Evolution of Mathematical Economics

Types of Mathematical Economics - Leon Walras - Wassily Leontief - John Von Neumann and Oscar Morgenstern - John R. Hicks - Linear Programming.

Reading List

·        Brue, Stanley L. & Grant, Randy R. (2013). The Evolution of Economic Thought. South-Western Cengage Learning, USA.

·        Dasgupta, A.K.L. (1985). Epochs of Economic Theory. Oxford University Press, New Delhi.

·        Ghosh, B.N. (2010). Concise History of Economic Thought. Himalaya Publishing House.

·        Gill, Richard (1972). Evolution of Modern Economics. Prentice Hall of India.

·        Morgan M. S. (1990). A History of Economic Ideas. Cambridge University Press, U.K.

Keynesianism

Principle of Effective demand, consumption function, multiplier, investment function, liquidity preference theory of interest, role of fiscal policy, uncertainty and role of expectations.

Reading List

·        Brue, S. L. & Grant, R.R.(2013). The Evolution of Economic Thought. South-Western Cengage Learning, USA.

·        Sharma, Soumitra (1998). John Maynard Keynes: Keynesianism into the Twenty-First Century. Edward Elgar.

·        Turgeon, L. (1997). Bastard Keynesianism: The Evolution of Economic Thinking and Policy-Making Since World War – II. Praeger Publishers, USA.

Post Keynesian Developments

Hayek - Supply side economics: Arthur Laffer, Evans Monetarism: Milton Friedman, Don Patinkin, Robert Lucas, Sargent and Wallace.

Reading List

·        Canto, V.A., Joines, D. H. & Laffer, A. B. (1983). Foundations of Supply-Side Economics: Theory and Evidence. Academic Press, London.

·        Desai, M. (2013). Testing Monetarism. Bloomsbury Publishing, London.

·        King, J.E. (2002). A History of Post Keynesian Economics Since 1936. Edward Elgar.

·        Lavoie, M. (2014). Post-Keynesian Economics: New Foundations. Edward Elgar. 

Theories of Economic Growth and Development

Sir Roy F. Harrod and Evsey Domar - Robert M. Solow - Joseph Alois Schumpeter – Ragnar Nurkse - W. Arthur Lewis - Thoeodore W. Schultz.

Reading List

·        Brinner, Y.S. (2013). Theories of Economic Development and Growth. Routledge.

·        Gill, Richard (1972). Evolution of Modern Economics. Prentice Hall of India.

·        Screpanti, E. & Zamagni, S. (2005). An Outline of the History of Economic Thought (Translated by David Field and Lynn Kirby). Oxford University Press.