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