General Economics – II [ Indian Economic Service ]

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General Economics – II for Indian Economic Service Exam

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ā–ŗGeneral Economics – I

ā–ŗGeneral Economics – II

ā–ŗGeneral Economics – II

ā–ŗIndian Economics

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  • Full Course Video Lectures
  • Complete Study Material (PDF Notes) which includes Concepts, Previous Year Questions, Numerical Questions, MCQā€™s and Important Questions
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  • Mock Tests at the Website
  • Video Lectures CoverĀ Theory Portions Exhaustively +Ā Solutions of Previous Years Papers + Large Number of Numericals

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Course Content of Our Video Lectures

1. Economic Thought

Chapter 1 : Economic Thought

Duration of Lectures : 201 Minutes

Topics Covered

ā–ŗMercantilism, Marxist Socialism, The Classical Approach,

ā–ŗKeynesian Approach, Monetarist School of Thought,

2. Concept of National Income & Social Accounting

Chapter 2 : National Income Accounting

Duration of Lectures : 121 Minutes

Topics Covered

ā–ŗGDP Introduction,

ā–ŗProduct Approach of Measuring GDP, Expenditure Approach of Measuring GDP, Income Approach of Measuring GDP

ā–ŗReal & Nominal GDP, GDP Deflator, Price Index

Chapter 3 : Social Accounting

Duration of Lectures : 30 Minutes

Topics Covered

ā–ŗEnvironmental Considerations,

ā–ŗGreen National Income,

3. Theory of Employment, Output, Inflation, Money & Finance

Chapter 4 : Classical Theory of Employment

Duration of Lectures : 331 Minutes

Topics Covered

ā–ŗClassical Theory of Employment,

ā–ŗClassical Theory of Interest Rate,

ā–ŗNew Classical Theory,

ā–ŗNew Keynesian Theory,

Chapter 5 : Money & Financial Markets

Duration of Lectures : 440 Minutes

Topics Covered

ā–ŗMoney, functions of Money, Types of Money, Properties of Money,

ā–ŗMoney Supply,

ā–ŗDemand for Money, Factors Affecting Money Demand, Money Market Equilibrium,

ā–ŗOpen Market Operations, Bond Price and Bond Yield, Balance Sheet of Commercial Banks and of Central Bank,

ā–ŗMeaning of Narrow Banking, Bank Run and FDIC Insurance,

ā–ŗMeaning of High Powered Money, Demand for High Powered Money, Supply of High Powered Money, Money Multiplier,

ā–ŗSimple Deposit Multiplier, Complete Deposit Multiplier,

Chapter 6 : Quantity Theory of Money

Duration of Lectures : 71 Minutes

Topics Covered

ā–ŗClassical Version of QTM,

ā–ŗCambridge Version of QTM,

ā–ŗNumericals on QTM

Chapter 7 : Inflation

Duration of Lectures : 189 Minutes

Topics Covered

ā–ŗMeaning of Inflation, Inflation Rate, Deflation, Disinflation, Stagflation, Nominal & Real Interest Rate, Fisher’s Equation,

ā–ŗCosts of Inflation,

ā–ŗCauses of Inflation, Demand Pull Inflation, Cost Push Inflation,

ā–ŗNumericals on Inflation,

Chapter 8 : Hyperinflation

Duration of Lectures : 154 Minutes

Topics Covered

ā–ŗHyperinflation Meaning, Costs of Hyperinflation, Causes of Hyperinflation,

ā–ŗClassical Dichotomy, Monetary Neutrality, Seigniorage & Nominal Money Growth,

ā–ŗTanzi Olivera Effect,

ā–ŗElements of Stabilization Policy, Benefits of Inflation

Chapter 9 : IS – LM

Duration of Lectures : 324 Minutes

Topics Covered

ā–ŗAggregate Expenditure, Elements of Aggregate Expenditure, Two Sector and Three Sector Multiplier,

ā–ŗFactors Affecting Three Sector Multiplier, Income Tax as Automatic Stabilizer, Balanced Budget Multiplier,

ā–ŗIS Curve, Derivation of IS Curve, Slope of IS Curve,

ā–ŗFactors Affecting Slope of IS Curve, Shift in the IS Curve,

ā–ŗLM Curve, Derivation of LM Curve, Slope of LM Curve,

ā–ŗFactors Affecting Slope of LM Curve, Shift in the LM Curve,

ā–ŗSimultaneous Equilibrium

Chapter 10 : Monetary & Fiscal Policy

Duration of Lectures : 249 Minutes

Topics Covered

ā–ŗMonetary Policy, Transmission mechanism, Monetary Policy Multiplier,

ā–ŗFiscal Policy, Fiscal Policy Multiplier,

ā–ŗHorizontal LM (Liquidity Trap), Vertical LM (Classical Case),

ā–ŗPolicy Mix,

ā–ŗNumericals on Fiscal & Monetary Policy

Chapter 11 : Aggregate Demand

Duration of Lectures : 163 Minutes

Topics Covered

ā–ŗAggregate Demand, Graphical & Mathematical Derivation of Aggregate Demand, Slope of Aggregate Demand,

ā–ŗFactors Affecting Slope of Aggregate Demand, Aggregate Demand in Liquidity Trap & Classical Case,

ā–ŗEffect of Fiscal Expansion on Aggregate Demand, Effect of Monetary Expansion on Aggregate Demand,

ā–ŗAggregate Supply, Keynesian Aggregate Supply, Classical Aggregate Supply,

Chapter 12 : Aggregate Supply

Duration of Lectures : 291 Minutes

Topics Covered

ā–ŗMeaning of Unemployment, Wage Determination, Efficiency Wage, Wage Setting & Price Setting Relation, Equilibrium in Labour Market,

ā–ŗNatural Rate of Unemployment,

ā–ŗDerivation of Aggregate Supply, Properties of AS Relation, Aggregate Supply Curve, Equilibrium in the Short Run,

ā–ŗEffect of Monetary Expansion & Fiscal Expansion Using IS-LM and AS-AD,

Chapter 13 : Phillips Curve & Okun’s Law

Duration of Lectures : 163 Minutes

Topics Covered

ā–ŗAggregate Demand, Graphical & Mathematical Derivation of Aggregate Demand, Slope of Aggregate Demand,

ā–ŗFactors Affecting Slope of Aggregate Demand, Aggregate Demand in Liquidity Trap & Classical Case,

ā–ŗEffect of Fiscal Expansion on Aggregate Demand, Effect of Monetary Expansion on Aggregate Demand,

ā–ŗAggregate Supply, Keynesian Aggregate Supply, Classical Aggregate Supply,

4. Financial & Capital Market

5. Economic Growth & Development

6. International Economics

Chapter 1 : Introduction

Duration of Lectures : 20 Minutes

Topics Covered

ā–ŗIntroduction of International Economics,

Chapter 2 : Ricardian Model

Duration of Lectures : 171 Minutes

Topics Covered

ā–ŗAbsolute Advantage, Comparative Advantage,

ā–ŗPPF of One Factor Economy, Trade in One Factor World, Determining Relative Price after Trade, Relative Supply, Relative Demand,

ā–ŗGains from Trade, Misconceptions about Comparative Advantage, Comparative Advantage with Many Goods,

Chapter 3 : Specific Factor Model

Duration of Lectures : 163 Minutes

Topics Covered

ā–ŗIntroduction of International Economics,

Chapter 4 : Standard Trade Model

Duration of Lectures : 132 Minutes

Topics Covered

ā–ŗAbsolute Advantage, Comparative Advantage,

ā–ŗPPF of One Factor Economy, Trade in One Factor World, Determining Relative Price after Trade, Relative Supply, Relative Demand,

ā–ŗGains from Trade, Misconceptions about Comparative Advantage, Comparative Advantage with Many Goods,

Chapter 5 : Heckscher-Ohlin Model

Duration of Lectures : 290 Minutes

Topics Covered

ā–ŗIntroduction of International Economics,

Chapter 6 : Samuelson-Stopler Theorem

Duration of Lectures : 63 Minutes

Topics Covered

ā–ŗAbsolute Advantage, Comparative Advantage,

ā–ŗPPF of One Factor Economy, Trade in One Factor World, Determining Relative Price after Trade, Relative Supply, Relative Demand,

ā–ŗGains from Trade, Misconceptions about Comparative Advantage, Comparative Advantage with Many Goods,

7. Balance of Payments

8. Global Institutions

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