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 Rupee13. 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.