Ma Economics Micro Economics Subjects in india

Ma Economics Micro Economics Subjects in india
Ma Economics Micro Economics Subjects in India

Ma Economics Micro Economics Subjects is aimed at providing knowledge on basic Ma Economics Principles, as well as applied skills to enable the students to gain decision-making.

Ma Economics Unit – I:    Theory of Consumer Behavior

MA Economics Indifference curve: Income effect – Price effect – Substitution effect and slut-sky – Application and uses of indifference curves – Samuelson‟s revealed preference – Preference hypothesis and strong ordering – Deriving demand theorem– Breaking up price effective to substitution effect and income effect – Critical appraisal of the theory.

 Ma Economics Unit – II:   Theory of Production and Cost

Linear homogeneous production function and expansion path – Cobb-Douglas production function – The Economic region of production – ISO Cost line – Least cost contribution of factors – Choice of inputs – Output maximizing for a given level of out lay – Modern cost theory – A Critical Evaluation of L „shaped long run average cost curve concept.

Ma Economics Unit – III:  Market Structure

Perfect competition, Monopoly, Monopolistic competition, Monopsony, Bilateral Monopoly, Product differentiation – Selling cost – Excess capacity under monopolistic competition – Imperfect competition – Oligopoly – Non-collusive (Cournot, Bernard, Edgeworth, Chamberlin, Kinked demand curve and Stackelberg‟s solution) and Collusive (Cartels and Mergers, price leadership and Barometric point price system).

Ma Economics Unit – IV:  Market Theories – II

Marginal analysis – Price and output determination under various markets: short-run and long-run equilibrium – Firm and industry – Supply curve – Welfare aspects, Monopoly control and regulation – Contestable market – Global competition.

Ma Economics Unit – V:   Alternative Theories of Firm

Ma Economics Critical evaluation of marginal analysis – Baumol‟s sales revenue maximization and Williamson‟s model of managerial discretion – Marris model of managerial enterprise – Full Cost Pricing Rule, Bains Limit Pricing Theory – Sylos-Labini‟s Model – Behavioral Model of the Firm – Cyert and March.

Ma Economics : Macro Economics

Being an important segment in economic theory, the students will benefit enormously. The components, designed in this paper are largely model based.

Unit – I:   Basic Concepts

Introduction  –  Need  for  a  Separate  Study  of  Macro  Economics  –  National

Income  –  Circular  Flow  of  Income  –  National  Income  and  National  product  –

Measurement of National Income – Difficulties in the Measurement of National Income –National Income and Measure of Welfare.

Unit – II:   Macro Economic Theories – I

The Classical Theory of Employment – Say‟s Law of Markets – Aggregate Demand and Supply (Two, Three and Four Sector Model) – The Consumption Function- Keynes Psychological Law of Consumption – The Marginal Efficiency of Investment (MEI) – Relation Between the MEC ( Central Stock ) and the MEI ( Investment) – Factors Other than the Interest Rate Affecting Inducement to Invest –Income Determination in Closed and Open Economy – The Keynesian Theory of Income, Output and Employment.

Unit – III:  Macro Economic Theories – II 

Ma Economics Savings and Investment Equality (The Classical and Keynes criticism of the view) – The Accelerator Theory of Investment – Lags in Investment – Koyek‟s Approach – Financial Theories of Investment –Multiplier and Accelerator.

Unit – IV: Ma Economics Post-Keynesian Developments in Macro Economics

IS-LM Curve Model – The Derivation of the IS Curve – Shift in the IS Curve –

The LM Curve – Shift in the LM Curve – Intersection of the IS and LM Curves –

Phillips Curve – Long-run Phillips Curve and Rational Expectations Theory – Numerical Problems of IS curve – Two and three sector model – Derivative of LM curve – Determination of Income and Interest Under IS Curve.

Unit – V:  Supply Side Economics (Ma Economics)

Supply Side Economics – Taxation and Labour Supply- Reagan Economics and

Supply  Side  Economics-  Reducing  the  Burden  of  Government  Regulations  –

Increasing Growth Rate – Effect on the Distribution of Income.