TN PG TRB 2025 ECONOMICS

Update:13-12-2024. Questions are being uploaded. Please check in a few days.

Test batch sample question papers

UNIT I MICRO ECONOMICS

• Theory of Consumer Behaviour – Cardinal and Ordinal approaches – Revealed Preference hypothesis – Hicks Revision of demand theory
• The Modern Utility analysis of Choices involving risk or uncertainty – Elasticity of demand – The concept of Consumers Surplus
• Theory of Producer Behaviour: Production Function – Law of Variable Proportions and Return to scale
• Production Function: Cobb-Douglas, CES – Technical progress – Least Cost Combination – The Theory of Costs
• Theory of Markets: Market structure – Concept of equilibria – Perfect Competition – Monopoly and Price Discrimination
• Monopolistic Competition – Oligopoly – Duopoly – Game theory – Non-cooperative games
• Factor Pricing: Marginal Productivity Theory – Product Exhaustion Theorem
• Theories of Rent, Wages, Interest and Profits – General Equilibrium Analysis
• Efficiency criteria: Pareto – Hicks and Kaldor
• Welfare Economics: old and new – Economics of information

UNIT II MACRO ECONOMICS

• National Income and Social Accounting: Concepts and Measurements
• Determination of Output and Employment: Classical and Keynesian, Post Keynesian
• Consumption and Investment Functions: Theories of Consumption Function – The Principles of Multiplier and Accelerator
• Interaction of Multiplier and Accelerator – Theories of Investment Function
• New Theories of Investment: Financial, Jorgenson and Tobin
• Macro theories of Distribution: Ricardo, Marx
• Keynes, Kalecki and Kaldor

UNIT III MONEY BANKING

• Theories of demand for and supply of money: Classical, Keynesian and Post-Keynesian approaches
• Components of Money Supply – High Powered Money – The Money Multiplier
• Theories of Inflation – Theories of Business Cycles
• Controls of Business Cycles – Inflation and Phillips Curve Analysis
• Functions of Central Banking and Credit Control – Instruments and Workings of Monetary Policy
• Different Currency Standards – Rational Expectations Hypothesis and its critique
• capital market and its regulations
• Role and Functions of Commercial Banks and Non-Banking Financial Institutions

UNIT IV INTERNATIONAL ECONOMICS

• International Trade and Economic Development
• Theories of International Trade: Smith, Ricardo
• Hecksher-Ohlin and Krugman
• Factor Price Equalization Theorem by Rybczynski
• Balance of Payments: Concept, Composition, Equilibrium and Disequilibrium
• Terms of Trade – Trade Multiplier
• Theories of Exchange Rate – Exchange Rate Policies – Foreign exchange market
• Optimum Currency Area – International Capital Movements – Free trade vs Protectionism
• Qualitative and Quantitative Restrictions – Trade policy for developing countries – GATT and WTO
• Regional Trade Blocks: EU, ASEAN, SAARC, NAFTA, BRICS etc. – IMF and World

UNIT V PUBLIC ECONOMICS

• Role of Public Finance – Canons of Taxation – Principles of Taxation – Taxable Capacity
• Direct and Indirect Taxes – GST design – Implementation and impact of GST
• Theories of Public Expenditure: Musgrave, Wagner, Peacock and Wiseman
• Public Debt: Meaning, Theories and Methods of Repayment
• Budget: Procedures and types – Objectives and Instruments of Fiscal Policy
• Deficit Financing and Methods – Effectiveness of Monetary and Fiscal policy
• Principles of Federal Finance – Problems of Allocation of Resources of the Centre and State
• Fiscal Responsibility of the Centre and State – Finance Commission in India
• Local Finance in India – Sources of Local Finance
• Functions and Their Defects – Fiscal Correction and Additional Stimulus

UNIT VI ECONOMIC GROWTH AND DEVELOPMENT

• Indicators of Economic Development: GDP, Per Capita Income
• PQLI, HDI and GDI
• Theories of Economic Development: Smith, Ricardo, Mark, Schumpeter and Rostow
• Balanced and Unbalanced, Amartya Sen
• Technical Progress: Embodied and Disembodied – Endogeneous Growth
• Models of Economic Growth: Harrod – Domar, Robinson, Kaldor, Solow and Mahalanobis
• Concepts and Measurement: Sustainable Development Goals, Poverty and Inequalities

UNIT VII ENVIRONMENTAL ECONOMICS AND DEMOGRAPHY

• Environment as a public good, Market failures – Coase Theorem
• Cost Benefit Analysis and Compensation Criteria
• Validation of Environmental Goals
• Theories of Population – Concept, Measures and Features
• Population Pyramid, Fertility, Morbidity, Mortality, Aging
• Demographic dividend, Life Table, Migration, Urbanization

UNIT VIII INDIAN ECONOMY-I

• Features of Indian Economy – National Income in India: Measurement, Growth and Structure
• Economic reformation in India: Fiscal, Financial and Trade
• Challenges facing in chain Economy: Human capital formation, Unbalanced regional development
• Unemployment, Poverty and Inequality
• Agriculture in India – Land reforms – Green revolution
• Agricultural credit and marketing – Food Security – Reformation in agriculture
• Major Issues in Agriculture: Agrarian crisis, farm subsidies, food security
• Doubling farmers income and farmers’ suicide – WTO and agriculture
• Industries in India – Industrialization: Role, Growth, Pattern, Features and Performance
• Industrial Policies in the post independence era – Performance of Public Sector
• Disinvestment policy – Large Scale Industries and MSMEs in the transformative era (2014-15)
• Make in India, Startup India, Skill India – Special Economic Zones – Industrial Labour reforms in India
• Impact of GST and Demonetization on Unorganized and Informal industries
• Services in India: Foreign Trade: Composition, Direction, Balance of Payment Problems and Policies
• Financial Services in India: Commercial Banks, Money and Capital Markets
• Infrastructure: Transport, Energy, Telecommunication, Health and Education
• Fiscal System in India

UNIT IX INDIAN ECONOMY-II

• New Economic Policy: Liberalisation, Privatisation and Globalisation
• Critical appraisal of pre and post liberalisation
• Planning Commission in India: Five Year Plans, Strategies, Achievements and performance
• Planning Commission vs NITI Aayog
• Rural Economy in India: Features, Problems and Challenges
• Rural Development: Meaning, Need and Policies
• Rural poverty and unemployment: causes and remedies
• Rural indebtedness: features, causes and remedies – Rural infrastructure
• Tamil Nadu Economy: Features, Growth, Structure, Performance and Models of development
• Major Challenges in Tamil Nadu Economy – Dravidian Model of development.

UNIT X QUANTITATIVE METHODS

• Collection of Data – Sampling methods – Organisation and Presentation of Data
• Measures: Central tendency, Dispersion and Distribution – Correlation – Regression
• Index Numbers – Time series and Analysis – Sampling distributions
• Theories of estimation – Testing of hypothesis
• Linear Regression models: Simple and Multiple
• Violations of assumptions of Linear Regression model: Autocorrelation, Heteroscedasticity, Multicollinearity and Misspecification
• Mathematical Economics: Sets – Functions and Continuity, Sequence, Series
• Differential Calculus and its applications – Integral calculus (Basic Techniques)
• Differential and difference equations with applications
• Linear Algebra – Matrices and their application in Economics
• Input-Output Model – Linear Programming Problems