Paper-II Economics (Compulsory)
1.
(A) CLASSICAL THEORY OF EMPLOYMENT
:
20%
Say's
law of Markets. classical Theory- Rate of interest-wage flexibility & full
employment.
(B)
QUANTITY THEORY OF MEMORY :
Fisher's
Cambridge versions Analysis & comparison Freedman's Formulation & of
Demand for Money.
2. (A) KEYNESIAN APPROACH MACRO
ECONOMICS THEORY
:
20%
Aggregate
Demand - Consumption function APC & MPC multiplier Efficiency of
Capital.
(B) KEYNESIAN THEORY OF
INTEREST & DEPICTING EQUILIBRIUM :
Liquidity
preference theory of interest its limitation-Depiction equilibrium with the
help of 450 line & c + I curve.
3. (A) EXPLANATION OF MONETARISM
:
20%
Characteristics-
Alternative explanation of employment- such as classical Keynesian
monetarist & leigonhufwuds.
(B) INFLATION :
meaning
of inflation -Demand pull and cost push inflation -its effects & control
of inflation. phase Trade cycles no individual theory expected.
4. (A) THEORIES OF INTERNATIONAL TRADE &
TRADE POLICY
:
20%
Comparative
cost theory opportunity cost theory - Factor endowment theory
relative Difference and limitations.
(B) TERMS OF TRADE &
TRADE POLICY :
Concept
Terms of trade & Factors affecting on it offer curves- free trade policy
arguments in favor of infant industry.
5. (A) BALANCE OF PAYMENT & EXCHANGE RATE
DETERMINATION
:
20%
Balance
of trade-Balance rate payments causes & remedies for adverse balance of
payments. Purchasing power party theory.
(B) I M F :
Flexible
exchange rate policy arguments in favor and against of it Modern system for
determination of exchange rate policy. Concept of convertibility full.
TOTAL....
100%
*
REFERENCE :
NO
NAME OF
BOOKS
BY
1.
Monetary Economics
S.R.Gupta.
2.
Macro Economics
Systems
ed. K.Bhaskar.
3.
Macro
Economics
Dornbuseh & fisher.
4.
"General
Theory"
J.M. Kenynes
5.
Macro Economics
after
Victoria vhick
6.
The Theory of
international
Trade Heberior
7.
International
Trade
Kidnenberger
8.
International Trade & Trade
policy ed. Heplmen
& Rizin
9.
Inflation
Sawyer
