MSC Hon SCHEME & SYLLABI-2

SCHEME OF COURSE (2013-14)
(T = Theory Course, IA=Internal Assessment, P = Practical Course)
Semester – 1(July-December)
Course Nomenclature of the Total Marks Periods per week
No. paper T IA P T P
101E Micro-economics-1 80 20 6
102E Macro economics-1 80 20 6
103E Mathematics for 80 20 6
Economists-1
104E Fundamentals of 50 20 30 3 3
Computer-1
105E Communication skills 80 20 6
Grand Total =500
Semester – 2(January-June)
201-E Micro-economics-II 80 20 6
202-E Macro-economics-II 80 20 6
203-E Mathematics for 80 20 6
Economists-II
204-E Fundamentals of 50 20 30 3 3
computer-II
205-E Basic Accounting for 80 20 6
economists
Grand Total =500
Course Nomenclature of the paper Total Marks Periods per week
No. T IA P T P
301-E Money,Banking and Finance-I 80 20 6
302-E Public Economics 80 20 6

303-E Statistical Methods for 80 20 6
Economists-1
304-E Management Information 50 20 30 3 3
systems(MIS) for economists
305-E History of Economic Thought 80 20 6
Grand Total =500

Semester – 4 (January-June
401-E Money,Banking and 80 20 6
Finance-II
402-E Economics and Law 80 20 6
403-E Statistical Methods for 80 20 6
Economists-II
404-E Database Management 50 20 30 3 3
systems
405-E Environmental 80 20 6
economics
Grand Total=500
501-E Indian Economy-I 80 20 6
502-E Development 80 20 6
Economics-I
503-E International Trade-I 80 20 6
504-E Introduction to Web- 50 20 30 3 3
designing
505-E Economics of Finance 80 20 6
Grand Total=500
601-E Indian Economy-II 80 20 6
602-E Development 80 20 6
Economics-II
603-E International Trade-II 80 20 6
604-E Economics of 80 20 6
Quantitative Methods
605-E Basic Econometrics 80 20 6
Grand Total=500
Semester – 7(July-December))
Course Nomenclature of the Total Marks One hour Periods
No. paper per week
Theory T IA P T P
701-E Advanced Micro- 80 20 4
economics-1
702-E Advanced Macro- 80 20 4
economics-1
703-E Advanced Public 80 20 4
Economics-1
704-E Applied Econometrics-I 80 20 4
705-E Mathematical 80 20 4
economics-I
Total marks:500
Course No. Nomenclature of Total Marks One Hour Periods
PRACTICALS the paper per week
PRACTICALS
706-E Advanced Micro- 50 2
economics-I
707-E Advanced Macro 50 2
economics-I
708-E Advanced Public 50 2
economics-I
709-E Applied 50 2
econometrics-I
710-E Mathematical 50 2
economics-I
Grand Total=750
Course Nomenclature of the Total Marks One Hour Periods
No. paper per week
Theory T IA P T P
801-E Advanced Micro- 80 20 4
economics-II
802-E Advanced Macro 80 20 4
economics-II
803-E Advanced Public 80 20 4
economics-II
804-E Applied economterics-II 80 20 4
805-E Mathematical 80 20 4
economics-II
Total marks:500
Course Nomenclature of Total Marks One Hour Periods
No. the paper per week
Practicals PRACTICALS
806-E Advanced Micro- 50 2
economics-II
807-E Advanced Macro 50 2
economics-II
808-E Advanced Public 50 2
economics-II
809-E Applied 50 2
economterics-II
810-E Mathematical 50 2
economics-II
Grand Total=750
Course Nomenclature of the Total Marks One hour
No. paper Periods per
Theory week
T IA P T P
901-E Contemporary Issues of 90 10 4
Indian Economy
902-E Agricultural Economics 90 10 4
903-E Any one of the following: 90 10 4
(1) Economics of
Natural
Resources
(2) Demography
(3) Economics of
Infrastructure
904-E Economic Policy-1 90 10 4
905-E Dissertation 150 2
Total Marks=550
Course Nomenclature of the Total Marks One hour
No. paper Periods per
Practicals week
906-E Contemporary Issues of 50 2

Indian Economy
907-E Agricultural Economics 50 2
Any one of the 50 2
following:
908-E(i) (1) Economics of
Natural
Resources
908-E(ii) (2) Demography
908-E(iii) (3) Economics of
Infrastructure
909-E Economic Policy-1 50 2
Grand Total=750
No. paper per week
Theory T IA P T P
1001-E Current issues in Global 90 10 4
economy
1002-E Industrial Economics 90 10 4
(1) Research
methodology
(2)Information
economics
(3)Human Resource
Development
(1) Economics of
Gender&Develop
ment
(2) Economics of
Insurance
(3) Operations
Research
1005-E Economic Policy-II 90 10 4
Total Marks =500
No. paper per week
Practicals
1006-E Current issues in Global 50 2
economy
1007-E Industrial Economics 50 2
Any one of the following: 50 2
1008-E(i) (1)Research
methodology
1008-E(ii) (2)Information
economics
1008-E(iii) (3)Human Resource
Development
Any one of the following: 50 2
1009-E(i) (1) Economics of
Gender&Develop
ment
1009-E(ii) (2) Economics of
Insurance
1009-E(iii) (3) Operations
Research
1010-E Economic Policy-II 50 2
Grand Total=750
SYLLABI
(Semester-1)
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101-E Micro-economics-I
External Marks:80
Internal Marks:20
Time:3 hours
Note: Paper-setter will set Nine questions in all. Question no one will be
compulsory which will be from the entire syllabus. It will contain Nine
short-type Questions. Students are required to attempt four Questions from
the remaining eight questions. All questions carry equal marks
Unit-I Introduction: Definition & nature of economics; Basic

Problems of an economy
Fundamental economic Principles: Incremental principle,
Marginal Principle, Opportunity cost principle, Time
Value of Money
Unit-II Consumer Behaviour-law of equi-marginal
utility; Indifference Curve analysis, Consumer Equilibrium,
Revealed Preference, Law of Demand, Elasticity of
Demand
Unit-III Theory of Production-cost& revenue concepts, law of
Supply& elasticity of supply; Isoquants &least-cost
Combination. Laws of returns& economies of scale
Unit-IV Markets-firm’s equilibrium in Perfect competition,
Monopoly, Monopolistic Competition
Suggested Readings
Henderson J.and Quandt R.E(1980):Micro-economic Theory: A
Mathematical Approach;McGraw-Hill, New Delhi.
Koutsoyiannis A.(1990): Modern Microeconomics, Macmillan.
Batch G.L.(1977) :Economics Prentice Hall of India,New Delhi.
Heathfield&Wibe(1987):An Introduction to Cost&Production
Functions;Macmillan,London.
Samuelson P.A,and Nordham,W.D(1998):Economics,Tata-McGraw
Hill,New Delhi.
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102-E Macro-economics-I
External Marks:80
Internal Marks:20
Time:3 hours
compulsory which will be from the entire syllabus. It will contain nine
short-type Questions. Students are required to attempt four Questions
from the remaining eight questions. All questions carry equal marks
Unit-I Nature and scope of macroeconomics:– Introduction to Macro-
economic data –circular flow of income- definitions of gross domestic
product, gross and net national product, national and personal income,
methods of national income accounting.
Unit-II Theories of Employment:,Classical Theory of Employment,
Say’s Law of Markets ,Keynesian Theory of Employment.
Unit-III Consumption function: psychological law of consumption;
Absolute income hypothesis, Life cycle hypothesis and Permanent income
hypothesis
Unit-IV Investment-types,determinants of Investment; MEC and Rate
and Rate of Interest and the concept of Multiplier – Accelerator –
Applicability of the Keynesian theory to the developing countries.
Suggested Readings
Hill,New Delhi
Karl E. Case, Ray C. Fair:Principles of Macroeconomics, Publisher: Prentice
Hall
Edward Shapiro:Macroeconomic Analysis
Gardner Ackley :Macroeconomic Theory
Rana&Verma: Macro-economics Analysis
Mankiw N.G: Macroeconomics (Worth Publishers), 5th Edition, 2.
Dornbusch, Fisher and Startz: Macroeconomics (Tata McGraw-Hill), 9th
Edition.
Bernanke and Abel: Macroeconomics, 4th Edition
Blanchard: Macroeconomics (Pearson Education), 4th Edition.
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103-E Mathematics for Economists-I
External Marks:80
Internal Marks:20
Time:3 hours
Note:Paper-setter will set Nine questions in all.Question no. one will be
compulsory which will be from the entire syllabus.It will contain Nine
short-type Questions.Students are required to attempt four Questions
from the remaining eight questions.All questions carry equal marks
Unit-I Conecpts of set,set operations,Matrices-
types,addition,multiplication of Matrices,Inverse of matrix,applications of
sets&matrices in economics
Unit-II Functions&limits&continuity.Differentiation,simple
derivatives&their economic applications
Unit-III Partial&total derivatives,economic applications;Maxima&minima
of functions,economic application of unconstrained&constrained maxima&
Minima
Unit-IV Linear Programming,Input-output analysis,Game Theory
Suggested Readings
AC Chaing,K Wainwright: Fundamental Methods of mathematical
economics,McGraw-Hill Publishing co.
Sydsaeter K,Hammond.P.J(2002): Mathematics for economic
analysis,Pearson Education Asia,Delhi
Henderson J.and Quandt R.E(1980): Micro-economic Theory:A
Mathematical Approach;McGraw-Hill,New Delhi
Jain TR,Aggarwal SC,Rana,RK: Basic Mathematics for Economists,VK
Publications,Delhi
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104-E Fundamentals of Computers-I
External Marks:50(Theory)
External Marks:30(Practicals)
Internal Marks:20
Time:3 hours(for theory and practicals each)

Fundamentals of Computer: Model of a digital computer, functioning of

a digital computer, Historical evolution of computers, classification of
computers, Human being vs computer, Input/Output devices. Storage
devices, types of software, Application and system software and its
functions, time-sharing, multiprocessing, application of computers in
commerce, marketing, education and management.
Introduction to Windows : Type of windows, windows as an operating

systems, windows explorer, using clipboard, using paintbrush, control
panel, installing a printer.
Suggested Readings
Dixit J.B: Computer Fundamentals by P.K. Sinha. B.P.B. publications,
New Delhi
Kush,Ashwani and Bharat Bhushan: Basics of Computer, Luxmi
Publications,Rohtak
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105-E Communication Skills External Marks:80
Internal Marks:20
Time:3 hours
Unit-I
Introduction-Business Communication:Basic Forms of
communicating,Communication models&processes,Effective
communication,Theories of Communication;Audience Analysis
Unit-II
Self-development&communication:development of positive personal
attitudes,SWOT analysis:Votes Model of independence;Whole
communication;Body Language:kinesics,Proxemics,Para-language.Effective
listening:Principles of effective listening;Factors affecting
listening;Exercise-oral,written&video sessions
Unitr-III
Corporate communication:formal&informal communication
network,Business miscommunication(barriers),Improving
communication,Practices in business communication;Group
discussions;Mock Interviews;Seminars;Effective listening
exercises;Individual&group presentation;Report writing&its contents
Unit-IV
Modern Forms of communication:e-mail,Fax,sms,Video-conferencing
Suggested Readings
(1) Bovee&Thill:Business communication Today,Tata-McGraw Hill,New
Delhi
(2) Ronald E.Dulek and John S Fielder:Principles of Business
Communication;McMilllan Publishing company,London
(3) Randall E. Magors:Business Communication;Harper&Row,New York
(4) Webster Guide to Effective Letter-writing,Harper&Row,New York
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SYLLABI
(Semester-2)
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201-E Micro-economics-II External Marks:80
Internal Marks:20
Time:3 hours
Unit-I Theory of Factor Pricing-Marginal Productivity theory,

Modern theory,Rent,wage,profit&interest
Unit-II Goals of the firm-Baumol,Marris&Williamson’s Model
Unit-III Forms of Imperfect competition:Duopoly-Cournot’s
Model,Oligopoly- Collusive&non-collusive:
Reaction curves, Kinked Demand Model,Theory of games
model,Cartels
Unit-IV Partial&General Equilibrium-Walras model,Leontieff Input
Output analysis,Theory of Games,Cobweb model
Suggested Readings
(1)Henderson J.and Quandt R.E(1980):Micro-economic Theory:A
(2)Koutsoyiannis A.(1990): Modern Microeconomics,Macmillan
(3)Batch G.L.(1977) :Economics Prentice Hall of India,New Delhi
(4)Heathfield&Wibe(1987):An Introduction to Cost&Production
Functions;Macmillan,London
Hill,New Delhi
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202-E
Macro-economics-II
External Marks:80
Internal Marks:20
Time:3 hours
Unit-I Aggregate demand, aggregate supply and the price level: the
aggregate demand curve; short and long run aggregate supply curves; the
aggregate demand-aggregate supply model and its applications to the
determination of the price level and real income, and demand management
policy; the neo-classical (Solow) growth model.
Unit-II Fluctuations in Value of money:Inflation-Concept,types-Demand
pull,and Cost-push,Measurement of Inflation(price-index),Philips
Curve,Policy-measures;Deflation-nature,causes,and policy-measures
Unit-III Rate of Interest:Classical,Keynesian and IS-LM Analysis, IS –
LM Model :commodity market equilibrium and the IS curve, money market
equilibrium and the LM curve,macroeconomic equilibrium and the
adjustment process: Monetary&Fiscal Policy co-ordination
Unit-IV Trade Cycles-nature,characeristics and theories of trade cycles-
Hicks,Samuelson and Kaldor;Policy-measures
Suggested Readings
Hill,New Delhi
Karl E. Case, Ray C. Fair:Principles of Macroeconomics, Publisher: Prentice
Hall
Edward Shapiro:Macroeconomic Analysis
Gardner Ackley :Macroeconomic Theory
Soumen Sikdar: Principles of Macroeconomics (Oxford university Press),
1st Edition
Rana&Verma: Macro-economics Analysis
RD Gupta: Keynes&Post-Keynes
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203-E Mathematics for Economists-II External Marks:80
Internal Marks:20
Time:3 hours
Unit-I Analytical geometry-Equation of straight line,circle,conic sections;

Economic applications
Unit-II Series&sequences:Arithmetic,Geometric,Harmonic
progressions,Convergence.Economic applications
Unit-III Integration-rules of integration,by parts,and by substitution,by
partial fractions,integration of logarithmic&exponential functions,evaluation
of areas,Economic applications
Unit-IV Differential equations-solution;homogeneous&non-homogeneous
differential equations,Exact differential equation,Economic applications
Difference equations-Solution,general&particular;Homogeneous&General
linear difference equations with constant co-efficients,economic applications
Suggested Readings
AC Chaing,K Wainwright: Fundamental Methods of mathematical
economics,McGraw-Hill Publishing co.
Sydsaeter K,Hammond.P.J(2002): Mathematics for economic
analysis,Pearson Education Asia,Delhi
Henderson J.and Quandt R.E(1980): Micro-economic Theory:A
Jain TR,Aggarwal SC,Rana,RK: Basic Mathematics for Economists,VK
Publications,Delhi
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204-E Fundamentals of Computers-II
Internal Marks:20
Time:3 hours(For theory and practicals each)
compulsory which will be from the entire syllabus.It will contain ten short-
type Questions of 2marks each,out of which 5 questions are to be attempted.
Other four Questions are to be attempted from the remaining eight
descriptive-answer type questions.All questions carry equal marks
MS-Word :Fundamentals of MS-Word, Menus, toolbars, ruler, scroll bar,

creating, editing, saving, importing and inserting files, working with
frames, columns, pictures, tables macros.
MS-Excel: Worksheet overview : Rows, Columns, cell, menus creating

worksheet, opening and saving worksheets, formatting, printing,
establishing worksheet links, tables creating and printing graphs.
Macros. Using built –in-functions
Suggested Readings.
Kush,Ashwani and Bharat Bhushan: Basics of Computer, Luxmi
Publications,Rohtak
Dixit J.B: Computer Fundamentals by P.K. Sinha. B.P.B. publications,
New Delhi
PRACTICAL
Time : 3 Hours Max Marks:30
MS –Word
MS –Excel
Windows
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Syllabus205-E Basic Accounting for Economists External Marks:80
Internal Marks:20
Time:3 hours
Unit-I Introduction:Financial accounting&book-
keeping,definition,scope,nature and significance; Accounting
concepts&conventions,Double-entry system
Unit-II Journal&ledger,subsidiary books-cash,sale,purchase,return
inward,return outward,bills receivable&payable,journal proper,Inventory
valuation
Unit-III Trial balance&errors,rectification of errors,Bank reconciliation
statement,Negotiable instruments
Unit-IV Preparation of Final accounts,Preparation of trading and
profit&loss account,Balance-sheet of sole proprietory business;Raising of
capital by a commercial company-Issue of shares
Suggested Readings
Patti,VP:Fundamentals of Accounting,Excel Books,New Delhi
Tulsian,PC: Fundamentals of Accounting,Tata-McGraw-Hill,New Delhi
TP Ghosh:Fundamentals of Accounting:Sultan Chand&sons,New Delhi
Maheshwari,SN,Maheshwari,SK:Fundamentals of Accounting,Vikas
Publishing house.
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SYLLABI
(Semester-3) .
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301-E
Money,Banking and Finance-I
External Marks:80
Internal Marks:20
Time:3 hours
Unit-1 Money-functions,classification,and significance;Money supply
determinants,High-powered money and money multiplier;RBI
measures of monetary aggregates
Unit-II Money market and Capital market-intsruments,structure and
functioning,Nature&role of money&capital markets in India;SEBI,
Unit-III Commercial banks –functions;credit creation;Assets and
liabilities of Banks;Reserve bank of India-functions;credit control
instruments
Unit-IV Monetary policy in India's open economy; financial sector
reforms in India. The Narasimham Committee Report.
Suggested Readings
Roy Bailey (2005) The Economics of Financial Markets
DM Mithani:Money, Banking and Public Finance
A.D. Bain (1992) Economics of the Financial System
Suraj.B.Gupta: Monetary Economics - Institutions, Theory & Policy;S

Chand publications
Suraj.B.Gupta:Monetary Planning for India
Khan,MY: Indian Financial System;Tata-McGrawhill

M.K. Lewis (2000), Monetary Economics, OUP
M.R. Baye, D.W. Jansen (1996), Money Banking and Financial Markets,
AITBS, (Indian Edition)
Maurice Levi (1999), International Finance, Tata McGraw Hill
L.M. Bhole (1999), Financial Institutions and Markets, Tata Mcgraw Hill
R.B.I. Bulletin, Annual Report; Report on Currency and Finance
R.B.I. - Report of the Committee on the Financial System (Narasimham
Committee
Report)
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302-E Public Economics
External Marks:80
Internal Marks:20
Time:3 hours
Note: Paper-setter will set Nine questions in all. Question no one
will be compulsory which will be from the entire syllabus. It
will contain Nine short-type Questions. Students are
required to attempt four Questions from the remaining
eight questions. All questions carry equal marks
Unit –I Fiscal functions: An overview : Tools of normative analysis:

Pareto efficiency, equity and the social welfare function; Fiscal federalism,
the economic basis of decentralisation
Unit-II Public goods: definition, models of efficient allocation, pure and
impure publicgoods, free
Unit-III Externalities: The problem and its solutions, taxes versus
regulation, property rights, the Coase Theorem.Inverted-U Kuznet curve
hypothesis
Unit-IV Indian Tax system, Public expenditure in India: Its pattern and
growth , Public debt, deficits and subsidies in the Indian economy, Centre-
State financial relations
Project (Budget preparation)

Analysis of budget heads and kinds of deficits from Union and State budget
statements
Suggested readings :
R.A. and P.B. Musgrave, (1989), Public Finance in Theory and Practice,
McGraw Hill.
Harvey Rosen (1999), Public Finance, McGraw Hill.
John Cullis and Philip Jones (1998), Public Finance and Public Choice,
Oxford University Press.
Chauhan. Pradeep (2010) Fiscal Policy , Decentralisation and Economic
Growth in India
J. Richard Aronson (1985), Public Finance, McGraw Hill.
Government of India (1992), Interim Report of the Tax Reforms
Committee, Ministry of
Finance.
R.J. Chelliah (1996), Towards Sustainable Growth, Oxford University
Press.
Mihir Rikshit (2000), “On Correcting Fiscal Imbalances in the Indian
Economy: Some
Perspectives”, ICRA Bulletin.
Mahesh Purohit (2001), Value Added Tax, Gayatri Publications.
Rakesh Mohan (2000), “Fiscal Correction for Economic Growth: Data,
Analysis and
Suggestions”, Economic and Political Weekly, June 10.
D.K. Joshi and J.L. Bajaj (1999), Government Finances, NCAER (mimeo).
M.G. Rao and Tapas Sen (1996), Fiscal Federalism in India, Macmillan.
Government of India (2000), Report of the Eleventh Finance Commission.
D.K. Srivastava (ed.) (2000), Fiscal Federalism in India: Contemporary
Challenges,Anand Publications, New Delhi
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303-E Statististical methods for Economists-I
External Marks:80
Internal Marks:20
Time:3 hours
Unit-I Measures of Central Tendency:Arithmetic

mean,Median,Mode,G.M and HM,Partition values-
Qaurtiles,Deciles,Percentiles
Standard deviation,lorenz curve
Unit-II Skewness:Types,measures of skewness_Pearson's,Bowley's
,Kelly's method,Moments and measures of kurtosis:moments about
mean,and zero,beta and gamma coefficients based on moments
Unit-III Correlation:definition,types,and degrees,methods-scatter
diagram,product moment,Rank correlation,concurrent
deviation,Probable error,coefficient of determination
Linear Regression Analysis-meaning,types,Regression
lines,regression co-efficients and regession equations,Least square
method
Unit-IV Index numbers:meaning,types,uses and limitations,Problems in
construction of index numbers,methods of construction of index
numbers,Tests of adequacy of index numbers;some specific problems-chain-
base&fixed-base indices,Base shifting,splicing,deflating of index
numbers,Consumer Price index;Time-series:meaning&components of time-
series,Methods of measuring trend,and its components;seasonal variations
Suggested Readings
SP Gupta: Statistical methods
SP Gupta&MP Gupta: Business Statistics ;JBA Publishers
Horace Secrist:Readings and Problems in statistical methods;Macmillan
Goon, Gupta and Dasgupta: Fundamentals of Statistics Volume-I.
Kenney and Keeping: Mathematics of Statistics, Volume-I.
Bowen and Starr: Basic Statistics for Business and Economics
Murray.R Spiegel: Statistics ;Schaum Outlines Series
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304-E Management Information System (MIS) for Economists
Internal Marks:20
Time:3 Hours
Note:Paper-setter will set Nine questions in all.Question no one will be
Unit-I
InformationSystems: Types of Information systems
Unit-II Computer Based Systems including Office Automation
Systems, Transaction Processing Systems and Decision Support
System; Expert Systems. Applications of Computer based Information
Systems in Government, Social and Business Organizations. Using
Information System as a Cost reduction measure in society.
Unit-III MS Power Point as presentation: Slide layout and preparation,

Basic idea of animation with audio visual effects.
Unit-IV- Basics of network, Internet, applications of internet, Browsers

and search engines.Introduction to SPSS and STRATA
PRACTICALS
Time : 3 Hours
Max Marks: 30
MS –Power Point
Internet : Setting up of E-mail Account, Use of browser
Suggested readings ;
O’ Brien : Management Information System ( Tata McGraw Hill)
G. V. Sekhar : Management Information System (Excel Publication
India )
A.V. Neelam : Management Information System ( R. Book Depot)
A. Malik : Management Information System ( Laxmi
Publication)
E. Willett : MS Office -2003 ( Wilex Publication )
A. Mathew : A Beginners’ Guide to MS Office ( UBS Publication)
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305-E History of Economic Thought External Marks:80
Internal Marks-20
Time:3 hours
Unit-I Classical economics-A,Smith,D. Ricardo,JS

Mill,T.Malthus;Reaction against classicals-K.Marx
Unit-II Neo-classicals-A.Marshal;Keynesian Economics-
concepts&ideas,Development economists-
G.Myrdal,Hicks,Harrod,Samuelson
Unit-III Indian economic Thought-
Kautilya,Gandhi,Gadgil,Mahalanobis,VKRV Rao,Amartya Sen,JN
Bhagwati
Unit-IV Cambridge School of economists,Austrian school of economic
thought,Stockholm School of economists,Chicago school of economists;
Leading Nobel Prize winners in economics&their economic thoughts(short
Qs only from this section of the unit)
Suggested Readings
Hunt EK:History of economic thought, India ed. Shilpi Publications,Delhi
Blaug,M:Economic Theory in retrospect
Schumpeter,J:History of economic analysis
O’Brien,D.P:Classical Economists
Blackhouse,R.E:Truth and Progress in Economic knowledge
Paul,RR: History of economic thought, India,Kalyani Publishers,New Delhi
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SYLLABI
Semester-4
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401-E Money,Banking and Finance-II
External Marks:80
Internal Marks:20
Time:3 hours
Unit-I
Demand for money-Classical,neoclassical,Keynesian and monetarists’
approach;Determinants of demand for money
Unit-II
Money and Capital markets-call money,Bill market operations;Stock
markets:mechanism,instruments and operations.
Unit-III
Exchange Rates:meaning,types,Mint-par theory and Purchasing power-

parity theory.Speculation,hedging,swapping and arbitrage operations in
foreign currency
Unit-IV
Development banking:Merchant Banking,Investment Banking,Refinancing
institutions;Financing of foreign trade-modes and instruments;EXIM bank of
India
Suggested Readings
Roy Bailey (2005) The Economics of Financial Markets
DM Mithani:Money, Banking and Public Finance
A.D. Bain (1992) Economics of the Financial System
Suraj.B.Gupta: Monetary Economics - Institutions, Theory & Policy;S

Chand publications
Suraj.B.Gupta:Monetary Planning for India

Khan,MY: Indian Financial System;Tata-McGrawhill
R.B.I. - Report of the Committee on Banking Sector Reforms (Narasimham
Committee Report II) Summary in RBI Bulletin, July, 1998.
R.B.I - Report of the Working Group : Money Supply Analytics and

Methodology ofCompilation, 1998.
Y.V. Reddy (2000), Monetary and Financial Sector Reforms in India

UBSPD, New Delhi
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402-E Economics and Law
External Marks:80
Internal Marks:20
Time:3 hours
UNIT-I
Relationship between Economics & Law,Business&Government:Role of
government in Agriculture,Industry and Services with special emphasis on
finance.
Economic Systems:Capitalistic,Socialistic and Mixed economic system.
UNIT-II
Consumer&Social welfare:Consumer rights,and salient features of
Consumer Protection Act in India;Unfair Trading Practices and regulation.
Poverty&Economic Justice:Nature of poverty,Government measures for
Poverty alleviation:MNAREGA,Food Security Bill,National Health
Policy,National Housing Policy
UNIT-III
Labour&Industry::Labour laws&labour relations:Collective
bargaining&trade unions;Salient features of Industrial disputes Act,Workers’
Compensation Act in India,Social security measures
Salient Features of Land Acquisition Act,Regulations relating to location of
industries,
Provisons and guidelines regarding Investors’ protection
UNIT-IV
Economic Crimes&Offences:Dimensions,types&measures-
Bribery&frauds;Illegal trade&transactions:Money Laundering,Fake
Currency,Illegal hawaala,cyber economic crimes,Economic Offences Wing-
role&functions
Basic concepts:Rights&Duties as a citizen,Right to Info,Ombudsman,Non-
Performing Assets,Letter of Credit,SEZs,Copyrights and
patents,Warranty&Guarantee,Privileges and Liabilites in loan
transactions,Income-tax return(TRP)
Suggested Readings
Robert Coater, Thomus Ulen : Law and Economics(Pearson series in
economics)
Bhushan Y.K. : Fundamentals of Business organization and
Management,Jain publications
Misra and Puri : Economics of Development and Planning,Himalya
Publishing house
Misra and Puri : Indian Economy,Himalya Publications
Myneni : Indian Economy (of Law Course),Jain Publications
Gopal Krishnan K.C. : Legal Economics (Instructional Dimensions of
Economics and Law),Eastern book comapany
Datt. Rudder &Sundaram : Indian Economy,S Chand
/////////////////////////////////////////////////////////////////////////////////////////////////////////
403-E Statististical methods for Economists-II
External Marks:80
Internal Marks:20
Time:3 hours
Unit-I Probability-basic concepts and definition,addition
thorem,multiplication theorem,and Bay's theorem;Bionomial.poisson and
Normal probabilty distribution,and their properties
Unit-II Sampling,and sampling distribution,tests of hypothesis:large-
sample and small sample tests:t-Z-test,t-test and F-test
Unit-III Chi-square test and other non-parametric tests-sign
test,Wilcoxon signed rank tests,Mann-whitney U-test,Kruskal-Willis test
Unit-IV Statistical estimation and decision theory,SQC
Suggested Readings
Croxton&Cowden: Statistical methods
Horace Secrist:Readings and Problems in statistical methods;Macmillan
SP Gupta: Statistical methods
SP Gupta&MP Gupta: Business Statistics ;JBA Publishers
TR Jain,SC Aggarwal,RK Rana:Basic Statistics for Economists;VK
Publications
Murray.R Spiegel: Statistics ;Schaum Outline Series
/////////////////////////////////////////////////////////////////////////////////////////////////////
Syllabus 404-E
Database Management Systems
External Marks :50(Theory)
Internal Marks:20
Time: 3 hours

Unit-I Overview of DBMS: Basic DBMS terminology, Advantages and

disadvantages, DBA and his responsibilities, Physical & Logical Data
independency. Architecture of DBMS.
Unit-II Entity Relationship Model: Entity, Entity Set, Attributes,
Tuples, Domains, Keys: super and Candidate key, Hierarchical Model,
Network Model, Relational Model, Comparison of Network, Hierarchical
and Relational Models.
Unit-III Relational Query language: DDL, DML, DCL, Database Integrity:
Domain integrity, Entity integrity, Referential integrity Security:
Authorisation, Access Matrix Concurrency Locks, Serializability, Recovery.
Unit-IV MS- Access: creation and manipulation of database files
PRACTICALS
Time : 3 Hours
Maximum Marks. : 30
MS –Access – Table, Queries,Forms, Reports, Pages, Macros &
Modules
Suggested readings :
C. J. Date : Business Data Processing
Navate : Business Data Processing
E. Willett : MS Office -2003 ( Wilex Publication )
A. Mathew : A Beginners’ Guide to MS Office ( UBS
Publication)
/////////////////////////////////////////////////////////////////////////////////////////////////////////////
.
Syllabus405-E
Environmental Economics
External Marks:80
Internal Marks:20
Time:3 hours
compulsory which will be from the entire syllabus.It will contain Nine short-
type Questions.Students are required to attempt four Questions from the
remaining eight questions.All questions carry equal marks
Unit-I Environment&ecology,eco-system-concept,structure,energical
flow,ecological succession,food chains and ecological
pyramids;interrelationships among constituents of eco-system
Unit-II Human resources,Natural
resources:Minerals,Forest,Water,Food,Energy&land resources&their
environment linkage.
Market failure,Solution of market failure crises,Environment Impact
Assessment
Unit-III Environment Law,International Environment law;Environment
Act&environment Policy of India,Pollution Control Act, Environment
Protection Measures
Unit-IV Problems in land-use,energy,and water-use;Energy-land-water
conservation measures,Common Property Resources,Social forestry
Suggested Readings
Varian, Intermediate Microeconomics: A modern approach (2003).
Begg, Fisher, and Dornbusch, Economics (2002).
Hodge, Environmental Economics (1995).
Pearce, Markandya and Barbier, Blueprint for a Green Economy (1989).
Turner, Pearce and Bateman, Environmental Economics: An Elementary Int
roduction (1994)
Pearce and Turner, Economics of Natural Resources and the Environment (1
990).
Baumol and Oates, The Theory of Environmental Policy, (2nd ed, 1988).
Bowers, Sustainability and Environmental Economics: An Alternative Text
(1997).
Hanley, Shogren and White, Introduction to Environmental Economics (20
01) (HSW).
Tietenberg, Environmental and Natural Resource Economics (5th ed, 2000)
(TT).
Tietenberg, Environmental Economics and Policy (3rd ed, 2001).
A slightly more advanced textbook
Kolstad, Environmental Economics (2000) (K).
Other relevant texts
Daly, Beyond Growth: The economics of sustainable development (1997).
Heal, Nature and the marketplace (2000).
Barrett (1990), ‘The problem of global environmental protection’ 6(1) OXR
EP 68.
Barrett (1998), ‘Political economy of the Kyoto Protocol’ 14(4) OXREP 20.
Barrett (2001), ‘International cooperation for sale’ 45(10) European Econ R
ev 1835‐ 1850.
Barrett(2002), ‘Towards a better climate treaty’ 3(2) World Economics
35‐ 45. See:
http://www.aei‐ brookings.org/policy/page.php?id=21.
Barrett (2003), Environment and Statecraft: the strategy of
environmental treaty‐ making,
Oxford University Press.
Mäler (1990), ‘International environmental problems’ 6(1) OXREP 80.
Prasad:Environment,Development&society in India:An
Introduction,Macmillan Publishers India Ltd,New Delhi Archana
///////////////////////////////////////////////////////////////////////////////////////////////////////////////
SYLLABI
Semester-5
/////////////////////////
501-E Indian Economy-I
External Marks:80
Internal Marks:20
Time:3 hours
UNIT-1 Structure of the Indian economy:Basic
features;Population;Infrastructure development;National Income
UNIT-II Economic Planning in India&Important areas of
concern:Objectives&Strategy of Indian Five year plans;Current five year
plan-Targets&allocation;Poverty;Inequality of income&wealth
UNIT-III Agriculture&Industry in India:Nature&Importance;Trends in
Agricultural production&productivity;Industrialisation in India;Latest
Industrial Policy
UNIT-IV External sector:Compostion&direction of India’s foreign
Trade;Export promotion&Import Substitution;Foreign Capital;Multinational
Corporations
/////////
Suggested Readings
Indian Economy:Problems&prospects -Bimal Jalan;Penguin Publications
Indian Economy-Mishra&Puri;Himalya Publications
Indian Economy-AN Aggrawal;New Age International publishers
Economic Policy Reforms&Indian economy-Anne.O.Krueger;The
University of Chicago press
The Indian economy-sixty years after Independence-Raghbendra
Jha;Palgrave-Macmillan publications
/////////////////////////////////////////////////////////////////
502-E Development Economics-I
External Marks:80
Internal Assessment:20
Time:3 hours
UNIT-I Economic
Development&Growth:meaning,distinction,measurement,and determinants
of Economic Growth;Obstacles to Economic Development,Sustainable
Development
UNIT-II Underdevelopment:Vicious Circle of Poverty;Low level
Equilibrium trap;Critical Minimum Effort,Backwash effects
UNIT-III Strategies of Development:Balanced&Unbalanced
Growth;Theory of Big Push;Surplus labour model of Lewis,Mahalanobis
Model
UNIT-IV Role of State in Economic development:Economic Planning-
objectives and strategies;Economic Policies:wage,price,interest rate
////////////////////
Suggested Readings
Economic Development-Todaro MP;Pearson publications
Economic Development-Kidleberger CP,McGraw-Hill
Growth&Development-Thirlwall,Palgrave-Macmillan
Leading Issues in Economic Development-Meir GM,Oxford University
Press
Economics of Development&Planning-ML Jhingan,Vrinda Publications
Economics of Development&Planning –AN Aggrawal,New Age
International Private Ltd.
///////////////////////////////////////////////
503- E
International Trade-1
External Marks:80
Time:3 hours
UNIT-1 International trade:contents of International economics;Need for a
separate theory;Distinguishing features of International
Trade;Importance:pros&cons of International trade
UNIT-II Basis of Trade:Comparative cost theory;Reciprocal Demand
Theory,Opportunity Cost Theory,Hechsher-Ohlin theory
UNIT-III International Trade&Barriers to Trade:Terms of Trade;Free
trade&Protection;Analysis of Tariffs;Quotas
UNIT-IV Balance of Payments&International Financial
Insititutions:Concept of Balance of
Payments,composition,disequilibrium,remedies;Foreign Trade
Multiplier;World Bank;IMF
////////////////////////////////
Suggested Readings
International Economics-Dominick Salvatore;McGraw-Hill Inc
Theory&Problems of International Economics-D Savatore;Schaum Outline
Series,McGraw-Hill Inc
International Economics-Robert Carbaugh;South-Western
International Economics –Charles Kindleberger;Irwin RD Publications
International Economics-Rana&Verma;Vishal Publishing co.
International Economics-Sudama&Vaish;Oxford&IBH Publishing co pvt
Ltd
International Economics-Francis Cherunilam;McGraw-Hill education
///////////////////////////////////
504-E INTRODUCTION TO WEB-DESIGNING
Time:3 hours
Note:Examiner will be required to set Nine Questions in all. First
Question will be compulsory, consisting of objective type/short-answer
type questions covering the entire syllabus. In addition to that eight
more questions will be set, two questions from each Unit. A candidate
will be required to answer five questions in all, selecting one question
from each unit in addition to compulsory Question No. 1. All questions
will carry equal marks.
UNIT – I Introduction to Internet and World Wide Web; Evolution and

History of World Wide Web; Basic features; Web Browsers; Web Servers;
Hypertext Transfer Protocol;
UNIT – II URLs; Searching and Web-Casting Techniques; Search

Engines and Search Tools;
Web Publishing: Hosting your Site; Internet Service Provider;
UNIT – III Planning and designing your Web Site; Steps for developing
your Site; Choosing the contents; Home Page; Domain Names;
Creating a Website and the Markup Languages (HTML, DHTML);
UNIT – IV Web Development: Introduction to HTML; Hypertext and

HTML; HTML Document Features; HTML command Tags; Creating Links;
Headers; Text styles; Text Structuring; Text colors and Background;
Formatting text; Page layouts;
Suggested Readings
Raj Kamal, “Internet and Web Technologies”, Tata McGraw-Hill.
Ramesh Bangia, “Multimedia and Web Technology”, Firewall Media.
REFERENCE BOOKS:
Thomas A. Powell, “Web Design: The Complete Reference” , 4/e, Tata
McGraw-Hill
Wendy Willard, “HTML Beginners Guide”, Tata McGraw-Hill.
Deitel and Goldberg, “Internet and World Wide Web, How to
Program”,PH1
Practical
Time : 3 hours
Max. Marks : 40 consisting of
(i)Web Designing : 20 Marks
Page design using HTML using various tags

Linking and embedding webpages
Website design using HTML
(ii)Practical Record : 10 Marks

(iii)Viva- voce : 10 Marks
/////////////////////////////////////////////////////////////////////////////////////////////
505-E Economics of Finance
External Marks:80
Time:3 hours
Note: Paper-setter will set Nine questions in all. Question no. one will
be compulsory which will be from the entire syllabus. It will contain
Nine short-type Questions. Students are required to attempt four
Questions from the remaining eight questions. All questions carry equal
marks
Unit -1 Structure of corporate governance, financial instruments and
financial structure; Financial statement and ratio analysis; time value of
money.
Unit-II Investment decisions and net present value; capital budgeting-
weighted
average cost of capital and different methods; corporate restructuring:
mergers, acquisitions, amalgamations, divestments-meaning, motives and
strategies.
Unit –III Concept of risk and return; portfolio theory, capital asset pricing
model, arbitrage pricing theory; efficient market hypothesis-basic concept.
Unit –IV Capital market in India: brief history, major reforms in primary
and secondary capital market.
Suggested Readings
Prasanna Chandra:Financial Management;McGraw-Hill
DK Khatri: Investment Management & Security Analysis : Text and
Cases;McMillan India
IM Pandey:Financial management
Prasanna Chandra: Investment management and Portfolio
Analysis;McGraw-Hill
////////////////////////////////////////////////////////////////////////////
/////////////////////////////////////////////////////////////////////////////////////////
Semester-6
/////////////////////////
601-E Indian Economy-II
External Marks:80
Internal Marks:10
Time:3 hours
Unit-1
National Income of India:Trends,Estimation and
Distribution;Structural changes in Indian Economy-Changes in Occupational
pattern,and sectoral distribution of Income
Unit-II
Natural Resources in India: Energy,Water,Forests,Minerals;and
national policy relating to the resources;Human Resources:Population and
population trends in India;National Population policy
Unit-III
Joint sector of Indian economy:Public-private
participation,Government Policy;Public sector enterprises-Role
&performance;Recent changes and policy initiatives
Unit-IV
Economic Reforms in India:Globalisation,Privatisation,and
Liberalization.Reforms in financial sector and external sector;Fiscal and
Labour-market reforms in India
Suggested Readings
Indian Economy:Problems&prospects -Bimal Jalan;Penguin Publications
Indian Economy-Mishra&Puri;Himalya Publications
Indian Economy-AN Aggrawal;New Age International publishers
Economic Policy Reforms&Indian economy-Anne.O.Krueger;The
University of Chicago press
The Indian economy-sixty years after Independence-Raghbendra
Jha;Palgrave-Macmillan publications
Economic Survey-different volumes
////////////////////////////////////////////////////////////////////////////////////////////////////////////
602-E Development Economics-II
External Marks:90
Time:3 hours
Unit-I
Steady-state Economic Growth and equilibrium path:Growth models-
Harrod-Domar,Solow,Robinson and Kaldor’s.
Unit-II
Economic Growth and distribution:Classical and neoclassical
view;Models of distribution-Ricardo,Marx,Kaldor,Meade and Kalecki
Unit-III
Choice of Techniques:Labour-intensive,Capital intensive and
Intermediate techniques;Planning Techniques: Investment Criteria and
Cost-benefit analysis
Unit-IV
Challenges to development at world level:
Poverty&backwardness;Current economic scenario with regard to the Least
developed countries,Transition economies and Emerging Market Economies
Suggested Readings
Economic Development-Todaro MP;Pearson publications

Economic Development-Kidleberger CP,McGraw-Hill
Growth&Development-Thirlwall,Palgrave-Macmillan
Leading ssues in Economic Development-Meir GM,Oxford University Press
Economics of Development&Planning-ML Jhingan,Vrinda Publications
Economics of Development&Planning –AN Aggrawal,New Age
International Private Ltd.
/////////////////////////////////////////////////////////////////////////////////////
///////////
603- E
International Trade-II
External Marks:90
Time:3 hours
Unit-I
Alternative theories of Trade:Economies of scale™Product
differentiation™Single specific factor,and Two-specific factor
model;Linder’s theory of demand and trade pattern
Unit-II
Foreign Exchange Rate Policy:Fixed versus flexible exchange rates,Policy
of managed flexibility;Exchange Control-objectives&methods;Current and
Capital account convertibility
Unit-III
Free Trade and Protection;Economic Integration-forms of economic
integration,Customs unions-Partial and General equilibrium approach to
customs union,European Union-objectives,organization and achievements
Unit-IV
Internal&External Balances-Swan Model,Mundell Model,Internal and

External Balances through Monetary&Fiscal Policy mix-IS-LM
function,BoP function;Adjustment toward equilibrium under fixed and
flexible exchange rate system
Suggested Readings
International Economics-Dominick Salvatore;McGraw-Hill Inc
Theory&Problems of International Economics-D Savatore;Schaum Outline
Series,McGraw-Hill Inc
International Economics-Robert Carbaugh;South-Western
International Economics –Charles Kindleberger;Irwin RD Publications
International Economics-Rana&Verma;Vishal Publishing co.
International Economics-Sudama&Vaish;Oxford&IBH Publishing co pvt
Ltd
International Economics-Francis Cherunilam;McGraw-Hill education
///////////////////////////////////
604- E
QUANTITATIVE METHODS WITH COMPUTER APPLICATIONS
External Marks:90
Internal Marks:10
Time:3 hours
Unit-1
Data and Research: Types of data: Time Series,Cross-section and Panel
data,Engineering data;Data pooling and purging.Variables-Direct,Indirect
and Intermediate Variables,Dummy variables;Data entry
Unit-II
Quantitative methods and applications in consumer behavior: Demand

Forecasting,Analysis of trend:linear,log-linear.Analysis of Elasticities of
demand
Unit-III
Quantitative Methods and applications in production: Estimation of the

parameters of Cobb-Doghlas production function;Measurement of Technical
change and factor productivity
Unit-IV
Application in optimization problems: Linear Programming-simplex

method;Input-output analysis;Analysis of Variance
Recommended software packages: Microsoft Excel,SPSS,LIMDEP
Suggested Readings
Koutsoyiannis, A. (1979), Modern Microeconomics, 2nd edition Macmillan
Press, London.
Healthfields and Wibe (1987) An Introduction to cost and Production’s

Functions,
Macmillan, London
Chaing A: Fundamental Methods of Mathematical Economics
Henderson, A.M. and R.E. Quandt (1980) Microeconomic Theory. A

Mathematical
Approach, McGraw Hill, New Delhi
Sanders D.H. (1988), Computers Today, McGram Hill (3rd Edition)
Intrilligator, M.D.(1978), Economic Models.

3) Techniques and Applications , Prentice Hall , Englewood Cliffs, NJ.
/////////////////////////////////////////////
.
605- E
BASIC ECONOMTERICS
External Marks:90
Time:3 hours
UNIT-1
Meaning,subject-matter&nature of Econometrics,Relationship of
Econometrics with Economics,Mathematics,and Statistics;Econometric
model:Specification,Estimation and Evaluation;Desirable Properties of
model
UNIT-II
The Simple Linear Regression model:OLS method,Assumptions,the
distribution of the dependent variable,The least square criterion,normal
equations of OLS,Estimation of a function with zero intercept,Estimation of
elasticities
UNIT-III
Statistical tests of significance of the Estimates:The test of goodness-of-fit
with r-square,Tests of significance of the parameter estimates,Confidence
Intervals of the parameters,Tests of significance for the sample correlation
coefficient;Properties of L-S estimates
UNIT-IV
Second-order tests of the assumtions of the Linear Regression Model:The
assumption of Randomness,Zero mean,Constant Variance,and normality of
the disturbance variable;Autocorrelation and Multicollinearity(Theoretical
discussion only)
////////////////////////
Reading List
Theory of Econometrics Koutsoyiannis
Econometrics Intrilligator
Essentials of Econometrics Damodar Gujarati
Basic Econometrics Damodar Gujarati
Introductory Econometrics with Applications Ramu Ramanathan
////////////////////////////////////////////////////////////////////////////////////////////////////////////
701-E ADVANCED MICRO-ECONOMICS-I
External marks:80
Internal Marks:20
Time:3 hours
UNIT-I
Theory of consumer behaviour:cardinal utility theory,ordinal utility
theory:Price,Income and Substitution effect;Applications of Indifference
Curve approach,the Revealed preference hypothesis,Consumer
Surplus;Revision of Demand Theory by Hicks
UNIT-2
Production function:types,laws of returns&returns to scale;Isoquants-least
cost combination;Elasticity of Substitution&technical progress
Traditional&Modern theory of costs
UNIT-3
Oligopoly:Noncollusive(Cournot,Bertrand,Edgeworth,Chamberlain,Sweezy
and Stackleberg);Collusive Oligopoly:Cartels&Price Leadership
UNIT-4
Partial&General Equlibrium:Cobweb Model;Walras’ General Equlibrium
Model,Existence,uniqueness and stability of General Equlibrium.
//////////////////////////////////////////////////////////////////////
706-E PRACTICALS
Presentation(written&oral)
External Marks: 40
Internal Marks: 10
Graphic presentation
a)Indifference curves:Price,Income&Substitution effects
b)Isoquants:Least cost combination,Returns to scale
c)Oligopoly:Reaction curves,Kinked demand curve,Cartels
d)Cobweb model of partial equilibrium
Reading List:
1. Kreps, David M. (1990), A Course in Microeconomic Theory, Princeton

University Press,
Princeton.
2. Koutsoyiannis, A. (1979), Modern Microeconomics, (2nd Edition),
Macmillan Press,
London.
3. Layard, P.R.G. and A.W. Walters (1978), Microeconomic Theory,
McGraw Hill, New
York.
4. Sen, A. (1999), Microeconomics: Theory and Applications, Oxford
University Press, New
Delhi.
5. Varian, H. (2000), Microeconomic Analysis, W.W. Norton, New York.
6. Henderson, J.M. and R.E. Quandit (1980), Microeconomic Theory: A
Mathematical
Approach, McGraw Hill, New Delhi.
7. Da Costa G.C. (1980), Production Prices and Distribution, Tata McGraw
Hill, New Delhi.
8. Healthfields and Wibe (1987), An Introduction to Cost and Production
Functions,
Macmillan, London.
9. Bronfenbrenner, M. (1979), Income Distribution Theory, Macmillan,
London.
//////////////////////////////////////////////////////////////////////////////////
702-E ADVANCED MACRO-ECONOMICS
External Marks:80
Internal Marks:20
Time:3 hours
UNIT-1
National Income and Accounts : Concept of national income, Circular
Flow of Income (four sector economy); Social Accounts and its uses.
Classical and Keynesian Models of income determination.
UNIT-2
Consumption Function:Empirical evidence on consumption function;
income–consumption relationship–absolute income, relative income, life
cycle and permanent income hypotheses.
UNIT-3
Investment Function : Inducement to invest – Marginal efficiency of
investment and Marginal efficiency of capital criterion; the accelerator and
investment behavior; Jorgenson’s Model. Tobin’s Q Theory of Investment.
UNIT-4
Money Supply:A behavioral model of money supply determination, High
powered money and money multiplier; control of money supply.
Classical and Keynesian approach to demand for money; Post–Keynesian
approaches to demand for money – Baumol and Tobin; Friedman and
modern quantity theory
////////////////////////////////////////////////////////////////////////////
707-E
PRACTICALS Presentation(written&oral)
External Marks: 40
Internal Marks: 10
Circular Flow of Income (four sector economy); Social Accounts and its
uses; , life cycle hypothesis; ; the accelerator and investment behavior; ,
High-powered money and money multiplier
READING LIST:
1. Beckerman, W. : An introduction to National Income Analysis.
2. Studenski, Paul A. : The Income of Nations : Part 2, Theory and
Methodology.
3. Uma Datta Roy (1995), National Income Accounting, Macmillan,
Choudhary.
4. Ackley, G. (1978), Macroeconomics : Theory and Policy, Macmillan,
New York.
5. Blackhouse, R. and A. Salansi (Eds.) (2000), Macroeconomics and the
Real World
(2 Vols.), Oxford University Press, London.
6. Branson, W.A. (1989), Macroeconomic Theory and Policy, (3rd ed.),
Harper and Row,
New York.
7. Dombusch, R. and F. Star (1997), Macroeconomics, McGraw Hill, Inc.,
New York.
8. Hall, R.E. and J.B. Taylor (1986), Macroeconomics, W.W. Norton, New
York.
9. Heljdra, B.J. and V.P. Fred clock (2001), Foundations of Modern
Macroeconomics
Oxford University Press, New Delhi.
10. Jha, R. (1991), Contemporary Macroeconomic Theory and Policy, Wiley
Eastern Ltd.,
New Delhi.
11. Romer, D.L. (1996), Advanced Macroeconomics, McGraw Hill
Company Ltd., New York.
12. Scarfe, B.L. (1977), Cyce Growth and Inflation, McGraw Hill, New
York.
13. Shapiro, E. (1996), Macroeconomic Analysis, Galgotia Publications,
New Delhi.
14. Surrey, M.J.C. (Ed.), (1976), Macroeconomic Themes, Oxford
University Press, Oxford.
///////////////////////////////////////////////////////////////////////////////////////////////
703-E Public Economics-1
External Marks:80
Internal Marks:20
Time:3 hours
UNIT-1
Economic Rationale of Mixed Economy; Role of Government in a State;
Efficiency, market and Governments; Market Failure and the rationale for
Government Intervention; Asymmetric Information and market failure;
The problem of Externalities and their Internalization
UNIT-2
Concepts,characteristics and types of public ngoods;Efficient provision of
Public goods-Wagner Hypothesis,Wiseman-Peacock hypothesis;Preference
revelation mechanism for public goods-Thompson mechanism,Clarke-
mechanism,Lindahl-Wicksell Mechanism;Theory of Club Goods
UNIT-3
Efficiency and equity principles of taxation;Incentive effects of taxation on
labour supply;Supply of savings and risk taking;Taxation and
Investment;Other distorting effects of tax system;Tax system:partial and
general equilibrium analysis;Keynesian short run model of tax
incidence;Dynamic tax incidence
UNIT-4
Normative analysis of taxation-Income vs excise tax;Optimal tax
mix,optimal Income tax;Excess burden of tax,and its measurement;Equity
considerations in the choice of a tax system;Indian taxation system;Fiscal
reforms in India;Fiscal Imbalance in India;Value-added tax in India
708-E
External Marks: 40
Internal Marks: 10
Asymmetric Information and market failure; Preference revelation
mechanism for public goods; Dynamic tax incidence; Value-added tax in
India
READING LIST:
Basic Reading List

1. American Economic Association, Readings in the Economics of
Taxation, edited by R. A. Musgrave and C. Shoup (Homewood:
Richard D. Irwin, 1959).
2. Anthony Downs, An Economic Theory of Democracy (New York:
Harper, 1957).
3. Duncan Black and R. A. Newing, Committee Decisions with
Complementary
Valuation (London:William Hodge, 1951).
4. Duncan Black, The Theory of Committees and Elections
(Cambridge: Cambridge University Press, 1958).
5. Howard Bowen, Toward Social Economy (New York; Rinehart,
1948), pt. IV.
6. International Economic Association, Classics in the Theory of
Public Finance,
edited by R. A. Musgrave and A. T. Peacock (London:
Macmillan, 1958).
7 J. de V. Graaf, TheoreticalWelfare Economics (Cambridge: Cambridge
University Press, 1957).
8 James M. Buchanan and Gordon Tullock, The Calculus of Consent
(Ann Arbor:University of Michigan Press, 1962).
9. James M. Buchanan, Fiscal Theory and Political Economy (Chapel
Hill: University of North Carolina Press, 1960).
10. Kenneth J. Arrow, Social Choice and Individual Values (New
York: John Wiley and Sons, 1951; Revised edition, 1963).
11. Mancur Olson, The Logic of Collective Action (Cambridge:
Harvard University Press, 1965).
12. R. A. Musgrave, The Theory of Public Finance (New York:
McGraw-Hill, 1959).
13. Chauhan Pradeep. “ Fiscal Policy, Decentralization and Economic
Growth in India” New Century publication
704-E Applied Econometrics-1
External Marks:80
Internal Marks:20
Time:3 hours
Unit-1
Simple and general Linear Regression Model :Assumptions, Estimation

(OLS method) ; Gauss –Markov theorem
UNIT-II
Concepts and analysis of Variance approach and its application in

regression analysis. Regression Using MATLAB ; A Monto Carlo
Experiment.
UNIT-III
Nature ,test ,consequences and remedial steps of problems of

heterocedasticity ,multi-collinearity and autocorrelation .Problems of
specification errors ,Errors of measurement .
UNIT-IV
Simultaneous equation models : The simultaneous equation bias,

inconsistency of OLS estimators . The identification problem ; Rules of
identification ,order and rank conditions.
//////////////////////////////////////////////////////////////////////////
709-E
PRACTICALS SYLLABI Presentation(written&oral)

External Marks: 40
Internal Marks: 10
Work practice(OLS estimation of parameters,Runs for

autocorrelation,multicollinearity ) SPSS/MATLAB/STATA
READING LIST:
Chow ,G.C Econometrics , Mcgraw Hill
Christopher ,Dougherty, Introduction to Econometrics ,Oxford

University Press 2003
Gujrati,D.N Basic Econometrics Mcgraw Hill 4th ed. 2003
Hansen E. Bruce Econometrics ,Uni. Of Wisconsin ,

www.wisc.edu/bhansen2010
James ,P. Lesage , Applied Econometrics Using MATLAB, Uni. Of

Tokoya 1999
Johnston ,J ,’Econometrics Method (1922)
Judge ,C.G et .al. Theory and Practice of Econometrics
Kmenta ,Jan ‘Elements of Econometrics (1971)
Koutsoyiannis ,Theory of Econometrics (1958)
Mandala ,G.S , Econometrics
Polock ,Beg The Algebra of Econometrics
Wooldridge , Introductory Econometrics: A Modern Approach ,2nd ed.

Thomas South Western 2003 (W)
///////////////////////////////////////////////////////////////////////////////////
705-E MATHEMATICAL ECONOMICS-1
External Marks:80
Internal Marks:20
Time:3 hours
MATHEMATICAL ECONOMICS-1
UNIT – I
Mathematical formulation of cardinal and ordinal utility,Marginal rate of
Substitution,Consumer Equlibrium ,Convexity of Indifference curves
Consumer’s surplus
UNIT – II
Elasticities,and mathematical relationship between partial income,cross and
price elasticities; Price,Income and Substitution effects,Derivation of
Slutsky’s Equation;Derivation of demand function from utility function,
UNIT – III
Production function:Homogeneous and Non-homogeneous,Returns to
scale,Properties of Cobb-Doughlas and CES Production function,Euler’s
theorem,and its application.
UNIT– IV
Isoquants analysis, Elasticity of Substitution ,Cost functions, and
interrelationships, mathematical formulation of least cost
combination;Derivation of cost function from production function,
Production analysis of multi-product firm
710-E
External Marks: 40
Internal Marks: 10
(Practicals)
 Graphical derivation of Consumer Equilibrium: Ordinal and Cardinal

utility analysis,
 Mathematical Derivation of Consumer Equilibrium by Indifference
curves.
 Mathematical derivation of Elasticity of Substitution, APL, MPL,
Properties of Cobb-Douglas Production function,
 Graphical derivation of Returns to scale, and Isoquants analysis.
Mathematical derivation of cost function from Cobb-Douglas and C.E.S.
production function
READING LIST
1) Allen, R. G. D. (1974): Mathematical Economics, Macmillan,

London.
2) Lancaster, V. (1965) : Mathematical Economics, Rand McNally
College Pub
3) Silberberg, E. (1990) : The Structure of Economics – A
Mathematical Analysis,McGraw Hill
4) Rana,RK : Basic Mathematics for Economists,VK Pub
5) Madnani, G. M. K. (2003) : Mathematical Economics, Oxford IBH
Publishing Co. Pvt Ltd., New Delhi.
///////////////////////////////////////////////////////////////////////////////////////////////////////
801-E ADVANCED MICRO-ECONOMICS-II
External Marks:80
Internal Marks:20
Time:3 hours
UNIT-1
Elasticity of demand;Recent developments in the theory of market
demand(Pragmatic approach),Linear expenditure systems,Constant elasticity
demand function,Distributed lag model of demand.Demand forecasting
UNIT-II
Theory of firm:A critique of marginal cost pricing;Full cost pricing,Average
cost pricing and Limit cost pricing models
UNIT-III
Distribution:Factor pricing in imperfect competition-
Monopoly,Monopsony,Bilateral monopoly,Competitive firm versus labour
union;Elasticity of substitution and factor shares,Technological progress and
income distribution
UNIT-IV
Welfare economics:Bentham,Pareto’s criteria;Kaldor,Kicks,Scitovsky and
Rawl’s criteria;Social welfare function
806-E External Marks:40
Internal Marks:10
Distributed lag model of demand.Demand forecasting; Full cost pricing;

Technological progress and income distribution; Social welfare function
READING LIST:
1. Kreps, David M. (1990), A Course in Microeconomic Theory, Princeton

University Press,
Princeton.
2. Koutsoyiannis, A. (1979), Modern Microeconomics, (2nd Edition),
Macmillan Press,
London.
3. Layard, P.R.G. and A.W. Walters (1978), Microeconomic Theory,
McGraw Hill, New
York.
4. Sen, A. (1999), Microeconomics: Theory and Applications, Oxford
University Press, New
Delhi.
5. Varian, H. (2000), Microeconomic Analysis, W.W. Norton, New York.
6. Henderson, J.M. and R.E. Quandit (1980), Microeconomic Theory: A
Mathematical
Approach, McGraw Hill, New Delhi.
7. Da Costa G.C. (1980), Production Prices and Distribution, Tata McGraw
Hill, New Delhi.
8. Healthfields and Wibe (1987), An Introduction to Cost and Production
Functions,
Macmillan, London.
9. Bronfenbrenner, M. (1979), Income Distribution Theory, Macmillan,
London.//////////////////////////////////////////////////////////////////////////////////////////////////
////////////////////////////////////////////////////////////////////////////////////////////////////////////
802-E ADVANCED MACRO-ECONOMICS
External Marks:80
Internal Marks:20
Time:3 hours
UNIT-1
Business Cycles: Theories of Schumpeter, Kaldor, Samuelson, Hicks, and
Goodwin’s model; Control of business cycles
UNIT-2
Macro-theories of distribution:Ricardo,,Marx,Meade and Kalecki
UNIT-3
Theory of Inflation : Classical, Keynesian and Monetarist approaches;
Structuralist theory of inflation; Philips curve analysis – Short run and long
run Philips curve; Natural Rate of Unemployment hypothesis; Tobin’s
modified Philips curve.
UNIT-4
Macroeconomics in an Open Economy: External&internal balance,IS-LM
model,Swan model,Mundell–Fleming model.
Adaptive expectations and rational expectations
///////////////////////////////////////////////////////////////////////
807-E
PRCATICALS Presentation(written&oral)
External Marks:40
Internal Marks:10
Control of business cycles; Philips curve analysis – Short run and long run
Philips curve; Adaptive expectations and rational expectations
READING LIST:
1. Beckerman, W. : An introduction to National Income Analysis.
2. Studenski, Paul A. : The Income of Nations : Part 2, Theory and
Methodology.
3. Uma Datta Roy (1995), National Income Accounting, Macmillan,
Choudhary.
4. Ackley, G. (1978), Macroeconomics : Theory and Policy, Macmillan,
New York.
5. Blackhouse, R. and A. Salansi (Eds.) (2000), Macroeconomics and the
Real World
(2 Vols.), Oxford University Press, London.
6. Branson, W.A. (1989), Macroeconomic Theory and Policy, (3rd ed.),
Harper and Row,
New York.
7. Dombusch, R. and F. Star (1997), Macroeconomics, McGraw Hill, Inc.,
New York.
8. Hall, R.E. and J.B. Taylor (1986), Macroeconomics, W.W. Norton, New
York.
9. Heljdra, B.J. and V.P. Fred clock (2001), Foundations of Modern
Macroeconomics
Oxford University Press, New Delhi.
10. Jha, R. (1991), Contemporary Macroeconomic Theory and Policy, Wiley
Eastern Ltd.,
New Delhi.
11. Romer, D.L. (1996), Advanced Macroeconomics, McGraw Hill
Company Ltd., New York.
12. Scarfe, B.L. (1977), Cyce Growth and Inflation, McGraw Hill, New
York.
13. Shapiro, E. (1996), Macroeconomic Analysis, Galgotia Publications,
New Delhi.
14. Surrey, M.J.C. (Ed.), (1976), Macroeconomic Themes, Oxford
University Press, Oxford.
/////////////////////////////////////////////////////////////////////////////////////////////////
803-E Public Economics-II
External Marks:80
Internal Marks:20
Time:3 hours
UNIT-1
Public Choice - Reasons for Public Choice; Public Choice
under Direct Democracy - Unanimity rule - Lindahl and
Wicksell, Majority Rule - Buchanan and Tullock Model,
Bowen-Black Model. Arrow's Impossibility Theorem;
Public Choice Under Representative Democracy - Downs
Model on Demand and Supply of Government Policy;
Niskanen Model of Bureaucratic Behaviour.
UNIT-2
Public Enterprises - Forms of Organization of Public Enterprises;
Pricing Policy of Public Enterprises; Theory of. Second Best;
Capacity Constraints and Peak Load Problem; Social Cost Benefit
Analysis; Problem of Risk and 'Uncertainty.
UNIT-3
Public Debt - Objectives and Sources of Public Debt; Classification

and Effects of Public Debt; Burden Controversy of Public Debt -
Classical Theory, Modem Theory, Buchanan Thesis, Secondary
Burden of Public Debt; Public Debt and Inflation; Public Debt
Management and Redemption of Public Debt.
UNIT-4
Fiscal Federalism - Principles of Multi-Unit Finance; Assignment of
Functions Among Levels of Government; Tiebout Model and Citizen's
Mobility; Theory of Intergovernmental Grants; Budgeting - Phases of
Budgetary Cycle; Parliamentary Control Over Budgets; Structure of
Central Government Budget; Program Budgeting and Zero Base
Budgeting.
PRACTICALS: Presentation(written&oral)

Internal Marks:10
Public Choice - Reasons for Public Choice; Capacity Constraints and
Peak Load Problem; Public Debt Management and redemption of
public debt; Program Budgeting and Zero Base
Budgeting.
Basic Reading List

7. American Economic Association, Readings in the Economics of
Taxation, edited by R. A. Musgrave and C. Shoup (Homewood:
Richard D. Irwin, 1959).
8. Anthony Downs, An Economic Theory of Democracy (New York:
Harper, 1957).
9. Duncan Black and R. A. Newing, Committee Decisions with
Complementary
Valuation (London:William Hodge, 1951).
10.Duncan Black, The Theory of Committees and Elections
(Cambridge: Cambridge University Press, 1958).
11.Howard Bowen, Toward Social Economy (New York; Rinehart,
1948), pt. IV.
12.International Economic Association, Classics in the Theory of
Public Finance,
edited by R. A. Musgrave and A. T. Peacock (London:
Macmillan, 1958).
7 J. de V. Graaf, TheoreticalWelfare Economics (Cambridge: Cambridge
University Press, 1957).
8 James M. Buchanan and Gordon Tullock, The Calculus of Consent
(Ann Arbor:University of Michigan Press, 1962).
9. James M. Buchanan, Fiscal Theory and Political Economy (Chapel
Hill: University of North Carolina Press, 1960).
14. Kenneth J. Arrow, Social Choice and Individual Values (New
York: John Wiley and Sons, 1951; Revised edition, 1963).
15. Mancur Olson, The Logic of Collective Action (Cambridge:
Harvard University Press, 1965).
16. R. A. Musgrave, The Theory of Public Finance (New York:
McGraw-Hill, 1959).
17. Chauhan Pradeep. “ Fiscal Policy, Decentralization and Economic
Growth in India” New Century publication
////////////////////////////////////////////////////////////////////////////////////////////////////////
804-E Applied Econometrics-II
External Marks:80
Internal Marks:20
Time:3 hours
Unit 1
Methods of estimating simultaneous equations system ,Indirect Least

Square, 2SLS and maximum likelihood method.
Unit 2
Generalized least Square: Estimation ,properties of GLS estimators ; pooling

of cross sectional and time series data. Time series analysis : Stationery
time series and their properties.
Unit 3
Time series forcasting methods based on single equation model

,Simultaneous Equation model ,moving averages ,exponential smoothing .
Forecasting : Distributed lag model ,polynomial lag ,Koyack,Aroma
,Arima,Dummy variables.
Unit 4
Panel data model : type of panel data, benefits and limitation of panel data.
The Fixed Effect Model , Random Effect Model; One-way component

regression models
///////////////////////////////////////////////////////////////////
809-E
PRACTICALS SYLLABI Presentation(written&oral)
External Marks:40
Internal Marks:10
Work practice on Estimation of GLS parameters,of Time series models and

Panel Data models through SPSS/MATLAB/STATA
READING LIST:
Chow ,G.C Econometrics , Mcgraw Hill
Christopher ,Dougherty, Introduction to Econometrics ,Oxford

University Press 2003
Gujrati,D.N Basic Econometrics Mcgraw Hill 4th ed. 2003
Hansen E. Bruce Econometrics ,Uni. Of Wisconsin ,

www.wisc.edu/bhansen2010
James ,P. Lesage , Applied Econometrics Using MATLAB, Uni. Of

Tokoya 1999
Johnston ,J ,’Econometrics Method ,Mc graw Hill, New York
Judge ,C.G et .al. Theory and Practice of Econometrics
Kmenta ,Jan ‘Elements of Econometrics ,Mac millan (1971)
Koutsoyiannis ,Theory of Econometrics (1958)
Mandala ,G.S , Econometrics
Michel Mouchart ,The Econometrics of Panel Data, institut. De

Statistique ,Universite Catholic de Louvain 2004
Interilligator,M.D. Econometric models, techniques, and

applications, Prentice –Hall ,1978
Polock ,D.S.G The Algebra of Econometrics, Wiley, 1979 -
Business & Economics - 360 pages
Wooldridge , Introductory Econometrics: A Modern Approach ,2nd ed.

Thomas South Westren 2003 (W)
/////////////
805-E MATHEMATICAL ECONOMICS-1I
External Marks:80
Internal Marks:20
Time:3 hours
UNIT – I
Mathematics of price-output determination in Imperfect
markets:Monopoly,and price discrimination,Multi-plant firm,Monopolistic
competiton;Oligopoly:Cournot’s model,Price leadership models
UNIT – II
Dynamic Partial Equlibrium:Lagged equilibrium model Multi-market
equilibrium:General equilibrium system of Walras,Basic issues of
equilibrium:uniqueness,existence,and stability
UNIT – III
Dynamic analysis of multiplier.Accelerlator,super-multiplier;Trade cycles
models of Samuelson and Hicks.
UNIT– IV
Dynamics of growth process: Harrod-Domar,Solow’s Model,Technical
progress models:Harrod,Solow and Meade
/////////////////////////////////////////////////////////////
Internal Marks:10
Graphical and algebraic solution of Cournot’s model,price-leadersip models

Algebraic solution of Walras Model
Graphical presentation of Multilier and Super-multiplier process
Graphical presentation model of technical progress:Harrod’s and Solow’s
READING LIST
1) Allen, R. G. D. (1974): Mathematical Economics, Macmillan,

London.
2) Lancaster, V. (1965) : Mathematical Economics, Rand McNally
College Pub
3) Silberberg, E. (1990) : The Structure of Economics – A
Mathematical Analysis,McGraw Hill
4) Rana,RK : Basic Mathematics for Economists,VK Pub
5) Madnani, G. M. K. (2003) : Mathematical Economics, Oxford IBH
Publishing Co. Pvt Ltd., New Delhi.
////////////////////////////////////////////////////
(Semester-09)
//////////////////////////////////////////
901-E Contemporary Issues of Indian Economy

ExternaMarks:90
InternalMarks:10
Time:3 hours
compulsory which will be from the entire syllabus. It will contain eight
Unit-1
Contemporary Issues in Public sector:Disinvestment,
Administered Price Mechanism:Deregulation of fuel prices,
Transfer Pricing Issues
Unit-2
Contemporary Issues in Trade sector:Balance of payments:Current and
capital account convertibility,
Foreign Direct Investment,Exchange rate related issues
Unit-3
Contemporary Issues in Labour market: Illegal immigration,MNCs and
labour laws,
Unit-4
Contemporary Issues in Taxes:Double taxation avoidance;Goods&services
tax regime,WTO and taxes&subsidies
Reading List
Jalan, B. (1992) : The Indian Economy—Problems and Prospects, Viking,

New Delhi.
Kapila, Uma (Ed.) (2007) : Indian Economy Since Independence, Academic
Foundation, New Delhi.
Krueger, A.O. (Ed.) (2003) : Economic Policy Reforms and the Indian
Economy, Oxford University Press, New Delhi.
Lucas, E.B. & Papanek, G.F. (Eds.) (1988) : The Indian Economy—Recent
Development and Future
Prospects, Oxford University Press, New Delhi
Ahluwalia, I.J. (1985) : Industrial Growth in India, Oxford University Press,
NewDelhi.
Ahluwalia, I.J. & Little, IMD (Eds.) (1998) : India’s Economic Reforms &
Development (Essays in Honour of Manmohan Singh), Oxford University
Press, New Delhi.
Brahmananda, P. R. and Panchamukhi,
V. R. (Eds.) (2001) : Development Experience in the Indian Economy :
Inter- State Perspectives, Bookwell, Delhi.
Byres, T.J. (Ed.) (1998) : The Indian Economy : Major Debate Since
Independence, Oxford University Press, New Delhi.
Dreze, J. and Amartya Sen (2002) : India Development and Participation,
Oxford University Press, New Delhi
////////////////////////////////////////////////////////////////////
902-E Agricultural economics
ExternaMarks:90
InternalMarks:10
Time:3 hours
Unit –I
Nature and scope of agricultural and rural economics;Production functions
in Agriculture-Input-output,and product-product relationship;
Interdependence between agriculture and industry-intersectoral
likages(backward&forward)
Unit-2
Models of Agricultural development-Fei-Rennis model,Schultze model;

Irrigation,HYVseeds,mechanisation,distribution mechanism of output;New
agricultural strategy;and its impact on Income distribution& Employment
Unit-3
Co-operative farming,its evaluation with regard to
productivity,employment,and Income distribution;New trends in
agriculture:Organic farming,Zero-tillage,Genetic Engineering in agriculture
Unit-4
Agricultural markets and marketing,Nature of demand&supply of Agri-
products;Regulated markets; Warehousing, crop insurance; Terms of trade
between agricultural and non-agricultural sectors;Objectives of agricultural
price policy- Instruments and evaluation; Food security in India and public
distribution system.
Reading List
• Bilgrami, S.A.R. (1996), Agricultural Economics, Himalaya Publishing
House, Delhi.
• Dantwala, M.L. et. al (1991), Indian Agricultural Development Since
Independence, Oxford
& IBH, New Delhi.
• Gulati, A. and T. Kelly (1999), Trade Liberalisation and Indian
Agriculture, Oxford
University Press, New Delhi.
• Joshi, P.C. (1975), Land Reforms in India: Trends and Prospects, Allied
Publishers, Bombay.
• Rudra, A. (1982), Indian Agricultural Economics: Myths and Reality,
Allied Publishers, New
Delhi.New Delhi.
• Soni, R.N. (1995), Leading Issues in Agricultural Economics, Arihant
Press, Jalandhar.
• Harque, T. and A.S. Sirohi (1986), Agrarian Reforms and Institutional
Changes in India,
Concept Publishing Company, Delhi.
• Raghvan and L. Sarkar (Eds.)(1996), Poverty and Employment, New Age,
New Delhi.
• Rao, C.H. Hanumantha (1994), Agricultural Growth, Rural Poverty and
Environmental Degradation in India, Oxford University Press, New Delhi.
////////////////////////////////////////////////////////////////////
903-E Option-I Economics of Natural resources
ExternaMarks:90
InternalMarks:10
Time:3 hours
Unit-1
Nature and scope of Economics of Natural Resource;Inter-relationship with
Economic Geography and Environment Science;Efficiency in resource–
use;Classification of mineral depositsIndicated Resources,Proven reserves
and Probable reserves
Unit-2
Production and distribution of energy resources in World&India: coal ,
petroleum,uranium and Thorium ;Production and distribution of mineral
resources in world&India: iron ore,Bauxite;Water and land resources in
India
Unit-3
Network structure and economic activities, impact of transport on economic
activities, Edward Ullman’s spatial interaction model
Basic concepts in location problems, location model of Weber
Unit-4
Emergence of a new global economy – transnational integration and its
spatial outcomes,WTO and Natural resource use externalities
Reading List
1. Hartshorne, T. A. and Alexander, J. W., Economic Geography (fourth

Edition) 2001, New Delhi, Prentice Hall of India.
2. Jones, C. F., and Darkenwarld , G. G., Economic Geography New York,
The Macmillan and Co.
3. James. D., Wheeler and Peter O., Muller, Economic Geography, New
York, John Wiley and Sons.
4. Knox, P. 2003. The Geography of World Economy. Arnold, London.
5. Hudson, R. 2005. Economic Geography. Sage Publication, New Delhi.
6. Gautam, A.2010. Advanced Economic Geography. Sharda Pustak
Bhawan, Allhabad.
//////////////////////////////////////////////////////////////////////////////////////
903-E Option-ii Demography

ExternaMarks:90
InternalMarks:10
Time:3 hours
Unit-1
Meaning and scope of demography; Components of population growth and

their inter-dependence; Measures of population change; Structure,
distribution and sources of population data.
Unit-2
Concepts of Demography – Vital rates, Life tables, composition and uses,
Age pyramids, population projection – stable, stationary and quasi-stationary
population
International aspects of population growth and distribution; Pattern of age
and sex structure in more developed and less developed countries
Unit-3
Importance of study of fertility – Total fertility rate, gross reproduction rate
and net reproduction rate; Levels and trends of fertility in more and less
developed countries; Factors affecting fertility; Urbanization – Growth and
distribution of rural–urban population in developed and developing countries
Unit-4
Population&Environment,Population and Human development issues
Demographic characteristics of population of India
Reading List
· Agarwala S.N. (1972), India’s Population Problem, Tata McGraw-Hill Co.,
Bombay.
· Bose, A. (1996), India’s Basic Demographic Statistics, B.R. Publishing
Corporation, New Delhi.
· Bogue, D.J. (1971), Principles of Demography, John Wiley, New York.
· Chenery H. and T.N. Srinivasan (Eds.)(1989), Hand Book of Development
Economics, Vol. 1 & 2
Elsevier, Amsterdam.
· Choubey, P.K. (2000), Population Policy in India, Kanishka Publications,
New Delhi.
· Coale, A.J. and E.M. Hoover (1958), Population Growth and Economic
Development in Low
Income Countries: A Case Study of India’s Prospectus, Princeton University
Press, Princeton.
· Gulati, S.C. (1988), Fertility in India: An Econometric Study of a
Metropolis, Sage, New Delhi.
· Simon, J.L. (1992), Population and Development in Poor Countries,
Princeton University Press.
· Srinivasan, K, (1998), Basic Demographic Techniques and Applications,
Sage, New Delhi
///////////////////////////////////////////////////////////////////////////
903-E Option-iii Economics of Infrastructure
External Marks:90
Internal Marks:10
Time:3 hours
Unit-1
Infrastructure and economic development – Infrastructure as a public good;
Social and physical infrastructure; Special characteristics of utilities. The
peak-load, Off-Load Problem, Dual Principle
Controversy.
Unit-2
The structure of Transport Costs and Location of Economic Activities.
Demand for Transport.
Cost structure in the communication Sector;Principles of Pricing.Network
externalities in communication.
Unit-3
Energy and sustainable development;Factors Determining Demand for
Energy; Effects of Energy Shortages. Energy Conservation. Renewable and
Non-conventional Sources of Energy. The search for an Optimal Energy
Policy in the Indian Context.
Unit-4
Concept, scope and relevance of Human Resource Development. Education
and Economic Growth. Approaches to Educational Planning. Social
Demand. Rate of Return and Manpower Balance Approaches
Reading List
· Indian Council of Social Sciences Research (ICSSR)(1976), Economics of
Infrastructure, Vol. VI,
New Delhi.
· National Council of Applied Economic Research (NCAER) (1996), India
Infrastructure Report;
Policy Implications for Growth and Welfare, NCAER, New Delhi.
· Parikh, K.S. (Ed.) (1997), India Development Report 1997, Oxford, New
Delhi.
· Parikh, K.S. (Ed.) (1999), India Development Report – 1999-2000, Oxford,
New Delhi.
· Turvey. R. (Ed.) (1968), Public Enterprises, Penguin, Harmondwoth.
//////////////////////////////////////////////////////////////////////////////////////////////
904-E Economic Policy-1
ExternaMarks:90
InternalMarks:10
Time:3 hours
Unit 1
Economic policy:Instrument variables,target variables,trade-off between
objectives,Policy lags
Major features of Indian Economy since 1991,Role of new economic
strategy:Globalisation,Privatisation,Liberalisation in economic development
Unit 2
Monetary policy of RBI:Quantitative&Qualitative measures,RBI’s changing
focus on OMOs,Bank Rate,and CRR;
Banking sector reforms,social banking and NBFI policy
Unit 3
New trends in Centre-state financial relations; Latest finance commission’s
recommendations;Fiscal consolidation;Parallel economy& Problems relating
to fiscal policy;recent policy shifts in tax&subsidy in India
Unit 4
Economic reforms &new policy changes in Industrial and foreign trade
sector;WTO&Economic reforms;Millenium development agenda
Reading List
• Ahluwalia, I.J. and I.M.D. Little (Eds.) (1999), India’s Economic Reforms
and Development
(Essays in honour of Manmohan Singh), Oxford University Press, New
Delhi.
• Bardha, P.K. (9th Edition) (1999), The Political Economy of Development
in India, Oxford
University Press, New Delhi.
• Brahmananda, P.R. and V.R. Panchmukhi (Eds.) (2001), Development
Experience in the
Indian Economy: Inter-State Perspectives, Bookwell, Delhi.
• Datt, R. (Ed.) (2001), Second Generation Economic Reforms in India,
Deep & Deep
Publications, New Delhi.
• Government of India, Economic Survey, (Annual), Ministry of Finance,
New Delhi.
• Government of India, Planning Commission; Five Year Plan Document
////////////////////////////////////////////////////////////////////////////////////
905-E
DISSERTATION
Total marks:150
Internal Marks:100
External Marks:50(Viva-voce)
The topics of dissertation work must be assigned by 30th of September.
Submission deadline: 31st of December/last working day of December
Dissertation work will be in the form of main copy and copy of the
summary.
Dissertation supervisor will be internal.
Qualifying marks will be 50%(of 150)
////////////////////////////////////////////////////////////////////////////////////////
PRACTICALS syllabi
906-E Contemporary Issues of Indian Economy

External marks:40
Internal marks:10
Disinvestment, Administered Price Mechanism:Deregulation of fuel

prices,Goods&services Tax
//////////////////////////////////////////////////////////////////////
907-E Agricultural economics
External marks:40
Internal marks:10
Presentation(written&oral) Interdependence between

agriculture and industry- some empirical evidence,Farm-size&labour
productivity
Terms of trade between agricultural and non-agricultural sectors;Objectives
of agricultural price policy- Instruments and evaluation; Food security in
India
/////////////////////////////////////////////////////////////////////////////////////
908-E (i) Option-I Economics of Natural resources
External marks:40
Internal marks:10
Efficiency in resource–use;Classification of mineral depositsIndicated
Resources,Proven reserves and Probable reserves
Transnational integration and its spatial outcomes,WTO and Natural
resource use externalities
//////////////////////////////////////////////////////////////////////////////////////
908-E (ii) Option-II Demography
External marks:40
Internal marks:10
Measures of population change; Structure, distribution and sources of

population data
Population and human development issues; Culture and fertility; Education
and fertility, Demography and household economic behaviour
////////////////////////////////////////////////////////////////////////////////////////
908-E(3) Option-iii Economics of Infrastructure
External marks:40
Internal marks:10
Special characteristics of utilities. The peak-load, Off-Load Problem, Dual
Principle Controversy
Approaches to Educational Planning. Social Demand. Rate of Return and
Manpower Balance Approaches
///////////////////////////////////////////////////////////////////////////////////
909-E Economic Policy-1
External marks:40
Internal marks:10
Economic Policy:Instrument variables,target variables,trade-off between

objectives,Policy lags
WTO&Economic reforms;Millenium development agenda
/////////////////////////////////////////////////////////////////////////////////
Syllabus
for
M.Sc Economics (Hons)
7th Semester to 10th Semester
Department of Economics, University College ,

Kurukshetra University Kurukshetra

MSC Hon SCHEME & SYLLABI-2

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SCHEME OF COURSE (2013-14)

(T = Theory Course, IA=Internal Assessment, P = Practical Course)

302-E Public Economics 80 20 6

305-E History of Economic Thought 80 20 6

Grand Total =500

906-E Contemporary Issues of 50 2

Unit-I Introduction: Definition & nature of economics; Basic

Time:3 hours(for theory and practicals each)

Note:Paper-setter will set Nine questions in all.Question no. one will be

Fundamentals of Computer: Model of a digital computer, functioning of

Introduction to Windows : Type of windows, windows as an operating

Unit-I Theory of Factor Pricing-Marginal Productivity theory,

Unit-I Analytical geometry-Equation of straight line,circle,conic sections;

MS-Word :Fundamentals of MS-Word, Menus, toolbars, ruler, scroll bar,

MS-Excel: Worksheet overview : Rows, Columns, cell, menus creating

Roy Bailey (2005) The Economics of Financial Markets

DM Mithani:Money, Banking and Public Finance

A.D. Bain (1992) Economics of the Financial System

Suraj.B.Gupta: Monetary Economics - Institutions, Theory & Policy;S

Suraj.B.Gupta:Monetary Planning for India

Khan,MY: Indian Financial System;Tata-McGrawhill

Unit –I Fiscal functions: An overview : Tools of normative analysis:

Project (Budget preparation)

Unit-I Measures of Central Tendency:Arithmetic

Unit-III MS Power Point as presentation: Slide layout and preparation,

Unit-IV- Basics of network, Internet, applications of internet, Browsers

Internet : Setting up of E-mail Account, Use of browser

Unit-I Classical economics-A,Smith,D. Ricardo,JS

Exchange Rates:meaning,types,Mint-par theory and Purchasing power-

Roy Bailey (2005) The Economics of Financial Markets

DM Mithani:Money, Banking and Public Finance

A.D. Bain (1992) Economics of the Financial System

Suraj.B.Gupta: Monetary Economics - Institutions, Theory & Policy;S

Suraj.B.Gupta:Monetary Planning for India

R.B.I. - Report of the Committee on Banking Sector Reforms (Narasimham

Committee Report II) Summary in RBI Bulletin, July, 1998.

R.B.I - Report of the Working Group : Money Supply Analytics and

Y.V. Reddy (2000), Monetary and Financial Sector Reforms in India

Note:Paper-setter will set Nine questions in all.Question no one will be

Unit-I Overview of DBMS: Basic DBMS terminology, Advantages and

UNIT – I Introduction to Internet and World Wide Web; Evolution and

UNIT – II URLs; Searching and Web-Casting Techniques; Search

UNIT – IV Web Development: Introduction to HTML; Hypertext and

Page design using HTML using various tags

(ii)Practical Record : 10 Marks

Economic Development-Todaro MP;Pearson publications

Internal&External Balances-Swan Model,Mundell Model,Internal and

QUANTITATIVE METHODS WITH COMPUTER APPLICATIONS

Quantitative methods and applications in consumer behavior: Demand

Quantitative Methods and applications in production: Estimation of the

Application in optimization problems: Linear Programming-simplex

Recommended software packages: Microsoft Excel,SPSS,LIMDEP

Healthfields and Wibe (1987) An Introduction to cost and Production’s

Chaing A: Fundamental Methods of Mathematical Economics

Henderson, A.M. and R.E. Quandt (1980) Microeconomic Theory. A

Sanders D.H. (1988), Computers Today, McGram Hill (3rd Edition)

Intrilligator, M.D.(1978), Economic Models.

1. Kreps, David M. (1990), A Course in Microeconomic Theory, Princeton

Basic Reading List

Simple and general Linear Regression Model :Assumptions, Estimation

Concepts and analysis of Variance approach and its application in

Nature ,test ,consequences and remedial steps of problems of

Simultaneous equation models : The simultaneous equation bias,