Roles of Labour Union in Factor Market

Marginal Productivity Theory of Factor Pricing in Imperfect Commodity Market

Marginal Productivity Theory of Factor Pricing in Competitive Markets

Public Finance: Meaning, Nature & Scope

Role of Government in Economy

Role of Government in Mixed Economy: Public & Private Sector

Role of Government under Cooperation and Competition

Role of Government in Economic Development and Planning

Concept of Public Goods, Private Goods, and Merit Goods

Concept of Market Failure and Functions of Government

Market Failure and Functions of Government: Decreasing Costs

Market Failure and Functions of Government: Externalities

Market Failure and Functions of Government: Public Goods

Future Market: Meaning, Role & Uncertainty

Concept of Information Asymmetry

Theory of Second Best: Concept & Explanation

Problem of Allocation of Resources: Public & Private Mechanisms

Preferences: Meaning, Types & Problems of Preference Revelation

Preference Aggregation & Its Mechanism

Voting Systems, Direct Democracy, Representative Democracy, Leviathan Hypothesis & Arrow’s Impossibility Theorem

Economic Theory of Democracy: Concept & Explanation

Politico Eco Bureaucracy: Concept & Explanation

Rent-Seeking and Directly Unproductive Profit-Seeking Activities

Rationale for Public Goods: Concept & Explanation

Benefit Theory or Voluntary Exchange Theory

Lindahl Model: Concept, Equilibrium & Limitations

Bowen Model: Concept, Advantages & Limitations

Samuelson’s Model of Public Expenditure

Musgrave’s Model of Public Expenditures

Demand Revealing Schemes for Public Goods

Vickery-Clarke-Groves Mechanism: Concept & Explanation

Groves-Ledyard Mechanism: Concept & Explanation

Tiebout Model: Concept, Assumptions, Equilibrium & Simple Tiebout Model

Theory of Club Goods

Keynesian Principles of Stabilization Policy

Difference Between Keynesian Economic Thought and Others

Role of Expectations and Uncertainty in Formulating Economic Stabilization Policy

Intertemporal Markets Efficiency & Failure

Liquidity Preference Theory

Diamond-Dybvig Banking Model

Preference Shocks, Adverse Selection & Central Bank

Equilibrium Deposit Contract

Social Goods and Its Effect on Stabilization Policy

Effect of Infrastructural Facilities on Stabilization Policy

Effect of Distributional Inequality on Stabilization Policy

Effect of Regional Imbalances on Stabilization Policy

Wagner’s Law of Increasing State Activities: Explanation, Graph & Criticism

Peacock-Wiseman Hypothesis: Explanation, Graph & Criticism

Public Expenditure: Concept, Objectives & Public vs Private Expenditure

Pure Theory of Public Expenditure

Structure & Growth of Public Expenditure in India

Trends, Lessons & Priorities in Public Expenditure in India

Social Cost-Benefit Analysis: Project Evaluation, Estimation of Costs & Discount Rate

Performance Based Budgeting and Zero Based Budgeting

Theories of Tax Incidence: Concentration Theory, Diffusion Theory & Modern Theory

Tax System and Its Principles

Equity Principle and Efficiency Principle of Taxation: Meaning, Explanation & Examples

Ability to Pay and Benefits Received Principle of Taxation

Theory of Optimal Taxation: Excess Burden & Distortions of Taxation

Deadweight Loss of Taxation: Causes, Measurement & Example

Concept of Equity & Efficiency in Economics

Trade-Off Between Equity and Efficiency: Meaning & Example

Theory of Measurement of Dead Weight Loss

Double Taxation: Meaning, Desirability, Forms & Solution

Solution to Problem of Double Taxation: Intra-Country & International

Double Taxation Avoidance Agreement (DTAA) and India’s Policy

Classical Economists View on Public Debt

Compensatory Aspect of Public Debt Policy

Public Debt or Borrowings: Concept, Need, Sources & Types

Concept of Public Debt or Public Borrowings

Need for Public Debt or Public Borrowing

Sources of Public Debt

Classification of Public Debt

Burden of Public Debt: Meaning, Types & Explanation

Debt Through Created Money or Deficit Financing

Public Debt (Public Borrowings) and Inflation (Price Level)

Crowding Out of Private Investment and Activity

Principle of Public Debt Management and Debt Repayment

Market with Incomplete Information

Monetary Shocks: Equilibrium and Adjustment Path

Fiscal Shocks: Impact, Adjustment Path and Long-Run Equilibrium

Microeconomics: Definition, Meaning and Scope

Methods of Analysis in Economics

Problem of Choice & Production Possibility Curve

Concept of Market & Market Mechanism in Economics

Concept of Demand and Supply in Economics

Concept of Equilibrium & Dis-equilibrium in Economics

Cardinal Utility Theory: Concept, Assumptions, Equilibrium & Drawbacks

Ordinal Utility Theory: Meaning & Assumptions

Indifference Curve: Concept, Properties & Shapes

Budget Line: Concept & Explanation

Consumer Equilibrium: Ordinal Approach, Income & Price Consumption Curve

Applications of Indifference Curve

Measuring Effects of Income & Excise Taxes and Income & Excise Subsidies

Normal Goods: Income & Substitution Effects

Inferior Goods: Income & Substitution Effects

Giffen Paradox or Giffen Goods: Income & Substitution Effects

Concept of Elasticity: Demand & Supply

Demand Elasticity: Price Elasticity, Income Elasticity & Cross Elasticity