Inflation Targeting | Notes for UPSC Economy | monetary policy flexible inflation target in hindi

Inflation Targeting , Notes for UPSC Economy , monetary policy flexible inflation target in hindi | An inflation rate of 6% is the appropriate upper tolerance limit for the inflation target. On the other hand, a lower bound above 2% can lead to actual inflation frequently dipping below the tolerance band. Welcome to Mahavidya economics school CONNECT WITH US WHATSAPP: http://wa.me/918595074500 APPLICATION: https://ves.courses.store/download-ap... WEBSITE: https://mahavidyaeconomicsschool.com FACEBOOK:   / mahavidyaeconomicsschool   INSTAGRAM:   / mahavidyaeconomicsschool   TWITTER :   / mahavidyaschool   TELEGRAM:https://t.me/mahavidyaeconomicsschool YOUTUBE:    / @vishnueconomicsschool      / @vishnueconomicsenglish   UGC NET ECONOMICS, ugc net 2024, ugc net, economics ugc net, ugc net economics 2023, ugc net economics classes, pgt economics, emrs pgt economics, dsssb pgt economics ,cuet pg economics , cuet exam date 2024, cuet exam 2024, cuet 20234, cuet, assistant professor economics, rpsc assistant professor economics, rpsc assistant professor economics strategy, assistant professor vacancy UNIVERSITY GRANTS COMMISSION NET BUREAU NET SYLLABUS Subject: ECONOMICS Code No.: 01 Unit-1 : Micro Economics  Theory of Consumer Behaviour  Theory of Production and Costs  Decision making under uncertainty Attitude towards Risk  Game Theory – Non Cooperative games  Market Structures, competitive and non-competitive equilibria and their efficiency properties  Factor Pricing  General Equilibrium Analysis  Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization  Welfare Economics: Fundamental Theorems , Social Welfare Function  Asymmetric Information: Adverse Selection and Moral Hazard Unit-2 : Macro Economics  National Income: Concepts and Measurement  Determination of output and employment: Classical & Keynesian Approach  Consumption Function  Investment Function  Multiplier and Accelerator  Demand for Money  Supply of Money  IS – LM Model Approach  Inflation and Phillips Curve Analysis  Business Cycles  Monetary and Fiscal Policy  Rational Expectation Hypothesis and its critique  Unit- 3 : Statistics and Econometrics  Probability Theory: Concepts of probability, Distributions, Moments, Central Limit theorem  Descriptive Statistics – Measures of Central tendency & dispersions, Correlation, Index Numbers  Sampling methods & Sampling Distribution International Trade: Basic concepts and analytical tools  Theories of International Trade  International Trade under imperfect competition  Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms  Exchange Rate: Concepts and Theories  Foreign Exchange Market and Arbitrage  Gains from Trade, Terms of Trade, Trade Multiplier 2  Tariff and Non-Tariff barriers to trade; Dumping  GATT, WTO and Regional Trade Blocks; Trade Policy Issues  IMF & World Bank Unit-6 : Public Economics  Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality  Regulation of Market – Collusion and Consumers’ Welfare  Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation  Public expenditure  Public Debt and its management  Public Budget and Budget Multiplier  Fiscal Policy and its implications Unit-7 : Money and Banking  Components of Money Supply  Central Bank  Commercial Banking  Instruments and Working of Monetary Policy  Non-banking Financial Institutions  Capital Market and its Regulation Unit-8 : Growth and Development Economics  Economic Growth and Economic Development  Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach.  Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor  Technical progress – Disembodied & embodied; endogenous growth  Indicators of Economic Development: PQLI, HDI, SDGs  Poverty and Inequalities – Concepts and Measurement  Social Sector Development: Health, Education, Gender 3 Unit-9 : Environmental Economics and Demography  Environment as a Public Good  Market Failure  Coase Theorem  Cost-Benefit Analysis and Compensation Criteria  Valuation of Environmental Goods  Theories of Population  Concepts and Measures: Fertility, Morbidity, Mortality  Age Structure, Demographic Dividend  Life Table  Migration Unit-10 : Indian Economy  Economic Growth in India: Pattern and Structure  Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses  Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses  Services: Pattern & Structure of Growth, Major Challenges, Policy Responses 