What impact do geographical factors have on economic development?

Discuss the relationship between income inequality and economic growth.

 Explain the various approaches to measurement of total factor productivity?

Discuss the important features of labour market in developing countries

 Distinguish between economic growth and development. Examine the benefits that economic growth confers upon society.

Why does diminishing returns to capital not take place in the AK growth model? Analyse the Lucas model of endogenous growth, bringing out the role of human capital.

Explain how the Solow model differs from the Harrod-Domar model. Which of the two do you think is more relevant in describing the development process of developing nations?

What is 'deficit financing'? Explain how is it met?

Distinguish between collective decision making and individual decision making? Explain with examples how individual decision making is a case of general equilibrium?

 How does quantity of public goods and its distribution to the consumers is determined? Explain the Samuelson's pure theory of public expenditure in this regard.

What is market failure? What kinds of state intervention are required to address the problem of externality and imperfect information?

 What do you mean by the term "stabilization"? Explain the role of various instruments of fiscal policy to achieve the objectives of low unemployment and price stability?

 Distinguish between equity and equality? Critically examine the Rawal's theory and Nosick's theory of justice in this regard.

Swaps

 Efficient Market Hypothesis

 Instruments of Monetary policy

Call option and Put option

A bond with a face value of ₹ 5,000 matures at the end of 5 years, the rate of interest on the bond being 15% p.a. paid annually. Find the value of the bond to yield a return of 10% p.a. Further, if the bond is trading at 6,000, then is it worth buying it? Assume that the bond will be redeemed at par.

How are bonds valued?

 What is yield to maturity? How do we calculate the expected stream of cash flows arising from bonds?