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KARNATAKA STATE ELIGIBILITY TEST (K-SET)
FOR ASSISTANT PROFESSOR
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| #3 |
Unit-1 : Micro Economics
∙ Theory of Consumer Behaviour
∙ Theory of Production and Costs
∙ Decision making under uncertainty Attitude towards Risk
∙ Game Theory- Non Cooperative games
∙ Market Structures, competitive and non competitive equilibria and their efficiency properties
∙ Factor Pricing
∙ General Equilibrium Analysis
∙ Efficiency Criteria : Pareto-Optimality, Kaldor-Hicks and Wealth Maximization
∙ Welfare Economics : Fundamental Theorems, Social Welfare Function
∙ Asymmetric Information: Adverse Selection and Moral Hazard
Unit – 2: Macro Economics
∙ National Income: Concepts and Measurement
∙ Determination of Output and employment: Classical & Keynesian Approach
∙ Consumption Function
∙ Investment Function
∙ Multiplier and Accelerator
∙ Demand for Money
∙ Supply of Money
∙ IS-LM Model Approach
∙ Inflation and Philips Curve Analysis
∙ Business Cycles
∙ Monetary and Fiscal Policy
∙ Rational Expectation Hypothesis and its critique
Unit – 3: Statistics and Econometrics
∙ Probability Theory: Concepts of probability, Distributions, Moments, Central Limit Theorem
∙ Descriptive Statistics - Measures of Central tendency & dispersions, Correlation, Index Numbers
∙ Sampling methods & Sampling Distribution
∙ Statistical Inferences, Hypothesis testing
∙ Linear Regression Models and their properties – BLUE
∙ Identification Problem
∙ Simultaneous Equation Models – recursive and non-recursive
∙ Discrete choice models
∙ Time Series Analysis
Unit – 4: Mathematical Economics
∙ Sets, functions and continuity, sequence, series
∙ Differential Calculus and its Applications
∙ Linear Algebra – Matrices, Vectors Spaces
∙ Static Optimization Problems and their applications
∙ Input – Output Model, Linear Programming
∙ Difference and Differential equations with applications
Unit – 5: International Economics
∙ International Trade: Basic concepts and analytical tools
∙ Theories of International Trade
∙ International Trade under imperfect competition
∙ Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms
∙ Exchange Rate: Concepts and Theories
∙ Foreign Exchange Market and Arbitrage
∙ Gains from Trade, Terms of Trade, Trade Multiplier
∙ Tariff and Non- Tariff barriers to trade; Dumpling
∙ GATT, WTO and Regional Trade Blocks; Trade Policy Issues
∙ IMF & World Bank
Unit – 6: 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
∙ Fiscal Policy and its implications
Unit – 7: Money and Banking
∙ Components of Money Supply
∙ Central Bank
∙ Commercial Banking
∙ Instruments and Working of Monetary Policy
∙ Non-banking Financial Institutions
∙ Capital Market and its Regulation
Unit – 8: Growth and Development Economics
∙ Economic Growth and Economic Development
∙ Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach.
∙ Models of Economic Growth: Harrod - Domar, Solow, Robinson, Kaldor
∙ Technical progress – Disembodied & embodied; endogenous growth
∙ Indicators of Economic Development: PQLI, HDI, SDGs
∙ Poverty and Inequalities – Concepts and Measurement
∙ Social Sector Development: Health, Education, Gender
Unit – 9: Environmental Economics and Demography
∙ Environment as a Public Good
∙ Market Failure
∙ Coase Theorem
∙ Cost – Benefit Analysis and Compensation Criteria
∙ Valuation of Environmental Goods
∙ Theories of Population
∙ Concepts and Measures: Fertility, Morbidity, Mortality
∙ Age Structure, Demographic Dividend
∙ Life Table
∙ Migration
Unit - 10 : Indian Economy
∙ Economic Growth in India: Pattern and Structure
∙ Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
∙ Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
∙ Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
∙ Rural Development – Issues, Challenges & Policy Responses
∙ Urban Development – Issues, Challenges and Policy Responses
∙ Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
∙ Infrastructure Development: Physical and Social; Public-Private Partnerships
∙ Reforms in Land, Labour and Capital Markets
∙ Centre-State Financial Relations and Finance Commissions of India; FRBM
∙ Poverty, Inequality & unemployment