First Paper Core- 1 Micro Economics
1. Definitions, Nature and Scope of Economics 2. Relation of Economics with other Social Sciences 3. Methods of Economic Analysis—Inductive & Deductive 4. Basic Concepts of Micro Economics 5. Utility, Marginal Utility and Total Utility, Law of Diminishing Marginal Utility and Law of Equi-Marginal Utility 6. Consumer’s Surplus 7. Indifference Curve : Characteristics and Consumer’s Equilibrium Ordinal Utility Analysis 8. Revealed Preference Theory 9. Law of Demand and its Exceptions, Giffin Goods 10. Elasticity of Demand : Price, Income and Cross Elasticity 11. Law of Supply 12. Elasticity of Supply 13. Production Function 14. Production : Law of Production and Law of Variable Proportions 15. Returns to Scale and Economies of Scale 16. ISO-Production Curve : Meaning, Characteristics and Producer’s Equilibrium 17. Concepts of Cost and Revenue : Total marginal and Average.
Second Paper Core-2 Macro Economics
1. Concept of Macro Economics 2. Circular Flow of Income 3. Concepts of National Income 4. Social Accounting of National Income 5. National Income and Economic Welfare 6. The Classical Theory of Employment 7. Theory of Keynesian Employment 8. Consumption Function-Average and Marginal Propensity to Consume-Factors Influencing Consumption Spending 9. Multiplier and Acceleration Principles10. Investment-Meaning, Type & Inducement and Marginal Efficiency of Capital & Investment 11. Keynesian Theory of Liquidity Preference 12. IS and LM Functions-General Equilibrium of Product and Money Market 13. Monetary Policy 14. Fiscal Policy 15. Inflation, Deflation & Stagflation and Measurement of Inflation 16. The Phillips Curve 17. Trade Cycle.
Third Paper Core-3 Introduction of Indian Economy
1. Indian Economy : Nature, Structure and Features 2. Trends and Sectoral Composition of National Income 3. Natural Resources Endowments : Land, Water, Forest and Mineral 4. India’s Demographic Features (Problems and Causes of Over-Population and Population Policy) 5. Indian Agriculture : Nature, Importance, Land-Use Pattern, Production and Productivity 6. Green Revolution 7. Agricultural (Rural) Credit and Insurance 8. Agricultural Marketing 9. New Technology in Agriculture 10. Role of Public & Private Sector in Industries Develop-ment After Independence 11. New Industrial Policy, 1991 12. Small and Cottage Industries : Problems and Possibi-lities 13. Start-up India, Make-in-India and Aatma Nirbhar Bharat 14. Infrastructure for Indian Economy : Power, Transporta-tion and Communication 15. India’s Foreign Trade—Importance, Composition and Direction 16. Role of Foreign Direct Investment and Multinational Corporations 17. Disinvestment in India 18. Indian Planning : Objectives, Strategy, Achievement, Failure and NITI Ayog 19. Indian Economic Problems : Poverty and Unemployment 20. Indian Economic Problems : Regional Inequality 21. Economy of Madhya Pradesh and Natural Resources 22. Trends and Regional Disparities in Agriculture Sector of Madhya Pradesh 23. Organic Farming and Polyhouse in Madhya Pradesh 24. Industrial Development and Policy of Madhya Pradesh 25. Infrastructure Development in Madhya Pradesh—Power, Transport, Communication and Tourism Development 26. Employment Oriented Schemes in Madhya Pradesh.