PANJAB UNIVERSITY, CHANDIGARH

CHANDIGARH-160014
160014 (INDIA)
(Estd. under the Panjab University Act VII of 1947—enacted
1947 enacted by the Govt. of India)

FACULTY OF ARTS

SYLLABI
FOR

M.A. ECONOMICS

(SEMESTER SYSTEM)

EXAMINATIONS,
EXAMINATIONS 2014-2015

--:o:--

© The Registrar, Panjab University, Chandigarh.
All Rights Reserved.

APPLICABILITY OF REGULATIONS FOR THE TIME
BEING IN FORCE

Notwithstanding the integrated nature of a course spread over more than one
academic year, the regulations in force at the time a student joins a course shall hold
good only for the examinations held during or at the end of the academic year.
Nothing in these regulations shall be deemed to debar the University from amending
the regulations subsequently and the amended regulations, if any, shall apply to all
the students whether old or new.

GUIDELINES FOR CONTINUOUS INTERNAL ASSESSMENT (20%) FOR REGULAR STUDENTS
OF POST-GRADUATE COURSES of M.A. Economics (Semester System)
(Effective from the First Year Admissions for the Academic Session 2005-2006)
1.

The Syndicate has approved the following guidelines, mode of testing and evaluation including
Continuous Internal Assessment of students :
(i)
Terminal Evaluation
:
80 %
(ii)
Continuous Assessment
:
20 %
(iii)
Continuous Assessment may include written assignment, snap tests, participation in
discussions in the class, term papers, attendance etc.
(iv)
In order to incorporate an element of Continuous Internal Assessment of students, the
Colleges/Departments will conduct one written test as quantified below :
(a)
(b)
(c)
(d)
(e)

Written Test
Snap Test
Participation in Class Discussion
Term Paper
Attendance

:
:
:
:
:

25 (reduced to 5)
25 (reduced to 5)
15 (reduced to 3)
25 (reduced to 5)
10 (reduced to 2)
Total :

2.

100 reduced to 20

Weightage of 2 marks for attendance component out of 20 marks for Continuous Assessment shall
be available only to those students who attend 75% and more of classroom
lectures/seminars/workshops. The break–up of marks for attendance component for theory papers
shall be as under :
Attendance Component
(a)
75 % and above upto 85 %
(b)
Above 85 %

:
:

Mark/s for Theory Papers
1
2

3.

It shall not be compulsory to pass in Continuous Internal Assessment. Thus, whatever marks are
secured by a student out of 20% marks, will be carried forward and added to his/her score out of
20 %, i.e. the remaining marks allocated to the particular subject and, thus, he/she shall have to secure
pass marks both in the University examinations as well as total of Internal Continuous Assessment
and University examinations.

4.

Continuous Internal Assessment awards from the affiliated Colleges/Departments must be sent to the
Controller of Examinations, by name, two weeks before the commencement of the particular
examination on the proforma obtainable from the Examination Branch.

SPECIAL NOTE :
(i)

The theory paper will be of 80 marks and 20 marks will be for internal assessment.

(ii)

In the case of Postgraduate Courses in the Faculties of Arts, Science, Languages, Education, Design
& Fine Arts, and Business Management & Commerce, falling under the purview of Academic
Council, where such a provision of Internal Assessment/Continuous Assessment already exists, the
same will continue as before.
--------------------

OUTLINES OF TESTS, SYLLABI AND COURSES OF READING FOR M.A. ECONOMICS
(SEMESTER SYSTEM) FOR THE EXAMINATION OF 2014-2015
Course Structure :
The M.A. in Economics will be a four semester full time programme. The course will be organized over two
years, each year consisting of two semesters—the summer semester and the winter semester.
The programme of study consists of sixteen courses out of which 12 are core courses—compulsory for all
students—and 4 are elective courses. Each of these courses will carry 100 marks, of which 20 marks will be
for internal assessment and 80 marks for the end semester examinations to be held in December (Semesters I
and III) and April (Semesters II and IV). The teaching hours will be 50 per course per semester. The courses
will be offered according to the following schedule :
SEMESTER-I
All Compulsory Papers :
MAECO-101

Micro Economics-I

100 Marks

MAECO-102

Contemporary Issues in Indian Economy-I

100 Marks

MAECO-103

Quantitative Methods

100 Marks

MAECO-104

History of Economic Thought

100 Marks

SEMESTER-II
All Compulsory Papers :
MAECO-201

Micro Economics-II

100 Marks

MAECO-202

Contemporary Issues in Indian Economy-II

100 Marks

MAECO-203

International Economics

100 Marks

MAECO-204

Economics of Public Finance

100 Marks
SEMESTER-III

There will be two Compulsory Papers :
MAECO-301

Macro Economics-I

100 Marks

MAECO-302

Economics of Growth and Development-I

100 Marks

Any two of the following options for Papers MAECO-303 & 304
(i)

Economics of Agriculture-I

100 Marks

(ii)

Economics of Industry-I

100 Marks

(iii)

Basic Econometrics

100 Marks

(iv)

Economics of Population

100 Marks

OR
Economics of Human Resource Development

100 Marks

M.A. ECONOMICS (SEMESTER SYSTEM) SYLLABUS

SEMESTER-IV
There will be two Compulsory Papers :
MAECO-401

Macro Economics-II

100 Marks

MAECO-402

Economics of Growth and Development-II

100 Marks

Any two of the following options for Papers MAECO-403 & 404
(i)

Economics of Agriculture-II

100 Marks

(ii)

Economics of Industry-II

100 Marks

(iii)

Mathematical Economics

100 Marks

(iv)

Economics of Money and Banking

100 Marks

OR

(v)

Economics of Financial Markets & Institutions

100 Marks

Advanced Econometrics

100 Marks

The syllabus of this paper has been divided into four units.A.I Central Ideas of Economics : How do People Make Decisions? People : face ‘Trade Offs’ . It would carry 15 short questions. a static and partial equilibrium framework. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi.M. solving problems. Special tutorials/contact hour for one-to-one student-teacher interactions. shall be short answer type (word limit 25-30 each). which would be compulsory. Each question shall carry 15 marks (15 × 4 = 60). There shall be 9 questions in all. 4. methodology and process of reasoning involved in analysing economic behavior of individuals. Each short answer type question would carry 2 marks (10 × 2 = 20). Pedagogy of the Course Work : The course relies on a combination of lectures. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. and discussing of academic articles or reallife situations. 3. in general. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. How do People Interact? Specialization and Exchange can make each party ‘Better Off’ Market often work efficiently. spread over the entire syllabus. The candidate will be required to attempt any 10 short answer type questions. firms and markets using. The Invisible Hand. UNIT. ECONOMICS (SEMESTER SYSTEM) SYLLABUS SEMESTER–I Paper-MAECO-101 : MICRO ECONOMICS-I Max. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. The first question. Rest of the paper shall contain 4 units. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : The objective of this paper is to rigorously and comprehensively equip the students with theoretical concepts. 2. Incur Opportunity Costs and Gain Benefits of Decisions. Three Coordination Tasks in the Economy: Which Commodity be Produced and How much of it? Who should produce it and how? Who should Consume and How much of it? . The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). Think at the Margin and Respond to Incentives.

Analysis of Consumer Behavior under Asymmetric Information : Hidden Actions: Principals. Inter-temporal Choice of Consumption. Elasticity of Demand. Multi Product Firms and Dynamic Changes in Costs: Economies of Scope. . Existence and Uniqueness of Equilibrium. Reducing Risk. Equilibrium: Concept.A. Consumer Surplus: Hicks’ and Marshall’s Approach. Constant. Types: Static and Dynamic Equilibrium. UNIT. Kind Subsidy: Income Leisure Choice. Input Choice and Cost with One Variable Input. UNIT. Stability. Why do people gamble (insure)? Risk Return Trade–Off. Expected Utility and Preferences towards Risk. Hidden Characteristics : Adverse Selection Problem. Factor Price Changes: Substitution and Output Effects.III Analysis of Consumer Choice under Uncertainty : Measurement of Risk. From Individual to Market Demand: The Role of Network Externalities: ‘Bandwagon’ and ‘Snob’ Effects. Reserve Capacity and the Shape of Short Run Cost Curves. Stability Analysis: Marshallian and Walrashallian Approaches. Agents and Moral Hazard. Partial and General Equilibrium. Elasticity of Input Substitution. Multiple Input Decisions : The Choice of Optimal Techniques of Production and Factor Combinations.2 M. Application of Indifference Curves: Cash Subsidy Vs. UNIT-IV Theory of Production and Costs: Production. Market and Government Responses to the Problems of Moral Hazard and Adverse Selection. Law of Returns to Variable Proportions and Choice of Optimum Quantity of an Input.II Analysis of Consumer Choice under Certainty : Cardial Analysis. Derivation of Short Run Cost Curves from Productivity Curves of a Variable Factor of Production. Empirical Estimation of Demand. Increasing and Decreasing Returns to Scale. Revisiting Consumer Equilibrium and Effects of Changes in Relative Prices and Money Incomes through Ordinal Utility Approach and Derivation of ‘Marshallian’ and ‘Compensated’ Demand Curves. The Learning Curve Analysis. Expansion Path and derivation of Long Run Cost of Production Curves. ECONOMICS (SEMESTER SYSTEM) SYLLABUS Methodology of Economics as a Social Science: Alternative Processes of Construction and Appraisal of Positive Economic Theories. Economies and Diseconomies of Scale: Shape of Short and Long Run Costs Curves: Theory versus Empirical Evidence. Revealed Preference Theory and Consistency of Choice.

M. 2. 4. 6.M. Edition. . PAPER – MAECO 102: CONTEMPORARY ISSUES IN INDIAN ECONOMY – I Max.L. J. Rubinfel : Daniel. D.E. W. 3rd 1. and Gould. Salvatore Dominick (2003) : Microeconomics : Theory and Applications. 9th 1.A. H. 3.S. (1998) 2. 4th Oxford Univ. Robert S. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type).W.William J. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 3 Recommended Readings : Essential Readings : : Mankiw Gregory N. Briet. present and future functioning of the Indian economy and strengthen their analytical capability.L. Thomson. Dryden Press. London. 1st Indian Edition. This will provide them an insight into the past. and Pearce.J. McMillan India. W. A.P. (2007) : Microeconomics: Principles Thomson. P. and Miler Ellen (2004) Micro-Economic Theory and Applications. New Delhi. and Hochman. Marks Theory Internal Assessment Time Teaching Hours : 100 : 80 Marks : 20 Marks : 3 Hours : 50 Objective: The objective of this paper is to acquaint the students with the performance of different sectors of the Indian economy and the policy framework governing them. 3rd Indian Reprint (2007). (2006) Micro-Economics. Ryan. All India Book Seller. Boumol. : Principles of Economics. L. Ferguson. 3. (Ed. Further Readings : and Policy. G. Prentice Hall of India. Koutsoyiannis. Edition. McMillan Press. Press. New Delhi. (1977) : Modern Micro Economics. Pindyck. Edition. Tata McGraw Hill.) (1977) : Readings in Micro Economics. The script would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. and Gupta. C. (1989) : Micro Economic Theory (6th Edition). (1977) : Price Theory.. and Blinder Alan S. 5. Maddala.

Extent and Estimates and Policy Initiatives since Economic Reforms. 4.IV Industry: Trends in Growth and Structure of Indian Industry since 1950. ECONOMICS (SEMESTER SYSTEM) SYLLABUS Pedagogy of the Course Work: The course relies on a combination of lectures. UNIT. Each short answer type question would carry 2 marks (10×2 = 20). and discussing of academic articles or reallife situations. Food Security . UNIT.4 M. Regional Imbalances in Indian Agriculture. .A. solving problems. The syllabi of this paper has been divided into four units.I Growth and Structural Change in the Indian Economy: State of Indian Economy During Pre-Reform Period(1950-1990): Nature. Industrial Policy Initiatives during Post-reform Period. Each unit shall have two questions and the candidates shall be required to attempt one question from each unit – 4 in all. The candidate will be required to attempt any 10 short answer type questions. UNIT. shall be short answer type (word limit 25-30 each). Deceleration in the 1990s – Extent and Causes. Poverty and Unemployment: Nature. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. Special tutorials/contact hour for one-to-one student-teacher interactions. Features and Appraisal of Economic Reform Programme Second Generation Reforms. Impact of New Economic Policy on Indian Industry. spread over the entire syllabus. 2. State of Indian Economy during Post Reform Period.II Labour Force Growth and Occupational Structure Since Economic Reforms. State of Indian Economy in 1990-91. UNIT. Rest of the paper shall contain four units. There shall be 9 questions in all.III Agriculture: Pattern of Growth of Indian Agriculture since 1950. 3. Instructions for Paper-setter and candidates: 1. which would be compulsory. Causes and Changes in Sectoral Income Distribution and Occupational Structure.Problem and Policy Options. Inter-state Disparities in the Pattern of Development in the Post-Reform Period. It would carry 15 short questions. The first question. Each question shall carry 15 marks (15×4 = 60).

Lucas.Problems and Prospects. A. Bombay.M. Byres. Oxford University Press. New Delhi 3. New Delhi . V R(Eds. 4. E B & Papanek.Recent Development and Future Prospects. Viking. New Delhi 4. Brahmananda. Krueger. Government of India India Development and Participation. Jalan . New Delhi Further Readings : 1. P R and Panchmukhi. B (1992) : The Indian Economy . Uma (Ed) Latest : Indian Economy Since Independence. Kapila. Acahya Shankar and Rakesh Mohan (Eds. Economic and Political Weekly 7. Derez. Brahmananda. G F (Eds) (1988) : The Indian Economy. 2. Delhi. & Little. IMD (Eds. Academic Foundation. Ahluwalia. 5. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 5 Recommended Readings : Essential Readings: 1. Ministry of Finance.) : (1987) The Development Process of Indian Economy.)(1998) : India’s Economic Reforms & Development (Essays in Honour (Essays in Honour of Manmohan Singh).) (1998) The Indian Economy: Major Oxford University Press. New Delhi. I.) : (2001) Development Experience in the Indian Economy: Inter-State Perspectives. Himalya Publishing House.J. I J (1985) : Industrial Growth in India. : : Various Issues. V R (eds. Oxford University Press. (Ed) Latest : Economic Policy Reforms and the Indian Economy.O. Ahluwalia. Oxford University Press. Oxford University Press. Oxford University Press. Bookwell. 3. Economic Survey (Annual). T J (Ed. New Delhi. Oxford University Press. New Delhi 2.) (2011) : India’s Economic Performance and Challenges: Essay’s in Honour of Montek S Ahluwalia. New Delhi. New Delhi. 5. New Delhi 6.A. J and Amartya Sen (2002) : : 6. P R and Panchamukhi.

3. The first question. There shall be 9 questions in all. Each unit shall have two questions and the candidates shall be required to attempt one question from each unit – 4 in all. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. thought necessary for data collection. presentation. The syllabi of this paper has been divided into four units. solving problems. The course content contains simple tools and techniques. INSTRUCTIONS FOR PAPER-SETTER AND CANDIDATES: 1. Simple Economic Applications such as Elasticity and Nature of Commodity. Euler’s rule. Finding the Maximum and Minimum of a Function with Two Variables: With and Without a Single Equality Constraint. . Pedagogy of the Course Work: The course relies on a combination of lectures. The candidate will be required to attempt any 10 short answer type questions. spread over the entire syllabus. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 6 PAPER –MAECO–103: QUANTITATIVE METHODS Max. Marks Theory Internal Assessment Time Teaching Hours : 100 : 80 Marks : 20 Marks : 3 Hours : 50 Objective: The objective of this paper is to train the students in the use of mathematical and statistical tools in analyzing economic problems.I Differentiation and Optimization Partial and Total Derivatives. Each question shall carry 15 marks (15×4 = 60). Special tutorials/contact hour for one-to-one student-teacher interactions.A. Rest of the paper shall contain four units. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. 2. Each short answer type question would carry 2 marks (10×2 = 20). UNIT . analysis and drawing inferences about various statistical hypotheses. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). It would carry 15 short questions. Homogenous Functions. shall be short answer type (word limit 25-30 each). and discussing of academic articles or reallife situations. Consumer’s and Producer’s Optimization Problems. 4.M. which would be compulsory.

Vol. Macmillan. Himalaya. Enterprises. Differential Equations. Random Variable and Expected Values. and R. 1983. Poisson. Testing Goodness of fit and Independence based on Chi-square (χ2 ) test. 2. Bernoulli’s Form. and K. Delhi. Probability: Classical and Axiomatic Definitions. Simple Correlation Coefficient. Differential Equations: Variable Separable Case. Fundamental Methods of Mathematical Economics. Balwant Mathematics for Business and Economics with Applications. G. Various Definitions. Solution by Simplex Method. 1. Tests of Significance of Means. Linear Programming Integration: Indefinite and Definite Integration of a Function with a Single Variable. Mathematical Analysis for Economists. Probability and Probability Distribution Correlation: Multiple and Partial Correlation Involving Three Variables. McGraw Hill. A. V. Exact Equations. Method of Substitution. UNIT – III Correlation. New York. Homogenous Case. 3. Properties of an Ideal Estimator and Confidence Interval. Hypothesis Testing: Large and Small Sample Tests. Kandoi. Rana. Single Proportion.A. Chiang. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 7 UNIT – II Integration. Aggarwal. Basic Mathematics for Economists (latest edition). Standard Linear Differential Equations. McGraw Hill.M. K. Essential Readings : Unit I and II: 1. Economic Applications. . Linear Differential Equations with Constant Coefficients. Probability Distributions: Cases of Binomial. Normal Distributions. (India). Additive and Multiplicative Rules. Allen. Sampling Distribution of a Statistic (mean). Difference in Variance (F-test). Mumbai.K.Wainwright. D. 4th edition. 2012. Difference between Two Proportions. Linear Programming: Setting up of the Problem. C. 2005. R. 4. C. Standard Error. UNIT – IV Statistical Inference and Hypothesis Testing Parameters and Estimates. S.

Chand & Company Ltd. Arora. solving problems. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. 6. Taro Fundamental Methods for Mathematics Economics. The objective of this course is to familiarize the students with the historical evolution of economic ideas into the contemporary economics. Yamane.A. M. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. Arora. 2. Rana. Mumbai. Theory and Problems of Statistics 3rd Edition. 1972. 5. and Stephens L. 2012. Unit III and IV: 1. New Delhi. P. 4. Mathematical Analysis (Business and Economic Applications) 4th Edition. Pedagogy of the Course Work : The course relies on a combination of lectures. New York. Freund.8 M. 2007.E. 1982. 1992. R. Gupta S. and discussing of academic articles or reallife situations.. Schaum’s Series.J. J. 7. Prentice Hall India. and R. 3. 2000.P Statistical Methods (latest Edition). Sultan Chand & Sons. E. Himalaya. C. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objectives : Evolution of economic ideas is both a response to contemporary economic problems and a self-conscious attempt to refine earlier ideas to integrate them as a part of current social thought. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). Sumeet Arora and S. N. K. Mathematical Statistics. 2. Special tutorials/contact hour for one-to-one student-teacher interactions. Harper and Row. New Delhi. New Delhi. New Delhi. S. . Weber J. Aggarwal. S. PrenticeHall. Prentice-Hall. Comprehensive Statistical Methods. V K (India) Enterprises. Paper-MAECO-104 : HISTORY OF ECONOMIC THOUGHT Max. 5th Edition. Basic Statistics for Economists (Latest Edition). Kandoi. Delhi. Vol. New Delhi. Balwant Mathematics for Business and Economics with Applications. Tata McGraw Hills. Spiegel. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 5.

UNIT-I Nature and Importance of Economic Thought. 2. Jevon’s Theory of Value. shall be short answer type (word limit 25-30 each). The syllabus of this paper has been divided into four units. UNIT-III Marxian Economics : From Harmony to Class–Conflict. The first question.M. which would be compulsory. Theories of Trade and Distribution. 3. Net product and Circulation of Wealth. Views on Machinery and Employment. Physiocracy : Natural Order. An Overview of Marshall’s Contribution. UNIT-II Adam Smith : Theories of Value. Ricardo-Malthus glut controversy. Ricardian Economics : Value Analysis. Development and Decay of Capitalism. Historical Materialism and Marx’s Interpretation of History. It would carry 15 short questions. Each question shall carry 15 marks (15 × 4 = 60). Each short answer type question would carry 2 marks (10 × 2 = 20).A. UNIT-IV Essential features of Marginalism. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. Walras’s Theory of General Equilibrium. . Mercantilism : Views on Trade. The candidate will be required to attempt any 10 short answer type questions. 4. Rest of the paper shall contain 4 units. Distribution and Growth. Wages and Employment. Money and Prices. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 9 INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. spread over the entire syllabus. There shall be 9 questions in all.

Rupa & Co. 7 Gide. 8 Krishna Bhardwaj (1978) : Classical Political Economy and Rise to Dominance of Supply and Demand Theories.P. New Delhi. Sweezy (1945) : Theory of Capitalist Development.O. London. 9 M. Monthly Review Press. Basic Black Well. (1954) : History of Economic Thought. 1985. A. and Rist C. ------------------------------- . Mandel (1971) : Marxist Economic Theory. 3rd Edition (Cambridge University Pub.K. Maurice (1973) : Theories of Value and Distribution since Adam Smith. 13 Tom Bottomore : Dictionary of Marxist Thought. Oxford University Press. 12 Schumpter. India.M. 5 E. 10 P. 2 D. Harap & Co. Dasgupta (1986) : Epochs of Economic Theory. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 10 Essential Readings : 1. Faber and Faber (Rupa). Collander (Ed. Oxford University Press.C. (1948) : A History of Economic Doctrines. 3 D. C. Blaug (1983) : Economic Theory in Retrospect. 11 Samuel Hollander (1987) : Classical Economics. University Press. 4 Dobb. Vikas Publishing House. Oxford University Press. George G.A.) : Neo-classical Economists. J.). 6 Eric Roll (1992) : History of Economic Thought. Brien (1975) : The Classical Economists.A.

Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. Pedagogy of the Course Work : The course relies on a combination of lectures. in general. Consumers’ and Producers’ Surplus and Efficiency of Perfect Competition. Special tutorials/contact hour for one-to-one student-teacher interactions. The candidate will be required to attempt any 10 short answer type questions. which would be compulsory. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. Import Tariff.A. Each short answer type question would carry 2 marks (10 × 2 = 20). Rest of the paper shall contain 4 units. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). 3. and discussing of academic articles or reallife situations. Each question shall carry 15 marks (15 × 4 = 60). . Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objectives : The objective of this paper is to rigorously and comprehensively equip the students with theoretical concepts. 2. 4. spread over the entire syllabus. a static and partial equilibrium framework. Welfare Effects of an Excise Tax. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. Price controls (supports) and Production Quotas. methodology and process of reasoning involved in analyzing economic behavior of individuals. The first question. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 11 SEMESTER–II Paper-MAECO-201 : MICRO-ECONOMICS–II Max. shall be short answer type (word limit 25-30 each). It would carry 15 short questions.M. firms and markets using. solving problems. There shall be 9 questions in all. The syllabus of this paper has been divided into four units. UNIT-I Analysis of Competitive Markets : Profit Maximization and Equilibrium of a Firm and Industry in the Short Run and Long Run under Perfect Competition including the Supply Curve. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all.

Inter–temporal Price Discrimination and Peak Load Pricing. Two part tariffs and Tie-in Sales. Mixed Strategies.12 M. Public Goods : Types of Public Goods. Demand for a Factor Input when Several Inputs are Variable. Collusion and Cartels.A. Market Demand for a Factor Supply of Labour. Supply of Labor by an Individual: Trade Off between Work and Leisure. Public Policy towards Oligopoly. Compensation Criteria. Bilateral Monopoly. Factor Pricing under Imperfect Competition: Monopolistic Power in Product Market. Market Supply Curve. Monoposonistic Power in Factor Market. Public ownership of Monopolies. UNIT-II Monopolistic Competition : Characteristics. Perfect Competition and Economic Efficiency. Repeated Games. Markets for Public Goods and Reducing Free Riding. Stackellberg and Kinked demand Curve. Asymmetric Information. Game Theory and Economics of Cooperation: Dominant Strategy and Nash Equilibrium. Price Regulation. First and Second Theorem of Welfare Economics. General Equilibrium and Efficiency: Pareto-Optimality Conditions. Output and Welfare Comparisons with Single Price Monopoly. Price Leadership Models. Market Failure and Role of Government under: Externalities: Externalities and Market Efficiency. A firm’s Short and Long Run Equilibrium with Differentiated Products and Selling Costs (Advertisement). Public Policy toward Monopolies : Increasing Competition. Measurement and Welfare Costs and Dynamic benefits of Monopoly Power. The Issue of Excess Capacity under Monopolistic Competition. Oligopoly : Cournot. Solving Common Problems. Rawlsian and Bergson-Samuelson Social Welfare Functions and Optimization of Social Welfare. Competitive Buyer Firm versus Monopoly Union. . Contestable Markets. The Prisoner’s Dilemma. Monopoly Price Discrimination. ECONOMICS (SEMESTER SYSTEM) SYLLABUS Monopoly : Sources. Group equilibrium. Collusion and Tit-for-Tat Strategy. Theorem and Public Policies towards Externalities. UNIT-IV Welfare Economics : Social Welfare Function: Utilitarian. UNIT-III Markets for Factor Inputs: Factor Pricing under Perfect Competition: Demand for a Factor Input when One Input is Variable. The debate over Advertising. Coase. Common Property : Overuse of Common Property.

L. 3rd Edition. Rubinfel Daniel. Examples. Salvatore Dominick (2003) : Microeconomics: Theory and Applications. .A. 2. (2007) : Microeconomics : Principles and Policy. Paper-MAECO-202 : CONTEMPORARY ISSUES IN INDIAN ECONOMY–II Max. 9th Edition Thomson. and Gould J. 3. Dryden Press. 3.) : (1977). (Ed. P. in so far as possible. London. D. Press. would be selected from everyday life/experience. present and future functioning of the Indian economy and strengthen their analytical capability. and Hochman. 2. and Blinder Alan S. McMillan Press. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). Boumol. The script would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. Koutsoyiannis. 5. The time-tested method of imparting verbal instructions through lectures would be used. and Miller Ellen (1989) : Micro Economic McGraw Hill (2004).P. (1989) : Micro Economic Theory (6th Edition) All India Book Seller. New Delhi. Further Readings : 1. Prentice Hall of India. McMillan India. A. W. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : The objective of this paper is to acquaint the students with the performance of different sectors of the Indian economy and the policy framework governing them. The feedback would be sought through the students writing assignments. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 13 Recommended Readings : Essential Readings : 1.E.S. : Micro Economics. This will provide them an insight into the past.J. H. New Delhi. Readings in Micro Economics. Thomson. tutorials and seminars. Briet. G. Oxford Univ.L. 4th Edition. L.M. C. 3rd Indian Reprint (2007). Pindyck. Theory and Applications. and Pearce. Ryan. 4. Hindsala Press. W. (1977) : Price Theory.W. (1977) : Modern Micro Economics. (1998) : Principles of Economics. Mankiw Gregory N. 1st Indian Edition.. and Mehta. Maddala. Ferguson.M. William J. Robert S. 4.

2. Role of Securities Exchange Board of India ( SEBI).II Financial Sector in the Post-reform Era : Structure of the Financial System in India. Need for Expenditure Reforms. Capital Market—Growth. Performance and Government Strategy on infrastructure Development with Special Emphasis on Special Economic Zones (SEZs). UNIT – III Public Finance in the Post-reform Era: Fiscal Imbalances in the Indian Economy . ECONOMICS (SEMESTER SYSTEM) SYLLABUS Pedagogy of the Course Work : The course relies on a combination of lectures. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. The candidate will be required to attempt any 10 short answer type questions. spread over the entire syllabus.Need. Pattern and Future Prospects. Infrastructure Development . Financial Sector Reforms. Rest of the paper shall contain 4 units. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. It would carry 15 short questions. which would be compulsory. 2003.A. The first question. Each short answer type question would carry 2 marks (10 × 2 = 20). Fiscal Responsibility and Budget Management Act. solving problems. Changes in Public Policy with Special Reference to Competition Policy and Consumer Protection Act.14 M. shall be short answer type (word limit 25-30 each). There shall be 9 questions in all. Special tutorials/contact hour for one-to-one student-teacher interactions. The syllabus of this paper has been divided into four units. and discussing of academic articles or reallife situations. 3. UNIT . UNIT . 4.I Development Process of the Indian Economy in the Post-reform Era : Service Sector in India – Growth. . Problems and Reforms.Sustainability of Public Debt and Fiscal Deficits in Central and State Finances. Each question shall carry 15 marks (15 × 4 = 60).

Academic Foundation. Academic.) 2007 : Indian Economy – Performance and Policies. 4. Independence. G. Viking. 3. Foreign Direct Investment – Trends and Issues. Kapila. Ahluwalia. Uma (Ed. New Delhi. Lucas. Reddy. & Little. New Delhi. New Delhi. 2.(2004) : Lectures on Economic and Financial Sector Reforms in India Oxford University Press.J. 7. Oxford University Press. Y. 5. Ministry of Finance. Academic Further Readings : 1. Oxford University Press. New Delhi. 2. Oxford University Press.J. Raja J. New Delhi. T. J. Economic and Political Weekly : Various Issues.A. E. and Amartya Sen (2002) : India Development and Participation.) 2007 : Indian Economy Since Foundations. (Ed. Byres. (1992) : The Indian Economy – Problems and Prospects. 4. Nagaraj. A. Recommended Readings : Essential Readings : 1. New Delhi.B. Kapila. R. Derez. (1996) : Towards Sustainable Growth – Essays in Fiscal and Financial Sector Reforms in India. (2006) : Aspects of India’s Economic Growth and Reforms.) 2003 : Economic Policy Reforms and the Indian Economy. I. Liberalised Exchange Rate Management System. & Papanek. India and the World Trade Organisation. Jalan. New Delhi. Oxford University Press. Government of India : Economic Survey (Annual). Krueger.) (1998) : India’s Economic Reforms & Development (Essays in Honour of Manmohan Singh). IMD (Eds.O. 6. Uma (Ed. 6.IV External Sector the Post-reform Era: Trade Policy during Post Reform Period. Acahya Shankar and Rakesh Mohan (Eds) (2011) : India’s Economic Performance and Challenges: Essay’s in Honour of Montek S Ahluwalia. 5.F. New Delhi. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 15 Unit.M. Delhi. 3. .) (1988) : The Indian Economy – Recent Development and Future Prospects. Oxford University Press. New Delhi. (Ed. Oxford University Press. 7. New Delhi.) (1998) : The Indian Economy : Major Debate Since Independence. B. New Delhi. (Eds. New Delhi. Oxford University Press. Foundation.V. Chelliah.

Regionalism: Various Forms of Economic Integration.Theories of Absolute Advantage.4 in all. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective: The course intends to provide a deep understanding about the broad principles and theories. The syllabus of this paper has been divided into four units. UBS. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 16 8. Each question shall carry 15 marks (15 × 4 = 60). New Approaches to Trade Theory: The Product Cycle theory. It would carry 15 short questions. Reserve Bank of India : Report on Currency and Finance (Annual). Rest of the paper shall contain 4 units. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit .II Imperfect Competition and International Trade: Economies of Scale. . Theory of Tariff and Non-tariff Barriers: Partial equilibrium Analysis of Tariff. Technology Gap Theory. The first question. services and capital – both short-term and long-term – at the global level. C. will greatly help them to examine the impact of the trade policies followed both at the national and international levels as also their welfare implications at macro level and the distribution of gains from trade. The candidate will be required to attempt any 10 short answer type questions. (1998) : Indian Economy : Essays on Money and Finance. Each short answer type question would carry 2 marks (10 × 2 = 20). The contents of the paper spread over different modules. Empirical Testing of Heckscher Ohlin Theory. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. Special tutorials/contact hour for one-to-one student-teacher interactions.I Theories of International Trade . UNIT . spread over the entire syllabus. 9. 2. Pedagogy of the Course Work : The course relies on a combination of lectures. Intra-industry Trade. UNIT . The Theory of Customs Union. in turn. which tend to govern the free flow of trade in goods. New Delhi. Various Non-tariff Barriers. 3.A. which would be compulsory. and discussing of academic articles or reallife situations. Mumbai Paper-MAECO-203 : INTERNATIONAL ECONOMICS Max. Rangarajan. 4. Heckscher Ohlin Theory of Trade. Comparative Advantage and Opportunity Costs. shall be short answer type (word limit 25-30 each).M. solving problems. lay stress on the theory and nature of the subject which. Effects of Tariff on Consumer’s and Producer’s Surplus. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. Factor Price Equalization. There shall be 9 questions in all. Terms of Trade: Concepts and Measurement of Terms of Trade.

O.N (1998) : International Trade: Selected Readings. Foreign Exchange Arbitrage and Market Hedging. World Trading System . Contemporary Exchange Rate Systems. Elsevier Amsterdam.A. and Kenen. London. and Obstfeld Maurice (2000) : International Economics-Theory and Policy Addison-Wesley. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 17 UNIT .M. James C and Robert M.R. B. (2003) : Handbook of International Economics. Fixed Exchange Rate . Mac Milan Press. P. Oded Shenkar and Yadong Luo (2004) : International Business. Further Readings: . International Bond Markets.T. John Wiley & Sons Inc.WTO. Volume-I. London. Causes of Disequilibrium in the Balance of Payments. and Rothwell. J-Curve Effect. Jones. N. Foreign Trade Multiplier. Clark Leith (1975) : The International Economy.L. R. Peter H. MacMilan Press Mia Mikic (1998) : International Trade. K. Foreign Exchange Transaction Forms.Specie Flow Mechanism. Lindert (1969) : International Economics. Inc.III The Balance of Payments and Adjustments: Concepts and Components of Balance of Payments.J. Dominick (2004) : International Economics. Inc.W.Mundell Fleming model. John Viley & Sons.J. II and III. Dunn. Ellsworth P. John Viley & Sons. Salvatore. Krugman P.Devaluation. Essential Readings: Bhagwati. UNIT – IV Foreign Exchange Markets: Euro Currency Markets. McMilan University Press. Marshal Lerner’s Conditions. Constolete and Company Ltd. and J. McMilan. Sodersten. (1967) : Theoretical Issues in International Economics. The Process of Adjustment Under: Gold Standard . J. Jr (2004) : International Economics.B. Flexible Exchange Rate . Keynesian Absorption Approach. Clement Mpfister. R. Princeton University Press. and Geoffery Reed (1994) : International Economics.

Efficient Provision of Public Goods in a Partial and General Equilibrium Approach. The candidate will be required to attempt any 10 short answer type questions. levels of government etc. Further. The syllabus of this paper has been divided into four units. 3. 2. The term ‘Public Finance’ has traditionally been applied to the package of those policies and operations which involve the use of tax and expenditure measures while budgetary policy is an important part to understand the basic problems of use of resources. the existing of externalities. Private and Public Goods : Allocation Function. and discussing of academic articles or reallife situations. debt issues. 4.. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. Each question shall carry 15 marks (15 × 4 = 60). Role of Budget with Special Reference to the Goal of Distribution. which would be compulsory. Each short answer type question would carry 2 marks (10 × 2 = 20).MAECO-204 : ECONOMICS OF PUBLIC FINANCE Max. concern for adjustment in the distribution of income and wealth. . solving problems. spread over the entire syllabus. There shall be 9 questions in all. Special tutorials/contact hour for one-to-one student-teacher interactions. There are vast array of fiscal institutions – tax systems. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. Pedagogy of the Course Work : The course relies on a combination of lectures. expenditure programmes.A.M. shall be short answer type (word limit 25-30 each). Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. require political processes for their solution in a manner which combines individual freedom and justice. Rest of the paper shall contain 4 units. stabilization instruments. The students would be evaluated at the end of the academic year through subjective type questions/answers (both short and essay type). distribution of income etc. which raise a spectrum of issues arising from the operation of these institutions. etc. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : Role and functions of the Government in an economy have been changing with the passage of time. UNIT-I Scope of Public Finance. budgetary procedures. This paper combines a thorough understanding of fiscal institutions with a careful analysis of the issues which underline budgetary policies in general and Indian experience in particular. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. The first question. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 18 Paper. It would carry 15 short questions.

(ed. B. P. Govt. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 19 UNIT-II Various Approaches of Equity in Taxation. 10. Penguin Books. R. Financial Federalism in India. R. 4th edition. McGraw Hill. Oxford. W. (1970) : The Economic Theory of Fiscal Policy. Atkinson. (2007) : Lectures on Public Finance. Harmondsworth. Benefit Principle. Routledge. and Jackson. Houghton. Savings and investment. Hemalata Rao (1994) : Federal State Financial Relations : Theories and Principles. UNIT-III Growth and Structure of Public Expenditure.A.M. Govt. Arun Kumar (1998) : Black Economy in India. Peacock. 3. A. and Straw.K. 11. 6.) (1970) : Public Finance. : Musgrave. 5. P. Essays on Financial and Fiscal Sector Reforms. Penguin. (1996) : Sustainable Growth. Central State Financial Relations in India. Wagner’s Law and Peacock . of India. Public Sector Economics. 8. Effects of Taxation on Work Efforts. B. Excess burden. Issues relating to Public debt : Debt Burden Analysis and Management of Public Debt. Incidence analysis in a partial and General Equilibrium Setting. 9. UNIT-IV Deficit Finance. and Stiglitz . Ashish Publishing House. of India. Lindahl Theory and Ability to Pay Approach.M.C. (Latest Edition) Brown. R. International eds. G. Recommended Readings : Essential Readings : 1. Recent Policy in India. Ministry of Finance : 9th. & Musgrave. Chelliah. ----------------------------------- . Govinda Rao and Tapas Sen (1998) : : Public Finance in Theory and Practice.V. (1990) M. 4. Ministry of Finance (1988) : Sarkaria Commission Report on Centre–State Financial Relations. J. Pattern of Public Expenditure in India and Recent Reforms in India. Basil Blackwell. U K. C.A. Maiden Head. 2. 10th and 11th Finance Commission Reports. Oxford University Press.Wiseman Hypothesis. Mac-Millan. 12. 7. E. Raghabendra Jha (1999) : Modern Public Economics.

Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. Pedagogy of the Course Work : The course relies on a combination of lectures. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 20 SEMESTER-III Paper-MAECO-301 : MACRO .A. . spread over the entire syllabus. The paper entitled “Macro-Economics-I” equips the students at the postgraduate level to understand systemic facts and latest theoretical developments for empirical analysis. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : Macroeconomics or aggregative economics analysis establishes the functional relationship between the large aggregates. It would carry 15 short questions. The first question. shall be short answer type (word limit 25-30 each). which would be compulsory. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. 2. Rest of the paper shall contain 4 units. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). The candidate will be required to attempt any 10 short answer type questions. Each question shall carry 15 marks (15 × 4 = 60).M. Special tutorials/contact hour for one-to-one student-teacher interactions. 3. Each short answer type question would carry 2 marks (10 × 2 = 20).ECONOMICS-I Max. 4. but also a body of empirical economic knowledge. Macroeconomics now is not only a scientific method of analysis. and discussing of academic articles or reallife situations. There shall be 9 questions in all. The aggregate analysis has assumed such a great significance in recent times that a prior understanding of macroeconomic theoretical structure is considered essential for the proper comprehension of the different issues and policies. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. The syllabus of this paper has been divided into four units. solving problems.

(1980) : Open Economy Macro Economics.A. 10. Relative Income Hypothesis. W. & F. (1994) (3rd ed. (1975) (5th edn. 7. Dornbusch. Properties and Shifts of IS and LM Curves and Simultaneous Equilibrium in Money and Product Markets. Basic Books. J.) : Macro Economics. 5. 6. O. D. Charles E. 8. 3. R. New York. McGraw Hill Inc. Derivation. New York. Harper and Row. 12. Curwen. Money Multiplier and Credit Creation by Commercial Banks.M. J. Ackley. Columbus. Baumol and Tobin’s Contribution. Consumption under Uncertainty – Modern approach. Harvard University Press. Harvard. Harper and Row. Branson. Merrill. W. John Wiley and Sons. S. 2. S. H. Burrow. H. Stanley (1997) : Macroeconomics. C. and Fisher. 4. J. R. P. Aschheim. UNIT-II Investment Function : Keynesian Approach. F. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 21 UNIT-I Consumption Function : Absolute Income Hypothesis. Saving and the Theory of Consumer Behaviour. & Litvack.).) : Macroeconomic Theory and Policy. Accelerator Theory and Neo-Classical Theory of Investment and Tobin’s Q Theory of Investment. . (1976) : Macro Economic Analysis (4th Ed. Branson. J. UNIT-III Demand for Money : Quantity Theory of Money. Cambridge. Effects of Monetary and Fiscal Policies under Different Cases in the IS-LM Framework. Essential Readings : 1. Duesenberry. & Hitiris. Blanchard. UNIT-IV Supply of Money : Definition of Money and its importance in Macroeconomics. McGraw Hills. Dornbusch. 11. Dernberg. Ohio. (1949) Income. S. (1969) : Macroeconomics : Income and Monetary Theory. M. G. F. (1974) : Macro Economic Theory : A Mathematical Introduction. George Allen and Unwin Ltd. Permanent Income and Life Cycle Hypotheses. and Hiech.. (1976) : Inflation. (1976) : Macro-economics. Friedman’s Restatement of Quantity Theory of Money. T. New York. M. (1978) : Macroeconomics : Theory and Policy. J. 9. (1989) : Lectures in Macroeconomics. T. New York. Macmillan. P. Brooman. MII Press. Keynesian Approach. Macmillan. and Mc Dugall.

N. New Delhi. C. 14.) Ltd. MIT Press. Schaum’s Outlines of Theory and Problems. New York. Dum-Don Valley. J. R. Gordon. Jha. G. 32. (1965) MIT Press. H. and R. G. R. B. 31. (1950) : A Contribution to the Theory of Trade Cycles. 26.. Cambridge Univ. Cambridge. W. Mankiw. Harris (1998) : Macroeconomics. Oxford University Press. J. Diulio (1997) : Macroeconomics. R. Clarendon Press. Massachusetts. Cambridge University Press. (1974) : The Crisis in Keynesian Economics. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 22 13. & J.) : Readings in Macroeconomics. New York. Prentice Hall of India. Friedman. Hagger. Lucas.A. 20. R. O. Eugene. A. Keynes. R. R. (1977) : Inflation: Theory and Policy. J. Hicks. and S. E. G. W. (1978) : Money. 28. . 27. 25. (1977) : Demand for Money : Theory and Evidence. McGraw Hill. London. M. 18. New Delhi. J. Mathews. (1970) : A Theory of the Consumption Function. New Delhi. Norton. 16. New Delhi. Cambridge. Rebman (1986) : Macroeconomics : An Introduction to Keynesian and Neoclassical Controversies. Frederick (2001) : Foundations of Modern Macroeconomics. Hicks. & V. The University of Chicago Press. W. Macmillan. New York. (1936) : The General Theory of Employment. J. Chicago. R. D. Laidler. Oxford University Press. (1956) : Studies in the Quantity Theory of Money. (1983) : Theories of Inflation. Mueller. Hall. Patinkin. 17. Taylor (1986) : Macroeconomics. Interest and Prices (2nd ed. 24. Press. and D. E. Friedman. 21. (1966) (3rd ed. Addison Wesley. M. D. London. London. Romer (eds. 15. New Age International (P. (1981) : Studies in Business Cycle Theory. E. Macmillan.) (1991) : New Keynesian Economics (2 Vols. The Price Level and Interest Rates. Heijdra. New York. Oxford. Money. (1964) : The Trade Cycle. Holt Rinehart and Winston.). Cambridge. 22. Interest and Money. Frisch. Oxford and IBH. R. Mckinen. M. 23. (1999) : Contemporary Macroeconomic Theory and Policy. P.). G. Levacic.M. B. 30. Harper and Row. Macmillan. 29. 19. M.

L. M. Vols. New Longman. D. Taylor. C. Irwin.. E. National Income and Stabilization Policy. 38. the resurgence of marketism and greater focus on areas like education. There was a pressing need in those countries for uplifting their economic conditions by restructuring their economies to acquire greater diversity.) : Readings in Money. Romer. Ltd. In recent times. 35. in consonance with their priorities. Rakshit. L. the study of development economics assumed greater significance. 39. (ed. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : As a sequel to the post-second war developments. Consequently. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 23 33. (1996) : Macro-economic Analysis (5th ed. McGraw Hill Co. 41. Richard D. health. various international bodies were also keen to help and guide the laggards. 2 & 3. study of this discipline continues to be of prime importance. (1977) : Macroeconomic Analysis and Stabilization Policy. Growth and Development economists are making earnest efforts at theorizing to break fresh grounds. (1996) : Advanced Macroeconomics. (1970) (Ed. Cambridge University Press. 37. efficiency and equity. sanitation. Oxford. have reopened some of the old debates besides opening up new areas of investigation. (1977) : Cycles. M. Cambridge. Consequently. L. 40.). M. American Economic and The Royal Economic Society (1965) Paper-MAECO-302 : ECONOMICS OF GROWTH AND DEVELOPMENT –I Max. S. the study of Economic Development gained impetus because three-fourths of humanity was experiencing wretched conditions of existence. In addition. Shapiro. and Teigen. 36. the policy makers were eager to acquaint themselves with various policy options in their bid to re-construct their dilapidated economies. Growth and Inflation. (1983) : Structuralist Macroeconomics.. New Delhi. (1998) : Studies in the Macroeconomics of Developing Countries. Galgotia Publications.1.M. Turnovsky. New Further Readings : 1. New Delhi. J. Since a variety of perspectives were available. hitherto relegated to the background. B. Basic Books. R. : A Survey of Economic Theory.) (1976) : Macroeconomics Themes. and infrastructure development. New York. H.A. Scarfe. energy and environment. (1982) : Theory of Macroeconomic Policy. Oxford University Press. Surrey. Heritage Publishers. L. W. . 34. Oxford University Press. Ltd. Smith. Peston. J. McGraw Hill Co. L. York.

Physical Capital. There shall be 9 questions in all. and discussing of academic articles or reallife situations. Historical Background (Colonialism and Dependence). solving problems. importance of economic policies and relevance of planning have been included in the modules of this paper. Resources and Technology (Quantum and Quality of Natural Resources. Sen’s Conception of Development. Each short answer type question would carry 2 marks (10 × 2 = 20). 4. in so far as possible.24 M. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. Karl Marx. shall be short answer type (word limit 25-30 each). UNIT-II Diverse Structure and Common Characteristics of Developing Nations : Size and Income Level (The Vicious Circle of Poverty and Low Level Equilibrium Trap). ECONOMICS (SEMESTER SYSTEM) SYLLABUS Modules incorporated in this paper are devoted to the theories of growth and development. It would carry 15 short questions. Values and Institutions.Islands of Prosperity and How the other Three Quarters Live. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. would be selected from everyday life/experience.e. role of international trade. Development. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). Examples. 3. Dividing the World and Levels of Development (Development as an Evolving Concept i. PQLI and HDI as Indicators of Development). The candidate will be required to attempt any 10 short answer type questions. its Characteristics and Forms. Rest of the paper shall contain 4 units. and Technology).A. Schumpeter and Rostow’s Theory of Stage of Economic Growth. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. Pedagogy of the Course Work : The course relies on a combination of lectures. Goulet’s Three Core Values of Development. Special tutorials/contact hour for one-to-one student-teacher interactions. Meaning of Dualism. Income/Output based Measures and Their Inadequacies. which would be compulsory. Growth and Change. spread over the entire syllabus. The syllabus of this paper has been divided into four units. Each question shall carry 15 marks (15 × 4 = 60). The other important issues in the context of development such as infrastructure-linkages. The first question. importance of agriculture. and the rational and pattern of industrialization in developing countries. UNIT-III Theories of Development : David Ricardo. 2. UNIT-I Understanding Development : Living in a heterogeneous World . The time-tested method of imparting verbal instructions through lectures would be used. .

Pedagogy of the Course Work : The course relies on a combination of lectures. and James E. and Stephen C. 2. Debraj (2004) : Development Economics. New Delhi. Special tutorials/contact hour for one-to-one student-teacher interactions. Raunch (2003) : Leading Issues in Economic Development. Sustainable Development (Conceptualization. Todaro. New York. 3. shall be short answer type (word limit 25-30 each). Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : The focus of this course is to introduce students to the importance of agricultural sector and to the issues associated with agricultural transformation. Ray. Smith (2004) : Economic Development. Indian Branch. The first question. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all.. Seventh Edition. which would be compulsory. Concern. Demographic Transition. A. Interrelation between Population Growth and Economic Development (from Pessimism to Optimism). Ltd. policies and programmes in these areas with particular emphasis on Indian agriculture. Indicators and Remedial Measures). Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. Essential Readings : 1. 3. and demand of and supply for agricultural commodities. The objective is to equip students to analyze and critically assess issues. Oxford University Press. There shall be 9 questions in all. Pearson Education (Singapore) Pvt. P. Oxford Paper-MAECO-303 & 304 : (OPTION i ) : ECONOMICS OF AGRICULTURE-I Max. (2003) : Growth and Developing. Each short answer type question would carry 2 marks (10 × 2 = 20). Impression. Each question shall carry 15 marks (15 × 4 = 60). Meier. agricultural production. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 25 UNIT-IV Population Growth. The syllabus of this paper has been divided into four units. 4. New York. The candidate will be required to attempt any 10 short answer type questions. It would carry 15 short questions. . Rest of the paper shall contain 4 units. Economic Development and Environment : The Historical Changes in World Population. Palgrave Macmillan. spread over the entire syllabus. 4. Thirlwall.A. and discussing of academic articles or reallife situations. Gerald M.M. Michael P. solving problems. Delhi. 2. Seventh University Press.

Gardener and Gordon C. Characteristics of Supply of Farm Products. Soviet Russia.A. Eicher Karl and Lawrence Witt (Eds.V. 2002. Rausser (Eds.V. McGraw Hill Co.1A Agricultural Production. Quantity and Quality Components of Demand for Food. Amersterdam. Rausser (Eds) : 3..) : 5. Specificities of Farm Organisation and Agricultural Production and Markets. Role of Agriculture in Economic Development : Contribution of Agriculture to Economic Development. Gardener and Gordon C. Historical Perspective [Experience of England.) : 2.V. 2A Agricultural and Its External Linkages. . Cobb-Douglas and CES production functions.. and Return to Scale. Handbook of Agricultural Economics Vol.1B Marketing. Role of Price and Non-Price Factors in Inducing Aggregate Supply. Bruce L. Elsevier Science B. Inter-sector Linkages of Agriculture [Backward and Forward Linkages and Feedback Effects]. Productivity. Distribution and Consumption.. Gardener and Gordon C. 2B Agricultural and Policy. Bruce L. and India]. Amersterdam.) : 4. UNIT-III Agricultural Transformation: Schultz Theory of Transformation of Traditional Agriculture Mellor’s Model of Agricultural Development Hayami-Ruttan Induced Innovation Model of Agricultural Development. Rausser (Ed. Amersterdam. Agricultural Transformation: Indian Experience UNIT-IV Risk and Uncertainty in Agriculture: Nature and Types of Risks and Uncertainties in Agriculture. Amersterdam. Various Types of Factor-Product. Basic Readings: 1. Handbook of Agricultural Economics Vol. Empirical Supply Response Functions and Evidence. Australia. New York. Factor-Factor. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 26 UNIT-I Introduction : Nature and Scope of Economics of Agriculture. Gardener and Gordon C. Agriculture and Economic Development. Demand for and Supply of Farm Products: Characteristics of Demand for Farm Products. 2002. Bruce L.. Declining Role of Agriculture and Dilemmas of Development.M. Supply Response of Farm Products. UNIT-II Agricultural Production: Uniqueness of Agricultural Production. Latin America. 2002. United States. Japan.. Rausser (Ed. Elsevier Science B. Public Policies and Farm Level Measures to Reduce Risk and Uncertainties. and Product-Product Relations.V.. Elsevier Science B.) : Handbook of Agricultural Economics Vol. Sources and Barriers Barriers to Agricultural Development. Handbook of Agricultural Economics Vol. 1964. 2002. Bruce L. Role of Farm Size and Structure in Equilibrium. Forecasting of Demand for Food Products. Elsevier Science B.

3. Pedagogy of the Course Work : The course relies on a combination of lectures. Isabelle (2011) : 27 Agriculture and Economic Development. It would carry 15 short questions. 2011.M. more and more attention is being given to industry. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). 4. Southworth Herman and Bruce Johnston (eds) : 8. Cornell University Press.A. Ghatak Subrata and Ken Ingersent : 7. The students are also equipped to deal with debates involved in the industrial development in a cogent and analytical manner. The syllabus of this paper has been divided into four units. New York. Each short answer type question would carry 2 marks (10 × 2 = 20). Since industry performance critically depends on firms’ behavior allowing equilibrium outcome. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. 2011. particularly in the Indian context. it should be noted that Game Theoretic approach to any topic/problem is outside the scope of the present syllabus. which would be compulsory. London. shall be short answer type (word limit 25-30 each). 2. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. The candidate will be required to attempt any 10 short answer type questions. Special tutorials/contact hour for one-to-one student-teacher interactions. There shall be 9 questions in all. Harvestor Press Ltd. . Tsakok. The first question. the course intends to provide a rigorous knowledge of different long-run equilibrium outcome of firms under different conditions from the point of view of public policy. 1984 Agricultural Development and Economic Growth. Success in Agricultural Transformation: What It Means and What Makes It Happen. Cambridge University Press. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : In the contemporary world with globalization and liberalization. and discussing of academic articles or reallife situations. Paper-MAECO-303 & 304 : (OPTION ii ) : ECONOMICS OF INDUSTRY-I Max. spread over the entire syllabus. Rest of the paper shall contain 4 units. solving problems. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 6. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. However. Each question shall carry 15 marks (15 × 4 = 60). New York.

Boston Houghton Miffilin Company. Allocative versus Productive Efficiency. Essential Readings : 1. & Ross David (1990) : Industrial Market Structure and Economic Performance. Size and Ownership Structure of Industrial Enterprise. Dilip Mukherjee (1995) : Indian Industry. Devine. Scherer. Williamson.). 3. Oxford University Press. Shepherd. & Cyert R. 2. UNIT-III Market Conduct under Oligopoly : Rivalry and Collusive Conduct. L. Caves. P. 6. (1990) : The Economics of Industrial Organisation (3rd edn. 12. A. Market Structure and Profitability. M.M. J. (1968) : Industrial Organizations (2nd edn. (1970) : Planning for Industrialization : India.A. (1972) : American Industry : Structure. M. S. D. UNIT-II Monopoly Power and Oligopolistic Market Structure. Deepak (ed.) (1994) : Industrial Growth and Stagnation. S. UNIT-IV Market Performance : Allocative Efficiency. Mergers. G. Prentice Hall. University of California. Wildsmith. (1973) : Theory of the Firm. 4. D. 7. Determinant of Sellers’ Concentration: Economies of Scale. & Others (1976) 11.). Hawkin. Cohen. Barriers to Entry. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 28 UNIT-I Modern Corporation Enterprise. Size and Growth of Markets. Productive Efficiency and Sub-Optimal Capacity. George Allen & Unwin. Conduct Performance (2nd edn. Macmillan. Non-Price Competition with Reference to Advertising. K. 8. and Morris. New Jersey. R. Marris and Cyert and March. Limit Price and Contestable Markets. Introduction to Industrial Economics. (1976) : Theory of the Firm. and Desai. Martin Stephen (1989) : Industrial Economics (Economic Analysis and Public Policy). 10. C. Oxford University Press. W. 9. Prentice Hall Englewood Cliffs. J. Dominant Firm Behavior and Potential Competition. (1991) : Industrial Economics : Theory and Evidence. (1975) : Managerial Theories of the Firm. Nayyar. Measures of Sellers’ Concentration. J. Hay. Issue of Separation of Ownership from Management and Control Models Alternative to Profit Maximization : Baumol. P. J. Oxford University Press. Oxford University Press. Bain. Bhagwati. Dominant Position of Corporate and its Characteristics.). J. 13. . F. Prentice Hall. 5.

Besides the time-tested method of imparting verbal instructions through lectures. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. 17. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : Application of economic theory need a reasonable understanding of economic relationships and relevant statistical methods. The feedback would be sought through the students writing assignments. Each short answer type question would carry 2 marks (10 × 2 = 20). in so far as possible.A. (1990) : Monopoly Power : Some Aspects of its Impact on Indian Industry (Unpublished Ph. shall be short answer type (word limit 25-30 each). 4. 3. It would carry 15 short questions. Kansra. Each question shall carry 15 marks (15 × 4 = 60). Examples. The topics covered in the course include various problems faced in estimation of both single equations and simultaneous equation models. and discussing of academic articles or reallife situations. which would be compulsory. March. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). XXVII. CMIE Publications : Various Issues. Artha Vijnana (December. U. Rest of the paper shall contain 4 units.M. 2.D. 1985. The first question. 15. 16. Gupta. solving problems. S. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 29 14. The econometric theory thus becomes a very powerful tool for understanding of applied economic relationships and for meaningful research in economics. The candidate will be required to attempt any 10 short answer type questions. 1972). Thesis. 18. Economic and Political Weekly : Various Issues. This paper accordingly is devoted to equip the students with basic theory of econometrics and relevant applications of the methods. description and derivation of econometric models would be demonstrated by extensive use of blackboard.(1985) : ‘Profit Margin Performance and Market Structure in Indian Manufacturing Industries’. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. -do. There shall be 9 questions in all. Vinod K.). INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. P. Paper-MAECO-303 & 304 : (OPTION iii ) : BASIC ECONOMETRICS Max. Special tutorials/contact hour for one-to-one student-teacher interactions. Artha Vijnana. . L. spread over the entire syllabus. tutorials and seminars. (1972) : “Some Factors relating to Concentration in Indian Industries”. would be selected from everyday life/experience. Vol. Pedagogy of the Course Work : The course relies on a combination of lectures. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. The syllabus of this paper has been divided into four units.

(1973) : A Theory of Econometrics. 4th Ed. S. Koutsoyiannis. Hetroscedasticity and Autocorrelation. and D. Methodology Followed & Type of Data Used in Econometric Models. Estimation of the Two Variable and Multiple Regression Models with the Method of Ordinary Least Squares (OLS) . 4th Ed. Almon’s Polynomial Approach. Harper & Row. (2007) : Introduction to Econometrics (3rd ed. Wooldridge. UNIT-II Nature.. . South Western College Publishing. New York. (2000) : Introductory Econometrics. 5. New York. Koyck Approach for Estimation of DL & AR Models Rationalization of Koyck Approach by Adaptive Expectation and Partial Adjustment Hypothesis. Macmillan. Essential Readings : 1. G. Testing for and redressal of Multicollinearity. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 30 UNIT-I Nature & Types of Econometrics. Maddala. Consequences.M. 6. J. Jeffery M. Wiley India. Kemanta. Gujarati Damodar (2002) : Basic Econometrics. Johnston. UNIT-IV Estimation of Regression Models using Standard Statistical/Econometric Packages [SPSS/E-View/STATA]. 3.). Maximum Likelihood Estimation (MLE). Hetroscedasticity. McGraw Hill. Nardo (1997) : Econometric Methods. 4. Autocorrelation using Computer Techniques.A.). A. (2008) : Elements of Econometrics (2nd Ed. 5. 2. Interpretation of Estimates and Hypothesis Testing. McGraw Hill. UNIT-III Distributed Lag and Autoregressive Models: Introduction and Nature of Distributed Lag (DL) & Auto Regressive (AR) Model. BLUE Properties and Testing of Hypothesis. J.. Detection & Remedial Measures for the problems of : Multicollinearity.

spread over the entire syllabus. Demographic Transition Theory and Optimum Population Theory. Pedagogy of the Course Work : The course relies on a combination of lectures. and discussing of academic articles or reallife situations. which would be compulsory. Mortality Differentials in India: Rural-Urban. Liebenstein. Measurement of Fertility and Fertility Differentials in India. UNIT-II Population Structure and Characteristics : Impact of Population Growth on Age and Gender Structure. The candidate will be required to attempt any 10 short answer type questions. Marxian. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned.A. Rest of the paper shall contain 4 units. Aging of Population.M. There shall be 9 questions in all. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 31 Paper-MAECO-303 & 304 : (OPTION iv ) : ECONOMICS OF POPULATION Max. Each question shall carry 15 marks (15 × 4 = 60). The syllabus of this paper has been divided into four units. Population as “Limits to Growth and as Ultimate Source”. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : The main objective of this paper is to make the students aware of the importance of population in economic development and the various theories that explain the growth of population in a country. The first question. Each short answer type question would carry 2 marks (10 × 2 = 20). Malthus. Concept of Fertility Transition. UNIT-I Theories of Population. Population and Economic Development. Age and Gender. 4. Migration and urbanization are the characteristics of structural changes taking place in the economy. 3. 2. solving problems. shall be short answer type (word limit 25-30 each). Special tutorials/contact hour for one-to-one student-teacher interactions. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. The study of Quantitative and Qualitative composition of population is also required to understand the dynamics of population growth. It would carry 15 short questions. Becker. . Mortality : Components and Measurement.

Male-Female. Schultz. S.M. Boserup. Migration in India : Causes and Trends. (1981) : Population and Technological Change. 5. 2. The Economics of Population Quality. Princeton. . Hindustan Publishing Corporation. Shryock. John Wiley. Determinants and Patterns 3. (1998) : Basic Demographic Techniques and Applications. Causes and Consequences of Migration. Hoover (1958) : Population Growth and Economic Development in Low Income Countries : A Case Study of India’s Prospects. John R. New York. Bouge. (1971) : Principles of Demography. India. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 32 UNIT-III Migration : Concepts. Becker. (1978) : Investing in People. A Study of Long Term Trends Chicago: University of Chicago Press. (1976) : The Methods and Materials of Demography. Migration Differentials in India : Rural-Urban. G. S. and Lewis. Peter R. New Delhi. Sampling Vital Registration Methods. W. D. Wadsworth Publishing Company. Princeton University Press. Princeton. and E. Tata McGraw Hills Publishing Co. Measurement. (1976) : Population Problems. UNIT-IV Estimation of Population in India : Census. 6. Vikas Publishing House. et. E. J. 8. Cox. Migration Selectivity. (1960) : An Economic Analysis of Fertility in Demographic Change and Economic Change in Developed Countries (edited by National Bureau of Economic Research).. H. New York. Population Policy in India since Independence. 3. 4. Thompson. Sage Publications. al.. Princeton University Press. 7. Weeks (2002) : Population : An Introduction to Concepts and Issues (7th Edition). K. (2008) : A Geography of Population Concepts. 2. D. New Delhi.. C. T. Recommended Readings : Essential Readings : 1. Theodore W. Chandna. R. Coale. Growth and Structure on Indian Population since Independence. New York.A. Delhi. (1979) : Demography. A. New Delhi. Further Readings : 1. Srinivasan. Academic Press.

Relevance of Human Resource Development in India. Research and Knowledge: Arrow. Emerging Human Resource Management Concepts in New Millennium. Traditional and Modern Approaches to Human Resource Development. Each short answer type question would carry 2 marks (10 × 2 = 20). 4. 3. 2. Special tutorials/contact hour for one-to-one student-teacher interactions. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 33 OR Paper-MAECO – 303 & 304 –OPTION iv) : ECONOMICS OF HUMAN RESOURCE DEVELOPMENT Max. UNIT-I Human Resource Development (HRD): Human Resource Development in National Perspective. spread over the entire syllabus. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : The objective of this paper is to rigorously and comprehensively equip the students with theoretical concepts. which would be compulsory. solving problems.M. in general. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). Rest of the paper shall contain 4 units. Human Resource Development in Organizational Perspective. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. . UNIT-II Human Capital: Concept and Measurement of Human Capital. Each question shall carry 15 marks (15 × 4 = 60). Pedagogy of the Course Work : The course relies on a combination of lectures. shall be short answer type (word limit 25-30 each). a static and partial equilibrium framework. Human Resource Information System. and discussing of academic articles or reallife situations. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. The first question. The syllabus of this paper has been divided into four units. methodology and process of reasoning involved in analysing economic behaviour of individuals. firms and markets using.A. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. Concept of ‘On the Job Training’ and Re-training. Endogenous Growth: Role of education. There shall be 9 questions in all. Romar and Lucas Models. Investing in Human Capital: Becker’s Model. Human Resource Development in Global Perspective. The candidate will be required to attempt any 10 short answer type questions. It would carry 15 short questions.

A. Expenditure and Legislation. Models of Discrimination. 2. Macpherson (2010) : Contemporary Labour Economics. New York. Establishing Pay Plans. Martin’s Press. Internal Labour Market. Theodore W. Types. Richard. and the Emerging Challenges). Various Incentive Schemes. Hindustan Publishing Corporation (India). Economics of Discrimination . Brain Drain and Migration (Theories. (1981) : Investing in People: The Economics of Population Quality. 5. A. UNIT-IV Human Resources Development and Challanges: Migration as Human Capital Investment. Lam Tracy Addison Wesley Publishing Company. Peterson (2005) : Systematic Management of Human Resources. McConnell and Brue Stanley. Crowding Model. 1. Chicago. Don and J. Government and Labour Market: Employment. Mark ( 1979) : Labor Economics: Choice in Labor Markets Jackson McGrawHill Book Company.Concept. Mankin. London. Asymmetric Information in the Functioning of the Human Resource Market: Principal Agent Problem. St. (1957) : Economics of Discrimination. Bellante. and D. MacMillan. Schultz. Emerging Challenges of Migration and Issue of Brain Drain. David (2009) : Human Resource Development. Monopsony Model and Theory of Statistical Discrimination). Kempton. Becker. New York. 3. McGraw Hill Book Company. New Delhi. Delhi. Efficient Wage Theory. 4. John : Human Resource Management and Development: Current Issues and Themes. University of Chicago Press. B. Market Signaling. 2.M. (1995) Further Readings : . Gary. (Becker.A. Oxford University Press. London. Rural-Urban Migration (Harris-Todaro Model). R. 8th Ed. Welfare Implications of International Migration. Campbell. S. L. Recommended Readings : Essential Readings : 1. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 34 UNIT-III Managing Human Resources: Techniques of Labour Demand Forecasting.

& V. New Delhi. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. London. It would carry 15 short questions. (1990) : Labour Market as an Institution.A.S. which would be compulsory. (ed. 3. The aggregate analysis has assumed such a great significance in recent times that a prior understanding of macroeconomic theoretical structure is considered essential for the proper comprehension of the different issues and policies. (1975) : Employment. Pedagogy of the Course Work : The course relies on a combination of lectures. G. Sage Publications/Response Books. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit — 4 in all. . 4. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). The paper entitled “Macro Economics” equips the students at the postgraduate level to understand systemic facts and latest theoretical developments for empirical analysis. 2. (2001) and 35 Development. A. C.K.ECONOMICS-II Max. Blackwell. Stoney. 4. and discussing of academic articles or reallife situations. The syllabus of this paper has been divided into four units. Technology University Press. shall be short answer type (word limit 25-30 each).) (2001) 7. 5. : Globalization and Labour Management Relations : Dynamics of Change. Rest of the paper shall contain 4 units. Solow. Geneva (Eds. ILO. but also a body of empirical economic knowledge. Special tutorials/contact hour for one-to-one student-teacher interactions. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 3. There shall be 9 questions in all. solving problems. Each question shall carry 15 marks (15 × 4 = 60). Sen. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. Oxford Human Resource Management: A Critical Text. Macroeconomics now is not only a scientific method of analysis. Each short answer type question would carry 2 marks (10 × 2 = 20). New Delhi. SEMESTER-IV Paper-MAECO-401 : MACRO . Rutledge.M. John J. London. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : Macroeconomics or aggregative economic analysis and establishes the functional relationship between the large aggregates. spread over the entire syllabus. Tokman (1991). R.M. Standing . Venkata Ratnam. The first question. The candidate will be required to attempt any 10 short answer type questions. : Towards Social Adjustment.) 6. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi.

Ohio. 11. Wage-Price Flexibility and Automatic Full Employment – Classical versus Keynesian Approach. and Fisher. Ackley. 8. (1976) : Macro Economic Analysis (4th Ed. Long Run Phillips Curve. Dornbusch. 4. T. C. S. F. Merrill. Aschheim.A. Mundell Model. J. Recommended Readings : Essential Readings : 1. H. Macmillan. Conflicts Among Objectives. Macmillan. M. Harper and Row. UNIT-II Inflation : Its effects. Harvard University Press. Columbus. Mundell-Flemming Open Economy Model. S. Brooman. & F. (1978) : Macroeconomics : Theory and Policy. 10. Macroeconomics : Income and Monetary Theory. 6. M.). R. W. Inc. and Mc Dugall. P. Phillips Curve Analysis. (1976) : Macro-economics. 2. (1980) : Open Economy Macro Economics. Dernberg. New-Keynesian Macroeconomics. Branson. New-Classical Macroeconomics : Rational Expectation Revolution and Real Business Cycle Theory. G. (1989) : Lectures in Macroeconomics.) : Macro Economics. New York. Basic Books.. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 36 UNIT-I Demand and Supply of Labour : Classical and Keynesian Views. Disequilibrium in Balance of Payments and Its Consequences. & Hitiris. R. Saving and the Theory of Consumer Behaviour. O. Monetarist and Structuralist Views of Inflation. (1949) : Income. P. & Litvack. (1976) : Inflation. 7. Dornbusch. New York. J.) : Macroeconomic Theory and Policy. John Wiley and Sons. Cambridge. 9. UNIT-IV Monetary and Fiscal Policies : Objectives. H. J. T. Balance of Payments Adjustment Policies under Fixed and Flexible Exchange Rates. Keynesian and Classical Models of Income and Employment Determination. Charles E. New York.M. Recent Developments : Monetarism. Swan Model. Burrow. Kaldor Model. (1975) (5th edn. Branson. New York. . Trade Cycle Theories : Accelerator-Multiplier Interaction Models. Harper and Row. George Allen and Unwin Ltd. J. MII Press. (1974) : Macro Economic Theory : A Mathematical Introduction. Duesenberry. Blanchard. (1994) (3rd ed. (1969) : 3. Kaldorian Theory of Distribution. McGraw Hills. 12. Keynes’ view. W. S. J. 5. and Hiech. F. McGraw Hill. Quantity Theory View. Curwen. Stanley (1997) : Macroeconomics. New York. Harvard. D. UNIT-III Balance of Payments : Current and Capital Accounts.

G. 35. New Delhi. E. Lucas. Masscechusetts. ECONOMICS (SEMESTER SYSTEM) SYLLABUS Outlines of 37 13.. Addison Wesley. B. Interest and Money. McGraw Hill. Hagger. and D. R. R. Holt Rinehart and Winston. 15. Harris (1998) : Theories of Inflation. New Age International (P) Ltd. (1981) : Studies in Business Cycle Theory. Frisch. Rakshit.A. & J. Friedman. M. Eugene. New Keynesian Economics (2 Vols. Heritage Publishers. W. MIT Press. Oxford University 28. W. New York. Norton. Cambridge University Press. Macmillan. Cambridge. Hicks. Harper and Row. Taylor (1986) : Macroeconomics. (1974) : The Crisis in Keynesian Economics. 16. Hall. G. 30. D. (1966) (3rd ed.). 23. Macmillan. H. Friedman. 19. (1970) : A Theory of the Consumption Function. Mathews. (1996) : Advanced Macroeconomics. 34. (1999) : Contemporary Macroeconomic Theory and Policy. Macmillan. Heijdra. Patinkin. M. The University of Chicago Press. M. Cambridge. G. G. & V. Oxford University Press. 24. London. (1978) : Money. (1956) : Studies in the Quantity Theory of Money. O. New York. Macroeconomics. New York. McGraw Hill Co. J. London. Mankiw. Ltd. 18. R. New Delhi. M. Dum-Don Valley. Cambridge University Press. (1965) : 33. 21.) (1991) : 29. 25. R. Peston. Laidler. and S. New Delhi. 32. R. Theory of Macroeconomic Policy. R. M. Romer. D. Jha. Oxford and IBH. Press. New York. 26. and R. R. Clarendon Press. Gordon. Keynes. Prentice Hall of India. Hicks. MIT Press. 22. Schaum’s Problems. . B. Interest and Prices (2nd ed. N.). (1977) : Inflation : Theory and Policy. (1936) : The General Theory of Employment.) : Readings in Macroeconomics. Rebman (1986) : Macroeconomics : An Introduction to Keynesian and Neoclassical Controversies. C. New York. Oxford University Press. 31. D. (1950) : A Contribution to the Theory of Trade Cycles. Mckinen. L. (1998) : Studies in the Macroeconomics of Developing Countries. Cambridge. E.M. Theory and 14. J. (1983) : 17. W. J. (1977) : Demand for Money : Theory and Evidence. R. New Delhi. Oxford. London. H. New Delhi.. Levacic. Romer (eds. (1982) : Money. Mueller. the Price Level and Interest Rates. J. 20. 27. M. A. E. (1964) : The Trade Cycle. Diulio (1997) : Macroeconomics. Frederick (2001) : Foundations of Modern Macroeconomics. J. Chicago. P.

Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : The main objective of this course is to look at the process of growth and development in terms of its characteristics such as structural transformation. (1983) : Structuralist Macroeconomics. and Teigen. McGraw Hill Co. 2 & 3. Basic Books. L. Shapiro. New Longman. L. The first question. solving problems. (Ed. Taylor. M. New York. 38. There shall be 9 questions in all. Smith. Oxford. Rest of the paper shall contain 4 units. 4. it also aims to take up issues pertaining to the emerging global scenario and the debate concerning the planning vs marketism which is so vital for development theorists and practitioners. Scarfe. and discussing of academic articles or reallife situations. J.38. Special tutorials/contact hour for one-to-one student-teacher interactions. Oxford University Press. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi.) (1976) : Macroeconomics Themes. 37. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. which would be compulsory. It would carry 15 short questions. L. 2.) (1970) : Readings in Money. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 36. C.1. Each short answer type question would carry 2 marks (10 × 2 = 20). Growth and Inflation. B. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. R. shall be short answer type (word limit 25-30 each). Turnovsky. Further Readings : American Economic Association and The Royal Economic Society (1965) Paper-MAECO-402 : ECONOMICS OF GROWTH AND DEVELOPMENT –II Max. (1996) : Macro-Economic Analysis (5th ed. J. Richard D. 40. The syllabus of this paper has been divided into four units. W. its inter-sectoral interface. National Income and Policy. (ed. pattern of distribution of income. The candidate will be required to attempt any 10 short answer type questions. E. (1977) : Macroeconomic Analysis and Stabilization Cambridge University Press. Surrey. 3. 39. : A Survey of Economic Theory Vols.). Irwin. . L. Stabilization Policy. Ltd. New Delhi. 41. In addition. Pedagogy of the Course Work : The course relies on a combination of lectures. (1977) : Cycles. spread over the entire syllabus. Cambridge. S.. Galgotia Publications. M.A. Each question shall carry 15 marks (15 × 4 = 60).

4. Bombay. and S. 6. New York. Fei and Ranis and Harris-Todaro). Kenneth (1962) : The Economic Implications of Learning by Doing. Meier. Efficiency of the Competitive Market.M. Nurkse and Lewis). Structure of Capital Accumulation. N. Robert Lucas (1988) : On the Mechanics of Economic Development. October. Fei (1961) : A Theory of Economic Development. Market Failure. Oxford . A. Journal of Monetary Economics. Hollis and Moises Syrquin (1975) : Patterns of Development : 1950-70. Recommended Readings: Essential Readings : 1. Gerald M. 3. Role of Foreign Direct Investment (FDI) and Multi-National Corporations (MNCs) in the Emerging Scenario. Eicher. Rate Structure and Spread. S.Role. Oxford University Press. 10. Third Impression. Vakils. 7. Ray. Romer.A. H. 533-65. pp.) (1977 ) : The Economics of Underdevelopment. Government Failure. Publishers Pvt. Gustav and John C. New Delhi. Exploring the Relationship between Economic Development and Income Distribution (Kuznets’ inverted U – Shaped Curve and Augmented Kuznets’ Curve). Journal of Political Economy. Seventh Impression. (1986) : Increasing Returns and Long Run Growth. 155-173. Ranis. Debraj (2004) : Development Economics. 2. Kuznets. Singh (eds. 5. UNIT-IV Market and State: An Overview of the Economic Functions of the Market and State. Chenery. Industrialization and Urbanization (The Models of Lewis. P. and the Reconciliation of the Two. Developmental Aid . June. The Balanced Growth Doctrine (Review of Rosenstein. UNIT-II Agriculture-Industry Interface: Interdependence between Agriculture and Industry. Limited. Bombay. September pp. Occupational Structure. Carl and Lawrence Witt (1970) : Agriculture in Economic Development. Oxford University Press. Feffer and Simons Private Limited. Trends and Constraints. Delhi. Paul M. Arrow. The Strategy of Unbalanced Growth (Hirschman’s version). 9. Development. Agarwala. and Accumulation of Human Capital. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 39 UNIT-I Economic Growth and Structural Change: Structural Changes in the Composition of Gross Domestic Product. Market Failure in a Dynamic Economy. American Economic Review. on the Choice of Economic System. Vora & Co. (1966) : Modern Economic Growth. Rauch (2000) : Leading Issues in Economic University Press. July. Review of Economic Studies. Oxford University Press. 8. and James E. UNIT-III Economic Isolation and Integration with the Global Market: International Trade and Economic Development (Three Stories about Trade and Development Relationship)..

. Pedagogy of the Course Work : The course relies on a combination of lectures. K. (1976 ) : Economics of Development : Empirical Nugent Investigations. Rest of the paper shall contain 4 units. Hindustan Publishing Corporation (India). There shall be 9 questions in all. Sen. and Stephen C. which would be compulsory. Delhi. Macmillan. A. food security and international trade in agricultural commodities. Oxford University Press. Thirlwall. Oxford University Press. (2003) : Growth and Development. and also to expose students to the recent developments in Indian agriculture. Pearson Education. New York. It would carry 15 short questions.A. 12. agricultural markets. 14. solving problems. Paul M. Sen. Thorvaldur Gylfason (1999) : Principles of Economic Growth. October. Each question shall carry 15 marks (15 × 4 = 60). The first question. New York. The syllabus of this paper has been divided into four units. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. (1990) : Endogenous Technological Change. shall be short answer type (word limit 25-30 each). P. Theodore W. 2. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all.M. London. Harper and Row Publishers. Pan A. . A. Journal of Political Economy. 13. The candidate will be required to attempt any 10 short answer type questions. Smith.) (1970) : Growth Economics. 15. Delhi. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES: 1. policies and programmes in these areas. (1981) : Investing in People. Schultz. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : The focus of this course is to introduce students to issues associated with agricultural finance. and Nugent Jeffery B. and discussing of academic articles or reallife situations. Each short answer type question would carry 2 marks (10 × 2 = 20). Todaro. 16. Penguin Books. Seventh Edition. 3. Ltd. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 40 11. spread over the entire syllabus. Special tutorials/contact hour for one-to-one student-teacher interactions. Romer. (Singapore) Pvt. K. (1999) : Development as Freedom. (2004) : Economic Development. The objective is to equip students to analyse and critically assess issues. 17. 4. A. Indian Branch. Yotopoulos. Michael P. (ed. Palgrave Paper-MAECO-403 & 404 : (OPTION – i ) : ECONOMICS OF AGRICULTURE-II Max. 18.

Resolving Information and Incentive Problems. National Agricultural Policy (Latest) and the Agricultural Development Strategy in the Latest Five Year Plan. Storage and Market Stabilization. Bruce L. Adverse Selection. Threat.V. Gardener and Gordon C. Food Assistance Programmes [both Domestic and International]. Vertical Market Relationships. Price Stabilization and Social Benefits.. Types and Problems of Agricultural Commodity Markets. and Evaluation of Marketing Efficiency. Elsevier Science B. Besley. Amersterdam. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 41 UNIT-I Agricultural Finance : Financial Characteristics of Agriculture. Main Features of International Trade in Agricultural Commodities. Vol. 2002. and Moral Hazard] and Enforcement Problems in Credit Markets. Indicators and Mechanism to Food Security. 9.V. UNIT-II Agricultural Markets : Nature. Agriculture in GATT Negotiations and WTO. Marketing Margins and Marketing Margin Determinants. No. UNIT-IV Recent Developments in Indian Agriculture : Indian Agricultural Development Strategy Since Independence. Managing Borrowers’ Credit Risks. 2002. Rausser (Eds. 4. Role of Commodity Futures and Options in Stabilization.) : 3. Marketing Orders. Structure and Functioning of Rural Credit Market in India.1 B : Marketing.2 A : Agricultural and Its External Linkages. Agribusiness and Trade Financing. Bruce L. 2002.. Essential Readings : 1.M. Performance.) : Handbook of Agricultural Economics Vol. and Rationale for Government Intervention in Rural Credit Markets. Imperfect Information [Agency Relationship.) : Handbook of Agricultural Economics Vol.V. Gardener and Gordon C. Elsevier Science B. Domestic Agricultural and Trade Policies of Developed Countries and Their Impact on World Trade. Rausser (Eds. Rausser (Eds. “ How Do Market Failures Justify Interventions in Rural Credit Markets?” The World Bank Research Observer. Institutional and Organizations in Agricultural Markets [Farmers Cooperatives.1 (1994) Handbook of Agricultural Economics Vol. Horizontal Structure of Agricultural Marketing.A. Amersterdam. Opportunities and Challenges [Expectations. UNIT-III Food Security and International Trade : Concept. Timothy : 2. Elsevier Science B. and Emerging Constraints and Potentials] for Indian Agriculture in the Post Reform Period. Gardener and Gordon C. Distribution and Consumption. Marketing Boards and Trading Enterprises]. Amersterdam.. Instability in Agricultural Markets. . Bruce L. Segmented Rural Credit Markets.1 A : Agricultural Production.

spread over the entire syllabus. (Latest). Gardener and Gordon C. Government of India. Government of India : Five Year Plan. 2006 Paper-MAECO-403 & 404 : OPTION (ii) ECONOMICS OF INDUSTRY-II Max. Special tutorials/contact hour for one-to-one student-teacher interactions. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. Rest of the paper shall contain 4 units.. London. The syllabus of this paper has been divided into four units.) : Handbook of Agricultural Economics Vol. New Delhi. 4. The first question. The candidate will be required to attempt any 10 short answer type questions. Pedagogy of the Course Work : The course relies on a combination of lectures.. Each short answer type question would carry 2 marks (10 × 2 = 20). The time-tested method of imparting verbal instructions through lectures would be used. 3. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : In the contemporary world with globalization and liberalization more and more attention is being given to industry. Amersterdam. the course intends to provide a rigorous knowledge of different long-run equilibrium outcome of firms under different conditions from the point of view of public policy. The feedback would be sought through the students writing assignments. The students are also equipped to deal with debates involved in the industrial development in a cogent and analytical manner. . 9. Elsevier Science B.3 (1990) Rejuvenating Indian Agriculture. 2002 6. Bruce L. Ghatak Subrata and Ken Ingersent : Agriculture and Economic Development. (Latest). However. It would carry 15 short questions. and discussing of academic articles or reallife situations. New Delhi. would be selected from everyday life/experience. World Bank. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). solving problems. shall be short answer type (word limit 25-30 each). Each question shall carry 15 marks (15 × 4 = 60). Government of India.M. Planning Commission. 2. 1984 7. Hoff Karla and Joseph E.4. Government of India : National Agricultural Policy. 8. Harvestor Press Ltd. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. Stiglitz : 10. Since industry performance critically depends on firms’ behavior allowing equilibrium outcome. which would be compulsory. Ministry of Agriculture.A. particularly in the Indian context. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all.V. No. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/options concerned. World Bank : “ Introduction : Imperfect Information and Rural Credit Markets – Puzzles and Policy Perspective” The World Bank Economic Review. Washington. There shall be 9 questions in all. Examples. in so far as possible. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 42 5.. Rausser (Eds. Vol. tutorials and seminars. 2 B : Agricultural and Policy. it should be noted that Game Theoretic approach to any topic/problem is outside the scope of the Present syllabus.

This course has been accordingly designed to include various mathematical techniques/methods/models related to the different parts of economic theory like consumer . Size of Employment. Oxford University Press. 5. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 43 UNIT-I Nature of Industrial Data for Organized Industry. National Manufacturing Policy. Essential Readings : 1. Vinod K. Mergers and Takeovers. S. MRTP and Nature of Concentration in Indian Industry. Oxford University Press. UNIT-II Public Policy for Industrial Development in India since Independence – A Critique. CMIE Publications : Various Issues Paper-MAECO-403 & 404 (OPTION – iii ) : MATHEMATICAL ECONOMICS Max. U). Various Issues 7. Modern algebraic tools allow convenient handling of simultaneous equations in the context of linear programming. (1990) : 6. UNIT-III Analysis of Business Groups in India. Dilip Mukherjee (1995) : Indian Industry. 3. Ownership Pattern of Indian Corporate Sector. and Desai. Competition Policy and Consumer Protection in India. Type of Organization.” Artha Vijnana (December. Deepak (ed. Annual Survey of Industries – Scope and Coverage. 4.) (1994) : Industrial Growth and Stagnation. L. (1970) : Planning for Industrialization : India. Pattern of Industrial Growth and Changes in Industrial Structure in India since 1951. Nayyar. 1972). (1972) : “Some Factors Relating to Concentration in Indian Industries. Kansra. Major Classification of the Organized Industry – by Economic Activities.M.A. Uses and Critique of ASI Data. Gupta.D. game theory and input-output analysis. Thesis. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : This course is designed to equip students to understand the economic concepts and theories by using mathematical tools and techniques to refine the verbal logic. 2. Economic and Political Weekly : Monopoly Power : Some Aspects of its Impact on Indian Industry (Unpublished Ph. Trends in Indian Direct Investment Abroad. Bhagwati. P. Type of Ownership. UNIT-IV India’s FDI Inflows – Nature and Extent. P. Size of Output and Net Value Added and by States. Liberalization and Privatization in Indian industry. Mathematical economics deals with various applications of mathematical tools and techniques in defining and developing economic relationships. The use of calculus has permitted formulation of economic problems in multivariable mode and yield valuable insight about optimizing human behavior. J. FDI and Acquisition of Technology in India. Oxford University Press. Impact of Economic Reforms on Industrial Sector in India.

Von Neumann Utility Function. Cost Minimization. Choice under Risk. Input-Output Analysis : Static Open and Closed Models. Aggregation Problem. 3. pricing. The syllabus of this paper has been divided into four units. It would carry 15 short questions. ECONOMICS (SEMESTER SYSTEM) SYLLABUS theory. CES and VES Production Functions. spread over the entire syllabus. Roy’s Identity. Intertemporal Utility Maximization. Linear Expenditure Function and Indirect Utility Function. 2. Special tutorials/contact hour for one-to-one student-teacher interactions.A. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. which would be compulsory. The candidate will be required to attempt any 10 short answer type questions. . UNIT-III Macro Economics : Relative Efficiency of Fiscal and Monetary Policy under Different Regimes of IS-LM Model : A Mathematical Representation. There shall be 9 questions in all. Rest of the paper shall contain 4 units. Output and Profit Maximization. Growth Accounting. Walras’s Law and the Existence of General Equilibrium. trade cycles. macroeconomics and development theory and the various modules have been accordingly designed. CobbDouglas. UNIT-I Theory of Consumer Behaviour : Concept of Elasticities – Generalization to n-Variable Case. Dynamic Equilibrium with Lagged Adjustment. Substitution Theorem. theory of production. Expenditure Function. Cobweb Model. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). Production Possibility Curve. Dynamic Leontief-System. Models of Endogenous Growth. shall be short answer type (word limit 25-30 each). Viability Conditions. Multi-Market Equilibrium. Elasticity of Substitution.44 M. Growth Models : An Overview of Neo-Classical Growth Models and Golden Rule of Capital Accumulation. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. Consumer’s Surplus. solving problems. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. Cost and Price Determination. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. 4. Each short answer type question would carry 2 marks (10 × 2 = 20). The paper covers important aspects of microeconomics. Production Analysis : Homogeneous and Homothetic Production Functions. UNIT-II Market Equilibrium : Existence and Uniqueness of Equilibrium. Activity Analysis Interpretation of Input-Output Model. and discussing of academic articles or reallife situations. Stability of Equilibrium. Pedagogy of the Course Work : The course relies on a combination of lectures. growth models etc. Each question shall carry 15 marks (15 × 4 = 60). Analysis of Joint Profit Maximization and Multi-Product Firm. the Balanced Budget Multiplier. The first question.

Sub-Games and Sub-Game Perfect Nash Equilibrium. R. : Models of Economic Growth. R. D. McGraw Hill. Pure and Mixed Strategies. and Sallow. (1990) : The Structure of Economics – A Mathematical Analysis. K. (1971) : Macroeconomics. Applications of Linear Programming in Economics. R. (1971) : Economic Growth and Development : A Mathematical Introduction. Silberberg. H. Abel. D. London. (2000) (4th Edn. D. Norton.M. . N. R. New York. (1974) : Mathematical Economics. Complimentary Slackness Conditions. G. Dynamic Games in Complete Information. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 45 UNIT-IV Linear Programming : Simplex Method. Allen. Addison Wesley. Duality Theorems. (2003) : Mathematical Economics. 5. G. Dornbusch. Varian. Prentice Hall of India. 8. Dorfman. W. W. Baumol. McGraw Hill. Oxford IBH Publishing Co. R... Macmillan. 9. 4.. (1998) : Macroeconomics. and Mcnabb. 12. (1980) : Micro Economic Theory : A Mathematical Approach (3rd ed. Matching Pennies. 10.. J. Phillips. P. Allen R. S. Focal Points. Delhi. New Delhi. R. Game Theory : Two person Zero Sum Game. Recommended Readings: Essential Readings : 1. Harper & Row. Ltd. N. M. (1981) Hamberg. Tokyo. Battle of Sex. Static Games in Complete Information. New York. 7. (1992) : Microeconomic Analysis. & Quandt. 11.A. Lancaster.).) : Economic Theory and Operations Analysis. 13. 6. 2. Strongly and Weakly Dominant Strategies. Bernanke. E. J. A. W. New Delhi. Dominant Strategy Equilibrium. Pvt. G. McGraw Hill. Madnani. Macmillan. 3. McGraw Hill Kogakusha Ltd. Co-ordination Problem and Multiple Equilibria. New York. (1967) : Macro Economic Theory. A. Rand McNally College Pub. M. V. etc. Delhi. Dual and its Economic Interpretation. and Fisher. John Wiley. B. New York. (1968) : Linear Programming and Economic Analysis. Nehar. Henderson. London. Concept of Nash Equilibrium–Examples such as Prisoner’s Dilemma. Max-Min Strategy. Samuelson. Massachusetts. (1965) : Mathematical Economics. Non-Zero Sum Game.

J. New York. (1971) : Development and Planning Models and Methods. (1991) : Contemporary Macroeconomic Theory and Policy. W. 4. Jones. Robert M. K. Cheltenham. McGraw Hill. Oxford University Press. New York. (1981) : Economic Theory – A Mathematical Approach. Nash. Chiang. (ed. M. 13. R.). London. (2000) : Growth Theory – An Exposition. Oxford. G. Jha. 2. Harmondsworth. P. J. K. Mahesh Chand & Anand V. New Delhi. Todaro.. Green. (1984) : Fundamental Methods of Mathematical Economics (3rd edn. Harmondsworth. U. Basil Blackwell. and Saposnik. (1997) : Operations Research – An Introduction (6th edition). (1996) : Essays on Game Theory.Kogakusha. New Delhi. McGraw Hill.) (1990) : Growth Economics. A. Solow.M. H.. W. (1993) : Utility and Production : Theory and Application. Leontief. (1966) : Input-Output Economics.A. New York. Penguin. C. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 46 Further Readings: 1. J. F. H. Oxford. 10.K. S. 9. Wiley . A. 11. 6. Sen. 3. Penguin. 8. H. Oxford University Press. Quirk. 7. W. Allahabad. Prentice Hall of India Pvt. (1971) : Consumer Theory. Oxford University Press. (1976) : An Introduction to the Modern Theory of Economic Growth. Tokyo. Ltd. McGraw Hill . A. 12. Eastern Ltd. Kitab Mahal. Taha. 5. J. (1968) : Introduction to General Equilibrium Theory and Welfare Economics. Chung. R.

Pedagogy of the Course Work : The course relies on a combination of lectures.M. There shall be 9 questions in all. The Keynesian Approach. and discussing of academic articles or real-life situations. A clear understanding of the operations of money and banking and their interaction with the rest of the economy is essential to realize how monetary forces operate through a multitude of channels – market. 4. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. shall be short answer type (word limit 25-30 each). institutions and among others. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. Each question shall carry 15 marks (15 × 4 = 60). The syllabus of this paper has been divided into four units. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. Measures of Money Supply in India. Demand for Money : The Classical Quantity Theory of Money. which combines with itself a systematic discussion of the theory. The first question. spread over the entire syllabus. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). institutions and policy with special reference to India.iv) : ECONOMICS OF MONEY AND BANKING Max. . the paper on ‘Economics of Money and Banking’ is an optimal integration of monetary theory. the state. which would be compulsory. 2. The candidate will be required to attempt any 10 short answer type questions. especially after the far reaching banking and financial sector reforms in India and elsewhere.A. The present course is designed to acquaint the students fully with the changing role of financial institutions in the process of growth and development. Special tutorials/contact hour for one-to-one student-teacher interactions. Friedman’s Theory. The operation of financial markets and their regulations are to be studied to appreciate their key-role in an economy. High Powered Money and Money Multiplier. UNIT-I The Definition of Money : Function and Types of Money. Supply of Money : Money Creation by the Banking System. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : Money and banking constitute important components towards understanding of economics. It would carry 15 short questions. solving problems. non-market. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 47 Paper-MAECO-403 & 404 : (OPTION . banking and non-banking financial institutions. 3. Each short answer type question would carry 2 marks (10 × 2 = 20). Rest of the paper shall contain 4 units. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. Post-War Controversy on the Definition of Money and Money Supply – The Theoretical Debate and Empirical Attempts. Accordingly.

J. : The Economics of Money. Instruments. UNIT-III Central Banking : Origin and Evolution. Khanna. Lags in Operation. Market Segmented Theory. RBI – Monetary Policy and Autonomy. Prentice Hall. Oxford University Press.M. Eugene Strategy and . F. Prentice Hall. Macmillan. Preferred Habitat Theory. 3. Liquidity Premium Theory. 4. New Delhi. and Franco Modigliani (Fourth Edition) (2009) Howells. Institutions. 7.J. International Monetary System : IMF and International Liquidity. Banking Sector Reforms. Fabozzi. New Jersey. Growth and Structure of Development Financial Institutions in India. Recommended Readings : Essential Readings : 1.G. Mankiw.A. Longman. (1981) : Monetary Economics. A. N. Banking and Finance. Oxford University Press. E. Rules vs. Keynesian Model and Monetarist Model. 5. New Delhi. Bofinger Peter (2001) : Monetary Policy : Goals. Dinlio. G. Discretion. Dennis Geoggrey. Atlantic Publishers. (1999) : Modern Monetary Theory. 9. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 48 UNIT-II Term Structure of Interest Rates : The Expectations Theory. Main Functions. European Monetary System – Features of the Maastricht Treaty and Post Maastricht Treaty Developments. Goals and the Trade Offs Among Alternate Goals. Commercial Banking : Functions. UNIT-IV Development Financial Institutions : Role. 6. 2. Perminder (2005) : Advanced Study in Money and Banking Theory and Policy Relevance in the Indian Economy. International Edition (Schaum’s Outline Series). Monetary Policy : Targets. 8. Macmillan Worth Publishers. Types and Control of Non . Kulkarni.Banking Financial Companies (NBFCs) by RBI. Policy Tools. Transmission Mechanism – Classical Model. Pearson Education Ltd. : Monetary Policy in a Globalized Economy – A Practitioner’s View. (Fifth Edition) (2008) Mohan Rakesh (2009) : Macro-economics. New York. Peter and Bain Keith (2002) : Capital Markets Institutions and Instruments. Major Developments in Commercial Banking in India since Nationalization. Edition) (Latest : Theory and Problems of Money and Banking.

It would carry 15 short questions. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 49 Further Readings : 1. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. 2.A. The first question. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all. It is. Rest of the paper shall contain 4 units. essential that the students of economics should be well 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. The candidate will be required to attempt any 10 short answer type questions. and discussing of academic articles or real-life situations. solving problems. spread over the entire syllabus. therefore. The syllabus of this paper has been divided into four units. their developmental role and limitations in shaping and influencing the monetary and related policies both at the national and international levels. 2. Each short answer type question would carry 2 marks (10 × 2 = 20). Reserve Bank of India : Various Reports. 4. Pedagogy of the Course Work : The course relies on a combination of lectures. shall be short answer type (word limit 25-30 each). Special tutorials/contact hour for one-to-one student-teacher interactions. Each question shall carry 15 marks (15 × 4 = 60). There shall be 9 questions in all. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). which would be compulsory. India is no exception and has taken far reaching measures since 1991 in this direction. 3. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : The positive and significant role of financial institutions in the process of growth and development has been very well recognized in the literature and indeed has become more important during the last two decades as the financial systems of different countries have become integrated in the process of globalization. . Government of India : Economic Survey (Recent Issues). OR Paper-MAECO-403 & 404 : (OPTION – iv) : ECONOMICS OF FINANCIAL MARKETS AND INSTITUTIONS Max. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi.M.

Fabozzi. The Capital Asset Pricing Model (CAPM). 2. Expected Utility Approach. Portfolio Diversification.M. Tata McGraw Hill Publishers Company Ltd. UNIT-III Efficiency of Securities Markets : The Efficient Market Hypothesis (EMH).A. General Characteristics of Securities – Government Bonds – Index Linked Bonds – Corporate Securities. 2. New Delhi. (2000) : Indian Financial System. . System in Transition. 3. UNIT-IV Foreign Exchange Market : Nature. Introduction to Corporate Finance : Various Methods of Corporate Finance. The Demand for Securities : The Time Dimension – Present Value and Duration. The Arbitrage Pricing Theory (APT). M. Modigliani Franco (Third Edition) : Capital Markets. Mutual Funds and Money Market Funds. Y. UNIT-II The Supply of Securities : Regulations Governing Supply of Securities. Frank J. Oxford University Press. Functions of Financial Institutions. 4. Organisation and Participants. Reserve Bank of India : Various Reports. Goals of Financial Management. Prentice Hall of India Pvt. Regulation of Financial Markets : Securities and Exchange Board of India (SEBI) – Role and Functions. Recommended Readings: Essential Readings : 1. Ltd. (2002) : Financial Institutions and Markets. Institution and Instruments.. The Cost of Capital and the Capital Structure. L. New Delhi. Yields on Zero-Coupon Bonds. M. Further Readings : 1. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 50 UNIT-I Financial Markets and Financial Institutions : The role and structure of Financial Markets in the Economy. New Delhi. Khan. Measurement of risk. Tata McGraw Hill. Recent Reforms in the Indian Financial Market. Bhole. Mean Variance Portfolio Theory.. Delhi. Eatwell. John and Taylor Lance (2003) : International Capital Markets. Government of India : Economic Survey (Recent Issues).

The syllabus of this paper has been divided into four units. shall be short answer type (word limit 25-30 each). which would be compulsory. spread over the entire syllabus. 3. Pedagogy of the Course Work : The course relies on a combination of lectures. Description and Estimation of Linear Probability. Each question shall carry 15 marks (15 × 4 = 60). There shall be 9 questions in all. This paper accordingly is devoted to equip the students with basic theory of econometrics and relevant applications of the methods. Each unit shall have two questions and the candidates shall be required to attempt one question from each Unit— 4 in all.A. UNIT-I Test Procedures and Model Selection: Specification Errors. The students would be evaluated at the end of each semester through subjective type questions/answers (both short and essay type). UNIT-II Qualitative Response Regression Models: Nature of Qualitative Response Regression Models. and discussing of academic articles or reallife situations. The topics covered in the course include various problems faced in estimation of both single equations and simultaneous equations models. Logit. would be selected from everyday life/experience. in so far as possible. Probit and Tobit Models. . Errors of Measurement. The scripts would be evaluated by the examiners having adequate postgraduate teaching experience in the paper/option concerned. Besides the time-tested method of imparting verbal instructions through lectures. Dummy Variables and Their Use to Test Equality to Two Regressions. It would carry 15 short questions. Special tutorials/contact hour for one-to-one student-teacher interactions. Encompassing Models and Criteria for Model Selection. 4. The econometric theory thus becomes a very powerful tool for understanding of applied economic relationships and for meaningful research in economics. Teacher will assign topic for assignments on contemporary themes and issues from the syllabi. Examples. INSTRUCTIONS FOR THE PAPER-SETTER AND CANDIDATES : 1. The candidate will be required to attempt any 10 short answer type questions. Rest of the paper shall contain 4 units. The first question. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 51 Paper-MAECO-403 & 404 : (OPTION v) : ADVANCED ECONOMETRICS Max. 2. Each short answer type question would carry 2 marks (10 × 2 = 20). tutorials and seminars. The feedback would be sought through the students writing assignments. Tests of Specification and Misspecification. solving problems. Marks Theory Internal Assessment Time Teaching Hours : : : : : 100 80 Marks 20 Marks 3 Hours 50 Objective : Application of economic theory need a reasonable understanding of economic relationships and relevant statistical methods.M. description and derivation of econometric models would be demonstrated by extensive use of blackboard.

-------------------------- Published by: Professor A. Dynamic Panel Model: Random. New York. Unit Roots. (2007) and Dinarido : Analysis of Panel Data. 2. Madala. Test of Stationary. Cointegration. Introduction. Recommended Readings: Essential Readings : 1. 2nd Ed. J. LVR and LIML Methods.. ECONOMICS (SEMESTER SYSTEM) SYLLABUS 52 UNIT-III Simultaneous Equations Models (SEM): Nature of SEM’s Simultaneous Equation Bias. Cambridge. Spurious Regression. : Econometrics. K. Hsiao Cheng (2003) 2. MA and ARIMA processes. 3SLS. 4th Ed. Dickey-Fuller Test. Chandigarh . S. Panjab University. Estimation of SEM’S : ILS. Formulation and Estimation. Macmillan. Coefficient Model. (2007) : Introduction to Econometrics. Identifications Problem. Forecasting: AR. Kementa. Box Jenking Methodology. Vector Auto Regression (VAR) Model. 2nd Edition. Panel Data Models: Introduction: Advantages and Issues Involved in Utilizing Panel Data. New York. 4th Ed. Random Effects Models. (1971) : Elements of Econometrics. Stationary.. Registrar. S. McGraw Hill. 3rd Edition. Gujarati Damodar (2003) : Basic Econometrics. England. John Wiley & Sons Ltd. J. Simple Panel Data Models: Fixed Effects Models – LSDV Approach. McGraw Hill.A. Johnston. Testing Identification of Economic Models. New York. Engle Granger Test. Rank and Order Conditions. Cambridge University Press.. 3.. Further Readings: 1.M. Bhandari. 2SLS. UNIT-IV Time Series Analysis: Testing Casuality in Economics: Granger Causality Test. G.