| Ph.D. Course Contents | |
|---|---|
| UNIT | SUBJECTS OF STUDY |
| 1 | Micro and Macro Economics-Importance, uses and difference |
| 2 | Theory of Demand- Cardinal and Ordinal measurement theory, Revealed preference, Hicks Logical Ordering theory, Elasticity. |
| 3 | Theory of Production and Cost- Law of variable proportion, Production function with two variables, Returns to scale, Cost of production and cost. |
| 4 | The Theory of Distribution- Marginal productivity, Land, Interest, Profit and wages theories. |
| 5 | Market Theory- All types of markets, firm and industry behaviour in different markets, Price discrimination. |
| 6 | Theory of Income and Employment- Classical and Keynesian theory. |
| 7 | National Income- Concepts and methods |
| 8 | Consumption and Investment Theory– Keynes theory, MEC, Propensity to save and invest Life cycle theory of consumption, a permanent theory of consumption. |
| 9 | Money and Banking-Functions of money. Commercial bank, and RBI, Monetary policy. |
| 10 | Theory of intervention- Tariff and Import quota, Free trade and protection. |
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