Education and Career Forum

What is the syllabus of PhD (Economics) entrance from Indira Gandhi Institute of Development Research? Also, how is Mumbai University for a PhD in Economics?

The syllabus of PhD Economics entrance exam for IGNOU is given below.

Module I- Micro Economic Analysis
Demand Analysis – Marshallian, Hicksian and Revealed Preference Approaches
Consumer Behaviour under Conditions of Uncertainty, Theory of Production and Costs,
Pricing and output under different forms of market structure, Collusive and non-
Collusive oligopolies, Different models of objectives of the firm – Baumol, Morris &
Williamson, Cournot, Sweezy, Factory-Pricing, General Equilibrium & Welfare
Economics.

Module II- Macroeconomics
Classical approach: Implications – Keynesian approach – concepts – Determinants of
Effective Demand – Relevance – Economic Fluctuations-Hicks & Samuelson
Approaches – Measures to minimize economic fluctuations – Phillips curve-Concepts –
Trade off – Implications- New classical Macroeconomics: Propositions and Policy
conclusions of supply side Economics and Rational Expectations Analysis – Open
Economy Macroeconomics – concepts –Simultaneous Equilibrium – Implications.

Module III - Development and Planning
Sustainable Development – various measures of economic development – Human
Development index – capability approach to development – Development as freedom-
Development management – Development ethics- Development Vs Displacement –
Inclusive growth – Gender substituted development – Market failure – Development
planning – State & Development – State failure – Emerging issues of Development
Planning.

Module IV- Mathematical and Statistical Methods
Linear and Non-linear functions and their applications - Application of Differential and Integral Calculus in consumer behavour and production theories – Matrix algebra and its application. Measures of Central Tendencies and Dispersion – Elementary theory of probability –Binominal, Poison and Normal Distribution – Testing of Hypothesis – Z, t, X2 and F test – Index numbers – Time series.

Module V- Public Economics
Economic Functions of Modern Government – Role of Government in Economic Planning and Market Governance – Welfare foundations –Budget- Types of budget – concepts of deficits – Reforms in Budgeting – Zero Base Budgeting and Performance Budgeting – Public Revenue –Sources of Revenue – Tax Revenue – Effects of taxes on production, consumption, work efficiency, Savings – Public Expenditure – Effects of Public Expenditure on the Economy –Evaluation of Public Expenditure: Cost Benefit Analysis – Public debt – Issues in Management –Fiscal Policy – Objectives – Instruments – As an instrument of growth and social justice.

Module VI- International Economics
Foreign trade and Economic Development – Two – gap model – Foreign trade multiplier –Heickscher –Ohlin theory of International trade – Secular Decline in Terms of Trade – Perbisch – Singer & myrdal’s thesis – Balance of payment problem in LDCs , Traditional, Absorption & Monetary approaches to BOP – Foreign exchange market & its functions – impact of tariff & non-tariff on trade – Regional trade Blocks – WTO & India.

Module VII- Money, Banking & Finance
Money supply & Money Demand – Role, Constituents & Functions of money & capital markets – central Bank – commercial banks- cooperative banks-Regional Rural banks-Technological developments in banking – Mutual funds – SEBI & RBI guidelines – insurance sector –LICGIC- reforms in the Financial sector.

Module VIII- Environmental Economics
Natural Resources – Classification – Environmental costs – Environmental Accountings –
Valuation of Natural Resources – Green GDP – Valuation of forests – Environmental
Economics-Public goods- Market Failure – Common Property Resources – Market Based
Instruments – Environmental Impact Assessment – Environmental Policy in India- Global warning – climate change

Module IX- Indian Economy
National Income accounting: Trends and major issues – performance of different sectors – problems of poverty, unemployment migration inflation & environment – Economic reforms in India – India on the are of economic reforms-objectives, nature & structures of economic reforms – impact of economic reforms –India & WTO India & GATS.

Mumbai University is good for PhD in Economics since it is an old university and is reputed. Along with that it also provides exposure and various opportunities for further research.

I have completed M.a and net in economics. I want to do PhD in eco from ignou uni. At the same time I don't want to go out of Mumbai as I have small baby.. Is it worth doing? Please tell me ignou study centre which offers PhD in economics in Mumbai..