Economics: For UGC-NET/SLET and Other Competitive Examinations (Objective)

Preface-Unit-I: Microeconomics-1. Demand Analysis; 2. Theory of Production and Costs; 3. Pricing and Output Under Different Forms of Market Structure; 4. Factor-Pricing Analysis; 5. Elements of General Equilibrium and New Welfare Economics-Unit-II: Macroeconomics-1. National Income Accounting; 2. Determination of Output and Employment-Classical, Keynesian Approach, Consumption Hypothesis; 3. Monetary Demand and Supply; 4. IS-LM Framework; 5. Philips Curve Analysis; 6. Business Cycles; 7. Macroeconomic Equilibrium-Relative Roles of Monetary and Fiscal Policies-Unit-III: Development and Planning-1. Economic Growth and Development; 2. Theories of Growth and Development; 3. Importance of Agriculture and Industry in Economic Development; 4. Cost Benefit Analysis; 5. Trade and Aid; 6. Role of Monetary and Fiscal Policy in Economic Development; 7. Techniques of Planning-Plan Models in India; Planning in a Market Oriented Economy-Unit-IV: Public Finance-1. Role of Government in Economic Activity; 2. Public Budget; 3. Public Expenditure; 4. Public Revenue; 5. Public Debt; 6. Fiscal Federalism; 7. Fiscal Policy-Unit-V: International Economics-1. Theories of International Trade; 2. Terms of Trade and Economic Growth; 3. Balance of Payments; 4. Exchange Rates; 5. Tariffs and Non-tariffs Barriers; 6. Theory of Regionalism; 7. Foreign Trade and Aid-Unit-VI: Indian Economy-1. Macroeconomic Indicators; 2. Agriculture; 3. Industry; 4. Money and Banking; 5. Public Finance; 6. Foreign Trade; 7. Poverty, Population and Unemployment; 8. Planning-Unit-VII: Statistics-1. Introduction; 2. Measures of Central Tendency; 3. Skewness, Kurtosis and Moments; 4. Measure of Dispersion; 5. Theory of Probability-Binomial, Normal and Poisson Distribution; 6. Correlation and Regression Analysis; 7. Statistical Inferences-chi square, t-square and f-test; 8. Index Numbers and Time Series Analysis; 9. Sampling and Census, Types of Sampling and Errors