ba eco omics

32 Pages·2009·0.24 MB·English

B.A.
ECO(cid:10)OMICS

I) The students offering Economics as special subjects will study following papers.

Paper-Titles Credits Teaching Marks Code
Hours

B.A - I 1) Indian Economy 8 120 100 4106/7106

2) Money & Banking and
Public Finance 8 120 100 4206

B.A – II 1) Micro Economics 8 120 100 4306/7206

2) Economics of Development 8 120 100 4406
and Environmental Issues

Optional Group (Select any one paper)

A) Agricultural Economics 8 120 100 6106 A
B) Industrial Economics 8 120 100 6106 B
C) Economics of Social Sector 8 120 100 6106 C
D) Mathematical Economics 8 120 100 6106 D

B.A - III 1) Macro Economics 8 120 100 4506
2) International economics 8 120 100 4606
3) Quantitative techniques 8 120 100 4706
4) History of economic thoght 8 120 100 4806

Optional Group (Select any one paper)

A) Banking & Financial Institutes 8 120 100 6206 A
B) Regional Economics 8 120 100 6206 B
C) Demography 8 120 100 6206 C
D) Econometrics Methods 8 120 100 6206 D
E) Computer & its Applications 8 120 100 6206 E

2) The Students who have taken Economics with Combined Applied Component
(C.AP.C.) will have to study following papers in Economics per semester.

Paper-Titles Credits Teaching Marks Code
Hours
No

B.A - I 1) Indian Economy 8 120 100 4106/7106

2) Money & Banking and Public
1 | Page
Finance 8 120 100 4206

B.A – II 1) Micro Economics 8 120 100 4306/7206

2) Economics of Development 8 120 100 4406
and Environmental Issues

B.A - III 1) Macro Economics 8 120 100 4506
2) International economics 8 120 100 4606
3) Quantitative techniques 8 120 100 4706
4) History of Economic Thought 8 120 100 4806

3) The students offering Economics with Vocational Courses will study following papers
of Economics per semester.

Paper-Titles Credits Teaching Marks
Hours

B.A - I 1) Indian Economy 8 120 100 4106/7106
2)
Money & Banking and Public
Finance 8 120 100 4206

B.A – II 1) Micro Economics 8 120 100 4306/7206

2) Economics of Development 8 120 100 4406
and Environmental Issues

B.A - III 1) Macro Economics 8 120 100 4506
2) International economics 8 120 100 4606
3) Quantitative techniques 8 120 100 4706
OR
4) History of Economic Thought 8 120 100 4806
OR
Any one from optional Group 8 120 100

Optional Group (Select any one paper)

A) Banking & Financial Institutes 8 120 100 6206 A
B) Regional Economics 8 120 100 6206 B
C) Demography 8 120 100 6206 C
D) Econometrics Methods 8 120 100 6206 D
E) Computer & its Applications 8 120 100 6206 E
2 | Page
ECO(cid:10)OMICS

Module: Indian Economy: (Compulsory) 4106 / 7106
[Credit: 8 / Teaching Hours: 120]

Preamble:

The purpose of this paper is to enable the students to have an understanding of various issues
in Indian Economy.

U(cid:10)IT: I Introduction [Credit: 1 / Teaching hours: 15]
(For Self Study – One project should be submitted)

a) Pre-British Period: Indian Economy in the Pre-British Period – Structure & organization of
villages, towns, industries & handicrafts.

b) Indian Economy in the British Period – over all changes in the economic activities due to
British rule, economic consequences of British rule, overall impact, colonial exploitation,
forms & consequences, Case for protection of Indian industries; The theory of drains, its pros
& cons.

c) Indian Economy at the time of independence: colonial economy, semi feudal economy,
backward economy, and other salient future.

d) Planning exercises in India: National Planning Committee, Bombay Plan, People Plan,
Gandhian Plan, The Planning Commission.

U(cid:10)IT: II Structure of Indian Economy [Credit: 1/ Teaching hours: 15]

Basic features: Natural resources – Land, Water & Forest resources, Broad demographic
features: population size & growth rates, Sex composition, Rural & urban migration,
Occupational distribution (latest census), Problems of over populations, Population policy
(latest policy); Infrastructural development; National Income (only concept).

U(cid:10)IT: III Planning in India [Credit: 1/ Teaching hours: 15]

Need for planning; Types of planning –Democratic, decentralized, & indicative planning,
micro level planning; Review of Indian Planning: Objectives, strategies, broad achievements
& failures, Current five year plan: Objectives allocation & targets; New economic reforms –
Liberalization,
Privatization, & globalization, Rationalization behind economic reforms, Progress of
privatization & globalization

U(cid:10)IT: IV Important areas of concerns [Credit: 1/ Teaching hours: 15]

Poverty & inequality, Unemployment, rising prices, industrial relations.

3 | Page
U(cid:10)IT: V Agriculture [Credit: 1.5 / Teaching hours: 22]

Nature & Importance; Trends in agricultural production & productivity; factors determining
productivity; Land reforms; New agricultural strategy & green revolution; Rural credit;
Agricultural marketing.

U(cid:10)IT: VI Industry [Credit: 1.5 / Teaching hours: 22]

Industrial development during the planning period; Review of industrial policies: 1948, 1956,
1977, 1991; industrial licensing policy- MRTP Act, FEMA & FERA; Growth & problems of
Small-scale industries; Role of public sector enterprises in India’s industrialization.

U(cid:10)IT: VII External Sector [Credit: 0.5 / Teaching hours: 8]

Role of foreign trade; Trends in exports & imports; Composition & direction of India’s
foreign trade; Balance of payments crises & New Economic Reforms- Export measures &
new trade policies; foreign capital-FDI, aid; Multi-National Corporations (MNCs)

U(cid:10)IT: VIII Transport & Communication [Credit: 0.5 / Teaching hours: 8]

Mode of Transport & transport System in India with their problems & strategies;
Communication: Internal & external with problems & strategies.

[# Marks for each credit within the range of 12 to 14]

BOOKS:

• Datt & Sundaram,(2001), Indian Economy, S. Chand & Co Ltd. New Delhi.
• Misra S.K. & Puri V.K.,(2001), Indian Economy- its Development & Experience,
Himalaya Publishing House Mumbai.
• Govt. of India , Economic Survey (Annual), Economic Division, Ministry of Finance,
New Delhi.
• Datt. R.(Ed) (2001), Second Generation Economic Reforms in India, Deep & Deep
Publications, New Delhi.

4 | Page
Money, Banking and Public Finance (Compulsory) 4206 [Credit: 8 / Teaching
Hours: 120]

Preamble

A clear understanding of the operations of money & banking & their interaction with the rest of
the economy is essential to realize how monetary forces operate through the multitude of
channels – market, non-market, institutions, and among others, with special reference to India.

Unit :I Value of Money & Inflation [Credit: 2 / Teaching Hours: 30]

a) Basic concepts: Money-meaning, functions, & classifications; Gresham’s Law; Role of
money in capitalist, Socialist, & mixed economies; Monetary standards-metallic & paper
systems of note issue.
b) Quantity theory of money- Cash transactions & cash balance approaches; The Keynsian
approach; inflation, deflation, & reflation; Causes of inflation & effects on different sectors
of economy; Demand pull & cost push inflation; Measures to control inflation; Trade-off
between inflation & unemployment. Index No.- types, construction, uses & limitations.

Unit :I1 Commercial Banking [Credit: 1 / Teaching Hours: 15]

Meaning & types; Functions of commercial banks; Process of credit creation; purpose &
limitations of credit creation; Liabilities & assets of banks; Liquidity & profitability
relationship;
Evolution of commercial banking in India: after independence; Critical appraisal of the
progress of commercial banking after nationalization; recent reforms in banking sector in India.

Unit : I1I Central Banking [Credit:1 / Teaching Hours:15]

Functions of central bank, Quantitative & qualitative methods of credit control, and their
impact on economy; Role & functions of R.B.I.; Objectives & limitations of monetary policy
with reference to India

Unit: IV (cid:10)ature & scope of Public Finance [Credit: 0.5 / Teaching hours: 7]

Meaning & scope of public finance; Distinction between public & private finance; public goods
vs. private goods; The principle of maximum social advantage; Market failure; Role of the
government.

Unit: V Public Expenditure. [Credit: 0.5 / Teaching hours: 7]

Meaning, classification & principle of public expenditure; Canons & effects of public
expenditure; Trends in public expenditure & causes of growth of public expenditure in India.

U(cid:10)IT: VI Taxation. [Credit: 1.5 / Teaching hours: 23]

Sources of public revenue; Taxation – meaning, canons & classification of taxes; Division of
tax burden – the benefit & ability to pay approaches; impact & incidence of taxes; Taxable
capacity; Effects of taxation; characteristics of good tax system; Major trends in tax revenue of
the Central & State governments in India.
5 | Page
U(cid:10)IT: VII Public debts & financial administration [Credit: 1.5 / Teaching hours: 23]

Sources of public borrowing; Effects of public debts; Methods of debt redemption; Growth of
India’s public debt; The public budget - kinds of budgets; Economical & functional
classification of budget; Preparation & passing budget in India; Analysis of current budget.

[# Marks for each credit within the range of 12 to 14]

BOOKS:
• Musgrave & musgrave (1976), Public Finance in Theory & Practice, Macgraw Hills, tokiyo.
• Mithani D.M.,(1998), Modern Public Finance, Himalaya Publishing House, Mumbai.
• Jha.R.(1998), Modern Public Finance, Routledge,London.

6 | Page
Micro Economics: (Compulsory) DC3 - AC2 4306/7206
[Credit: 8 / Teaching Hours: 120]

Preamble:

In this paper, student is expected to understand the behavior of an economic agent, namely, a
consumer, a producer, a factor owner, & a price fluctuation in market. The approach of this
paper is to study the behavior of a unit & analysis is generally static & in partial equilibrium
framework.
The paper deals with the nature & scope of economics, the theory of consumer behavior,
analysis of production function & equilibrium of producer, a price formation in different
markets structures, & equilibrium of the firm & industry.

U(cid:10)IT: I Introduction (self study) [Credit: 0.5 / Teaching hours: 8 (for guidance only)]

Nature & scope of economics; Methodology in economics; Choice as an economic problem;
basic postulates, role of price mechanism; Demand & supply; Basic framework- application;
Market equilibrium.

U(cid:10)IT: II Consumer behaviour [Credit: 1.5 / Teaching hours: 22]

Utility – cardinal & ordinal approaches, indifference curve, consumer’s equilibrium (Hicks &
Slustky); Giffen’s goods; compensated demand; Elasticity of demand – price, income &
cross; Consumer’s surplus; Engle’s curve.

U(cid:10)IT: III Theory of production & costs [Credit: 0.5 / Teaching hours: 8]

Production decisions; Production functions; Iso-quants, factor’s substitution; Law of variable
proportions; return to scale; Economies of scale; Different concepts of cost & their inter-
relations; Equilibrium of the firm; expansion path; empirical evidence of costs.

U(cid:10)IT: IV Market structure. [Credit: 1.5 / Teaching hours: 22]

Market forms-Perfect & imperfect markets; equilibrium of the firm; perfect competition,
monopoly & price discrimination; Measure of monopoly power; monopolistic competition;
Duopoly, oligopoly (only concept); Taxation & equilibrium of the firm. Notion of controlled
& administered prices.

U(cid:10)IT: V Factor Pricing [Credit: 1.5 / Teaching hours: 20 / Marks: 20]

Marginal productivity theory of Distribution; Theories of wage determination; wages &
collective bargaining; Wage differentials; Rent: Scarcity rent, Quasi rent, Differential rent;
Interest – Classical & Keynsian theories; Profits – Innovation, risk and uncertainty theories.

U(cid:10)IT: VI Investment Analysis [Credit: 1 / Teaching hours: 14 / Marks: 15]

Payback period – average annual rate of return, net present value, internal rate of return
criteria, price changes, risk and uncertainty, elements of social cost-benefit analysis.

U(cid:10)IT: VII Welfare Economics [Credit: 1.5 / Teaching hours: 26 / Marks 15]
7 | Page
Problems in measuring welfare; Classical welfare economics; Parreto’s criteria, value
judgement; Concept of social welfare function; Compensation principle – Kaldor, Hicks.

[# Marks for each credit within the range of 12 to 14]

BOOKS:

• Ahuja H.L., Advanced Economic Theory, S. Chand & Co, Mumbai
• Koutsavannis A.,(1990), Modern Micro-Economics, Macmillan Delhi.
• Mukarjee Mukharjee & Ghosh (2003), Micro-Economics, Prentice-Hall of India Pvt.
Ltd. New Delhi
• Varian H.R. (2000), Intermediate Micro economics: A Modern Approach. East-West
Press,
• New Delhi.

8 | Page
Economic of Development and Environmental Issues (Compulsory) 4406

[Credit: 8 / Teaching Hours: 120]

Preamble:
This paper would enable the students to know about the theories of growth & development.
Sectoral aspects of development, investment criteria, allocation of resources, international
aspects of development.

U(cid:10)IT: I Development & Economic Growth [Credit: 1 / Teaching hours: 15]

Economic growth & Development- Factors affecting economic growth –capital, labour,
technology; Technological progress –embodied & disembodied technological progress;
Learning by doing; Production function approach to the sources of growth.

U(cid:10)IT: II Theories of economic development & approaches. [Credit: 1.5 / Teaching
hours: 23]

Theories: Classical, Shumpeter, Big push, balance growth, unbalanced growth, critical
minimum effort and dualism (central theme of the theories only).

U(cid:10)IT: III Economic Development, population & institutions [Credit: 1 / Teaching
hours: 15]

Development Underdevelopment – perpetuation of underdevelopment poverty – absolute &
relative; Measuring development & development gap; Per capita income, inequality of
income & wealth; Human development index & other indices of development & quality of
life; concept of intellectual capital; food security, education, health & nutrition; Human
resource development.

U(cid:10)IT: IV Sectoral view of Development & pattern of investment. [Credit: 1.5 /
Teaching hours: 22]

A) Role of agriculture in economic development; new technology & sustainable
agriculture; Globalization & agricultural growth; Rational pattern of industrialization
in developing countries; the choice of techniques, appropriate technology &
employment; efficiency of small scale vs. large scale production; terms of trade
between agriculture & industry; infrastructure & its importance; labor markets & their
functioning in developing countries; International trade as an engine of growth; static
& dynamic gains from trade; Only for project - Post- GATT international economic
order, WTO & developing countries, IMF & World bank policies in developing
countries.
B) Need for investment criteria in LDC’s; present vs. future growth; alternative
investment criteria; cost benefit analysis.

U(cid:10)IT: V Environment & Ecology [Credit: 1.5 / Teaching hours: 22]

Environment –economy linkage; Environment as a necessity & luxury; Population-
environment linkage; Environmental use & environmental disruption as an allocation
9 | Page
problem; Market failure for environmental goods; Environment as public good; The common
problem; Property right approach to environmental problem; Valuation of environmental
damages; Land, water, air and forest.

U(cid:10)IT: VI Pollution Control [Credit: 1.5 / Teaching hours: 23]

Pollution prevention, control & abatement; Legal institutions & instruments; Command &
control vs. market based instruments; Taxes vs. permits; direct & indirect instruments of
pollution control; Pollution control system & policy in India – legislation, standards &
enforcement; Concepts & indicators of sustainable development; environmental accounting.

BOOKS:

• Kindleberger C.P.(1977) Economic Development, Macgraw Hill Newyork.
• Meier G.M. (1995), Leading issues in Economic Development, Oxford University
Press,New Delhi.
• Thirlwal A.P.(1999), Growth & Development , Macmillan, London.
• Meharotra R.A. (1998), Development with human face, Oxford University Press,
New Delhi.
• Hemple, Lamont C. (1998), Environmental Economics: The Global Challenges, First
East West Press, Edinburgh.
• Bhattacharya R.N. (Ed.) (2001) Environmental Economics: An Indian Perspective.
Oxford University Press, New delhi.
• Sengupta R.P. (Ed) (2001), Ecology & Economics: an Approch to Sustainable
Development, Oxford University Press, New delhi.

10 | Page