EDUCATION CIRCLE

Unit-1 : Micro Economics    Theory of Consumer Behaviour   Theory of Production and Costs  Decision making under uncertainty Attitude towards Risk   Game Theory – Non Cooperative games   Market Structures, competitive and non-competitive equilibria and their efficiency properties  Factor Pricing  General Equilibrium Analysis   Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization   Welfare Economics: Fundamental Theorems , Social Welfare Function  Asymmetric Information: Adverse Selection and Moral Hazard Unit-2 : Macro Economics   National Income: Concepts and Measurement  Determination of output and employment: Classical & Keynesian Approach  Consumption Function   Investment Function   Multiplier and Accelerator   Demand for Money  Supply of Money  IS – LM Model Approach  Inflation and Phillips Curve Analysis  Business Cycles  Monetary and Fiscal Policy  Rational Expectation Hypothesis and its critique  Unit- 3 : Statistics and Econ