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M.A Economics, Pune University - Sem III and IV Syllabus (2009 Revised pattern)

M.A Economics, Pune University - Sem III and IV Syllabus (2009 Revised pattern)

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Board of Study in EconomicsM.A. Part II Semester PatterSyllabus : From June 2009M.A. Part II Semester III M.A. Part II Semester IVCompulsory Paper Compulsory PaperEC-301 Macro Economic Analysis I EC-401 Macro Economic Analysis IIEC-302 Economics of Growth EC-402 Economics of Development
Research MethodologyOrEconometricsEC-403 International Economics
Optional PaperAny one of the followingOptional PaperEC-304 Banking & FinancialInstitutionsEC-404 Research Project(Only for internal Students)EC-305 Welfare Economics EC-405 History of Modern EconomicAnalysis(Only for External Students)EC-306 Economics of FinanceEC-307 Economics of Environment
M.A. Economics Revised Syllabus Committee.
Prof. Tanpure M.D. ChairmanProf..Dr. Dangat N.R. CoordinatorProf. Kadam D.S. CoordinatorProf..Dr. Bhong G. L BOS MemberProf..Dr. Sathe Dhanmangiri BOS Member.Prof. Dr. Soluke R.S. BOS MemberProf..Dr. Dastane Santosh Special Invitee Director, Nevelli Wadia Institute.Prof.. Dr.Ranade Puspa Special Invitee Off. PrincipalProf..Dr. Patil S.Y. Special Invitee
North Maharashtra University Jalgaon
Shri Waghmare D.S. Special Invitee Manager, SBIProf..Dr. Jadhavar R.D. Special Invitee BhorProf. Malode S.Y. Special Invitee Nashik 
M.A. Part II Economics Semester IIICompulsory PaperEC 301 Macro Economic Analysis I(From June 2009)PREAMBLEMacroeconomics or aggregative economics analyses and establishes thefunctional relationship between the large aggregates. The aggregate analysis hasassumed a great significance in recent times that a prior understanding of macroeconomic theoretical structure is considered essential for the propercomprehension of the different issues and policies. Macroeconomics now is not onlya scientific method of analysis; but also a body of empirical economic knowledge.
The paper entitled ―Macro
Economic Analysis‖ equips the students at the
postgraduate level to understand systemic facts and latest theoretical developmentsfor empirical analysis.
1. National Income and Accounts :
Key concepts in Macro Economics, Circular flow of income: two three and foursector economy
different forms of national income accounting, flow of fundsaccounting and balance of payment accounting, Social Accounting
2. Consumption Function
Keynes Psychological law of consumption
Implications of the law of consumption
short run and long run consumption function ; Empirical evidence of consumptionfunction, Income consumption relationship
absolute income, relative income, lifecycle and permanent income hypothesis.
3 : Investment Function
Marginal efficiency of capital and investment
long run and short run; InvestmentMultiplier, The accelerator and investment behavior.
4 : Supply of Money
Financial intermediation
a mechanistic model of bank deposit determination;A behavioural model of money supply determination, a demand determined moneysupply process; RBI approach to money supply; High powered money and moneymultiplier; budget deficits and money supply;
5 : Demand for Money
Classical approach to demand for money,
Quantity theory approach, Fisher‘sequation, Cambridge quantity theory, Keynes‘s liquidity preference approach,
transaction, precautionary and speculative demand for money, Liquidity trap
 aggregate demand for money; Derivation of LM curve.
BASIC READING LIST :Ackley,G. (1978), Macroeconomics : Theory and Policy, Macmillan, NewYork.
D‘souza Errol (2008) Macroeconomics : Person Publication, New Delhi.
 Blackhouse, R. and A. Salansi (Eds.) (2000), Macroeconomics and the RealWorld (2 Vols.),Oxford University Press, London.Branson, W.A. (1989), Macroeconomic Theory and Policy, (3rd Edition),Harper and Row,New York.Dornbusch, R. and F. Stanley (1997), Macroeconomics, McGraw Hill, Inc.,New York.Hall, R.E. and J.B. Taylor (1986), Macroeconomics, W.W. Norton, NewYork.Jha, R. (1991), Contemporary Macroeconomic Theory and Policy, WileyEastern Ltd., NewDelhi.Romer, D.L. (1996), Advanced Macroeconomics, McGraw Hill CompanyLtd., New York.Scarfe, B.L. (1977), Cycles, Growth and Inflation, McGraw Hill, New York.Shapiro, E. (1996), Macroeconomic Analysis, Galgotia Publications, NewDelhi.Surrey, M.J.C. (Ed.) (1976), Macroeconomic Themes, Oxford UniversityPress, Oxford.ADDITIONAL READING LISTEdey, M. and A.T. Peacock (1967), National Income and Social Accounts,Hutchinson University Library, London.Powelson, J.P. (1960), National Income And Flow of Funds Analysis,McGraw Hill, NewYork.
Rao, V.K.R.V. (1983), India‘s National Income : 1950 to 1980, Sage
Publications, New Delhi.Ruggles, R. and N. Ruggles (1956), National Income Accounts and IncomeAnalysis, McGraw Hill, New York.United Nations (1974), Year Book of National Account Statistics.

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