syllabus for b.a/b.a.b.ed/b.sc.dhsgsu.ac.in/download/syllabus/1 economics b.a syllabus.pdf ·...

August 08, 2019 Department of Economics, Dr. H.S. Gour Vishwavidyalaya, Sagar 1

Department of Economics

Syllabus for B.A/B.A.B.Ed/B.Sc.

Core Courses, Discipline Specific Elective Courses, Skill Enhancement Courses &

Generic Elective Course (Interdisciplinary) in Economics

(Session 2018-19)

S.No Nature of Courses Course Code Credits

1 Core Courses CC 24

2 Department Specific Elective Courses EC 12

3 Skill Enhancement Courses SE 04

4 Generic Elective Courses (Interdisciplinary) GE 12

S.

No

Course Code

/Semester

Course Title Max. Marks Distribution of

Credits

Inte

rnal

Exte

rnal

Tota

l

L T P

Tota

l

1. Semester - I

ECO-CC-111

Core Economics I:

Principles of Micro Economics-I 40 60 100 5 1 - 6

2. Semester – II

ECO-CC-211

Core Economics II:

Principles of Micro Economics-II 40 60 100 5 1 - 6

3. Semester – III

ECO-CC-311

ECO-SE-311

Core Economics III:

Principles of Macro Economics-I

Skill Enhancement Course (SEC) I

Data Analysis - I

40

40

60

60

100

100

5

2

1

-

-

-

6

2

4. Semester – IV

ECO-CC-411

ECO-SE-411

Core Economics IV:

Principles of Macro Economics-II

Skill Enhancement Course (SEC) II

Data Analysis - II

40

40

60

60

100

100

5

2

1

-

-

-

6

2

5. Semester – V

ECO-EC-511

ECO-EC-512

ECO-EC-513

Discipline Specific Elective – I

(DSE-1A) Any one of the following :

Quantitative Methods –I or

Money and Banking or

Economic Development - I

40

60

100 5 1

-

6

ECO-SE-511 Skill Enhancement Course (SEC) III

Financial Economics - I 40 60 100 2 - - 2

ECO-GE-511 Generic Elective Course (Interdisciplinary)

Indian Economy - I 40 60 100 5 1 6


6. Semester – VI

ECO-EC-611

ECO-EC-612

ECO-EC-613

Discipline Specific Elective – II

(DSE-1B)

Any one of the following :

Quantitative Methods – II or

Public Finance or

Economic Development –II

40

60 100

5

1

-

6

ECO-SE-611

Skill Enhancement Course (SEC) IV

Financial Economics – II

40 60 100 2 - - 2

ECO-GE-611

Generic Elective Course (Interdisciplinary)

Indian Economy - II 40 60 100 5 1 6

Scheme of Examination for Under Graduate Classes

(A) Mid Semester Examination 20 Marks

(B) Internal Assessment* 20 Marks

(C) End Semester Examination 60 Marks

Grand Total 100 Marks

*Assessments:

Internal Assessment: Assignment/presentation/group discussion etc. depending on the

number of students in the class and feasibility of adopting a particular methodology.

The distribution of marks for internal assessments shall be as follows:

(i) Evaluation of the assignment, presentation, group discussion etc : 15 Marks.

(ii) Attendance : 05 Marks

The marks for attendance shall be awarded as follows:

(i) 75 % and below : 00 Mark

(ii) >75 % and up to 80% : 01 Mark

(iii) >80 % and up to 85% : 02 Marks

(iv) >85 % and up to 90% : 03 Marks

(v) >90 % and up to 95% : 04 Marks

(vi) >95 % : 05 Marks


B.A. Ist

SEMESTER

PRINCIPLES OF MICRO ECONOMICS–I ECO-CC-111 Credits 6 (5+1)

PREAMBLE: This course intends to expose the student to the basic principles in Microeconomic Theory and

illustrate with applications.

Unit-1 Introduction: Meaning, Nature, Scope and technique of economics, importance of micro

economics, Central Problem of an Economy - production possibility frontier. Demand and

supply: law of demand, determinants of demand, shifts of demand versus movements along a

demand curve, market demand, law of supply, determinants of supply, shifts of supply versus

movements along a supply curve, market supply, and market equilibrium. (20

Hours)

Unit-2 Basic Concept: Applications of demand and supply: consumer surplus. Elasticity: price

elasticity of demand, determinants of price, income and cross elasticity’s, concept of utility-

cardinal and ordinal approaches, diminishing marginal utility. (16 Hours)

Unit-3 Consumer Theory: Diamond-water paradox, Giffen goods, income, price and substitution

effects; consumer choice: indifference curves, principle of marginal rate of substitution,

Budget constraint or budget line, compensated demand, derivation of demand curve from

indifference curve. (16 Hours)

Unit-4 Production and Costs: Production:, production functions, law of variable proportions, return

to scale , isoquant curve and isocost lines, cost minimizing equilibrium condition.

Theory of cost: concept of cost- explicit costs, implicit cost, accounting costs, opportunity

cost, short termed and long termed cost analysis. (18 Hours)

Unit-5 Market Structure: Meaning of market: Classification of market structure, Revenue and

Demand curve, Objective and equilibrium of the firm: a general Analysis: TR –TC Approach,

MR-MC Approach, Perfect Competition: - characteristic, assumption, equilibrium of the firm

in the short run and long run. (20 Hours)

Essential Readings: Micro Economics, M.L. Jhingan . Vrinda Publication, New Delhi.

Ahuja., H.L. (2014). Principles of Microeconomics. S. Chand & Company LTD, New Delhi

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Suggested Readings:

Koutsoyiannis, A.(1979), Modern Microeconomic (2nd Edition), Macmillan press, London

Modern Economics Theory & Policy ,K.K.Dewett S. Chand Publishers , New Delhi.

Sen., A. (1999), Microeconomic Theory and Application, Oxford University press, New Delhi.

Micro Economics, Dr.Abha Mittal, S. Chand Publication


B.A. IInd

SEMESTER

PRINCIPLES OF MICRO ECONOMICS–II

ECO-CC-211 Credits 6 (5+1)

PREAMBLE: This is a sequel to Principles of Microeconomics–I covered in the first semester. The objective of

the course is the same as in Principles of Microeconomics I.

Unit-1 Theory of a Monopoly: Concept & features of Monopoly, Concept of Revenue, Demand

and supply curve under Monopoly, short run and long run price and output decisions of a

monopoly firm; price discrimination; social cost of monopoly; remedies for monopoly,

comparison of perfect competition and monopoly. (18 Hours)

Unit-2 Monopolistic Competition: Concept & features of Monopolistic competition, SR & LR

price and output determinations under monopolistic competition, Monopolistic

Competition and Economic Efficiency, Monopolistic Competition versus perfect

competition & Monopoly ,Chamberlin’s Group Equilibrium. (17 Hours)

Unit-3 Oligopoly: Meaning, assumptions, oligopoly models- Collusive, Price leadership with

low cost firm & dominant firm, kinked demand curve. (16 Hours)

Unit-4 Consumer and Producer Theory: Externalities, marginal cost pricing, internalizing

externalities, imperfect or asymmetric information: adverse selection, moral hazard.

Markets and Market Failure: Market adjustment to changes in demand, efficiency of

perfect competition; sources of market failure: imperfect markets. (17 Hours)

Unit-5 Income Distribution and Factor pricing: Input markets: demand for inputs; labour

markets, profit maximization condition in input markets, input demand curves, distribution

of Income-, Keynsian theory of Interest, Knight & Schumpeter theory of Profit, Ricardian

theory of Rent. (20 Hours)

Essential Readings:

Micro Economics, M.L. Jhingan . Vrinda Publication, New Delhi .

Ahuja., H.L. (2014). Principles of Microeconomics. S. Chand & Company LTD, New Delhi

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Suggested Readings:

Koutsoyiannis, A.(1979), Modern Microeconomic (2nd Edition), Macmillan press, London

Modern Economics Theory & Policy ,K.K.Dewett S. Chand Publishers , New Delhi.

Sen., A. (1999), Microeconomic Theory and Application, Oxford University press, New Delhi.

Micro Economics, Dr.Abha Mittal, S. Chand Publication


B.A. IIIrd

SEMESTER

ECO-CC-311 PRINCIPLES OF MACRO ECONOMICS–I Credits 6 (5+1)

PREAMBLE: This course introduces students to the basic concepts in Macroeconomics. Macroeconomics deals with the

aggregate economy. In this course the students are introduced to the definition, measurement of the macroeconomic

variables like GDP, consumption, savings, investment and balance of payments.

UNIT-1 Macro Economics: Meaning, Definitions Scope and Limitations; Methods of Macro Economics

Analysis: Macro Statics, Macro Comparative Statics and Macro Dynamics; Classical Theory of

Employment, Say’s Law of Market, Wage Cut Approaches of Pigou, Keynesian Theory of

Employment. (18 Hours)

UNIT-2 National Income: Circular flow of Income in Two, Three and Four Sector Economy,

Concept, Definitions and Measurement of National Income, Gross Domestic Product (GDP), Net

Domestic Product (NDP), Gross National Product (GNP), Net National Product (NNP), Nominal

and Real Income; Private, Personal and Personal disposable Income, Significance and Limitations

of National Income, National Income and Economic Welfare, Social Accounting Methods.

(20 Hours) UNIT-3 Determination of Economy: Consumption Function: Meaning, Assumption, Nature and Factors

Influencing; Concepts of MPS, APS, MPC and APC, Psychological Law of Consumption;

Investment Function: Meaning and Types, Investment and Interest Rate, Marginal Efficiency of

Capital (MEC); Theory of Multiplier and Accelerator. (18 Hours)

UNIT-4 Economic Policies: Fiscal Policy: Meaning, Objectives and Instruments, Causes of the Increasing

Public Expenditure in India Monetary Policy: Meaning, Objectives and Implications in Indian

Economy. (16 Hours)

UNIT-5 Tax Structure: Meaning, Definitions, Types of Taxes; Impacts and Incidence of Taxation;

Characteristics of Good Tax System; Taxable Capacity: Recommendations of Latest Finance

Commission. Goods and Services Tax. (18 Hours)

Essential Readings:

Weintrub, E. R. (1974), General Equilibrium Theory, Macmillan, London.

Borch, K. H. (1968), the Economics of Uncertainty, Princeton University Press Princeton.

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Suggested Readings:

Case, Karl E. & Ray C. Fair, Principles of Economics, Pearson Education, Inc.,8th edition, 2007.

Sikdar, Shoumyen, Principles of Macroeconomics, 2nd Edition, Oxford University Press, India

United Nations Development Programme, Human Dev. Report 8 2010, Palgrave Macmillan (2010).

Quirk, J. and R. Saposnik (1968), Introduction to General Equilibrium Theory and Welfare Economics, McGraw

Hill, New York.


Skill Enhancement Course (SEC) I

B.A. III SEMESTER

ECO-SE-311 Data Analysis - I Credits – 2

PREAMBLE: This course is to be offered by the students in economics. In order to understand economic

problems clearly, the knowledge of quantitative techniques in the area of mathematics and statistics.

Sources of data. Population, Primary and secondary data.

Census versus Sample surveys, Random sampling.

Measures of central tendency: Mean Median and Mode.

Measures of dispersion: Range, Mean Deviation and Standard deviation.

Correlation- Karl Pearson's Coefficients of Correlation and Spearman's Rank Correlation

Coefficients.

.

(30 Hours)

Essential Readings:

Gupta, S.C.(1993), Fundamental of Applied Statistics, S. Chand & Sons, New Delhi.

Nagar, A.L. and R.K. Das (1993), Basic Statistics, Oxford University Press, New Delhi.

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Suggested Readings:

Croxton, F.E., D.J. Cowden and S. Klein (1973), Applied General Statistics, Prentice Hall, New Delhi.

Allen, R.G.D.(1974), Mathematical Analysis for Economists, Macmillan Press and ElBS, London.

Speigal, M.R. (1992), Theory and Problems of Statistics, McGraw Hill Book, London

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B.A. IVth

SEMESTER

ECO-CC-411 PRINCIPLES OF MACRO ECONOMICS–II Credits 6 (5+1)

PREAMBLE:: This is a sequel to Principles of Macroeconomics–I. It analyses various theories of determination of

National Income in greater detail. It also introduces students to concept of inflation, its relationship with

unemployment and some basic concepts in an open economy.

UNIT-1 Money in a Modern Economy: Concept, Nature, Forms and Modern Approach;, Function of

Money, Near Money, Quantity Theory of Money; Fisher’s Approach; Cambridge or Cash

Balance Approach: Equations of the Marshall, Robertson, Pigou, Keynes. (18 Hours)

UNIT-2 Theory of Interest Rate: Meaning, and Types of Interest Rate; Marginal Productivity Theory of

Interest; Waiting Theory of Interest; Time Preference Theory of Interest; Classical Theory of

Interest; Loan-able Fund Theory of Interest; Liquidity Preference Theory of Interest; Modern

Theory of Interest: Derivations of the IS and LM Functions. (18 Hours)

UNIT-3 Inflation and Unemployment: Inflation: Meaning, Definitions, Types, Stages, Causes and

Effects; Disinflation, Inflation and Economic Growth; How to Check Inflation; Relationship

between Inflation and Unemployment, Phillips Curve: Meaning, Definitions, Causes,

Consequences, Effects and Measures. (18 Hours)

UNIT-4 Supply of Money and Creation of Credits: Various Concepts of Money Supply; Measures of

Money Supply; Money Supply and the Velocity of Money; Factors Affecting Velocity of

Circulation; Determination of Money Supply; Model of Money Supply; High Powered Money;

Creation of Credits. (15 Hours)

UNIT-5 Balance of Payments: Meaning and Structure of Balance of Payments: Current, Capital Account,

Office Reserve Account and Errors and Omissions; Balance of Payments Always Balance, Is

Current Account Deficit Always Bad? Disequilibrium in Balance of Payments: Causes and

Methods of Correcting, Meaning of Rate of Exchange, Meaning and Functions of Market for

Foreign Exchange; Determination of Equilibrium Rate of Exchange. (18 Hours)

Essential Readings:

Weintrub, E. R. (1974), General Equilibrium Theory, Macmillan, London.

Borch, K. H. (1968), The Economics of Uncertainty, Princeton University Press Princeton.

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Suggested Readings:

Case, Karl E. & Ray C. Fair, Principles of Economics, Pearson Education, Inc.,8th edition, 2007.

Sikdar, Shoumyen, Principles of Macroeconomics, 2nd Edition, Oxford University Press, India

United Nations Development Programme, Human Dev. Report 8 2010, Palgrave Macmillan (2010).

Quirk, J. and R. Saposnik (1968), Introduction to General Equilibrium Theory and Welfare Economics, McGraw

Hill, New York.


Skill Enhancement Course (SEC) II

B.A. IV

SEMESTER

ECO- SE -411 Data Analysis - II Credits – 2



Introduction to probability theory- Concept, Rules of probability (Addition and Multiplication).

Association of Attributes: Meaning, Characteristics and Yule’s coefficient of association

Basics of index numbers: - Concept, characteristics, utility and importance. Points to remember

while constructing index numbers, limitations of index number, price and Quantity index numbers.

(30 Hours)

Essential Readings:

Gupta, S.C. (1993), Fundamental of Applied Statistics, S. Chand & Sons, New Delhi.





Suggested Readings:








B.A. Vth

SEMESTER

ECO-EC-511 QUANTITATIVE METHODS-I Credits 6 (5+1)



Unit-1 Introduction to Statistics: Definitions, Scope, Nature, Functions, Importance and

Limitations of Statistics, Primary and Secondary Data, Methods of Collecting Primary Data,

Sources of Secondary Data, Schedule and Questionnaire, Census and Sample Investigation:

Meaning Objective and Methods of Sampling, Diagrammatic and Graphic Presentation of

Data. (18 Hours)

Unit-2 Central Tendency and Dispersion - Measures of Central Tendency; Mean, Median, Mode;

Measures of dispersion: Range, Inter Quartile Range, Quartile Deviation, Mean Deviation,

Standard deviation, Coefficient of Variation. (18 Hours)

Unit-3 Correlation and Regression - Correlation; Definition, Types Degree, and Coefficient of

correlation — Karl Pearson and Rank Correlation methods, Regression analysis – kinds,

regression lines, regression equations, Least squares method. (18 Hours)

Unit-4 Time Series; Concept and components- secular trend, seasonal, cyclical and random

variations. Importance of time series, measurement of long-term trend – free-hand curve,

semi-average, moving average and least squares methods. (18 Hours)

Unit-5 Index Numbers - Concept, characteristics, utility and importance. Points to remember while

constructing index numbers, limitations of index number. Family budget and aggregative

expenditure method. Fisher’s ideal index number. (18 Hours)

Essential Readings:






Suggested Readings:









B.A. Vth

SEMESTER

ECO- EC -512 MONEY AND BANKING Credits 6 (5+1)

Description: This course exposes student to the theory and functioning of the monetary and financial sector of

the economy. it highlights the organization, structure and role of financial markets and institutions. it also

discusses interest rates, monetary management and instruments of monetary control. Financial and banking sector

reforms and monetary policy with special reference to India are also covered.

UNIT-1 Money: Meaning, Definition and Functions of Money, Primary and Secondary Functions,

Classification and Importance of Money; Money Supply Determination (M1, M2, M3,M4 ); Evils of

Money; Gresham’s Law; Money Standards : Metallic and Paper System of Note Issue. (18 Hours)

UNIT-2 Value of Money and Inflation: Uses and limitations of Index Numbers; Quantity Theory of Money:

Inflation: Meaning, Stages, Causes, Effects and Remedies of Inflations, Inflation and Economic

Growth, Demand-Pull and Cost-Push Inflation, Measures to Control Inflation. (18 Hours)

UNIT-3 Banking System: Meaning, Definition, Importance and Types of Bank; Characteristics of Good

Banking System; Commercial Bank: Functions of Commercial Bank, Significance of Credits

Creation by Bank, Credits Creation and Multiplier, Limitations of Credits Creation. (16 Hours)

UNIT-4 Central Banking: Meaning, Definition and Functions of Central Bank, Credits Control: Objectives,

Methods and Difficulties of Credits Control; Difference Between Commercial Bank and Central

Bank; Role of Central Bank in Economic Development; Reforms of Banking System and Cheap

Money Policy. (18 Hours)

UNIT-5 Financial Markets in India: Meaning of Interest, Causes of Difference in the Rate of Interest;

Theory of Interest: Marginal Productivity Theory, Abstinence Theory and the Preference.

Money Market: Meaning, Features and Instruments of Money Market, Characteristics of a

Developed Money Market, Defects of Indian Money Market; Capital Market: Meaning and

Instruments. (20 Hours)

Essential Readings:

Sanjay M. Dandade, Money Banking & Economic Reforms, Chandralok Prakasan, Kanpur.

Suraj B.Gupta , Monetary Economics: ( Institutional, Theory and Policy), S. Chand Publishers , New

Delhi.

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Ankit Khanna , Money Banking and Public Finance, Omega Publications,2013

Mithani, D.M., Money, Banking, International Trade & Public Finance, Himalaya publication House

pvt.Ltd,2014

Girish K. Rana ,Financial Institutions and Markets, Horizon Press, 2014



B.A. Vth

SEMESTER

ECO- EC -513 ECONOMIC DEVELOPMENT - I Credits 6 (5+1)

PREAMBLE: This course reviews major trends in aggregate economic indicators in India and places these

against the backdrop of major policy debates in India in the post – Independence period.

UNIT-1 Growth and Development: Concepts of Economic Growth and Economic Development,

Measurement of Economic Development: Gross National Product, Per Capita Income, Economic

Welfare, Basic Needs Indicators, Physical Quality Life Index (PQLI), Human Development Index

(HDI). Meaning and Characteristics of an Underdevelopment Country. (19 Hours)

UNIT-2 Classical Theory of Development: Adam Smith Theory: Natural Law, Division of Labour, Process

of Capital Accumulation, Agents of Growth, Process of Growth and Stationary State; Karl Marx

Theory -Surplus Value, Capital Accumulation and Capitalist Crisis; Recardian Theory-

Assumptions, Process of Capital Accumulation and Stationary State. (17 Hours)

UNIT-3 Growth Models: Rostow Stages of Economic Growth Theory-:The Traditional Society, Pre-

Conditions for Take-off, Take–off Stage, Drive to Maturity, and Stage of High Mass

Consumption; Myrdal Theory - Circular Causation; Schumpeterian Theory - Introduction, Main

Elements, and Criticisms of Theory. (19 Hours)

UNIT-4 Human Capital: Human Capital Formation-Meaning, Definitions, Essential Elements, Importance,

Scope and Limitations. Effect of Population on Economic Development, Effect of Economic

Development on Population, Human Resources in India: Problems and Suggestions. (17 Hours)

UNIT-5 Issues in Indian Developments: Poverty- Meaning, Causes, Suggestions and Government

Program of Poverty; Disguised Unemployment, Employment Schemes and Their Impact;

Urbanization- Meaning, Characteristics and Problems in India. (18 Hours)

Essential Readings:

Mehrotra, S. and J. Richard (1998), Development with a Human Face; Oxford University Press, New Delhi.

झिगन एम एऱ विकास का अरथशासतर एि आयोजन ि दा पबलऱकशन परा. लऱलमटड नई ददलऱी. लसनहा वी. सी. आररथक ि वि एि विकस ि दा पबलऱकशन परा. लऱलमटड मरठ.

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Suggested Readings:

Michael P Todaro and Stephen Smith. Economic Development, Pearson, 11th edition (2011).

Uma Kapila, Indian Economy since Independence, Academic Foundation, 19th edition (2009).

United Nations Development Programme, Human Development Report 8 2010, Palgrave Macmillan (2010).

Chenery, H.and T.N. Srinivasan (Eds.) (1989), Handbook of Development Economics, Vols. 1&2, Elsevier,

Amsterdam.

Barrow, R. and X. Sela-I, Martin, Economic Growth, McGraw Hill, New York.

Solow, R.M. (2000), Growth Theory : An Exposition, Oxford University Press, Oxford.

Meier, G.M. and D. Seers (Eds.) (1987), Pioneers in Development, Oxford University Press, New York.


Skill Enhancement Course (SEC) III

B.A. V

SEMESTER

ECO- SE -511 Financial Economics - I Credits – 2

Description: This course exposes student to the theory and functioning of the monetary and financial sector of

the economy. it highlights the organization, structure and role of financial markets and institutions. Financial and

banking sector reforms and monetary policy with special reference to India are also covered.

Money: Meaning, Definition and Functions of Money, Primary and Secondary Functions,

Classification and Importance of Money; Money Supply Determination (M1, M2, M3,M4 );

Gresham’s Law.

Value of Money and Inflation: Uses and limitations of Index Numbers; Quantity Theory of

Money: Inflation: Meaning, Stages, Causes and Effects of Inflations, Inflation and Economic

Growth, Deflation and Reflation. (30 Hours)

Essential Readings:



pvt.Ltd,2014


Suraj B.Gupta , Monetary Economics: ( Institutional, Theory and Policy), S. Chand Publishers , New Delhi.



Suggested Readings:

David G. Luenberger, Investment Science, Oxford University Press, USA, 1997.

Richard A. Brealey and Stewart C. Myers, Principles of Corporate Finance, McGraw-

Hill, 7th edition, 2002.

Burton G. Malkiel, A Random Walk Down Wall Street, W.W. Norton & Company, 2003.

Simon Benninga, Financial Modeling, MIT Press, USA, 1997. Girish K. Rana ,Financial Institutions and Markets, Horizon Press, 2014

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B.A. V

SEMESTER

ECO-GE-511 INDIAN ECONOMY - I Credits 6 (5+1)

PREAMBLE: The paper is on overall social, political and economic environment influencing policy decisions.

To develop all these themes, the course is divided into specific modules.

UNIT- 1 Indian Economy on The Eve of Independence- Agriculture, Industries, Infrastructure,

Colonial Economy, Semi-Feudal Economy, Backward Economy, Stagnant Economy.

(16 Hours)

UNIT - 2

Structure and basic feature of Indian Economy, Developed and Less developed Economy:

Meaning and concept. Comparison of Indian Economy with Developed country: Population,

Per capita income, Human Development Index (HDI), Gender Development Index (GDI).

(19 Hours)

UNIT - 3

Demographic Feature (As per census 2011): Size and Growth of Population, Sex Ratio of

Population, Urban and Rural Distribution, Literacy Ratio, Life Expectancy, Birth Rate and

Death Rate, Population Distribution, Occupational Distribution of Population. (18 Hours)

UNIT - 4

Role of Agriculture in Indian Economy, Land Reform: Meaning, Importance, Causes of low

productivity, Green Revolution: Achievements & Failures, Sources of Agriculture Finance,

Agriculture and Economic Development (18 Hours)

UNIT - 5

Importance of Industrialization, Structure of Indian Industry- Role of Cottage, Small Scale

and Large Scale Industries in India’s development, Industrial Policy- 1948,1956 & New

Industrial Policy 1991, MNCs- Meaning and Features, Difference between Public Sector and

Private Sector. (19 Hours)

Essential Readings:

Dantwala, M.L. (1996), Dilemmas of Growth: The Indian Experience, Sage Publications, New Delhi.

Datt, R. (Ed.) (2001), Second Generation Economic Reforms in India, Deep & Deep Publications, New Delhi. Brahmananda, P.R. and V.R.Panchmukhi (Eds.) (2001), Development Experience in the Indian Economy:

Inter-State Perspectives, Bookwell, Delhi.

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vkj- ,l- dqyJs"B] vkS|kksfxd vFkZ’kkL=] lkfgR; Hkou ifCyds’kUl] vkxjkA

Suggested Readings:

Bardhan, P.K. (9th ed.) (1999), the Political Economy of Development in India, Oxford Uni. Press, New

Delhi.

Bawa, R.S. and P.S.Raikhy(1997), Structural Changes in Indian Economy, Guru Nanak Dev Uni. Press

Amritsar.

Ahluwalia, I.J. and I.M.D. Little (Eds.) (1999), India’s Economic Reforms and Development (Essay in honor

of Manmohan Singh), Oxford University Press, New Delhi.



B.A. VIth

SEMESTER

ECO- EC -611 QUANTITATIVE METHODS-II Credits 6 (5+1)



UNIT-1 Basic Concepts: Variables, Sets, Functions, Factors- Quadratic Factors and Trinomial

Factors, Rules of factors Equations, Identities, Linear Equation, Quadratic Equation and

Cubic Equation, (18 Hours)

UNIT -2 Function: Different Kinds of Function, Differential Calculus - Differentiation of a

Function; Maxima and Minima, Use of Differentiation in Economics - Total, Marginal and

Average Cost and Revenues. (18 Hours)

UNIT -3 Matrix - Definition, Arrangement, Law, Types of matrices, Determinants of Matrix,

Addition, Subtract and Multiplication of Matrix, Inverse of a Matrix, Solution by Equation

with Matrix, Use of Matrix in Economics. (18 Hours)

UNIT -4 Simultaneous Equations, Use of Equation in Economics; Determinants: Concept and

Properties of Determinant, Multiplication of Two Determinants, Crammer’s rule. Use of

determinants in Economics (18 Hours)

UNIT -5 Probability - Probability: Concept, meaning and definition, Mathematical definition,

Rules of probability (Addition and Multiplication); Conditional Probability. Permutation

and Combination .Use of Permutation and combination in probability. (18 Hours)

Essential Readings:






Suggested Readings:









B.A. VIth

SEMESTER

ECO- EC -612 PUBLIC FINANCE Credits 6 (5+1)

PREAMBLE: This course is non-technical overview of government finances with special reference to India. It

will look into the efficiency and equity aspects of taxation of the centre, states and the local governments and the

issues of fiscal federalism and decentralization in India. The course will be useful for students aiming towards

careers in the government sector, policy analysis, business and journalism.

UNIT -1 Introduction: Meaning and Scope of Public Finance; Difference Between Public Finance and

Private Finance; Public, Private and Merits Goods; Public Sector and Private Sector: Meaning,

Objectives, Characteristics, Advantage- disadvantage. (17 Hours)

UNIT -2 Public Expenditure: Meaning, Classification and Canons of Public Expenditure; Theory of

Maximum Social Advantage; Difference Between Public Expenditure and Private Expenditure;

Importance of Public Expenditure in Modern time; Control of Public Expenditure; Growth of

Public Expenditure and its Causes. (15 Hours)

UNIT -3 Public Revenue and Taxation: Meaning, Classification, Sources and Canons of Public Revenue,

Tax Revenue and Non-Tax Revenue; Definition, Objectives and Characteristics, Types of

Taxation; Classification of Taxes; Characteristics of Good Tax System; Impact and Incidence of

Taxation; Capacity Meaning, Importance and Factor Determining Taxable Capacity. (20 Hours)

UNIT -4 Public Debt: Concept and Classification of Public Debt; Difference Between Public and Private

Debt; Public Debt Vs Taxation; Objectives, Importance and Limitation of Public Debt; Methods

of Debt Redemption; Fiscal Policy: Meaning and Objectives of Fiscal Policy. Deficit Financing. (18 Hours)

UNIT -5 Financial Administration and Fiscal Federalism in India: Budget: Meaning, Elements and

Objectives of Budget; Types of Budget: Zero Based Budget, Gender Budget, Performing Budget;

Central-State Finance Relations; 14th

Finance Commission; Black Money in India; Meaning,

Causes and Effects; Demonetization in India. (20 Hours)

Essential Readings:

Bhargava, P.K. (1991), India's Fiscal Crisis, Ashish Publishing House, New Delhi.

Datt, R.(Ed.) (2001), Second Generation Economic Reforms in India, Deep & Deep Pub., New Delhi

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Suggested Readings:

Jha, R. (1998), Modern Public Economics, Routledge, London.

Mundle, S. (1999), Public Finance Policy : Issues for India, Oxford University Press, New Delhi

Friedman, A. (1986), Welfare Economics and Social Choice Theory, Martins Nijhoff, Boston.

Peacock, A. and G.K. Shaw (1976), The Economic Theory of Fiscal Policy, George Allen and Unwin,

London.



B.A. VIth

SEMESTER

ECO- EC -613 ECONOMIC DEVELOPMENT - II Credits 6 (5+1)

PREAMBLE: This course reviews major trends in aggregate economic indicators in India and places these

against the backdrop of major policy debates in India in the post – Independence period.

UNIT-1 Growth Strategies: Concepts of Balance and Unbalance Growth; Regnar Nurkse Theory

of Balance Growth; Rosenstein- Rodans Big Push Theory - Assumptions, Main Elements

and Criticisms. Hirschman Theory of Unbalance Growth. (20 Hours)

UNIT-2 Capital Formation: Saving- Meaning, Sources and Problems, Capital Formation -

Meaning, Importance, and Stages, Gross and Net Capital Formation, , Problems of Capital

Formation In Under-Development Countries, Suggestions for Capital Formation in Under-

Development Countries, Capital-Output Ratio- Meaning, Forms Importance, Factors

Affecting and Limitations. (18 Hours)

UNIT-3 Foreign Collaboration :Foreign Aid- Meaning, Features, Need and Importance, Problems

and Dangers of Foreign Aid, Foreign Capital-Meaning , Sources, Meaning, Roll and

Challenges of Foreign Direct Investment; Multination Corporation in Indian Economy,

World Trade Organization: Meaning, Objects and Function. (17 Hours)

UNIT-4 International Trade: Favorable Effects of International Trade on Economic

Development, International Trade and Backwash Effect, Importance of Terms of Trade in

the Development of Growth, Suggestions for Stable Terms of Trade. (17 Hours)

UNIT-5 Planning and Development: Economic Planning: Meaning, Objects and Types,

Implementation of Latest Five Year Plan in India; Manpower Planning: Need, Importance

and Different Aspects- Man Power Shortages, Man Power Surpluses, Strategy for Man

Power, Estimating Manpower, Requirements-productivity Criterion, Tinbergen-Correa

Model. (18 Hours)

Essential Readings:

Mehrotra, S. and J. Richard (1998), Development with a Human Face; Oxford University Press, New Delhi.

झिगन एम एऱ विकास का अरथशासतर एि आयोजन ि दा पबलऱकशन परा. लऱलमटड नई ददलऱी. लसनहा वी. सी. आररथक ि वि एि विकस ि दा पबलऱकशन परा. लऱलमटड मरठ.

पनत ज सी भारतीय अरथवयिसतरा सादहतय भिन ि दा पबलऱकशन परा. लऱलमटड आगरा nRr ,oa lqanje Hkkjrh; vFkZO;LFkk ,l-pUn ,.M dEiuh izk- fy-] ubZ fnYyhA

feJ ,oa iwjh Hkkjrh; vFkZO;oLFkk fgeky; ifCyds'kUl] ubZ fnYyhA

Suggested Readings:

Michael P Todaro and Stephen Smith. Economic Development, Pearson, 11th edition (2011).

Uma Kapila, Indian Economy since Independence, Academic Foundation, 19th edition (2009).

United Nations Development Programme, Human Development Report 8 2010, Palgrave Macmillan (2010).

Chenery, H.and T.N. Srinivasan (Eds.) (1989), Handbook of Development Economics, Vols. 1&2, Elsevier,

Amsterdam.

Barrow, R. and X. Sela-I, Martin, Economic Growth, McGraw Hill, New York.

Solow, R.M. (2000), Growth Theory : An Exposition, Oxford University Press, Oxford.

Meier, G.M. and D. Seers (Eds.) (1987), Pioneers in Development, Oxford University Press, New York.


Skill Enhancement Course (SEC) IV

B.A. VI

SEMESTER

ECO- SE -611 Financial Economics - II Credits – 2

Description: This course exposes student to the theory and functioning of the monetary and financial sector of the

economy. it highlights the organization, structure and role of financial markets and institutions. Financial and

banking sector reforms and monetary policy with special reference to India are also covered.

Banking System: Commercial Bank: Functions of Commercial Bank, Significance of Credits

Creation by Bank, Credits Creation and Multiplier, Limitations of Credits Creation.

Central Banking: Meaning, Definition and Functions of Central Bank, Objectives of Credits

Control, Quantitative and Qualitative Methods of Credits Control; Difference between Commercial

Bank and Central Bank.

Money Market: Meaning and Instruments of Money Market, Characteristics of a Developed Money

Market, Defects of Indian Money Market; Capital Market: Meaning and Instruments.

(30 Hours)

Essential Readings:

Suraj B.Gupta , Monetary Economics: ( Institutional, Theory and Policy), S. Chand Publishers , New Delhi.





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Suggested Readings:


pvt.Ltd,2014


Girish K. Rana ,Financial Institutions and Markets, Horizon Press, 2014

David G. Luenberger, Investment Science, Oxford University Press, USA, 1997.

. Richard A. Brealey and Stewart C. Myers, Principles of Corporate Finance, McGraw-

Hill, 7th edition, 2002.

Burton G. Malkiel, A Random Walk Down Wall Street, W.W. Norton & Company, 2003.

Simon Benninga, Financial Modeling, MIT Press, USA, 1997.



B.A. VI

SEMESTER

ECO-GE-611 INDIAN ECONOMY - II Credits 6 (5+1)

PREAMBLE: The paper is on overall social, political and economic environment influencing policy decisions.

To develop all these themes, the course is divided into specific modules.

UNIT-1

Meaning Objectives Types and Needs of Economic Planning, Planning Commission ,

Current Five year Plan- Objectives, New Economic Policy of 1991- Liberalization,

Privatization and Globalization. Mixed Economy. (18 Hours)

UNIT-2

Money and Banking: Role of Indian Commercial Banks, Monetary Policy, Concept of

Inflation, FERA & FEMA. Deficit Financing and Economic Development, Fiscal

Policy in India. (19 Hours)

UNIT-3

Role of Foreign Trade: Trends in Exports and Imports, Composition and Direction of

Foreign Trade, Balance of Trade and Balance of payment, Foreign Capital- FDI, AID

and economic Development. (18 Hours)

UNIT-4

Concept of Poverty: Causes and measurement of Poverty in India, Vicious Circle of

Poverty, Problems of Unemployment: Types and causes of Unemployment, Price

Rising- Causes and Remedies. (19 Hours)

UNIT-5 Basic Features of M.P. Economy, Demographic Features of M.P., Natural Resources-

Land, Forest, Water and Mineral, Agro Climatic Zones. (16 Hours)

Essential Readings:

Dantwala, M.L. (1996), Dilemmas of Growth: The Indian Experience, Sage Publications, New Delhi.

Datt, R. (Ed.) (2001), Second Generation Economic Reforms in India, Deep & Deep Publications, New Delhi. Brahmananda, P.R. and V.R.Panchmukhi (Eds.) (2001), Development Experience in the Indian Economy:

Inter-State Perspectives, Bookwell, Delhi.

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nRr ,oa lqanje Hkkjrh; vFkZO;LFkk& ,l-pUn ,.M dEiuh izk- fy-] ubZ fnYyhA

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vkj- ,l- dqyJs"B] vkS|kksfxd vFkZ’kkL=] lkfgR; Hkou ifCyds’kUl] vkxjkA

Suggested Readings:

Bardhan, P.K. (9th ed.) (1999), the Political Economy of Development in India, Oxford Uni. Press, New

Delhi.

Bawa, R.S. and P.S.Raikhy(1997), Structural Changes in Indian Economy, Guru Nanak Dev Uni. Press

Amritsar.

Ahluwalia, I.J. and I.M.D. Little (Eds.) (1999), India’s Economic Reforms and Development (Essay in honor

of Manmohan Singh), Oxford University Press, New Delhi.

syllabus for b.a/b.a.b.ed/b.sc.dhsgsu.ac.in/download/syllabus/1 economics b.a syllabus.pdf ·...

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