PGTRB Economics Syllabus 2025: Complete Guide
Unit I: Micro Economics
Explore the foundation of economic theory through consumer and producer behavior models, elasticity of demand, and theories of markets including perfect competition, monopoly, oligopoly, and game theory. Understand factor pricing, welfare economics, and the dynamics of general equilibrium.
Unit II: Macro Economics
Dive into national income accounting and employment theories from classical to post-Keynesian perspectives. Analyze investment and consumption models and macro theories of distribution by economic giants like Ricardo, Marx, and Kaldor.
Unit III: Money and Banking
Study classical and modern theories of money, inflation, business cycles, and their control. Learn about monetary policy tools, money supply components, digital money systems, and the roles of central and commercial banks.
Unit IV: International Economics
Understand global trade theories (Smith, Ricardo, Krugman), balance of payments, trade policies, and international organizations like IMF and WTO. Analyze trade blocs including EU, ASEAN, BRICS, and the role of exchange rate mechanisms.
Unit V: Public Economics
Learn taxation principles, public expenditure theories, budgeting systems, and fiscal policies. Explore federal finance issues, Finance Commission roles, and local financial management challenges.
Unit VI: Economic Growth and Development
Measure development using GDP, HDI, PQLI. Study growth models (Solow, Harrod-Domar, Mahalanobis), development strategies (balanced, unbalanced), sustainable development, and poverty and inequality indices.
Unit VII: Environmental Economics and Demography
Evaluate environmental economics concepts like market failure, Coase theorem, and cost-benefit analysis. Study population theories, demographic features, life tables, and urban migration trends.
Unit VIII: Indian Economy I
Analyze structural aspects of the Indian economy, including agriculture, industry, and services. Review reforms, land policies, food security, Start-Up India, MSMEs, disinvestment, and post-2014 economic initiatives.
Unit IX: Indian Economy II
Critically assess liberalization, privatization, and globalization. Study India’s planning history (Five Year Plans vs NITI Aayog), rural development policies, and Tamil Nadu’s economic model including the Dravidian approach.
Unit X: Quantitative Methods
Master statistics and econometrics: data collection, hypothesis testing, regression models, time series, index numbers. Cover mathematical economics including calculus, linear algebra, input-output models, and linear programming.
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