AXIOM IAS MAHESH LALWANI ECONOMICS OPTIONAL CLASS ROOM

AXIOM IAS Mahesh Lalani Economics Optional Class Notes are divided two part paper -I and paper-II . The first section paper-I is included Advanced Micro Economics and  Advanced Macro Economics etc. The second section is paper – II included Indian Economy in Pre-Independence Era and Indian Economy after Independence etc.

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AXIOM IAS Mahesh Lalani Economics Optional Class Notes divided into two sections and they are given below

Paper – I

1. Advanced Micro Economics: 

2. Advanced Macro Economics

3. Money – Banking and Finance:

4. International Economics:

• Comparative Advantage
• Terms of Trade and Offer Curve.
• Old and New Theories of International Trade
• Balance of Payments Adjustments: Alternative Approaches.

Trade as an engine of growth and theories of under development in an open economy.

• Forms of Protection: Tariff and quota.
• Balance of Payments Adjustments: Alternative Approaches.
• Price versus income, income adjustments under fixed exchange rates,
• Theories of Policy Mix
• Speculative attacks
• Floating Rates and their Implications for Developing Countries: Currency Boards.
• BOP, adjustments and Policy Coordination in open economy macro-model.
• Trade Policy and Developing Countries.
• Exchange rate adjustments under capital mobility

Growth and Development:

• development with surplus labor
• Balanced and Unbalanced growth,
• Human Capital and Economic Growth.
• Research and Development and Economic Growth

Process of Economic Development

Development Economic and Sustainability

Paper – II

1. Indian Economy in Pre-Independence Era:

2. Indian Economy after Independence: 

A The Pre Liberalization Era:

• Agriculture
• Industry Composition and Growth
• National and Per Capita Income

B Post Liberalization Era

• Economic Public and Policy
• Economic Policy and Trade
• Economic Policy and Monetary

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