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Maharashtra State Eligibility Test for Lectureship
Conducted by University of Pune
(AS THE STATE AGENCY)
SYLLABUS
Subject: ECONOMICS
Code No.: 11
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 Econometrics
∙ Probability Theory: Concepts of probability, Distributions, Moments, Central Limit theorem
∙ Descriptive Statistics – Measures of Central tendency & dispersions, Correlation, Index Numbers
∙ Sampling methods & Sampling Distribution
∙ Statistical Inferences, Hypothesis testing
∙ Linear Regression Models and their properties – BLUE
∙ Identification Problem
∙ Simultaneous Equation Models – recursive and non-recursive
∙ 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 Econometrics
∙ Probability Theory: Concepts of probability, Distributions, Moments, Central Limit theorem
∙ Descriptive Statistics – Measures of Central tendency & dispersions, Correlation, Index Numbers
∙ Sampling methods & Sampling Distribution
∙ Statistical Inferences, Hypothesis testing
∙ Linear Regression Models and their properties – BLUE
∙ Identification Problem
∙ Simultaneous Equation Models – recursive and non-recursive
∙ Discrete choice models
∙ Time Series Analysis
Unit-4 : Mathematical Economics
∙ Sets, functions and continuity, sequence, series
∙ Differential Calculus and its Applications
∙ Linear Algebra – Matrices, Vector Spaces
∙ Static Optimization Problems and their applications
∙ Input Output Model, Linear Programming
∙ Difference and Differential equations with applications
Unit-5 : International Economics
∙ International Trade: Basic concepts and analytical tools
∙ Theories of International Trade
∙ International Trade under imperfect competition
∙ Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms
∙ Exchange Rate: Concepts and Theories
∙ Foreign Exchange Market and Arbitrage ∙ Gains from Trade, Terms of Trade, Trade Multiplier
∙ Tariff and Non-Tariff barriers to trade; Dumping ∙ GATT, WTO and Regional Trade Blocks; Trade Policy Issues ∙ IMF & World Bank
Unit-6 : Public Economics
∙ Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality
∙ Regulation of Market – Collusion and Consumers’ Welfare
∙ Time Series Analysis
Unit-4 : Mathematical Economics
∙ Sets, functions and continuity, sequence, series
∙ Differential Calculus and its Applications
∙ Linear Algebra – Matrices, Vector Spaces
∙ Static Optimization Problems and their applications
∙ Input Output Model, Linear Programming
∙ Difference and Differential equations with applications
Unit-5 : International Economics
∙ International Trade: Basic concepts and analytical tools
∙ Theories of International Trade
∙ International Trade under imperfect competition
∙ Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms
∙ Exchange Rate: Concepts and Theories
∙ Foreign Exchange Market and Arbitrage ∙ Gains from Trade, Terms of Trade, Trade Multiplier
∙ Tariff and Non-Tariff barriers to trade; Dumping ∙ GATT, WTO and Regional Trade Blocks; Trade Policy Issues ∙ IMF & World Bank
Unit-6 : Public Economics
∙ Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality
∙ Regulation of Market – Collusion and Consumers’ Welfare
∙ Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation
∙ Public expenditure
∙ Public Debt and its management
∙ Public Budget and Budget Multiplier
∙ Fiscal Policy and its implications
Unit-7 : Money and Banking
∙ Components of Money Supply
∙ Central Bank
∙ Commercial Banking
∙ Instruments and Working of Monetary Policy
∙ Non-banking Financial Institutions
∙ Capital Market and its Regulation
Unit-8 : Growth and Development Economics
∙ Economic Growth and Economic Development
∙ Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach.
∙ Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor
∙ Technical progress – Disembodied & embodied; endogenous growth
∙ Public expenditure
∙ Public Debt and its management
∙ Public Budget and Budget Multiplier
∙ Fiscal Policy and its implications
Unit-7 : Money and Banking
∙ Components of Money Supply
∙ Central Bank
∙ Commercial Banking
∙ Instruments and Working of Monetary Policy
∙ Non-banking Financial Institutions
∙ Capital Market and its Regulation
Unit-8 : Growth and Development Economics
∙ Economic Growth and Economic Development
∙ Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach.
∙ Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor
∙ Technical progress – Disembodied & embodied; endogenous growth
∙ Indicators of Economic Development: PQLI, HDI, SDGs
∙ Poverty and Inequalities – Concepts and Measurement
∙ Poverty and Inequalities – Concepts and Measurement
∙ Social Sector Development: Health, Education, Gender
Unit-9 : Environmental Economics and Demography
∙ Environment as a Public Good
∙ Market Failure
∙ Coase Theorem
∙ Cost-Benefit Analysis and Compensation Criteria
∙ Valuation of Environmental Goods
∙ Theories of Population
∙ Concepts and Measures: Fertility, Morbidity, Mortality
Unit-9 : Environmental Economics and Demography
∙ Environment as a Public Good
∙ Market Failure
∙ Coase Theorem
∙ Cost-Benefit Analysis and Compensation Criteria
∙ Valuation of Environmental Goods
∙ Theories of Population
∙ Concepts and Measures: Fertility, Morbidity, Mortality
∙ Age Structure, Demographic Dividend
∙ Life Table
∙ Migration
Unit-10 : Indian Economy
∙ Economic Growth in India: Pattern and Structure
∙ Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
∙ Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
∙ Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
∙ Rural Development – Issues, Challenges & Policy Responses
∙ Life Table
∙ Migration
Unit-10 : Indian Economy
∙ Economic Growth in India: Pattern and Structure
∙ Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
∙ Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
∙ Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
∙ Rural Development – Issues, Challenges & Policy Responses
∙ Urban Development – Issues, Challenges and Policy Responses.
. Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
∙ Infrastructure Development: Physical and Social; Public-Private Partnerships
∙ Reforms in Land, Labour and Capital Markets
∙ Centre-State Financial Relations and Finance Commissions of India; FRBM ∙ Poverty, Inequality & Unemployment
∙ Infrastructure Development: Physical and Social; Public-Private Partnerships
∙ Reforms in Land, Labour and Capital Markets
∙ Centre-State Financial Relations and Finance Commissions of India; FRBM ∙ Poverty, Inequality & Unemployment