Here, I am putting some new videos which were made in this cycle. I still have not updated all and included all, which I made, since this takes time to take these pics and then upload them 🙂 I will be updating them in some days, you can keep checking this page every once in threefour days, I will be updating it.
Theory of Consumer Demand
Budget Constraint, Slope of the Budget Line, Graph of the Budget Line, Changes in Budget Line, Taxes, Subsidies and Rationing
Preferences, Rationality Axioms, Cyclic Preferences, Indifference Curve.
Preferences and Utility, Types ofr Preferences, Monotonic Transformation
Choice & Demand, IES Past Year Ques, Perfect Substitutes, Concave Preferences, Cobb Douglas Preferences and Past Year Ques of Cobb Douglas Preferences
Continuation of Choice & Demand : Quasi Linear Preferences, Past Year Questions, Normal & Inferior Goods
Choice and Demand Continuation, Ch 5& 6 Varian, Substitute and Compliments, Properties of Marshallian Demand Function, Homogenous Function, Euler’s Theorem, Properties of Homogenous Function and Past Year Ques
Elasticity of Demand and Supply, Cross Elasticity of Demand and Income Elasticity, Price Elasticity Demand, Point Elasticity, Constant Elasticity Curve, Elasticities with Different slopes of Demand Curve
Consumer Surplus, Past Year Ques, Producer Surplus, Calculation of Equilibrium Price, Calculation of Consumer Surplus and Producer Surplus
Consumer Surplus (Varian Ch 14),Estimating Utility Function from Demand Behaviour, Reservation Price, Constructing Utility From Demand
Substitution Effect, Income Effect and Price Effect of Price Change, Past Year Ques (IES 2012 1 e, Paper 1), Numerical Examples, Examples Based on case of Perfect Substitute
Marshallian Demand Function and Duality, Properties of Indirect Utility Function, Properties of Expenditure Function, Sheppard’s Lemma
Marshallian Demand Function and Duality , Quasi Linear Function
Revealed Preference Approach, Principle of Revealed Preference, Indirect Revealed Preference, How to Recover Preference? WARP : Weak Axiom of Revealed Preference
SARP: Strong Axiom of Revealed Preference
Slutsky Equation and Demand Curve (Varian Ch 8), Giffen Good, Compensated Demand, Income Effect
Slutsky Substitution Effect, Hicksian and Slutsky Approach, Compensated Demand Curve
Uncertainty (Varian Ch12), States of Nature, Contingent Consumption Plan, Utility Functions and Probabilities, IES Past Year Ques, Why Expected Utility is Reasonable? Risk Aversion Past Year Ques.
Theory of Production
Technology (Production Function ) Ch 18 Varian, Example of Technology, Properties of Technology, The technical rate of substitution, Diminishing Marginal Product, Diminishing MRTS, Returns to scale, Constant returns to scale, Increasing Returns to scale, Decreasing returns to scale
 Homogenous Functions and Homogenous Production functions
Homogenous functions, Properties of Homogenous Functions and Euler’s Theorem
Expansion Path, Numericals based on Expansion Path
Cobb Douglas Production Function, Questions on Cobb Douglas Production Function (2018), Properties of Cobb Douglas Production Function, Returns to a factor
Returns to Scale and its Transformation, Questions Based on Returns to Scale and Convexity of Isoquant
Forms of Production Function (Cobb Douglas : Elasticity of Substitution) Past Year Question IES 2018, Q1 (b)
Elasticity of substitution, Types of Production functions (Perfect Substitutes and Leontieff Production function) and their elasticity of substitution, Perfect Substitution, Perfect Complements
Diminishing MRTS and Diminishing returns to Labour numerical
Expansion Path : Past Year Questions
CES Production Function : IES Past Year Questions, Elasticity of Substitution : Past Year Questions
Technical Progress and Growth Accounting
Questions Based on Technical progress and Growth Accounting
Cost Minimization, Derivation and Example
Cost Functions for Perfect Complements, Perfect Substitutes and Max Functions
Questions based on Demand function and elasticity in a perfectly competitive market
Unconditional Input demand functions Example
Derivation of Conditional Demand Function, Derivation of Contingent Input Demand Function using Sheppard Lemma, Questions Based on Sheppard’s Lemma
Example on Unconditional Input demand functions and SR Marginal cost function
Short Run Supply Function by a price taking Firm and Shut down Points
Examples on Shutdown price and Minimum efficient scale of production
Profit Maximization, Varian Ch – 18, Economic Cost, Opportunity Cost, Accounting Cost, Historical Cost, Fixed Factor, and Variable Factor, Short Run Profit Maximization, Profit Maximization in the Long Run
Profit Maximization condition, Marginal revneue curve and Elasticity of demand
Profit Maximization, Marginal Revenue and Elasticity of Demand
Equilibrium Ch 16 Varian, Competitive Equilibrium, Comparative Statics Taxes, The Dead Weight Loss of Tax
Profit Function, Properties of the Profit Function, Producer Surplus in the SR
Numericals on Cost Minimization, Shut Down Point and Profit Maximization
Monopoly Profit Maximization, Lerner’s Index of Monopoly Power, Inverse Relationship Between Relative Markup and Elasticity of Demand
Monopoly Resource Allocation and Deadweight Loss
First Degree Price Discrimination and its numericals
Questions based on Third Degree Price Discrimation
Bertrand Paradox and Nash Equilibrium
Questions Based on Cournot Firm Relative to Perfect Cartel
Question based on Cournot
Bertrand Model, Questions based on Bertrand Paradox
Cournot Duopoly with Isoprofit Curves and Best Response Functions
Natural Monopoly and Marginal Cost Pricing
Intertemporal Choice, Budget Constraint in future value form convex preference, Questions based on it
Issues Related to Intertemporal Choice, Slutsky Equation and Intertemporal Choice
IES 2018 Questions on Macro Distribution Theory of Ricardo
Ricardian Theory of Rent, Extensive and Intensive Cultivation, Critical Evaluation of Ricardian Theory of Rent, Quasi Rent (Short Term Rent on Fixed Factors) Variable and Fixed Factors, Equilibrium price of a Factor, Transfer Earning and Economic Rent, Elasticity of Factor Supply and Eco Rent
Neo Classical Approach, Marginal Productivity Theory, Derivation of Demand, Product Exhaustion Theorem
Product Exhaustion Theory, Euler’s Theorem, Clark WicksteedWalras Product Exhaustion Theorem
Relative Factor Shares and Income Distribution, Elasticity of Factor Substitution
Monopolistic Exploitation, Exploitation of Labour under Monopolistic Competition
Monopsony and Bilateral Monopoly, Monopolistic & Monopsonistic Exploitation Perfect Competition in Commodity Market and Monopoly in Labour Market
Paper 1 : Topic 5 : Welfare Economics
General Equilibrium, Edgeworth Box, Pareto Efficiency Point, Contract Curve/ Pareto Set
Existence of a Competitive Equilibrium, Intermediate Value Theorem, Brower’s Fixed Point Theorem
Equation of a Contract Curve, Questions, Proof of Walras Law
First Welfare Theorem, Assumptions of First Welfare Theorem, Proof By Contradiction, Second Welfare Theorem
Simple Monopoly and First Welfare Theorem, Cases of First Welfare Theorem, Discriminating Monopolist and First Welfare Theorem
Social Welfare Function, Different Kinds of Social Welfare Functions, Properties of Social Welfare Functions, Classical Utilitarian/ Benthamite Utility Function, Weighted Sum of Utilities Welfare Function, Minimax/ Rawlasian SWF, Nietzsian SWF, Welfare Maximization, Feasibility Condition, Isowdfare Curves, Weighted sum of Utilities Welfare Function, Individualistic SWF/ Bergson Samuelson SWF
Welfare Economics, Aggregation of Preferences, Assumptions of Individual Preference Ordering, Majority Voting Rule, Rank Order Voting, Drawback of Rank Order Voting, Desirable Properties of Social Mechanism, Arrow Impossibility Theorem
Game Theory, Dominant Strategy, Problem with Nash Equilibrium, Mixed Strategy
Prisoner’s Dilemma, Sequential Games, Extensive Form Game, Normal Form Game
Mixed Strategy Nash Equilibrium, Row’s Expected Pay Off, Column’s Expected Pay OFF
Public Goods, Non Rival, Non Excludable, Excludable, Limitations of Public Goods, Discrete Public Goods, Reservation Price, Choice Between Two Bundles, Sufficient Condition, Quasi Linear Preferences (Income Effect is Zero)
Continuous Public Goods and Pareto Optimal Provision
6 Paper 1 : Topic 6 : Statistics and Econometrics
Method of OLS, Normal Equation, Properties and Assumptions of CLRM
Assumptions of CLRM (Cnoti.), Variance, Co Variance of Beta two hat, Consistency, Homoscedasticity, Gauss Markov Theorem
Coefficient of determination, TSS, ESS, RSS, Confidence Interval Approach
Confidence Interval for Regression Coefficient, Confidence Interval for Beta & Sigma, Confidence Interval of sigma square, One tailed Test and Two Tailed Test, Testing Sigma Square, Test of Goodness of Fit
Regression Through Origin, and Its Properties
Scaling & Units of Measurement
Functional Forms and Different Kinds of Model, How to Measure the Growth Rate? The Log – Lin Model, Compound Rate of Growth, The Lin Log Model, The Linear Trend Model, Reciprocal Model
Multiple Linear Regression Model, Properties of OLS Estimators, Multiple Coefficient of Determination R^{2}
Comparing two R2 Values, Testing Several Coefficient Jointly (Wald Test), Special Wald Test for Overall Goodness of Fit
Testing Linear Combination of Coefficient, Indirect and Direct T Test, Polynomial Curve Fitting
Correlation, Theorems and Corollaries
Regression, Properties of Regression Coefficient, Angle Between Lines of Regression
7 Paper 2 : Topic 2 : Concept of National Income and Social Accounting
National Income Accounting, Production Method, Income Method and Expenditure Method, Final Goods and Services, Intermediate Goods
Newly Produced Goods and Service, Production Method
Income Method, Several Types of Income, Private Sector Income, Net Govt Income
Expenditure Approach and its Different Parts, Consumption Expenditure / PFCE, Investment Expenditure/ GCF, Govt Expenditure, Net Exports
Interrelationships between three measures of National Income in the presence of Government Sector and International Transactions, Private Disposable Income, Types of Savings, Questions Based on it, Difference Between Stock vs Flow, Interrelationship between Various Concepts of National Income and its Ques.
Paper 2 : Topic 3 : Theory of employment, Output, Inflation, Money and Finance
Postulates of Classical Theory of income and Employment, Labour Demand Curve and its Assumptions, Labour Supply Curve
Classical Theory of Money, Quantity Theory of Money, Money, Transaction Velocity of Moey
Classical Theory of Interest Rate, Government Spending, Tax Policy and its Effects, Classical System
Simple Keynesian Model of Income and Employment, Components of AD, Equilibrium Level Of Income
Changes in Equilibrium Income, Balanced Budget Multiplier, Fiscal Stabilization Policy, Exports and Imports in the Simple Keynesian Model
Paper 2 : Topic 5 : International Trade
Labour Productivity and Comparative Advantage : The Ricardian Model, Assumption of Ricardian Model, Production Possibility Frontier
Relative Supply Curve, Relative Wages
Specific Factors and Income Distribution, Assumption, Production Possibilities
Hecksher – Ohlin Model, Krugman Ch – 4
Rybczynski Effect, Stapler Samuelson Theorem, International Trade, Hecksher – Ohlin Model, Gains and Losses from Trade, Rybczynski Theorem, Factor Price Equalization Theorem
The Standard Trade Model, Krugman Ch – 6, Relation between RS and PPF, Relation Between Relative Price and Demand, Terms of Trade, World Equation : Home and Foreign
The Standard Trade Model Part 2 : Krugman Ch – 6, Effect on Terms of Trade, Shift in Relative Supply Curve (Economic Growth), Export Biased Growth, Import Biased Growth, Immiserising Growth, Tariffs and Subsidies
Here, I am putting the topic wise list of recordings which we have made in the course. Almost the entire syllabus is recorded. We are starting with the new cycle of recordings for the coming sessions and there will be regular updates, with new recordings added and some old ones, modified. With every cycle of the paper,the course gets more and more modified and becomes more and more useful to students.
General Economics Paper I
1. Theory of Consumer’s Demand
Cardinal utility Analysis; Marginal utility and demand, Consumer’s surplus, Indifference curve Analysis and utility function, Price income and substitution effects, Slutsky theorem and derivation of demand curve, Revealed preference theory. Duality and indirect utility function and expenditure function, Choice under risk and uncertainty.Simple games of complete information, Concept of Nash equilibrium.
 Cardinal Utility Theory
 Budget Constraint
 Consumer Preferences
 Utility
 Choice
 Demand
 Duality and Indirect Utility function and Expenditure function
 Revealed Preference
 Slutsky equation
 Buying and Selling
 Intertemporal Choice
 Consumer Surplus
 Uncertainty Part 1
 Uncertainty Part 2
Game Theory
Simple games of complete information, Concept of Nash equilibrium.
 Introduction to Game Theory and Prisoner’s Dilemma (No Demo)
 Strictly and Weakly Dominated Strategies (No Demo)
 Battle of Sexes and Stag Hunt (No Demo)
 Mixed Strategy Nash Equilibrium 2 X 2 form and 3 X 3 form (No Demo)
 Extensive Form Game and Battle of Sexes Example (No Demo)
 Backward Induction and its Examples (No Demo)
2. Theory of Production
Factors of production and production function. Forms of Production Functions: CobbDouglas, CES and Fixed coefficient type, Translog production function. Laws of return, Returns to scale and Return to factors of production. Duality and cost function, Measures of productive efficiency of firms, technical and allocative efficiency. Partial Equilibrium versus General Equilibrium approach. Equilibrium of the firm and industry.
 Producer Theory
 Elasticity of Substitution
 Cobb Douglas Production Function
 CES Production Function
 Translog Production Function
 Returns to Factor and Returns to Scale
 Cost Theory Part 1
 Cost Theory Part 2
 Duality and Cost functions
 Existence of General Equilibrium Prices Part 1
 Existence of General Equilibrium Prices Part 2
 Edgeworth Box, Pareto Efficiency and Competitive Equilibrium (Cobb Douglas)
 Edgeworth Box, Pareto Efficiency and Competitive Equilibrium (Perfect Substitutes and Perfect Complements)
3. Theory of Value
Pricing under different market structures, public sector pricing, marginal cost pricing, peak load pricing, crosssubsidy free pricing and average cost pricing. Marshallian and Walrasian stability analysis. Pricing with incomplete information and moral hazard problems.
 Perfect Competition Part 1
 Perfect Competition Part 2 (LR Supply Function Constant Cost Industry)
 Perfect Competition Part 3 (LR Supply Function – Increasing and Decreasing Cost Industry)
 Profit Maximization Part 1 (No Demo)
 Profit Maximization Part 2 (No Demo)
 Monopoly Part 1
 Monopoly Part 2
 Imperfect Competition Part 1 (Bertrand Model)
 Imperfect Competition Part 2 (Cournot Model)
 Imperfect Competition Part 3 (n firm Cournot)
 Imperfect Competition Part 4 (Product Differentiation in Cournot and Bertrand)
 Imperfect Competition Part 5 (Tacit Collusion)
 Imperfect Competition Part 6 (Entry Deterrence)
 Imperfect Competition Part 7 (Stackelberg Model)
 Public Sector Pricing (Covered under Public Economics)
 Marshallian and Walrasian Stability Analysis Part 1
 Marshallian and Walrasian Stability Analysis Part 2
 Marshallian and Walrasian Stability Analysis Part 3
 Pricing with Incomplete Information (Asymmetric Information) – Part 1
 Pricing with Incomplete Information (Asymmetric Information) – Part 2
 Moral Hazard – Part 1
 Moral Hazard – Part 2
4. Theory of Distribution
Neo classical distribution theories; Marginal productivity theory of determination of factor prices, Factor shares and adding up problems. Euler’s theorem, Pricing of factors under imperfect competition, monopoly and bilateral monopoly. Macro distribution theories of Ricardo, Marx, Kaldor, Kalecki.
 Factor Shares and Adding up Problems and Euler’s Theorem Part 1 (No Demo)
 Factor Shares and Adding up Problems and Euler’s Theorem Part 2 (No Demo)
 Two Welfare Theorems and their Implications
 Marginal Productivity Theory of Distribution under Perfect Competition
 Wage Determination under Monopsony Part 1
 Wage Determination under Monopsony Part 2
 Bilateral Monopoly
 Kaldor’s Theory of Distribution
 Kalecki’s Theory of Distribution
 Ricardo’s Theory of Distribution
 Marx Theory of Distribution
 Pricing under Imperfect Competition Part 1
 Pricing under Imperfect Competition Part 2
 Pricing under Imperfect Competition Part 3

Welfare Economics
Interpersonal comparison and aggregation problem, Public goods and externality, Divergence between social and private welfare, compensation principle. Pareto optimality. Social choice and other recent schools, including Coase and Sen and Game theory
 ArrowImpossibility Theorem Part 1
 ArrowImpossibility Theorem Part 2
 Interpersonal Comparison and Aggregation Problem
 Divergence between Social and Private Welfare
 Pareto Optimality
 Social Choice – Sen
 Social Choice – Coase
Part B
1. Mathematical Methods in Economics:
Differentiation and Integration and their application in economics. Optimisation techniques, Sets, Matrices and their application in economics. Linear algebra and Linear programming in economics and Inputoutput model of Leontief.
 Functions Part 1 (Definition and Types of functions)
 Functions Part 2 (Monotonicity and Convex Concave functions)
 Differentials and Implicit function theorem
 Simple Economic Applications of Derivatives and Integrals Part 1
 Simple Economic Applications of Derivatives and Integrals Part 2
 Exponential Function and its Applications
 Logarithmic Functions and its Applications
 Cramer’s Rule and its Applications
 First and Second Order conditions for Optimization
 Multivariable functions
 Multivariable functions Economic Applications
 Constrained Optimization and Lagrangean Method
 Lagrangean Method Applications
 Linear Algebra – Part 1
 Linear Algebra – Part 2
 Input – Output Model – Part 1
 Input – Output Model – Part 1
2. Statistical and Econometric Methods:
Measures of central tendency and dispersions, Correlation and Regression. Time series. Index numbers. Sampling of curves based on various linear and nonlinear function. Least square methods and other multivariate analysis (only concepts and interpretation of results). Analysis of Variance, Factor analysis, Principle component analysis, Discriminant analysis. Income distribution: Pareto law of Distribution, long normal distribution, measurement of income inequality. Lorenz curve and Gini coefficient. Univariate and multivariate regression analysis. Problems and remedies of Hetroscedasticity, Autocorrelation and Multicollnearity.
Econometrics (Only for IES Exam)
 Derivation of Normal Equations under Simple Regression Model
 Statistical Properties of OLS estimators
 Computation of R2
 Introduction to Hypothesis Testing
 One Tailed and Two Tailed Test Example (No Demo)
 Test of Goodness of fit in a Simple Linear Regression Model (No Demo)
 Derivation of Normal Equations under Multiple Regression Model
 Multiple Regression with two explanatory variables (No Demo)
 Properties and Precision of Multiple Regression Coefficients (No Demo)
 Introduction to Joint Hypothesis Testing
 Joint Hypothesis Testing Example
 Omission of an Important Variable
 F Test (No Demo)
 Introduction to Multicollinearity
 Exact Multicollinearity and Consequences of ignoring Multicollinearity
 Multicollinearity and measures of alleviating it (No Demo)
 Functional Forms and their Estimation
 Heteroscedasticity, Assumptions, Tests and Consequences of ignoring it
 More on Heteroscedasticity (No Demo)
 Serial Correlation, Assumptions, Tests and Consequences of ignoring it
 More on Autocorrelation (No Demo)
 Dummy Variable, Estimation and Problems, Dummy Variable Trap
 More on Dummy Variables (No Demo)
 Chow Test (No Demo)
General Economics Paper II
1. Economic Thought:
Mercantilism Physiocrats, Classical, Marxist, Neoclassical, Keynesian and Monetarist schools of thought.
 History of Economic Thought : Part 1
 History of Economic Thought : Part 2
 History of Economic Thought : Part 3
2. Concept of National Income and Social Accounting
Measurement of National Income, Inter relationship between three measures of national income in the presence of the Government sector and International transactions. Environmental considerations, Green national income
 National Income Accounting Part 1
 National Income Accounting Part 2
 National Income Accounting Part 3
 National Income Accounting Part 4
 Green National Income
3. Theory of employment, Output, Inflation, Money and Finance
The Classical theory of Employment and Output and Neo classical approaches. Equilibrium, analysis under classical and neo classical analysis. Keynesian theory of Employment and output. Post Keynesian developments. The inflationary gap; Demand pull versus cost push inflation, the Philip’s curve and its policy implication. Classical theory on Money, Quantity theory of Money. Friedman’s restatement of the quantity theory, the neutrality of money. The supply and demand for loanable funds and equilibrium in financial markets, Keynes’ theory on demand for money
 Money and Inflation Part 1
 Money and Inflation Part 2
 Money and Inflation Part 3
 Classical Theory of Output and Employment Part 1
 Classical Theory of Output and Employment Part 2
 Classical Theory of Interest Rate Part 1
 The Closed Economy in the Short Run Part 1
 The Closed Economy in the Short Run Part 2
 The Closed Economy in the Short Run Part 3
 Monetary and Fiscal Policy Part 1
 Monetary and Fiscal Policy Part 2
 Monetary and Fiscal Policy Part 3
 Monetary and Fiscal Policy Part 4
 Nominal and Real Interest Rates Part 1
 Nominal and Real Interest Rates Part 2
 The Labour Market Part 1
 The Labour Market Part 2
 AD AS Model Part 1
 AD AS Model Part 2
 Theory of Adaptive Expectations
 Theory of Rational Expectations Part 1
 Theory of Rational Expectations Part 2
4. Financial and Capital Market
Finance and economic development, financial markets, stock market, gift market, banking and insurance. Equity markets, Role of Primary and Secondary markets and efficiency, Derivatives markets; Futures and options
All of these will be rerecorded again. Recordings will be available soon
5. Economic Growth and Development
Concepts of Economic Growth and Development and their measurement: characteristics of less developed countries and obstacles to their development – growth, poverty and income distribution. Theories of growth: Classical Approach: Adam Smith, Marx and Schumpeter – Neo classical approach; Robinson, Solow, Kaldor and harrod Domar. Theories of Economic Development, rostow, RosensteinRoden, Nurske, Hirschman, Leibenstien and Arthur Lewis, Amin and Frank (Dependency school) respective role of the state and the market. Utilitarian and Welfariest approach to social development and A K Sen’s critique. Sen’s capability approach to economic development. The Human Development Index. Physical quality of Life Index and Human Povery Index.
 Adam Smith Theory of Growth
 Ricardo’s Theory of Growth
 Malthusian Theory of Growth
 Classical Theory of Growth
 Marxian Theory of Growth Part 1
 Marxian Theory of Growth Part 2
 Marxian Theory of Growth Part 3
 Schumpeterian Theory of Growth
 Marx’s Stages of Growth
 Rostow’s Stages of Growth Part 1
 Rostow’s Stages of Growth Part 2
 Gerschenkron’s Great Spurt Theory
 Nurkse’s and Lewis’s views on Economic Development
 Nurkse’s Theory of Balanced Growth
 Hirschman Theory of Unbalanced Growth
 Lewis Theory of Unlimited Supply of Labour
 Fei Ranis Theory of Economic Development Part 1 (No Demo)
 Fei Ranis Theory of Economic Development Part 2 (No Demo)
 Leibenstein’s Critical Minimum Effort Thesis (No Demo)
 Rosenstein Rodan Big Push Theory (No Demo)
 Nelson’s Low Level of Equilibrium Trap (No Demo)
 Kaldor Mirrlees Model of Economic Growth (No Demo)
 International Structuralist Models (No Demo)
 Dualism Introduction (No Demo)
 Social, Technological and Financial Dualism (No Demo)
 Economic Development and Economic Growth (No Demo)
 Good Governance and Humane Governance Index (No Demo)
 Growth of GNP Approach vs Basic Needs Approach (No Demo)
 Human Development Index (No Demo)
 Solow Growth Model Part 1 (No Demo)
 Solow Growth Model Part 2 (No Demo)
 Solow Growth Model Part 3 (No Demo)
 Harrod Domar Model
 Sen’s Capability Approach to Development
 Human Development Index
 Physical Quality of Life Index
 Human Poverty Index
6. International Economics
Gains from International Trade, Terms of Trade, policy, international trade and economic development – Theories of International Trade; Ricardo, Haberler, HeckscherOhlin and StoplerSamuelson – Theory of Tariffs – Regional Trade Arrangements.
 Theory of Absolute Advantage
 Theory of Comparative Advantage
 Comparative Advantage and Opportunity Costs Part 1
 Comparative Advantage and Opportunity Costs Part 2
 The Standard Theory of International Trade Part 1
 The Standard Theory of International Trade Part 2
 The Standard Theory of International Trade Part 3
 Offer Curves and Terms of Trade Part 1
 Offer Curves and Terms of Trade Part 2
 Factor Intensity and Factor Abundance
 Heckscher Ohlin Theorem
 The Factor Price Equalization Theorem
 The Specific Factors Model
 Leontief Paradox and Factor Intensity Reversal
 Trade Based on Economies of Scale and Product Differentiation
 Intra Industry Trade Model (No Demo)
 Technological Gap Model (No Demo)
 Product Cycle Model (No Demo)
 Factor Growth and Rybczynski Theorem (No Demo)
 Technical Progress and Small Country Case
 Factor Growth, Trade, Welfare : Small Country Case
 Partial Equilibrium Analysis of Tariff : Small Country Case
 General Equilibrium Analysis of Tariff Small Country Case
 General Equilibrium Analysis of Tariff Large Country Case
7. Balance of Payments
Disequilibrium in Balance of Payments, Mechanism of Adjustments, Foreign Trade Multiplier, Exchange Rates, Import and Exchange Controls and Multiple Exchange Rates.
 Introduction : NER, RER, Nominal and Real Appreciation and Depreciation
 Introduction : BOP Account and UIP condition
 Dd for Domestic Goods and Domestic Dd for Goods
 Marshall Lerner Conditions and Effects of Depreciation
 J Curve
 Equilibrium in Open Economy Money Market
 Fiscal and Monetary Policy in Open Eco and Flexible ER’s
 Fixed ER and Fiscal and Monetary Policy
 Flexible and Fixed ER’s
 Consequences of Overvaluation and Undervaluation
 BOP and External Accounts Must Balance (No Demo)
 Accommodating Transactions (No Demo)
 Mundell Flemming Model Part 1 (Horizontal BP curve) (No Demo)
 Mundell Flemming Model Part 2 (Horizontal BP curve) (No Demo)
 Mundell Flemming Model Part 3 (Different Slopes of BP curve) (No Demo)
8. Global Institutions
UN agencies dealing with economic aspects, World Bank, IMF and WTO, Multinational Corporation
All of these will be rerecorded again. Recordings will be available soon
General Economics Paper III
1. Public Finance
Theories of taxation: Optimal taxes and tax reforms, incidence of taxation; Theories of public expenditure: objectives and effects of public expenditure, public expenditure policy and social cost benefit analysis, criteria of public investment decisions social rate of discount, shadow prices of investment, unskilled labour and foreign exchange. Budgetary deficits. Theory of public debt management.
 Canons of Taxation
 Theories of Taxation Part 1
 Theories of Taxation Part 2
 Public Goods and their Optimal Provision
 Free Rider Problem and Lindahl’s Pricing
 Lindahl’s Pricing and Majority Voting
 Arrow Impossibility Theorem and Median Voter Theory
 Direct and Indirect Taxes
 Incidence of taxes
 Optimal Taxation Part 1
 Optimal Taxation Part 2
 Theories of Public Expenditure
 Effects of Public Expenditure
 Public Debt Part 1
 Public Debt Part 2
 Cost Benefit Analysis
2. Environmental Economics
Environmentally sustainable development, Green GDP, UN Methodology of Integrated Environmental and Economic Accounting. Environmental Values: Users and nonusers values; option value. Valuation Methods: Stated and revealed preference methods. Design of Environmental Policy Instruments: Pollution taxes and pollution permits, collective action and informal regulation by local communities. Theories of exhaustible and renewable resources. International environmental agreements. Climatic change problems. Kyoto protocol, tradable permits and carbon taxes
 Revealed Preference Method
 Stated Preference Method
 Shadow Pricing
 Air Pollution
 Property Rights and Externalities Part 1
 Property Rights and Externalities Part 2
 Investment Decision Criteron for Public Sector Projects And Efficient Allocation of Pollutants
 Cost Effective Policies for Fund Pollutants
 Static and Dynamic Efficient Allocation of Depletable Resources
 Water Pollution
 Timber Harvesting
 Economics of Fisheries
 Economics of Oil and Natural Gas
 Toxic Substances and Pollution
3. Industrial Economics
Market structure, conduct and performance of firms, product differentiation and market concentration, monopolistic price theory and oligopolistic interdependence and pricing, entry preventing pricing, micro level investment decisions and the behavior of firms, research and development and innovation, market structure and profitability, public policy and development of firms.
 Perfect Competition
 Monopoly
 Market Structure and Market Power
 Technology and Cost functions
 Monopoly and Third Degree Price Discrimination
 Second Degree and First Degree Price Discrimination
 Commodity Bundling Strategy
 Strategic Interaction and Cournot Model
 Bertrand Model and Stackelberg Model
 Entry Deterrence
 Market Structure and Size
 Research and Development
4. State, Market and Planning
Planning in a developing economy. Planning regulation and market. Indicative Planning. Decentralised Planning.
 Planning and Development : Part 1
 Planning and Development : Part 2
 Planning and Development : Part 3
General Economics Paper IV
Indian Economics
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.
 Indian Economy at Independence – Introduction : Uma Kapila
 Economic Legacies of Colonial Rule in India (Part 1) : Tirthankar Roy
 Economic Legacies of Colonial Rule in India (Part 2) : Tirthankar Roy
 Planning, Market and the State : Uma Kapila
 Mahalanobis Model Part 1
 Mahalanobis Model Part 2
 Vakil Brahmanand Wage goods Model
 XII Five Year PlanSome issues : Manmohan Singh
 Growth and Structural Change since 1950 (Part 1) : Uma Kapila
 Growth and Structural Change since 1950 (Part 2) : Uma Kapila
 Growth and Structural Change since 1950 (Part 3) : Uma Kapila
 Recovery of Indian Economy during Nehru Era Part 1 : P Balakrishnan
 Recovery of Indian Economy during Nehru Era Part 2 : P Balakrishnan
 Macroeconomic Overview : The Growth Story (Part 1) : Manoj Panda
 Macroeconomic Overview : The Growth Story (Part 2) : Manoj Panda
 Growth experience of Indian economy : Arvind Subramanian
 Story of sustained increase in savings and investment during 19502008 : Rakesh Mohan (Part 1)
 Story of sustained increase in savings and investment during 19502008 : Rakesh Mohan (Part 2)
 Growth and Investment – The Interlinks : C.Rangarajan
 Myths about Indian Reforms : Bhagwati and Panagariya
 Demographic Constraint : Uma Kapila (Part 1)
 Demographic Constraint : Uma Kapila (Part 2)
 India’s Demographic Transition and its consequences for Development : Tim Dyson
 Debate on Demographic dividend in India : KS James
 Integrating Growth and Development Part 1
 Integrating Growth and Development Part 2
 India in Comparative Perspective (Part 1)
 India in Comparative Perspective (Part 2)
 Poverty, Inequality and Unemployment (Part 1) : Uma Kapila
 Poverty, Inequality and Unemployment (Part 2) : Uma Kapila
 Poverty, Inequality and Unemployment (Part 3) : Uma Kapila
 Poverty, Inequality and Unemployment (Part 4) : Uma Kapila
 Poverty, Inequality and Unemployment (Part 5) : Uma Kapila
 Counting the Poor : Measurement and Other Issues (Part 1) : Rangarajan and Mahendra Dev
 Counting the Poor : Measurement and Other Issues (Part 2) : Rangarajan and Mahendra Dev
 Labour and Employment in Fast Growing India (Part 1) : Papola and Sharma
 Labour and Employment in Fast Growing India (Part 2) : Papola and Sharma
 Labour and Employment in Fast Growing India (Part 3) : Papola and Sharma
 Inequities in Access to Health Services in India Part 1
 Inequities in Access to Health Services in India Part 2
 Inequities in Access to Health Services in India Part 3
 Inequities in Access to Health Services in India Part 4
 India’s Education Policy (Part 1)
 India’s Education Policy (Part 2)
 India’s Education Policy (Part 3)
 Indian Agriculture Issues, Policies and Reforms (Part 1) : Uma Kapila
 Indian Agriculture Issues, Policies and Reforms (Part 2) : Uma Kapila
 Indian Agriculture Issues, Policies and Reforms (Part 3) : Uma Kapila
 Agricultural Development in India (Part 1) : S Mahendra Dev
 Agricultural Development in India (Part 2) : S Mahendra Dev
 The Context and Conundrums of Contemporary Agriculture
 Agricultural Price Policy, Farm Profitability and Food Security : Dev and Rao
 National Food Security Act : Ashok Gulati and Shweta Saini
 Industrial Development and Policies since Independence (Part1) : Uma Kapila
 Industrial Development and Policies since Independence (Part2) : Uma Kapila
 Industrial Performance 1991 – 2008 : R Nagraj
 Industrial Development and Policies in India since Independence : KL Krishna
 Public Sector Performance Since 1950 : A Fresh Look : R Nagraj
 On Strategies of Disinvestment and Privatization : Vijay Kelkar
 Of Omissions and Commissions : India’s Competition Laws : Aditya Bhattacharjea
 Small Scale Industrialization under Globalization : M.H. Balasubramanya
 The Employment Problem in India and the problem of Missing Middle : Mazumdar and Sarkar
 Services in India’s Growth Process : Uma Kapila
 Infrastructure and Economic Development : Uma Kapila
 India’s External Sector : Uma Kapila