First Paper : Macro Economics

1. Concept of Circular Flow 2 .Concept and Measurement of National Income 3. Concept of GDP and National Income 4. Concept of Social Accounting (Environment Concerns in National Income and Green Accounting) 5. Say’s Law of Market 6. Theory of National Income Determination—Classical Theory 7. Consumption Function and Psychological Law of Consump-tion 8 .The Saving Function, 9. Investment Function 10. Marginal Efficiency of Capital, 11. Rate of Interest and its Theories, 12. Principle of Effective Demand, 13. Investment Multiplier 14. Theory of Accelerator 15. Trade Cycle 16. Inflation, 

Second Paper : International Economics

1. International Economics : Meaning and Significance 2. Inter-regional Trade and International Trade, 3. Classical Theories of International Trade (Theories of Adam Smith and David Ricardo), 4. Opportunity Cost Doctrine of International Trade 5. Modern Theory of International Trade or Heckscher-Ohlin Theory 6. Terms of Trade and Reciprocal Demand Theory 7. Gains from International Trade 8. Free Trade and Protection 9. Tariffs, 10. Import Quotas, 11. Balance of Trade and Balance of Payments, 12. Devalution and Convertibility of Rupee, 13. Foreign Trade Multiplier, 14. International Monetary Fund, 15. International Bank for Reconstruction and Development, 16. World Trade Organisation, 17. Foreign Trade and Export Promotion in India, 18. Balance of Payments, 19. New International Economic Order, 20. Foreign Exchange Rate and Its Determination, 21. International Monetary Reforms, 22 .International Trade and Economic Development, 23. Export-Import Policy of India, 24. Foreign Capital, Collaboration and Multinational Corporation, 

Third Paper : Public Finance

1. Meaning and Scope of Public Finance, 2. The Principle of Maximum Social Advantage, 3. Public Goods vs. Private Goods, 4. Public Budget and Techniques of Budgeting, 5. Deficit Financing, 6. Public Expenditure : Meaning, Nature, Wagner’s and Wise-man-Pecock’s Law, 7. Classification and Canons of Public Expenditure, 8. Economic Effects of Public Expenditure, 9. Public Revenue : It’s Classification and Sources, 10. Canons of Taxation and Characteristics of a Good Tax System, 11. Benefit of Taxation and Principle of Ability to Pay Taxation, 12. Kind or Classification of Taxes, 13. The Division of Tax Burden : Incidence of Tax, 14. Effects of Taxation on Economy, 15. Taxable Capacity, 16. Public Debts : Role and Classification, 17. Redemption of Public Debt and Management, 18. Financial Federalism and Financial Adjustment in India, 19. Evolution of the Federal Finance in India, 20. The Finance Commission, 21. Review of Indian Tax System, 22. Budgeting Procedure and Financial Control in India, 23. Value-Added Tax and Modified Value-Value Added Tax, 24. G.S.T.—Format and Computing Process.