Patliputra University, Bihar, Political Science , Economics Theory (Subsidiary-English) Syllabus

ECONOMICS THEORY (Economics Subsidiary)

UNIT I

(i) Micro and Macro

(ii) Utility analysis Marshalian and Hicksian app

(iii) law of Demand, elasticity and its types .

UNIT II

(I) Concept – of Market - and its elements

(ii) Types of Market

(iii) Pricing under Perfect competition and monopoly.

UNIT – III

Malthusian theory of population.

UNIT – IV

Theories of Rent, interest, Profit and wages.

UNIT – V

Money – functions, Theories of value of money – Fisher and Cambridge version.

Inflation: Causes and control measures.

UNIT – VI BANK

(i) commercial and Central banks:- Functions

(ii) I .M .F and world Bank – Functions

UNIT – VII Taxation

( i ) Theories of Taxation ( Ability) to pay theory.

( ii ) Public expenditure cause of increase and measures to control.

UNIT – VIII International Trade

( i ) Comparative cost theory Ohlin and Hecksher.

( ii ) Concepts of Free trade.