Economics Preliminary Syllabus
Economics Preliminary Syllabus
Economics Preliminary Syllabus
Micro-economics :
Production : Agents of Production; Costs and Supply; Isoquants
Determination of prices;
Macro-economics :
National Income concepts;
international Economics :
Theories of International Trade-comparative costs-Heckscher-Ohlin-Gains from Trade-Terms of Trade.
Evolution of the International Monetary System and World Trading order-Gold Standard-the Brettonwoods
system.
Characteristics of underdevelopment;
Stages of Development
Sources of growth-capital, Human capital, population, productivity, Trade and aid, non-economic factors;
growth Strategies,
Economic Statistics :
Types of averages-measures of dispersion-correlation-Index numbers; types, uses and limitations.
Major problems, their dimensions, nature and broad causes; Mass poverty-Unemployment and its types-
Economics effects of population pressure-Inequality and types thereof-Low productivity and low per capita
income, Rural-urban disparities-Foreign Trade and payments imbalances. Balance of Payments and External
Debt- Inflation, and parallel economy and its effects-Fiscal deficit.
Growth in income and employment since Independence-Rate, Pattern, Sectoral trends-Distributional Changes-
Regional disparities.
Broad Fiscal, monetary, industrial trade and agricultural policies-objectives, rationale, constraints and effects.