M.Sc Agricultural Economics

THEORY:
Concept of demand and supply and their elasticity’s. Theories of consumer’s behaviour,
coordinal utility and analysis, indifference curve analysis, price income and substitution
effects, consumer’s surplus. Theories of price and output determination-profit
maximization and the marginal principle, pricing under perfect competition, simple and
disseminating monopoly and monopolistic competition. Theories of distribution, rent
wages interest and profits.
Nation income and social accounting, classical and leveywesian theories of income,
Employment and output, Consumption function and multipliers theories, Business cycle
theories and models of economic growth and development, Theory of inflation monetary
and fiscal policies, International trade and balance of payment.