Goa PSC Asst Professor (Economics) Syllabus

SYLLABUS FOR COMPUTER BASED RECRUITMENT TEST (CBRT)
FOR THE POST OF ASSISTANT PROFESSORS IN GOVERNMENT COLLEGE

I. General English including Grammar – 10 marks
II. Logical Reasoning and Analytical Ability – 10 marks
III. General Knowledge, Current Affairs and Events of National and
International Importance – 10 marks
IV. Core: – 30 marks

Microeconomics
The theory of consumer behaviour-Indifference Curve Analysis- Revealed Preference Hypothesis-theory of consumer surplus- law of demand. Theory of production, Cobb-Douglas and CES production functions, law of variable proportions, law of returns to scale, producer’s
equilibrium. Theory of cost- traditional and modern. Market structures-perfect competition, monopoly and monopolistic competition. Oligopoly models- collusive and non collusive.Managerial theories of firm. Game theory and Linear programming. Asymmetric information and markets- Factor markets.

Macroeconomics
National income accounting-classical system- Keynesian income determination- two sector,three sector and four sector models. IS-LM model, policy effects under IS LM framework.Demand for money – Keynes, Fisher , Cambridge, Baumol and Tobin approacMonetarist’sschool of thought- restatement of quantity theory, Natural rate of unemployment, Rational expectation theory, Phillips curve-short run and long run, real business cycle theory and New Keynesian Economics. Supply of money- definitions – Monetary transmission mechanism, role of monetary and fiscal policy.

Economic Growth & Development

Growth and Development- Theories of Economic Development- Rostow’s Stages of GrowthBig Push- Balanced and Unbalanced Growth- Critical Minimal Effort- Ranis- Fei model, Low level equilibrium trap- Inequality and Development, Poverty and Development, Harrod Domar model, Solow’s model, Endogenous growth model.

International Economics
Theories of International Trade-absolute advantage, comparative advantage, Hecksher –Ohlin theorem. Welfare effects of tariffs and quotas, offer curve, optimum tariff- Ryzbynski theoremcustoms union-trade creation and trade diversion, Balance odise quilibriumelasticities approach, absorption approach, monetarist’ approach – exchange rate-concepts,measurements, theories of exchange rate determination-Open economy macroeconomics Mundell Flemming Model.

Indian Economy
India’s economic growth- agriculture, industry and service sector. India’s trade. Banking and financial sector. India’s public finance. Poverty and inequality

Note:

  • Duration for C.B.R.T: 60 Minutes
    *Maximum Marks for C.B.R.T: 60 Marks

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