M.A 1st Year Economics Syllabus For 2023-24

Today you will get the information about m.a 1st year economics syllabus for 2023-24 in detail. 

Basically, this is a common syllabus and provides the guidelines for you to know, what you have to learn in MA economics.

As you know economics is a vast subject, but best subject to make your career. 

So, if you want to get a decent job in this subject focus on the initial stage of learning. 

This m.a economics syllabus helps you provide all the subject-related information in depth. 

As you know every university announces a new syllabus for a new session with little modification or a new syllabus. 

This syllabus is prepared by the authorized person of the university or professor of the college. 

Sometimes the delay in production. 

That time you can get the help of this one to make your m.a. economics subjects part 1 notes.

You will get the paper-wise bifurcated details of the lesson in this. 

If you think that this syllabus is not matching with the university guidelines then focus on your college syllabus first. 

You can treat this m.a economics syllabus for private students, who do not belong to any university and appear in exams privately. 

MA economics syllabus subject details are given below for your convenience.

M.A. economics subjects are - 

1. Micro Economic Analysis
2. Macro Economic Analysis
3. Mathematics For Economists
4. Economics of Growth and Development
5. Indian Economic Policy

M.A First Year Economics Syllabus

M.A. Economics 1st Year 1st Paper Syllabus

1. Micro Economics 

• Unit-1: Role and significance of assumption in economic models, Empirical testing of economic models. Theory of Demand: Utility analysis of demand; Indifference curves theory; Income and substitution effects: The Slutsky theorem; Compensated demand curves; The revealed preference theory.
• Unit-2: Theory of Production: Stages of production function; Returns to factor proportions; Return to scale; Elasticity of substitution; Technical progress and production function; Cost and Revenue Analysis (traditional and modern theories of cost). Equilibrium of the firm-marginal analysis: Optimum factor combination and product combination
• Unit-3: Market Structures and Pricing Process: Equilibrium of firm and industry under perfect competition; Monopoly; bilateral monopoly; and Monopolistic competition; Excess capacity and imperfect competition: Pricing and output behavior under oligopoly: Collusive and non-collusive models: Extensions of the oligopoly: models: Models of Bamuol, Marris and Williamson. 
• Unit-4: Theory of Distribution: The Marginal Productivity Theory of Distribution; The adding up Problem and Euler’s theorem. The modern theory of distribution. Theory of Rent: Ricardian and Modern. Theories of Interest: Classical, Neo-classical, Keynesian, and IS-LM curve theories Theories of Wages: Wage determination under perfect and imperfect competition; wage determination under trade unionism. Theories of profits. Classical, Marxian, and Kaleski’s theories. 

M.A. Economics 1st Year 2nd Paper Syllabus

2. Micro Economics

• Unit-1: Macro Economic Theories of Investment: The Keynesian Post-Keynesion, New-Keynesian, and the financial theory of investment determination. Lags in investment. Portfolio disequilibrium and the transmission mechanism. The Demand for Money; The classical, Keynesian, and Postkeynesion approaches.
• Unit-2: The supply of Money and Definitions of Money Supply: Inside and outside money, the neutrality of money Equilibrium in the money market. The classical and Keynesian dichotomies and their resolution by Patinkin’s real balance effect and through the IS-LM model respectively. Keynesian and post-Keynesian theories of rate of interest.
• Unit-3: Growth Models: Harrod-Domar model; Neo-classical model; Golden rule of accumulation; Optimal growth turnpikes. Theories of Trade Cycles: Multiplier-Accelerator interaction model, Kaldor and Hicks’ models. Determination of General Price Level; Classical and Keynesian approaches. Theories of Inflation; Demand-pull and cost-push inflation; short and long-run Phillips curve analysis; The Keynesian, the monetarist, and the rational expectations analysis.
• Unit-4: Keynesian and monetarist perspectives on monetary, fiscal, and income policies. Stabilization policies: RulesVsDiscretion: lagged effects of policies and role of expectations. Crowding out effect and government budget constraint. Rational expectations and effectiveness of stabilization policies.

M.A. Economics 1st Year 3rd Paper Syllabus

3. Mathematics For Economists

• Unit-1 Basics: real number system, sets, and set operations, relations and functions, inverse functions; solution of linear equations in two variables, solution of quadratic equations, logarithms and exponents; exogenous and endogenous variables.
• Unit-2 Fundamentals of Matrices; Determinants. Solution of a system of up to 3 equations by matrix inversion and Cramer's rule. Input- Output analysis - Static open model.
• Unit-3 Differentiation-idea of limit (but not its evaluation), meaning, and economic interpretations of derivative. Rules of differentiation include logarithms and exponential functions. Unconstrained optimization - single choice variable; global and local.
• Unit-4 Calculus of multivariable functions, higher order derivatives, constrained optimization with up to 2 equality constraints.

M.A. Economics 1st Year Fourth Paper Syllabus

4. Economics Of Growth And Development

• Unit-1: Sectoral Aspects of development; Importance of agriculture and industry in economic development. Role of institutions - government and markets. Poverty - indicators, and measurement.
• Unit-2: Trade and development: trade as an engine of growth, two gap analysis, Prebisch, Singer and Myrdal views, gains from trade and LDCs; Role of Foreign Direct Investment (FDI) and Multinational corporations(MNCs) in the emerging scenario.
• Unit-3: Objects and role of monetary and fiscal policies in economic development; Choice of techniques and appropriate technology; Investment Criteria; Cost benefits analysis.
• Unit-4: Techniques of planning: Plan Models in India; Planning in a market-oriented economy; Endogenous growth; the role of education research and knowledge - Explanation of Cross country differentials in economic development and growth.

M.A. Economics 1st Year Fifth Paper Syllabus

5. Indian Economic Policy

• Unit-1: Growth and Structure of Indian Economy Since 1950. Growth of the Indian economy since 1950. Measures for raising economic growth. Trends in the nature and magnitude of poverty, inequality, and unemployment. Changes in occupational patterns, Demographic trends, and economic development. Rate and trend in saving, investment, and growth rate.
• Unit-2: Growth of Agricultural and Industrial Sectors: Trends in agricultural production and productivity. Food policy and public distribution system (PDS). Impact of liberalization in the agricultural sector. Industrial Growth performance and problems. Industrial concentration; its nature and extent. Cottage and small-scale industries. Impact of liberalization and privatization on the industrial sector.
• Unit-3: Money Supply, Inflation and Public Policies: Factors determining interest rates. Money supply and inflation in India. Financial sector reforms during the 1990s. recent tax reforms. Growth and structure of subsidies in India. Macroeconomic policies - fiscal policy, income policy, and stabilization policy. Parallel economy and its implications.
• Unit-4: International Trade Policies: Composition and directions of India’s foreign trade. Factors determining the balance of payment. Disequilibrium in the balance of payment. Causes, consequences, and policy measures. India’s policies towards foreign capital; collaboration, export promotion, and import substitution. Exchange rate policy and the convertibility of the Rupee. 

M.A Economics Books

Recommended Books For B.com Students

M.A Economics 1st Year 1st Paper Books

• A. Koutsoyiannis - Modern Microeconomics
• R.G. and K. Alec Chrysal - An Introduction to Positive Economics
• D. Salvatore - Microeconomic Theory
• Jehle & Renne - Advanced Microeconomic Theory
• David M. Kreps - A Course in Microeconomic Theory

M.A. Economics 1st Year 2nd Paper Books

• G. Ackley - Macroeconomics Theory and Policy
• W.A Banson - Macroeconomic Theory and Policy
• R. Dorn Busch & F. Stanley - Macroeconomics
• B.J & V.P. Fredricck - Foundation of Modern Macroeconomic
• R. Jha - Contemporary Macroeconomic Theory and Policy
• David Romer - Advanced Macroeconomics

M.A. Economics 1st Year 3rd Paper Book

• Alpha C Chiang - Fundamental Methods of Mathematical Economics
• Edward T Dowling - Mathematics for Economists
• M.W. Klein - Mathematical Methods for Economics
• M. Pemberton & N. Rau - Mathematics for Economists
• C.R. Kothari - An Introduction to Operations Research

M.A. Economics 1st Year Fourth Paper Syllabus

• G.M Meir - Leading Issues in Economic Development
• S.K Mishra & V.K. Puri - Economics of Development and Planning
• M.P Todaro - Economic Development
• J. Hogendorn - Economic Development
• A.P Thiwal - Growth and Development
• A.K. Sen - Growth Economics.
• A.K. Sen - Poverty and Famines
• A.K. Sen - Resources, Values & Development

M.A. Economics 1st Year 5th Paper Book

• R.K Sen & Chatterjee - Indian Economy: Agenda for 21st Century
• P.K Dhar - Indian Economy- Its Growing Dimensions
• S.K Mishra & V.K. Puri - Indian Economy - 1st Development Experience

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