Sri Meenakshi Government Arts College for Women MPhil in Economics Admission 2024-25, Eligibility, Important Topics, Videos

Madurai, Tamil Nadu
Estd
Government College
NAAC
40

MPhil in Economics Course Full Detail 2024-25

Overview

M.Phil. Economics is a master level Economics course. Duration of this course is 2-year long but it may vary from place to place on part-time basis by various institutes. It is the social science that analyses the distribution, production, and consumption of services and goods. Also it focuses to explain how economies interact and how economies work. It is a applied throughout society, finance and government, also in business, also in crime, religion, politics, war, education, the family, law, social institutions, and science. Also it is described as economic imperialism and present economic models emerged from the huge area of political economy in the late 19th century. This course is being offered by many colleges or universities in their campus in the country. Students after complete this course they have many job option in various areas after its successful completion.

M.Phil. Economics Working Areas:

Trade Centers
Finance Departments (Industry)
Stock Exchanges
Banks
Financing Companies

M.Phil. Economics Job Scope:

Master of Philosophy in Economics

STREAM
Master of Philosophy

DURATION
1 Year

COURSE MODE
Semester

COURSE TYPE
Doctorate Degree Courses

ELIGIBILITY
Master in Relevant Subjects With 55% Marks (50% For SC/ST)

ADMISSION 2024-25

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MPhil in Economics: Subjects of Study (Syllabus)

Paper Code	Subjects of Study
1	Demand Analysis –Revision of demand theory by Hicks; Characteristics of goods approach; consumer’s choice involving risk; Indirect utility functions (duality theory); Recent developments in demand analysis (pragmatic approach and linear expenditure syste
2	Alternative Theories of the Firm-Critical evaluation of marginal analysis; Baumol’s sales revenue maximization model; Williamson’s model of managerial discretion; Marris model of managerial enterprise; Full cost pricing rule; Bain’s limit pricing theory
3	General Equilibrium-Production without consumption-two sector model, relationship between relative commodity and factor prices (Stolper-Samuelson theorem), relationship between output mix and real factor prices, effect of changes in factor supply in clos
4	Economics of Uncertainty-Individual behaviour towards risk, expected utility and certainty equivalence approaches, risk and risk aversion-sensitivity analysis, gambling and insurance, the economics of insurance, cost and risk, risk pooling and risk sprea
5	Comparative Statics in a Closed Economy
6	(i) The IS-LM Model: The Interaction of the Real and Monetary Sectors: The Keynesion Version, the Neo-classical Version, Comparative Static Analysis: The Keynesian Model: The Neo-classical Model.
7	(ii) Relative efficiency of Fiscal and Monetary Policies in an IS-LM Model-The Crowding out Effect.
8	(iii) Unemployment and the Labour Market, the Neo-classical Labour Market Equilibrium, Keynesian Unemployment.
9	Supply of Money: Different approaches to the supply of money-Redcliffe committee approach, approach of Gurley and Shaw, R.B.I’s. approach to money supply.
10	Macro-economic Policy: Rational expectations and the theory of macroeconomic policy (Lucas, Sargent and Wallace), Mundell-Fleming model-Asset markets, expectations and exchange rates; Monetary approach to balance of payments
11	Theory of Inflation-Structuralist theory of inflation; Phillips curve analysis-Short run and long run Phillips curve; Samuelson and Solow-the natural rate of unemployment hypothesis, Tobin’s modified Phillips curve; Policies to control inflation.
12	Business Cycles-Theories of Schumpeter, Kaldor, Samuelson and Hicks model; Control of business cycles-relative efficacy of monetary and fiscal policies.
13	New Classical Macroeconomics-The new classical critique of micro foundations, the new classical approach; Policy implications of new classical approach-empirical evidence.
14	Research Methodology
15	Meaning and Significance of Social Research. Difficulties in Social Research. Difference between Social Research and Research in Physical Sciences, Scientific Methods.
16	Research design and research process
17	Formulation of a Research Proposal
18	Data collection: Nature of data (primary & secondary data), Methods of primary data collection: observation, interview techniques and questioner, experimentation and surface and Questionnaire & Interview Methods of Collecting Primary Data.
19	Statistical Inference: Testing of Hypothesis, Concepts of Null and Alternative Hypothesis, Sampling Distribution and Standard Error, Confidence Interval and Level of Significance.
20	Linear Regression Model – Estimation of parameters and tests of their significance
21	Data Sources: C.S.O., National Sample Surveys, National Accounts Statistics, Indian Public Finance Statistics, R.B.I. publications, C.M.I.E. data bases, Annual Survey of Industries, Census and other government publications, major International Data Sourc
22	Interpretation and Report Writing
23	Paper IV (Selected Issues in the Indian Economy)
24	India’s Economic Reforms.
25	Growth, Sectoral Composition, Poverty and Unemployment
26	Agricultural Development: Technological change, Price Policy & Land Reforms
27	Industrial Development; its different phases
28	Intellectual Property Rights TRIPs and their implications
29	Foreign Trade, Trade Policies and Balance of Payments
30	Foreign Direct Investment
31	Fiscal Policy and Fiscal Reforms
32	Indian financial system