• 1
• Equilibrium
• Equilibrium under Price Discrimination
• 2
• Social Welfare Function: Social Welfare Function through Social Indifference Curves

Welfare Economics [2 Notes- 1.06% Effort]

• 1
• Fundamental Theorems
• Social Welfare Function

Efficiency Criteria [1 Notes- 0.43% Effort]

• 1
• Pareto Optimality

Macroeconomics [49 Notes- 22.23% Effort]

National Income Accounting [1 Notes- 0.81% Effort]

• 1
• National Income

Determination of Output and Employment [7 Notes- 3.39% Effort]

• 1
• Theory of Consumption
• Life Cycle Hypothesis: Introduction to the Theory, Assumptions of the Theory, Explanation of the Theory
• 2
• Permanent Income Hypothesis: Introduction of the Permanent Income Hypothesis, Relationship between Consumption and Permanent Income
• Permanent Income Hypothesis: Permanent and Transitory Income, Permanent Income, Long-Run and Short-Run Consumption Functions
• 3
• Relative Income Hypothesis: Introduction of Relative Income Hypothesis, Explanation of the Theory through Figure
• Keynesian Approach: Principle of Effective Demand
• 4
• Keynesian Approach: Determination of Effective Demand, Determination of the Equilibrium Level of Employment by Effective Demand

Theories of Consumption [37 Notes- 16.64% Effort]

• 1
• Life Cycle Hypothesis
• Permanent Income Hypothesis and Robert Hall՚s Random Walk Model
• 2
• Absolute Income Hypothesis
• Dale Jorgenson՚s Neoclassical Theory of Capital Accumulation
• 3
• Relative Income Hypothesis
• Adaptive Expectation Hypothesis
• 4
• (Autonomous) Multipliers and Investment Accelerator
• Commercial Banking
• 5
• Interest Rate Determination
• Keynesian Stabilization Policies
• 6
• Money Multiplier
• Non-Banking Financial Institutions
• 7
• Concept of Multiplier
• Demand for Money
• 8
• Is and LM Curve
• Concept of Money Supply
• 9
• Models of Economic Growth
• Inflation: Demand Pull and Cost Push Inflation
• 10
• Types of Inflation and Stagflation
• Commercial Banking: Functions of Commercial Banks, Banking System, Types of Commercial Banks,
• 11
• Central Bank: Functions of Central Bank
• Components of Money Supply: Measures of Money Supply
• 12
• Capital Market and Its Regulation: Speed up Economic Growth and Development, Regulation of Capital Market: Role of SEBI
• Determinants of Supply Money, Expression of Money Multiplier
• 13
• Hicks Business Cycle Theory, the Autonomous Investment
• Low Income Equilibrium Trap
• 14
• Patinkin Approach
• Friedman Approach
• 15
• Baumol Approach: Baumol՚s Inventory Approach to Transactions Demand for Money, Baumol՚s Analysis of Transactions Demand
• Fisher and Cambridge Approach: Fisher՚s Equation of Exchange
• 16
• Fisher and Cambridge Approach: Cambridge Cash Balance Approach
• Tobin Approach: Introduction to the Approach, Tobin՚s Liquidity Preference Function
• 17
• Keynesian Approach: Keynesian Demand for Money, Aggregate Demand for Money: Keynes՚ View
• Model of Kaldor: Explanation of the Model
• 18
• Model of Kaldor: Different Stages of Unstable Equilibrium of S and I
• Model of Samuelson: Assumptions of the Model
• 19
• Model of Samuelson: Explanation of the Model

LM Model and Mundell Fleming Model [4 Notes- 1.37% Effort]

• 1
• General Equilibrium
• Is Curve: Derivation of is Curve, Shift in is Curve
• 2
• LM Curve: Shift in LM Curve
• Effectiveness of Monetary and Fiscal Policy

Statistics, Econometrics and Mathematical Economics [14 Notes- 3.34% Effort]

Probability Theory [14 Notes- 3.34% Effort]

• 1
• Applications of Cramer՚s Rule
• Heteroscedasticity
• 2
• Interquartile Range, Quartile Deviation and Coefficient of Quartile Deviation
• Kurtosis
• 3
• Mean
• Median
• 4
• Mode
• Range
• 5
• Skewness (Karl Pearson & Kelly՚s Method)
• Skewness (Bowley՚s Method)
• 6
• Standard Deviation and Variance
• Types of Mean
• 7
• Statistics and Econometrics (Basics, Events and Probability)
• Statistics and Econometrics (Probability, Central Momemts)

International Economics [22 Notes- 9.91% Effort]

Theories of International Trade [5 Notes- 2.35% Effort]

• 1
• International Trade
• Heckscher Ohlin Theory: Theories of International Trade, Assumptions of the Model, Explanation of the Model
• 2
• Adam Smith Absolute Advantage Theory
• Ricardo Theory of Comparative Advantage: Assumptions, Explanation of the Theory
• 3
• Theory of Reciprocal Demand: Assumptions of the Theory, Explanation of the Theory

Terms of Trade [1 Notes- 0.36% Effort]

• 1
• Terms of Trade

Tariff and Non-Tariff Barriers to Trade [2 Notes- 1.2% Effort]

• 1
• The General Agreement on Tariffs and Trade (GATT) : Objectives, Various Conferences, Uruguay Round, Dunkel Draft, Defects of GATT
• General Equilibrium Analysis

WTO and Regional Trade Blocks [2 Notes- 1.06% Effort]

• 1
• WTO: Organisational Structure of WTO, Functions of WTO
• WTO Regime and Environment, Understanding the WTO, Environment on the WTO Schema, the WTO-Environment Debate, Introduction, WTO՚s Environmental Impact over-Rated: Proponents Maintain

Balance of Payments [12 Notes- 4.9% Effort]

• 1
• Consumer՚s Equilibrium: Corner Solutions
• International Monetary Fund: Organisation of IMF, Special Drawing Rights
• 2
• World Bank: Objectives, Organisation, Affiliates for Associate Institutions of World Bank, Functions
• Adjustment Mechanisms
• 3
• Composition: Components of Current Account
• Composition: Components of Capital Account, Autonomous and Accommodating Transactions
• 4
• Balance of Payment Theory: Explanation of the Theory
• Mint Parity Theory: Mint Parity Theory, Mint Parity Theory, Illustration
• 5
• Mint Parity Theory: Mint Parity Theory: Determination and Figure
• Monetary Approach Theory: Explanation of the Theory
• 6
• Portfolio Balance Approach Theory: Explanation of the Theory, Shortcomings of the Theory, Conclusion
• Purchasing Power Parity Theory: Explanation of the Theory

Public Economics [17 Notes- 9.3% Effort]

Market Failure and Remedial Measures [7 Notes- 4.12% Effort]

• 1
• Principle of Private Goods, Public Goods, Merit Goods, Conclusion
• Externality (New 2019) : Types of Externalities, Remedial Measures: Taxes and Subsidies
• 2
• Public Finance
• Private, Public and Merit Goods
• 3
• Concept of Externality (New 2019)
• Asymmetric Information
• 4
• Externality

Public Revenue [10 Notes- 5.18% Effort]

• 1
• Coase Theorem
• Public Budget Kinds of Budgets, Types of Budgets
• 2
• Zero Bases Budgeting, Features of Zero Base Budgeting
• Tax Revenue and None Tax Revenue: Indian Economy: Public Revenue, Tax and None Tax Revenue, Direct Taxes
• 3
• Policies for Controlling Environmental Pollution: Nature of Environmental Problems in India, Various Environmental Legislations in India
• Causes of Environmental Degradation: Types of Environmental Degradation, Causes of Environmental Degradation, Conclusion
• 4
• Valuation of Environmental Goods: Market Prices, Shadow Prices, Hedonic Pricing Method, Dose Response Method, Travel Cost Method
• GST in India: Formation of GST, GST Council, GST Rates
• 5
• GST in India: GSTN, HSN CODE, Types of GST- Central Goods and Services Tax (CGST) , State Goods and Services Tax (SGST) , Integrated Goods and Services Tax (IGST) , Union Territories Goods and Services Tax (UTGST)
• Budget Line

Development Economics [31 Notes- 15.35% Effort]

Theories of Economic Development [10 Notes- 5.89% Effort]

• 1
• J. Schumpeter Theory
• Essential Elements of the Theory
• 2
• Rostow՚s Model
• Schumpeter
• 3
• Big Push Approach
• Adam Smith Theory of Economic Development: Assumptions of the Model, Main Features
• 4
• Ricardo Theory: Assumptions of the Model, Main Features, Other Sources of Capital Accumulation, Stationary State
• Big Push Theory, the Three Indivisibilities, Main Point of the Theory
• 5
• Schumpeter Theory, Essential Elements of the Theory
• Rostow: Traditional Society, the Pre-Conditions for Take-Off, the Drive to Maturity, the Age of High Mass Consumption

Indicators of Economic Development [3 Notes- 1.66% Effort]

• 1
• Millennium Development Goals
• Economic Development
• 2
• Economic Development and Sustainable Development: Different Views on Economic Development, Definition of Economic Development, Sustainable Development

Social Sector Development [11 Notes- 4.99% Effort]

• 1
• Vital Rates: Various Vital Rates
• Life Table: Concepts of Demography, Steps for Constructing Life Table, Separation Factor
• 2
• Demographic Dividend (New 2019) : Definition of Demographic Dividend, Context of Demographic Dividend, Advantages Associated with Demographic Dividend, Challenges Associated with Demographic Dividend
• Demographic Dividend (New 2019) : Way Forward
• 3
• Population Pyramids: Population Pyramids and Demographic Transition
• Population Pyramids: India and China Population Pyramid
• 4
• Social Sector Development: Concept of Social Sector
• Social Sector Development: Component of Social Sector, Importance of Social Sector, Role of Social Sector in Economic Development
• 5
• Fertility
• Mortality
• 6
• Migration (New 2019)

Models of Economic Growth [7 Notes- 2.81% Effort]

• 1
• Technical Progress- Embodied and Disembodied
• Endogenous Growth Models
• 2
• Ramsey Model
• Solow Model
• 3
• Solow Model - Capital Accumulation
• Solow Model - Population Growth
• 4
• Solow՚s Model

Indian Economy [37 Notes- 19.14% Effort]

Economic Growth in India [11 Notes- 5.21% Effort]

• 1
• Balanced Growth
• Investment Criteria Part 1
• 2
• Investment Criteria Part 1: Marginal Growth Contribution Criteria or Otto-Eckenstein Criteria
• Investment Criteria Part 1: Time Series Criteria or Sen Dobb Criteria, Criteria for Special Purposes
• 3
• Role of Agriculture in Indian Economy
• New Agricultural Policy
• 4
• Agricultural Schemes
• Green Revolution
• 5
• Role of Agriculture in India
• Strategies for Rural and Urban Development
• 6
• Schemes Related with Urban Development

Industry & Services Sector [4 Notes- 2.07% Effort]

• 1
• Trade Policies
• Trends in Foreign Trade
• 2
• Foreign Trade Policy
• Industrial Policy, 1991

Infrastructure Development [9 Notes- 5.74% Effort]

• 1
• Public Private Partnerships
• PPP Models
• 2
• Monetary Policy Instruments and Working
• Capital Market
• 3
• Land Reforms
• Reforms in Capital Market
• 4
• Financial Sector Reforms
• Monetary Policy
• 5
• PPP Models

Fiscal Policy in the Indian Context [13 Notes- 6.11% Effort]

• 1
• Demonetization and Aftermath
• Competitiveness of India՚s Exports
• 2
• Balance of Payments
• Balance of Payments – Approaches
• 3
• Unbalanced Growth
• Public Finance: Different Concepts of Budget Deficits, Public Finance, Revenue Deficit
• 4
• Incidence and Effects of Taxation: Effects of Taxation on Distribution, Laffer Curve
• Finance Commission: What Are the Functions of the Finance Commission, Appointment of the Finance Commission and Qualification of Members, Fifteenth Finance Commission Recommendations
• 5
• Public Expenditure
• Public Debt Management
• 6
• Financial Relations between Union and States
• Public Debt
• 7
• Redemption of Public Debt