M.A.

Economics

Syllabus

SCHOOL OF DISTANCE EDUCATION

ONLINE MODE

2022 – 2023 onwards

BHARATHIAR UNIVERSITY
(A State University, Accredited with “A” Grade by NAAC,
Ranked 15th among Indian Universities by MHRD-NIRF,
Coimbatore - 641 046, Tamil Nadu, India
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Program Educational Objectives

To teach the latest developments in the principles of economic theory.

To equip students with tools of econometrics for applied economic research.
To teach applications of theories in analyzing current economic problems.
To develop skills to evaluate the opportunities available in the field of
Economics.
To continuously enhance academic rigor and research outcomes.
To analyze global economic issues from different perspectives and apply them
across globe in the field of Economics.
To understand the importance of inclusion, development and sustainability in
order to resolve related local, national and global issues
To create continuous learning environment for engaging themselves to update
with new knowledge in Economics.
To nurture global human capital, future leaders and problem-solvers to become
employable and sensitized world citizens.
To demonstrate digital literacy by developing skills and ability to adopt online
tools and other interfaces to develop resources that adapt to industry 4.0

2
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Program Specific Outcomes

After the successful completion of M.A Economics program, the students are expected to
To apply economic theories and to expand the problem-solving acumen.
They will be taught the applications of theories in analyzing current economic problems
Conscious about the socio-economic environment, both domestic and international and its
implications on business.
The students of Economics can easily crack the competitive examinations and can
become successful in getting employment opportunities.
Open up research opportunities in the national level premier educational institutes.
The character building of students and makes them responsible citizens.
The students are exposed to national and international problems and hence they will have a
thorough understanding of national and international economic events.
To understand the importance of inclusion, development and sustainability in order to resolve
related local, national and global issues.
To foster a spirit of scientific inquiry and creativity.
To geared up for advanced level of studies.

3
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Programme Outcomes
On successful completion of the M.A. Economics program
Identify the standard level of growth and development of the economy of the country and
to determine and frame planning policies.
Identify and formulate the research design, analyze data and be able to unite the
research report and provide valid inferences.
Understand the concepts of national income, macroeconomic variables such as multiplier,
consumption, investment and general equilibrium.
To gain mathematical knowledge for better understanding of economic concepts and theory
and ability to apply the knowledge in the formulation and validation of economic theories.
Understand and apply the knowledge of the industrial economics on location,
efficiency, productivity and industrial policies
Frame monetary policies, understand and analyze the value of money, cash balance,
capital markets and banking system and hence improve the ability to compare central
bank function with that of the other countries.
To understand how the individuals and firms allocate their scarce resources and to provide
training and employment.
Improve the ability to formulate theories and economic models to test and validate the
concepts with practical knowledge.
Used to estimate the specific figures which enable them to predict future economically
oriented events.
Engage effectively with computer knowledge especially Windows, LINUX and other software
and to analyze and interpret the data.

4
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

BHARATHIAR UNIVERSITY, COIMBATORE- 641046

M.A Economics Curriculum
(For the students admitted during the academic year 2022–23 onwards)

Maximum Marks
Course Title of the Course Credits CIA ESE Total
Code
FIRST SEMESTER

Paper I Advanced Micro Economics – I 4 25 75 100

Paper II Economic Development 4 25 75 100
and Policies
Paper III Marketing Management 4 25 75 100
Paper IV Econometrics 4 25 75 100
Elective I Principles of Management 4 25 75 100
Total 20 125 375 500
SECOND SEMESTER
Paper V Advanced Micro Economics II 4 25 75 100
Paper VI Macro Economics 4 25 75 100
Paper VII Agricultural Economics 4 25 75 100
Paper Quantitative Techniques for 4 25 75 100
VIII Managerial Decision
Paper IX Industrial Economics 4 25 75 100
Elective II Financial Services 4 25 75 100

24 600
Total 150 450

THIRD SEMESTER
Paper X Monetary Theory and Policies 4 25 75 100
Paper XI Research Methodology 4 25 75 100
Paper XII Computer Applications 4 25 75 100
in Economics (theory)
Paper XIII Environmental Economics 4 25 75 100

Paper XIV Labour Economics 3 20 55 75

Elective III Services Marketing 4 25 75 100

Total 23 145 430 575

5
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

FOURTH SEMESTER
Paper XV Public Economics 4 25 75 100

Paper XVI International Economics 4 25 75 100

Paper XVII Human Resource 3 20 55 75

Management
Project Work (160 marks project & 40marks 8 40 160 200
viva- voce)
Elective IV International Business 4 25 75 100

Total 23 135 440 575

Grand Total 90 555 1695 2250

6
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

First Semester

7
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code ADVANCED MICRO ECONOMICS-I

Core CORE PAPER – I
Microeconomics and Basic Mathematics Syllabus
Pre-requisite 2022-23
Version
Course Objectives:
The main objectives of this course are:
To impart knowledge on the behavior of the individuals and firms in making decision on the
allocation of scarce resources.
To understand the fundamental concepts and theories of Microeconomics.
To equip the students with the basic tools and methods of economic analysis.
Expected Course Outcomes:
On the successful completion of the course, student will be able:
To understand the economic theories and concepts.
To understand about the demand potentials.
To analyze the production and cost.
To gain knowledge and to evaluate the price and the output for various markets.
To construct the knowledge of policy decision.

Unit:1 Theories of Demand

Theories of demand – utility; indifference curve - income and substitution effects,
Slutsky theorem, compensated demand curve – Revealed preference theory; Revision of demand
theory by Hicks.

Unit:2 Production Function

Production function – Multi Product firm; Elasticity of substitution; Euler's theorem;
Technical progress and production function; Cobb-Douglas and CES. Traditional and modern
theories of costs – Derivation of cost functions from production functions.

Unit:3 Marginal Analysis

Marginal analysis - price and output determination; perfect competition – short run and
long run equilibrium of the firm and industry, price and output determination, supply curve;
Monopoly – short run and long run equilibrium, price discrimination, monopoly control and
regulation; Monopolistic competition – general and Chamberlin approaches to equilibrium,
equilibrium of the firm and the group with product differentiation and selling costs, excess
capacity under monopolistic and imperfect competition, criticism of monopolistic competition

Unit:4 Oligopoly Models

Oligopoly – Non-collusive models – Cournot, Bertrand, Edgeworth, Chamberlin, kinked
demand curve and Stackelberg's solution) and collusive models - Cartels and mergers, price
leadership – price and output determination under monopsony and bilateral monopoly;

8
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Unit:5 Behavioral Models

Baumol's Sales revenue maximization model; Williamson's model of managerial
discretion; Marris model of managerial enterprise; Full cost pricing rule; Behavioral model of
the firm (Cyert and March Model).

Book(s) for study

1 Koutsoyiannis.A (1979) Modern Microeconomics, Macmillan Press, London.
2 HL AHUJA (2009) Advanced Economic Theory S.Chand & Co

Book (s) for Reference

1 Baumol. W.J. (1982) Economic Theory and Operations Analysis. Prentice Hall of India
2 Hirshleifer J and A. Glazer (1997) Price Theory and Applications, Prentice Hall of India,
New Delhi.
3 Henderson J.M. and R.E. Quandt (1980) Microeconomic Theory; A Mathematical
Approach, McGraw Hill, New Delhi

9
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code ECONOMIC DEVELOPMENT AND POLICIES

Core CORE PAPER – II
Models of economic growth and development Syllabus
Pre-requisite Version 2022-23
Course Objectives:
To equip with strong economic fundamental governance and the process of economic
development.
To understand the alternative theories of growth.
To know the theories of underdevelopment and growth in developing countries.
To equip with the current development issues.

Expected Course Outcomes:

Create the knowledge about the economic theories and growth models.
Provide an illustration of Indian economy.
Construct the knowledge of economic planning and growth.
To critically evaluate the current economic issues.
To construct a critical study on the development of the economic scenario.

Unit:1 Measurement of Economic Development

Economic Development: Measurement of Economic Development- Schumpeter‟s theory
of Development-Keynes-Rostow‟s stages of Economic Growth-Big Bush theory.

Unit:2 Doctrine of balanced growth

Doctrine of balanced growth-Concept of unbalanced growth-Growth Models-Harod-Domar –
Joan Rabinson‟s model of capital accumulation-Meade‟s noe-classical model-Solow Model of Long
Run Growth-Kaldor’s model of growth.

Unit:3 Human Resource Development

Size and Growth rate of population in India-Human Resource Development-Measurement
of Poverty-Poverty Eradication Programmes.

Unit:4 Economic planning

Economic planning-Planning process in a mixed economy - Need for Foreign Capital-
Forms of Foreign Capital-Multinational Corporations and foreign collaborations – India’s
Balance of Payments-Export Promotion Policies.
Unit:5 Current Economic Issues
Current Economic Issues- New Economic Policies since 1980-Privatilisation: Policies
and practices-Deregulations and Delicensing – Globalisation – Public Sector Disinvestments-
Liberal
foreign trade regime – New EXIM Policies-Structural adjustments in the Indian Economy –

10
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Budgetary policies and control.

Book(s) for study

1 S.M.Meier: “Leading Issues in Economic Development” Oxford University Press, New York.
2 Kindleberger: Economic Development Mc Graw Hill, New York.

Book(s) for Reference

1 Indian Economic Survey for Different Years
2 Human Development Report for Different Years: Published for the United Nations Development
Programme (UNDP), Oxford University Press.
3 Survey of the Environment for different years: Published by The Hindu.
4 Indian Development Report for different years: Indira Gandhi Institute of Development
Research, Oxford University Press.
5 Economic Development in India-Achievements and Challenges: A World Bank Study.

11
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code MARKETING MANAGEMENT

Core CORE PAPER – III
Syllabus
Pre-requisite Principles of Marketing Management 2022-23
Version
Course Objectives:

To impart basic theoretical skills in several functional areas to understand market behaviour.
To find and generate information/data needed to inform problem solving in marketing using
appropriate methodology.
To know contemporary marketing nature and management practice.
To understand complex marketing issues by using relevant theories with regard to ethical
conduct.

Expected Course Outcomes:

To understand about market planning and market environment.
To know about consumer behaviour in the context of market segmentation.
To expose with product promotion branding and pricing techniques
To express the various channels of distribution.
To gain knowledge on marketing strategies and consumer rights.

Unit:1 Marketing Management & Consumer

Behaviour
Marketing: Definition of marketing classifications of Markets-functions of marketing -
objectives –importance of Marketing–Marketing and Economic Development- Marketing
Environment- Marketing Management- Consumer Behaviour.

Unit:2 Marketing Mix

Marketing Mix: Concepts, components: Product mix, price mix, promotion mix and place
mix. Product: Meaning, product planning, product positioning, New product development -
product life cycle- Branding- Packaging- Labeling- Pricing: pricing objectives- Factors-Methods
and procedures.

Unit:3 Promotion
Promotion: Meaning of promotion mix-Components of promotion mix- Advertising:
Message, advertisement budgeting-Sales promotion, personal selling and publicity.

Unit:4 Distribution
Distribution: Channels of Distribution-Need, functions, types, evaluating the channel
alternatives- Physical Distribution: Objectives, order processing, transport, storages and
warehousing, inventory control.

12
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Unit:5 Competitive marketing Strategies

Competitive marketing Strategies: Leaders – Challengers – Followers – Nichers – Marketing
control: Meaning, types, steps essentials of effective marketing control – Consumer protection:
Needs – Methods of consumer protection - Consumer protection in India.

Book(s) for study

1 Philip Kotler : Principles of Marketing-Prentice of India Private Limited. New Delhi
2 S.M.Jha & : Marketing Management in Indian.

Book(s) for Reference

1 S.P.Singh : Perspective - Himalaya Publishing House. Delhi.
2 R.S.Davar : Modern Marketing Management –Progressive Corporation, Bombay.

13
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code ECONOMETRICS

Core CORE PAPER – IV
Econometric models and methodology of Syllabus
Pre-requisite 2022-23
econometric research. Version
Course Objectives:

To understand the methodology of econometrics with the help of statistical and mathematical
techniques.
To test the priority relationship among economic variables.
To approach economic theory quantitatively.
To enable hypothesis testing and model selection

Expected Course Outcomes:

To demonstrate the econometrics models.
Understand the nature and scope of econometrics as a social science
Use appropriate tests to detect autocorrelation
Evaluating the simultaneous equation model
To develop the skills of selecting appropriate data and estimate an econometric model.

Unit:1 Scope of Econometrics

Definition, scope and division of econometrics- methodology of econometric research-
correlation theory- simple linear regression model- justification for the inclusion of U- ordinary least
Squares Method (OLS)

Unit:2 Test of Significance and the Estimates

Statistical test of significance of the estimates- properties of the least squares estimates-
multiple regression and other extensions of the simple linear regression model- regression and
analysis of variance.

Unit:3 OLS Models

OLS assumptions –violation of OLS assumptions - Autocorrelation, hetroskedasticity,
multicollinearity- error in variables, dummy variables, lagged variables and distributed lag
models.

Unit:4 Models of Simultaneous Relationships

Models of simultaneous relationships: simultaneous equation models-problem of
identification- conditions of identification – methods of estimations –Ordinary Least Squares (OLS),
Two-Stage Least Squares(2SLS), Three- Stage Least Squares(3SLS).

Unit:5 Estimation of compound rate of growth

Estimation of compound rate of growth - consumption function, estimation of elasticity of
demand- Estimation of production function- Measurement of technical change.

14
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Koutsoyiannis.A. : Theory of econometrics: an introductory exposition of the
econometric methods”, educational low-priced books
scheme, mac millan education Ltd., (1992)
2 Gujarati.D : Basic Econometrics, Printice Hall. (2004)

Note: problems may be asked only from the following areas

(a) correlation
(b) simple and multiple regression
(c) compound rate of growth

15
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code PRINCIPLES OF MANAGEMENT

Elective Elective I
Managerial Analysis and Decision-Making Syllabus
Pre-requisite 2022-23
Version
Course Objectives:

To learn the basic functions, principles and concepts of management.

To understand the application of the principles in an organization.
To enable the effective and barriers of communication in the organization.
To study the system and process of effective controlling in the organization.

Expected Course Outcomes:

To summarize the nature and scope of management.
To understand the importance of planning and decision making.
To review the classification of organization and understanding its structure.
To analysis the need for delegation, centralization and staffing.
To outline the importance of controlling in an organization.

Unit:1 Nature and Scope of

Management
Nature and Scope of Management process – Management Science, Art, Development
Management - Scientific Management.

Unit:2 Planning
Planning: Meaning and purpose of planning - steps in planning - Types of planning.
Decision making: process of Decision making - type of decisions – problems involved in decision
making.

Unit:3 Organizing
Organizing: Types of organization - Organizational structure - span of control -use of Staff
units and committees.

Unit:4 Delegation
Delegation: Delegation and centralization - Line and Staff relationship. Staffing: Sources
of recruitment - Selection process - Training.

Unit:5 Directing
Directing: Nature and purpose of Directing Controlling: Need for co-ordination - meaning
and importance of controls - control process.

16
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 L.M. Prasad - Principles & Practices of Management, Sultan Chand & Sons, New Delhi.
2 VSP Rao, V.Hari Krishna –Management, Excel Books.

Book(s) Reference
1 Dale, Ernest - Management theory and Practice.

17
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Second Semester

18
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code ADVANCED MICRO ECONOMICS-II

Core CORE PAPER – V
Application of Micro Economic Behaviour and
Syllabus
Pre-requisite Models. 2022-23
Version
Course Objectives:

To inculcate the knowledge of theories of distribution and economic behavior under

uncertainty
To understand the microeconomic concepts and its applications in real-life situations.
To know about the partial and general equilibrium conditions.

Expected Course Outcomes:

To understand basic concepts of micro economics and acquire analytical skills to analyse
problems of economic policy.
To understand the theoretical arguments.
To analyse various theories of distribution.
To gain knowledge of the optimal conditions and principles.
To construct the economic models as an approach.

Unit:1 THEORY OF DISTRIBUTION

Neo- classical approach – Marginal productivity theory; Product exhaustion theorem;
Elasticity of technical substitution, technical progress and factor shares; Theory of distribution in
imperfect product and factor markets; Macro theories of distribution – Ricardian, Marxian, Kalecki
and Kaldor's.

Unit:2 WELFARE ECONOMICS

Pigovian welfare economics; Pareto optimal conditions; Value judgement; Social welfare
function; Compensation principle; Theory of Second Best – Arrow's impossibility theorem.

Unit:3 PARTIAL AND GENERAL EQUILIBRIUM

Partial and general equilibrium, Walrasian excess demand and input – output approaches to
general equilibrium, monopolies; two sector models, relationship between relative commodity and
factor prices.

Unit:4 INDIVIDUAL BEHAVIOUR

Individual behaviour towards risk, expected utility and certainty equivalence approaches,
risk and risk aversion – cost and risk, risk pooling and risk spreading, mean-variance analysis and
portfolio selection.

Unit:5 DECISION MAKING

Decision Making under uncertainty - Optimal consumption under uncertainty – competitive
firms under uncertainty - factor demand under uncertainty - criteria for decision under uncertainty -
stochastic models in inventory demand.

19
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Stigler, G. (1996) Theory of Price, Prentice Hall of India, New Delhi.
2 Sen, A (1999) Microeconomics: Theory and Applications. Oxford University Press, New
Delhi.

Book(s) for Reference

1 Baumol. W.J. (1982) Economic Theory and Operations Analysis. Prentice Hall of India,
New Delhi.
2 Baumol. W.J. (1982) Economic Theory and Operations Analysis. Prentice Hall of India,
New Delhi.

20
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code MACRO ECONOMICS

Core CORE PAPER – VI
Macroeconomic models, theories Syllabus
Pre-requisite 2022-23
and techniques. Version
Course Objectives:

To develop knowledge on theories, models and policies this governed the functioning of the
different domains of the macroeconomic system.
To know of the major issues in the field of macroeconomics.
To provide knowledge on the macroeconomic techniques.
Expected Course Outcomes:
To understand the sectoral flow of national income in the economy.
To evaluate a critical insight on classical and Keynesian macro economics models.
To evaluate critically on consumption function and investment function.
To know the contributions of Friedman, Phelps and Phelps in uncertainty.
To construct the sound knowledge of macro economics policy.

Unit:1 NATIONAL ECONOMIC CONCEPTS

Flow of Funds in National Economy – National Products and Related Concepts –
Sectoral Accounts – Measurements and Problems in National Income Accounting – Use of
Current and Constant Price indices – Basic Concepts.

Unit:2 GENERAL EQUILIBRIUM

Basic Equilibrium in Classical Model – Basic Keynesian Model – Equilibrium in the
Product and Money Markets – Multiplier – Full Employment Budget Surplus – The Liquidity Trap
– Employment and Wage Rigidity – General Equilibrium in Goods and Bond Markets.

Unit:3 CONSUMPTION FUNCTION

Consumption Function – Keynes Absolute Income Hypothesis – The Relative Income
Hypothesis – Permanent Income Hypothesis – The Life Cycle Hypothesis.

Unit:4 INVESTMENT FUNCTION

Investment Demand – Keynesian Approach – Accelerator – Multiplier – The Post-Keynesian
Approach - The Neo- Keynesian Approach – Lags in Investment Demand – Stability and
Slope of the IS Curve and Policy Consequences.

Unit:5 GENERAL ECONOMICS POLICY

Role of Expectation – Uncertainty and Economics and Policy – The Phillips Curve –
Expectation in Short-run Phillips Curves – The Friedman and Phelps Argument – The shifting
of Short-run Phillips Curve – The Long-run Phillips Curve.

21
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Gupta S.B. (19830, “Monetary Economics”, S.Chand Co., Delhi.
2 McConnell C.R.& Gupta H.C. (1987) ”Introduction to Macro Economics”, Tata McGraw
Hill Delhi.

Book(s) for Reference

1 Boland D. (1982), “The foundations of Economic Method”, George Allen and Unwin,
London.
2 Branson W.H. (1972),”Macro Economic Theory & Policy”, Harper & Row, New York.

22
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code AGRICULTURAL ECONOMICS

Core CORE PAPER –VII
Agricultural Economics Policies Syllabus
Pre-requisite 2022-23
and Issues. Version
Course Objectives:
To provide a detailed treatment of issues in agricultural economics to those intending to
specialize in this area.
To understand the policy issues relevant to Indian agricultural economics.
To know about agriculture marketing functions and costs.
To understand the role of capital and rural credit for agriculture.

Expected Course Outcomes:

To understand the nature and scope of agricultural economics.
To understand the various land reforms and the importance of land policies.
To familiarize with production functions in agriculture and productivity.
To analyse agriculture marketing functions.
To construct the role of capital and rural credit.

Unit:1 NATURE OF AGRICULTURE ECONOMICS

Nature and scope of agricultural economics; Traditional agriculture and its modernization;
Role of agriculture in economic development; Interdependence between agriculture and industry.
Models of interaction between agriculture and the rest of the economy; Agricultural development,
poverty and
environment.

Unit:2 LAND REFORMS

Principles of land utilization – Land distribution – Structure and trends – Land values and rent
– Land tenures and farming systems – Peasant, capitalist, collective and state farming Tenancy and
crop Sharing – Forms, incidence and effects – Land reform measures and performance.

Unit:3 RESOURCE USE AND EFFICIENCY

Resource use and efficiency; Production function analyses in agriculture - Factor combination
and resource substitution - Cost and supply curves - Size of farm and laws of returns - Farm
budgeting and cost concepts – Supply response of individual crops and aggregate supply.

Unit:4 AGRICULTURAL MARKETING

Agricultural markets and marketing efficiency – Marketing functions and costs – Market
structure and imperfections – Regulated markets – Marketed and marketable surplus – Behaviour Of
agricultural prices – Cobweb model; Price and income stability; State policy with respect to
agricultural marketing – Warehousing Prices – Taxation and crop insurance – Terms of trade between
agricultural and non- agricultural prices – Need for state intervention – Objectives of agricultural
price policy – Instruments and evaluation – Food security in India and public distribution system.

Unit:5 AGRICULTURAL CREDIT

Role of capital and rural credit – Organized and unorganized capital market - Rural savings
and capital formation – Characteristics and sources of rural credit – Institutional and non-institutional

23
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

– Reorganization of rural credit – cooperatives, commercial banks, regional rural banks – Role of
NABARD.

Book(s) for study

1 Kaur. R. (1975) Agricultural Price Policy in Economic Development, Kalyani Publishers,
Delhi.
2 Raj. K.N. et.al. (1988), Essays in the Commercialization of Indian Agriculture. Oxford
University Press, New Delhi.

Book(s) for Reference

1 Bardhan.P. (1984) Land. Labour and Rural Poverty, Oxford University Press, New Delhi
2 Chadha, G.K. and A.N. Sharma (1997) Growth, Employment and Poverty : Change and
Continuity in Rural India, Vikas Publishing, New Delhi.

24
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code QUANTITATIVE TECHNIQUES FOR

MANAGERIAL DECISIONS
Core CORE PAPER – VIII
Application Of Quantitative Techniques And Syllabus
Pre-requisite 2022-23
Their Application In Management Decisions. Version
Course Objectives:
The main objectives of this course are:
To enable students to acquire knowledge on basic concepts of mathematics relevant to
economic analysis.
To provide the students with the theoretical and practical necessary to do applied quantitative
techniques.

To provide the students with the theoretical necessary to do applied quantitative techniques.

Expected Course Outcomes:

On the successful completion of the course, student will be able:
To understand the various quantitative techniques in managerial practices.
To apply the mathematical tools to test and formulate the economic theories.
To analyze the various techniques of derivatives and their applications.
To analyze the quantitative tools for managerial decision.
To understand the practical knowledge of decision making.

Unit:1 SET THEORY

Set Theory: Operations on sets and Law of set operations –solutions of simple equations –
solutions of Quadratic equations – Solution of Linear simultaneous Equations in two and three
variables.

Unit:2 RELATIONS AND FUNCTIONS

Relations and Functions: Functions of one variable – straight line, parabola, rectangular
hyperbola Exponential and logarithmic functions. Concave and Convex functions – Applications in
business Economics.

Unit:3 DERIVATIVES AND ITS APPLICATION

Derivatives and their interpretation and techniques of derivatives- Higher order derivatives-
Relationships among Total, Average, and Marginal of Revenue and Cost and Elasticity of Function.
Functions of two variables – Partial derivatives and their applications in economics.

Unit:4 OPTIMISATION
Optimisation problems involving one or two variables -– Applications in Economics
– Homogeneous function and their properties, Euler’s Theorem, Cobb-Douglas and CES Production
Function and their properties.

Unit:5 Title of the Unit (MATRIX ALGEBRA)

Matrix Algebra – Determinants and properties, Types of Determinants – Matrix, Null Matrix,
Unit Matrix, Multiplication and Scalar Matrix, Operations – Addition and Subtraction of Matrix,
Multiplication – Transpose of a Matrix and Inverse of Matrix. Solutions for simultaneous equations
– Crammer’s Rule.

25
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Mabbett A.J.,”Workout Mathematics for Economists”, ELBS, Macmillan.
2 Medha and Madnani,” Mathematics for Economics”, Sultan Chand, New Delhi.

26
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code
INDUSTRIAL ECONOMICS
Core CORE PAPER-IX
Understanding of Industrial Policies Syllabus
Pre-requisite 2022-23
Version
and Development.
Course Objectives:

To know about the industrial efficiency and business motives.

To understand the broad range of the methods and models applied by economists in the analysis
of firms and industries.
To provide adequate knowledge on the determinants of industrial productivity and labour
productivity.
It motivates the student to become an entrepreneur.

Expected Course Outcomes:

To understand the scope of industrial economics and motives of the organizational firm.
To evaluate economic theories of location and their importance.
To investigate the scope and significance of industrial productivity.
To examine the concentration of economic power and the application of industrial policies.
To evaluate the industrial backwardness and regional disparities.

Unit:1 INDUSTRIAL EFFICIENCY

The scope of Industrial economics - Industrial efficiency- the determinants of economic
efficiency-measurement of efficiency levels- Types of organizational Firm and alternative motives
of the Firm- Business motives- The efficiency and the size of the Firm.

Unit:2 INDUSTRIAL LOCATION

Industrial location- The Geographical contribution - The economic theories of Location-
Weber’s theory of location- Split location- Sargent Florence theory -Losch theory- Industrial location
trends in India.

Unit:3 INDUSTRIAL PRODUCTIVITY

Industrial productivity- Measurement of Productivity- Scope and significance-Tools of
productivity- Factors influencing industrial productivity- Labour productivity-determinants of
productivity.

Unit:4 INDUSTRIAL POLICIES

Industrial policies- 1948 to till date- Concentration of Economic Power-Measurement of
concentration- LPG Policies-Industrial combination-Types-Growth-Forms-Combination in India.

Unit:5 REGIONAL DEVELOPMENT

Balanced regional development-Indicators of regional imbalance-Distribution of Industries-
Causes of economic backwardness-Criteria for industrial backwardness-Identification of Industrial

27
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

backward areas Policy measures to remove regional disparities.

Book(s) for study

1 Cherunilam F (1994) Industrial Economics: Indian perspective Himalaya Publishing House,
Mumbai.
2 Hay, D, and D.J.Morris(1979) Industrial Economics: Theory and Evidence. Oxford University
Press, New Delhi.

Book(s) for Reference

1 Ahluwalia, I.J (1985), Industrial Growth in India, Oxford University press, New Delhi.
2 Barthwal.R.R (2006) Industrial Economics, New Age International Publishers, New Delhi.

28
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code FINANCIAL SERVICES

Elective Elective II
Syllabus
Pre-requisite Financial Services and Activities 2022-23
Version
Course Objectives:

To introduce fee-based financial services provided by financial companies,

To know the salient features and importance of financial services.
To understand the present position in the Indian financial sector.

Expected Course Outcomes:

To understand with the services offered by various financial services companies.
To analyze the profitability of stock broking and depository services.
To analyze the profitability of stock broking and depository services.
To understand the different ventures to invest money and the concept of mutual
funds and select profitable funds.
To examine contemporary issues including the level of personal saving

Unit:1 Merchant Banking

Merchant Banking – Meaning, nature and functions; merchant banking in India, role in
issue management; classification and regulation of merchant bankers by SEBI. NBFC- Types of
NBFC- NBFC in India..

Unit:2 Stock Broking & Depository Services

Stock Broking – meaning- types of stockbrokers-sub-brokers- stock broking in India- e-
broking (meaning). Indian experience Depository Services: meaning- role of depositories and
their services- Functioning of depository system- Depositories in India – NSDL & CDSL-
Depository participants (DPs) and their role.

Unit:3 Credit Rating & Securitization

Credit Rating: meaning- rating methodology- importance of credit rating- credit rating
agencies in India including Small & Medium Enterprises Rating Agency (SMERA).
Securitization of debt – Meaning- Features-Types- Benefits of Securitization- Issues in
Securitization.

Unit:4 Mutual Funds

Meaning of Mutual Funds – Type of Mutual Funds – Advantages of mutual Funds – Mutual
Funds in India- SEBI Guidelines on Mutual Funds.

Unit:5 Leasing, Hire Purchase and Venture

Capital
Lease Financing: Meaning- definition and types of lease agreements- advantages and
disadvantages from the point of view of lesser and lessee. Hire Purchase Finance: meaning,
concepts of hire purchase finance. Venture Capital Financing: meaning, importance/need, scope of
venture capital finance.

29
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Agarwal O. P. (2005): Environment and Management of Financial Services, Mumbai,
Himalaya.
2 Batra G. S. (1999): Financial Services: New Innovations, New Delhi, Deep& Deep.

Book(s) for Reference

1 Bhole L. M. &Mahakud J. (2009): Financial Institutions and Markets: Structure, Growth &
Innovations, New Delhi, Tata-McGraw Hill, 5e .
2 Khan M. Y. (2004): Financial Services, New Delhi, Tata McGraw-Hill.

30
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Third Semester

31
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code MONETARY THEORY AND POLICES

Core CORE PAPER – X
Syllabus
Pre-requisite Theories on Monetary and Policies 2022-23
Version
Course Objectives:
To understand basic concepts and theories
To know about the role of central banks and monetary policies for economic development
To provide insight about the relationship of the risk and return of the investors
Expected Course Outcomes:
To gain sound knowledge in monetary theories and banking practices.
To evaluate India’s monetary problems
To examine role and functions of commercial and central banks
To gain the knowledge about the monetary system of LDCs.
To analyse the recent development in the monetary economics.

Unit:1 Concepts of Money

Concepts – The Role Money in a Economy – Fisher’s Quantity Theory-
Cambridge Cash Balance Approach - Keynesian Theory - Modern Quantity Theory;
Friedman’s
Approach – Don Patinkin’s Theory – Tobin’s Portfolio Analysis –
Inventory Theory of Money (Baumol)..

Unit:2 Supply of Money

High Power Money – Money Multiplier Process – Determinants of Money Multiplier -
Factors Affecting– Credit Creation by Commercial Banks – NBFI.

Unit:3 Central Banks

Role of Central Banks - Development and Promotional – Functions –Credit control Methods –
RBI: Role and Functions Central Banks in UK and USA.

Unit:4 Money Markets

Characteristics of Developed and Underdeveloped Money market- The Indian Money
market- Capital Market; Primary and Secondary Market – Stock Exchange: role and its Functions,
Capital issue control and its aim -SEBI.

Unit:5 Monetary Policy

Role of Monetary Policy in Economic Development -Goals, Targets and Indicators of
Monetary Policy - Lags in monetary Policy - Inflation - Phillips Curve – Narasimhan Committee
report.

32
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Gurley and Shaw: Money in a Theory of Finance
2 Suraj B Gupta, Monetary Economics.

Book(s) for Reference

1 Chandler,L.V., Economics of Money and banking (UBS) Revised Edition.
2 Laidler,David. The Demand for Money (Allied Publisher
3 Harry G Johnson, Further Essay in Monetary Economics (Allen& Unwin).
4 Milton Friedman, Studies in the Quantity Theory of Money.
5 Milton Friedman: Inflation – Causes and Consequences
6 Gail E.Makinen: Money, Interest and the Price Level, (Prentice Hall, 1978).

33
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code REASERCH METHODOLOGY

Core CORE PAPER – XI
The Fundamental Methods and Techniques Syllabus
Pre-requisite 2022-23
of Academic Version
Research in Social Sciences and
Business Management.
Course Objectives:
1. To develop the understanding of the basic framework of research process.
2. To learn various research designs and techniques
3. To develop an understanding of the ethical dimensions of conducting applied research.
4. To appreciate the components of scholarly writing and evaluate its quality.

Expected Course Outcomes:

To identify and formulate the research problem.
To compose the objectives of research and framing hypothesis.
To develop the skills in the collection of data and its analysis
To acquire the knowledge on the interpretation of results.
To compile the research report.

Unit:1 Meaning of Research

Meaning of Research – objective of Research – formulating of Research problem – formulation
of hypothesis – Research Design: Pure, Applied, Action and Evaluation Research..

Unit:2 Sources of Data

Sources of data: Primary and Secondary sources-methods of Data collection: census and sample
survey – Data collection instruments: observation, Interview, schedules and Questionnaires –
Sampling Design: Probability and non-probability sampling methods. Secondary data sources in India.

Unit:3 Analysis of Data

Analysis of Data: Measures of central tendency: Mean Median and Mode – Measures of
Dispersion: Range, mean deviation, standard deviation variance, coefficient of variation -
Economics Applications.

Unit:4 Testing of Hypothesis

Testing of hypothesis: Parametric and non-parametric tests –Standard test of hypothesis: Z”
test, t- test, F-test and ANOVA, Chi square test - Association of Attributes.

Unit:5 Presenting Results

Presenting results: written and oral reports –stages in drafting – written researches report
– Layout of research report – Footnotes and Bibliography.

34
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 C.R.Kothari- Research Methodology, Methods and Techniques – Willey EasternLtd., 1988
2 A.N.Sadhu Research Methodology and Social sciences – Himalaya Amarjit Singh
PublishingHouse.1996.
Book(s) for Reference
1 W.J.Goode and P.K.Hatt,” Methods in Social Research”, Mc Graw Hill International
Edition
2 B.N.Gosh – Scientific Method and Social Research – Sterling Publishers (P) Ltd.,1992.

35
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code COMPUTER APPLICATIONS IN

ECONOMICS (THEORY)
Core Core Paper XII
This course provides the foundation for the computer
Pre-requisite application in economics. students should know the Syllabus 2022-23
basic components of computers and its applications. version
Course Objectives:

To enable the students to learn the basic features of hardware and software.
To understand the different components of computers and its application in economics.
To process the available data for making meaningful analysis
Expected Course Outcomes:
To become familiar with basic knowledge on computer with languages and operating packages
To draw distributive tables, graphs, and trend lines
To estimate the parameters of data analysis and interpret it
To use word processing in computers.
To gathering knowledge about MS Office

Unit:1 Basic Components of Computer

Basic components of computer CPU: input-output devices, Keyboard, Mouse, Scanner,
Monitor, Printers, Hard disk, Floppy disk, CD-ROM - Types of computers and their applications: -
Operating Systems: DOS, UNIX, WINDOWS and their salient features.

Unit:2 Hardware and Software

Hardware and Software - Language and operating packages: C and C++, Visual Basic, DBASE,
FOXPRO, SPSS: Major features and utilities.

Unit:3 Concepts of Data

Concepts of data record and file - Types of data and data structures: File handling and operations
like
opening, closing and attribute controls - Data storage and retrieval - data operations: Algorithms like
sorting merging, joining and bifurcation.

Unit:4 Data Process and Analysis

Data objects: Series, Groups, and Tables – Data type: Cross section, time series and pool data-Data
matrix: variable and observation- Data analysis: Univariate and multivariate analysis- Document
attributes - Data creation: Code sheet preparation, Data Entry-Data validation/cleaning

Unit:5 Computers and Word Processing

Computers and Word processing: MS Office: Typing, Selecting, Editing and moving texts - saving
documents - Printing documents - word formatting tools - Styles and templates - Headers, Footers,
Page formatting, Footnotes - Tabs, Columns, Sorting - Macros - Customizing word.

36
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Rajasekaran S and A.H. Wheelar,(1996) Numerical Methods in Science and Engineering
2 Sinka P.K. (1992) Computers Fundamentals, BPB Publications, NewYork.

Book(s) for Reference

1 Ram Mansfield, (1993) The Compact to Windows, Word & Excel - BPB Publications (UnitV).
2 Levin R.I AND C.A. Kirk patrick (1975) Quantitative Approaches to Management (3rd Edition),
Mc Grew Hill, NewYork.
3 Sanders D.H. (1988) Computers Today, Mc Grew Hill (3rdEdition)
4 Schildt H (1987) C Made Easy, Mc Grew Hill NewYork
5 Lip Schultz M M AND S Lipchultz (1982) Theory and problems of Data Processing schemes Out
Line Series, Mc Grew Hill NewYork.

37
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code
ENVIRONMENTAL ECONOMICS
Core Core Paper XIII
The Interaction Between Economics, Syllabus
Pre-requisite Ecology and Environment. Version 2022-23
Course Objectives:

To understand the fundamentals of ecology, environment and their relationship with economics.
To know the market inefficiencies and externalities like pollution and find the solutions to
market failures.
To study the economics behind environmental issues and policies.
Expected Course Outcomes:
To familiarize with the theories of environmental economics.
To examine the practical environmental problems and offer solutions.
To analyze the regulations and prohibition measure to protect the Environment
To assess India’s environmental policies.
To measurement the government activity against environmental problem

Unit:1 Basic Concepts of Environment Economics

The basic concepts of Environment Economics - Basic theory of Environmental
Economics - Efficiency in a private market economy - Imperfect market problems - Kaldor
- Hick’s compensation Principle - Tragedy of commons.

Unit:2 Environmental Pollution

Environmental pollution: Air, Water, Deforestation, Noise, Industrial Pollution -
Waste disposal and recycling of water. E n v i r o n m e n t a l pollution in India - Policies
of
pollution control and conservation - Protection of environment – Legal system.

Unit:3 Cost - Benefit Analysis

Cost - Benefit Analysis: Optimum Pollution - Efficient level of environmental quality -
Evaluation of environmental benefit - Direct and indirect methods.

Unit:4 Demographic Effects of Environment

Population, economic growth and environmental quality. Urbanization and
environmental problems –Second stage of Demographic Transition-Effects of over
population-Problems and its impact.

Unit:5 Environmental Actions

The collective environmental action: Regulation and prohibition Taxes, subsidies and
effluent charges, Government protection of environmental services. -Environmental
education- Awareness- Movements in India.

38
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Karpagam, M. (2005) "Environmental Economics”. Sterling Publishes Pvt. Ltd
2 S.Sankaran: Environmental E economics (2005)Margham Publications, Chennai
Book(s) for Reference
1 Baumol, Willam J. Oates, and Wallace E "Economics, Environmental Policy and the
Quality of Life”. 1977, Prentice Hall Inc
2 Eugine, T. (2006) "Environmental Economics, Virindha Publications (P) Ltd
3 Handley, Nick, J. Shogren, "Environmental Economics” and Ben
White (1999) Macmillan,
4 Abhijit Dutta, Sunita Dutta and P N Pandey, Environmental Economics
A.P.H.Publishing Corporation, New Delhi.
5 Maddu Raj Environmental Economics (2001) IVY Publishing House , New Delhi

39
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code LABOUR ECONOMICS

Core Core Paper XIV
The Labour Problems and Performance of Syllabus
Pre-requisite Version 2022-23
Trade Unions.
Course Objectives:
To analyse an individual’s labour supply as the result of the optimum division of time between
work and leisure.
To understand the investment on human capital, and its influence on the current and future labour
supply.
To develop the ability to analyse a company’s demand for work as the result of a resource
Optimisation.
To understand the role of the state and trade unions in the labour market.
To know about the labour regulations and collective bargaining and its influence on employment
Expected Course Outcomes:
Demonstrate a sound understanding of the core concepts and tools of labour economics and Policy.
To apply economic principles of labour market and contemporary academic Literature
To evaluate the nature jobs in social and economic environments
Critically evaluate government policies affecting work and jobs.
To identify and utilise the labour welfare legislation in India.

Unit1 Concept of Labour

Concept of Labour and Labour Economics-Labour Problems- Labour Market – Demand and
Supply of Labour – Characteristics of labour market in India- Recruitment Procedure and
Employment
Exchange.

Unit:2 Role and functions of Trade Unions

Role and functions of Trade Union- Theories of Trade Unionism (i) Webbs (ii) Karl Marx (iii)
Gandhi- Trade Union Movement in India-Recent Trends-Justifications of Strikes and Lockouts

Unit:3 Industrial Disputes

Industrial Disputes: Causes and Consequences- Industrial Disputes in India-
ILO Purposes- Constitution-Functions-ILO and India.

Unit:4 Industrial Relations

Need for Industrial Relation Machinery-Preventive and Curative methods -Collective Bargaining,
Arbitration and Adjudications- Industrial Democracy, concept of Workers participation
in management- Role of State in Industrial Relations.

Unit:5 Labour Welfare Concepts

Labour Welfare concept, significance, classification, Principles and programmes- Concept of
Labour in India; Factory Act, Labour Welfare Legislation in India.

40
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Text Book(s) for study

1 Tyagi P.B.(1995),Labour Economics and SocialWelfare,(JaiprakashNath&Co.Meerut),
2 Saxena R.C. (1979), Labour Problems and SocialWelfare,(K.Nath&Co,Meerut)

Book(s) for Reference

1 Pant C.(1978),Indian Labour Problems,(Allahabad,Chaitanya PublishingHouse).
2 Singh S.S., and Metha S.(1989),Labour Economics,(Ajanta Prakasham NewDelhi).
3 Singh V.N.(1980), Industrial Labour in India (Asia PublishingHouse,Bombay).
4 Mehrotra S.M.(1976),Labour Problems in India (NewDelhi,S.Chand&Co,Ltd).
5 Baholiwal T.N.(1981), Economics of Labour and Industrial Relations,(SahityBhawan,Agra).
6 Giri V.V.(1985),Labour Problems in Indian Industry (Asia PublishingHouse,Bombay).
7 Loster R.K.(1989), Economics of Labour and Industrial Relations (Macmillan &Co,New
York).

41
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code FINANCIAL MARKETS

Elective Elective III
This course deals with financial market and its
Syllabus
Pre-requisite performance so, students have basic knowledge of 2022-23
financial and capital markets. V Version
Course Objectives:
To providing knowledge on the development and functioning of Indian financial markets and its
components
To understand the features and benefits money market and capital market

To impart knowledge on the categories of derivatives markets

Expected Course Outcomes:
To conversant with the theory and practice of different financial institutions and markets.
To understand and analyse the interconnection between the monetary forces and real forces.
To familiar with the role and limitations of money market and capital market
To understand the Indian markets
To shape and influence the monetary and related policies both at the national and international levels

Unit:1 Financial Market

Financial market - An overview - Definition –Role-functions – constituents of financial market -
Indian money and capital markets. Global financial markets

Unit:2 Money Markets

MoneyMarkets-Definition-General Characteristics-Objectives-Importance-General Functions-
Segments and sub markets-Money Market instruments - Money market and capital market-Indian
money market- Global money market

Unit:3 Features of Call Money Market

Call money market-Features-Benefits-Indian call money market-nature of dealings- participants-
Modus operandi -call money rates-treasury bill market-features - CD‟s- Commercial Paper -Bankers
Acceptances – Euro Dollar -Repos- LIBOR - MIBOR-CBLO

Unit:4 Capital Markets

Capital market- Characteristics- functions-recent initiatives in Indian capital market-Stock
exchanges-meaning –definition-functions –Stock market Indices -Calculation of Indices-Regulation
of Stock Exchanges - Role of SEBI-Security Listing- Brokers- Cash market operations - margin-
Settlement

Unit:5 Derivative Markets

Derivative Market-meaning -Growth -Functions - categories of derivatives market-Forward contract
VS Future Market-Option based derivatives market

42
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Dr. S Gurusamy [2004] Financial services and markets Vijay Nicole imprints Chennai
2 Khan .M.Y.(1996) Indian Financial System ,Tata McGraw Hill New Delhi 7

Book(s) for Reference

1 Bhole L.M (1999), Financial institutions and Markets, Tata McGraw Hill Company Ltd:
New Delhi
2 Edminster R.O.( 1986), Financial Institutions, Markets and Management McGraw Hill,
London
3 Bhole, L.M (2000) Indian Financial System Chugh Publications Allahabad
4 Hanson.JA.and S. Kathuria (eds.) (1999) India; Financial Sector for the Twenty –first Century
Oxford University press, NewDelhi

44
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Fourth Semester

45
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code PUBLIC ECONOMICS

Core CORE PAPER – XV
Theoretical aspects of Public Economics and its Syllabus
Pre-requisite Applications. 2022-23
Version
Course Objectives:
To provide analytical capacity on public economic theories and practices.
To understand the major sources of government revenue and expenditure.
To use economic analysis to predict and verify the effects of government intervention on
behavior of individuals, households and firms.
Expected Course Outcomes:

To understand the theoretical aspects of public economics and its applications.

To analyze the efficient allocation for public goods.
To analyze policy applications on welfare assistance.
To critically analyze fiscal policies and its implication in Indian economy.
To discuss the implications of policy for efficiency, equity and growth.
To discuss the implications of policy for efficiency, equity and growth

Unit:1 Scope and Significance

Public Finance: Significance, scope, and Function- Public Finance Versus private finance –
Theory of public good –Market failure- Externalities –Provision for public goods - General model
of efficient Allocation for public good.

Unit:2 Public Taxation

Sources of Public Revenue: Theory of Taxation –Taxable Capacity-Ability to pay and Benefit
principle in taxation-Indian direct and indirect taxes-Incidence of tax-Tax reforms-MODVAT.

Unit:3 Public Expenditure

Public expenditure: Theories of public Expenditure-Structure and growth of Indian public
Expenditure - Expenditure Revenue mobilization for the Budget- Performance Budget -
Limitation of budget.

Unit:4 Public Debt

Public Debt: Growth and composition of public Debt-Internal and External Debt-Central
and state deficit – redemption of public debt.

Unit:5 Fiscal Policy

Indian Fiscal policy: Principle of Federal finance -Evaluation of federal Finance - 14th and
15th Finance commission - Local Finance.

46
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Rosh pendra jha : Modern Public Economics
2 Rosen Harways : Public Finance, Irwin
3 S.K.Singh :Public Finance
4 Thyagi: Public Finance
5 Mankar & Sarma: Public Finance Theory and Practices

Book(s) for Reference

1 Musgrave, R.A and P.B.Musgrave[1976] Public finance theory and practice,Mcgraw-hill
Kogakusha,Tokyo.
2 Stiglitz.J.k [1986] Economics of the public sector, Norton New York.
3 Atkinson.A.B and J.E stiglitz [1980] Lecture in Public Economics, Mcgraw Hill,New York
4 Musgrave R.A and C.Sharp [Ed] 1970 Readings in Economics of Taxation ,George
Allen and unwin London.
5 Muller D.C [1979] Economics of Public choice,Cambridge University.
6 Seigman.E.R.A [1960] Essays in Taxation, George Allen and Unwin London.
7 Brown.C.V and Jackson-Public sector Economics.
8 Hyman,David-The Economics of Government activity.

47
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code INTERNATIONAL ECONOMICS

Core CORE PAPER – XVI
Acquire advanced knowledge on theories of
international trade, exchange rate regimes, Syllabus
Pre-requisite terms of trade and functions of international 2022-23
Version
financial institutions.
Course Objectives:

To understand the theories governing international trade.

To aware about the policies pursued by various economic bodies in international economics.
To study the current and capital account convertibility of Indian rupee.
Expected Course Outcomes:
To develop a systematic knowledge on composition, direction and consequences of international trade.
To understand the processes of international economic relations as the part of global market economy.
To acquire skills on the various aspects of exchange rate.
To aware about international financial markets, balance of payments and the trade balance, and the
capital flow.
To evaluate the role of international institutions on trade practices.

Unit:1 The Basis of Trade

The basis of trade – Hecksher – Ohlin theorem – Leontiff Paradox – Factor price equalization –
Stopler Samuleson theorem – Rybcznski theorem.
Unit:2 Importance and Theories of Trade
Importance of terms of Prebish – Singer thesis international trade. Trade – concepts of terms of
trade – factors affecting terms of trade – - doctrine of reciprocal demand and offer curve analysis-
gains from International Trade.
Unit:3 Exchange Rate
Exchange rate – Determination of equilibrium exchange rate – mint par parity – PPP – BOP
Theories – Fixed and Flexible exchange rate – spot and forward exchange rate - adjustable peg -
crawling peg and managed Floating systems.
Unit:4 Balance of Payments
Balance of payments – Balance of trade and balance of payments – BOP disequilibrium –
Method of correcting disequilibrium - Devaluation – Elasticity and Absorption approach –
Exchange control – Current and Capital Account convertibility of Indian rupee.
Unit:5 International Institutions
International institutions – IMF and IBRD – WTO – Trade Blocs and Monetary units – Impact of
liberalisation on the pattern of trade.

48
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Heffernam and Singlair : Modern International Economics
2 Krasuse (Wlater) : International Economics
3 Sodermsten, Bo : International Economics
4 Soresten,Bo : International Trade - Essays in Theory, North – Holland Ansterdam 1986.
5 Kindeleberger, Charles : International Economics.
6 Cherumilum Francis:„International Business‟, NewDelhi, Wheeler Publication, 1998.
Book(s) for Reference
1 Sodersten, Bo. and Geoffery Reed ; International Economics, Hongkong Marmilan ltd.
2 W.Charles Sawyer, Richard.D.Sprainkle : International Economics , Prentice Hall o India.
3 Salvotore, : Schaums Outline of Theory and Problems of International
Economics.

49
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code HUMAN RESOURCE MANAGEMENT

Core CORE PAPER – XVII
Provides wide knowledge about performance appraisal,
Syllabus
Pre-requisite training and development, collective bargaining and 2022-23
employee welfare. Version
Course Objectives:

To understand the implications of human resource management and the behavioral sciences, and
government regulations.
To know the elements of the human resource functions, key concepts and terminology.
To understand the principles and techniques of human resource management.

Expected Course Outcomes:

To analyze human resource planning and forecasting techniques.
To investigate and interpret the key procedures in recruitment and selection.
To describe and analyze about the training and development.
To illustrate the essential features of human resource information system.
To evaluate employee’s self analysis and reflect upon personal improvement.
To evaluate significant contemporary issues in human resource management.

Unit:1 Basics of Human Resource Management

Evolution of Human Resource Management – The Importance of the Human Factor –
Objectives of Human Resource Management – Role of Human Resource Manager – Human
Resource Policies – Understanding business process in the context of Human Resource
Management.
Unit:2 Planning
Importance of Human Resource Planning – Forecasting Human Resource requirements –
Internal and External sources. Selection Process – Screening – Tests – Validation –Interview –
Medical Examination – Recruitment. Induction – Importance – Practices - Socialization benefits.
Unit:3 Orientation and Training
Orientation & Training: Orienting the employees, the training process, need analysis, training
techniques special purpose training, Training via the internet. Management Development - The
responsive managers - Key factor for success. Performance appraisal: Methods - Problem and
solutions - MBO approach - The appraisal interviews - Performance appraisal in practice.
Managing careers: Career planning and development - Managing promotions and transfers.
Unit:4 Establishing Pay Plans
Establishing Pay plans: Basics of compensation - factors determining pay rate – Current
Trends in compensation - Computerized job evaluation. Pay for performance and Financial
incentives: Money and motivation - incentives for operations employees and executives -
Organization wide incentive plans - Practices in Indian Organizations. Statutory benefits - non-
statutory (voluntary) benefits – Insurance Benefits - retirement benefits and other welfare measures
to build employee commitment.
Unit:5 Industrial Relations and Collective
Bargaining
Industrial relations and collective bargaining: Trade unions - Collective bargaining. Discipline
administration - grievances handling - managing dismissals and Separation .Labour Welfare:
Importance & Implications of labour legislations - Employee health- Auditing functions, Future of
HRM function.

51
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Book(s) for study

1 Gary Dessler, "Human Resource Management", Seventh edition, Prentice-Hall of India P.Ltd.,
Pearson.
2 V.S.P Roa, Human Resource Management: Text and cases, First edition, Excel Books, New
Delhi - 2000.
3 Decenzo and Robbins, Human Resource Management, Wiley, 6th Edition, 2001.
4 Dessler, Human Resource Management, Pearson Education Limited, 2002.

Book(s) for Reference

1 H.John Bernardin & Joyee E.A.Russel, Human Resource Management - An experiential
approach, 4th Edition, McGraw-Hill International Edition., 2007
2 David A. De Cenzo & Stephen P.Robbins, Personnel/Human Resource Management, Third
edition, PHI/Pearson.

51
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Course code INTERNATIONAL BUSINESS

Elective Elective IV
This course explores global economies and markets,
such as business customs, multinational businesses
and foreign trade practices. It highlights the foreign
Syllabus
Pre-requisite business environments, cultural dynamics, economic 2022-23
Version
developments and political impacts on foreign
businesses.

Course Objectives:
To know about the composition and direction of India’s imports and exports.
To identify the role and impact of political, economical, social and cultural variables in
international business.
To analyze international business from a multi-centric perspective.
Expected Course Outcomes:
To understand the most widely used international business terms and concepts.
To critically analyze the risk and opportunities prevailing in businesses that operate in the global
arena.
To recognize the function of international organisations.
To know about exchange rate determination, controlling and policies.
To demonstrate the composition and direction of India’s imports and exports.

Unit:1 International Business

International Business - Meaning, Nature and Scope – Role of Foreign Trade in the Economic Development
of India – Balance of payment in the context of Economic Growth Process – Trade balance – Current
Account position and Capital Account position – Trends – Principles of BOP – Correction of adverse BOP.

Unit:2 World Bank and IMF

Euro Currency Market – GATT – WTO, World Bank and IMF – Functions.

Unit:3 Export Marketing

Export marketing – Meaning – An overview of export marketing – differences between export
marketing and domestic marketing – salient features and basic functions of export marketing –
export barriers – Tariff and non-tariff – Export market analysis – Feasibility of market entry –
Sources of market information – Assessing sale prospects.

52
 Modified for SDE vide Syndicate item no.: 205 / 05-01-2021
Annexure No. 1A SCAA DATED: 23.09.2020
M.A. Economics 2020-21 onwards

Unit:4 India’s Import and Export

Composition and direction of India’s imports and exports – Past trends, present position and
prospects – Project consultancy and Service exports – Trends, prospects and problems – Important
documents used in foreign trade.

Unit:5 Foreign Exchange

Foreign exchange – Theories of foreign exchange – administration of foreign exchange –
Rate determination – Factors influencing fluctuations in foreign exchange – Exchange control in
India.

Book(s) for study

1 International Marketing Management- Varshney & Bhattachariya.
2 Export Marketing - T.A.S. Balagopal
3 Money, Banking & International Trade- M.L.Seth

Book(s) for Reference

1 International Business - Francis Cherunilam.

54