Goa PSC Asst Professor (Economics) Syllabus
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.

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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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