simhapuriuniv.ac.in VSUPGCET 2014 Syllabus VSU PGCET : Post Graduate Common Entrance Test

Name of the Organisation : Vikrama Simhapuri University, Nellore (simhapuriuniv.ac.in)
Type of Announcement : Syllabus
Exam Name : Post Graduate Common Entrance Tests VSUPGCET–2014 VSU PGCET

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VSUPGCET-2014 : SYLLABUS

01-ECONOMICS :
SECTION-A :
MICRO ECONOMICS :
INTRODUCTION
Nature Definition and scope of Economics – Methodology in Economics – Micro and macro – Inductive and deductive Analysis – Partial and general Equilibrium – Choice as an economic problem.

CUNSUMER BEHAVIOUR
Utility Analysis – Cardinal and ordinal approaches – Law of Diminishing marginal utility, Law of Equi-marginal utility, Indifference curves – Properties of indifference curves – Price (Budget) line – Equilibrium of the consumer with the help of indifference curves, Demand Analysis – Law of demand – Elasticity of Demand – Price, income and cross elasticities, Demand forecasting – Meaning and factor influencing demand forecasting – Consumer surplus – Engel curve.

THEORY OF PRODUCTION COSTS
Objectives of a firm – Production function – Concept of cobo – Douglas production function – Law of variable proportions, law of Returns to Scale – Different Concepts of Revenue and Costs and their interrelation – Equilibrium of the firm – Break – Even analysis.

MARKET STRUCTURES
Market forms – Perfect and imperfect markets, Price Determination and Equilibrium of a firm and industry under perfect competition – Monopoly – Price determination under monopoly – Price discrimination – Monopolistic c competition – Price determination, Oligopoly (Kinked demand curve).

FACTOR PRICING
Marginal productivity theory of distribution – Theories of Wage determination – Wages and collective bargaining, Minimum Wage – Rent – Scarcity rent, Differential rent – Quasi rent Interest – Classical, Neo-Classical and Keynesian theories, Profit – Dynamic, Innovations, Risk and Uncertainty theories.

SECTION-B :
MACRO ECONOMICS :
NATIONAL INCOME
Meaning, Definition and importance of Macro Economics – national Income: Meaning, definitions: national Income, GNP & NNP, GDP & NDP, Personal Income (PI), Disposable Income (DI), Per capita Income (PCI), real National Income (RNI) – Methods of Estimation of national Income (NI) – Measurement of National Income in India.

THEORIES OF EMPLOYMENT
Classical theory of employment – Say’s law of markets – Keynesian theory of employment – Consumption function – APC, MPC, factors influencing consumption function – Investment function – MEC and Rate of Interest and the concept of Multiplier – Accelerator – Applicability of the Keynesian theory to the developing countries.

MONEY AND THEORIES OF MONEY
Meaning, functions and classification of Money – Gresham’s law – R.B.I Classification of Money- M1, M2, M3, M4 Theories of Money – Fisher’s quantity theory of Money, Cambridge approach (marchall, Pigou, Robertson and Keynes).

TRADE CYCLES AND INFLATION
Trade cycles – Meaning and definition – Phases of trade cycle – Inflation – definition – Types of Inflation – causes and effects of inflation – measures to control inflation.

BANKING, STOCK MARKET AND INSURANCE
Functions of Commercial banks – The process of credit creation – Concept of Non Banking Finance Companies (NBPCs) – Concept of SEBI Stock Market – Meaning, functions and importance of Stock Market – Primary and Secondary markets. Concepts of (a) Shares (b) Debentures, Insurance – Types of Insurance – Life Insurance and general Insurance – Functions of the reserve bank of India – Methods of credit control – Quantitative and Qualitative Methods.

SECTION-C
INDIAN ECONOMY :
CONCEPTS OF DEVELOPMENT
Meaning of Economic growth and development – Measures of Economic Development – GNP, PCI, PQLI and HDI. Factors influencing Economic development – Sustainable development – Balanced and unbalanced growth – Choice of Techniques Labor intensive and capital intensive methods.

STRUCTURE OF THE INDIAN ECONOMY
Basic features – Natural resources – Land, Water and Forest resources; Basic demographic features – Size and growth of the population – Age and sex composition – Rural and Urban population – Occupational distribution – Population policy. National income in India – Trends and Composition – Poverty, Inequalities and unemployment – Causes and consequences. Current Five year Plan – Objectives, Mobilization and Allocation of Resources – New Economic reforms – Liberalization, Privatization and Globalization in India – Inclusive Growth.

INDIAN AGRICULTURE
Nature and importance, trends in agricultural Production and Productivity; factors determining productivity. Rural Credit – Micro Finance and self help groups (SHGs) Agricultural price policy, Crop insurance, Agricultural Infrastructure and food security.

INDIAN INDUSTRY AND SERVICES
Structure and Growth of Indian Industry – Industrial policies of 1955 and 1991. Growth and problems of Small Scale Industry, Foreign exchange Management Act (FEMA); Disinvestment policy in India – Foreign Direct Investment – Growing importance of Services Sector in India – Banking, Insurance, information technology, education and health.

ANDHRA PRADESH STATE ECONOMY
GSDP – Sectoral Contribution and Trends; Human resources – Population Trends, Regional differentials – Demographic Dividend; Agricultural Sector – Land use and Cropping pattern; Industrial; sector – Small Scale industries, Investment and employment in industrial sector SEZs; Service Sector – Growth of income and employment in the service sector, Information technology (IT)