MA Economics Micro Economics Subjects Admission 2021-22: MA Economics Micro Economics Subjects aims to provide knowledge on fundamental Ma Economics Principles and applied skills to enable the students to gain decision-making. MA Economics course many colleges and universities offer in the country of India, admission for all over Indian generally based on the entrance test.
In this course, students can learn about Microeconomics Theory, Macroeconomics theory, and Mathematical Economics. MA in Economics is a postgraduate program in the Arts stream. The duration required to finish this course is 02 years.
The syllabus contains subjects like Microeconomics theory, Mathematical economics, International Finance, Macroeconomics theory and development economics, etc. The whole syllabus of this program divides into 04 semesters.
The Top Recruiters for MA in Economics professionals are ICI Bank, Citi Bank, BOI, IITA, etc. Such professionals can play job roles as Economists, Financial Planner, Data and Equity Analyst, etc.
The Average Annual Salary offered to MA Economics professionals is starting from 03 LPA to 07 LPA.
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MA Economics Micro Economics Subject Admission 2021-22
MA Economics Micro Economics Subjects aims to provide students with an understanding of core Ma Economics Principles and practical skills to help them make decisions.
To be admitted to the MA in Economics program, you must have a graduating (BA) degree in Economics.
The top admission examinations for the MA Economics course placement include the BHU PET, CDSET, and JNUEE.
Applicants can pick from a variety of universities and colleges, including Delhi University and IGNOU.
- Want to pursue an MA in Economics course? You must have a graduation (BA) degree in Economics or equivalent degree to get an MA in Economics course.
- The MA in Economics course is offered in both public and private institutes of India. The admission process of these institutes is different from each other. Some institutes provide an admission of MA in Economics on a merit basis, and some on an admission exam basis. The MA Economics course placement’s top entrance exams are BHU PET, CDSET, DUET, and JNUEE.
- The annual average fee charged for MA in Economics may range between INR 10K to 50 per annum.
- The advance or higher studies after completing an MA in Economics are M.Phil and PhD in economics.
MA Economics Micro Economics Syllabus
MA Economics Unit – I: Theory of Consumer Behavior
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.
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 outlay – Modern cost theory – A Critical Evaluation of L „shaped long-run average cost curve concept.
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).
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.
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.
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: 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.
Top Universities & Fees
|Bastar Vishwavidyalaya||3 years||26525|
|Atal Bihari Vajpai Vishwavidyalaya (Formerly Bilaspur Vishwavidyalaya)||3 years||26550|
|Kurukshetra University||3 years||26525|
|Lingaya’s Vidyapeeth||3 years||26550|
|Lala Lajpat Rai University of Veterinary & Animal Sciences||3 years||26575|
|Maharana Pratap Horticultural University||3 years||26600|
|Maharishi Balmiki Sanskrit University||3 years||26625|
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