PG Economics 2018

CBCS CURRICULUM OF
M.A. ECONOMICS PROGRAMME

SUBJECT CODE = ECO
FOR POST GRADUATE COURSES UNDER RANCHI UNIVERSITY
Implemented from
Academic Session 2018-2020
PG: ECONOMICS CBCS CURRICULUM RANCHI UNIVERSITY
Members of Board of Studies for CBCS Syllabus of PG Economics, Under Ranchi

University, Ranchi.
1. Chairman: Dr. Shyamali Banarjee

H.O.D., University Department of Economics
2. Internal Members:
i. Dr. R. Sharan, Ex H.O.D.,
University Department of Economics, Ranchi University, Ranchi
ii. Dr. G.C. Singh

Associate Professor, University Department of Economics
iii. Prof K.N. Das

iv. Dr. M. Dasgupta

v. Dr. Jyoti Prakash

Assistant Professor, University Department of Economics
vi. Dr. Ranjana Srivastava

3. External Member:
i. Dr. P.C. Deogharia
Associate Professor, Department of Economics
V.B.U., Hazaribag
4. Special Invitee:
i. Dr. Neeraj
Assistant Professor, University Department of Chemistry &
OSD Examinations, Ranchi University, Ranchi
Session 2018-20 Onwards

i
Contents
S.No. Page No.
Members of Core Committee i
Contents ii
COURSE STUCTURE FOR POSTGRADUATE PROGRAMME
1 Distribution of 80 Credits 1
2 Course structure for M.A. in ECONOMICS 1
3 Semester wise Examination Structure for Mid Semester & End Semester 2
Examinations
SEMESTER I
4 I FC-101 Compulsory Foundation Course (FC) 3
5 II. CC-102 Core Course –C 1 5
6 III. CC-103 Core Course –C 2 6
7 IV CC-104 Core Course –C 3 8
SEMESTER II
8 I CC-201 Core Course- C 4 9
9 II. CC-202 Core Course- C 5 11
SEMESTER III
12 I EC-301 Ability Enhancement Course (AE) 16
13 II. CC-302 Core Course –C 8 18
14 III. CC-303 Core Course- C 9 19
SEMESTER IV
16 I EC-401 Generic/Discipline Elective (GE/DC 1) 21
17 II. EC-402 Generic/Discipline Elective (GE/DC 2) 26
19 IV PR-404 Core Course (Project/ Dissertation) –C 12 32
ANNEXURE
20 Distribution of Credits for P.G. Programme (Semester-wise) 33
21 Sample calculation for SGPA for P.G. Vocational/ M.Sc./ M.A./ M.Com 34
Programme
22 Sample calculation for CGPA for P.G. Vocational/ M.Sc./ M.A./ M.Com 34
Programme
DISTRIBUTION OF MARKS FOR EXAMINATIONS

AND
FORMAT OF QUESTION PAPERS
23 Distribution of Marks of Mid Semester Theory Examinations 35
24 Distribution of Marks of End Semester Theory Examinations 35
25 Format of Question Paper for Mid Semester Evaluation of Subjects with/ 36

without Practical (20 Marks)
26 Format of Question Paper for End Semester Examination of Subjects without 37
Practical (70 Marks)

ii
COURSE STUCTURE FOR M.A. ECONOMICS
Table AI-1: Distribution of 80 Credits [*wherever there is a practical there will be no tutorial and vice –versa.]
Course Papers Credits (Sc) Credits (Arts/Comm)
Theory + Practical Theory + Tutorial
I. Foundation Course (FC)

1. Foundation Course (FC)
Compulsory Foundation/ 1 Paper 1X5=5 1X5=5
Elective Foundation
II. Core Course (CC) (CC 1 to 10/11)

Theory 7 Papers/11 Papers 7X5=35 11X5=55
Practical/ Tutorial* 3 Papers/----------- 3X5=15
Project 1 Paper 1X5=5 1X5=5
III. Elective Course (EC)

A. Ability Enhancement Course (AE/EC 1)
of the Core Course opted 1 Paper 1X5=5 1X5=5
B. Discipline Centric Elective (DC/EC 2&3)

Theory + 2 Papers 2X5=10
Practical 1 Paper 1x5=5
OR Theory/Practical/Tutorial* 1Paper + 1 Practical/Dissertation 2X5=10
OR Generic Elective/ Interdisciplinary (GE/EC 2&3)

Theory OR 2 Papers
Theory/Practical/Tutorial* 1 Paper + 1 Practical/Dissertation
Total Credit = 80 = 80
Table AI-1.1: Course structure for M.A. Programme

Semester Subject Allied Foundation Course Total Credits
(Core Courses) (Elective Courses) (Compulsory Course)
12 Papers 3 Papers 1 Paper
Sem-I C-1, C-2, C-3 Foundation Course FC
(5+5+5=15 Credits) (05 Credits) 20 Credits
Sem-II C-4, C-5, C-6, C-7

(5+5+5+5=20 Credits) 20 Credits
Sem-III C-8, C-9, C-10 EC1

(5+5+5=15 Credits) (05 Credits) 20 Credits
Sem-IV C-11, EC2, EC3

(05 Credits) (5+5=10 Credits) 20 Credits
C-12 (Project)
(05 Credits)
Total = 80 Credits
1
For Session 2018-20 onwards
COURSES OF STUDY FOR POSTGRADUATE, M.A., ECONOMICS PROGRAMME

Table AI-2 Subject Combinations allowed for M. A. Programme (80 Credits)
Discipline Centric Elective/

Foundation Course Core Subject Ability Enhancement Course
Generic Elective Course
FC CC AE
DC/ GE
1 Paper 12 Papers 1 Paper
2 Papers
Table AI-2.1 Semester wise Examination Structure for Mid Sem & End Sem Examinations:
Core, AE/ GE/ DC/ EC & Compulsory FC Courses Examination Structure

End
Sem Mid End
Semester
Semester Semester
Paper Paper Code Credit Name of Paper Evaluation Evaluation
Practical/
Viva
(F.M.) (F.M.)
(F.M.)
Foundation FCECO101 30 70
Course
5 Elementary Mathematical Economics ----
Core Course CCECO102 5 Micro Economic Analysis 30 70 ----

I
Core Course CCECO103 5 Macro Economic Analysis 30 70 ----
Core Course CCECO104 5 Economics of Environment 30 70 ----
Core Course CCECO201 5 Economics of Social Sector 30 70 ----
CCECO202 5 Economics of Imperfect Markets, Theories 30 70 ----

Core Course
of Distribution and welfare
II
CCECO203 Macroeconomics theory, Indian Financial 30 70 ----
Core Course 5
Institutions
Core Course CCECO204 5 Public Economics 30 70 ----
Ability
Enhancement ECECO301 5 Soft’s Skill for Economics 30 70 ----
Course
Core Course CCECO302 5 International Economics 30 70 ----

III
CCECO303 5 Research Methodology and Elementary 30 70 ----
Core Course
Econometrics
Core Course CCECO304 5 Economic Growth and Development 30 70 ----
A. Advance Mathematical Economics/

Elective ECECO401 5 B. Agricultural Economics/ 30 70 ----
C. Managerial Economics
A. Econometrics/
Elective ECECO402 5 B. Demography/ 30 70 ----
IV C. Economics of Labor
Core Course CCECO403 5 Indian Economics 30 70 ----
PROJECT/
PRECO404 5 Project ---- ---- 70 + 30
Dissertation

2
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SEMESTER I 4 Papers
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Total 100 x 4 = 400 Marks
I. COMPULSORY FOUNDATION COURSE [FCECO101]:
(Credits: Theory-05)
Marks: 30 (MSE: 20Th. 1Hr + 5Attd. + 5Assign.) + 70 (ESE: 3Hrs)=100 Pass Marks (MSE:17 + ESE:28)=45
Instruction to Question Setter:
Mid Semester Examination (MSE):

There will be two groups of questions in written examinations of 20 marks. Group A is compulsory and will contain five
questions of very short answer type consisting of 1 mark each. Group B will contain descriptive type five questions of five
marks each, out of which any three are to be answered.
End Semester Examination (ESE):

There will be two groups of questions. Group A is compulsory and will contain two questions. Question No.1 will be very
short answer type consisting of five questions of 1 mark each. Question No.2 will be short answer type of 5 marks. Group
B will contain descriptive type six questions of fifteen marks each, out of which any four are to be answered.
Note: There may be subdivisions in each question asked in Theory Examinations

The Mid Semester Examination shall have three components. (a) Two Semester Internal Assessment Test (SIA) of
20 Marks each, (b) Class Attendance Score (CAS) of 5 marks and (c) Class Performance Score (CPS) of 5 marks. “Best of
Two” shall be applicable for computation of marks for SIA.
(Attendance Upto75%, 1mark; 75<Attd.<80, 2 marks; 80<Attd.<85, 3 marks; 85<Attd.<90, 4 marks; 90<Attd, 5 marks ).
ELEMENTARY MATHEMATICAL ECONOMICS

Theory: 60 Lectures; Tutorial:15 Hrs
Module I: Sets, Limits and Functions
Sets, Sets Operations, Finite and Infinite Sets, Cartesian Product, Relations, Functions,
Limits of a Function, Continuity, Graphical Representation of Functions, Functions in
Economic theory.
Module II: Differentiation

Derivative of a Function – Elementary Properties of Derivatives, Rules of
Differentiation, Exponential And Logarithmic Function, Derivatives of Higher Order,
Application of Simple Derivation (Total Marginal And Average Functions), Concept of
Elasticity, Interrelationships Among Total, Marginal And Average Cost And Revenues.
Module III: Integration

Integration as the inverse process of differentiation, standard forms and properties of
integrals – Integration by the methods of substitution, Integration by algebraic &
trigonometric function Integration by parts, Integration of exponential function,
logarithmic function, Application in consumers surplus.
Module IV: Maxima and Minima

Partial Derivatives – First and Second order, Increasing and Decreasing Function,
Convexity of Curves, Maxima and Minima of function of one variable and two
variables.
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Module V: Matrices and Determinants

Algebra of vectors, Matrices: Concept, their types, Determinant Matrix inversion and
rank of matrix, Matrix Solution of simultaneous equation.
Module VI: Linear Programming

Solution of Linear Programming by Graphical Method.
Module VII: Elementary Theory of Games, Two person Zero Sum Game, Pure and Mixed strategy.
Basic Reading List

A.C. Chiang – Fundamentals of Mathematical Economics, McGraw Hill, New York.
Aggarwal, S.C. & R.K. Rana - Basic Mathematics for Economics, V.K. Enterprise, New Delhi.
R.G.D Allen. – Mathematics for Economics, Mc Milan Press.
Taro Yamane – Mathematics for Economics – An Elementary Survey Prentice Hall of India, Pvt. Ltd.
New Delhi.
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II. CORE COURSE [CCECO102]: (Credits: Theory-04, Tutorial-01)




MICRO ECONOMIC ANALYSIS

Module I: Consumer Behavior and Demand Analysis
Theories of Demand –utility; indifference curve (income and substitution effects; Slutsky
theorem, compensated demand curve) and their applications; Indirect utility demand functions
(Hicksian and Marshallian) Elasticity (price, cross, income) of demand and elasticity of supply;
Revealed Preference theory; Revision of demand theory by Hicks; Consumer’s Surplus.
Module II: Theory of Production and Cost

Marginal productivity, rate of technical substitution, elasticity of input substitution, Production
function – short period and long period; Law of Variable Proportions and Returns to Scale;
Isoquants least cost combination of inputs; Leontief’s Isoquants, Returns to factors; Economics
of Scale and scope, Learning curve; Multiproduct Firm; Cobb-Douglas, CES, Traditional and
Modern theories of cost.
Module III: Price & Output Determination in Perfect Competition and Monopoly
Perfect competition Equilibrium in short run and long run of firm and industry.
Monopoly – short run and long run equilibrium, price discrimination, monopoly
power. Monopsony – price and output determination.
Bilateral monopoly - price and output determination.
Basic Reading List
Baumal- Economic theory and Operations analysis, Prentice Hall.
Breit, William and Hochman, Harold M-Readings in Microeconomics, Rinehart and Winston Inc.
G S Madala- Microeconomics
Hal R Varian and W.W. Norton - Microeconomic Analysis (third edition).
Koutsoyiannis- Modern Microeconomics, Macmillan.
Robert S Pindyck and Daniel L Rubinfeld- Microeconomics (fifth edition), Prentice Hall.
Steven E Landsburg -Price Theory and Applications, (fifth edition), South Western Thomson
Learning.
Walter Nicholson- Microeconomic Theory: Basic Principles and Extensions (eighth edition),
South Western Thomson Learning.
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5
III. CORE COURSE [CCECO103]: (Credits: Theory-04, Tutorial-01)



MACRO ECONOMIC ANALYSIS

Module I: Micro Foundations:
Macroeconomics: micro foundations, aggregation problem, macroeconomic problems; Structure
of national accounts, key concepts in measurement for both closed and open economies,
computational issues, input-output accounting.
Module II: Consumption Function:

Absolute Income Hypothesis, Relative Income Hypothesis, Permanent Income and Life
Cycle Hypotheses, Consumption under Uncertainty – Modern approach.
Module III: Investment Function:

Keynesian Approach, Accelerator Theory, Neo-Classical Theory of Investment, Tobin’s Q
Theory of Investment.
Module IV: Demand for Money:

Quantity theory of money, Keynesian approach, Baumol and Tobin’s contribution, Friedman’s
restatement of quantity theory of money, revival of monetarism.
Module V: Supply of Money

Financial intermediation — a mechanistic model of bank deposit determination; A behavioural
model of money supply determination, A demand determined money supply process; High
powered money and Money multiplier , Budget deficits and money supply; money supply and
open economy; control of money supply.
Basic Reading List:

Branson, W.A. (1989): Macroeconomic Theory and Policy, (3rd Edition), Harper and Row, New York.
B.L Scarfe. (1977): Cycles, Growth and Inflation, McGraw Hill, New York.
D.L. Romer, (1996): Advanced Macroeconomics, McGraw Hill Company Ltd., New York.
E Shapiro. (1996): Macroeconomic Analysis, Galgotia Publications, New Delhi.

6
G. Ackley, (1978): Macroeconomics: Theory and Policy, Macmillan, New York.
Hall, R.E. and J.B. Taylor (1986): Macroeconomics, W.W. Norton, New York.
Heijdra, B.J. and V.P. Fredericck (2001): Foundations of Modern Macroeconomics, Oxford
University Press, New Delhi.
M.J.C. Surrey, (Ed.) (1976): Macroeconomic Themes, Oxford University Press, Oxford.
R. Dornbusch and F. Stanley (1997): Macroeconomics, McGraw Hill, Inc., New York.
R. Jha, (1991): Contemporary Macroeconomic Theory and Policy, Wiley Eastern Ltd., New Delhi.
S.B Gupta: Monetary Planning for India
S.B Gupta: Monetary Economics Institutions Theory and Policy.
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IV. CORE COURSE [CCECO104]: (Credits: Theory-04, Tutorial-01)



ECONOMICS OF ENVIRONMENT
Module I:
Economics of Natural Resources, Sustainable Development and Environmental Accounting
Meaning and Characteristics of Environmental Goods; Theories of Optimal use of exhaustible
and renewable resources; Environmental and Development trade – off and the concept of
sustainable development; Integrated environmental and economic accounting and the
measurement of environmentally corrected GDP; Macroeconomic policies and Environment.
Environmental Kuznets Curve, The Theory of Environmental Externalities, Pigouvian Taxes
and subsidies, Coase’s bargaining solution and collective action, New model of pollution
control, Environmental Regulations and Enforcement.
Module II: Measurement of Environmental Values

Rationale for valuation of environment; concept of Total Economic Values, direct and indirect
methods of Valuation; Methods based on response to hypothetical markets, Contingent valuation
methods. Travel Cost method; Hedonic Pricing Method.
Module III: Environmental and Natural Resource Problems and Policies in India
Mechanism for environment regulation in India; Environmental laws and their implementation;
National Environmental Policy; Water Policy; Forest Conservation Act; Forest regulation Act;
WTO and environment; Climate change and International Agreements.
Basic Reading List
Bhattacharya, R.N. (2006): Environmental Economics, An Indian Perspective, Oxford University Press,
New York.
Divan Shyam and Armin Rosencranz (2008): Environmental Law and Policy in India, Cases, Material and
Statutes, Oxford University Press, New York.
Ganesamurthy, V.S. (2009): Environmental Economics in India, New Century Publications, New Delhi, India.
Sankar, Ulaganthan (2006): Environmental Economics, Oxford University Press, New York.
T. Eugine (2008): Environmental Economics, Vrinda Publications (P) Ltd.
Tietenberg, Tom(2004): Environmental and Natural Resource Economics, Pearson Education.
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SEMESTER II 4 Papers
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I. CORE COURSE [CCECO201]: (Credits: Theory-04, Tutorial-01)



ECONOMICS OF SOCIAL SECTOR

Module I: Education, Health and Development

Capability & Empowerment Approaches, Education as public goods, Education as an instrument
of economic growth, Women’s Education, Recent trends in Women Education, Committees and
Commission on Education, Adult Literacy and Non Formal Education for economic
development.
Module II: Economics of Education Human Capital Vs Physical Capital

Demand for Education – Private Demand and Social Demand, determinants of demand for
education, costs of education, private costs and social costs, Wastage and Stagnation in
education, Benefits of education : Private and Social benefits, Cost benefit analysis of education.
Module III: Economics of Health

Health dimensions of development determinants of health, poverty, malnutrition and
environmental issues, economic dimension of health care – demand and supply of health care,
Financing of health care and resource constraints in health care and its delivery, Inequalities in
health: class and gender perspectives, institutional issues in health care delivery, public
expenditure on health in India, Health status of women in India, mortality and morbidity factors
influencing health and nutrition.

9
Module IV: Resource Mobilisation in Education:

Pricing problem in education, role of grants and subsidies, effects of education, ability and family
background on earnings, poverty and income distribution effects of educational pricing and
subsidies on income distribution and employment, public expenditure on education in India,
Educational planning in developing countries with special emphasis in India.
Module V: Development Policy in India:

Gender Analysis framework, Gender Mainstreaming and Gender Budgeting. Analysing Policy
and Programmes: Gender blind Gender Neutral and Gender Redistributive Policy. Women’s
education – gender bias in enrollment, drop-outs, Information Technology – Impact on
women’s development sustainable development and impact on women. Health status of
women in India – Mortality and morbidity factors influencing health and nutrition.
Globalization and Women in India.
Basic Reading List

Arya P.P. and B.B. Tandon (Ed) 2004 : Human Resource Development, Deep & Deep Pub. New Delhi.
Goel, S.L. and P.N. Gautam (2005) : Human Resource Development in the 21st century, Concept and
case studies, Deep & Deep Pub. New Delhi.
Meier, Gerald M. amd James’ E. Rauch (2010) : Leading issues in economic development, Oxford
Univ. Press, New York.
Todaro, Michael P and Stephen C. Smith (2003) : Economic Development, Pearson Education Ltd.
World Development Report (World Bank)
Human Development Report (UNDP)
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10



ECONOMICS OF IMPERFECT MARKETS, THEORIES OF DISTRIBUTION & WELFARE

Module I: Price & Output Determination Imperfect Competition
Chamberlin’s approach to Monopolistic Competition, Oligopoly – Non Collusive models –
classical & kinked demand model – Collusive Models - Cartels and price leadership model.
Module II: Alternative Theory of the Firm

Baumol’s Sales Maximisation Theory, Willamson’s model of managerial discretion. Morris
model of managerial enterprise. Hall & Hitch full cost pricing theory. Game Theory Models.
Module III: Distribution

Micro theories of distribution – Marginal Productivity theory, Product exhaustion theorem,
Theory of distribution in imperfect markets. Macro theories of distribution – Ricardian Theory
Marxian Theory Kaleckis theory & Kaldor’s Theory.
Module IV: Welfare Economics 1

Definition and scope of welfare economics, Pigou’s welfare economics ,Pareto optimal &
contract curve, condition of optimum production and optimum exchange & optimum
consumption
Module V: Welfare Economics 2

Compensation criteria – Contribution of Kaddor, Hicks and Scitosvky, Social welfare function,
Theory of second best, Arrows’ Impossibility Theorem.
Basic Reading List

Arrow, K.J. (1951) Social Choice and Individual Values, Yale Univ. Press.
Pigou, A.C. (1962) Economics of Welfare (4th Edition) Mac Milan.
Samuelson, P.A. (1947) Foundation of Economic Analysis, Howard Univ. Press.
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MACROECONOMICS THEORY, INDIAN FINANCIAL INSTITUTIONS

Module I: Neo classical and Keynesian Synthesis

Neo-classical and Keynesian views on interest; The IS-LM model; Extension of IS-LM model
with government sector; Relative effectiveness of monetary and fiscal policies; Extension of IS-
LM models with labour market and flexible prices.
Module II: Theories of Inflation

Various concepts of Inflation: Core, Headline, Threshold, Its causes and effects, Quantity theory
view, Keynes’ view. Phillips curve analysis, long run Phillips curve, Monetarist and Structuralist
views of inflation. Inflation and Growth.
Module III: Trade Cycle Theories

Accelerator-multiplier interaction models, Theories of Schumpeter, Kaldor, Samuelson and
Hicks, Investment and Savings; Control of business cycles — relative efficacy of monetary and
fiscal policies.
Module IV: Monetary and Fiscal Policies :

Objectives, conflicts among objectives, Mundell-Fleming model, Recent Developments :
Monetarism. New-classical macroeconomics: Rational expectation revolution and Real business
cycle theory. New-Keynesian macroeconomics.
Module V: Indian Financial Markets

Indian Money Market , characteristics , major stakeholders and instruments , Call Money
Market, Treasury bill Market, commercial bill market, Certificate of Deposits, Commercial
Papers, Discount Market Indian Capital Market – Structure and types Indian Capital markets
,major stakeholders and instruments, Non-Banking Financial Companies ,Regulatory bodies
SEBI and IRDA, their functions.

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Basic Reading List

Ackley,G. (1978), Macroeconomics : Theory and Policy, Macmillan, New York.
Blackhouse, R. and A. Salansi (Eds.) (2000), Macroeconomics and the Real World (2 Vols.),
Oxford University Press, London.
Branson, W.A. (1989), Macroeconomic Theory and Policy, (3rd Edition), Harper and
Row, New York.
Dornbusch, R. and F. Stanley (1997), Macroeconomics, McGraw Hill, Inc., New York.
Hall, R.E. and J.B. Taylor (1986), Macroeconomics, W.W. Norton, New York.
Heijdra, B.J. and V.P. Fredericck (2001), Foundations of Modern Macroeconomics,
Oxford University Press, New Delhi.
Jha, R. (1991), Contemporary Macroeconomic Theory and Policy, Wiley Eastern Ltd., New Delhi.
Romer, D.L. (1996), Advanced Macroeconomics, McGraw Hill Company Ltd., New York.
Scarfe, B.L. (1977), Cycles, Growth and Inflation, McGraw Hill, New York.
Shapiro, E. (1996), Macroeconomic Analysis, Galgotia Publications, New Delhi.
Surrey, M.J.C. (Ed.) (1976), Macroeconomic Themes, Oxford University Press, Oxford.
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PUBLIC ECONOMICS
Module I: Introduction
Market Failure and Rationale for Government Intervention, Provision of Private Goods, Public
Goods, Social Goods, Merit Goods and Mixed Goods. Public Goods: Pureand Impure Public
Goods: Samuelson Condition, Free Rider Problem, Lindahl Solution.
Module II: Principles of Taxation

Principle of Fiscal Neutrality, Excess Burden, Doctrine Principle of Equity, Benefit Principle,
Bowen and Lindhal Principles in Developing Countries. Application of Taxation Principles in
Developing Countries, Meaning, Types and Measurement of Taxable Capacity.
Module III: Impact and Incidence of Taxes

Concept of Impact and Incidence, Theories of Shifting and Incidence Shifting under Different
market Conditions.
Module IV: Public Expenditure

Wanger’s Law Wisemen – Peacock Hypothesis Pure Theory of Public Expenditure Social Cost
– Benefit Analysis.
Module V: Public Debt

Classical, Keynesian and Post – Keynesian Approaches of Public Debt. Burden of Public Debt.
Public Debt Management, The Fiscal Responsibility and Budget Management Act, 2003
(FRBMA) and Public debt Management
Module VI: Indian Public Finance

Fiscal Federalism in India Centre-State financial relations in India Analysis of Central and State
Government Budgets, GST and fiscal federalism, Fiscal Crisis and Fiscal Sector Reform in India.

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Basic Reading List

Musgrave Richard (1989) : Public Finance in Theory and Practice, McGraw Hill Book Co., New York.
Buchaman J.M. (1970) : The Public Finances, Richard D. Irwin, Homewood.
Singh S.K. (1986) : Public Finance in Developed and Developing Countries, S. Chand and Co. Ltd.,
New Delhi
Chelliah R.J. (1971) : Fiscal Policy in Underdeveloped Countries.
Henmlata Rao (2006) : Fiscal Federalism – Issues and Policies, New Country Publications, New Delhi
Atkinson A.B. and J.E. Siglitz (1980) : Lectures on Public Economics, Tata McGraw Hill, New Delhi.
Government of India, Reports of the Tax Reforms Committee.
Government of India, Budget Documents (Various years)
Mundle, Sudipto (ed.) : Public Finance – Policy Issues for India, oxford University Press, 1997.
Srivastava, D.K. (Ed.) Fiscal Federalism in India: Cotemporary Challenges and Issues Before Eleventh
Finance Commission, 2001.
Reserve Bank of India, Handbook of Statistics on Indian Economy (Various Issues)
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SEMESTER III 4 Papers
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I. ABILITY ENHANCEMENT COURSE [ECECO301]:
(Credits: Theory-04, Tutorial-01)



SOFT’S SKILL FOR ECONOMICS

Module I: Basics of Communication and Effective Communication
Basics of communication: Definition of communication, Process of Communication, Barriers
of Communication, Nonverbal Communication. Effective communication: Johari Window,
The Art of Listening, Kinesthetic, Production of Speech, Organization of Speech, Modes of
delivery, Conversation Techniques, Dialogue, Good manners and Etiquettes.
Module II: Resume Writing and Interview Skills

Resume Writing: What Resume? Types of Resume? Chronological, Functional and Mixed
Resume, Steps in preparation of Resume. Interview Skills: Common interview questions,
Attitude, body Language, The mock interviews, Phone interviews, Behavioral interviews.
Module III: Group Discussion and Team Building
Group Discussion: Group Discussion Basics, GD Topics for Practice, Points for GD Topics,
Case Based and Article based Group Discussions, Points for Case Studies, and Notes on
Current Issues for GD. Personal Effectiveness: Self Discovery, Self Esteem, and Goal setting.
Conflict and Stress Management.
Module IV: Numerical Ability
Average, Percentage, Profit and Loss, Simple Interest, Compound Interest, Time and Work,
Pipes and Cisterns, Time and Distance, Problems on Trains, Boats and Streams Calendar,
Rations and Proportions.
Module V: Test of Reasoning

Verbal Reasoning: Series Completion, Analogy, Data Sufficiency, Assertion and Reasoning,
Logical Deduction. Non-Verbal Reasoning: Series, Classification.

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Basic Reading List

Aggarwal, R.S. 2010 Quantitative Aptitude, S. Chand & Sons.
Aggarwal, R.S.2010. A Modern Approach to Verbal and Non Verbal Reasoning. S.Chand
Covey, Stephen.2004. Habits of Highly effective people, FreePress.
Egan, Gerard.1994.The Skilled Helper (5thEd).Pacific Grove, Brooks/Cole.
Khera,Shiv 2003.You CanWin. Macmillan Books, Revised Edition
Murphy, Raymond.1998.Essential English Grammar. 2nd ed.,Cambridge Univ. Press.
Prasad,L.M.2000.Organizational Behaviour ,S.Chand
Sankaran, K.,&Kumar,M.2010 Group Discussion and Public
Speaking. M.I.Pub,Agra, Adams Media.
Schuller, Robert.(2010). Positive Attitudes. Jaico Books.
Trishna’s (2006). Howtodowellin GDs & Interviews, Trishna Knowledge Systems.
Yate, Martin.(2005). Hiring the Best: A Manager’s Guide to Effective Interviewing and Recruiting.
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INTERNATIONAL ECONOMICS
Module I. Theory of International Trade
Theory of Comparative Cost Advantage. Theory of Opportunity Cost. Heckscher – Ohlin Theory
of Trade. Leontief of Paradox, Rybezyuski Theorem.
Module II: Terms of Trade & Gains from Trade
Concept of Terms of Trade. Factors affecting Terms of Trade. Technical Progress and Terms
of Trade.
Nature, Sources and factors affecting Gains from Trade. Measurement of Gains from Trade.
Module III: Theory of Intervention
Types of Intervention. Free Trade versus Protection Effects of Tariff on National Income,
Output, Employment, Consumption, Terms of Trade and Income Distribution (Stopler
Samuelson Theorem).Effects of quota on National Income, Output, Employment, Terms of
Trade and Income Distribution ,Quotas versus Tariffs , Nominal, Effective and Optimum rates
of Tariff.
Module IV: Exchange Rate & Balance of Payment
Theories of Exchange rate determination – Purchasing Power Parity, Fixed and Flexible. Fixed
versus Flexible Exchange Rate. Demand and Supply Theory of Exchange rate determination.
Exchange Control
– Meaning, Objectives & Methods Concept and Significance of Balance of Payment.
Disequilibrium in Balance of Payment and methods to correct.
Module V: Theories of Regional Blocks
Forums of Economic Cooperation – Free Trade area, Custom Union, Common Market. Theory
of Custom Union – Trade Creation and Diversion effects.
Basic Readings List
Bhagwati, J.N. (ed) : International Trade, Selected Readings, Cambridge University Press.
Kirdleberger : International Business.
Paul R Krugman, Maurice Obsfeld : International Economics, Theory & Practice, (Pearson).
Soderston, B O (1991) : International Economics, Macmillon Press
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RESEARCH METHODOLOGY AND ELEMENTARY ECONOMETRICS

Module I: Concept of Research

Types of Research – Theoretical and Applied, Descriptive and Explanatory, Quantitative &
Qualititative, other types of Research; Steps in Research.
Module II: Research Process
Formulation of Research Problems, Hypothesis & Research questions.
Module III: Research Design
Concept and importance; Features of a good research design, Concept of independent and
dependent variables, concomitant variables, extraneous variables, Treatment and Central group.
Module IV: Data for Research
Quantitative and Qualititative, Cross section time series and panel data, sources of data; Primary
and Secondary, Techniques of Primary data collection, Questionnaire and Interview, observation
and case study.
Module V: Statistical Methods
Descriptive statistics and its uses. Interpretation of data: editing, coding, tabulation and
presentation. Inferential statistics – its use. Properties of a good estimator, Use of chi-square, t z
and F test.
Module VI: Elementary Econometrics
Definition of Econometrics, steps in Econometric research, Two variable linear model ,
assumptions , least square estimates of the parameters , testing significance of the estimated
parameters , confidence limits , ANOVA
Module VII: Layout of Research Paper
Report writing, Bibliography and Reference writing.
Basic Readings List
Kothari : Research Methodology
Deepak Chawla & N. Sondha: Research Methodology, Concept & Case, Vikas Publishing House Pvt. Ltd.
Ranjit Kumar: Resaerch Methodology for Beginners, Pearson Publication.
--------------------------------------------------------------------------------------------------------------------------
19



ECONOMIC GROWTH AND DEVELOPMENT

Module I: Introduction
Economic growth and Economic Development, Indicators of Economic growth –
various indices, capability approach, Factors affecting economic growth - capital,
labour & technology.
Module II: Theories of Economic Development

Adam Smith's theory , The Ricardian theory, Mill's theory, The Marxian theory, The
Schunpeterain theory.
Module III: Approaches to Development

Nurkse's Theory of Disguised Unemployment as a saving potential, Lewis' Theory of Unlimited
Supplies of labour, Fei-Renis Theory, Jorgenson's Neo-classical Model of a Dual Economy,
Endogeneous Growth Models.
Module III: Some Other Approaches to Development

Leibenstein's critical minimum effort Thesis, Nelson's Low - level equilibrium Trap, The
Big push Theory, The Doctrine of Balanced Growth, The Concept of Unbalanced Growth,
Dualistic Theories, Dependence theory of Development
Basic Reading List:

Adelman : Theories of Economics of Growth & Development, Stanford Uni. Press).
S. Ghatak: An Introduction Development Economics, Allen & Ulwin.
J. Hogendorn: Economic Development, Addison Wesley.
C. P. Kindleberger: Economic Development, McGraw Hill
H. Myint: The Economic of Underdeveloped Countries
M. P. Todaro : Economic Development
G. M. Meier: Leading Issues in Economic Development
A. P. Thirwal: Growth & Development, McMillan
Higgins: Economic Development.
---------------------------------------------------------------------------------------------------------------------------

20
--------------------------------------------------------------------------------------------------------------------------
SEMESTER IV 4 Papers
--------------------------------------------------------------------------------------------------------------------------
I. GENERIC/DISCIPLINE CENTRIC ELECTIVE [ECECO401A]:



A. ADVANCE MATHEMATICAL ECONOMICS

Module I: Theory of Optimization

Conditions for relative maximum and minima values , extreme values, one variable, two variable
case, quadratic forms ,concavity and convexity of functions, optimization with equality
constraints , Lagrange and total differential methods, First and second order conditions, quasi
concavity and quasi convexity
Model II: Application of optimization theory:

Utility maximization and consumer demand, Slutsky equation; Compensated and normal
demand functions; Homogeneous Production Function Least cost combination of inputs ,
expansion path Cobb-Douglas Production Function CES production Function Producer’s
Equilibrium, Constrained Optimization of a producer, Input demand functions; Adding up
Theorem
Model III: Market Equilibrium

Single Market equilibrium, Multi Market Equilibrium system, Existence, Stability and
Uniqueness of Equilibrium.
Model IV: Application of Matrices

Solution of Non-homogenous and homogenous equations systems, characteristics roots and
vectors; linear programming - simplex and graphic method of solution; primal and dual
formulation and solution; Game theory – solution with pure and mixed strategies – graphic
method, equation method and linear programming method. Input-output analysis – open and
21
closed models; static and dynamic models, Simon – Hawkins conditions, IS-LM model in a
closed economy.
Model V: Growth models and fluctuations

General and particular solutions of first, second and third order linear difference and differential
equations ,complex numbers and complex roots ,Cobweb model ,Determination of income and
fluctuations in income – Classical and Keynesian macro systems; Static and dynamic
multiplier, Trade cycle models of Samuelson and Hicks ,Growth models – Harrod, Solow
Basic Reading List

A.C. Chiang – Fundamentals of Mathematical Economics, Mc Graw Hill, New York.
R.G.D Allen. – Mathematics for Economics, Mc Milan Press.
Taro Yamane – Mathematics for Economics – An Elementary Survey Prentice Hall of India,
Pvt. Ltd. New Delhi.
--------------------------------------------------------------------------------------------------------------------------

22
OR
GENERIC/DISCIPLINE CENTRIC ELECTIVE [ECECO401B]:



B. AGRICULTURAL ECONOMICS
Module I: Agriculture and Economic Development
Nature and scope of agricultural and rural economics: Traditional agriculture and its
modernization; Role of agriculture in economic, development; interdependence between
agriculture and industry-some empirical evidence Models of interaction between agro and the
rest of the economy; Agricultural development, poverty and environment.
Module II: Diversification of Rural Economic Activities

Livestock economics- livestock resources and their productivity; Problems of marketing; White
revolution; Fishery and poverty development; Forestry, horticulture and floriculture; Issues and
problems in rural industrialization and development of agro-based industries.
Module III: Economics of Rural Infrastructure

Use of Land, water and energy; rural transport, communication, .banking, extension services,
role, modes and problems of rural electrification; rural social infrastructure- education and health
and information dissemination. ,
Module IV: Agricultural Production and Productivity

Agricultural production resource use and efficiency production function analyses in
agriculture. Factor combination and resources substitution cost and supply curves size of farm
and laws of returns theoretical and empirical findings; Farm budgeting and cost of concepts;
Supply. Response of individual crops and aggregate supply; Resource use efficiency in
traditional agriculture; Technical change, labor absorption and gender issues in agricultural
services.

23
Module V: Land Reforms and Land Policy

Principles of land utilization; Land distribution structure and trends; Land values and rent; Land
tenures and, farming systems- peasant, capitalist, collective and state farming; Tenancy and crop
sharing-forms, incidence and effects; Land reform measures and performance; Women and land
reforms ; Problems of marginal and small farmers.
Module VI: Rural Labor Market

Rural Labour Supply, Interlocking of factor markets; Mobility of labor and segmentation in
labor-markets, marginalisation of rural labor; Nature extend and trends in rural unemployment,
Agricultural wages in India, male-female wage differences, Non-Agricultural rural employment-
trends and determinants.
Module VII: Rural Finance

Role of capital and rural credit; Organized and unorganized capital market; rural savings and
capital formation; Characteristics and sources of rural credit - Institutional and non institutional;
reorganization of rural credit- cooperatives, commercial banks, Regional rural banks, Financial
Inclusion , Role of NABARD.
Module VIII: Agricultural Prices

Marketing and state Policy; Agricultural markets and marketing efficiency; Marketing functions
and costs; Market structure and imperfections regulated marketed and marketable and
marketable surplus Behaviour of agricultural price – Cobweb model, Price and income stability;
State policy with respect to agricultural marketing Warehousing; Prices, Taxation and crop
insurance; Terms of trade between
agriculture and non-agricultural Prices; Need for state intervention; Objectives of agricultural
Price policy; instruments and evaluation; Food security in India and public distribution system.
Module IX: Agriculture and External Sector

International Trade in agricultural commodities; Commodity agreements- Role of World Trade
Organization. Issues in liberalization agreement- of domestic and International trade in
agriculture- 6.4. Nature and feature of agri-business; Role of MNCs.; Globalization of Indian
economy and problems and prospects of Indian Agriculture Impact of World Trade Organization
on Indian Agriculture.
Basic Reading List
Bhaduri, A. (1984), The Economic Structure of Backward Macmillan, Delhi.
Bilgrami, S.A.R. (1996), Agricultural Economics, Himalan Publishing House, Delhi.
Dantwala, M.L.et. al (1991) Indian Agraicuttural Development since independence, Oxford and IBM,
New Delhi.
Government of India (1976), Report on the National Commission on Agriculture, New Delhi.
Government of India, Economic Survey ( Annual) ,New Delh
Gulati, A. and T. Kelly (1999) Trade Liberalization and Indian Agriculture, Oxford University Press,
New Delhi.
Joshi, P.C. (1975) Land Reforms in India, Trends and Prospective, Allied Publishers, Bombay.
Kahlon, A.S. and D.S.Tyagi (1983 ), Agriculture Price Policy India, Allied Publishers, New Delhi. . Rao,
C.H. Hanumantha (1975), Agricultural Growth, Rural Poverty and Environmental Degradation in India,
Oxford University Press, New Delhi. ,
Reserve Bank of India, Report on Currency and Finance (Annual), Mumbai.
Rudra, A.(1982) Indian Agricultural Economics: Myths and Reality, Allied Publishers, New Delhi.
Saini, G.R.( 1979)Farm Size, Resourse Use Efficiency and Income Distribution, Allied Publishers, N. Delhi.
--------------------------------------------------------------------------------------------------------------------------
24
OR
GENERIC/DISCIPLINE CENTRIC ELECTIVE [ECECO401C]:



C. MANAGERIAL ECONOMICS
Module I: Nature and Scope of Managerial Economics
Definition of Economics and Managerial Economics-Nature, Scope, functions, Uses and
Limitations of Managerial Economics.
Module II: Demand Analysis

Meaning-Law of Demand and its determinants- Meaning, types and degrees of elasticity-
Measurement of price elasticity- Meaning- Factors involved in forecasting- Methods of
forecasting- Survey method, graphical method and experimental method-criteria for good
forecasting.
Module III: Production Analysis

Meaning and the managerial use of a production function.- Law of variable proportions- Iso-
quant-properties and the equilibrium .Meaning-Total, Average and Marginal cost( simple
problems to calculate these values) Meaning-Total, Average and Marginal revenue (simple
problems to calculate these values) Meaning-construction of a break even chart (any one with
simple practical application of it)-and the margin of safety.
Module IV: Techniques of Pricing

Full cost pricing- Marginal pricing – Target pricing-Peak load pricing –Going rate pricing-
Cyclical pricing-Customary pricing-Product-line pricing-Skimming pricing-Penetrating pricing-
Pricing of joint product, new product.
Basic Reading List

Joel Dean: Managerial Economics, Prentice Hall of India, 1987.
P.L.Mehta: Managerial Economics-Analysis, problems and causes. Sultan Chand & Sons,1992
R. L. Varshney and K.L. Maheswari: Managerial Economics. Sultan Chand & Sons,1987.
S. Sankaran- Economics Analysis, Margham Publications, Madras,1991.
--------------------------------------------------------------------------------------------------------------------------
25
II. GENERIC/DISCIPLINE CENTRIC ELECTIVE [ECECO402A]:




A. ECONOMETRICS Theory: 60 Lectures; Tutorial:15 Hrs
Module I: Basic Econometrics, Nature, Meaning and scope of econometrics. Methodology of

econometric analysis, the simple linear regression and general linear regression model,
Assumption, Estimation and Properties of OLS Estimates, Gauss Markov Theorem, Concept
and Derivation of R2 and adjusted R2, Concept and analysis of variance approach and its
application inregression analysis.
Module II: Problems in Regression Analysis: Nature, test, consequences and remedial steps of
problems of heteroscedasticity, multicollinearity and auto-correlation, problems of
specification error, Errors of Measurement.
Module III: Regression with Qualitative Independent Variables: Dummy Variable Technique –
Testing Structural Stability of Regression Models comparing to regression, Interaction Effects,
Seasonal Analysis, Piecewise linear regression, Use of dummy variable in regression with
dummy dependent variables, The LPM, Logit, Probit and Tobit models – Application.
Module IV: Dynamic Econometric Model: Auto-regressive and Distributed Log Models – KOYCK
Model, Partial Adjustment Model, Adaptive Expectations, Granger causality Test
Module V: Simultaneous-Equation Models, Simultaneous Equation Bias, The Identification

Problems, A test of simultaneity, Simultaneous equation (Methods of estimation).
Basic Reading List

Koutsoyiannis, A. (1977) : Theory of Econometrics, 2nd Edition, The McMillan Press Ltd. London
Gujarati, D.N. (1995) : Basic Econometrics, 2nd Edition Mc Graw Hill, New Delhi.
Gujarati, D.N., Dawn, C. Porter & Sangeetha Gunasekar. (2012) : Basic Econometrics (5th
Edition) Tata Mc Graw Hill Education Pvt. Ltd., New Delhi.
Amemiya, T. (1985) : Advanced Econometrics, Haward Univ. Press, Cambridge, Mass
Maddala, G.S. (Ed) (1993) : Econometric Methods and Applications (2 Vols) Aldershot, UK.
Krishna, K.L. (Ed) (1997) : Econometric Application in India, Oxford Univ. Press, New Delhi.
---------------------------------------------------------------------------------------------------------------------------
26
OR
GENERIC/DISCIPLINE CENTRIC ELECTIVE [ECECO402B]:



B. DEMOGRAPHY
Module I: Introduction to Demography
Meaning, subject matter and Importance of demography, Source of Demographic date –
Census, Sampling, Registration, Source of Demographic date in India – Census, NFHS,
NSSO, Registration System in India. Trends in composition & Distribution of India
Population – Sex, Age, Religion, Rural, Urban, Occupation. Demographic rate in India –
Fertility, Mortality, Literacy, Poverty
Module II: Measurement of Population Growth

Meaning of Population Growth, Models of Population Growth and Population Projection.
Population Pyramid.
Module III: Factor affecting Population Growth

Fertility -Meaning, Important Concepts – CBR, ASBR, TFR, GRR, NRR; Factor affecting
Fertility., Mortality - Meaning, Important Concepts – CDR, ASDR, IMR, MMR, NMR,
NNMR, CSDR; Factors affective Mortality, Migration - Meaning, Type, Effects and Factors
Promoting Migration. Urbanization - Meaning, Causes and Effects. Neutrality -Meaning,
Important Concepts and determinants
Module IV: Theories of Population

Malthusian Theory, Optimum Theory, Theories of Demographic Transition – Views of
Blackes, Marx & Cowgill, Biological Theories, Socio-Economic Theories.
Module V: Population Growth and Development

Relationship between population growth & economic development, Human development

27
– Meaning, Index and relationship with population growth, Relationship between population
growth and environment degradation, Relationship between population growth & health,
nutrition & productivity.
Module VI: Migration and Urbanization
Concept and types-temporary, internal and international; International migration- its effect on
population growth and pattern; factors affecting migration;-Theories of migration related to
internal migration; Urbanization - growth and distribution of rural-urban population in
developing countries.
Basic Reading List

Agarwala, S.N. (1972), India's Population Problem , Tata McGr Hill Co., Bombay.
Bose, A. (1996), India's Basic Demographic Statistics, B. Publishing Corporation, New Delhi.
Bogue, D.J. (1971), Principles of Demography, John Wiley, N York.
Chenery, H. and T.N.Srinivasan, (Eds) (1989), Handbook Development Economics, Vol. 1 and 2,
Choubey, P.K. (2000), Population Policy in India, Kanish Publication, New Delhi.
Coale, A. J. and E.M. Hoover (1958) Population Growth a Economic Development in Low Income
Countries: A case study of India's prospects, Princeton University Press, Princeton
Gulati, S.C. (1988), Fertility in India; An Econometric Study A Metropolis, Sage Publications, New
Delhi.
---------------------------------------------------------------------------------------------------------------------------

28
OR
GENERIC/DISCIPLINE CENTRIC ELECTIVE [ECECO402C]:



C. ECONOMICS OF LABOR
Module I: Labour Economics and Labour Problems
Meaning and concepts of labour- Definition, nature, scope and importance of labour economics,
Nature of labour problems, labour market segmentation, labour in unorganized sector, child
labour, Industrial Labour Organization (ILO).
Module II: Industrial Labour in India

Meaning and characteristics of Industrial Labour in India, employment in organized sector,
meaning and objective of trade unions, trade union movement in India, Problems and draw backs
of the movement in India – Measures to strengthen the Trade Union Movement in India-
Industrial disputes: meaning and causes and effects of industrial disputes, prevention of
Industrial disputes and the machinery of setting disputes- prevention of Industrial disputes in
India, Labour Legislation in India Indian, Labour Laws and practice in relation to international
standards.
Module III: Agricultural Labour in India

Meaning and characteristics of agricultural labour in India casual labour and attaches labour
and bounded labour, the problems of agricultural labour in India, Government measures to
improve the conditions of agricultural labour, employment in agricultural sector,
marginalization minimum wages, MNREGA.
Module IV: Wages

Wage determination – classical, neoclassical and bargaining theories of wage determination,
wage differentials in India, Asymmetric information and efficiency of labour markets in wage
determination, productivity and wage relationship non wage component of labour
remuneration, types of wages in India, the need for State Regulation of wages, national wages
policy and wage Board in India.
29
Module V: Social Security Measures of Labour in India

The meaning and the need for social security measures in India, present status of social
security in India, social assistant and social insurance review and appraisal of states policies
with respect to social security and labour welfare in India, Social security Legislations in
India, Workmen’s Competition Act, 1923, Employees’ State Insurance Scheme Act, 1948,
Maternity Benefits Act 1961 and the Provident Fund, 1952, Labour Welfare Funds,
Unemployment insurance, Second National Commission of Labour (1999), Dr. Arjun
Sengupta Committee report.
Basic Reading List

B.P. Tyagi (2009), Economics of labour and Social Welfare- Revised Edition, Sage Publication, New
Delhi.
C.S Venkata Rathnam (2001) Globalisation and Labour management Relations, Dynamics of Change,
Sage Publication, New Delhi.
C.B Memoria (1996) Labour Problems and Social Welfare in India, Kitab Mahal, Allahabad
G Dutta (1966) Barganing Power, Wages and Employment: An Analysis of Agricultural Labour
Markets in India, Sage Publication, New Delhi.
R. A Lester (1964) Labour Restructuring in India: A Critique of the New Economics of Labour,
Macmillan, New Delhi.
--------------------------------------------------------------------------------------------------------------------------

30



INDIAN ECONOMICS Theory: 60 Lectures; Tutorial:15 Hrs
Model I : Structure of the Indian Economy

Main sectors of the Economy and subsectors within each main sector – GNP, Sectoral
composition of Income and changes over time at the major sectoral level, the sub-sectoral
level within each major sectors. Concepts of Economic Growth and development,
Appraisal of growth and development status of Indian Economy.
Model II: Population and Human Resources
Conflicting views on role of population growth in development process, Composition of
population in India, Birth and Death rates of population in India, Growth of population,
Demographic transition, Role of education in Economy – Literary levels in India, Role of Health
in Economy, Health Status in India
Model III: Agriculture
Role of Agriculture in the Indian Economy – Land use Pattern, Cropping Pattern, Production and
Productivity of crops – Reasons for the low crop productivity –Resource Poor farmers, small
holdings limited irrigation facilities, limited access to institutional sources of credit, imbalance in
the use of pesticides and fertilizers, limited access to agricultural machinery and marketing pattern.
Model IV: Industry
Role of industrialization in the economy, Importance and problems of large small scale and
medium scale industries in India and their remedial measures. Financial Institutions providing
short term and long term industrial credit. Industrial Policy revolution of 1991.
Model V: Service Sector
Role of service sector in the economy – Banking, Insurance, transport and Communication,
trade, Hotels and Restaurants.
Model VI: External Sector
Structure and Direction of facing Trade Balance of payments. Issues in Export Import Policy &
FEMA Exchange rate policy, Foreign Capital and MNC’s in India, Globalisation of Indian
Economy. W.T.O. and its impact in different sectors of the economy.
Basic Reading List
Mishra & Puri : Indian Economy, Himalaya Publishers, New Delhi, 2008.
Rudra Dutt & Sundaram : Indian Economy, S. Chand Publication Co, New Delhi, 2008
Indian Development Report, Oxford University Press, New Delhi
---------------------------------------------------------------------------------------------------------------------------
31
III. CORE COURSE (PROJECT) [PRECO404]: (Credits: 05)
Marks : 100 (ESE: 3Hrs)=100 Pass Marks =45
Guidelines to Examiners for
Evaluation of project dissertation work may be as per the following guidelines:
Project model (if any) and the Project record notebook = 70 marks
Project presentation and viva-voce = 30 marks
(Jointly conducted by One External & One Internal Examiners)
Overall project dissertation may be evaluated under the following heads:

 Motivation for the choice of topic
 Project dissertation design
 Methodology and Content depth
 Results and Discussion
 Future Scope & References
 Presentation style
 Viva-voce
DISSRERTATION/ PAPER PRESENTATION
 Student alone or in a group of not more than five, shall undertake one Project approved by the
Subject Teacher/H.O.D. of the Department/College concerned. The progress of the Project
shall be monitored by the faculty members at regular intervals.
OR
 Dissertation on ‘Topic Provided’

---------------------------------------------------------------------------------------------------------

32
DISTRIBUTION OF CREDITS FOR P.G. PROGRAMME (SEMESTER-WISE) FOR

POSTGRADUATE ‘P.G. Voc./M.Sc./M.A./M.Com’ PROGRAMME
Table B-1: Semester wise distribution of 80 Credits for Subjects with Practical Papers.
Semester CC FC GE/DC AE Total credits
Semester I 15 05 20
Semester II 20 20
Semester III 15 05 20
Semester IV 5 15 20
55 05 15 05 80
Table B-1: Semester wise distribution of 80 Credits for Subjects without Practical Papers.
Semester CC FC GE/DC AE Total credits
Semester I 15 05 20
Semester II 20 20
Semester III 15 05 20
Semester IV 10 10 20
60 05 10 05 80
CC=Core Course; FC=Foundation Compulsory/Elective Course; GE=Generic Elective; SE=Skill Enhancement Course; DC=Discipline
Centric Elective

33
SAMPLE CALCULATION FOR SGPA & CGPA FOR POSTGRADUATE ‘P.G.

Voc./M.Sc./M.A./M.Com’ PROGRAMME
Table B-2: Sample calculation for SGPA for M.Sc./M.A./M.Com Programme
Course Credit Grade Letter Grade Point Credit Point SGPA

(Credit X Grade) (Credit
Point/Credit)
Semester I
FC 05 A 8 40
C-1 05 B+ 7 35
C-2 05 B 6 30
C-3/CP 05 B 6 30
Total 20 135 6.60 (135/20)
Semester II
C-4 05 B 6 30
C-5 05 C 5 25
C-6 05 B+ 7 35
C-7/CP 05 A+ 9 45
Total 20 135 6.60 (135/20)
Semester III
EC-1 05 A+ 9 45
C-8 05 0 10 50
C-9 05 A 8 40
C-10/CP 05 A 8 40
Total 20 175 8.75 (175/20)
Semester IV
EC-2/EC-2 05 B 6 30
EC-3/EC-3 05 A+ 9 45
C11/EP 05 B 6 30
Project 05 A+ 9 45
Total 20 150 7.50 (150/20)
CGPA
Grand Total 80 595 7.44 (595/80)
Table B-3: Sample calculation for CGPA for P.G. Vocational M.Sc./M.A./M.Com Programme
Semester I Semester II Semester III Semester IV

Credit:20; SGPA:6.60 Credit:20; SGPA: 6.60 Credit:20; SGPA: 8.75 Credit:20; SGPA: 7.50
Thus CGPA= (20x6.60+20x6.60+20x8.75+20x7.50) /80=7.36

34
DISTRIBUTION OF MARKS FOR EXAMINATIONS AND FORMAT OF QUESTION PAPERS
Distribution of Marks for Mid Semester Evaluation:
Table No. 15: Distribution of marks of Theory Examinations of Mid Semester

Group-A Group-B Total No. of
(Very short answer type (Descriptive Questions to Set
Pass
Topic Code Full Marks Time Compulsory Questions) Questions)
Marks Group Group
No. of Questions x Marks = No. of Questions x
A B
F.M. Marks = F.M.
30
Mid
T30* 17 1 Hr 5 x1 =5 3 (out of 5) x5 =15 05 5
Sem*
(20 +5 +5)
*There shall be 20 marks theory examination for mid sem, 05 marks for attendance/
regular interactions & 05 marks for seminar/ assignment/ term paper given by faculty
concerned in classrooms.
Distribution of Marks for End Semester Theory Examinations:

Table No. 16: Marks distribution of Theory Examinations of End Semester
Total No. of
Group-A# Group-B Questions to Set
(Very short answer type (Descriptive
Pass
Topic Code Full Marks Time Compulsory Questions) Questions)
Marks
No. of Questions x Marks No. of Questions x
= F.M. Marks = F.M. Group Group
A# B
T50 50 -- 3 Hrs 2 x5 =10 2 (out of 3) x20 =40 2 3
End
Sem
T70 70 28 3 Hrs Q.No.1 (5x1) + 1x5 =10 4 (out of 6) x15 =60 2 6
# Question No.1 in Group-A carries very short answer type questions of 1 Mark
Note : There may be subdivisions in each question asked in Theory Examinations.

35
FORMAT OF QUESTION PAPER FOR MID SEM EXAMINATION

20 MARKS
Ranchi University, Ranchi

Mid Sem No. Exam Year
Subject/ Code
F.M. =20 Time=1Hr.
General Instructions:
lekU; funsZ”k %
i. Group A carries very short answer type compulsory questions.

([kaM *A* esa vR;ar y?kq mÙkjh; vfuok;Z iz”u gSaA)
ii. Answer 3 out of 5 subjective/ descriptive questions given in Group B.
([kaM *B* ds ik¡p esa ls fdUgha rhu fo‘k;fu‘B@ o.kZukRed iz”uksa ds mÙkj nsaA)
iii. Answer in your own words as far as practicable.
(;FkklaHko vius “kCnksa esas mÙkj nsAa )
iv. Answer all sub parts of a question at one place.
(,d iz”u ds lHkh Hkkxksa ds mÙkj ,d lkFk fy[ksaA)
v. Numbers in right indicate full marks of the question.
(iw.kkZad nk;ha vksj fy[ks x;s gSaA)
Group A
1. ............... [5x1=5]
2. ...............
3. ...............
4. ...............
5. ...............
Group B
6. ............... [5]
7. ............... [5]
8. ............... [5]
9. ............... [5]
10. ............... [5]
Note: There may be subdivisions in each question asked in Theory Examination.

36
FORMAT OF QUESTION PAPER FOR END SEM EXAMINATION

70 MARKS
Ranchi University, Ranchi

End Sem No. Exam Year
Subject/ Code
F.M. =70 P.M.=28 Time=3Hrs.
General Instructions:
i. Group A carries very short answer type compulsory questions.
ii. Answer 4 out of 6 subjective/ descriptive questions given in Group B.
([kaM *B* ds N% esa ls fdUgha pkj fo‘k;fu‘B@ o.kZukRed iz”uksa ds mÙkj nsAa )
iii. Answer in your own words as far as practicable.
(;FkklaHko vius “kCnksa esas mÙkj nsAa )
iv. Answer all sub parts of a question at one place.
(,d iz”u ds lHkh Hkkxksa ds mÙkj ,d lkFk fy[ksaA)
v. Numbers in right indicate full marks of the question.
(iw.kkZad nk;ha vksj fy[ks x;s gSaA)
Group A
1. [5x1=5]
i. ...............
ii. ...............
iii. ...............
iv. ...............
v. ...............
2. ............... [5]
Group B
3. ............... [15]
4. ............... [15]
5. ............... [15]
6. ............... [15]
7. ............... [15]
8. ............... [15]
Note: There may be subdivisions in each question asked in Theory Examination.

37

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CBCS CURRICULUM OF

M.A. ECONOMICS PROGRAMME

FOR POST GRADUATE COURSES UNDER RANCHI UNIVERSITY

Members of Board of Studies for CBCS Syllabus of PG Economics, Under Ranchi

1. Chairman: Dr. Shyamali Banarjee

ii. Dr. G.C. Singh

iii. Prof K.N. Das

iv. Dr. M. Dasgupta

v. Dr. Jyoti Prakash

vi. Dr. Ranjana Srivastava

Session 2018-20 Onwards

DISTRIBUTION OF MARKS FOR EXAMINATIONS

25 Format of Question Paper for Mid Semester Evaluation of Subjects with/ 36

Session 2018-20 Onwards

COURSE STUCTURE FOR M.A. ECONOMICS

I. Foundation Course (FC)

II. Core Course (CC) (CC 1 to 10/11)

III. Elective Course (EC)

B. Discipline Centric Elective (DC/EC 2&3)

OR Theory/Practical/Tutorial* 1Paper + 1 Practical/Dissertation 2X5=10

OR Generic Elective/ Interdisciplinary (GE/EC 2&3)

Table AI-1.1: Course structure for M.A. Programme

Sem-II C-4, C-5, C-6, C-7

Sem-III C-8, C-9, C-10 EC1

Sem-IV C-11, EC2, EC3

For Session 2018-20 onwards

COURSES OF STUDY FOR POSTGRADUATE, M.A., ECONOMICS PROGRAMME

Discipline Centric Elective/

Core, AE/ GE/ DC/ EC & Compulsory FC Courses Examination Structure

Core Course CCECO102 5 Micro Economic Analysis 30 70 ----

Core Course CCECO104 5 Economics of Environment 30 70 ----

Core Course CCECO201 5 Economics of Social Sector 30 70 ----

CCECO202 5 Economics of Imperfect Markets, Theories 30 70 ----

Core Course CCECO204 5 Public Economics 30 70 ----

Core Course CCECO302 5 International Economics 30 70 ----

Core Course CCECO304 5 Economic Growth and Development 30 70 ----

A. Advance Mathematical Economics/

Core Course CCECO403 5 Indian Economics 30 70 ----

Session 2018-20 Onwards

Instruction to Question Setter:

Mid Semester Examination (MSE):

End Semester Examination (ESE):

Note: There may be subdivisions in each question asked in Theory Examinations

ELEMENTARY MATHEMATICAL ECONOMICS

Module II: Differentiation

Module III: Integration

Module IV: Maxima and Minima

Module V: Matrices and Determinants

Module VI: Linear Programming

Basic Reading List

Session 2018-20 Onwards

II. CORE COURSE [CCECO102]: (Credits: Theory-04, Tutorial-01)

Instruction to Question Setter:

End Semester Examination (ESE):

Note: There may be subdivisions in each question asked in Theory Examinations

MICRO ECONOMIC ANALYSIS

Module II: Theory of Production and Cost

III. CORE COURSE [CCECO103]: (Credits: Theory-04, Tutorial-01)

Instruction to Question Setter: