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Old February 9th, 2017, 02:39 PM
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Join Date: Apr 2013
Default Re: Kannur University MA Economics Syllabus

As you are looking for Kannur University M.A . Applied Economics program syllabus so on your demand I am providing same for you:

The methodology of microeconomics: The scientific method – economic models – the role of theory – usefulness versus realism of assumptions – the role of mathematics – complementary role of induction and deduction – ceteris paribus assumption – comparative static approach – positive versus normative economics.

Theory of consumer choice-1: Individual behaviour in the face of risk and uncertainty: Risk and
uncertainty in demand choices – contingent consumption – utility functions, probability distribution
and expected utility – measuring risk – risk aversion and risk preference – choice between insurance
and gambling with different shapes of the utility function – risk spreading – Neumann-Morgenstern
method of constructing utility index – Friedman-Savage hypothesis – trade off between risk and
return – the investor’s choice problem: household portfolio decisions under conditions of
uncertainty – reducing risks and uncertainty – benefits of diversification – risk aversion and
indifference curves – the mean-variance analysis.– the state preference theory.
Theory of consumer choice-II: Recent developments in the theory of market demand: Attribute
theory of demand: maximizing satisfaction from attributes – attribute approach and the law of
demand – implicit prices – inter temporal choice: the inter temporal budget constraint, indifference
map and optimal choice of consumption – Hick’s logical ordering theory of demand – pragmatic
approach to demand analysis – constant elasticity demand function – distributed lag models of
demand – Nerlove’s model – Houthakker’s and Taylor’s model – linear expenditure systems.

Kannur University M.A . Applied Economics program syllabus

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