University of Mysore

MA Economics Entrance Examination Syllabus

||
||

|| , ||

Module 1 Principles Of Micro Economics

Module 2 Production Function

Module 3 Introduction To Macro Economics

Module 4 Keynesian Theory Of Employment

Module 5 Mathematics and Statistics For Economists

Module 6 Indian Economy

Module 7 Karnataka Economy

Module 8 Economics Of Development

Module 9 Public Finance

Module 10 International Economics

1. Importance and Limitations of the Problem of Choice

2. Scarcity and Efficiency

3. Basic Problems of an Economy

4. Production Possibility Curve

5. The Law of Diminishing Marginal Utility

6. The Law of Equi-Marginal Utility

7. Consumer’s Surplus

8. Limitations of Marshallian Approach

9. Indifference Curves

10. Consumer’s Equilibrium

11. Income Effect and Substitution Effect

12. Revealed Preference Theory

13. Demand

14. Demand Curve

15. Expectations

16. Factors Influencing Demand

17. Elasticity of Demand

18. Supply

19. Supply Curve

20. Factors Influencing Supply

Page 2 of 11
 Module 2: Production Function

1. The Law of Variable Proportions

2. Law of Returns to Scale

3. Cost

4. Types of Costs

5. Revenue

6. Types of Revenue

7. Markets : Pure Competition and Perfect Competition

8. Features

9. Price and Output Determination

10. Monopoly

11. Features

12. Price and Output Determination

13. Discriminating Monopoly

14. Monopolistic Competition

15. Product Differentiation

16. Oligopoly

17. Features

18. Kinked Demand Curve

19. Collusive and Non-Collusive Oligopoly

20. Cartels and Price Leadership

Page 3 of 11
 Module 3: Introduction To Macro Economics

1. Basic Concepts of Macro Economics

2. Stocks

3. Flow

4. Equilibrium

5. Aggregate Supply

6. Aggregate Demand

7. General Price

8. Concepts of GNP, GDP, NNP, NDP, NI, PI

9. Measures of National Income

10. Difficulties in its Measurement

11. Fluctuations in Economic Activity

12. Business Cycles

13. Inflation

14. Deflation

15. Meaning and Types

16. Control Measures

17. Role of Monetary and Fiscal Policy

Page 4 of 11
 Module 4: Keynesian Theory Of Employment

1. Concept of Effective Demand and It’s Determinants

2. Consumption Function

3. Average Propensity to Consume(APC) & Marginal propensity to

Consume(MPC)

4. Determinants of the Propensity to Consume

5. Investment Function

6. Marginal Efficiency of Capital

7. Factors Influencing the Investment Expenditure

8. Investment Multiplier

9. Criticism of the Keynesian Theory of Employment

Page 5 of 11
 Module 5: Mathematics and Statistics for Economists

Mathematics for Economists:

1. Nature, Scope and Role of Mathematics in Economics

2. Function and Functional Relations

3. Linear and Non-Linear Function

4. Sets

5. Types of Sets

6. Union of Sets

7. Intersection of Sets

8. Market Equilibrium

9. Impact of Tax and Subsidy on Market

10. Derivatives

11. Limit and Continuity

12. Rules of Differentiation

13. Derivation of Marginal Revenue and Cost Function

14. Elasticity of Demand

15. Maximization of Profit and Minimization of Cost

Statistics for Economists:

2. Classification and Tabulation

3. Measures of Central Tendency

4. Measures of Dispersion
Page 6 of 11
 Module 6: Indian Economy

1. Features of Indian Economy

2. National Income Accounting

3. Features of Indian Agriculture

4. Agricultural Labour

5. Food Security

6. Large Scale Industries

7. New Industrial Policy

8. Small Scale Industries

9. Composition and Direction of India’s Foreign Trade

10. Emerging Trends

11. Functions of RBI

12. Problems of Poverty

13. Unemployment

14. Inflation

15. Parallel Economy

16. Banking Sector Reforms

Page 7 of 11
 Module 7: Karnataka Economy

1. Sectoral Contributions to State GSDP

2. Characteristic Features of Karnataka Economy

3. Human Development Index

4. Agriculture

5. Industries

6. Health and Education

7. State Finance

Page 8 of 11
 Module 8: Economics Of Development

1. Development Concepts

2. Economic Growth and Development

3. Physical Quality of Life Index (PQLI), Gender Empowerment Measure(GEM)

and Gross Domestic Income (GDI)

4. Human Development

5. Sustainable Development

6. Classical Theory of Development (Adam Smith, David Ricardo, T R Malthus,

Karl Marx, Schumpeter and Rostow)

7. Partial Theories of Development (Labour Surplus Theory, Theory of Big Push,

Critical Minimum Effort Thesis, Balanced and Unbalanced Theory)

8. Capital Output Ratio

9. State and Market in Development

Page 9 of 11
 Module 9: Public Finance

1. Meaning of Public Finance

2. Importance of its Study

3. Principle of Maximum Social Advantage

4. Welfare Functions of Modern Government

5. Triple Budget Function

6. Private and Public Goods

7. Market Failures

8. Principles of Public Expenditure

9. Kinds of Public Expenditure

10. Public Revenue: Tax and Non-Tax Revenue

11. Direct and Indirect Taxation

12. Public Debt

13. Causes

14. Debt Redemption

15. Techniques of Deficit Financing

16. Budgetary Deficit

17. Objectives and Importance of Fiscal Policy

Page 10 of 11
 Module 10: International Economics

1. Distinction between Internal and International Trade

2. Absolute and Comparative Cost Theories

3. Concepts of Reciprocal Demand ‘

4. Factors affecting Terms of Trade

5. Types and Effects of Tariffs

6. Role of Multinational Corporations in Trade Balances

7. WTO and Indian Economy

8. Concepts of Balance of Trade and Balance of Payments

9. International Monetary Fund

10. South Asian Association for Regional Cooperation (SAARC)

Page 11 of 11