3 Review(s)

Arthashastra: (Economics) UNIT – I MICRO ECONOMICS 1. Definitions, Scope, Subject-Matter and Nature of Economics, 2 . Micro and Macro Economics, 3. Static and Dynamic Analysis, 4. Methods of Economic Study (Deductive and Inductive Methods), 5. Central Economic Problems, 6. Cardinal Utility Analysis : Marginal Utility, Total Utility, Law of Diminishing Marginal Utility and Law of Equimarginal Utility (Consumer’s Equilibrium), 7. Ordinal Utility Analysis : Indifference Curve Analysis (Consumer’s Equilibrium, Income Effect, Income Consumption Curve, Price Effect, Price Consumption Curve, Substitution Effect and Normal Giffin Goods and Inferior Goods), 8. Consumer’s Surplus, 9 . Theory of Demand (Law of Demand, Changes in Demand, Derivation of Demand Curve and Engel’s Curve), 10. Elasticity of Demand (Price Elasticity of Demand, Cross Elasticity of Demand and Income Elasticity of Demand), 11. Production Function, Cobb-Douglas Production Function and Law of Variable Proportion, 12. Returns to Scale, 13. Economies of Scale, 14. ISO-Product Curve : Meaning, Characteristics, ISO-Cost Line, Production Decision and Expansion Path, 15 . Concepts of Cost, 16. Concept of Revenue, 17. Break-Even Analysis, UNIT – II MONEY AND BANKING 1. Money : Meaning, Definition and Functions, 2. Role of Money : Capitalistic, Socialistic and Mixed Economies, 3. Demand of Money, 4. Quantity Theory of Money (Cash Transaction Approach and Cash Balance Approach), 5. Keynesian Theory of Money and Prices, 6. Interest Rates, 7. Inflation, Inflationary Gaps and Methods of Control Inflation, 8. The Philips Curve, 9. Keynesian Theory of Investment Multiplier, 10. Central Bank : Objectives, Functions, Credit Control (Quantitative and Qualitative) and Limitations, 11. Supply of Money, 12. Money Market, 13. Commercial Banking : Meaning, Types and Functions, 14. Commercial Banking in India, 15. Principles of Commercial Banks, 16. Balance-Sheet of Bank, 17. Creation of Credit by Banks, 18. Recent Reforms in Banking Sector in India, 19. Indian Banking System, 20. Financial Market : Money and Capital Market, 21. Kinds of Market, 22. Bond Market and Foreign Exchange Market, 23 . Financial Derivatives : Futures and Options.