Study Notes for M.A. Economics (University of Karachi)

Micro Economics

• Economic schools of thoughts

• François Quesnay and the Physiocrats

• Equilibrium, Types of equilibrium, ...

• Utility theory, Cardinal & Ordinal, ...

• Price determination under monopoly

• Price determination under oligopoly

• Game theory

• Price determination under monopolistic competition

• Price determination under perfect competition (Normal price)

• Theory of rent

• Theory of wages

Public Finance

• Introduction, Pareto optimality, Social welfare…

• Maximisation of social welfare, Role of public finance...

• Budget policy

• Merit goods, Public finance vs. Private finance...

• Pakistan's Annual Fiscal Budget 2005-06

• Pakistan's Annual Fiscal Budget 2006-07

• Pakistan's Annual Fiscal Budget 2007-08

• Pakistan's Annual Economic Survey 2004-05

• Pakistan's Annual Economic Survey 2005-06

• Pakistan's Annual Economic Survey 2006-07

• Public expenditure

• Public revenue

• Equity in taxation

• Incidence of taxation

• Public debt

• Deficit financing

• Fiscal policy

• Fiscal policy in Pakistan

Economics of Planning

• Economic planning

• Types of economic planning

• Economic development

• Models of economic growth

• Harrod-Domar model

• Schumpeter's model of economic growth

• Planning techniques

• World Trade Organisation

• WTO and the developing countries

Economic Planning with reference to Pakistan

• Economic planning in Pakistan

• Privatisation and deregulation

• Sixth Five-Year Plan (1983-88)

• Seventh Five-Year Plan (1988-93)

• Eighth Five-Year Plan (1993-98)

• Medium Term Development Framework 2005-10

• Industrialisation

• Resource mobilisation

• Foreign aid (incl. Earthquake Relief)

• Private investment

• Foreign trade

• Balance of payment

National Income Accounting

• Micro and Macro Economics

• Statics, dynamics and comparative statics

• Some concepts of national income accounting

• National income accounts

• Circular flow of income (2-sector, 3-sector, 4-sector economy)

• Theory of employment

• Determination of national income

• Consumption function

• Investment

• Multiplier and accelerator

• Trade cycles

National Income Accounting in Pakistan

• National income accounting in Pakistan

• National flow of fund accounts

Advanced Statistics

• Introduction to statistics

• Graphical presentation I

• Graphical presentation II

• Measures of central tendency I

• Measures of central tendency II

• Measures of dispersion

• Measures of the shape of distribution

• Index numbers I

• Index numbers II

• Probability

• Random variable and its probability distribution

• Sampling distribution theory I

• Sampling distribution theory II

• Coefficient of correlation

• Regression

• Trend series analysis I

• Trend series analysis II

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