R.M.P.S.

STATE UNIVERSITY, ALIGARH

SYLLABUS
FOR M.A. ECONOMICS

As per the guidelines of National Education Policy 2020 for The Semester Seventh
to Semester Tenth

Bachelor Degree with Research / M.A. ECONOMICS

Syllabus for Four Semester

Two Year

1
 Raja Mahindra Pratap Singh State University, Aligarh

Syllabus of Post-Graduation (Economics)

Supervising and Advisory Committee for preparing syllabus for Raja Mahendra Pratap State University,
Aligarh

S.N. Name Designation Department College/University

1. Dr. Dr Munendra Associate Professor Dept. of Economics K .A .College , Kasganj.
Singh Chandwaria
(Convenor)
2. Professor Indu Professor Principal/Economics Shri Rameshwar Das Agarwal ,
Varshney Girls P G College, Hathras.
(Member)
3. Professor Md Professor Dept. of Economics D. S College , Aligarh.
Mahmood Alam
(Member)
4. Prof. Sheo Kumar Professor Dept. of Economics Shri Varshney College , Aligarh.
Singh , Shri
Varshney College ,
Aligarh.
(Member)
5. Dr. Neeraj Kumar Associate Professor Dept. of Economics Ganjdundwara College, Kasgan
Mishra j.
(Member)
6. Dr Krishna Bajpai Associate Professor Dept. of Economics Shri Tika Ram Girls College,
(Member) Aligarh.
7. Prof Umme Professor Dept. of Economics Shri Tika Ram Girls College,
Kulsoom Aligarh.
(Member)
8. Prof M K Singh Professor Dept. of Economics MJPRU, Bareilly.
(Expert)
9. Prof Dinesh Professor Dept. of Economics CCSU, Meerut.
Kumar
(Expert)

2
 Semester wise titles of the papers in 4th and 5th Year Bachelor Degree with Research and M. A.
Economics.

Ye S Cou Paper Title Theory/ Credi

ar e rse Pract ts
m Cod ical
es e
te
r
SEMESTER VII – COMPULSORY PAPERS Theory 5/4

P1- Indian Economy.

4 VII A080701
Major/ Minor (For Students of other Faculty)
T
4 VII A080702 P2- Microeconomics-1 Theory 5
T
4 VII A080703 P3-Public Finance -I Theory 5
T
OPTIONAL PAPER- Any one from the Following
Three Papers ( Electives)

4 VII
A080704 P4-Research Methodology Theory 5
T OR
P5- Demography
A080705 OR
T P6-Agricultural Economics

A080706
T
4 VII A080707 P7- Minor (From other Faculty) Theory 4
T
4 VII A080708 P8-Research Project. Research 4
R Project
SEMESTER VIII- COMPULSORY PAPERS Theory 5

4 VIII A080801
T P9-.Microeconomics-II
4 VIII A080802 P10- Public Finance(India)-II Theory 5
T
4 VIII A080803 P11- Elementary Statistics. Theory 5
3
 T

OPTIONAL PAPER -Any one paper from the

following two papaers ( Electives )
Theory 5
P12-Labour Economics
A080804
T Theory 5
OR
4 VIII
Theory 5
P13- History of Economic Thought
A080805
T

4 VIII A080806 P14-Reserarch Project Research 4

R Project
SEMESTER IX – COMPULSORY PAPERS Theory 5

5 IX A080901
T P15- Macroeconomics-I
5 IX A080902 P16-International Economics-I Theory 5
T

5 IX A080903 P17-Economics of Growth and Development- I

T

5 OPTIONAL PAPER -Any One Paper From the

Following 03 Papers ( Electives)
Theory 5
A080904 P18- Financial Institution’s and Markets.
T OR Theory 5
IX P19- Mathematical Economics
A080905 OR
T
Theory 5
P20-Environmental Economics

4
 A080906
T

5 IX A080907 P21-Research Project Research 4

R Project
SEMESTER X- COMPULSORY PAPERS Theory 5

5 X A081001
T P22-Macroeconomics-II
5 X A081002 P23-International Economics-II Theory 5
T

5 X A081003 P24-Economics of Growth and Development-II Theory 5

T

5 OPTIONAL PAPERS-Any One From The

X Following 03 Papers (Electives ) Theory 5

A081003 P25- Advance Statistics

T OR
P26-Econometrics.
A081004 OR
T P27-Industrial Economics

A081005
T

5 X A081007 P28-Research Project Research 4

R Project

5
 Program/ Semester: Seven
Year: Fourth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: Course Title: P I – Indian Economy
A080701T

Credits: Core Compulsory

5/4( For
Minor
of Other
Faculty)
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week):
No. of
Un Topi
it cs Lectures
Indian Economy
I Understanding the Indian Economy; The Colonial Periods,
Post Independence Economy. Structure and Features. 18
Planning For The Economy-Objectives ,Strategy and
Achievements. Indicators of Development – National Income,
Per Capita Income, HDI and Physical Quality Of Life (PQLI)
Index.
6
 Demographic Features and Resourse Base

II Broad Demographic Features Of Indian Population;

Migration. Population Increase- Causes and 18
Remedies .Infrastructure Sectors; Energy ,
Telecommunications ,I.T, Transport, Ports, Social
Infrastructure.
Unemployment and Poverty
Concept, Types , Causes and Estimates; Rural /Urban 18
III Migration. Urbanisation and Civic Amenities. Poverty-
Concepts and Measurements- Head Count Index, Poverty
Gap Index ,Squared Poverty Gap Index and Human Povert
Index(HPI),Effects of Poverty and Unemployment.

The Agriculture Sector in India 18

IV Features of Indian Agriculture-Land Reform, Agricultural
Growth And Productivity,Cropping Pattern,Agricultural
Marketing, Causes and Measures To Increase Low
Productivity, Technological Change and Mechanisation in
Agriculture. Green Revolution , Food Security and PDS.
Agricultural Finance- Instituinal and Non Instituinal
Finance, Micro Finance,WTO And Indian Agriculture.
V Industrial Sector , Service Sector and Foreign Trade
Micro, Small and Medium Enterprises (MSME’S)- 18
Features,Characteristics and Challenges. New Industrial
Policy. Industrial Finance, Tourism and Healthcare ,
Insurance, FDI in Industrial and Service Sector. Indias
Foreign Trade- Imports and Exports, Foreign Trade Policy.

Suggested Comprehensive and continuous Evaluation Method (Total Marks-25)

M.C.Q./assignment/presentation/any other activity related to content.

Suggested Reading:
1. Misra and Puri ; Indian Economy.
2. Dutta and Sundaram: Indian Economy

Program/Class Semester: Seven

Year: Fourth
Bachelor
Degree with
Research and
M.A.
7
 Economics.

Subject:
Economics
Course Code: Course Title:P-2, Microeconomics-I
A080702T

Credits: Core Compulsory

5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week):
No. of
Un Topi
it cs Lectures
Demand Analysis-Theory of Consumer Behavior: Utility and
Indifference Curve Analysis , Price Effects ,Income and
I Substitution Effects, Slutsky Theorem, Compensated Demand 15
Curve; Revealed Preference Hypothesis of Demand,
Elasticities of Demand and Its Measurements , Engle Curve,
Consumer Surplus.
Production Function: Short Run And Long Run . Technical
Progress and Production Function, Theories of Production-
Law of Variable Proportions and Returns to Scale,
Isoquants , Scale Line, Ridge Lines ,Elasticity of
II Substitution , Equalibrium of the Firm: Choice of Optimal
Combination of Factors of Production, Cobb- Douglas and 18
CES Production Function. Theories of Costs- Short Run
and Long Run Costs.

8
 Market Structure- Theory of Firm and its Objectives,
Concepts of AR, Mr and TR , Equilibrium of Firm- TR- TC
and MR-MC Approach. Perfect Competition- Equilibrium of
III
Firm and Industry, Short Run and Long Run Supply Curve, 18
Kaldor and Saraffa’s Incompatibility of Equilibrium In
Perfect Competition.

Monopoly- Price and Out Put Determination in Short Run and

Long Run, Monopoly Power , Price Discrimination and
IV Dumping , Monopsony and Bilateral Monopoly. Monopolistic
Competition- Price and Output Determination in Short Run 17
and Long Run, Selling Costs and Advertising.

Classical Oligopoly: Non Collusive Oligopoly Models, 10

Cournot, Bertrand and Chamberlains Model, Kinked Demand
V Curve Model .Collusive Oligopoly: Cartels, Joint Profit
Maximisation and Market Sharing Model, Price Leadership;
Low cost Price Leader, Dominant firm Price Leader ,
Barometric price Leadership.

Suggested Comprehensive and continuous Evaluation Method (Total Marks-25

Internal )
M.C.Q./assignment/presentation/any other activity
related to content.

Suggested Reading:

1.H. L Ahuja: Advance Economic Theory.

2. Koutsoyiannis , . Modern Microeconomics.

Program/ Semester: Seven

Year: Fourth
Class:
Bachelor
Degree with
Research and
M.A. Economics

Subject:
Economics
Course Code: Course Title: P-3 Public Finance-I
E080703T
9
 Credits: Core Compulsory
5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week):
No. of
Un Topi
it cs Lectures
Meaning and Scope of Public Finance. Dalton and Musgraves 15
Theory of Maximum Social Advantage, Efficiency in
Resource Allocation , Provision Of Public , Private and Merit
Goods, Market Failure- Imperfections , Decreasing Cost
Externalities.
I
Public Expenditure-Concepts and 15
Types , Wagner’s law of Increasing
State Activities, Wiseman- Peacock
Hypothesis of Public Expenditure ,
II Structure and Growth of Public
Expenditure, Budget – Types and
Formulation, Deficits- Budgetary, Fiscal
and Primary.

Taxation-Principle of Taxation :Benefit and Ability to Pay

Approaches, Buoancy and Elasticity of Taxation, Direct and 15
III Indirect Taxes- Impact , Incidence and Effects of Taxation,
Theories of Incidence of Taxation, GST.

Public Debt-Sources of Public Debt, Debt Through Created 15

Money, Public Borrowing and Price Level, Burden Of Public
IV Debt, Crowding Out of Public Investment and Activity,,
Principles of Debt Management and Repayment

V Fiscal Policy-Objectives, Full Employment , Price Stability, 15

Economic Growth, Redistribution of Income and Wealth,
Fiscal Policy and Automatic Stabilisers, Discretionary Fiscal
Policy.

Suggested Comprehensive and continuous Evaluation Method (Total Marks-25)

M.C.Q./assignment/presentation/any other activity related to content.

10
Suggested Reading:
1. H. L Bhatia: Public Finance.
2. Musgrave and Musgrave: Theory and Practice pf Public Finanace.

Program/ Semester: Seven

Year: Fourth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: Course Title: P4- Research Methodology
E080704T

Course Learning Outcomes

Credits: Core Compulsory

5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials (in hours per week)
No. of
Un Topi
it cs Lectures
Basic Concepts of Research- Meaning , Objectives, Types,
Approaches and Significance , Criteria of Good Research ,
Selection and Defining a Research Problem, Scientific
11
 15
I Research Methods. Review of the Related Literature and
Selection of a Research problem.

Research Design– Meaning and Types of Research Design ,

Important Concepts, Dependent And Independent Variables,
Extraneous Variables, , Experimental and Non Experimental .
Descriptive Research: Nature, Importance and types and
II steps. 18
Experimental Research: Nature, importance, steps and type of
experimental design. Historical research: Nature, importance,
types and steps.

Design Of Sample Survey And Methods of Data

Collection- Meaning and Types of Sample Design, Sample 18
Survey vs Census Survey, Sampling and Non Sampling
III Errors, Quantitative and Qualitative data, Guidelines for
Constructing Questionnaire/ Schedule,Selection of
Appropriate Method of Data Collection, Case Study Method.

Hypothesis- Concept Sources, Types, Formulating 17

Hypothesis, Characteristics of a Hypothesis.
IV
.
Concept and Technique of Sampling (Probability & Non
Probability sampling).

V Types of Measurement Scale (Nominal, Ordinal, Interval and

Ratio). 15
Tools of Research (Rating Scale, Attitude Scale,
Questionnaire Aptitude test and Achievement test,
Inventory).
Techniques of Research (Observation, Interview and Project
techniques).

Suggested Comprehensive and continuous Evaluation Method (Total Marks-25)

M.C.Q./assignment/presentation/any other activity related to content.

Suggested Reading:
1. Aggarwal, Y.P. (1998), The Science of Educational Research: A Source Book, Nirmal ,Kurukshetra · Best, john
W. and Kahn James V (1995), Research in Education, prentice Hall, New Delhi ·
2. Burns, R.B. (1991), Introduction to research in education , prentice Hall, New Delhi ·
3. Edward, Allen L (1968), experimental Designs in psychological Research, Holt, Rinehart and Winston, New York
·
4. Good, C.V. and Douglas, E. Scates (1954), methods in Social Research , McGraw Hill, New York ·
5. Kerlinger, F.N. (1973), foundation of Behavioral Research, Holt, Rinehart and Winston, New York ·
6. Koul, Lokesh (1988), Methodology of Educational Research, Vikas, New Delhi

12
7. McMillan, James H. and Schumarcher, S. (1989), research on Education: A Conceptual Introduction, Harper and
Collins, New York ·
8. Mouly, A.J. (1963), the Science of Educational Research, Eurasia, New Delhi
9. Neuman, W.L. (1997), Social Research Methods: Qualitative and Quantitative Approaches, Allyn and Bacon,
10. Boston · Travers, R.M.W. (1978), An introduction to educational research, Mcmillan, New York ·
11. Van Dalen, D.B.(1962), understanding Educational research , McGraw Hill , new York
12. Young, P.V. (1960), Scientific Social Surveys and research, prentice hall, new Delhi.
13. शिक्षा अनुसन्धान : आर० ए० शर्मा, आर० लाल बुक डिपो मेरठ I
14. अनुसन्धान परिचय : पारसनाथ राय. लक्ष्मी नारायण अग्रवाल आगरा I
15. अनुसन्धान संदर्शिका संप्रत्यय कार्यविधि एवं प्राविधि एस० पी० गुप्ता शारदा पुस्तक भवन प्रयागराज I
16. मनोविज्ञान , समाजशास्त्र तथा शिक्षा में शोध विधियां ; अरुण कु मार सिंह , मोतीलाल बनारसी दस नई
दिल्लीI
17. व्यावहारिक विज्ञानो में अनुसन्धान विधियाँ, एस० के ० मंगल, शुभ्रा मंगल पाई पब्लिके शन नई दिल्ली I
18. अनुसन्धान विधियां : एच० के ० कपिल , एच० पी० भार्गव बुक डिपो हॉउस आगरा I

Program/ Semester: Eight

Year: Fourth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Course Title: P5 - Demography
Code:E080803T

Course Learning Outcomes

On completion of this course, learners will be able to:

Credits: Elective
5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week): L-20, T-4

13
 No. of
Un Topi
it cs Lectures
Introduction-Meaning , Nature , Scope Subject Matter and 15
Importance of Demography. Components of Population
Growth and Their Interdependence , Population Growth ,
Poverty and Economic Development. Theories of Population:
Maithusian Theory of Population , Optimum Theory of
I Population , Theory of Demographic Transition. Population
Explosion , International aspects of Population Growth and
Distribution; Methods of Population Projection and Age
Pyramid. Life Table; Meaning and Uses of Life Table.

Fertility, Mortality , Nuptiality and Migration: 15

Importance of Study of Fertility and its Variuos
Measurements: GBR, GFR, TFR, ASFR, SFR, GRR, and
NRR. Factors Affecting Fertility- Socio – Economic and
Cultural Determinants. Mortality and Its Various
Measurements:CDR, ASDR, IMR, SDR, and MMR.
II Nuptiality Analysis: Concepts and Determinants.
Migration and Urbanisation- Concepts and Types, Factors
Affecting Migration. Urbanisation -Growth and
Distribution of Rural – Urban in Developedand Developing
countries.
Population and Development With Reference To India:
Population , Economy and Environment Linkages, Population 15
Health, Nutrition, Productivity Nexus. Major Sources of
III Demographic Data. Population and Human Development
Issues – Cultures, Education, and Fertility.

Sources And Methods of Demographic Data: Census , 15

sampling , Vita Registration Methods , NHFS/SRS and
IV
DHS. Index of Human Development of Quality of Life.
Concepts of Manpower, Relationship Between Population,
Education, and Economic Development

Population Growth and Policy In India: Changing 15

Characteristics of Population in India : Growth Rates,
V Trend and regional Variations in Sex Ratio, Age Structure
of Population, Infant and Child Mortality Rates, Maternal
Mortality Rates, Life Expectancy. Population Policy Since
independence.
Uttar Pradesh – Demographic Structure .
Suggested Comprehensive and continuous Evaluation Method (Total Marks-25)
Ducumentation-10 Marks
Presentation-5 Marks
Question-answers (MCQ) Test-10 marks
14
 Suggested Reading:
1. . Bonar , James : Malthus and his Works .
2. Bogue, D, J: Principles of Demography.
3. Bhende, A.A. and Kanitkar : Principles of Population Studies.
4. Srivastava O. S : Demography and Population.

Program/ Semester: Eight

Year: Fourth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: Course Title: P6- Agricultural Economics
E080804T

Course Learning Outcomes

On completion of this course, learners will be able to:

Credits: Elective
5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week): L-20, P-4
No. of
Un Topi
it cs Lectures

15
 15
Nature and Scope of Agricultural Economics,
Transformation of Traditional Agriculture, Role of
Agriculture in Economic Development, Interdependence
I Between Agriculture and Industry, Models of Interaction
Between Agriculture and the Rest of the Economy,
Agricultural Development , Poverty and Environment.
Agricultural Production and Productivity in India

15
Land Tenure and Farming System- Peasant , Capitalist ,
Collective and State Farming , Tenancy and Crop Sharing
Farms , Land Reform Measures and Performance ,
Problems of Marginal and Small Farmers, Rural Labour
supply :,Interlocking of Factor Market ,Mobility of
II Labour , Agricultural Wages in India, Rural Employment
Schemes in India, Organic Farming. Green Revolution.

Agricultural Markets and Marketing Efficiency- Market

15
Structure and Imperfections , Regulated
III Markets ,Behaviour of Agricultural Prices , - Cobweb
Model , Warehousing ;Prices ;Taxation and Crop Insurance,
Food Security and PDS In India.

Agricultural Finance- Institutional and Non- Institutional

Finance in Agricultural Sector in India, Imperfections in 15
IV Rural Credit in India, Role of NABARD , Co- Operatives
and its Role in Agricultural Development. Role of
Subsidies,
Technical Progress in Agriculture.
V International Trade in Agricultural Commodities; Commodity
Agreements – Role of WTO, Issues in Liberalisation of 15
Domestic and International Trade in Agriculture- Nature and
Features of Agri- Business, Role of MNC’s , Globalisation of
Indian Agriculture.

Suggested Comprehensive and Continuous Evaluation Method (Total Marks-25)

Suggested Reading:
1. Mishra and Puri : Indian Economy .
2. Bardhan, P: Land , Labour And Rural Poverty.
3. Schultz, T. W: Transforming Traditional Agriculture.

16
PAPER -7 MINOR FROM OTHER FACULTY

VII A080707T P7- Minor (From other Faculty) Theory 4

Program/ Semester: Seven

Year: Fourth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: Course Title:P-8 Research Project
E080706R

Course Learning Outcomes

● The students will be able to understand the implications of Research Tools.

● Students will get the experiential learning opportunities in the specific

institutions of the society.

● Students will link their knowledge to society.

17
 Credits: Core Compulsory
4
Max. Marks: -75+25 Min. Passing Marks:
Total No.of Lectures-Tutorials-Practical (in hours per week): L-20, T-4
No. of
Topi
cs Lectures
60
Design a Research Tool or community
visit Rural/Slums/Orphanage/Old Age
homes and juvenile jail.
● Meaning of a research tool

● Characteristics of a research tool.

● General principals of Test construction and

standardization.
OR
● Research report writing: steps and methods.

● Survey method: Meaning and types.

Suggested Evaluation shall be done by Internal as well as External Examiners

appointed by the university. (Total Marks-100)
Internal-50
External-50

Program/ Semester: Eight

Year: Fourth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
18
 Course Code: Course Title:P-9, Microeconomics- II
E080801T

Course Learning Outcomes

On completion of this course, learners will be able to:

Credits: Core Compulsory

5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week): L-20, P-4
No. of
Un Topics
it Lectures
15
Theory Of Distribution-Neo Classical Approach, Marginal
Productivity Theory , Determination of Wage In Perfectly and
Imperfectly Competitive Markets , Elasticity of Factor
Substitution, Technical Progress and Income Distribution, Eulers
I Product Exhaust Theorem , The Adding- Up Problem ,Clark –
Wicksteed-walras Product Exhaustion.
15
Determination of Rent – Ricardian Theory of Rent , Quasi Rent.
Theories Interest – Classical, Keynesian and Modern Theory of
II Interest(IS-LM Model). Profits – Concepts and Theories,
Monompoly and profits , Schumpeter’s Innovation Theory of
Profit.
General Equilibrium Analysis of Production and Exchange,
Exchange and Consumption, General Equilibrium and Perfect 15
Competition, Existence and Uniqueness of Equilibrium. Market
III
Failure – Monopoly as a Cause of Market Failure, External
Economies and Dis- Economies

Welfare Economics; Individual and Social Welfare. Value

Judgements , Concepts of Social Welfare; Pigovian Welfare 15
IV Economics, Pareto Optimality Criterion and Edgeworth
Box ,Conditions of Pareto Optimality.

19
 V New Welfare Economics-Compensation Principle, Kaldor- Hick’s
Compensation Criteria, Scitovsky Paradox , Social Welfare 15
Function and Social Choice Theory , Bergson’s Social Welfare
Function, Grand Utility Possibility Frontier Curve, Theory of
Second Best.

Suggested Comprehensive and continuous Evaluation Method (Total Marks-25)

Ducumentation-10 Marks
Presentation-5 Marks
Question-answers (MCQ) Test-10 marks
Suggested Reading:
1. H.L Ahuja : Microeconomics .
2. Koutsoyiannis : Modern Micro Economics.

Program/ Semester: Eight

Year: Fourth
Class:
Certificate
Bachelor
Degree with
Research and
M.A.
Economics

Subject:
Economics
Course Code: Course Title: P- 10 , Public Finance (India)-II
E010802T

Course Learning Outcomes

On completion of this course, learners will be able to:

Credits: Core Compulsory

5
Max. Marks: -75+25 Min. Passing Marks:
20
 Total No. of Lectures-Tutorials-Practical (in hours per week): L-20, T-4
No. of
Un Topi
it cs Lectures
Fiscal Federalism in India; Vertical and Horizontal 15
Imbalance; Assignment of Functions and Sources of Revenue
I of Local, State and Central Governments, Resource Transfer
from Govt .of India, Finance Commissions
Recommendations , Centre- State Financial Relations. Share
of States in GST .
Public Expenditure in India-Introduction, Classification and 15
II Trends, Items of Expenditure of Centre and State
Governments , Recent Trends of Public Expenditure in India.
Causes Of Increase of Public Expenditure In India.

Indian Taxation System-Salient Features - Custom and

Excise Duties, Personal Income Tax, Corporate Tax ,State 15
III Government; CGST, Stamps and Registration Fees, Land
Revenue. Local Governments- Property Tax, House Tax ,
And water tax, Tax Reforms, Issues in GST.

Government Budgeting; Purpose and Classification ,

Process of Budget Formulation , Zero Base Budgeting In 15
IV India , Analysis of Latest Central Budgets .
Budget Deficit- Types , Structure and Trends; Fiscal
deficits in India.
V India’s Public Debt- Trends and Structure , Debt Position Of
States, Management Of Public Debt in India , Debt 15
Redemption In India.
Deficit Financing In India – Need , Impact and Remedy.

Suggested Comprehensive and continuous Evaluation Method (Total Marks-25)

Ducumentation-10 Marks
Presentation-5 Marks
Question-answers (MCQ) Test-10 marks
Suggested Reading:
1. B. Mishra : Public Finance.
2. Tyagi: Public Finance.

21
 Program/ Semester: Ninth
Year: Fifth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: Course Title: P11- Elementary Statistics
A080904T

Course Learning Outcomes

.

Credits: Elective
5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week): L-20, T-4
No. of
Un Topics
it Lectures
15
Statistics – Meaning and Importance , Statistical Process-
Investigations , Collection of Data , Classification and
Tabulation , Graphic Representation of Data – Line Graph , Bar
I Diagram , Pictogram , Pie- Diagram , Histogram , Frequency ,
Polygon.
15
Basic Concepts Of Sampling , - Random and Non- Random
Sampling , Simple Random , Stratified and Non Starified Random
Sampling ,
II
Measures of Central Tendency – Mean , Media and Mode .,
15
Harmonic and Geometric Mean , Merits and demerits of
III Measurement of Central Tendency . Measures of Dispersion-

22
 Range, Quartiles , quartile deviation , Mean deviation ,Standard
Deviation , Mean Deviation , Coefficient of Variation , Lorenz
Curve.
Measures of Skewness – Correlation ; Karl Pearson’s Coefficient 15
Of Correlation , Rank correlation , Simple Linear Regression
IV Analysis , Regression Lines and Regression Coefficients.

Index Numbers – Preparation of Simple and Weighted index

V Numbers , Conversin Base , Fisher’s Index Numbers , Indian 15
Statistics – CSO, NSSO , Population Statistics.

Comprehensive and Continuous Evaluation Method (Total Marks-25 Internal.)

Suggested Reading : 1. S. P Gupta : Statistical Methods .
1. Shukla and Sahai : Advance Statistics.
2. K. L Gupta : Advance Statistics.

Program/ Semester: Eight

Year: Fourth
Class:
Bachelor
Degree with
Research and
M.A.
Economics

Subject:
Economics
Course Code: Course Title: P12 -Labour Economics
E080805T -

Course Learning Outcomes

On completion of this course, learners will be able to:

●

Elective
23
 Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week):
No. of
Un Topics
it Lectur
es
Nature and Characteristics of the Labour Market In India, Demand
For Labour in Relation to Size and pattern of Investment , Supply of 15
Labour In Relation to The Growth of Labour Force , Mobility of
I Labour Methods of recruitment and Placement, Employment services
Organisation in India.

Poverty and Unemployment in India, Unempolyment -Conept ,

Types, and measurement in India, Disguised Unemployment , Impact 15
II of rationalization , Technological Change , Modern Employment in
Organised Private Industry , Labour Employment in Public , Service
and Agricultural Sector.
Theories of wage Determination- Concept Of Minimum Wage ,
Subsistence Wage and Fare Wage in Theory and Pracrice , Wage 15
III Determination in Various Sectors – Rural , Urban , Organised,
Unorganised and formal Sectors , Productivity and Wage
relationship, Analysis of Rigidity In Labour Market.
Social Security of Agricultural Labour- Concept of Social Security
and Evaluation , Social Assistance and Social Insurance , State 15
IV
Policies with respect to Social Security, Problems of Child Labour
and Its Problems ,Female Labour ,Glabalisation and Labour Markets.

V Theories of Labour Movement – Growth , Pattern and Structure of

Labour Unions in India, Causes Of Industrial Disputes , Role of 15
Judicial Activism , Labour Legislation in India, Current Labou.r Laws

Suggested Comprehensive and continuous Evaluation Method (Total Marks-25)

M.C.Q./assignment/presentation/any other activity related to content.
Suggested Reading:

24
 Program/ Semester: Ninth
Year: Fifth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: A080807T Course Title:P-13 History Of Economic Thought

Course Learning Outcomes

Credits: Elective
5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Tutorials(in hours per week): L-20, P-4
No. of
Un Topi
it cs Lectures
Economic Thought of Plato and Aristotle , - Doctrine of
just Cost and Just Price – Mercantilism – Main
Characteristics, Thomas Mun- Phisiocracy , Natural Order ,
I
Primacy of Agricultural , Social C lasses. Turgot –
Economic Ideas of Petty , Locke and Hume.

25
 Classical Economists- Adam Smith , Naturalism and 15
Optimism of Adam Smith ,Public Finance , International
II Trade , Division Of Labour . T R Malthus -Theory of Over
Production, Population Theory , Population Checks . David
Ricardo- Doctrine of Rent and Foreign trade Theory.
Neo – Classical Economists – Alfred Marshall , Distribution
of National Income , Elasticity of demand , Representative
III Firm , Quasi Rent . J S Mill- Theory of Individual
Competition , Productive and Unproductive Labour , Socialist
Concept
New Economics – J . M Keynes , Effective Demand , ,
Theory of Income and Employment , Consumption 15
IV Function, Theory of Trade Cycle , Concept Of Multiplier
and MEC Theory of Investment. Milton Friedman -
Permanent Income Hypothesis, Fiscalism vs Monetarism ,
Joseph Schumpeter- Idea on Profit , Trade Cycle and
Capitalism Destruction.
Indian Economic Thought- Kautilya , Valluvar . Modern
Economic Ideas of Naoroji, Ranade , R. C. Dutt and M. N 15
V Roy , Economic Ideas of Mahatma Gandhi – Village ,
Swadeshi , Cottage Cottage Industries , Nehruvian
Economics , Economic Ideas of Ambedkar and J K Mehta.
A. P. J Abdul Kalam and His Economic Thoughts.
Economic Thoughts of Pt .Deendayal Upadhyay.
Comprehensive and Continuous Evaluation Method (Total Marks-25 Internal + 75
External)
Suggested Reading:
1.Roll, E : History of Economic Thought .
2. P.N Ghosh and R. Ghosh : Concise History of Economic Thought , Himalaya
Publishing House.
3. D.H Taylor : A History of Economic Thought.

 Semester VIII- A08080R P14- Research Project –

Core Compulsory.

Program/ Semester: Ninth

Year: Fifth
Class:
26
 Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: Course Title: P15- Macroeconomics- I
A080901T

Course Learning Outcomes

On completion of this course, learners will be able to:

●

Credits: Core Compulsory

5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials (in hours per week): L-20, T-4
No. of
Un Topi
it cs Lectures
National Income and Accounting Methods- 15
Macroeconomics – Meaning and Subject Matter , Circular
I Flow of Income in Two, Three and Four Sectors of Economy,
GDP and GNP and its Variants , Different forms of National
Income accounting , - Social Accounting , Input – Out Put
Accounting , BOP Accounting.

Consumption Function- Consumption Analysis, Short – Run 15

and Long Run Consumption Function, Linear and Non –
Linear Consumption Function, Keynesian Psychological Law
II of Consumption Income – Consumption Relation , Absolut
income , Relative Income , Life Cycle And Permanent Income
Hypothesis.

27
 .Investment Function-Marginal efficiency of Investment and
level of Investment , The Multiplier and Accelerator 15
III Theories , Neo- Classical theories of Investment, Flexible
Accelerator,Impact Of Inflation , Influence of Policy
Measures on Investment.

Classical And Keynesian Approach – The Basic Classical

Models , Say’s Law of Market , Interest Rate- Wage and 15
IV Price flexibility, Role of QTM, Labour market and its
Equilibrium ; Basic Keynesian Model -balanced Budget
Multiplier, Aggregate Demand- Aggregate Supply and
Saving and Investment Approach.

Neo- Classical and Keynsian Synthesis- Neo- Classical and

V Keynesian Views on Interest , The IS-LM Model , 15
Extension of IS_LM Model with Government Sector ,
Relative Effectiveness of Monetary and Fiscal Policies,
Extension of IS-LM Models with Labour Market and
Flexible Prices.
Suggested Comprehensive and Continuous Evaluation Method (Total Marks-25
Internal + 75 Exam)

Suggested Reading:
1. H. L Ahuja : Macroeconomics .
2. Branson : Macroeconomics .
3. M. L Seth: Macroeconomics .
4. S. B Gupta ; Monetary Economics.

Program/ Semester: Ninth

Year: Fifth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Course Title: P16-International Economics-I
CodeA081002T

28
 Course Learning Outcomes

Credits: Core Compulsory

5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Tutorials (in hours per week): L-20, T-4
No. of
Un Topi
it cs Lectures
International and Inter- Regional Trade , Meaning , 08
I Advantages and Disadvantages and Effects ,Basis of
International Trade , Trade as Engine of Growth.
Theories of International Trade- Absolute Cost and 10
Comparative Cost Advantage, Opportunities Cost of Haberler
II And Comparative Advantage , Reciprocal Demand Theories ,
Factor Endowments and The Heckcher- Ohlin Theory ; Factor
Price Equalisation Theorem , Stolper Samuelson and 15
Rybczynski Theorem , Leontief Paradox , Taussigs
III
Modifications , Theory of Overlappin Demand ,
Technological Gaps , Product Cycle Models .

Terms of Trade- Meanings and Types , Uses and Limitations , 15

Measurement of Gains from Trade and Their Distribution ,
IV Hypothesis of Secular Deterioration of Terms of Trade , Offer
Curve and its Concepts.

Meaning and Components of Balance of Payments , Balance

V Of Trade , Equilibrium and Dis -Equilibrium in The BOP , 15
The Process of Adjustment and Systems of Gold Standard ,
The Elasticity Approach , International Capital Movements ,
FDI and Port Folio Investment.
Comprehensive and continuous Evaluation Method (Total Marks-25).

Suggested Reading:
1. H. G , Mannur : International Economics.
2. Sodersten , B. O : International Economics .
3.

29
 Program/ Semester: Ninth
Year: Fifth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: Course Title: P17- Economics of Growth and
A080903T Development-I

Course Learning Outcomes

Credits: Elective
5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials (in hours per week): L-20, T-4
No. of
Un Topics
it Lectures
Economic Growth and Development – Factors Affecting 15
Economic Growth , Capital , Labour , and Technology ; Growth
I Models – Harrod – Domar , Instability and Equilibrium , Neo-
Classica Growth Models – Solow and Meade , Mrs Joan
Robinson ‘s Growth Model ,

Concept Of Golden Age and Golden Rule of Accumulation , 15

Absolute and Conditional Convergence , Technological Progress-
Embodied and Dis- Embodied Tecchnical Progress, Growth
II Accounting ; Neo – Keynesian Models of Growth , - N- Kaldor ,
L. Pasinetti ; Two Sector _Models of Growth , Models of
Endogenous Growth – AK Model , Romers Model , Mahalanobis
Model.

30
 Growth and Development : Relationship between Growth and
Income Distribution , Income Distribution in Developing 15
III Countries , Concept and Measurement of Poverty , Functional
Impact of Poverty , Project Appraisal; Social -Cost Benefit
Analysis , Shadow Prices , Social Rate of Discount , Project
Criterion , Little Mirrlees and UNIDO Approaches- A
Comparison
Development and Underdelopment – Perpetuation of
Underdevelopment , Poverty – Absolute and Relative, Measuring 15
IV Development and Development Gap , Per Capita Income ,
Inequality of Income , HDI and Other Indices of Development
and Quality of Life – Food Security , Education , Health and
Nutrition, Population Problem Development .
Introduction of Infinite Horizon Model , Basics of Over Lapping
V – Generation (Diamond ) Model , Input – Out Put Analysis. Role 15
of Education , Research and Knowledge.

Suggested Comprehensive and Continuous Evaluation Method (Total Marks-25)

Suggested Reading: 1. Mishra and Puri ; Development and Planning.

2. Todaro; Growth and Development.
3. A. P. Thirlwal : Growth and Development.

Program/ Semester: Ninth

Year: Fourth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: Course Title- P18- Financial institutions and
A080905T Markets

31
Course Learning Outcomes

Credits Elective
:5
Max. Marks: 25+75 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week): L-20,
T-4
No. of
Un Topi
it cs Lectures
Structure Of Financial Systems ; Functions of financial Sector
,Financial System and Economic Development , Financial
I Intermediation and Financial Intermediaries , Indicators of
Financial Development , Regulatory Financial Institutions , 15
RBI- Role and Functions , SEBI- Objectives , Functions and
its Performance in The Working of Capital Markets India .

NBFI’s – Definition, Types , Growth and Their Impact on

India’s Economic Development ; Small savings – Growth and
Composition; Provident Funds , Pension Funds , Hire 15
II Purchase Finanaces ,Lease Financing , Merchant Banking ,
Venture Capital Funds

UTI and Mutual Funds – Organisation and Schemes ;

Insurance Companies – Types and Structure; Insurance
Regulatory and Development Authority (IRDA)- Objectives,
III Functions and Performance , Credit Rating Agencies in India 15
– Objectives and Functions

Time Value of Money ; Future Value , Present Value of an

Uneven Series , Valuation of Securities , Concepts of Value ,
Bond Valuation , Valuation of Equity Shares; Risk and Rate
of return :Conceptsand Types of Risk , Measuring Risk ,.
IV Portfolio Theory : Expected Return on a Portfolio, Capital
Asset Pricing Model : Financial Ratio Analysis , Liquidity 15
Ratio, Turnover Ratios , Leverage ratios ,and Profitability
Ratios.

32
 Structure and Functions of Financial Markets ; Money Market
and its Constituents- Call Money Market , Treasury Bill
Market , Commercial Bill Market , Repo Market ,Commercial
Paper Market . Capital Market- Government Securities ,
V Corporate securities Markets , Primary and secondary Market
for Securities , Discount market , Unregulated Credit Markets 20

Foreign Exchange Market- Nature , Organisation and

Participants ; Fixed and Flexible Exchange Rates, Devaluation
, and Depreciation , , Markets For Futures – Options and
Other Financial Derivatives ; Theories Of Optimum Currency
Areas.

Evaluation Method (Total Marks-100, Internal Assessment - 25, Main Exam-75

Suggested Reading :
1. Bhole , L.M : Financial Institution and Markets .
2. Avadhani V. A : Investment and Securities
Markets in India.
3. Avadhani, V. A : Financial Economics , Theory
and Practice.
4. Gupta , S. B : Monetary Economics :
Institutions , Theory and Policy.

33
 Program/ Semester: Tenth
Year: Fifth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: A080906T Course Title: P19- Mathematical Economics

Course Learning Outcomes

Credits: Elective
5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials(in hours per week): L-20, T-4
No. of
Un Topi
it cs Lectures
Concept of Function and Types of Functions , Limit , 15
Continuity and Derivatives ,Rules of Differentiation ,
Interpretation of revenue , Supply Functions , Cardinal and
Ordinal Utility; Ordinal Utility Maximisation; Slutsky
I Equation ,Compensated Demand Functions, Income ,
Substitution and Price Effects; Concept of Elasticities ,
Consumer surplus , Theory of Revealed Preference.

Production Function-Homogeneous Non Homogeneous , 15

Properties of Cobb- Douglas and CEs Production
Functions, Simple Derivative of Short Run and Long Run
Production Functions ,Modern Approach to Theory of Cost
II , Cost Functions , Producers Equilibrium – Law of Returns
and Returns to Scale , Adding Up Theorem , Technical
Progress Through Production Function , Production
Possibility Curve ,

34
 Price Determination in Perfect Competition , Monopoly ,
Duopoly, Monopolistic and Oligopoly Competition. 15
Price of Factors of Production ;Single Market Equilibrium –
III
Marshallian and Walrasian Equilibrium Conditions , Lagged
market Equilibrium.

Linear Programming – Primal and Dual problem , Solution By 15

Graphical Method and Simplex Method ,
IV
Input Out- Put Analysis – Open and Closed
Systems ,Hawkins- Simon Conditions , Loentief ‘s Dynamic
System. Differential and Difference Equations – First
OrderLinear differential Equations – Stability of Market
Equilibrium
,
Game Theory- some Useful Terminology and Useful
V Concepts, Strategic Form Games , dominant strategy , 15
purew Strategies , Locating a Saddle Point .Mixed
Strategies – arithmetic Method and graphic Method , Nash
equilibrium ,
Pareto Optimality and Competitive Equilibrium- Partial
Equilibrium Competitive Analysis – The Fundamental
welfare Theorems in Partial Equilibrium
Context ;Edgeworh Box, pareto optimality Criteria.
,

Suggested Comprehensive and Continuous Evaluation Method (Total Marks-100-

Internal Assessment – 25, Exam - 75)
Suggested Reading
1. Mehta , B. c and GMK Madnani : Mathematics for Economics .
2. Chiang, A.C : Fundamental Methods of Mathematical Economics .
3. Allen , R. G, D : Macro – Economic Theory : a Mathematical Treatment.

Program/ Semester: Eight

Year: Fourth
Class:
Bachelor
Degree with
Research and
M.A. Education
Subject:
Economics
Course Code: A080806T Course Title: P20- Environmental Economics

35
Course Learning Outcomes
●

Credits: Elective
8
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week): L-20, T-4
No. of
Units Topics
Lecture
s
15
Environmental Economics -Meaning , Scope and
Importance, The Evolution and Growth of Environmental
Economics, The Concept of Externalities , , Environment
I as a public Good and Market Failure, Environmental
Kuznets Curve: Theory and some Emperical Evidences ,
Environmental Valuation; Meaning and Types.

Ecology and Environmental Interaction, Economic

II Development and Environment , Bio- Diversity Crisis and
Its Conservation . Climate Change and its Impact on
Humans and The Economy.
Economics of Natural Resources; A Resource Taxonomy;
III Managing Exhaustible and Renewable Resources.
The Theory of Collective Choices :Hardin’s Thesis of The
Tragedy Of Commons ; Prisoner’s Dilemma Game ,
Olsen’s theory of Collective Action. Natural resources and
Environmental Problems,, Natural Resources Policy in
India
Environmental Pollution-Water, Air , Noise , Soil ,
IV Thermal , Marine.
Environment and Human Health .
Environmental Hazard and Disaster Management.
36
 Environmental damage and Its Valuation.
Global Environmental Issues-Negative International
Externalities and Their Implications.
Global Warming and Acid Rains : Causes Effects and
Solutions.
Major Environmental Organisation and Events : Green
V Peace Movement , The World Conservation Union ,The
Nature Conservancy , Sierra Club , WWF, UNEP ,
UNCED.
The Role of Forests In India’s Economy : Deforestation
and Degradation of Forests and Their Environmental
Consequences.
The Vision , Goals , Objectives and Instruments of
Environmental Policy; A critique of India’s Environmental
Policy.

Suggested Evaluation Method ( 75+25=Total Marks-100).

Suggested Readings;
4. Bhattacharya , R. N : Environmental Economics : An Indian
Perspective .
5. Dasgupta ,P and Heal , G. M: Economic Theory and Exhaustible
Resources .

A080907R- P- 21, Research Project ( Core

Compulsory)

Program/ Semester: Tenth

Year: Fifth
Class:
Bachelor
37
 Degree with
Research and
M.A.
Economics
Subject: Economics
Course Code Course Title- P22 – Macroeconomics II
E081001T
Core Compulsory
Credits:
5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week): L-20, P4
No. of
Un Topi
it cs Lectures
Financial Intermediation – A Mechanistic Model of Bank 15
Deposit Determination , Money- Definitions and Functions ,
Narrow Money , High Mowered Money -and Money
Multiplier, Budgets Deficits and Money Supply , Monetary
Policy- Control of Money Supply.Measure of Money
I Supply.RBI ‘s Approach of Money Supply.
15
Neo-Classical Approach to Demand For Money – Quantity
Theory Approach , Fishers Equation , Cambridge Cash
Balance Approach ,Keynes liquidity Preference Theory of
Demand For Money, Baumol and Tobin’s Modifications on
Demand for Money , Friedman’s Restatement Of QTM ,
Patinkins Rehabilitation of The QTM.
II
Inflation- Meanings and Types; Classical Keynesian and
Monetarist Theories of Inflation ; Structuralist Theory of 15
Inflation; Phillips Curve Analysis – Trade Off Between
III Inflation and Unemployment , Samuelson and Solow- The
Natural rate of Unemployment , Rational Expectations of
John Muth , Impact Of Inflation, policies to Control Inflation.
Trade Cycles – Types and Features; Theories of Keynes ,
Kaldor ,Schumpeter , Hicks and Samuelson , Goodwins 15
IV Model ;Control of Business Cycles – Relative Efficacy of
Monetary and Fiscal Policies.

38
 Objectives , Targets and Indicators of Macroeconomic 15
V Polices, Gradualism vs Shock Therapy , Rules VS
Discretion , Dynamic Inconsistency Problem , Inflatiop
targeting , Barro- ricardo and Blinder – Solow Hypothesis.

Suggested Comprehensive and Continuous Evaluation Method (Total Mark

Suggested Reading:
1. H. L Ahuja : Macroeconomics .
2. Branson : Macroeconomics .
3. M. L Seth: Macroeconomics .
4. S. B Gupta ; Monetary Economics.

Program/ Semester: Tenth

Year: Fifth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: Course Title: P23- International Economics-II
A081002T

Course Learning Outcomes

On completion of this course, learners will be able to:

Core Compulsory
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials- (in hours per week): L-20, T-4
39
 No. of
U Topic
n s Lectures
it
BOP Adjustment Under Fixed and Flexible Exchange Rates-,
Elasticity , Absorption , Monetary and portfolio Balance 15
I Affroach to BOP Adjustment Mechanism , Role of
Expenditure Reducing and Expenditure Switching Policies
in Open Economy .

Tarifff’s Classification , Measurement and effects of under 15

II partial and General Equilibrium, Optimum Tariffs ,
Retaliation of Tariffs; Quotas – Types and Effects

Free Trade vs Protections , Dumping , Terms of Trade ,

15
Concept , Types , Factor Determining and Importance ,
II
I Causes of Deterioration In Terms of Trade.

World Trade in The 19th and 20th Centuries, GATT and trade
Rounds , Multilateral Trading Systems and The WTO , - 15
I TRIMS, International Trade in Services , UNCTAD, IMF ,
V and World Bank- Functions , Achievements and Failures.
Regional Blocks , SAARC, ASEAN and NAFTA .
Trade Problems and Trade Policies in India during the last
V seven Decades ;Recent Changes in Composition and 15
Direction of Trade and Their Implications; Trade Reforms
Since 1991;Working and Regulations of MNC’s in India.
Recent Export and Import Policies of Government of India.

Suggested Comprehensive and Continuous Evaluation Method (Total Marks-25

Internal+ 75 External)

Suggested Reading:
1. H. G , Mannur : International Economics.
2. Sodersten , B. O : International Economics .

Program/ Semester: Tenth

Year: Fifth
Class:
40
 Certificate-
Bachelor
Degree with
Research and
MA
Economics
Subject: Economics
Course Code: Course Title: P24- Economics of Growth and
A081003T Development- II.

Course Learning Outcomes

Credits: Elective
5
Max. Marks: - Min. Passing Marks:
Total No. of Lectures-Tutorials (in hours per week): L-20, T-4
No. of
Un Topi
it cs Lectures
Classical Theory of Development -Contributions of Adam 15
Smith, Ricardo ,Malthus , and James Mill , Karl Marks and
I Development of Capitalistic Economy – Theory of Social
Change ,Surplus Value and Profit ,Crisis in Capitalism –
Schumpeter and Capitalistic Development , Structural
Analysis of Development .
Partial Theories of Growth and Development , -Vicious 15
Circle of Poverty , Circular Causation , Unlimited Supply of
II Labour , BIG Push , Balanced Growth , Unbalanced Growth ,
Critical Minimum Effort Thesis , Low Level Equilibrium
Trap , Dualism- , Technical , Social , Geographical and
Financial , Gunar Myrdals Cumulative Causes Theory ,, Ranis
and FEI Model , Rostow and Stages of Growth.
Role Of Agriculture in Economic Development ; Efficiency
and Productivity in Agriculture , New Technology and 15
Sustainable Agriculture , Globalisation and Agricultural
III
41
 Growth ; Rationale and pattern of Industrialisation in
Developing Countries The Choice of Techniques and
Appropriate Technology and Employment; Terms of Trade
Between agriculture and Industry.
International Trade as Engine of Growth , Static and Dynamic
Gains From Trade ; Prebisch , Singer and Myrdal Thesis vs 15
IV Free Trade; Export Led Growth ; Dual gap Analysis ;Post
GATT International Economic Order.

Role of Monetary and Fiscal Policies in

V Developing Countries – Prior Savings , Inflation 15
and Growth , Empirical Evidence ; Empirical
Evidence External Resources – FDIvs trade,
Technology Inflow ; MNC Activity in
Developing Countries ; Borrowings – Domestic
and External ; Burden of Borrowing – IMF and
World Bank Policies in Developing Countries.

Suggested Comprehensive and continuous Evaluation Method (Total Marks-25)

Suggested Reading: 1. Mishra and Puri ; Development and Planning.

3. 2.Todaro; Growth and Development.
3.A. P. Thirlwal : Growth and Development.

Program/ Semester: Tenth

Year: Fifth
Class:
Certificate -
Bachelor
Degree with
Research and
MA
Economics
Subject:
Economics
Course Code: Course Title: P25- Advance Statistics

42
 A081004T

Course Learning Outcomes

●

Credits: Elective
5
Max. Marks: - Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week): L-20, T-5
-4
No. of
U Topic
ni s Lectures
t
Elementary Probability Theory. Addition and 15
Multiplication Theorems , Conditional Probability and
I Concept of Interdependence , Bay’s Theorem , Random
Variables , Mathematical Expectation , Probability
Distribution : Binomial , Poisson and Normal .
Theory of Sampling : Types of Sampling , Small and Large 15
Samples, Sampling Distribution: Distribution of Sample Mean
II
, Central Limit Theorem.

Estimation- Point and Interval Estimates of Mean ,

Characteristics of Good Estimator , Small and Large 15
II Sample Properties , Multiple Regression (Introductory) ,
I Standard Error of an Estimate.

Testing Of Hypothesis : Type I and Type II Errors ;Level

15
IV of Significance ; Interpretation of P Value , Good ness of
Fit , Confidence Intervals and Level of Significance , One
tail and Two Tail Tests ; Hypothesis Testing of Means and
Variance based on t and Z Tests.

43
 . Association of Attributes , Definition ,Properties
V and uses of Chi Square Test , Conditions of 15
Applying Chi Square Test. Analysis Of Variance
and F Test ,

Suggested Comprehensive and continuous Evaluation Method (Total Internal Marks-

25, Theory Exam -75)

Suggested Reading: 1. S. P Gupta : Statistical Methods .

2-Shukla and Sahai : Advance Statistics.
3-K. L Gupta : Advance Statistics.

Program/ Semester: Tenth

Year: Fifth
Class:
Certificate
Subject:
Economics
Course Code: Course Title- P26, Econometrics
A08105T

Course Learning Outcomes

●

Credits: Elective
5
Max. Marks: - Min. Passing Marks:
Total No. of Lectures-Tutorials-Practical (in hours per week): L-20, P-4
No. of
Un Topi
it cs Lectures

44
 15
Basic Econometrics -Nature , Meaning and Scope of
Econometrics ; Simple and Linear Regression Model , -
Assumptions ,Estimation (Through OLS Approach) , and
Properties of OLS Estimators , Gauss – Markov
I Theorem ; Concepts and Derivation of R2 and Adjusted
R2
15
Problems in Regression Analysis – Heteroscedasticity;
Nature , Test , Consequences and Remedial Measures .
Problems of Multicollinearity and Auto- Correlation-
II
Nature , Tests ,Consequences and Remedial Measures.
Specification Errors and Errors of Measurement.
Regression with Qualitative Independent Variables-
Dummy Variable Technique- Structural Stability of 15
III Regression Models comparing to Regressions ,
Interaction Effects , Seasonal Analysis , Piecewise Linear
Regression , Use of Dummy Variables , Regression With
Dummy Dependent Variables; The LPM , Logit , Probit ,
and Tobit Models.
Dynamic Econometric Model- Autoregressive and
15
IV Distributed Lag Models – Koyack Model , Partial Adjustment
Model , Adaptive Expectations , Instrumental Variables;
Problems of Expectation ,Problemsof Auto Correlation ,
Almon Approach to Distributed Lag Models ; Error
Correlation Mechanism, Casualty test and Sim’s Test

.Simultaneous Equation Models – Introduction

V 15
and Examples , The Simultaneous Equation Bias
and Inconsistency of OLS Estimators ; The
Identification Problem- Order and Rank
Conditions ; Methods of Estimation of
Simultaneous Equation System ; Recursive
Methods and OLS ,; Indirect Least Squares (ILS)
, 2SLS , 3SLS and Maximum Likelihood
Methods – Applications ,

Panel data Techniques; Forecasting.

45
 Comprehensive and continuous Evaluation Method (Total Marks- 25 Internal)
Suggested Reading :
1.. Koutsoyiannis , A : Theory of Econometrics .
2. Gujrati , D. N – Basic Econometrics .
3. Dongherty , C.: Introduction to Econometrics

Program/ Semester: Ninth

Year: Fifth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: A080906T Course Title: P27- Industrial Economics

Course Learning Outcomes

Credits: Core Compulsory

5
Max. Marks: -75+25 Min. Passing Marks:
Total No. of Lectures-Tutorials (in hours per week): L-20, T-4
No. of
Un Topi
it cs Lectures
Scope and Methodology of Industrial Economics Market 15
Structure and Behaviour of a Firm ,Concept and Organization
I of a Firm – Ownership , Control and Objectives of The Firm ,
Passive and Active Behaviour of The Firm. Productivity ;
Efficiency and Capacity Utilisation, Methods of Measuring
Efficiency of a Firm , diversification, Integration and Merger.

46
 Elasticity of Demand and Business Decision- 15
Making .Demand Forecasting , Pricing Procedures-
Theoretical and Pricing in Practice ; Investment
II Decisions ;Financial Statement and Ratio Analysis,
Economics of Patents , Adeption and Diffusion of
Innovation.

Theories of Industrial Location – Weber , and Sargent

Florence; Factors Affecting Location. Economies of Scale ; 08
Market Structure and Profitability
III
Industrial Finance- - Sources, Nature , Volume and types
of Institutional Finance – IDBI,IFCI, SFCs, SIDC, SIDBI , 15
IV Commercial Banks ,Capital Structure , Separation of
Ownership and Control. Financial Statement- Balance
Sheet, Profit and Loss Account , Assessment of Financial
Soundness
Structure of Industrial Labour ; Employment Dimension of
V Indian industry , Industrial Legislation , Industrial relations 15
– Exit Policy and Social security; Wages and Problems of
Bonus – Labour Market Reforms .

Suggested Comprehensive and continuous Evaluation Method (Total Marks-25)

Suggested Reading:
1. R. R. Barthwal : Industrial Economics .
3. Mish and Puri : Economics of Development and Planning.

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 Program/ Semester: Tenth
Year: Fifth
Class:
Bachelor
Degree with
Research and
M.A.
Economics
Subject:
Economics
Course Code: Course Title: P- 28, Research Project
A081006R

Course Learning Outcomes

On completion of this course, learners will be able to:

● To understand the process of complete research projects.

● Students will be able to understand the process of research in Economics.

● Students will understand the fundamentals of research process in social

sciences.
Credits: Core Compulsory
8
Max. Marks: -50+50 Min. Passing Marks:
48
 Total No. of Lectures-Tutorials-Practical (in hours per week): L-20, T-4
No. of
Topi
cs Lectures
The student will prepare a Research Project 60
under The Supervision of a Teacher on a
relevant Topic in The Field of Economics.

Suggested Evaluation Method (Total Marks-100, Project-50,viva-voce-50)

Internal – 50 (25+25)
External – 50(25+25)

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