IIT JAM & GATE

Economics

More than 400 Hours of content

IIT JAM & Gate Economics Course
 

FEATURES
ArthaPoint - IIT JAM & GATE
Economics

  • Live Lectures 

  • Recorded batch also available

  • 3000 + questions

  • More than 400+ Hours

  • Every basic economics concept covered

  • About 300+ Assignments throughout the course

  • Assignments & Tests

  • E-Notes

  • Unlimited Doubt Resolution

  • Mock Papers

  • Access to lectures for one year

  • Past year exam discussion

  • Fee - Rs 18,500 (Recorded Batch)    

                Rs 21,500 (Live Batch)

IIT JAM + GATE Economics 2023
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DEMO LECTURE
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SYLLABUS
ArthaPoint - IIT JAM & GATE Economics

Microeconomics

  • Theory of Consumer Behaviour

  • Cardinal Approach and Ordinal

  • Approach

  • Consumer Preferences

  • Nature of the utility function

  • Marshallian and Hicksian

  • demand functions

  • Duality Theorem

  • Slutsky equation and Comparative Statics

  • Homogeneous and Homothetic Utility Functions 

  • Euler’s Theorem

  • The Theory of Revealed Preference

  • Weak Axiom of Revealed Preference and Strong Axiom of Revealed Preference

  • Theory of Production and Costs

  • Short-run and Long-run Analysis

  • Existence

  • Uniqueness and Stability of Market Equilibrium

  • Walrasian and Marshallian Stability Analysis

  • The Cobweb Model

  • Decision making under uncertainty and risk

  • Asymmetric Information

  • Adverse Selection and Moral Hazard

  • Theory of Agency costs

  • The Theory of Search

  • Theory of the Firm

  • Market Structures

  • Competitive and Non-competitive equilibria and their efficiency properties

  • Structure-Conduct-Performance Paradigm

  • Factor Pricing: Marginal productivity

  • Theory of Distribution in Perfectly Competitive markets

  • Theory of Employment in Imperfectly Competitive Markets

  • Monopolistic Exploitation

  • General Equilibrium Analysis

  • Welfare Economics

  • Fundamental Theorems

  • Social Welfare Function

  • Efficiency Criteria: Pareto-Optimality

Macroeconomics

  • National Income Accounting

  • Closed Economy Concepts and Measurement and Open Economy Issues

  • Determination of output and employment

  • Classical & Keynesian Framework 

  • Theories of Consumption: Absolute Income Hypothesis

  • Relative Income Hypothesis

  • Life Cycle Hypothesis 

  • Permanent Income Hypothesis and Robert Hall’s Random Walk Model 

  • Investment Function Specifications

  • Dale Jorgenson’s Neoclassical Theory of Capital Accumulation and Tobin’s

  • Keynesian Stabilization Policies, (Autonomous) Multipliers and Investment Accelerator

  • Demand and Supply of Money

  • Components of Money Supply

  • Liquidity Preference and the Liquidity Trap

  • Money Multiplier 

  • Interest Rate determination

  • Central Banking, Objectives

  • Prudential Regulation

  • Quantitative Easing 

  • Commercial Banking,

  • Non-Banking Financial Institutions 

  • Capital Market and it's Regulation

  • Theories of Inflation and Expectations

  • Augmented Phillips Curve

  • Real Business Cycles 

  • Adaptive Expectations Hypothesis

  • Rational Expectation Hypothesis and its critique.

  • Closed Economy IS-LM Model and Mundell Fleming Model:

  • Monetary and Fiscal Policy Efficacy.

  • The Impossible Trinity.

Statistics

  • Probability Theory

  • Concepts of probability 

  • Probability Distributions (Discrete and Continuous) 

  • Central Limit Theorem

  • Index Numbers and Construction of Price Indices, Sampling Methods & Sampling Distribution,

  • Statistical Inferences 

  • Hypothesis Testing

Econometrics

  • Linear Regression

  • Models and the Gauss Markov Theorem 

  • Heteroscedasticity

  • Multicollinearity and Autocorrelation

  • Spurious regressions and Unit roots

  • Simultaneous Equation Models -Recursive and non-recursive

Mathematics

  • Identification Problem

  • Differential Calculus and its Applications,

  • Linear Algebra

  • Matrices

  • Applications of Cramer’s Rule 

  • Static Optimization

  • Problems and Applications 

  • Input-Output Model

  • Linear Programming

  • Difference equations and Differential equations with applications

Indian Economy

  • Economic Growth in India: Pattern and Structure

  • Agriculture

  • Industry & Services Sector: Pattern & Structure of Growth, Major Challenges

  • Policy Responses

  • Rural & Urban Development- Issues, Challenges & Policy Responses

  • The flow of Foreign Capital

  • Trade Policies

  • Infrastructure Development: Physical and Social

  • Public-Private Partnerships

  • Reforms in Land

  • Labour and Capital Markets

  • Poverty

  • Inequality & Unemployment

  • The functioning of Monetary Policy in India 

  • Fiscal Policy in the Indian context: Structure of Receipts and Expenditure

  • Tax reforms-Goods and Services Tax

  • Issues of Growth and Equity

  • Fiscal Federalism

  • Centre-State Financial Relations and Finance Commissions of India

  • Sustainability of Deficits and Debt

  • The Fiscal Responsibility and Budget Management Act 2003

  • Demonetization and aftermath

  • India’s balance of payments

  • Composition of India’s Trade

  • Competitiveness of India’s exports

  • India’s exchange rate policy

Development Economics

  • Theories of Economic Development: Adam Smith, David Ricardo, Karl Marx, J.Schumpeter, W. Rostow 

  • Balanced & Unbalanced Growth 

  • Big Push Approach

  • Indicators of Economic Development: HDI, SDGs, MDGs

  • Poverty and Inequalities- Concepts and Measurement Issues

  • Social Sector Development 

  • Health

  • Education

  • Gender

  • Fertility

  • Morbidity

  • Mortality

  • Migration

  • Child Labor

  • Age Structure

  • Demographic Dividend 

  • Models of Economic Growth

  • Harrod-Domar

  • Solow

  • Ramsey

  • Technical progress- Disembodied & Embodied

  • Endogenous Growth Models.

Public Economics

  • Market Failure and Remedial Measures: Asymmetric Information

  • Public Goods

  • Externality

  • Regulation of Market- Collusion and Consumers

  • Welfare

  • Public Revenue: Tax & Non-Tax Revenue

  • Direct & Indirect Taxes

  • Progressive and non-Progressive Taxation

  • Incidence and Effects of Taxation 

  • Public expenditure

  • Public Debt and its management 

  • Public Budget and Budget Multiplier

  •  Tax Incidence

  • Fiscal Policy and its implications

  • Environment as a Public Good

  • Market Failure

  • Coase Theorem

  • Cost-Benefit Analysis.

International Economics

  • Theories of International Trade

  • International Trade under Imperfect Competition

  • Gains from Trade 

  • Terms of Trade

  • Trade Multiplier

  • Tariff and Non-Tariff Barriers to trade

  • Dumping and Anti-Dumping Policies 

  • GATT, WTO and Regional Trade Blocks

  • Trade Policy Issues

  • Balance of Payments: Composition Equilibrium and Disequilibrium and Adjustment Mechanisms

  • Foreign Exchange Market and Arbitrage

  • Exchange rate determination

  • IMF & World Bank.

Get IIT JAM Economics Syllabus & Gate Economics Course in India

 

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