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Old November 17th, 2016, 04:51 PM
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Join Date: Dec 2012
Default Re: Presidency University Economics Syllabus

As you are searching for syllabus of M.Sc. Applied Economics Course of Presidency University, so here I am providing following syllabus:

Presidency University M.Sc. Applied Economics Syllabus

Semester I 250 Marks
Paper I: Theoretical Microeconomics 50 Marks
Paper II: Theoretical Macroeconomics 50 Marks
Paper III: Mathematical Economics 50 Marks
Paper IV: Econometric Methods I 50 Marks
Paper V: Computer Application I (Practical) 50 Marks

Semester II 250 Marks
Paper VI: Applied Microeconomics 50 Marks
Paper VII: Applied Macroeconomics 50 Marks
Paper VIII: Development Economics 50 Marks
Paper IX: Econometric Methods II 50 Marks
Paper X: Computer Application II (Practical) 50 Marks

THEORETICAL MICROECONOMICS
Module 1 Theory of Consumer Choice and Demand
Unit 1 Theory of Choice and Postulates about Ordering- Preference Relations
Utility Function Various Types of Preferences
Unit 2 Budget Constrained Choice - Utility Maximization Problem (UMP),
Interior and Corner Solutions, Ordinary Demand Functions, Comparative
Statics of UMP, Indirect Utility function
Unit 3 Theory of Revealed Preference
Expenditure Minimization Model - Expenditure Minimization,
Compensated Demand Functions, Expenditure Function properties:
Concavity and Shephard’s Lemma
Unit 4 Properties of Consumer Demand – Homogeneity, Price, Substitution and
Income Effects, Duality and Modern Derivation of Slutsky Equation,
Elasticity Relations
Unit 5 Special Topics in Consumer Theory and Applications - Consumer’s
surplus: Willingness to pay, Compensating and Equivalent Variation,
Intertemporal choice, Labour- Leisure Choice, Household Production
Model

Module 2 Choice under uncertainty
Unit 1 Concepts of Lotteries, Axioms of choice under uncertainty, Expected
Utility Function and its properties, Expected Utility Theorem and its proof,
Violations of Expected Utility Theorem – paradoxes
Unit 2 Preferences towards risk, Reducing risk – diversification, Insurance, value
of information
Unit 3 Applications: Demand for risky asset; The trade-off between risk and
return –CAPM
Unit 4 Individual Decision making under uncertainty
Unit 5 Concept of subjective probability

Module 3 Theory of Firm 12
Unit 1 What is a Firm? - Firm as a transformer of inputs into outputs, production
sets, production functions, Different types of Technology: Cobb-Douglas,
Fixed Proportion, Linear, CES, Multi-product production set
02
Unit 2 Decision-Making By Price-Taking Firms: Input prices and marginal cost, laws of
firm demand and supply, short v. long run response to a price change, Cost
Function, Output effect, Convexity of the Production Set and Increasing Marginal
Cost, Effect of price changes on inputs and outputs, Le Chatelier Principle
Attached Files Available for Download
File Type: pdf Presidency University M.Sc. Applied Economics Syllabus.pdf (148.4 KB, 10 views)
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