Economics of Markets Distribution & Welfare
1. Forms of Market, 2. Features of Perfect Market and Equilibrium of Firm and Industry, 3. Derivation of Supply Curve under Perfect Competition, 4. Monopoly : Price and Output Determination, 5. Price Discrimination under Monopoly, 6. Monopolistic Competition : Price, Output Determination and Importance of Selling Costs 7. Oligopoly, Kinked Demand Curve Theory and Duopoly, 8. Marginal Productivity Theory of Distribution, 9. Adding up Theorem (Or Euler’s Theorem), 10. Theories of Wage Determination and Relationship between Collective Bargaining and Wages, 11. Ricardo and Modern Theory of Rent, 12. Interest : Classical and Keynesian Theory, 13. Profit : Innovation Risk and Uncertainty Theories, 14. Welfare Economics : Concept of Welfare Value Judgement and Problems in Measuring Welfare, 15. Classical Welfare Economics : Pigou’s and Pareto’s Theories, 16. Compensation Principles and Social Functions
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 Consumption, 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. Monetary Policy and Fiscal Policy, 17. Keynesian Theory : Determinants of Income and Employment, 18. IS-ML Income and Determination of Interest
History of Economic Thought
1. Mercantilism, 2. The Psysiocracy, 3. Adam Smith, 4. Thomas Robert Malthus, 5. David Ricardo, 6. Karl Marx, 7. William Stanley Jevons, 8. Walras, 9. Marshall, 10. Arther Cecil Pigou, 11. Kautilya, 12. J. B. Say, 13. Mahatma Gandhi, 14. Amartya Sen, 15. John Maynard Keynes, 16. Abhijeet Banerjee
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