SPICER ADVENTIST UNIVERSITYspiceradventistuniversity.com/index/wp-content/uploads/2017/06/... · b. Features, Price and output determination under Monopoly market c. Price discrimination

1

SPICER ADVENTIST UNIVERSITY

AUNDH POST – 411 067

PUNE, MAHARASHTRA

INDIA

COURSE STRUCTURE

&

SYLLABI

DEPARTMENT OF ECONOMICS

(Under Arts and Social Sciences faculty)

BATCH

2016 – 2017 to 2018 - 2019

2

SPICER ADVENTIST UNIVERSITY Department of Economics (2016/17 – 2018/19)

COURSE STRUCTURE SEMESTER I

Sl # Course code Course Title L P Cr. Instr.

FOUNDATION

1 MLPR 111 Moral Principles 3 3

2 ENGL 111 Compulsory English 3 3

CORE COURSES

1 ECON 111 Principles of Micro Economics 4 4

2 ECON 112 Indian Econ. Problems and prospects I 4 4

DISCIPLINE ELECTIVE (Any One course from the courses listed below)

1 ECON 113 Moral Value Principles of Economics 3 3

GENERIC ELECTIVE (Not for Department student)

1 ECON 114 Economics of Health and Education 3 3

20

SEMESTER II

Sl# Course code Course Title L P Cr. Instr.

FOUNDATION

1 VLED 122 Value Education 3 3

2 ENGL 122 Functional English 3 3

CORE COURSES

1 ECON 121 Principles of Macro Economics 4 4

2 ECON 122 Indian Econ. Problems and prospects II 4 4

DISCIPLINE ELECTIVE (Any One course from the courses listed below

1 ECON 123 Maharashtra Economy 3 3


1 ECON 124 Public Economics & Externalities 3 3

20 SEMESTER III


FOUNDATION

1 INCT 231 Information & Communication Tech. 2 1 3

CORE COURSES

1 ECON 231 Comparative Economic systems 4 4

2 ECON 232 Public Finance 4 4

3 ECON 233 Co-operative Societies 3 3


1 ECON 234 Economics of Planning 3 3


1 ECON 235 Demographic Studies 3 3

20

3

SEMESTER IV

SEMESTER V


FOUNDATION 1 ENVA 351 Environmental Awareness 3 3

CORE COURSES

1 ECON 351 History of Economic thoughts 4 4

2 ECON 352 Economics of Growth and Development 4 4

3 ECON 353 Statistical Methods in Economics 3 3

SEMESTER VI


FOUNDATION 1 LSSL 362 21

st Century Life skills and Service learning 1 2 3

CORE COURSES

1 ECON 361 International Economics 4 4

2 ECON 362 Environmental Economics 4 4

3 ECON 363 Project 3 3

F = Foundation courses = 24 C = Core course = 60 Elt. = Elective Courses = 36

Foundations: 6 + 6 + 3 + 3 + 3 + 3 = 24 20%

Core Courses: 8+8+11+11+11+11 = 60 50%

Electives: 6+6+6+6+6+6 = 36 30%

Grand Total = 120 100%


FOUNDATION

1 HLWL 242 Health and Wellness 3 3

CORE COURSES

1 ECON 241 Money & Banking 4 4

2 ECON 242 Agriculture Economics 4 4

3 ECON 243 Research Methods in Economics 3 3


1 ECON 244 Rural Economy & Development 3 3

GENERIC ELECTIVE

(Not for Department student)

1 ECON 245 Developing & Emerging Markets 3 3

20


1 ECON 354 Economic policies of India since 1991 3 3

GENERIC ELECTIVE


1 ECON 355 Labor Economics 3 3

20


1 ECON 364 Industrial Economics 3 3

GENERIC ELECTIVE:


1 ECON 365 Trade blocs and WTO 3 3

20

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1. Attendance: Any student with less than 75% will be denied the Semester end examination.

2. Internal Assessment: It is a continuous assessment of the student through the following

Criteria:

a. Internal Examination & Class Tests 10

b. Assignments 10

Total 20

3. Semester Examination:

a. The Semester examinations shall be of 3 Hours duration.

b. Question Paper Pattern (80 Marks):‐

I. 30 Marks of - T/F, MCQ, Matching, one sentence answer (Very short answers)

II. 5 Questions to be answered - 4 marks each (Short answers).

III. 2 Questions to be answered - 15 marks each (Essay answers)

1. PASSING STANDARD

The learners to pass a course shall have to obtain a minimum of 40% marks in aggregate for each

course where the course consists of Internal Assessment & Semester End Examination. The

learners shall obtain minimum of 40% marks (i.e. 08 out of 20) in the Internal Assessment and

40% marks in Semester End Examination (i.e. 32 Out of 80) separately, to pass the course and

minimum of Grade E/praxis in each project, wherever applicable, to pass a particular semester. A

learner will be said to have passed the course if the learner passes the Internal Assessment &

Semester End Examination together.

2. PERFROMANCE GRADING:

The PERFORMANCE GRADING of the learners shall be on the SEVEN point ranking system as under:

Grade Marks Grade Points

O 70 & above 7

A 60 to 69.99 6

B 55 to 59.99 5

C 50 to 54.99 4

D 45 to 49.99 3

E 40 to 44.99 2

F (Fail) 39.99 below 0

The performance grading shall be based on the aggregate performance of Internal Assessment and

Semester End Examination but shall be declared “Failed” if the student has failed either Internal or

Semester Exam or both.

3. Expectation from the student:

a. Regular attendance and willing to learn and be innovative.

b. Turn in the assigned assignments on time.

c. Active and constructive participation in learning and sharing knowledge

d. Maintaining the decorum of the classroom environment (behavior, dress, words

etc.)

e. Be respectful to all.

4. Duties of the Professor:

a. Be prepared, impartial, punctual and responsible in all responsibilities assigned.

b. Be helpful, understanding, resourceful and receptive

c. Impart Knowledge and Develop noble character

d. Be an example.

e. Guide the students to be educated.

5

ECON – 111 (PRINCIPLES OF MICROECONOMICS)

Objectives: To learn and understand the basic economic problems, consumer behavior and producer

behavior in order to effectively and efficiently utilize the limited resources to meet the unlimited wants.

1. UNIT – I: INTRODUCTION:

a. Basic economic problems and concepts

b. Nature and scope of Micro economics

2. UNIT – 2: CONSUMER BEHAVIOUR:

a. Law of Diminishing Marginal Utility

b. Demand:

i. Factors determining demand

ii. Law of Demand

iii. Elasticity of demand

c. Indifference curve Analysis

d. Consumer surplus

3. UNIT – 3: PRODUCER BEHAVIOUR

a. Law of Supply

b. Costs:

i. Types of costs

ii. Short run costs curve

iii. Long run costs curves

4. UNIT – 4: PRODUCTION AND PRODUCT MARKET

a. Factors of production

b. Production function

c. Law of variable proportion

d. Law of returns

e. Equilibrium of a firm

5. UNIT – 5: MARKETS

a. Features, Price and output determination under perfectly competitive market

b. Features, Price and output determination under Monopoly market

c. Price discrimination

d. Features, Price and output determination under Monopolistic market

e. Features, Kinky demand curve in Oligopoly market

6. UNIT – 6: FACTOR MARKET:

a. Marginal productivity Theory

b. Rent: Ricardian Theory

c. Wages:

i. Minimum wage

ii. Wage and Labor supply

iii. Collective bargaining

d. Interest: Liquidity Preference theory

e. Profit: Risk-uncertainty theory

Textbook: M.L. Jhingan. Micro Economic Theory. Vrinda Publications Pvt. Ltd. 2011

Reference: H.L Ahuja, Micro Economics, S. Chand & Co. Ltd, 2010

Samuelson P.A. and W.D. Nordhaus. Economics. Tata Mcgraw Hill.

New-Delhi. 2009

Lipsey P.G and K.A Chrysla, Principle of Economics. Oxford University Press,

New-Delhi. 1999

6

ECON –112: INDIAN ECONOMY – PROBLEMS AND

PROSPECTS (PART – I)

Objectives: To learn and understand the problems and prospects of Indian economy, examining the

history and the various important sectors and issues unique and related to the Indian economy

UNIT – I: Colonialism and the Indian economy

UNIT – II: Nature of the Indian economy

UNIT – III: Agricultural sector:

a. Role and importance of agriculture

b. Farm Size and productivity

c. Green Revolution

d. Land reforms

e. Problems and challenges in Indian Agriculture

f. Rural credit

g. Agricultural labor

h. Irrigation and Agricultural Inputs

UNIT – IV: Poverty and Unemployment

a. Poverty:

i. Concepts and measurement issues

ii. Causes and Remedies

b. Unemployment:

i. Nature and types of unemployment

ii. Causes and measures

UNIT – V: Population

a. Demographic transition theory

b. Causes of high population

c. Remedies and measures to control population growth rate

UNIT – VI: Issues of Urbanisation, Industrialization and Pollution

Textbook:

Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house, New-

Delhi.

Reference:

Ahluwalia I.J and I.M.D. Little, Indian economic reforms and Development: Essays in

honor of Manmahon Singh, Oxfort University Press. New – Delhi. 2012

B.R. Tomlinson. The Economy of India from 1860 to the twenty first century.

Cambridge University press. 2013

Jalan Bimal, The Indian economy, Vikings, New-Delhi. 1992

Jalan Bimal, The Indian economy, Penquin, New-Delhi. 2004

Tandon B.B and Tandon K.K. Indian economy. TaTa Mcgraw hill, New-Delhi, 1997

7

ECON – 113 MORAL VALUE PRINCIPLES OF ECONOMIC

Objectives: To learn and understand the values of life from the eye of an economist through the

application of various economic principles, concepts and applications

1. UNIT – I: Origin of resources

a. Theories of origin

b. Resources

i. Natural

ii. Human

2. UNIT – 2: Labour and Labour dignity

a. Nature of labor and labourer

b. Exploitation

c. Dignity of Labor

3. UNIT – 3: Money

a. Accumulation and distribution of wealth

b. Saving and investment

c. Philanthropist

4. UNIT – 4: Role of employers and employees

a. Role and responsibilities of employers

b. Role and responsibilities of employees

5. UNIT – 5: Environmental responsibilities

a. Importance of ecological balance

b. Pollution

6. UNIT – 6: Government and Society

a. Responsibilities towards the government

b. Responsibilities towards the society

Reference:

1. The Holy Scriptures: (The Bible, The Quran, The Vedas, Agam Sutras, Tripitaka, Sri-

Gur Granth Sahib)

2. Chhina S.S. Child labor. Regal Pub. 2009

3. D.C. Nannunda. Child labor and Human rights. Kalpaz Pub. 2008

4. Dubey Anand K. Social justice and bonded labor in India. Printwell Pub. Jaipur

5. Kamble N.D. Bonded labor in India. Uppal Publishing house. New Delhi. 1982

8

ECON – 114: ECONOMICS OF HEALTH AND EDUCATION

Objectives: To educate a student on the costs and benefits of health and education in the economic

aspect of life. It will examine the health and education sectors of the Indian economy in detail.

UNIT – I: Human Development Index

UNIT – II: Role of Health and Education in HDI

A. Demand for health and education

B. Importance and significance of health and education

C. Health insurance market

UNIT – III: Health Economics & Sector:

A. Health industry

B. Heath insurance market

C. Health policies

D. Burden of disease: AIDS, TB, Drug abuse and Alcoholism, Malaria, Malnutrition

UNIT – IV: Education economics & Sector:

A. History of education system in India

B. Education industry

C. Education policies

D. Burden and return of education

E. Trend of Literacy and education industry growth

UNIT – V: PROJECT

Textbook:


Delhi.

References:

Ronald G., Ehrenberg and Robert S., Smith, Modern Labor Economics: Theory and

Public Policy, Addison Wesley, 2005

William, Jack, Principles of Health Economics for Developing Countries, World Bank

Institute Development Studies, 1999.

World Development Report, Investing in Health, The World Bank, 1993.

9

ECON – 121- PRINCIPLES OF MACRO – ECONOMICS

Objectives: To learn and understand the principles and concepts in the Macro economy. It helps the

student to comprehend the larger picture of the economy to which each individual is a part. It studies

the economy as a whole rather than an individual and its impact on the individual.

1. UNIT – 1: Nature, Scope and Subject matter of Macro-Economics

2. UNIT – 2: National Income:

a. Meaning

b. Circular flow

c. Concepts and Measurements

d. Problems in Measurement of National Income

3. UNIT – 3: Keynesian Theory of Employment

a. Effective demand

i. The Consumption Function

ii. The Investment Function

b. Savings:

i. Factors determining Saving

ii. Paradox of Thrift

c. Principles of Multiplier effect

d. Principle of Acceleration

4. UNIT – 4: Business/Trade Cycle

a. Phases of trade cycle

b. Causes of trade cycle

c. Measures and Anti-cyclical policies

5. UNIT – 5: Money:

a. Functions

b. Value of Money

6. UNIT – 6: Inflation and Deflation

a. Causes

b. Measures

7. UNIT – 7: Banking:

a. Central Bank

b. Commercial Bank

c. Credit creation

d. Common/International currency

Textbook:

Mithani D.M. Macro – Economics, Himalaya Publishing House, Mumbai. 2015

References:

Dornbusch Rudiger. Macro Economics, Tata McGraw-Hill. 2013

Mahajan Mukund. Business economics (Macro), Nirali Prakashan. 2011

M.L Jhingan. Macro Economics, Vrinda Pub. Pvt.Ltd. 2014.

Shapiro Edward. Macroeconomics Analysis, Galgotia, 2007

10

ECON 122: INDIAN ECONOMIC: PROBLEMS AND

PROSPECTS - II

Objectives: To learn and understand the problems and prospects of Indian economy, examining the

history and the various important sectors and issues unique and related to the Indian economy

UNIT – I: National Income of India

National Income Estimates in India

Trends in National Income – Growth and Structure

Limitations of National Income Estimation in India

UNIT – II: Natural Resources, Economics Development and Environmental Degradation

Natural resources in the process of economic development

Land Resources, Forest Resources, Water Resources

Mineral Resources and Mineral Policy

Economic Development and Environment Degradation

UNIT – III: Infrastructure in the Indian Economy

Infrastructure and Economic Development

Energy

Power

Transport System in India’s Economic Development:

Growth of Indian Railway, Road Transport System in India

Water Transport in India, Civil Aviation in India

Urban Infrastructure

Science and Technology, and Information Technology

Private Investment in Infrastructure: Outlook and prospects.

UNIT – V: Food Security in India

Concept of food security

Food self-sufficiency and food security in India

Public distribution system and its impact on poverty

UNIT – VI: Industrial Pattern and the Plans

The Role and importance of Industrialisation

Large-scale Industries

Small-scale Industries

Industrial policy of 1991

Textbook:


Delhi.

Reference:

Ahluwalia I.J and I.M.D. Little, Indian economic reforms and Development: Essays in

honor of Manmahon Singh, Oxfort University Press. New – Delhi. 2012





Rangarajan. Indian Economy: Essays on money & Finance, South Asia books, 1998

Tandon B.B and Tandon K.K. Indian economy. TaTa Mcgraw hill, New-Delhi, 1997

11

ECON – 123: MAHARASHTRA ECONOMY

Objectives: To learn and understand the role and significance of Maharashtra economy in the Indian

economy and also the problems and challenges in Maharashtra in particular.

Unit – I: Economic History of Maharashtra

Unit – II: Agriculture

Land ownership size and reforms

Irrigation

Challenges and prospects of Agriculture in the state

Special emphasis on:

Sugarcane, cotton, Horticulture

Unit – III: Industry

Sugar Industry

Textile Industry

Industrial policies of the state

Prospects and challenges

Unit – IV: Service & Trade

Maharashtra in domestic trade

Global trade

Infrastructural facilities in the state

Unit – V: Population

Trends of Population growth

Migration

Textbook:

R. Sthanu Moorthy. Maharashtra Economy; performance, opportunities and challenges.

2007

Reference books:

Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing

house, New-Delhi. 2014

Maharashtra Development Report. Planning commission of India, Academic

foundations.

Tandon B. B and Tandon K. K. Indian economy. TaTa Mcgraw hill, New

Delhi, 1997

12

ECON – 124: PUBLIC ECONOMIES & EXTERNALITIES

Objectives: To understand the role and significance of the public sector in a developing economy and

also the examine the importance of public externalities in the economic life of the individuals.

Unit – I: Introduction

Unit – II: Public enterprises and Public Utilities

a. Role of public enterprises in India

b. Problems of Public enterprises in the 21st century

Unit – III: Role of the Government in a Developing economy: India

Pre-Independence

Post Independence

Post Economic reforms

Federal state:

Role of the Central Government

Role of the State Government

Role of the Local self government

Unit – IV: Welfare economy

Reference books:

o B.P. Tyagi. Public Finance, Jay Prakash Nath & Co. 2015

o Prakash Chander, C. Knox Lovell, Henry Tulkens. Public goods, Environmental

externalities and fiscal competition: selected paper on competition, efficiency

and co-operation in public economics, Henry Tulken Pub. 2006.

o Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house,

New-Delhi. 2014

o R.K. Lekhi & Joginder Singh. Public Finance. Kalyani Publishers.

Ludhiana,2015

o Tandon B. B and Tandon K. K. Indian economy. TaTa Mcgraw hill, New Delhi,

1997

13

ECON – 231 COMPARATIVE ECONOMIC SYSTEMS Objectives: To learn and understand the different economic systems adopted by different economies in

the world. It will also examine the historical background of the system. To examine their relevance in

the context of the 21st century.

I. UNIT – I: Introduction

a. Definition

b. Modes of Production

c. Role of the state Government

d. Institution of Money and Property

e. Barter System and Monetary Economic system

II. UNIT – II: The Physiocracy and Mercantilist Economic systems

a. Introduction

b. Europe and its expansionism

c. Industrial Revolution

III. UNIT – III: Capitalism

a. Introduction

b. Characteristics

c. USA, UK, JAPAN

IV. UNIT – IV: Socialism

a. Introduction

b. Characteristics

c. Karl Marx

d. USSR, CHINA

V. UNIT – V: Mixed Economy

a. Introduction

b. Characteristics

c. INDIA

VI. UNIT – VI: India and China: A Comparative study

Textbook:

S.S.M. Desai & Nirmal D. Bhalerao. Economic systems. Himalaya Publishing House.

Mumbai, 2008

Reference:

Gottlieb Manuel. Comparative Economic Systems, Iowastate University Press,

Ames, IOWA, 1988.

H. Stephen Gardner, Comparative Economic systems (2nd

Ed), South Western

College Pub. 1997

J. Barkley Rosser Jr. & Marina V. Rosser. Comparative economics in a

transforming world economy. The MIT press. 2003.

Paul R. Gregory & Robert C. Stuart. Comparing economic system in the twenty

first century. South-western college pub. 2003

14

ECON – 232 PUBLIC FINANCE Objectives: To learn and understand the financial policies of the government at various levels and its

effects and impacts on the economy especially to a developing economy.

UNIT – I: Nature and scope of Public Finance 1. Definition of Public Finance

2. Comparative study of Public and Private Finance

3. Maximum Social Advantage theory

UNIT – II: Public Revenue

1. Definition

2. Sources of Public Revenue

3. Tax:

a. Definition and concepts

b. Canons of Tax

c. Types of Tax

d. Effects of Tax

e. Importance of tax

UNIT – III: Public Expenditure

1. Definition

2. Heads of Expenditure

3. Canons of Public Expenditure

4. Effects and importance of Public expenditure

UNIT – IV: Public Debt

1. Definition

2. Sources and forms of public debt

3. Importance of Public debt for a developing economy

4. Methods of redemption

UNIT – VI: Deficit financing & Federal Finance

Textbook:

Jhingan M.L. Money, banking, International trade and Public Finance. Vrinda

Publication, 2014.

Reference:

B.P. Tyagi. Public Finance, Jay Prakash Nath & Co, 2015.

Mithani D.M. Money, banking, International trade and Public Finance,

Himalaya Publishing house, Mumbai, 2010

S.K. Singh. Public Finance, S. Chand & Company Pvt. Ltd. Delhi, 2014

Vaish C. Public Finance, RBSA Publishers, 1985.

15

ECON – 233: CO-OPERATIVE SOCIETIES

Objectives: To learn and understand the history, role and importance of Co-operative societies in a

developing economy. It will also examine the problems and prospects

of the various co-operative societies in Indian economy.


Definition, nature, History, scope

Role and importance

Problems and prospects

Unit – II: Co-operative societies

Types of Co-operative society

Prospects and challenges

Role and relevance to the Indian economy in the 21st century

Unit – III: Co-operative credit societies

Characteristics and classifications

Importance and impact of credit societies

Comparative study with other financial institutions

Problems and prospects

Unit – IV: Co-perative marketing societies

The need for co-operative marketing

The importance of co-operative marketing

Challenges and prospects

Textbook:

T.N. Hajela. Co-operation; Principles, problems and practices. Ane books pvt. Ltd.

2016

References:

o G.R. Madan. Co-operative movement in India. Mittal Publications, 2007

o S.K. Dutta. Co-operative societies and rural development, Mittal Publication.

New-Delhi, 1991

o Tripathy S.N. Co-operatives: its growth and new dimensions. Discovery pub.

Group. 2000

16

ECON – 234: ECONOMICS OF PLANNING

Objectives: To examine and understanding this important content of the economic system adopted by

independent India. To understand the importance, success and challenges and its relevance in the

dynamic 21st century.

Unit – I: introduction

Unit – II: Types of economic planning

Unit –III: Economic planning in India

Federal finance

Mixed economy

Role and significance of planning commission

Unit – IV: poverty and unemployment

a. Poverty:

a. Causes of poverty

b. Remedial measures to eradicate poverty

b. Unemployment:

a. Types of unemployment

b. Causes of unemployment

c. Remedial measure to reduce unemployment

c. Vicious cycle of poverty and unemployment

Unit – V: Five year plans of India

a. Strategies and models

b. 10th

, 11th

and 12th

Five year plans

c. Achievements and failures

Unit – VI: Role of Economic planning in the 21st Century

Textbook:

R.C. Agarwal. Economics of Development and Planning. Laxmi Narain Agarwal,

Agra. 2002

Reference books:

o Ahluwalia I.J and I.M.D. Little, Indian economic reforms and Development:

Essays in honor of Manmahon Singh, Oxfort University Press. New – Delhi.

2012

o M.L. Jhingan. The Economic of Development and Planning, Vrinda Publications

(P) Ltd. Delhi. 2014


New-Delhi. 2014

o Tandon B.B and Tandon K.K. Indian economy. TaTa Mcgraw hill, New-Delh,

1997

17

ECON – 235: DEMOGRAPHIC STUDIES

Objectives: To learn and understand the role and challenges of population in the Indian economy. It

will examine the causes of population explosion, and study the population policies adopted and

impleted and its success and failures.


Unit – II: Malthusian theory

Demographic transition

Malthusian theory and criticism

Unit – III: Population explosion in India

Population growth trends

Causes of population explosion in India

Remedial measures to control Population

Unit – IV: Population and Economic development

Composition of population and development

Small population and development

Large population and development

Unit – V: Government policies to control population

Objectives of National Population policy

Family planning policy

Population policies since 2000

The role of the Ministry of Health and family welfare

Reference:

o Alison Bashford. Global population: History, Geopolitics, and life on earth.

Columbia University press. 2016.

o Heinrich Hartmann & Corinna R. Unger. A world of populaltions: transnational

perspectives on demography in the twentieth century. 2016

o Malthus Thomas Robert. An essay on the principle of population. Amazon.in

2012


New-Delhi. 2014

o Tandon B. B and Tandon K. K. Indian economy. TaTa Mcgraw hill, New Delhi

1997

18

ECON – 241: MONEY AND BANKING

Objectives: To teach and learn the monetary market in a monetary economy. It will examine the

history of money and understand the functions of money. It will also examine the role and functions

of various domestic and international monetary bodies


a. Evolution

b. Nature and Functions

Unit – II: Nature and functions of:

a. Central Bank

b. Commercial Banks

c. Indigenous or Non-organised money market

Unit – III: Unit – V: International Financial institutions:

a. International Monetary Fund

b. World Bank

c. BRICS Bank

Unit – IV: Indian Capital and Money market

History of Indian Rupee

Monetary policies

Value of Rupee and Demonetization

Unit – V: Banking and Technology

Internet banking

Digital banking

Cashless society

Textbook:

M.L. Jhingan. Monetary Economics, Vrinda Publications (P) Ltd. Delhi. 2014

Reference books:

D.M. Mithani. Money, Banking, International trade & Public Finance,

Himalaya Publishing House, Mumbai, 1988

M.C. Vaish & Sudama Singh. International economics, Oxford & IBH

publishing co. Pvt. Ltd. New – Delhi, 2012

Rangarajan. Indian Economy: Essays on money & Finance, South Asia books,

1998

S. Natarajan & R. Parameshwaran. Indian Banking, S. Chand & Company Pvt.

Ltd. New-Delhi, 2015.

Thomas D. Simpson. Financial markets, banking and monetary policy. Wiley

Pub. 2014

19

ECON – 242: AGRICULTURE ECONOMICS Objectives: To study the role and significance of the primary sector in an economy especially in a

developing economy. It will also examine the prospects and challenges and policies of the agricultural

sector in India.

UNIT – I: Agriculture Economics: Nature & Scope

Unit – II: Agriculture & Economic Development

Unit – III: Problems of Indian Agriculture

a. Farm size and land holding

b. Land utilization & Production

c. Soil erosion & Irrigation

d. Agricultural marketing

e. Rural indebtedness

f. Labor & Unemployment

Unt – IV: Revolution & New Agricultural strategy

Land reforms

Size of land holdings and productivity

Green revolutions

White revolutions

Unit – V: Programs for Agricultural Development

Intensive Agricultural Area Program (LAAP)

Intensive Agricultural district program (IADP)

MNREGS

Textbooks

B.P. Tyagi. Agriculture Economics and Rural Development, Jai Prakash Nath & Co,

Meerut, 2013

R.K Lekhi & Joginder Singh. Agriculture economics: An Indian Perspective, Kalyani

Publishers, Ludhiana, 2013

Reference Books:

Ahluwalia I.J and I.M.D. Little, Indian economic reforms and Development:


2012





Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house,

New-Delhi. 2012

Tandon B.B and Tandon K.K. Indian economy. TaTa Mcgraw hill, New-Delhi,

1997

20

ECON 243: RESEARCH METHODS IN ECONOMICS

Objectives: To educate the students on the important basics of doing a research in social science with

special reference to Economics.


Unit – II: Types & Methods of Research

Unit – III: Research design

Unit – IV: Data collection & Analysis

Unit – V: Report Writing

Textbook:

Manas Dasgupta. Research Methodology in Economics. Deep & Deep pub. 2007.

O.R. Khrishnaswami & M. Ranganathan. Methodology of research in social science,

Himalaya publishing house, Mumbai, 2010

Reference:

o Bill Taylor, Gautam Sinha, Taposh Ghoshal. Research Methodology: Guide for

researchers in management and social sciences.2006

o Deepak chawla & Neena Sondhi. Research Methodology, Vikash Publishing

house, Noida, 2011

o Kothari C.R. Research Methodology: Methods and techniques. Newage Pvt

Ltd. 2011

o Khrishnaswamy O.R. Methodology of research in social science. Himalaya pub.

House. New Delhi. 2013

o Ranjit Kumar. Research methodology, Pearson, Noida, 2011

o R. Panneerselvam. Research Methodology. Prentice-Hall India learning Pvt.

Ltd. 2013.

21

ECON 244: RURAL DEVELOPMENT

Objectives: To understand the rural economy in India. To examine the role and problems of the rural

economy and the various programs launched by the government to transform and develop the rural

economy.


Unit – II: Rural Economy

Nature of rural economy

Indian economy: a rural economy

Unit – III: Rural development programs in India

MNREGS

Jowahar Rozgr Yojana

Food for Work

Training rural youth for self employment (TRYSEM)

Integrated rural development program (IRDP)

20 Point program

Unit – IV: marginalised communities

Tribals and Adivasis

Unskilled labor

Migrant labourers: Rural to Urban to Rural

Unit – V: Approaches to Rural Development

a. Self Help Groups

b. Non-Government Organisations

c. Co-Operative societies

d. Cottage industries

Textbook:

B.P. Tyagi. Agriculture economics & Rural Development, Jai Prakash Nath & Co.

Meerut. 2013

Reference Books:

o Barbara Harriss-white. Middle India and urban-rural development, Springer,

2015.

o Barbara Harriss-white and S. Janakarja. Rural India facing the twenty first

century. Anthem press. 2004

o George Kristoffel L. Power, Politics, and rural development: essays on India.

Manohar Publishers and distributers. 2003.

o Katar Singh & Anil Shishodia. Rural Development: Principles, policies and

Management, SAGE pub. Ind Pvt. Ltd. 2016.

o Sagar Mondal & G.L Ray. Textbook on Rural Development, Enterpreneurship

and communication skills, Kalyani Publishers, Ludhiana, 2012.

o S.K. Dutta. Co-operative societies and rural development, Mittal Publication.

New-Delhi, 1991

22

ECON – 245: DEVELOPING ECONOMY

& EMERGING MARKETS Objectives: To examine the history, nature, causes, prospects and challenges of the emerging and

growing economies of the world.


a. Features of Developed and Developing economy

b. Comparative study of developed and developing economy

Unit – II: Major Developing economies:

a. India

b. China

c. Brazil

d. South Africa

e. Rusia

Areas of Concentration:

a. History

b. Characteristics

c. Causes

d. Prospects and Challenges

Unit – III: Role of BRICS in the 21st Century

Reference books:

o Andree F. Cooper. The BRICS: a very short introduction. Oxford, 2016

o Ben L. Kedia, Kelly Aceto. Emerging Markets and the future of BRICS nations.

o Julian Mary & Cherry Reynard. Investing in emergin markets: the BRIC

economies and beyond. Wiley pub. 2010.

o Oliver Stuenkel. The BRICS and the future of global order. 2015

o Win Nande, Adam Szirmai & Nobuya H. Structural change and Industrial

Development of the BRICS. Oxford.

23

ECON – 351: HISTORY OF ECONOMIC THOUGHTS

Objectives: To learn and understand the various perspectives of economic school of thoughts in

history that shapes the course of economic study and also to examine the various the economic

thought of prominent Indians. It will also examine some thought of Nobel Laureates of the 21st

century.


Unit – II: Economic thought of:

a. Adam Smith

b. David Ricardo

c. Alfred Marshall

d. J.B Says

e. J.A. Schumpeter

f. John Maynard Keynes

g. Marx

Unit – III: Mercantelism and Pshysiocracy

Unit – IV: Selected Thesis of Nobel Prize Economists in the 21st Century

i. Finn E Kyndiland & Edward C. Prescott (2004)

ii. Paul Krugman (2008)

iii. Elinor Ostrom & Oliver E. Williamson (2009

iv. Jean Tirole (2014)

v. Augus Deaton (2015)

Unit – V: Indian Economic thoughts:

a. Mahatma Gandhi

b. Mahalanobis

c. Sen Gupta

Textbook:

H. L. Bhatia. History of Economic Thought, Vikas Publishing house Pvt. Ltd. Noida,

2014

Reference books:

o Allen Robert C. Global economic history: A very short introduction, Oxford

India, 2011

o Desai & Bhalero. History of economic thought, Nirali Prakashan, Pune. 1999

o M.L. Jhingan, M. Girija & L. Sasikala. History of Economic thought, Vrinda

Publications (P) Ltd. Delhi. 2014

o Paul R.R. History of economic thought. Kalyani Pub. 2014

24

ECON – 352: ECONOMICS OF GROWTH & DEVELOPMENT

Objectives: To learn and understand the difference between growth and development by examining

the various theories.


Unit – II: Theories of Development:

a. Adam Smith

b. Marxian

c. J.A. Schumpeter

d. John Maynard Keynes

e. Big Push theory

f. Dependency

Unit – III: Theories of growth:

a. Harrod – Domar Models

b. Joan Robinson

c. Mahalanobis Model

Unit – IV: Measurement of Economic Development:

GNP per capita

Population

Occupation

Urbanisation

Consumption per capita

Infrastructure

Social conditions (HDI):

Literacy

Life expectancy

Health care

Calorie intake

Infant mortality

Unit – V: problems and prospects of Indian economy

Textbook:

M.L. Jhingan. The Economic of Development and Planning, Vrinda Publications (P)

Ltd. Delhi. 2014

Reference books:

H. L. Bhatia. History of Economic Thought, Vikas Publishing house Pvt. Ltd.

Noida, 2014

M.L. Jhingan, M. Girija & L. Sasikala. History of Economic thought, Vrinda

Publications (P) Ltd. Delhi. 2014

R.C. Agarwal. Economics of Development and Planning. Laxmi Narain

Agarwal, Agra. 2002

25

ECON – 353: STATISTICAL METHODS IN ECONOMICS

Objectives: To educate the students on the importance of statistics and its uses in understanding the

health and performance of the economy.

Unit – I. Introduction

Unit – II: Population and Sample

Unit – III: Data Condensation

Unit – IV: Statistical Analysis

Unit – V: Probability

Unit – VI: Hypothesis testing

Unit – VII: Time Series Analysis

Textbook

P.G. Dixit. Elements in statistics, Ninali prakashan, Pune, 2011

Reference:

o Agresti Alan & Barbara Finlay. Statistical methods for the social sciences.

Prentice Hall. 2008

o Anderson. Statistics for business and economics. CENGAGE learning, 2014.

o Paul D. Allison. Multiple regression, Pine forge press. 1998

o R. Lyman ott & Michael longnecker. An introduction to statistical methods and

Data Analysis, Duxbury resource center. 2008

26

ECON – 354: ECONOMIC POLICIES OF INDIA SINCE 1991

Objectives: To examine and study the dynamics of Indian economy especially after the New economic

policies of 1991. It will examine the various policies formulated and implemented in the Indian

economy after 1991 and its impact on the economy.

Unit – I: Pre 1991 Economic policies

Unit – II: New Economic policies of 1991

Unit – III: Post 1991 Policies:

a. Foreign Direct Investment

b. Retail Market

c. Financial and Banking policy

d. Taxation policies

e. Labour policies

f. Aviation industry

g. Information and Technology policy

Unit – IV: Role of the new Economic policies in the Indian Economy

Textbook

S.M. Jawed Akhtar & Sana Naseen. Fiscal policy reforms in India: since 1991, New

century pub. 2013

Reference:

Ahluwalia I.J and I.M.D. Little, Indian economic reforms and Development:


2012

Deepak Nayyar. Liberalization and Development. Oxford India, 2008.

Kapila Uma. 1991 – 2011: Two decades of Economic reforms. Academic

foundations, 2012.

Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house,

New-Delhi.

Tandon B.B and Tandon K.K. Indian economy. TaTa Mcgraw hill, New-Delhi,

1997

Thapai Anand. Social sector & Economic development in India since 1991:

Social sector – economic development, Lap Lambert academic pub. 2012

V. Bijukumar. Reinventing the congress: Economic policies and strategies

since 1991, Rawat pub. 2006

27

ECON – 355: LABOR ECONOMICS

Objectives: To study the nature of labor and its relation to various factors determining demand and

supply of labor. It will specifically relate to the labor market in India.


a. Definition

b. Nature and significance

c. Supply of and demand for labor

Unit – II: Theories of labor and wages

a. Lewis theory of unlimited supply of labor

b. Adam Smith theory of Division of labor

c. Marginal productivity theory

d. Wage fund theory

Unit – III: Labor market in India

a. Productivity

b. Migration

c. Labor unions

d. Labor problems

Unit – IV: Human Resource development

Employee relations

Industrial relations: Trade Unions

Industrial disputes

Text book:

Lal M.K. Modern Labor Economics. ABD publishers

Reference:

o Blalkhrinan A. Impact of globalisation and retaining strategies for labor and

employment. Kalpaz Pub. 2007

o George Borjas. Labor economics, MC Graw Hill Education. 2015.

o Mariappan R.K. Employment policy and labor welfare in India.

28

ECON – 361: INTERNATIONAL ECONOMICS

Objectives: To learn and understand the global economy from the perspectives of International trade

relations. It will also examine the problems and prospects of International trade. It will have a

special reference to the trade of India.


Unit – II: Theories of International trade:

a. Comparative cost advantage theory

b. Heckscher – Ohlin theorem

c. Factor endownment

d. Gravity model

Unit – III: Gains from International trade

Globalisation

Reasons for International trade

Historical perspectives of International trade with special reference to India

Benefits of International trade

Unit – IV: Balance of Payment

Unit – V: Free trade and Protection

Trade in capitalist, socialist and mixed economy

Nature of free trade

Nature of protection

Comparative study

Unit – VI: India’s foreign trade:

Volume, Composition and direction

Problems and Challenges

Textbook:

D.M. Mithani. International Economics. Himalaya Publishing House, Mumbai. 2013

Reference Books:

o Deepak Nayyar. Trade and Globalization, Oxford India, 2012

o Jyoti Chandiramani & Vasudha Garde. International trade, Narendra Prakashan,

Pune, 2011

o Krugman Pual R., Maurice obstfed & Marc Melitz. International economic:

theory and policy, Pearson, 2014.

o M.C. Vaish & Sudama Singh. International trade, Oxford & IBH publishing Co.

Pvt. Ltd. New Delhi, 2013

o M.L. Jhingan. Public Finance & International trade, Vrinda publications (P)

Ltd. Delhi, 2009

o Parthapratim Pal. International trade and India, Oxford India, 2014

o Thomas A. Pugel. International economics. Mc Graw-Hill Education, 2015.

29

ECON – 362: ENVIRONMENTAL ECONOMICS

Objectives: To study the role of environment in the development of an economy and also the impact of

the changing environment. It will also examine the policies related to the environment and its impact.


Unit – II: Environment and Economic development:

Natural resources:

Renewable and Non-renewable resources

Sustainable development

Impact of environment on economic development

Unit – III: Environment valuation

Unit – IV: Economic significance of Environment:

a. Land and environment

b. Water and environment

c. Forest and environment

Unit – V: Climate change and policy

a. Impact of climate change on biodiversity or ecological balance and economic

development

b. Important environmental movements in India and its economic impact

c. Paris declaration

d. Global warming and its economic impact

Textbook:

Katar Singh & Anil Shishodia. Environmental economics, SAGE Publications India Pvt.

Ltd. New-Delhi, 2015

Reference Books:

o Barry field & Martha K. Field. Environmental economics: An introduction.

McGraw Hill education, 2012

o Jonathan M. Harris & Brian Roach. Environmental & Natural resource

economics: A contemporary approach. Routledge, 2014.

o Karpagam M. Environmental Economics, Sterling publishers (P) Ltd, New Delhi,

1999

o Muthukhrishnan Subhashini. Economics of environment. Prentice-Hall of India

Pvt. Ltd. 2015.

o Stephen smith. Environmental economics: A very shot introduction. Oxford

University press. 2011

30

ECON – 363: PROJECT

The department or Teacher concern in consultation with the HoD will select

10 or more contemporary economic issues of importance

The student shall chose 02 topics

The student shall do a study or a research on the topics chosen under the

guidance of the teacher assigned and do a presentation on each topic at the

end of the semester before the theory examination.

The project write-up:

i. The topic

ii. The research design

iii. The findings

iv. The conclusions

v. The references/bibliography

vi. Indixes

31

ECON – 364: INDUSTRIAL ECONOMICS

Objectives: To study the nature of Industries, history of Industrialization and some of the important

factors determining the location of industries and growth. It will also examine some policy making in

an industry.


Unit – II: History of Industrial Revolution

History: A revolution in Britain

Major areas of revolutions

Economic impacts of the industrial revolutions

Unit – III: Business firm:

Definition, nature

Forms of Organisations:

Sole proprietorship

Partnership

Private Ltd Companies

Public Ltd Companies

Public sector units.

Objectives:

Economic objectives

Non-economic objectives

Unit – IV: Strategic policies:

1. Marketing strategies

2. Pricing policies

3. Employment policies

Unit – V: Industrial location and growth

Determinants of industrial location

Determinants of industrial growth

Economies and diseconomies of:

Small scale production

Large scale production

Textbook:

R.R. Barthwal. Industrial Economics: An introductory Textbook. New Age

International Publishers, New Delhi, 2010

Reference:

o Allen Robert C. The British Industrial revolution in global perspectives.

Cambridge university press. 2009

o Markyl Joel. The economics of Industrial revolution. Rowman and Littlefield

pub. 1985

o Marsh Peter. The new Industrial Revolution – consumers, globalization and the

end of mass production. Yale University press. 2013.

o Martin Stephen. Advanced industrial economics. Wiley-blackwell. 2001

o Shepherd William G. And Joanna Mehlhop Shepherd. The economics of

Industrial organisation. Waveland press. 2003

32

ECON – 365: WORLD TRADE ORGANISATIONS AND TRADE

BLOCS

Objectives: To learn and understand the functioning of the WTO in a global economy and the role

and significance of the various important Trade blocs in world and its impact to the Indian economy.

Unit – I: world Trade Organisation (WTO)

History

Objectives and functions

Relevance in the 21st globalised economy

Unit – II: Trade Blocs:

a. Types of trade blocs

b. Major trade blocs

a. SAARC

b. ASEAN

c. EU

d. NAFTA

e. BRICS

f. OPEC

c. Implications of Trade blocs to India

Points of Concentration:

**History

**features of the member counters

**Role and Importance of the Bloc

**Prospects and Challenge

Reference books:

o Anshuman Gupta. WTO & South Asia. Shipra publications, 2005

o Bhagwati Jagdish N. & Arvind Panagariya. The economics of preferential trade

agreements, Aei press. 1996

o D.M. Mithani. International Economics. Himalaya Publishing House, Mumbai.

2013

o Jamil Ahmad, Dastgir Alam. WTO, India & Regionalism in World trade. New

century publications. 2012

o Jyoti Chandiramani & Vasudha Garde. International trade, Narendra prakashan,

Pune

o Krishna Pravin. Trade blocs: Economics and politics, Cambridge University

press, 2010

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