1 NETAJI SUBHAS UNIVERSITY Jamshedpur Syllabus- BA (Economics) Session :- 2018-2021 Paper Semester- I No. of Credits Paper Semester-II No. of Credits ECB-101 Microeconomics-1 4 ECB-201 Microeconomics-2 4 ECB-102 Macroeconomics-1 4 ECB-202 Macroeconomics-2 4 ECB-103 Indian Economy -1 4 ECB-203 Indian Economy -2 4 ECB-104 History of Economic Thought. -1 4 ECB-204 History of Economic Thought. -2 4 ECB-105 Communication Skill-1 4 ECB-205 Communication Skill-2 4 Paper Semester-III No. of Credits Paper Semester-IV No. of Credits ECB-301 Money & Banking 4 ECB-401 Environmental Economics 4 ECB-302 Political Economy 4 ECB-402 Public Finance 4 ECB-303 Statistical Methods 4 ECB-403 Mathematical Economics 4 ECB-304 Labour Economics 4 ECB-404 Agricultural Economics And Demography 4 ECB-305 Computer Basics - I 4 ECB-405 Computer Basics -II 4 Paper Semester-V No. of Credits Paper Semester-VI No. of Credits ECB-501 Economic Development -I 4 ECB-601 Economic Development -II 4 ECB-502 International Economics 4 ECB-602 Applied Economics 4 ECB-503 Industrial Economics 4 ECB-603 Operations Research. 4 ECB- (504 – 508) Elective -1 4 ECB- (604-608) Elective-III 4 ECB- (504- 508) Elective- II 4 ECB- (604-608) Elective-IV 4 Paper Select Any two from the following for Semester V as Elective -1 and Elective - II No. of Credit Paper Select Any two from the following for Semester VI as Elective -III and Elective - IV No. of Credits ECB-504 Advanced Mathematical Economics. 4 ECB-604 Human Resource Managements 4 ECB-505 Economics of Health and Education 4 ECB-605 Financial Institutions 4 ECB-506 Banking & Insurance 4 ECB-606 Jharkhand Economy 4 ECB-507 Comparative Development Experience 4 ECB-607 Advertising and consumer Behaviour 4 ECB-508 Economics of Tourism 4 ECB-608 Hospitality Economics 4
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ECB-504 Advanced Mathematical Economics. 4 ECB-604 Human Resource
Managements
4
ECB-505 Economics of Health and Education 4 ECB-605 Financial Institutions 4
ECB-506 Banking & Insurance
4 ECB-606 Jharkhand Economy 4
ECB-507 Comparative Development Experience 4 ECB-607 Advertising and consumer
Behaviour
4
ECB-508 Economics of Tourism 4 ECB-608 Hospitality Economics 4
2
Semester-I
Course Contents
ECB-101: Microeconomics
Module 1: Exploring the subject matter of Economics
The definitions of Economics: How people make decisions; Working of the economy as a
whole; Thinking Like an Economist: The economist as Scientist – The scientific method:
Observation, Role of assumptions; Economic Models; The economist as a policy advisor; Why economists disagree; Graphs in Economics
Module 2: Supply and Demand: How Markets Work, Markets and Welfare The market forces of demand and supply – Markets and competition; The demand curve –
Market vs individual demand curve; Shifts in demand curve; The supply curve – Market vs
individual supply curve; Shifts in supply curve; Equilibrium between supply and demand and
changes there in; Price elasticity of demand and its determinants; Computing price elasticity of demand; Income and cross elasticity of demand; The price elasticity of supply and its
determinants; Computing price elasticity of supply; Consumer Surplus and Producer Surplus;
Market efficiency and market failure.
Module 3: The Input Markets
The demand for labour – The production function and the marginal product of labour; Value of
the marginal product of labour and demand for labour; Shifts in labour demand curve; The supply of labour – the trade-off between work and leisure; Shifts in the labour supply curve;
Equilibrium in the labour market; Other factors of production: Land and capital; Linkages
among factors of production.
Module 4: The Households
The Budget Constraint; Preferences – representing preferences with indifference curves;
Properties of indifference curves; Two extreme examples of indifference curves; Optimisation – Equilibrium; Change in equilibrium due to changes in income, changes in price; Income and
substitution effect; Derivation of demand curve; Three applications – Demand for giffen goods,
wages and labour supply, Interest rate and household saving.
Module 5: The Firm and Market Structures
Cost concepts; Production and costs; The various measures of cost – Fixed and variable cost, average and marginal cost; Cost curves and their shapes; Costs in the short run and in the long
run; Economies and diseconomies of scale. Firms in competitive markets – What is a
competitive market; Profit maximisation and the competitive firm’s supply curve; The marginal
cost curve and the firm’s supply decision; Firm’s short-run decision to shut down; Firm’s long-run decision to exit or enter a market; The supply curve in a competitive market – short run and
long run; Monopoly - Why monopolies arise and public policy towards monopolies
ECB-102: Macroeconomics-I
3
Module I: Consumption Function
Consumption – Income Relationship, Propensities to Consume and the Fundamental
Psychological Law of Consumption; Implications of Keynesian Consumption Function;
Factors Influencing Consumption Function; Measures to Raise Consumption Function;
Absolute, Relative, Permanent and Life – Cycle Hypotheses
Module II: Investment Function
Autonomous and Induced Investment, Residential Investment and Inventory Investment,
Determinants of Business Fixed Investment, Decision to Invest and MEC, Accelerator
and MEI Theories of Investment.
Module III: Demand for and Supply of Money
Demand for Money – Classical, Neoclassical and Keynesian Approaches, The
Keynesian Liquidity Trap and its Implications, Supply of Money – Classical and
Keynesian Approaches, The Theory of Money Supply Determination and Money
Multiplier, Measures of Money Supply in India
Module IV: Aggregate Demand and Aggregate Supply
Derivation of Aggregate Demand and Aggregate Supply Curves in the IS-LM
Framework; Nature and Shape of IS and LM curves; Interaction of IS and LM curves
and Determination of Employment, Output, Prices and Investment; Changes in IS and
LM curves and their Implications for Equilibrium
Module V: Inflation, Unemployment and Expectations, and Trade Cycles
Inflation – Unemployment Trade off and the Phillips Curve – Short run and Long run
Analysis; Adaptive and Rational Expectations; The Policy Ineffectiveness Debate;
Meaning and Characteristics of Trade Cycles; Hawtrey’s Monetary Theory, Hayek’s
Over-investment Theory and Keynes’ views on Trade Cycles
ECB-103: Indian Economy-1
Module I: Introduction to Indian Economy
Colonialism & British Rule: Exploitation and under-development in India; Basic
features of India Economy; Indian Economy as a developing economy; Demographic
trends in India - Size and growth of population, Occupational structure, Sex
composition, Age structure and demographic dividend; Causes of population growth and
population policy
Module II: Indian Agriculture
Role of agriculture in Indian Economy; Cause of low productivity, Green Revolution
and Land Reforms, Agricultural Finance-Sources and Problems; Agricultural Marketing
in India
Module III: Industrial Development in India
Role of Industrialisation in Indian Economy; Small Scale & Cottage Industries:
Meaning, Role, Problems and Remedies; Industrial Policies of 1948, 1956, 1977
and1991; Problems of Industrial Development in India; Industrial Sickness
Module IV: Service Sector in India
Growth & Contribution to GDP; Composition and relative importance of service sector;
4
Factors determining growth of the sector; ICT and IT – Spread and Policy;
Sustainability of services led growth
Module V: Current Challenges facing Indian Economy
Unemployment – Meaning; important employment Generation programmes,
MGNREGS; Inequality in income distribution-Causes thereof; Government policy to
check its growth
ECB-104-: History of Economic Thought-I
Pre-Classical Schools of Economics: Mercantilism-main characteristics: Thomas Mun,
Physiocracy: Natural Order, Primacy of Agriculture, Social Classes, Tableau Economique,
Taxation
Classical School of Economics Adam Smith Division of Labour, Theory of Value, Capital
Accumulation, Distribution, Views on Trade, Economic Progress, Idea of Laissez faire-
Naturalism and Optimism. David Ricardo Value, Theory of Rent, Distribution, Ideas on
Economic Development and International Trade; Thomas R. Malthus Theory of Population,
Theory of Gluts; J.B. Say & Economic Ideas of J.S. Mill.
Socioeconomic Conceptions: German Historical School, F. List. W. Roscher.G. Schmoller.
Methodological Debate.-M. Weber. Utopian Socialism and T. More, Saint-Simon, Sismondi,
Scientific Socialism-Karl Marx- Dynamics of Social Change, Theory of Value, Surplus Value,
Profit, and Crisis of Capitalism;
Marginalists & Cambridge School: The precursors of marginalism – Cournot, The marginalist
revolution- Jevons, Gossen, Walras, Bohm-Bowerk and Menger, The rate of interest – Wicksteed,
Wicksell and Weiser- Distribution.
ECB-105 :-Communication Skill-1
Unit 1: Basic Grammar and Composition
Unit 2:
Introduction to Communication
Meaning and Definition, Process, Functions, Objectives, Importance,
Unit 3:
Essentials of good communication Communication barriers, overcoming communication barriers.
Unit 4:
Types of Communication
Written, Oral, Face-to-Face, Silence - Merits and limitations of each type
Semester-II
ECB-201: Microeconomics -II
Module I: Firm Supply and Equilibrium
5
Market Environments; Pure competition ; Supply decision of a competitive firm and Exceptions;
Inverse Supply Function; Profits and Producer’s Surplus; Long Run Supply Curve of a Firm;
Long Run Average Costs; Short Run and Long Run Industry Supply; Industry Equilibrium in Short and Long Run; Meaning of Zero Profits; Economic Rent.
Module II: General equilibrium, efficiency and welfare
The Edgeworth Box; Trade; Pareto Efficient Allocations; Existence of equilibrium and efficiency; The Welfare Theorems and their implications; The Firm; Production and the Welfare
Theorems ; Production possibilities, comparative advantage and Pareto efficiency
Module III: Monopoly
Barriers to Entry, Profit Maximization and Output Choice, Monopoly and resource Allocation,
Monopoly, Product Quality and Durability, Price Discrimination, Second Degree Price
Discrimination through Price Schedules, Regulation of Monopoly, Dynamic Vies of Monopoly
Module IV: Oligopoly
Oligopoly – Choosing a strategy; Quantity leadership – Problems of the follower and the leader; Price leadership; Comparing quantity leadership and price leadership; Simultaneous Quantity
Setting; Example of Cournot Equilibrium; Simultaneous Price Setting; Collusion
Module V: Game Theory
The Payoff Matrix of a Game; Nash Equilibrium; Mixed Strategies ;The Prisoner’s Dilemma;
Repeated Games; Enforcing a cartel; Sequential Games; A Game of entry deterrence.
ECB-202 :- MACRO ECONOMICS - II
Module I: Financial Markets and Reforms
Features of Financial Markets, Functions of Financial Markets, Banks and Financial
Markets, Adverse Selection and Moral Hazard, Risk and Supply of Credit, The
Determination of Banks Asset Portfolio, Financial Repression and Major Financial Sector
Reforms in India, Lessons from the Global Financial Crisis and the Policy Response in
India
Module II: Open Economy Macroeconomics
Balance of payments- Concept, Equilibrium and Disequilibrium, Measures to Correct
Disequilibrium, Determination of Foreign Exchange Rate- the PPP Theory and its
Implications, Fixed vs. Flexible Exchange Rates, The Short-run open economy Model, the
basic Mundell-Fleming Model. International Financial Markets
Module III: Modelling Economic Growth
The Basic Harrod- Domar Model, Joan Robinson and the Golden Rule of Capital
Accumulation, The Basic Solow Model, Theory of Endogenous Growth – the Rudimentary
A-K Model
Module IV: Macroeconomic Policy
The Goals of Macroeconomic Policy and of Policy Makers, The Budget and Automatic
Fiscal Stabilisers, The Doctrine of Balanced Budget and Keynesian Objections; Concepts of
Budget, Revenue and Fiscal Deficits, Fiscal Policy: Objectives and Limits to Discretionary
Policy, The Crowding –Out Hypothesis and the Crowding – in Controversy Meaning, Scope
and Objectives of Monetary Policy, Instruments of Monetary Policy, the Transmission
Mechanism of Monetary Policy, Rules vs. Discretion in Monetary Policy, Implications of
Targeting the Interest Rate, Limits to Monetary Policy
Module V: Schools of Macroeconomic Thought and the Fundamentals of
6
Macroeconomic Theory and Policy
Classics, Keynes, Monetarists, New Classicals and New Keynesians: (i) Keynes vs. the
Classics – Aggregate Demand and Aggregate Supply, Underemployment Equilibrium and
Wage Price Flexibility, (ii) Monetarists and Friedman’s Reformulation of Quantity Theory,
Fiscal and Monetary Policy: Monetarists vs. Keynesians, (iii) The New Classical View of
Macroeconomics and the Keynesian Counter critique, (iv) The New Keynesian Economics
with reference to the Basic Features of Real Business Cycle Models, the Sticky Price
Model.
ECB-203:-Indian Economy- II
.
Module I: External Sector in India
Trends, Composition & Direction in exports from and imports of India; Problems of
Balance of Payment: Causes of deficit in BOP & measures to correct it; Trade Policy-
Export Promotion Vs Import Substitution; Foreign Trade Policy of India; WTO and
India
Module II: Financial Markets in India
Commercial Banking in India- Nationalisation of Banks; Lead bank scheme and branch
expansion; RBI - Functions, Monetary Policy; Development Banking- IFCI,IDBI,
SIDBI and NABARD
Module III: Indian Public Finance
Public Expenditure-Growth and Composition, Causes of Growth of Public Expenditure
in India: Tax Revenue of Central and State Governments; Concept of VAT; Deficit
Financing in India- Revenue, Budget, Fiscal and Primary Deficits; Purpose and Effects
of Deficit Financing; India’s Fiscal Policy-Objectives
Module IV: Economic Reforms, Globalisation in India, Foreign Capital and MNCs
Genesis of Reforms, Macroeconomic Stabilisation, Structural Reforms, Appraisal Globalisation and its impact on the Indian Economy; Foreign Capital-Need, Components; MNCs
– Reasons for Growth and Appraisal
Module V: Current Challenges Facing Indian Economy
Inflation – Causes, Consequences and Anti-inflationary Policy; Poverty – Poverty line
and Estimates, Major Poverty Alleviation Programmes; Environmental Degradation –
Growth and Environment; Population Growth and Environment; Environment Policy
ECB-204- History of Economic Thought-II
Alfred Marshall- Marshall as a great synthesizer: Role of time in price determination, Economic
Methods. Organization as a factor of production, Nature of profits, Ideas on Consumer’s Surplus,
Elasticities, Value, Demand and Supply, Representative Firm, External and Internal Economies,
Quasi-rent. Pigou: Welfare economics, Maurice Dobb; Schumpeter: Role of Entrepreneur and
Innovations. Institutionalism Irving Fisher
Keynesian Theory: J. M. Keynes. The General Theory of Employment, Interest and: Keynesian
Revolution, Role of Money in Keynesian System, Post-Keynesians, Neo- Keynesians & New
Keynesians-An Elementary Idea.
7
Ancient Indian Economic Thought- Valluvar: The idea of wealth, factor of production, welfare
state, public health and public finance, poverty & begging. Kautilya: The Idea of Welfare State,
Dadabbhai Naoroji: Theory of Economic Drain, National Income of India, Taxation, The idea of
Poverty
M.G. Ranade: Method & Scope of Political Economy, Economic Backwardness of India,
Opposition to Laissez Faire & Theory of DrainG.K. Gokhale: Economic Ideas-Indian Finance &
Surplus budget, Economic Condition of India, Advocacy –of Policy of Protection and Criticism of
Drain Theory Economic Ideas of Pt. Madan Mohan Malviya
Mahatma Gandhi: Village, Swadeshi, Place of Machine and Labour, Trusteeship, Cottage
Industries; J.K. Mehta: Wantlessness, The idea of Representative Firm, The theory of Interest &
Profit
ECB-205 :-Communication Skill-2
Unit 5-
Oral Communication
Meaning, Nature and scope, Principles of effective oral communication, Techniques of
effective speech, Media of oral communication
The art of listening, Principles of good listening, Listening on the job: Definition, levels and
types of listening, Listening barriers for effective listening
Unit 6:
Business Letters
Need and functions of business letters, Planning & layout of business letter, Kinds of
business letters, Essentials of effective correspondence
Unit 7:-
Drafting of business letters
Enquiries and replies, Placing and fulfilling orders, Complaints and follow-up
Sales letters, Circular letters, Application for employment and resume
Report writing - Notices, Agenda and Minutes of the Meetings - Memos
Unit 8:
Application of Communication Skills
Group Decision-Making , Conflict and Negotiations , Presentation and Interviews , Speeches
- Customer Care/Customers Relations ,Public Relations (Concept, Principles, Do’s and
Don’ts etc. to be studied for each type).
Unit 9:
Non-verbal communication
Definition, Importance, inevitability, Kinetics, Body movements, facial expressions, posture,
Eye Contact, etc
Unit 10:
Communication with outside world
Letter Writing- Types of letters, Report Writing-Types of Reports, Need for writing effective
reports.
8
Semester-III
ECB-301: Money & Banking
Money: Meaning & Functions, Classification, Supply of Money - Approaches to Supply of
Money. High Powered Money and Money Multiplier, Measurement of Supply of Money in India,
Demand for Money- Conventional, Neo-Classical and Keynes’ Approaches,
Value of Money- Cash Transaction Approach, Cash Balance Approach; Keynes’ View on Value
of Money, Inflation, & Deflation- Definition & Types, Causes and Effects of Inflation; Demand-
pull and Cost-push Inflation, Inflationary Gap and Double Inflationary Gap (Bent Hanson;
Inflation and Unemployment-The Phillips Curve-Short run & Long run(Only graphic
9
Presentation) Measures to Control Inflation.
ECB-302: Political Economy
1. Introduction and Historical Overview
Perspective on political economy with a historical overview: capitalist development in the pre-
second world war period, the ‗golden age‘ and later.
2. Changing Dynamics of Capitalist Production, Organisational Form and Labour
Process Fordist and post-fordist production; changing dynamics of organisation of production, markets
and labour process; the changing nature of job security and labour rights.
3. The State in the Era of Globalisation: Welfare, Development and Autonomy Globalisation and the limits of the welfare state, development and state autonomy.
4. The Changing Role of Finance The changing role of finance in capital accumulation and corporate structure; finance and globalisation
- financialisation, financial liberalisation and financial crisis.
5. The Social Dimension Globalisation and uneven development – growth, inequality and exclusion.
6. New Perspectives Gender in work, accumulation and globalisation; issues in environment and
sustainability; alternatives ahead.
ECB-303: Statistical Methods
Unit 1: Introduction to Statistics
1.1: Basic Concepts: Population and Sample, Parameter, Statistic, Primary and Secondary Data. 1.2:
Classification and Tabulation.
1.3: Diagrammatic and Graphical Representation of Data.
Unit 2: Central Tendency and Dispersion
: Measures of Central Tendency: Arithmetic Mean, Median, Mode, Geometric Mean and Harmonic
Mean.
: Measures of Dispersion: Mean Deviation, Quartile Deviation, Standard Deviation, Coefficient of
Variation.
: Measures of Skewness.
Unit 3: Correlation and Regression
: Correlation; Coefficient of Correlation – Karl Pearson and Rank Correlations.
: Regression Analysis: Linear Regression; Interpretation of Regression Coefficients.
Unit 4: Time Series and Index Numbers
10
: Time Series Analysis: Concept; Components; Least Square Method of Determination of Trend.
: Index Numbers: Concept; price relative; quantity relative; weighted index number. 4.3:
Methods of Construction of Index Numbers: Laspeyre, Paasche and Fisher.
4.4: Tests for Adequacy of Index Number.
Unit 5: Probability
: Probability: Concept.
: Rules of Probability: Addition and Multiplication Theorems.
ECB-304: Labour Economics
Module I INTRODUCTION 10Hours
Labour Economics – Concept and definition – Nature, Scope and
Importance – Labour as a unique factor of production – Labour
Economics as a branch of Economics –Interdisciplinary character of
labour Economics.
Module II LABOUR MARKET 10 Hours
Concept of labour Market and its features –difference between Labour
market and Commodity market – Labour market Imperfections and
factors contributing to imperfections –Determinants of the supply and
the demand for labour – Organized and unorganized labour.
Module III EMPLOYMENT 15 Hours
Concept of Employment and Full Employment – Need for Full
Employment –Theories of Employment – Classical, neo – classical and
modern approaches to Employment –Unemployment,causes and
consequences – Technology and Employment –Information technology
revolution and Employment.
Module IV WAGES 10 Hours
Wage Concept and Definitions – Wage and development –Theories of
wages, Classical, Marginal productivity and Collecting
ECB-305 Computer Basics - I
Unit – I Introduction to Computer • History of development of computers
• Computer system concepts
• Characteristics
• Capabilities and limitations
• Generations of computers.
11
• Basic components of a computer system – Control Unit, ALU, I/ O Devices, memory – RAM,
ROM, EPROM, PROM, Flash Memory and other types of memory.
Unit – II Storage Devices
• Storage fundamentals – Primary Vs Secondary
• Data Storage and Retrieval methods – Sequential, Direct and Index Sequential.
• Various Storage Devices – Magnetic Tape, Magnetic Disks, Cartridge Tape, Data Drives, Hard
Disk Drives, Floppy (Winchester Disk), Disks, Optical Disks, CD, VCD, CD-R, CD-RW, Zip
Drive, DVD, SVCD.
Unit – III Computer Software
• Types of Software – System software, Application software, Utility Software, Demoware,
Shareware, Freeware, Firmware, Free Software.
• Operating Systems – Functions, Types – Batch Processing, Single User, Multi User,
Multi- programming, Multi-Tasking.
• Programming languages – Machine, Assembly, High Level, 4 GL. • Data representation in computers.
• Number System of computers – Binary, Octal, Hexa Decimal – Representation & their conversion.
• Coding System – ASCII, BCD, and EBCDIC etc.
• Computer Viruses
ECB-401 Environmental Economics
1. Introduction
What is environmental economics; review of microeconomics and welfare economics.
2. The Theory of Externalities Pareto optimality and market failure in the presence of externalities; property rights and the coase
theorem.
3. The Design and Implementation of Environmental Policy Overview; pigouvian taxes and effluent fees; tradable permits; choice between taxes and quotas under
uncertainty; implementation of environmental policy.
4. International Environmental Problems Trans-boundary environmental problems; economics of climate change; trade and environment.
5. Measuring the Benefits of Environmental Improvements Non-Market values and measurement methods; risk assessment and perception.
6. Sustainable Development Concepts; measurement.
12
ECB-402: Public finance -I
Unit 1: Nature and Scope of Public Finance
: Meaning and Scope of Public Finance.
: Distinction between Private and Public Finance, Public goods and Private goods. 1.3:
Principle of Maximum Social Advantage.
Unit 2: Public Expenditure
: Meaning, Classification and Principle of Public Expenditure. 2.2:
Effects of Public Expenditure on production and distribution.
: Trends in Public Expenditure and Causes of Growth of Public Expenditure in India.
Unit 3: Taxation
: Sources of Public Revenue.
: Taxation: Meaning and Classification of Taxes.
: Principles of Taxation: Benefit and Ability to Pay Approaches. 3.4:
Impact and Incidence of Taxes.
: Taxable Capacity.
: Characteristics of a good Tax System.
: Effects of Taxation on production and distribution.
Unit 4: Public Debt and Financial Administration
4.1: Public Debt: Meaning, Types, Sources and Need. 4.2:
Effects and Burden of Public Debt.
: Methods of Debt Redemption.
: Public Budget: Economic and Functional Classification of Budget. 4.6:
Preparation of Budget in India.
4.7: Centre‐State Financial Relations in India.
ECB-403Mathematical Economics
1. Preliminaries
Sets and set operations; relation; functions and their properties; number systems.
2. Functions of one real variable
Graphs; elementary types of function: quadratic, polynomial, power, exponential, logarithmic;
sequences and series; continuous functions: properties with respect to various operations and
applications; differentiable functions: characterizations, properties with respect to various
operation and applications; second order derivatives: properties and applications. Concept of MR,
13
MC, relationship between Total, Average, Marginal (Rev. & Cost).
3. Exponential and Logarithmic functions and Logarithmic Derivation
Exponential functions, Logarithmic functions, compound interest, Present values and capital
values, derivatives of exponential and Logarithmic functions, Problem of capital and interest,
Elasticity of a function, Elasticity of demand, Cost elasticity and Normal cost conditions.
4 Functions of two and more than two variables
Diagrammatic representation of plane sections of surfaces; Functions of several variable in
economic theory; Production function and iso product curves; Utility function and indifference
Input- output analysis; the simple closed and open model; Simon-Hawkins condition; Linear
Programming – basic concepts, primal and dual, basic theorems of Linear Programming;
graphical method.
ECB-505:- Economics of Health and Education
Unit1:-Role of Health and Education in Human Development Importance in poverty alleviation; Health
and Education outcomes and their relationship with macroeconomic performance
Unit2:-Microeconomic foundations of Health Economics Demand for Health; Uncertainty and Health
Insurance Market; Alternative Insurance Mechanisms; Market Failure and rationale for Public
Intervention; Equity and Inequality
Unit3:-Evaluation of Health Programs Costing, Cost Effectiveness and Cost-Benefit Analysis; Burden
of Disease
Unit4:- Health Sector in India: An Overview Health Outcomes; Health Systems; Health Financing
Unit5:- Education: Investment in Human Capital Rate of Return to Education: Private and Social;
Quality of Education; Signalling or Human Capital; Theories of Discrimination; Gender and Caste
Discrimination in India
Unit 6:-Education Sector in India: An Overview
Literacy Rates, School Participation, School Quality Measures
ECB-506 Banking & Insurance
Nature of Banking Business: Socio, Economic and Legal environment of banking business in
India - Official regulation & control over banks in India.
Central Banking: Monetary Policy of the RBI - Transmission Channels of Monetary policy –
interest rate channel, exchange rate channel and asset price channel.
Commercial banking: Growth of Commercial banking since independence, nationalization of
commercial banks and their performance assessment till 2010.
22
Banking Sector Reforms in India with special reference to Prudential Norms: Capital
Adequacy Norms- Basel Accord 1 and 2; income recognition norms.
Overview of Development Banking in India, Co-operative Banks, Meaning, Structure &
Role, Regulation of Co-operative banks.
Definition of Insurance; Purpose and need of insurance; insurance as a social security tool;
Risk pooling and risk transfer, Social Vs private insurance; Life Vs non-life insurance, Risk
management and insurance in economic development,
Fundamentals of life and health insurance, Mathematical basis of life insurance, Selection and
Classification of risks; Basics of premium construction; Principles of underwriting of life and
health insurance. LIC & other Life Insurance Companies in India
Definition of General Insurance; Types & importance of general insurance, Physical hazard,
Moral hazard; Marketing of general insurance; Technology development and general
insurance. General Insurance business in India-GIC, NIC.
Marine Insurance: Nature and Significance Essentials of Marine Insurance Contracts, Types
of Marine Insurance Policies, Marine Insurance Clauses, Fire Insurance: Nature and
Significance of Fire Insurance, Types of Fire Insurance Policies.
Regulation of insurance; Purpose of government intervention in markets; Theories of
regulation; Insurance business in India and its regulation; The Insurance Act, 1938 (as
amended), Life Insurance Corporation Act, 1956, General Insurance Business
(Nationalisation) Act, 1973, Insurance Regulatory and Development Authority, IRDA Act.
Recent Changes in Insurance business in India
ECB- 507 Comparative Development Experience
1. International comparisons of development 3
Differences in initial conditions of development of less developed countries and present day
developed countries.
Nature of development gap prevailing at present between developed and less developed countries.
2 Genesis of capitalism. 15
Different types of social organization, feudalism, precapitalist societies other than feudalism,
capitalism in the West, development of the Third World
Industrial revolution in Great Britain - Causes – Why Great Britain became the pioneer? – Characteristics – Effects
3 Industrialization Experiences in Early Part of 20th Century. 12
23
3.1 The Great Debate in Soviet Union on the assignment of priority on development of heavy industry
in the process of planned economic development.
3.2. The Great Depression of the 1930’s and recovery – Experiences of USA and Great Britain.
4. Post Second World War Development Scenario 20
Global Change, Welfare state and mixed economy. Post War global institutions: International Monetary Fund, World Bank, United Nations Conference on
Trade and Development.
Trade and Strategies of Development: Infant industry, Import substitution versus export promotion in less developed countries. Illustrations from South Asia, Latin America and East Asia.
Foreign Finance, Investment and Development: Private foreign direct investment and Multinational
Corporations, private portfolio investment, development assistance debate.
5 Development and underdevelopment as historical processes 5
Dependency Approach. Unequal exchange.
6 Evolution of New international economic order. 24
Neo liberalism, Washington consensus, North-South Divide, Recasting of IMF and World
Bank.
Stiglitz Chapters 1, 2 and 3. Stiglitz in Nayyar (ed). General Agreements on Tariff and Trade (GATT) and the Dunkel Draft controversy-World
Trade Organization (WTO). Economic Integration and Regional Trading Blocs.
Global Polarization.
7 Development policies and role of the state Nature of Development planning, Rationale for development planning.
Washington Consensus, New Consensus and the State
8 Some Recent Development Experiences (i) China, (ii) Africa (iii) Argentina.
(223-224). Sen, pp 22-28.
ECB-508 Economics of Tourism
Unit 1: Introduction
Scarcity, Choice and Alternatives Microeconomics – Meaning, Scope and its uses in Tourism Business Macroeconomics – Meaning, Scope and its Significance in Tourism Business Environment