3 Review(s)

UNIT - I Macro Economics 1.National Income, 2. Economic Welfare and National Income, 3. Circular Flow of Income, 4. National Income Accounting/Social Accounting, 5. Green Accounting, 6 .The Classical Theory of Employment, 7. Say’s Law of Market, 8. Theory of Keynesian Employment, 9. Consumption Function : Average and Marginal Propen-sity to Consume : Factors Influencing Consumption Spending, 10. Saving and Investment : Exante and Ex-Post Equality and Equilibrium, 11. Theory of Investment : Autonomous and Induced and Marginal Efficiency of Capital, 12. Trade Cycle : Nature and Characteristics (Hawtrey’s Monetary Theory, Hayek’s Over Investment Theory,Keynes view on Trade Cycle, Samuelson and Accelerator Interaction Model, Control of Trade Cycle), 13. International and Inter-Regional Trade, 14. Theory of International Trade (Absolute and Comparative Advantage), 15. Modern Theory of International Trade or Heckscher-Ohlin Theory, 16. International Trade and Economic Development, 17. Free Trade and Protection-Tools of Protection-Custom Duty, Quota-Devaluation-Tariffs, State Trading Etc., 18. Balance of Trade and Balance of Payment, 19. International Monetary Fund (I.M.F.), 20. World Bank, 21. World Trade Organisation (W.T.O.), 22. Foreign Trade in India (Trends & Direction), 23. Import-Export Policy of India, UNIT - II Money, Banking and Public Finance 1.Meaning and Functions of Money, 2. Gresham’s Law, 3. Quantity Theory of Money, 4. Value of Money and Index Number, 5. Inflation, Deflation and Recession, 6. Commercial Banks and Credit Creation, 7. Central Banking and its Functions, 8. Reserve Bank of India, 9. Monetary Policy : Objectives and Limitations, 10. Meaning and Scope of Public Finance, 11. Principle of Maximum Social Advantage, 12. Public Expenditure : Meaning, Nature, Wagner and Wiseman Peacock’s Law, 13.Classification and Canons of Public Expenditure, 14. Sources of Public Revenue, 15. The Division of Tax Burden : Incidence of Tax, 16. Benefit and Ability to Pay Principles of Taxation, 17. Effects of Taxation, 18. Canons of Taxation and Characteristics of a Good Tax System.