GENERAL
ECONOMICS-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.
2. Environmental Economics: Environmentally sustainable development, Green GDP,
UN Methodology of Integrated Environmental and Economic Accounting.
Environmental Values: Users and non-users 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
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.
4. State, Market and Planning: Planning in a developing economy. Planning regulation
and market. Indicative Planning. Decentralised Planning.
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