1 The New course structure of M. A. in Economics A. Course content to be developed in five units. B. Books recommended to be listed below the course contents 1 st Semester –Four Core/Compulsory Paper Total Marks : 400 Type of paper Paper’s Name Marks Distribution ESE +CIA Total Marks T.M. 1. Core/Compulsory Paper-ECO- 511 Micro Economic Analysis 70+30 100 2. Core/Compulsory Paper- ECO- 512 Macro Economic Analysis 70+30 100 3. Core/Compulsory Paper- ECO- 513 Fundamental of Statistics 70+30 100 4. Core/Compulsory Paper- ECO- 514 Indian Economic Policy 70+30 100 2 nd Semester –Four Core/Compulsory Paper Total Marks : 400 Type of paper Paper’s Name Marks Distribution ESE +CIA Total Marks T.M. 5. Core/Compulsory Paper-ECO-521 Economic Growth and Development 70+30 100 6. Core/Compulsory Paper-ECO-522 Labour Economics 70+30 100 7. Core/Compulsory Paper-ECO-523 Advance Micro Economics 70+30 100 8. Core/Compulsory Paper- ECO- 524 Public Economics 70+30 100
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1
The New course structure of M. A. in Economics
A. Course content to be developed in five units.
B. Books recommended to be listed below the course contents
1st Semester –Four Core/Compulsory Paper
Total Marks : 400
Type of paper Paper’s Name Marks
Distribution
ESE +CIA
Total Marks
T.M.
1. Core/Compulsory
Paper-ECO- 511
Micro Economic
Analysis
70+30 100
2. Core/Compulsory
Paper- ECO- 512
Macro Economic
Analysis
70+30 100
3. Core/Compulsory
Paper- ECO- 513
Fundamental of
Statistics
70+30 100
4. Core/Compulsory
Paper- ECO- 514
Indian Economic
Policy
70+30 100
2nd
Semester –Four Core/Compulsory Paper
Total Marks : 400
Type of paper Paper’s Name Marks
Distribution
ESE +CIA
Total Marks
T.M.
5. Core/Compulsory
Paper-ECO-521
Economic Growth
and Development
70+30 100
6. Core/Compulsory
Paper-ECO-522
Labour Economics 70+30 100
7. Core/Compulsory
Paper-ECO-523
Advance Micro
Economics
70+30 100
8. Core/Compulsory
Paper- ECO- 524
Public Economics 70+30 100
2
3rd
Semester –Four Core/Compulsory Paper
Total Marks : 400
Type of paper Paper’s Name Marks
Distribution
ESE +CIA
Total Marks
T.M.
9. Core/Compulsory
Paper-ECO-531
Public Finance 70+30 100
10. Core/Compulsory
Paper-ECO-532
International Trade
and Finance
70+30 100
11. Core/Compulsory
Paper-ECO- 533
Economics
Environment
70+30 100
12. Core/Compulsory
Paper - ECO-534
Research
Methodology
70+30 100
4th
Semester – Three Elective
One Compulsory Paper
Total Marks : 400
Type of paper Paper’s Name Marks
Distribution
ESE +CIA
Total Marks
T.M.
13. Elective (A)
Paper-ECO- 541
OR
13. Elective(B)
Paper-ECO- 542
History of Economic
Thought
OR
Quantitative Methods
70+30 100
14. Elective (A)
Paper-ECO- 543
OR
14. Elective(B)
Paper-ECO- 544
Industrial Economics
Mathematical Economics
70+30 100
15. Elective (A)
Paper-ECO- 545
OR
15. Elective(B)
Paper-ECO- 546
Agricultural Economics
OR
Econometrics
70+30 100
16. Compulsory
Project Work
Paper-ECO- 547
Dissertation Paper
Viva-voce
50
50
100
Foundation Course
Course is mandatory, but Grades Points will not be considered as part of SGPA & CGPA
FCC -501 Environmental Studies Passing Marks: 45
FCC-502 Indian Culture
EVALUATION OF PERFORMANCE UNDER SEMESTER SYSTEM
3
1. The performance of a Student in each paper will be assessed on the basis
of Continuous Internal Assessment (CIA) of 30 Marks and the End of
Semester Examination(ESE) consisting of 70 marks.
2. The component of CIA shall be:
(a) Two Mid-semesters Written Test
Of one-hour duration each 15 marks.
(b) Seminar/Quiz 05marks.
(c) Assignment 05 marks.
(d) Regularity, Punctuality & Conduct 05 marks.
3. T
he Concerned teacher of the Course/Paper shall be responsible for
conducting the mid-ther components of the CIA in addition to CIA, the
ESE, which will be written examination of 3 hour duration, would also
from an integral component evaluation.
Examination:
(a) The End- Semester- Examination will be conducted by the university.
The two mid-semester Test will be conducted and marked by the teacher
concerned. The teacher shall show the answer scripts of the first mid-
Semester tests to the students of the class.
(b)The End of Semester Examination (ESE) shall be named as follows:
M.A. Part (I)- I Semester Examination and II Semester Examination
respectively.
(a) M.A. Part (II)- (III) Semester Examination & IV Semester
Examination respectively.
(c) Syllabus for each paper shall be divided into 5 units. Bases on
this, the question paper pattern shall be as follows :-
Total- 30 Marks
4
Part-A Ten objective type Questions 10×2= 20
marks.
( Two Questions form each unit )
( True or False, Multiple each unit )
Matching, Fill Answer Questions
Part- B Five Short Answer Questions 4×5=20
marks
(Four to be answered .Maximum 160 words )
( one Question form each unit )
Part- C Three long answer Question 3×10=30
marks
Out of five to be answered ( maximum 600 words )
( One Question from each unit )
4. The examination of I and III Semesters, shall be generally held in the
month of November-December and that of II Semester, shall be held in
the month on May- June.
5. Every Semester be 15 hours of Faculty 1.5 Hours of Examination ( 100
hours days)
6. In formulating the entire Programme of Studies. Department shall be
guided buy consideration that at the Post Graduate level. Students should
be familiar with all the sub- disciplines, trends and paradigms of the
Subject. Keeping this in view the Department will decided 12 Core
papers in semester I,II and III and electives (optional ) papers in semester
IV.
7. There shall be no supplementary examination in any of the Semester
Courses. ( I,II ,III & IV)
8. Those who have appeared at the CIA and attended the required minimum
Percentage (75%) of attendance of lectures shall be permitted to appears
in the ends Semester Examination.
5
Semester- 1
Paper- Eco 511 : Micro Economic Analysis
Unit-1 :- Nature and scope of Economics :-
Static and Dynamic Economic, Characteristics of
equilibrium- Paritial and General
Unit- II :- Demand Analysis :-
Price Elasticity of Demand, Indifference cureve
Analysis, revealed Preference Theory
Unit-III :- Theory of Production and Cost :- Production
Function- Short Period and Long Period. Law of
variable Proportions, Cobb- Douglas Production
Function, Euler‘s Theorem
Unit-IV :- Price aand Outpur Determination :- Equilbrium of
Firm and Industry under perfect competitin.. Price and
Output determination undr Monopoly. Price
determination under Monopolistic Competition. Price
determination under oligopoly- Price Leadership.
Unit- V :- Alternative theories of the firm :-
Baumol‘s Sales Revenue Maximisation Full Cost Princing Theorem.
Book Recommended :-
J.R.Hicks :- Value and Capital : A Revision of Demand Theory
A. Koutsoyiamis :- Modern Micro Economics
G.Stigler :- Theory of Price
W.J.Baumol :- Economic Theory and operations Analysis
H.L.Ahuja :- Advanced Economics Theory
M.L. Jhingan :- Advanced Economics Theory
S.K.Mishra and V.K.Puri :- Advanced Micro Economic Theory
Dr. A. Agrawal :- Micro Economics
P.N. Chopra :- Advanced Economics Theory
6
Paper- Eco 512 : Macro Economic Analysis
Unit-I :- National Income Accome Accounting, Classical Theory of Income
and Employment.
Unit-II :- Permanent Income Hypothesis Business Cycle- Thesisof Schumpeter
and Hicks. Control of Business Cycle.
Unit-III :-Inflation- Definition, Types and Impact of Impact of Inflation, Philips
Curve Analysis of Inflation Policies of Inflation control.
Unit –IV :- supply of Money- R.B.I . Approach to Money Supply High- Powerd
Money.
Unit – V :- Demand for money- Quantity Theory fo Money- Fisher Equation
Cambridge Version of Quantity Theory of Moey. Friedman‘s quantity Theory
of Money. Post Keynesian Demand for Money-Patinkin‘s theory of The IS-
LM Model
Books Recommended :-
D.Patinkin :- Money, Inteest and Prices
M. Friedman :- Study in the Quantity of Money
Mishra & Sanghi :- Mcaro Economics.
M.L. Jhingan :- Monetary Economics ( Both in English & Hindi )
H.L. Aahuja :- Macro Economic Analysis
S.B. Gupta :- Monetary Economics
D.M. Mithani :- Money, Banking and International Trade
T.N. Hajela :- Money, Banking and Intenational Trade
7
Paper – Eco 513: Fundamentals of Statistics
Unit-I :- Various measures of central tendency – Arhmetic mean,
Median, Model, Geometric Mean.
Unit- II :- Measures of Dispersion – Mean Deviation, Standard
Deviation. Correlation- Karl Pearson‘s coefficiect of
correlation, Rank Correlation.
Unit-III :- Regression
Mothod of constructing Index number, Test of consistency
of Index number
(a) Time Reversal Test.
(b) Factor Reversal Test.
Unit –IV :- Time – series Analysis Interpolation and Extrapolation.
Sampling theory.
Hypothesis testing based on t, x2 and F test
Unit- V :- Theory of probability
Basic concept of Probalility Theory.
Theorem of total Probbility.
Compund and conditional probability.
Book Recommended :-
B.N.Gupta :- Statistics ( Hindi )
Shukla and sahai :- Advanced Statistics.
S.C. Gupta :- Fundamentals of Appliedstatistics.
S.P. Gupta :- Statistical Methods.
S.P.Singh :- Statics- Theory and Practcal ( Hindi)
S.P. Singh and M.P. Gupta :- Business Statistics.
Gupta and Kapoor :- Fundamental Mathematical Statistics.
D.N.Elhance :- Fundamental of statistics.
A.M.Goom, M.K.Gupta and
B.Das Gupta :- Fundamental of statistics.
A.L. Nagar and R.K.Das :- Basic Statistics.
8
Paper – Eco 514 : Indian Economic Policy
Unit-I :- Features of under developed economy.
Role of state in Economic Development.
Objective and strategy of Planning.
Failures and achievements of plans.
Unit- II :- Demographic Features of Indian Population.
Definitin and causes of poverty in India.
Poverty Alleviation programmes in India.
Social Infrastructure.
Unit-III :- Role of Agriculture in Indian Economy.
Land Reforms in India.
Green Revolution.
Agricultureal Marketing.
Unit- IV :- Cottage and small scale Industry.
Sources of Industrial Finance.
Indutrial policy.
Growth and Pattern of Industries.
Unit – V :- Unemployment in India.
Price Rise in India.
Globlization and Indian Economy.
W.T.O. and its impact on different sectors of
Indian economy.
Book Recommended :-
B. Jalan :- The Indian economy : Problems and Prospects
J.C.Sandesara :- Industrial Policy and Planning – 1947-1991.
Mishra & Puri :- Indian Economy
Dutta and Sundaram :- Indian Economy
Uma Kapila :- Indian Economy
A.N. Agrawal :- Indian Economy
Government of India :- Economic Survey
9
Semester - II
Paper – Eco 521 : Economic Growth and Development
Unit – I :- Factors affecting economicgrowth.
Harrod- Domar Model of economic growth.
Mrs. Joan Robinson Model of economic
Growth.
Human development Index ( HDI )
Unit – II :- Meade model of economic growth.
Solow model of economic growht.
Investment critera.
Cost Benefit Analysis.
Unit – III :- Technological progress and economic growht.
Growth model of Kaldor.
Population and Economic Growht.
Mahalnobis Model.
Unit – IV :- Classical theory of Development :-
Adam Smiths; Ricardo; J.S.Mill; Karl Marx;
Unit – V :- Unlimited supply of Labour.
Big push theory of Economic Development.
Balanced and unbalanced growht.
Critical Minimum Effort thesis of Economic growth.
Books Recommended :-
A.P. Thirwal :- Growht and Development.
A.K.Sen :- Economic Growht.
R.M.Solow :- Economic Theory: An exposition; Growth Theory.
W.A.Lewis :- The Theory of Economic Growth.
M.L.Jhingan :- The Economic of Development and planning.
Dr.J.P.Sharma :- Economic of Growth and Development.
10
Paper- Eco 522 : Labour Economics
Unit – I :- Concept, Nature and Scope of Labour Economics
Labour Markets –Nature and characteristics of
Labour markets in developing countries like India.
Mobility and Productivity of Labout. Employment
service organization in India.
Unit – II :- Unemployment – Unemployment concets, types of
unemploymet, Analysis of educated unemployment.
Employment policy in five year plans and its
evaluation.
Unit – III :- Wage Determination :
Theories of wages determinatin- Marginal
Productivity Theory and Modern Theory. Concepts of
minimum wage, living and fair wage in throry and
practice. Productivity and wage relationship. National
wage policy. Bonus system and profit sharing.
Unit – IV :- Industrial Relations :
Theories of Labour Movement Growht.
Achievements of Labour unions. Causes of industrial
disputes and their settlement. Current trends in
collective bargaining.
Unit – V :- State and Labour-
Concept of social security. Special problem of labour-
child Labour, female labour, second National
commission o Labour. Globalisation and Labour
Markets.
Books Recommended :-
Dr. P.N. Bhogliwal :- Labour Economics and Industrial Relations.
(English & Hindi )
S.C. Saxena :- Labour Problems And Social Securities (Hindi)
R.C.Saxena :- Labour Problems And Social securities.
P.K. Gupta :- Labour Economics (Hindi)
V.C. Sinha :- Labour Economics (Hindi)
11
Paper – Eco 523 : Advanced Micro Economics
Unit – I :- National Income and its measurement. Alternative
Distribotion Theorics ( Macro theories of distribution ) –
Rrcardian, Marxian, Kaldor.
Unit -II :-Marginal productivity theory of wages. Modern theory of
wages. Modern theory of Clark Profit theory of knight.
Unit- III :- Pigovian welfare Economics. Compensation Principle.
Social welfare function. Parato‘s Optimal conditin.
Unit – IV :-Exhaustin theorem , Arrow‘s impossibility theorem. Hicks-
Hansen theory of Interest. Maximisatin of social welfare.
Unit – V :- Economics of Risk and uncertainty. Theory of Seaven.