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Study Plan Economics STUDY PLAN ECONOMICS EduSure School Economics PG Entrance Course Study Plan for Eco Topper Course-1 Year Prep Learning under: Ankit & Mahima Banthia Macro-economics Select Subject: Macro/Devt/Trade Eco Topper [MacroET] @ elearn.edusure.in to access the course content for macroeconomics This subject contains the following chapters Chapter 1 + Simple Keynesian Model Chapter 2 + IS-LM Model Chapter 3 + Open Economy ISLM Chapter 4 + AD AS Model Chapter 5 + Growth Models Chapter 6 + Development Economics Chapter 7 + International Trade Chapter 8 + National Income Accounting Chapter 9 + Money and other extra notes Chapter 10 + Mock Test Discussion 2019 - look at individual subjects to find more videos there Chapter 11 + last jnu videos Chapter 12 + latest JNU answers 1. Chapters 1-8 contain Course Material, Practice Questions, 15 years video solutions to past papers for Macroeconomics, Trade and Development Economics 2. Chapter 9 holds extra notes for various small topics across all economics. Under heading Xtra for subject Macro/Devt/Trade Eco Topper • Here you will find all the practice problems of all Macroeconomics uploaded by EduSure Under heading Forum for subject Macroeconomics Eco Topper [MacroET] • Here you can post doubts, questions for your friends and us to answer. Under heading Study Material for subject Macro/Devt/Trade Eco Topper I. Simple Keynesian Model • See Theory Video – No.s 2,3,5-9 under SKM • Look at EduSure SKM Note “Theory - Notes and Questions”: Subtopic No. 1 • Read topic Keynesian Cross from the book Mankiw STUDY PLAN ECONOMICS • Solve all past paper questions given in SKM handout • Look at video solutions to past paper questions under subtopics 9-62 • Solve the relevant practice problems given under Xtra • II. IS-LM Model • See Theory Video – No.s 2-7 under IS-LM • Look at EduSure IS-LM Note “Theory - Notes and Questions”: Subtopic No. 1 • Read topic IS-LM from the book Mankiw • Solve all past paper questions of JNU, ISI, DSE given in ISLM handout • Look at video solutions to past paper questions under subtopics 8-63 • Solve the relevant practice problems given under Xtra III. Open Economy IS-LM Model • See Theory Video – No.s 2-11 under Open Economy IS-LM • Look at EduSure Open Economy IS-LM Note “Theory - Notes and Questions”: Subtopic No. 1 • Read topic Open Economy IS-LM from the books Mankiw & Dornbusch. Skim through Blanchard • Solve all past paper questions given in Open Economy IS-LM handout • Look at video solutions to past paper questions under subtopics 12-30 • Solve the relevant practice problems given under Xtra IV. AD-AS Model • See Theory Video – No.s 1-12 under AD-AS model • Look at EduSure AD-AS model notes under Subtopic No. 1,8-12 • Read topic AD-AS model from the book Mankiw & Blanchard. Skim through Dornbusch • Solve all past paper questions given in AD-AS model handout • Look at video solutions to past paper questions under subtopics 14-49 • Solve the relevant practice problems given under Xtra V. Growth Models • See Theory Video – No.s 2-4 under growth models • Look at EduSure Growth Note “Theory - Notes and Questions”: Subtopic No. 1 • Read topic growth model from the book Mankiw • Solve all past paper questions given in AD-AS model handout • Look at video solutions to past paper questions under subtopics 5-42 • Solve the relevant practice problems given under Xtra VI. Development Economics • See Theory Video – No.s 2-5 under development economics • Look at EduSure development economics Note “Theory - Notes and Questions”: Subtopic No. 1 STUDY PLAN ECONOMICS • Read topic development economics from the book Mankiw • Solve all past paper questions given in development economics handout • Look at video solutions to past paper questions under subtopics 6-17 • Solve the relevant practice problems given under Xtra VII. International Trade • See Theory Video – No.s 2-5 under International Trade • Look at EduSure development economics Note “Theory - Notes and Questions”: Subtopic No. 1 • Read topic development economics from the book Mankiw • Solve all past paper questions given in development economics handout • Look at video solutions to past paper questions under subtopics 6-17 • Solve the relevant practice problems given under Xtra VIII. National Income Accounting • See Theory Video – No.s 3 under NIA • Look at EduSure NIA Note “Theory - Notes and Questions”: Subtopic No. 1-2 • Read topic NIA from Class 12 book. • Solve all past paper questions given in NIA handout • Look at video solutions to past paper questions under subtopics 5-43 • Solve the relevant practice problems given under Xtra IX. Money and other extra notes Notes from small topics, not covered elsewhere, mainly consisting of theory will be updated in this folder. 1. jnu etc extra notes 2. Money and inflation 3. Macro formulas 4. Utility Possibility frontier 5. Consumption theories 6. Unemployment 7. Investment 8. The Great Depression 9. Keynes VS Classical X. Last JNU Videos • Video solutions to questions not uploaded elsewhere in the site can be found here. These questions are from outside our core topics covered at length in the portal. XI. Latest JNU answers • Yearwise Solutions to latest JNU past papers STUDY PLAN ECONOMICS Micro-economics Select Subject: Microeconomics Eco Topper [MicroET] @ elearn.edusure.in to access the course content for microeconomics This subject contains the following chapters Chapter 1 + Consumer Behaviour - Types of Utility Functions, Optimum Allocations Chapter 2 + Consumer Behaviour - Slutsky, Hicks Effects, Demand Curves, Intertemporal choice Chapter 3 + Consumer Behaviour - Uncertainty, Public Goods, Game Theory Chapter 4 + General Equilibrium Chapter 5 + Production Function, Cost Function Chapter 6 + Perfect Competition Chapter 7 + Monopoly Chapter 8 + Oligopoly Chapter 9 + Accounting & Economic Profit ; Deadweight Loss Chapter 10 + MISCELLANEOUS QS & Notes Chapter 11 + JNU 2019 SSS Microeconomics Questions 3. Chapters 1-8 contain Course Material, Practice Questions, 15 years video solutions to past papers for the entire microeconomics syllabus. 4. Chapter 9-11 provides miscellaneous solutions to questions not covered else where Under heading Xtra for subject Microeconomics Eco Topper [MicroET] • Here you will find all the practice problems of Microeconomics uploaded by EduSure Under heading Forum for subject Microeconomics Eco Topper [MicroET] • Here you can post doubts, questions for your friends and us to answer. Under heading Study Material for subject Microeconomics Eco Topper [MicroET] I. Consumer Behaviour - Types of Utility Functions, Optimum Allocations • Look at EduSure CB Note “Theory - Notes and Questions”: Subtopic No. 1 • The two aspects - budget line and utility function and the interaction of the two • Budget line and the budget set • Examples of price changes and how a budget line can become discontinuous or Kinked • Questions - DSE 2009 Q11; DSE 2019 Q25; DSE 2009 26,27 only BL; DSE 2005 Q15 only BL STUDY PLAN ECONOMICS • Properties of preferences of an average consumer - what is completeness reflexivity transitivity monotonicity and strict convexity • In order to satisfy these properties - we need a mathematical representation in terms of a utility function • Utility function are also of two types one is cardinal and the other is ordinal in our analysis we will consider ordinal utility functions - which allows for monotonic transformation • Important concept with utility function is indifference curve along which the consumers enjoy the same utility - convexity implies LDMU with 2nd order conditions • Utility function properties - DSE 2018 q36 • Perfect Substitutes - ISI 2017 – 16 ; DSE 2008 6 ; DSE 2007 1 ; JNU(SSS) 2016 48 • Perfect Complements – the standard and modified case where U = Min(ax+by, cx+dy) - DSE 2016 19; DSE-2011 - 41,42 ; DSE - 2008 – 7 ; DSE 2013 31; DSE 2006 42; ISI 2018 -2, 3 ; ISI 2011 4 ; ISI 2007 5b ; JNU 2017(SSS) – 43, 45 • Economic bad - ISI 2006 6 • Neutral good - if a consumer is indifferent between consuming and not consuming that good. • Concave preferences: Two economics goods that a consumer likes but doesn’t prefer consuming them together - DSE - 2009 – 21 ; DSE 2012 4 • Quasilinear preferences: Quasi linear or partially linear IC s are vertically shifted versions of one another - ISI - 2012 - Q5 ; JNU(SSS) 2016 – 33-36 ; JNU 2013 (SIS) 1, 2 ; ISI 2015 Q1; JNU 2016 SIS Q42, 43 • Cobb Douglas Preferences - DSE - 2009 Q 22 ; ISI 2007 4a ; DSE 2017 13 ; DSE 2016 20 ; JNU 2015(SIS) 38 • Non-existence of a utility function: lexicographic ordering - DSE 2017 1 ; DSE 2015 5 ; DSE 2010 8 ; JNU(SSS) 2016 46 • Satiation: when there exists a bliss point i.e. you don’t want more or less of that good, but one particular quantity. Then the ICs are concentric circles around that bliss point - ISI 2018 1 ; ISI - 2014 Q2 (a) • Stone Geary utility function - ISI 2010 Q 9 • HW questions - ISI 2018 Q1; ISI 2016 Q3; ISI 2015 Q1; ISI 2014 Q2; ISI 2011 Q2 • Strictly Quasi concave implies strict convex ICS - JNU 2016 SSS q30; JNU 2015 SSS Q51, 53 • Misc important Questions - ISI 2012 Q3; ISI 2007 Q1B, 6B; ISI 2004 Q5 (compare with ISI 2016 Q3), Q6; DSE 2005 Q15; DSE 2009 Q26 and 27; DSE 2019 Q21; DSE 2007 Q23 • Read relevant chapters from the book Intermediate Microeconomics – Hal Varian if required • Solve all remaining past paper questions given in the CB handout • Look at video solutions to past paper questions under subtopics 14-65 • Solve the relevant practice problems given under Xtra II. Consumer Behaviour - Slutsky, Hicks Effects, Demand Curves,
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