Presented by Adhikari db

MA Economics Syllabus (T.U)

Tu Master of arts MA Economics Compulsory papers Full Marks
1. Micro economics analysis paper (eco.531) 100 2. Quantitative techniques I paper (Eco.532) 100 3. Economics of development and planning I paper (Eco.533) 100 4. Economics IV paper (Eco.534) A. Research Methodology (Eco.534) B. History of Economic Thought (Eco.534) OR C. Basic Econometrics (Eco.534 c)

UNIT 1: METHODOLOGICAL ISSUES IN ECONOMICS 15 a) Some methodological Concepts and Categories 1. Importance of models in economics 2. Model building; economic and econometric models 3. Choice between models 4. Analysis of equilibrium statics, dynamic,& stationary state. b) The Methodology of Economics 1. Applications of various methods( deductive, inductive, and logical positivism) 2. Hypothesis in economics 3. Assumptions in economics 4. Falsifiability in classical economics 5. Falsifiability in neo-classical economics 6. The role of value judgment. C) The objective methods of Economics 1. Views of Friedman and Lange 2. Empiricism in economics 3. Scientific paradigm of economics 4. Marxian methods of economic analysis UNIT II: THE THEORY OF CONSUMER BEHAVIOR TEACHING HOURS 30 a) An introspective Ordinalist Approach 1. Review of indifference curve theoryconsumers equilibrium 2. Changes in prices and consumers demand curve 3. Income and substitution effects (Hicks and Slutsky) 4. Derivation of demand curves: Ordinary and compensated 5. Some unusual indifference curves and their equilibrium solutions 6. Critical evaluation of indifference curve analysis b) The behavioristic Approach and Other Demand Models 1. Revealed preference theory and its critique 2. The behavioristic cardinal approach : Consumer behavior under uncertainty the N-M theory 3. The Friedman-savage hypothesis 4. Lancasterian demand theory 5. Empirical demand curves 6. The pragmatic approach to demand analysis

Optional papers
(Any one from A to G) A. Economics of Agricultural development (Eco.535 -1) B. Mathematical Economics (Eco.535 -2) C. Population Economics (Eco.535 -3) D. Industrial Economics (Eco.535 -4) E. International Economics (Eco.535 -5) F. Environmental & Natural Resources Economics (Eco.535 -6) G. Economics of tourism (Eco.535 -7)

M.A Economics First year 1. Micro Economic Analysis Eco.531 Full Marks:-100 Paper: 1 Teaching Hours: 150


The traditional theory of cost: short run costs and long run costs 2. The budget constraint 2. Linear expenditure system perfect competition model when cost change. increasing and decreasing cost industry. Technological change. Derivation of cost curve from production function 4. equilibrium with price competition. Inter-linkages between monopolistic and imperfect compition Unit VII. Elasticity of factor substitution. monopoly and monopolistic competition TEACHING HOURS 20 a) Perfect competition 1. elasticity of substitution. 5. Classical TEACHING HOURS 10 Unit III: Intertemporal Choice TEACHING HOURS 5 1. Predictions of the monopoly model in dynamic situations. effect of imposition of tax b) monopoly 1. comparison between perfect competition and monopoly 3. Bain’s limit pricing theory 2. Analysis of economic of scale 5. Cartels. Some standard production function: linearly homogeneous. imposition of tax 2. optional choice of inputs.plant firm 4. Cobb-Douglas. Bertrand’s duopoly model 3. Production function for a single product. technological progress and income distribution Oligopoly a) Non-collusive Oligopoly 1. and fixed coefficient type of production functions. Williamson’s model of managerial discretion Unit V: Theory of Cost TEACHING HOURS 10 1. Analysis of present value 5. Production with one and to variable inputs. CES. the kinked demand curve b) Collusive Oligopoly 1. prediction of the . effect of changes in outlay on equilibrium position.The mark-up rule of price determination 4. decision period related to production analysis. Stackelberg’s duopoly model 4. dynamic changes in industry equilibrium. The hall and Hitch Report and the “full-cost” pricing principle 3. Critique of the neo-classical theory of the firm 2. bilateral monopoly c) monopolistic competition 1. Marris’s model of the managerial enterprise 4. 4. Modern theory of costs: short run costs and long run costs 3. monopoly under multi . constrained output maximization. Comparative statics 4. supply curves of firm and industry: long run equilibrium of firm and industry. 3.Presented by Adhikari db MA Economics Syllabus (T. Equilibrium of the firm: equilibrium with new firm entering the industry. cartels aiming at joint profit maximization and market sharing cartels 2. constant. Baumol’s theory of sales revenue maximization 3. shift in the market demand. profit maximization. Cournot’s duopoly model 2. Empirical evidence on the shape of costs Unit VI: Perfect competition . constrained cost minimization. Critique of average cost pricing b) Managerial theories of the firm 1. Producer’s equilibrium. shift in production function 6. Use of present Unit IV: Theory of Production Technological Change TEACHING HOURS 15 1. 2. Other theories of the firm TEACHING HOURS 10 a) Average cost pricing 1. Price Leadership models Unit VIII. and equilibrium by both price competition and free entry. Preferences for consumption 3.U) 7. introduction to input –output model. the Kinked demand curves 5. increase in the cost of the monopolist. comparison with perfect competition 2. short run equilibrium.

Linear programing. xz (chi square) test. Quantitative Techniques Eco . market failure and alternative economic systems. multinomial. uniqueness. Two-person Zero sum game. Strategy. twocommodity and two consumer (2x2x2) general equilibrium model 7. Factor pricing in imperfectly competitive markets 2. General Equilibrium and Welfare Economics TEACHING HOURS 25 1. Graphical treatment of the two-factor. Factor pricing TEACHING HOURS 10 1. uncertainty model. types of sampling determination of sample size according to the type of sample. Random variable (discrete and continues). hyper geometric. and movements) Unit VIII : Correlation analysis Simple. Interdependence in the economy 2. f-test. Mathematical expectations. Bentham’s criterian. Social justice and social optimum 10. variable term Unit X: Hypothesis Testing z-test. population versus sample. relationship between binominal and normal distributions. Price of fixed factors. 532 marks: 100 Paper: II Hours: 150 Course Objective Full Teaching This course intends to acquaint the students with some of the mathematical and statistical tools used in economics.Determination of welfare maximizing outputmix. maximum likelihood. Unit III: Game Theory. rank.Presented by Adhikari db MA Economics Syllabus (T. duality Input-Output analysis : Two sector model Unit IV : Measurement of Inequality Application of Lorenz Curve. sampling distributions of means and proportions. and DurbinWatson test Basic Reference . and pareto distribution Unit V: Probability distribution Overview of Probability. and auto correlations Unit IX: Regression Analysis Review of simple regression. standard error Unit VII: Estimation Point and interval estimation: Properties of estimators: estimation methods (ordinary least squares. multiple. lognormal distribution Unit vi: sampling theory Meaning. sampling and nonsampling errors . Scitovsky’s double criterian. partial. pareto optimality 5. theory of the second best. and Input output analysis 20 Theory of games: Concepts. Capitalism. Poisson and normal distributions. constant term and. Non-homogeneous factors and wage differentials Unit X. rent and Quasi-rents. Existence . central limit theorem(without proof) . Gini coefficient . dummy variable as regressor 2. Unit I: Linear Difference Equations 12 First order and second order difference equations with constant coefficient.U) Unit IX. Bergson criterion . t-test. simplex methods. Importance and objectives of sampling. Scitovsky paradox. variance and standard errors). Pigovian welfare economics 4. binomial. welfare maximization and perfect competition 9. . maximization of social welfare 6. non zero sum game. commodity distribution and resource allocation 8. prisoner’s dilemma Linear programing. Bayes theorem . Multiple regression analysis by least squares method. analysis of variance (ANOVA) and regression analysis. constant term and. Kaldor-hicks compensation principle. and stability of equilibrium 3. Criteria of social welfare: GNP growth . variance and co-variance of random variables. variable term Unit II : Linear Differential Equations 12 First order and second order differential equations with constant coefficient. rent seeking behavior 3. properties of estimators of regression coefficients(mean.

Presented by Adhikari db MA Economics Syllabus (T.U) .