RET Syllabus for Ph.D. Admission in Economics, 2026

• Microeconomic Theory: Theory of Consumer Behavior, Theory of Firm, Analysis of Market Structure, Theory of Distribution, General Equilibrium, Welfare Economics, Asymmetric Information, Public Goods and Externalities;
• Macroeconomic Theory: National Income Accounting, Aggregate Demand-Simple Keynesian Model, IS-LM Model, Interaction Between Aggregate Demand & Aggregate Supply- Short-run & Long-run Equilibrium, Rational Expectation, Classical Full Employment Model- Determination of Real Wage, Interest Rate & Price Level, Real Business Cycle, Demand for Money, Supply of Money, Consumption Function, Investment Function, Inflation, Growth, Open-economy Macroeconomics;
• Econometrics: Classical Linear Regression Model (both 2-variable & k-variable cases)- Estimation, Hypothesis Testing, Problems of Heteroskedasticity, Autocorrelation and Multicollinearity, Time Series Econometric Model, Panel Data Econometric Model;
• Mathematical Economics: Optimization in Economics (Static & Dynamic), System of Simultaneous Equations and Cramer’s Rule, Input-Output Analysis, Linear Programming, Elements of Game Theory;
• Development Economics: Problems of transitional developing economies under globalisation
• Indian Economics: Indian economic problems during pre- and post-reform period.