PAPER- I

1. Advanced Micro Economics:

(a) Marshallian and Walrasiam Approaches to Price determination.

(b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki

(c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly.

(d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. Sen’s Social Welfare Function.

1. Cardinal Utility Theory
2. Budget Constraint
3. Consumer Preferences
4. Utility
5. Choice
6. Demand
7. Duality and Indirect Utility function and Expenditure function
8. Revealed Preference
9. Slutsky equation
10. Buying and Selling
11. Intertemporal Choice
12. Consumer Surplus
13. Uncertainty Part 1
14. Uncertainty Part 2
15.  Introduction to Game Theory and Prisoner’s Dilemma (No Demo)
16. Strictly and Weakly Dominated Strategies (No Demo)
17.  Battle of Sexes and Stag Hunt (No Demo)
18.  Mixed Strategy Nash Equilibrium 2 X 2 form and 3 X 3 form (No Demo)
19. Extensive Form Game and Battle of Sexes Example (No Demo)
20. Backward Induction and its Examples (No Demo)
21. Producer Theory
22. Elasticity of Substitution
23. Cobb Douglas Production Function
24. CES Production Function
25. Translog Production Function
26. Returns to Factor and Returns to Scale
27. Cost Theory Part 1
28. Cost Theory Part 2
29. Duality and Cost functions
30. Existence of General Equilibrium Prices Part 1
31. Existence of General Equilibrium Prices Part 2
32. Edgeworth Box, Pareto Efficiency and Competitive Equilibrium (Cobb Douglas)
33. Edgeworth Box, Pareto Efficiency and Competitive Equilibrium (Perfect Substitutes and Perfect Complements)
34. Perfect Competition Part 1
35. Perfect Competition Part 2 (LR Supply Function- Constant Cost Industry)
36. Perfect Competition Part 3 (LR Supply Function – Increasing and Decreasing Cost Industry)
37. Profit Maximization Part 1 (No Demo)
38. Profit Maximization Part 2 (No Demo)
39. Monopoly Part 1
40. Monopoly Part 2
41. Imperfect Competition Part 1 (Bertrand Model)
42. Imperfect Competition Part 2 (Cournot Model)
43. Imperfect Competition Part 3 (n firm Cournot)
44. Imperfect Competition Part 4 (Product Differentiation in Cournot and Bertrand)
45. Imperfect Competition Part 5 (Tacit Collusion)
46. Imperfect Competition Part 6 (Entry Deterrence)
47. Imperfect Competition Part 7 (Stackelberg Model)
48. Perfect Competition
49. Monopoly
50. Market Structure and Market Power
51. Technology and Cost functions
52. Monopoly and Third Degree Price Discrimination
53. Second Degree and First Degree Price Discrimination
54. Commodity Bundling Strategy
55. Strategic Interaction and Cournot Model
56. Bertrand Model and Stackelberg Model
57. Entry Deterrence
58. Market Structure and Size
59. Research and Development
60. Planning and Development : Part 1
61. Planning and Development : Part 2
62. Planning and Development : Part 3
63. Public Sector Pricing (Covered under Public Economics) 
64. Marshallian and Walrasian Stability Analysis -Part 1
65. Marshallian and Walrasian Stability Analysis -Part 2
66. Marshallian and Walrasian Stability Analysis -Part 3
67. Pricing with Incomplete Information (Asymmetric Information) – Part 1
68. Pricing with Incomplete Information (Asymmetric Information) – Part 2
69. Moral Hazard – Part 1
70. Moral Hazard – Part 2
71. Marginal Productivity Theory of Distribution under Perfect Competition 
72. Factor Shares and Adding up Problems and Euler’s Theorem Part 1 (No Demo)
73. Factor Shares and Adding up Problems and Euler’s Theorem Part 2 (No Demo)
74. Two Welfare Theorems and their Implications
75. Marginal Productivity Theory of Distribution under Perfect Competition
76. Wage Determination under Monopsony Part 1
77. Wage Determination under Monopsony Part 2
78. Bilateral Monopoly
79.  Kaldor’s Theory of Distribution
80.  Kalecki’s Theory of Distribution 
81. Ricardo’s Theory of Distribution
82. Marx Theory of Distribution
83. Pricing under Imperfect Competition -Part 1
84. Pricing under Imperfect Competition -Part 2
85. Pricing under Imperfect Competition -Part 3
86. Arrow-Impossibility Theorem Part 1
87. Arrow-Impossibility Theorem Part 2
88. Interpersonal Comparison and Aggregation Problem
89. Divergence between Social and Private Welfare
90. Pareto Optimality
91. Social Choice – Sen
92. Social Choice – Coase

2. Advanced Macro Economics

Approaches to Employment Income and Interest Rate determination: Classical, Keynes (IS-LM) curve, Neo classical synthesis and New classical, Theories of Interest Rate determination and Interest Rate Structure

1. History of Economic Thought : Part 1
2. History of Economic Thought : Part 2
3. History of Economic Thought : Part 3
4. National Income Accounting Part 1
5. National Income Accounting Part 2
6. National Income Accounting Part 3
7.  National Income Accounting Part 4
8. Green National Income
9. Money and Inflation Part 1
10. Money and Inflation Part 2
11.  Money and Inflation Part 3
12.  Classical Theory of Output and Employment Part 1
13.  Classical Theory of Output and Employment Part 2
14. Classical Theory of Interest Rate Part 1
15.  The Closed Economy in the Short Run Part 1
16.  The Closed Economy in the Short Run Part 2
17. The Closed Economy in the Short Run Part 3
18. Monetary and Fiscal Policy Part 1
19. Monetary and Fiscal Policy Part 2
20. Monetary and Fiscal Policy Part 3
21. Monetary and Fiscal Policy Part 4
22. Nominal and Real Interest Rates Part 1
23. Nominal and Real Interest Rates Part 2
24. The Labour Market Part 1
25. The Labour Market Part 2
26. AD- AS Model Part 1
27. AD- AS Model Part 2
28. Theory of Adaptive Expectations
29. Theory of Rational Expectations Part 1
30. Theory of Rational Expectations Part 2

4. International Economics:

(a) Old and New Theories of International Trade

(i) Comparative Advantage

(ii) Terms of Trade and Offer Curve.

(iii)Product Cycle and Strategic Trade Theories.

(iv)Trade as an engine of growth and theories of under development in an open economy.

(b) Forms of Protection: Tariff and quota.

(c) Balance of Payments Adjustments: Alternative Approaches.

(i) Price versus income, income adjustments under fixed exchange rates,

(ii) Theories of Policy Mix

(iii)Exchange rate adjustments under capital mobility

(iv) Floating Rates and their Implications for Developing Countries: Currency Boards.

(v) Trade Policy and Developing Countries.

(vi) BOP, adjustments and Policy Coordination in open economy macro-model. (vii) Speculative attacks

(viii) Trade Blocks and Monetary Unions. (ix) WTO: TRIMS, TRIPS, Domestic Measures, Different Rounds of WTO talks.

1. Theory of Absolute Advantage
2. Theory of Comparative Advantage
3. Comparative Advantage and Opportunity Costs Part 1
4. Comparative Advantage and Opportunity Costs Part 2
5. The Standard Theory of International Trade Part 1
6. The Standard Theory of International Trade Part 2
7. The Standard Theory of International Trade Part 3
8. Offer Curves and Terms of Trade Part 1
9. Offer Curves and Terms of Trade Part 2
10. Factor Intensity and Factor Abundance
11. Heckscher Ohlin Theorem
12. The Factor Price Equalization Theorem
13. The Specific Factors Model
14. Leontief Paradox and Factor Intensity Reversal
15. Trade Based on Economies of Scale and Product Differentiation
16. Intra Industry Trade Model (No Demo)
17. Technological Gap Model (No Demo)
18. Product Cycle Model (No Demo)
19. Factor Growth and Rybczynski Theorem (No Demo)
20. Technical Progress and Small Country Case
21. Factor Growth, Trade, Welfare : Small Country Case
22. Partial Equilibrium Analysis of Tariff : Small Country Case
23. General Equilibrium Analysis of Tariff Small Country Case
24. General Equilibrium Analysis of Tariff Large Country Case
25. Introduction : NER, RER, Nominal and Real Appreciation and Depreciation
26. Introduction : BOP Account and UIP condition
27. Dd for Domestic Goods and Domestic Dd for Goods
28. Marshall Lerner Conditions and Effects of Depreciation
29. J Curve
30. Equilibrium in Open Economy Money Market
31. Fiscal and Monetary Policy in Open Eco and Flexible ER’s
32. Fixed ER and Fiscal and Monetary Policy
33. Flexible and Fixed ER’s
34. Consequences of Overvaluation and Undervaluation
35. BOP and External Accounts Must Balance (No Demo)
36. Accommodating Transactions (No Demo)
37. Mundell Flemming Model Part 1 (Horizontal BP curve) (No Demo)
38. Mundell Flemming Model Part 2 (Horizontal BP curve) (No Demo)
39. Mundell Flemming Model Part 3 (Different Slopes of BP curve) (No Demo)

5. Growth and Development:

(a) (i) Theories of growth: Harrod’s model,

(ii) Lewis model of development with surplus labour

(iii) Balanced and Unbalanced growth,

(iv) Human Capital and Economic Growth.

(v) Research and Development and Economic Growth

(b) Process of Economic Development of Less developed countries: Myrdal and Kuzments on economic development and structural change: Role of Agriculture in Economic

Development of less developed countries.

(c) Economic development and International Trade and Investment, Role of Multinationals.

(d) Planning and Economic Development: changing role of Markets and Planning, PrivatePublic Partnership

(e) Welfare indicators and measures of growth – Human Development Indices. The basic needs approach.

(f) Development and Environmental Sustainability – Renewable and Non Renewable Resources, Environmental Degradation, Intergenerational equity development.

1. Adam Smith Theory of Growth
2. Ricardo’s Theory of Growth
3. Malthusian Theory of Growth (No Demo)
4. Classical Theory of Growth
5. Marxian Theory of Growth Part 1
6. Marxian Theory of Growth Part 2
7. Marxian Theory of Growth Part 3
8. Schumpeterian Theory of Growth
9. Marx’s Stages of Growth
10. Rostow’s Stages of Growth Part 1
11. Rostow’s Stages of Growth Part 2
12. Gerschenkron’s Great Spurt Theory
13. Nurkse’s and Lewis’s views on Economic Development
14. Nurkse’s Theory of Balanced Growth
15. Hirschman Theory of Unbalanced Growth
16. Lewis Theory of Unlimited Supply of Labour
17. Fei Ranis Theory of Economic Development Part 1
18. Fei Ranis Theory of Economic Development Part 2
19. Leibenstein’s Critical Minimum Effort Thesis
20. Rosenstein Rodan Big Push Theory
21. Nelson’s Low Level of Equilibrium Trap
22. Kaldor Mirrlees Model of Economic Growth
23. International Structuralist Models
24. Dualism Introduction
25. Social, Technological and Financial Dualism
26. Economic Development and Economic Growth
27. Good Governance and Humane Governance Index
28. Growth of GNP Approach vs Basic Needs Approach
29. Human Development Index
30. Solow Growth Model Part 1
31. Solow Growth Model Part 2
32. Solow Growth Model Part 3   
33. Harrod Domar Model
34. Sen’s Capability Approach to Development
35. Human Development Index
36. Physical Quality of Life Index
37. Human Poverty Index
38. Canons of Taxation
39. Theories of Taxation Part 1
40. Theories of Taxation Part 2
41. Public Goods and their Optimal Provision
42. Free Rider Problem and Lindahl’s Pricing
43. Lindahl’s Pricing and Majority Voting
44. Arrow Impossibility Theorem and Median Voter Theory
45. Direct and Indirect Taxes
46. Incidence of taxes
47. Optimal Taxation Part 1
48. Optimal Taxation Part 2
49. Theories of Public Expenditure
50. Effects of Public Expenditure
51. Public Debt Part 1
52. Public Debt Part 2
53. Cost Benefit Analysis
54. Revealed Preference Method
55. Stated Preference Method
56. Shadow Pricing
57. Air Pollution
58. Property Rights and Externalities Part 1
59. Property Rights and Externalities Part 2
60. Investment Decision Criteron for Public Sector Projects And Efficient Allocation of Pollutants
61. Cost Effective Policies for Fund Pollutants
62. Static and Dynamic Efficient Allocation of Depletable Resources
63. Water Pollution
64. Timber Harvesting
65. Economics of Fisheries
66. Economics of Oil and Natural Gas
67. Toxic Substances and Pollution

PAPER- II

2. Indian Economy after Independence:

A. The Pre Liberalization Era:

1. Contribution of Vakil, Gadgil and V.K.R.V. Rao.
2. Agriculture: Land Reforms and land tenure system, Green Revolution and capital formation in agriculture,
3. Industry Trends in composition and growth, Role of public and private sector, Small scale and cottage industries.
4. National and Per capita income: patterns, trends, aggregate and Sectoral composition and changes theirin.
5. Broad factors determining National Income and distribution, Measures of poverty, Trends in poverty and inequality.

B. The Post Liberalization Era: 

i. New Economic Reform and Agriculture: Agriculture and WTO, Food processing, Subsidies, Agricultural prices and public distribution system, Impact of public expenditure on agricultural growth.

ii. New Economic Policy and Industry: Strategy of industrialization, Privatization, Disinvestments, Role of foreign direct investment and multinationals.

iii. New Economic Policy and Trade: Intellectual property rights: Implications of TRIPS, TRIMS, GATS and new EXIM policy.

iv.New Exchange Rate Regime: Partial and full convertibility, Capital account convertibility.

v. New Economic Policy and Public Finance: Fiscal Responsibility Act, Twelfth Finance Commission and Fiscal Federalism and Fiscal Consolidation.

vi. New Economic Policy and Monetary system. Role of RBI under the new regime.

vii. Planning: From central Planning to indicative planning, Relation between planning and markets for growth and decentralized planning: 73rd and 74th Constitutional amendments.

viii. New Economic Policy and Employment: Employment and poverty, Rural wages, Employment Generation, Poverty alleviation schemes, New Rural,  Employment Guarantee Scheme.

 

Here I have recorded primarily the entire Uma Kapila’s big version. I would urge all students to buy the book. This is one of the most revered book in Indian Economics. We will be adding more readings from EPW and other sources. One other good book is, “Oxford Companion to Indian Economics” edited by Kaushik Basu. Also, note that following recordings are in no way a substitute of the book, you have to read the book, chapter by chapter and also listen to the recordings, to get the greater understanding of the reading.

1. Indian Economy at Independence – Introduction : Uma Kapila
2. Economic Legacies of Colonial Rule in India (Part 1) : Tirthankar Roy
3. Economic Legacies of Colonial Rule in India (Part 2) : Tirthankar Roy
4. Planning, Market and the State : Uma Kapila
5. Mahalanobis Model Part 1
6. Mahalanobis Model Part 2
7. Vakil Brahmanand Wage goods Model
8. XII Five Year Plan-Some issues : Manmohan Singh
9. Growth and Structural Change since 1950 (Part 1) : Uma Kapila
10. Growth and Structural Change since 1950 (Part 2) : Uma Kapila
11. Growth and Structural Change since 1950 (Part 3) : Uma Kapila
12. Recovery of Indian Economy during Nehru Era Part 1  : P Balakrishnan
13. Recovery of Indian Economy during Nehru Era Part 2  : P Balakrishnan
14. Macroeconomic Overview : The Growth Story (Part 1) : Manoj Panda
15. Macroeconomic Overview : The Growth Story (Part 2) : Manoj Panda
16. Growth experience of Indian economy : Arvind Subramanian
17. Story of sustained increase in savings and investment during 1950-2008  : Rakesh Mohan (Part 1)
18. Story of sustained increase in savings and investment during 1950-2008  : Rakesh Mohan (Part 2)
19. Growth and Investment – The Interlinks : C.Rangarajan
20. Myths about Indian Reforms : Bhagwati and Panagariya
21. Demographic Constraint : Uma Kapila (Part 1)
22. Demographic Constraint : Uma Kapila (Part 2)
23. India’s Demographic Transition and its consequences for Development : Tim Dyson
24. Debate on Demographic dividend in India : KS James
25. Integrating Growth and Development Part 1 
26. Integrating Growth and Development Part 2
27. India in Comparative Perspective (Part 1)
28. India in Comparative Perspective (Part 2)
29. Poverty, Inequality and Unemployment (Part 1) : Uma Kapila
30. Poverty, Inequality and Unemployment (Part 2) : Uma Kapila
31. Poverty, Inequality and Unemployment (Part 3) : Uma Kapila
32. Poverty, Inequality and Unemployment (Part 4) : Uma Kapila
33. Poverty, Inequality and Unemployment (Part 5) : Uma Kapila
34. Counting the Poor : Measurement and Other Issues (Part 1) : Rangarajan and Mahendra Dev
35. Counting the Poor : Measurement and Other Issues (Part 2) : Rangarajan and Mahendra Dev
36. Labour and Employment in Fast Growing India (Part 1) : Papola and Sharma
37. Labour and Employment in Fast Growing India (Part 2) : Papola and Sharma
38. Labour and Employment in Fast Growing India (Part 3) : Papola and Sharma
39. Inequities in Access to Health Services in India Part 1
40. Inequities in Access to Health Services in India Part 2
41. Inequities in Access to Health Services in India Part 3
42. Inequities in Access to Health Services in India Part 4
43. India’s Education Policy (Part 1)
44. India’s Education Policy (Part 2)
45. India’s Education Policy (Part 3)
46. Indian Agriculture Issues, Policies and Reforms (Part 1) : Uma Kapila
47. Indian Agriculture Issues, Policies and Reforms (Part 2) : Uma Kapila
48. Indian Agriculture Issues, Policies and Reforms (Part 3) : Uma Kapila
49. Agricultural Development in India (Part 1) : S Mahendra Dev
50. Agricultural Development in India (Part 2) : S Mahendra Dev
51. The Context and Conundrums of Contemporary Agriculture
52. Agricultural Price Policy, Farm Profitability and Food Security : Dev and Rao
53. National Food Security Act : Ashok Gulati and Shweta Saini
54. Industrial Development and Policies since Independence (Part1) : Uma Kapila
55. Industrial Development and Policies since Independence (Part2) : Uma Kapila
56. Industrial Performance 1991 – 2008 : R Nagraj
57. Industrial Development and Policies in India since Independence : KL Krishna
58. Public Sector Performance Since 1950 : A Fresh Look : R Nagraj
59. On Strategies of Disinvestment and Privatization : Vijay Kelkar
60. Of Omissions and Commissions : India’s Competition Laws : Aditya Bhattacharjea
61. Small Scale Industrialization under Globalization : M.H. Balasubramanya
62. The Employment Problem in India and the problem of Missing Middle : Mazumdar and Sarkar
63. Services in India’s Growth Process : Uma Kapila
64. Infrastructure and Economic Development : Uma Kapila
65. India’s External Sector : Uma Kapila