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7th May 2016, 04:27 PM
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| Re: Jamia Millia Islamia MA Economics Admission
The syllabus of M.A. Economics program offered by Department of Economics of 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 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, • Okun’s 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 M.A. Economics Syllabus      |