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26th May 2018, 09:50 AM
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Re: Ma Economics Jamia Millia Islamia

Can you provide me the M.A. (Master of Arts) Economics Syllabus offered by JMI (Jamia Millia Islamia) as I want to check it before applying for admission in the College?
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26th May 2018, 09:53 AM
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Re: Ma Economics Jamia Millia Islamia

The M.A. (Master of Arts) Economics Syllabus offered by JMI (Jamia Millia Islamia) is as follows:

Semester I (Compulsory Papers)

1. MICRO ECONOMICS

Unit 1: Theory of Consumer Behavior
- Demand Theory: Preference Based Approach under Choice under Certainty
- Revealed Preference Theory
- Welfare Analysis and Aggregate Demand
- Consumer Demand Theory: Choice Under Uncertainty

Unit 2: Theory of Firm Production and Cost
- Theory of Production
- Theory of Cost
- Profit Function
- Homogeneous, Homothetic, CES, Cobb Douglas, Translog Production Function

Unit 3: Market Structure
- Monopoly
- Monopolistic Competition
- Oligopoly Price Competition
- Oligopoly Quantity Competition

Reading List:
- Mas-Colell, Andreu, Michael D.Whinston and Jerry R. Green, (1995), Microeconomic Theory, Oup, New York
- Jehle & Renne, Advanced Microeconomic Theory, Pearson Education, India
- Varian, Hall R., (1992), Microeconomic Analysis (Third Edition), W.W. Norton & Company, New York, London
- Varian, Hall R.(1990), Intermediate Microeconomics, W.W. Norton & Company, New York, London.
- Kreps, David M.(1998), A Course in Microeconomic Theory, Prentice Hall, India, New Delhi (For Unit V)
- Silberberg E., The Structure of Economics: A Mathematical Analysis, McGraw-Hill

2. MACRO ECONOMICS

Unit 1: Classical Approach, Keynesian Approach and Monetarism
- Determination of Price, Output and Employment
- Is-Lm Analysis-Aggregate Demand and Supply;
- Is-Lm and the Neoclassical Synthesis
- The Short Run and Long Run Phillips Curve;
- Expectation, Interest Rates and Inflation;
- The Trade-off Between Inflation and Unemployment,
- The Natural Rate of Unemployment (NRU),
- NRU and Full Employment,
- Macroeconomic Policy

Unit 2: New Classical Macroeconomics and New Keynesianism:
- Main Features of the New Classical Macroeconomics,
- Efficient Market Hypothesis,
- Rational Expectation Model,
- Lucas Supply Function,
- Okuns Law and Phillips Curve,
- Reh and its Critique,
- Keynesian Reappraisal School (Clower, Leijonhufvud and Malinvaud)

Unit 3: Imperfect Completion Approach
- Inflation and Employment- Non Accelerating Inflation Rate of Unemployment (NAIRU) and Natural Rate of Unemployment,
- Policy to Shift the Equilibrium Rate of Unemployment;
- Supply Side Fiscal and Income Policies,
- The Effect of Policy on Actual Employment,
- Crowding out Effect

Reading List:
- Wendy Carlin and David Soskice (1996)- Macroeconomics and The Wage Bargain; Oxford University Press
- Branson, W. (1989) Macroeconomic Theory and Policy; (3rd Ed, Harper & Row)
- Dornbush, R. and S. Fischer (2004) Macroeconomics (9th Ed, Tata-Mcgraw Hill))
- Jha, R. (1991) Contemporary Macroeconomic Theory and Policy; (Wiley Eastern)
- Levacic, R and A. Rebman (1986) Macroeconomics; (2nd Ed, Macmillan)
- Mankiw, N. Gregory (2000) Macroeconomics (4th Ed, Macmillan-Worth))
- Mankiw, N.G. and D. Romer (Eds.) (1991) New Keynesian Economics; (Mit, Cambridge)
- Begg, D. K. H. (1982), The Rational Expectation Revolution in Macro-Economics, Oxford, Allan
- Davidson, Paul (1994), Post Keynesian Macroeconomic Theory, Aldershot, Uk: Edward Elgar.
- Romer, David (1996), Advanced Macroeconomics, New York: Mcgraw-Hill.

M.A. Economics Syllabus JMI (Jamia Millia Islamia)




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