Semester I
PECO101 Microeconomic Theory
- Short-run; long-run cost functions
- Consumer Behavior (Utility Maximization)
- Production (Profit Maximization)
- Perfect and Imperfect Competition (models)
- Welfare Economics
PECO102 Macroeconomic Theory
- Classical Theory - Labor, Money, Goods market
- Keynesian Theory - Income Expenditure, Equilibrium level of income and Expenditure Multipliers
- IS-LM Framework
- Monetarist School, Expectations, Growth Theories
- Business Cycles Neo-Keynesian Economics
- Consumption (Income Hypothesis) and Investments (models)
PECO103 Quantitative Methods for Economics
- Basics - Total differentials, Matrix Definiteness
- Optimization
- Difference and Differential Equations
- Constraint Maximization (Operations Research)
- Models - Cob-web, Harrod-Domar
PECO104 Agricultural and Industrial Economics
- Inputs: Agricultural labor, seeds, fertilizers, credit institutions
- Agricultural price policy, agricultural marketing, subsidies - Food Security
- Firm, Industry, Seller concentration, product differentiation, profitability
- Product pricing, investments, methods of evaluation, growth and size of firm
PECO105 Financial Markets and Institutions
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