INSTITUTIONS 3.0 Yes T ECM203 SEMINAR &amp

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DAYALBAGH EDUCATIONAL INSTITUTE

DEPARTMENT OF ECONOMICS (FACULTY OF SOCIAL SCIENCES) LIST OF COURSES & SYLLABUS: 2017-18

Course

Number Course Title Credits End Sem.

Exam.Exists Theory/

Practical

ECH101 ESSENTIALS OF ECONOMICS 3.0 Yes T

ECH102 INTRODUCTION TO INDIAN ECONOMY 3.0 Yes T

ECW101 BANKING & FINANCE 2.0 No T

ECM101 PRINCIPLES OF MICRO ECONOMICS 3.0 Yes T

ECM102 INDIAN ECONOMIC DEVELOPMENT-I 3.0 Yes T

ECM103 SEMINAR & GROUP DISCUSSION 2.0 Yes P

ECM104 TUTORIALS 0.5 No P

ECW201 INTRODUCTION TO COMPUTER APPLS. 2.0 No P

ECM201 PRINCIPLES OF MACRO ECONOMICS 3.0 Yes T

ECM202 MONEY, FINAN. MARKETS& INSTITUTIONS 3.0 Yes T

ECM203 SEMINAR & GROUP DISCUSSION 2.0 Yes P

ECM204 TUTORIALS 0.5 No P

ECM301 DEVELOPMENT ECONOMICS 3.0 Yes T

ECM302 PUBLIC ECONOMICS 3.0 Yes T

ECM303 STATISTICAL METHODS FOR ECONOMICS 1 3.0 Yes T

ECM304 SEMINAR & GROUP DISCUSSION 3.0 Yes P

ECM305 TUTORIALS 0.5 No P

ECM306 BUSINESS FORECASTING 3.0 Yes T

ECM401 MONETARY ECONOMICS 3.0 Yes T

ECM402 DEMOGRAPHY 3.0 Yes T

ECM403 INTERNATIONAL ECONOMICS 3.0 Yes T

ECM404 SEMINAR & GROUP DISCUSSION 3.0 Yes P

ECM405 TUTORIALS 0.5 No P

ECM406 MATHEMATICAL METHODS FOR ECONOMICS 3.0 Yes T

ECM501 MICRO ECONOMIC ANALYSIS 5.0 Yes T

ECM502 INDIAN ECONOMIC DEVELOPMENT II 5.0 Yes T

ECM503 STATISTICAL METHODS FOR ECONOMICS-2 5.0 Yes T

ECM504 HISTORY OF ECONOMIC THOUGHT 5.0 Yes T

ECM505 SEMINAR & GROUP DISCUSSION 5.0 Yes P

ECM601 MACRO-ECONOMIC ANALYSIS & POLICY 5.0 Yes T

ECM602 INDUSTRIAL ECONOMICS 5.0 Yes T

ECM603 BASIC ECONOMETRICS 5.0 Yes T

ECM604 ENVIRONMENTAL ECONOMICS 5.0 Yes T

ECM605 SEMINAR & GROUP DISCUSSION 5.0 Yes P

DBE701 MICROECONOMIC ANALYSIS 5.0 Yes T

DBE702 MACROECONOMIC ANALYSIS & POLICY 5.0 Yes T

DBE703 COMPUTER APPLS. IN BUS.& ECO. ANAL. 5.0 Yes T

DBE704 QUANTITATIVE TECH.-BUS.& ECO. ANAL. 5.0 Yes T

DBE705 CASE STUDY & VIVA VOCE 4.0 Yes P

DBE801 BUSINESS & ECONOMIC FORECASTING 5.0 Yes T

DBE802 FINANCIAL INSTITUTIONS & MARKETS 5.0 Yes T

DBE803 INTERNATIONAL TRADE & FINANCE 5.0 Yes T

DBE804 BUSINESS ENVIRONMENT 5.0 Yes T

DBE805 PROJECT 4.0 Yes P

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ECM001 BASIC RES. METH.,STAT. TOOLS& ANAL. 4.0 Yes T

ECM002 PRE-DISSERTATION 4.0 No P

ECM901 DISSERTATION 12.0 Yes P

ECM902 INDIAN ECONOMY-DEV.,PERS.& CHALLEN. 4.0 Yes T

ECM903 INDUSTRIAL ECONOMICS 4.0 Yes T

ECM905 ECONOMETRIC METHODS WITH APPLICATS. 4.0 Yes T

ECM906 ECONOMICS OF INSURANCE 4.0 Yes T

ECM907 DEVELOPMENT ECONOMICS 4.0 Yes T

ECM951 DISSERTATION I 8.0 Yes P

ECM952 DISSERTATION II 16.0 Yes P

ECM953 SELF STUDY COURSE 4.0 Yes P

ECM954 ADV. RESEARCH METHODOLOGY& ANALYSIS 4.0 Yes T

ECM955 ECONOMIC ANALYSIS & POLICY 4.0 Yes T

* Anyone can be opted ECM303 & ECM306

*Anyone can be opted ECM402 & ECM406 but B.A. Social Science students who will execute BA Social Science Honours Economics compulsorily opt for ECM 406.

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Course Number: ECH101, Course Title: ESSENTIALS OF ECONOMICS

Class: BA/BA(SS), Status of Course: HALF COURSE, Approved since session: 2015-16 Total Credits: 3, Periods(55 mts. each)/week: 3(L-3+T-0+P/S-0), Min.pds./sem.:39 UNIT 1: NATURE AND SCOPE OF ECONOMICS

Meaning and Definitions of Economics; Scarcity and Choice; Economic Problem; Opportunity sets;

Economic System; Role of Price Mechanism; Positive and Normative Economics; Microeconomics and Macroeconomics

UNIT 2: THEORY OF CONSUMER BEHAVIOUR

Demand; Law of Demand; Elasticity of demand-degrees, types and methods of measurement; Law of supply; Utility Analysis

UNIT 3: THEORY OF PRODUCT PRICING

Market forms; Cost and Revenue Analysis; Price and output determination under Perfect competition, Imperfect competition and Monopoly.

UNIT 4: THEORY OF FACTOR PRICING

Nature of Factor Market; Marginal productivity theory; Concept of Rent, Wages, Interest and Profit UNIT 5: INFLATION AND RECESSION

Meaning, causes, consequences and control of Inflation, Recession and Stagflation; Commercial Banks: Functions, Credit Creation and New Products; Role of Central Bank and credit control

SUGGESTED READINGS:

Lipsey R.G. and Chrystal, K.E.: AN INTRODUCTION TO POSITIVE ECONOMICS, OUP

Karl E. Case and Ray C. Fair, PRINCIPLES OF ECONOMICS, Pearson Education, inc., 8th edition, 2007

N. Gregory Mankiw, ECONOMICS: PRINCIPLES AND APPLICATIONS, India edition by Southwestern, a part of Cengage Richard T. Froyen, MACRO ECONOMICS, Pearson Education Asia, 2nd edition, 2005

Course Number: ECH102, Course Title: INTRODUCTION TO INDIAN ECONOMY Class: BA/BA(SS), Status of Course: HALF COURSE, Approved since session: 2015-16 Total Credits: 3, Periods(55 mts. each)/week: 3(L-3+T-0+P/S-0), Min.pds./sem.:39 UNIT 1: CHARACTERISTICS OF INDIAN ECONOMY

Indicators of economic development; Difference between growth and development; National Income- Estimates, composition, trends and distribution; Recent measurement of National Income;

HDI and its components; GEM; PQLI UNIT 2: POPULATION DYNAMICS

Problems of population explosion; population and economic development; population policy, size, growth rate, composition of population in India; Age Pyramid; Demographic dividend

UNIT 3: AGRICULTURE AND RURAL DEVELOPMENT

Role and importance of agriculture in the Indian Economy; Productive trends; Green Revolution;

Rural poverty and unemployment; Rural development Programmes; MNREGA; NRLM; Agricultural diversification; Rainbow revolution

UNIT 4: INDUSTRY AND TRADE

Industrial finance; Industrial labour problems and characteristics; Industrial Policy 1991; MSMEs;

Make in India and Skill Development; Export Promotion and Import substitution.

UNIT 5: NEW ECONOMIC REFORMS

Liberalisation, Privatisation and Globalisation- Meaning and objectives; Multinationals- Meaning, Role and extent of operations

SUGGESTED READINGS:

Kapila Uma: INDIAN ECONOMY: PERFORMANCE AND POLICIES, 2013, Academic Foundation Bimal Jalan: INDIAN ECONOMY PROBLEMS & PROSPECTS, 2004, Penguin publishers

Misra, S.K. & Puri, V.K.: INDIAN ECONOMY, Himalaya Publishing House Pvt. Ltd, 32ndedn, 2014 Arun Km Agrawal: INDIAN ECONOMY AND ITS MAJOR ISSUES, Axis books Publication, 2012 Govt. of India: Economic Survey (Latest)

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Course Number: ECW101, Course Title: BANKING & FINANCE

Class: BA/BA(SS)/B.SC., Status of Course: WORK EXPERIENCE, Approved since session: 2015-16 Total Credits:2, Periods(55 mts. each)/week:4(L-2+T-0+P/S-2), Min.pds./sem.:52

UNIT 1: TYPES OF BANKS

Commercial Banks, Development Banks, Cooperative Banks, Private and Foreign Banks, Regional Rural Banks

UNIT 2: BANKING OPERATIONS

Types of Bank Accounts & Opening a Bank Account, Bank Account Statement Pass Books

Cheque: Definition, Parties to a cheque, order & bearer cheque scrutiny of cheques crossing and endorsement of cheques, bank commissions on cheque and draft; ATM and uses of E-Cards for banking Transactions. Pay in slips; Draft; operational differences between public and private sector banks

UNIT 3: E-BANKING

Overview of E-Banking Arena; Electronic Delivery Channels and Products- Telephony, Internet, Mobile Phones; Electronic Payment System, NEFT, RTGS, M-Banking

UNIT 4: FINANCIAL ASSETS

Rates of return, liquidity and risk, types of financial assets:- Government securities. Corporate Equities (Debentures), Promissory notes, Commercial bills, Treasury bills, Mutual Funds; Non Performing Assets

UNIT 5: PROJECT BASED ON REAL TIME ISSUES

SUGGESTED READINGS:

L.V. Chandler and S.M. Goldfield: THE ECONOMICS OF MONEY AND BANKING, Harper and Row, Latest edition, New York R.S. Sayers: MODERN BANKING, Latest edition, Oxford, Clarendon Press

Suraj B. Gupta: MONETARY ECONOMICS- Institutions, Theory and Policy, Latest edition, S. Chand & Company Ltd, New Delhi

Course Number: ECM101, Course Title: PRINCIPLES OF MICRO ECONOMICS

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2015-16 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1: NATURE AND SCOPE OF ECONOMICS [07 pds]

Meaning and Definitions of Economics; Scarcity and Choice; Economic Problem; Opportunity sets;

Economic System; Role of Price Mechanism; Positive and Normative Economics; Microeconomics and Macroeconomics

UNIT 2: THEORY OF CONSUMER'S BEHAVIOUR [09 pds]

Demand; Law of demand; Elasticity of demand-degrees, types and methods of measurement; Law of supply, Utility Analysis; Indifference curve analysis; Budget constraints; the consumption decision; Consumer Surplus; Engel Curve

UNIT 3: THEORY OF PRODUCTION [07 pds]

Fixed and variable inputs; Law of variable proportions; Internal and External economies; Concept of cost equilibrium between supply and demand in the market.

UNIT 4: THEORY OF PRODUCT-PRICING [09 pds]

Market forms; Price and Output determination under perfect competition, imperfect competition; Monopoly and anti-trust policy; government policy towards competition

UNIT 5: THEORY OF FACTOR-PRICING [07 pds]

Nature of factor market; Pricing of factors of production; Marginal Productivity theory; Concept of Rent, Quasi-Rent, Wages, Interest and Profit

SUGGESTED READINGS:

N. Gregory Mankiw, Economics: Principles and Applications, India edition by South Western, a part of Cengage Learning, Cengage Learning Indian Pvt. Ltd., 4th editioin, 2007

Lipsey R.G. and Chrystal, K.E.: PRINCIPLES OF ECONOMICS, Oxford University Press 11th edition.

Karl E. Case and Ray C. Fair, PRINCIPLES OF ECONOMICS, Pearson Education, inc., 8th edition, 2007

Joseph E. Stiglitz and Carl E. Walsh, Economics, W.W. Norton & Company, Inc., New York, International Student Edition, 4th edition, 2007

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Course Number: ECM102, Course Title: INDIAN ECONOMIC DEVELOPMENT-I

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2015-2016 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1: THE INDIAN ECONOMY: AN OVERVIEW [08 pds]

Developed and less developed Economy: Meaning and Concept, Characteristics of Indian Economy;

Recent measurement of National Income; Comparison of Indian Economy with Developed countries

UNIT 2: INDIAN AGRICULTURE [9 pds]

Characteristics of Indian agriculture, Growth; Productivity; agrarian structure and technology;

capital formation; Green Revolution strategy and its effects, Agriculture in the post-Reform India;

Pricing and procurement; NRLM

UNIT 3: INDIAN INDUSTRY AND PLANNING [9 pds]

Composition of Indian Industry; Growth, productivity; diversification; MSMEs; Competition Act;

foreign investment; Industry in the post-reform India; Industrial Policy 1991, Need and importance of planning in India, overview o planning in India, NITI Aayog

UNIT 4: TERTIARY SECTOR

Trends and performance in Tertiary sector, Govt. initiatives to develop tertiary sector after 1991- increasing contribution of tertiary sector to employment, income and exports

UNIT 5: INFRASTRUCTURE & HUMAN RESOURCE

Role of Infrastructure in Economic Development-Physical Infrastructure-Natural Resources, Forest, Water, Land, Mineral, Energy Resources, Transport and Communication; Human Resource HDI and its components; GEM; PQLI

SUGGESTED READINGS

Kapila Uma : INDIAN ECONOMY: PERFORMANCE AND POLICIES, 2013, Academic Foundation SINCE INDEPENDENCE Bimal Jalan: INDIAN ECONOMY PROBLEMS & PROSPECTS, 2004, Penguin Publishers

Misra, S.K. & Puri, V.K.: INDIAN ECONOMY, Himalaya Publishing House Pvt. Ltd, 32ndedn, 2014 Govt. of India: ECONOMIC SURVEY (LATEST)

Course Number: ECM103, Course Title: SEMINAR & GROUP DISCUSSION

Class: BA/BA(SS)/B.SC., Status of Course: Major Course, Approved since session: 1998-99 Total Credits:2, Periods(55 mts. each)/week:2(L-0+T-0+P/S-2), Min.pds./sem.:26

It comprises topics of ECM101 & ECM102 courses for Seminar and Group Discussion.

Course Number: ECM104, Course Title: TUTORIALS

Class: BA/BA(SS)/B.SC., Status of Course: Major Course, Approved since session: 1998-99 Total Credits:0.5, Periods(55 mts. each)/week:1(L-0+T-0+P/S-1), Min.pds./sem.:13

This course will consist of tutorials; Problem solving; Report writing; Evaluation of Current Economic Policies or Reforms; Mini projects on the topics of economic significance.

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Course Number: ECW201, Course Title: INTRODUCTION TO COMPUTER APPLS.

Class: BA/BA(SS)/B.SC., Status of Course: WORK EXPERIENCE, Approved since session: 2015-16 Total Credits:2, Periods(55 mts. each)/week:4(L-2+T-0+P/S-2), Min.pds./sem.:52

UNIT 1: INTRODUCTION TO COMPUTERS

Introduction to computer hardware, computer generation, functional description of computer building, computer networking and resource sharing, introduction to computer software, classification of software

UNIT 2: TOOLS FOR OFFICE AUTOMATION

Word processing using MS-Word; Familiarization with menu and icons, creating files, fonts, formatting paragraph, header and footer, printing, advanced features, presentation using MS Power Point, familiarization with menu and icons, different views of a presentation, slide show, printing slides

UNIT 3: STATISTICAL PROCESSING TECHNIQUES USING MS EXCEL

Features, general spreadsheet concepts, editing commands, analysis, tabulation & graphs, formula and functions, financial and statistical function data management

UNIT 4: DATA PROCESSING TECHNIQUES & METHODS

Concept of data, record and file, types of data and data structure, data analysis, file handling and operation appending etc., data storage and retrieval, data operating-sorting, merging, joining etc., database concepts and operation on database

UNIT 5: IT APPLICATION TO ECONOMICS

Networking and Internet application, Internet information services, browser, Internet application- email, e-banking, banking projects etc., agricultural finance, loans and advances, consumer group finances, home finances etc.

Course Number: ECM201, Course Title: PRINCIPLES OF MACRO ECONOMICS

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2015-2016 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1: INTROCUTION TO MACRO ECONOMICS AND NATIONAL INCOME ACCOUNTING [7 pds]

Basic Issues of macro economics; National Income- Meaning, various concepts and methods of measurement. Income expenditure and circular flow; real versus nominal GDP; price indices;

National Income accounting for an open economy; National Income and Economic Welfare

UNIT 2: CLASSICAL THEORY OF EMPLOYMENT [7 pds]

Classical theory of employment-Elements of the complete classical model; Keynes criticism of the classical theory

UNIT 3: GENERAL THEORY OF EMPLOYMENT OF KEYNES [10 pds]

Aggregate Demand and Aggregate Supply Curves, Effective Demand Determination and Importance, Consumption Function, Investment Function, Multiplier and Accelerator

UNIT 4: MONEY AND BANKING [8 pds]

Quantity Theory of Money, Fisher's Cash Transactions Approach Cambridge Cash Balance Approach;

Determination of Money, Supply and Demand; Credit Creation; Tools of Monetary Policy

UNIT 5: INFLATION AND BUSINESS CYCLE [7 pds]

Meaning; Types of Inflationary, Philip Meaning; Philips Curve, Causes, Concept and Phases of Trade Cycle, Consequences and Control of Inflation and Recession; Stagflation; Role of Fiscal & Monetary Policy to control Inflation.

SUGGESTED READINGS:

Dornbusch R & Fisher S: MACRO ECONOMICS

Mankiw: PRINCIPLES OF ECONOMICS, Dryden Press, Harcourt Brace College Publ.

Schultz, Charles, National Income Analysis Lipsey RG: ECONOMICS

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Course Number: ECM202, Course Title: MONEY, FINAN. MARKETS& INSTITUTIONS Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2015-16 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1: MONEY & FINANCIAL MARKETS [7 pds]

Money market and Capital Market : An Overview; Bond market; Foreign Exchange Market; Financial Regulations

UNIT 2: INDIAN MONETARY AND CREDIT SYSTEM [7 pds]

Reserve Bank of India (RBI), Commercial Banks and Other Financial Institutions, Monetary Policy, Banking System

UNIT 3: FINANCIAL REFORMS [7 pds]

Bank Reforms- Interest Rate, Deregulation, Capital Market Reforms, Gurley and Shaw Approach

UNIT 4: NON BANKING FINANCIAL INTERMEDIARIES [9 pds]

Comparison between commercial banks and NBFIs: Definitions, types; Central Bank’s control over the NBFIs

UNIT 5: INDIAN EXPERIENCE OF THE FINANCIAL MARKET [9 pds]

Current Regulatory Architecture of India, factors, policies, and institution, financial intermediation, financial access, financial inclusion

SUGGESTED READINGS:

Rudder Dutt & Sundaram: THE INDIAN ECONOMY Bimal Jalan: INDIAN ECONOMY

Uma Kapila: INDIAN ECONOMY AN Agrawal: INDIAN ECONOMY Gupta SB: MONETARY ECONOMICS ECONOMIC SURVEY (Latest) FIVE YEAR PLANS

Mishra & Puri: INDIAN ECONOMY

Course Number: ECM203, Course Title: SEMINAR & GROUP DISCUSSION

Class: BA/BA(SS)/B.SC., Status of Course: Major Course, Approved since session: 2002-03 Total Credits:2, Periods(55 mts. each)/week:4(L-0+T-0+P/S-4), Min.pds./sem.:52

It comprises topics of ECM201 & ECM202 courses for Seminar and Group Discussion.

Course Number: ECM204, Course Title: TUTORIALS

Class: BA/BA(SS)/B.SC., Status of Course: Major Course, Approved since session: 1998-1999 Total Credits:0.5, Periods(55 mts. each)/week:1(L-0+T-0+P/S-1), Min.pds./sem.:13

This course will consist of tutorials; Problem solving; Report writing; Evaluation of Current Economic Policies or Reforms; Mini projects on the topics of economic significance.

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Course Number: ECM301, Course Title: DEVELOPMENT ECONOMICS

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2016-17 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.: 39

UNIT 1: BASIC CONCEPTS OF ECONOMIC DEVELOPMENT

Economic Growth and Development, Concept of underdevelopment and basic characteristics;

Determinants and Measurement indicators, New Challenges to development: Human Development Index and Quality of Life; Sustainable Development.

UNIT 2: APPROACHES TO DEVELOPMENT

Mixed Economy Approach, Lewis Dual Economy Model, Lebenstein Critical Minimum Effort Theory, Balanced Vs. Unbalanced Growth Theories.

UNIT 3: ECONOMIC DEVELOPMENT AND GROWTH : THEORIES & MODELS Theories of Economic Development–Classical, Marx and Schumpeter Models of Economic Growth- Harrod-Domar model and Solow model.

UNIT 4: POVERTY AND INEQUALITY: DEFINITIONS, MEASURES AND MECHANISMS

Inequality axioms; a comparison of commonly used inequality measures; connections between inequality and development; poverty measurement; characteristics of the poor; mechanisms that generate poverty traps and path dependence of growth processes.

UNIT 5: RESOURCES AND DEVELOPMENT

Natural resources, population, Capital, human resource development and infrastructure, Role of education, research and knowledge– explanation of cross country differentials in economic growth and development.

SUGGESTED READINGS

Debraj Ray, Development Economics, Oxford University Press, 2009.

Partha Dasgupta, Economics: A Very Short Introduction, Oxford University Press, 2007.

Abhijit Banerjee, Roland Benabou and Dilip Mookerjee, Understanding Poverty, Oxford University Press, 2006.

Amartya Sen, Development as Freedom, Oxford University Press, 2000.

Thirlwall A.P, Growth & Development with Special References to Developing Economics, MAC MILLAN, 1999 Hywel G. Jones, An Introduction to Modern Theories of Economic Growth, McGraw-Hill

Dani Rodrick, One Economics Many Recipes, Globalisation Institutions, Princeton University Press, 2009

Course Number: ECM302, Course Title: PUBLIC ECONOMICS

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2017-2018 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1: PUBLIC ECONOMICS [10 pds]

Public Economics;The basic concepts,Economic role of Govt., Concept of public goods,Private goods, Merit goods,Free riding,Market failure,Externalities;Types,Govt.mechanism,Property rights.

UNIT 2: SOURCES OF PUBLIC REVENUE [11 pds]

Taxation-Classification, Principles; Characteristics of a good tax system, Impact Incidence and shifting of Taxation, Effects of Taxation. Goods and Service Tax (GST) –Appraisal. Black Money.

UNIT 3: PUBLIC EXPENDITURE AND DEBT [10 pds]

Public expenditure; Meaning and classification, objective, principles, Effect, Deficit financing.

Public debt; Objective, classification, effect, method of debt redemption.

UNIT 4: BUDGET [10 pds]

The public budget; cannons of budgeting, characteristics of a good budget, classification, Preparation and passing of budget in India, budget of Union Govt. of India(latest)

UNIT 5: INDIAN PUBLIC FINANCE [12 pds]

Indian tax system; structure and reforms, deficit and public debt, Fiscal federalism in India, Distribution of resources, Principles of federal finance, Problems of center-State financial relations in India, Finance commission, Fiscal policy.

SUGGESTED READINGS

J.Hindriks, G. Myles: Intermediate Public Economics,MIT Press, 2006.

Joseph E. Stiglitz, Economics of the public sector, 3RD Edition.

Jha. R., Modern Public Economics, Routledge, London.

Atkinson, A. B. and J. E. Stiglitz, Lectures on Public Economics, TMH, New York.

Musgrave R.A: Public Finance-Theroy & Practice Gupta J. R : Public Economics in India

Hajela T. N: Public Finance

Government budgeting in India, New Century Publication.

Economic Survey, Government of India (Latest)

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Course Number: ECM303, Course Title: STATISTICAL METHODS FOR ECONOMICS-1 Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2016-17 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1: BASIC CONCEPTS AND DATA PRESENTATION

Definition and Role of Statistics; The distinction between populations and samples and between population parameters and sample statistics; Data collection; Classification and Tabulation of Data;

Frequency distribution and its diagrammatic representation -Simple and Graphic Method of presentation, Data-bar Diagram, Pie Diagram, Histogram, Polygons and Ogives

UNIT 2: MEASURES OF CENTRAL TENDENCY

Measures of Central Tendency- Mean, Median and Mode; Geometric Mean and Harmonic Mean.

UNIT 3: MEASURES OF DISPERSION

Range; Variance, Mean Deviation (M.D.); Quartile Deviation (Q.D.) and Standard Deviation (S.D.) and Coefficient of Variation, Skewness-Concept and Measurement uartile Deviation, Standard Deviation; Measures of Relative Dispersion.

UNIT 4: ELEMENTARY PROBABILITY THEORY

Elements of Probability Theory: Sample Space, Probability Space, Events, Classical; Definition of Probability; The Addition Rule, The Multiplication Rule, Theorems of Total Probability, Conditional Probability and Statistical Independence; Limitations of the Classical definition, Frequency definition, Axiomatic Approach, Bayes’ Rule.

UNIT 5: CORRELATION

Meaning and Types of Correlation, Degree of Correlation, Karl Pearson’s Coefficient of Correlation, Rank Correlation Coefficient-Spearman’s Method.

SUGGESTED READINGS:

Jay L. Devore, Probability and Statistics for Engineers, Cengage Learning, 2010 A.L. Nagar and R K Das: Basic Statistics, 2nd ed. OUP

Bowen & Starr, Basic Statistics for Business and Economics, McGraw Hill Freund, John E., Modern Elementary Statistics, Prentice Hall of India, New Delhi Levin and Rubin: Statistics for Management, Perarson

Allen L. Webstar, Applied Statistics for Business and Economics: An Essentials Version, III edn, Tata McGraw Hill, 2008 Murray Spiegel, Schaum’s OUTlines Statistics, 4th edition,Tata McGraw Hill, 2008

Levin & Rubin: Statistics for Management, 7thedn, Pearson

Course Number: ECM304, Course Title: SEMINAR & GROUP DISCUSSION

Class: BA/BA(SS)/B.SC., Status of Course: Major Course, Approved since session: 2001-02 Total Credits:3, Periods(55 mts. each)/week:6(L-0+T-0+P/S-6), Min.pds./sem.:78

It comprises topics of ECM301, ECM302 and ECM303 courses for Seminar and Group Discussion.

Course Number: ECM305, Course Title: TUTORIALS

Class: BA/BA(SS)/B.SC., Status of Course: Major Course, Approved since session: 2001-02 Total Credits:0.5, Periods(55 mts. each)/week:1(L-0+T-0+P/S-1), Min.pds./sem.:13

This course will consist of tutorials; Problem solving; Report writing; Evaluation of Current Economic Policies or Reforms; Mini projects on the topics of economic significance.

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Course Number: ECM306, Course Title: BUSINESS FORECASTING

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2016-17 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1: INTRODUCTION TO FORECASTING

The Forecasting Perspective- Importance and overview of forecasting; Basic steps in forecasting;

Scope of forecasting, Limitations of forecasting, Types of data; data patterns. Time series and cross sectional data, Graphical summaries: Time plots, Seasonal plots and Scatter plots. Numerical summaries: Univariate Statistics, Bivariate Statistics, Autocorrelation

https://prezi.com/wabvavud13c5/mcdonalds-demand-management-and-forecasting/

UNIT 2: BASICS OF FORECASTING

Measuring Forecast Accuracy: Standard Statistical Methods, Exponential Smoothing: Single exponential smoothing, Holt’s Linear method, Holt’s Winter method, Time Series Decomposition models–Additive and multiplicative decomposition, Principles of decomposition.

UNIT 3: REGRESION METHODS

Regression models; Inference and forecasting with simple regression; Multivariate regression analysis and forecasting.

UNIT 4: ARIMA MODELS

Box Jenkins Methodology: Model identification, estimation, Diagnostic checking & forecasting.

UNIT 5: IMPLEMETATION &COMBINATION OF FORECASTINGMETHODS

What can and cannot be predicted: short term, medium term and long term predictions, Factors influencing Method Selection, Organizational Aspects of Forecasting, Forecasting in Future, The combination of forecasts–factors that contribute.

SUGGESTED READINGS:

Makridakis, S.,C, Wheelright and R.J. Hyndman: “Forecasting Methods and Applications”, John Wiley, 3rd Edition Wilson JH, B Keating: Business Forecasting, McGrawHill, 2009, 6th edition.

Hanke, JE and DE Wichern: Business Forecasting, 8th edition, Pearson Education, 2007

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Course Number: ECM401, Course Title: MONETARY ECONOMICS

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2016-2017 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1: DEFINITION, FUNCTIONS AND THEORIES OF MONEY

Money and its function; the concepts and definitions of money; measurement of money;

advantages of money; theories of demand for money: the transactions and cash balance approach, the Keynesian analysis, Post Keynesian developments and Monetarist approach.

UNIT 2: MONEY SUPPLY

Financial Intermediaries- Nature and functions; theories of money supply; mechanistic model of money supply determination ; high powered money and behavioral model of money supply determination; methods of monetary control – Interest rates in closed and open economies – theories of term structure.

UNIT 3: MONETARY TRANSMISSION MECHANISM

Meaning–interest rate channel, credit channel, bank lending channel, balance sheet channel, exchange rate channel, other asset price channels.

UNIT 4: THE THEORY OF INTEREST

Real and monetary theories of interest rates-the term structure and the yield curve- determination of equilibrium exchange rates

UNIT 5: COMMERCIAL AND CENTRAL BANKING

Commercial banks-Functions and the process of credit creation, Banking sector reforms in India;

Microfinance: Concept and progress in India; Central banks- objectives and methods of credit control; Monetary Policy: Objectives, Targets and indicators, , Monetary policy of RBI: An overview.

SUGGESTED READINGS

Bennett McCallum, Monetary Economics: Theory and Policy, latest edition, Macmillan.

C Rangarajan , Indian Economy: Essays in Money and Finance, UBSPD.

Narendra Jadhav , Monetary Economics for India, latest edition, Macmillan.

L.M.Bhole, Financial Institutions and Markets, latest edition, Tata McGraw Hill & Co., New Delhi Frederic S. Mishkin, Monetary Policy Strategy, Prentice Hall of India, New Delhi, 2009

Course Number: ECM402, Course Title: DEMOGRAPHY

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2016-2017 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1: CONCEPT AND SCOPE OF DEMOGRAPHY

Concept and Scope of Demography; Relationship with other sciences; Significance of Demographic study; Birth rate and Death rate; Density of Population Growth Rate of Population; Population and Economic Development; Population Pyramid; Gender Analysis; Population & Environment.

UNIT 2: POPULATION THEORIES

Malthusian Theory; Post-Malthusian Theory; Optimum Theory; Bio-Theories; Socio-Economic Theory, Theory of Transition, Eugenics and Euthenics

UNIT 3: DEMOGRAPHIC METHODS

Measurement of Fertility & Mortality; Determinants of Fertility & Mortality; Infant Mortality Rate;

Maternal Mortality Rate, Factors for decline in mortality in recent past UNIT 4: POPULATION AND HUMAN DEVELOPMENT ISSUES

Culture and fertility, education fertility, demography and household economic behaviour, Population Projection-Methods, importance; Projection & Forecast

UNIT 5: DEMOGRAPHIC PROFILE OF INDIA

Growth, Distribution & Composition of population, Changing characteristics of population in India, Indian census-Methods, Census 2011, Indian Population Policy (latest); Migration-Meaning, types, and causes.

SUGGESTED READINGS:

SN Agarwala: India’s Population Problem, latest edition, Tata McGraw Hill Publication.

Bogue, D.J., Principles of Demography, latest edition, John Wiley, New York

Bhende A.A. & Tara Kanitkar ‘Principles of Population Studies’ Himalaya Publishing, Latest edition House, Bombay.

Srinivasan K. : Basic Demographic techniques and Applications(1998), sage publication, new Delhi.

A.K. P.C. Swain (2008) – ‘Population Studies’ – Kalyani Publications, Ludhiana.

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Course Number: ECM403, Course Title: INTERNATIONAL ECONOMICS

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2016-2017 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1: THEORIES OF INTERNATIONAL TRADE

Difference between International trade and National trade; The comparative Cost Theory; The Opportunity Cost Theory; Hecksher Ohlin Theory; Terms of Trade-Factors determining terms of Trade; Causes of adverse terms of trade in developing nations.

UNIT 2: TRADE POLICY

Protectionism vs Free trade; Instruments of trade policy; Political economy of trade policy;

Controversies in trade policy

UNIT 3: FOREIGN EXCHANGE AND EXCHANGE CONTROLS

Fixed and Flexible exchange rates; Spot and Forward Rates, Determination of Exchange Rate-Mint- Par Parity Theory and Purchasing Power Parity Theory; Convertibility of currency & devaluation.

Currency Swaps – Foreign Exchange Risks, Hedging and Speculation UNIT 4: BALANCE OF PAYMENTS

Meaning and Structure; Balance of Trade and Balance of Payment; Causes and measures to correct dis-equilibrium in Balance of Payments. Current & Capital accounts

UNIT 5: INTERNATIONAL INSTITUTIONS

The IMF; The World Bank, The WTO; Trade Blocks- SAARC, ASEAN, BRICS, EU, ADB

SUGGESTED READINGS:

Krugman and Obstfeld: International Economics: Theory and Policy, latest edition, Pearson Education Salvatore D: International Economics, latest edition, PHI, New York

Bo-Sodersten S Goeffrey Reed: International Economics, latest edition, St. Martin's Press, New York Fransis Cherunilum: International Economics, latest edition, McGraw Hill Education (India) Private Limited.

Caves, Frankel and Jones, World Trade and Payments: An Introduction, Harper Collins

Course Number: ECM404, Course Title: SEMINAR & GROUP DISCUSSION

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 1998-99 Total Credits:3, Periods(55 mts. each)/week:6(L-0+T-0+P/S-6), Min.pds./sem.:78

It comprises topics of ECM401, ECM402 and ECM403 courses for Seminar and Group Discussion.

Course Number: ECM405, Course Title: TUTORIALS

Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 1998-99 Total Credits:0.5, Periods(55 mts. each)/week:1(L-0+T-0+P/S-1), Min.pds./sem.:13

This course will consist of tutorials; Problem solving; Report writing; Evaluation of Current Economic Policies or Reforms; Mini projects on the topics of economic significance.

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Course Number: ECM406, Course Title: MATHEMATICAL METHODS FOR ECONOMICS Class: BA/BA(SS)/B.SC., Status of Course: MAJOR COURSE, Approved since session: 2016-2017 Total Credits:3, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39

UNIT 1 INTRODUCTION

Principle of Mathematical Induction, Complex Numbers and Quadratic Equations, Log, Antilog:

characteristics; Surds and Indices (laws), Binomial theorem (elementary), UNIT 2 BASIC CONCEPTS, FUNCTIONS AND GRAPHS

Sets and set operations; Ordered pairs; the real numbers; natural numbers; integers; rational and irrational numbers; absolute value and intervals; inequalities. The general concept of function, types of function (linear, quadratic, power, exponential, inverse); graphs of functions; Applications in Economics

UNIT 3 DETERMINANTS

Introduction, Expansion of 2nd order and 3rd order determinants; Properties, Minors, Cofactors, Properties of determinants, Cramer's rule

Matrices-Introduction, Types, Basic operations-addition, Subtraction, Multiplication determinants, transpose, ad joint and inverse of a square matrix, system of linear equation and economic application of matrices.

UNIT 4 LIMITS, CONTINUITY AND SINGLE VARIABLE DIFFERENTIAL CALCULUS

Limits, continuity and differentiability, rules of differentiation (simple differentiation, sums, products, and quotients); Second and higher order derivatives, power rule, chain rule, implicit differentiation; Linear approximation and differentials; Quadratic approximations, Elasticities the Intermediate-value Theorem; the Extreme-value Theorem; The Mean-value Theorem;

Indeterminate forms and L’Hopital’s rule; Applications in Economics UNIT 5 SINGLE VARIABLE OPTIMIZATION AND INTEGRAL CALCULUS

Stationary points of a function, Maxima and Minima(local and global); Convexity and Concavity of functions; Points of inflection; Optimization of economic functions Rules of integration, integration by parts, integration by substitution, indefinite integral, Definite Integral, Proper and Improper integral; Areas under curves and economic application of integration

SUGGESTED READINGS:

Knut SydsaeterAnd Peter J Hammond, Essential Mathematics For Economic Analysis, 4th edn, Pearson Education, 2012 Chiang A.C. Kevin Wainwright, Fundamental Of Mathematical Economics, 2005, 4th edn, McGraw-Hill

Hoy M, I Livernois, C Mckenna, R Rees And T Stengos, Mathematics For Economics, 3rd edn, TIM Press, 2011

Dowling Edward, Schaum's Outline of Theory And Problems of Introduction To Mathematical Economics, 3rd Edn McGraw- Hill

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Course Number: ECM501, Course Title: MICRO ECONOMIC ANALYSIS

Class: BA/BA(SS) Honours, Status of Course: MAJOR COURSE, Approved since session: 2017-18 Total Credits: 5, Periods(55 mts. each)/week:5(L-5+T-0+P/S-0), Min.pds./sem.: 65

UNIT 1: MARKET STRUCTURE AND EQUILIBRIUM

Preference; utility; budget constraint; choice; demand; Slutsky equation; buying and selling;

choice under risk and inter temporal choice; revealed preference. Market forms – perfect and imperfect forms – the concept of normal profit – monopoly profit- equilibrium of a firm under perfect competition, monopoly, monopolistic competition, duopoly and oligopoly – price discrimination and measure of monopoly power – control and regulation of monopoly – collusive price leadership – kinked demand curve-taxation and equilibrium of a firm- Different Pricing Strategies: Capturing consumer surplus; peak-load pricing; quality discrimination, dumping in international market.

UNIT 2: PRICING METHODS

Mark up pricing – break even pricing – rate of return pricing – variable cost pricing – peak load pricing – going rate pricing – controlled or administered pricing – minimum support price.

UNIT 3: FACTOR PRICING

Market for the factors of production – marginal productivity theory of pricing of factor (distribution theory)–Euler’s theorem-linkages among the factors of production–theories of wages–

determination–wages and collective bargaining– wage differentials–rent–Ricardian and modern theories of rent – scarcity rent– differential rent and quasi rent – interest – classical and Keynesian theories– profit– innovation, risk and uncertainty theories- the concept of normal profit – monopoly profit. Different Pricing Strategies: Capturing consumer surplus; price discrimination – first, second and third degree price discrimination; peak-load pricing; quality discrimination, dumping in international market.

UNIT 4: FACTOR MARKET

Payback period – average annual rate of return, net present value, internal rate of return, price changes, risk and uncertainty – elements of social cost benefit analysis.

UNIT 5: WELFARE ECONOMICS

What is welfare economics – economic and welfare problems in measuring welfare – classical welfare economics – Pigovian welfare condition – Pareto’s criteria – value judgment – concept of a social welfare function-compensation principle –the Kaldor- Hicks criterion.

SUGGESTED READINGS

Varian H.R: Intermediate Microeconomics: A Modern Approach, East West Press Pindyck, Rubinfeld and Mehta: Microeconomics, Pearson Education Asia Baumol, W. J.: Economic Theory and Operation Analysis, Prentice Hall, India Sen, A.: Microeconomics – Theory and Applications, OUP

A. Koutsoyannis: Microeconomics A Modern Approach, East West Press, New Delhi

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Course Number: ECM502, Course Title: INDIAN ECONOMIC DEVELOPMENT II Class: BA/BA(SS), Status of Course: MAJOR COURSE, Approved since session: 2017-18 Total Credits:5, Periods(55 mts. each)/week:5(L-5+T-0+P/S-0), Min.pds./sem.:65 UNIT 1: STRUCTURE OF THE INDIAN ECONOMY

Organizing an Economy; Evolution of the Indian Economy – planned and mixed economy; Role of State in Indian Economy; Sectors of Indian Economy; Uniqueness of the Indian Economy; The structural change of Indian economy since independence– sectoral aspects of Indian Economy UNIT 2 INDIA’S NATIONAL INCOME

Trend and pattern of India’s per capita income and GNP since 1991; Changing contribution of different sectors in NI; Social Security Measures given in recent times by GOI

UNIT-3 POVERTY AND INEQUALITY

Poverty - The concept and measurement of poverty, Causes of poverty and Remedies;

Unemployment - concept and measurement of unemployment, Causes of unemployment and Remedies. Economic Inequality - Concept and measurement of Economic Inequality, Causes of Economic Inequality and Remedies, State inequality,

UNIT 4 ECONOMIC REFORMS IN INDIA

Need and objectives of reforms in India, Economic Reforms – Liberalisation, Privatisation, Globalisation, Financial, Fiscal and Monetary Reforms, National Institution for Transforming India (NITI) Aayog , Major developments in Indian economy in the post reform period

UNIT 5 INDIA AND THE GLOBAL ECONOMY

An Introduction, Global Economy Today, Euro zone Crisis, Changing Dynamics, India and BRICS;

ASEAN, SAARC, Prospects for India, India’s External Sector –Composition of exports and imports, Major trading partners (US, EU, West Asia) and India’s contribution

SUGGESTED READINGS:

Misra, S.K &Puri, V.K: Indian Economy, Himalaya Publishing House Pvt Ltd, 32nd edn, 2014 Kapila, Uma: Indian Economy: Performance and Policies, 2013, Academic Foundation Deepashree, Indian Economy: performance and Policies, Tata McGraw Hill, 2008 Economic Survey 2014-15, Ministry of Finance, Govt. of India, New Delhi

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Course Number: ECM503, Course Title: STATISTICAL METHODS FOR ECONOMICS II Class: BA/BA(SS) Honours, Status of Course: MAJOR COURSE, Approved since session: 2017-18 Total Credits:5, Periods(55 mts. each)/week:5(L-5+T-0+P/S-0), Min.pds./sem.:65

UNIT 1: INTRODUCTION TO SAMPLING DISTRIBUTIONS

Population versus sample, Methods of sampling, simple random sample, sampling distribution of sample mean for normal and non-normal populations, Chebyshev’s inequality, law of large numbers, optimum size of sample, central limit theorem

UNIT 2: INTRODUCTION TO STATISTICAL INFERENCE

Properties of point estimator - unbiasedness, relative efficiency and consistency, Testing of Hypothesis - type I and type II errors, level of significance, power of a test, Use of z, chi-square, t and F statistics - large sample and small sample tests for mean, one tail and two tail tests for difference of means, Chi-square test for (i) goodness of fit and (ii) independence of two attributes, F-test for ratio of two variances, one-way analysis of variance, confidence intervals for mean and variance

UNIT 3: SIMPLE REGRESSION AND CORRELATION

Simple linear regression; method of least squares; linear and exponential trend; Product moment – covariance, correlation, rank correlation

U NIT 4: TIME SERIES

Definition and components of a time series; seasonal variations – measuring through -a) simple average method- and ratio to trend method – cyclical variations – measuring through residual method – trend and its measurement through a) method of moving averages and method of least squares (annual production, sales, profit. etc.,) – fitting a second degree trend (population growth) – growth curves, logistic curve;

UNIT 5: INDEX NUMBERS

Definition of index number – types of index number – price index-quantity index –value index – simple index number – weighted index number – construction of index number – problems in construction – methods in construction – simple and weighted – Laspeyre’s price index (cpi in india) – Paasche’s price index – Fisher’s ideal index – splicing of index number – deflating

SUGGESTED READINGS

Jay L. Devore, Probability and Statistics for Engineering and the Sciences, Cengage Learning, 2014 William G. Cochran, “Sampling Techniques”, John Wiley, 3rd edn, 2008

Allen L. Webstar, Applied Statistics for Business and Economics: An Essentials Version, III edn, Tata McGraw Hill, 2008 Murray Spiegel, Schaum’s OUTlines Statistics, 4th edition, Tata McGraw Hill, 2008

Levin &Rubin : Statistics For Management , 7th edn, Pearson

Spiegel and Schiller, Probability and Statistics, Schaum’s OUTlines, 2nd edition, Tata McGraw Hill, 2008

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Course Number: ECM504, Course Title: HISTORY OF ECONOMIC THOUGHT

Class: BA/BA(SS) Honours, Status of Course: MAJOR COURSE, Approved since session: 2017-18 Total Credits:5, Periods(55 mts. each)/week:5(L-5+T-0+P/S-0), Min.pds./sem.:65

UNIT 1: EARLY PERIOD

Nature and importance of history of economic thought – ancient economic thought – Aristotle, Plato. Mercantilism: Main Characteristics; Physiocracy; natural order; Primacy of agriculture, Social classes, tableau Economique, taxation.

UNIT 2: CLASSICAL PERIOD

Adam Smith: Views on division of labour, theory of value, capital accumulation, distribution, trade and economic development; David Ricardo: main contributions in brief; Thomas Robert Malthus:

Theory of Population, and Gluts Theory, J.B. Say: Laws of Market; J. S. Mill: Restatement of the Classical Theory, K. Marx- theory of value; theory of capitalist competition.

UNIT 3: THE MARXIAN CHALLENGE AND MARGINAL REVOLUTION

Karl Marx - A Contribution to the Critique of Political Economy, William Stanley Jevons - The Theory of Political Economy, Alfred Marshall - Principles of Economics, Eugen von Bohm-Bawerk - The Positive Theory of Capital

UNIT 4: KEYNESIAN IDEAS

The aggregate economy, Liquidity preference theory and Liquidity trap; Marginal Efficiency of Capital and Marginal efficiency of investment, wage rigidities under employment equilibrium, role of fiscal Policy; deficit spending and public works, Multiplier Principle

UNIT 5: INDIAN ECONOMIC THOUGHT

Early economic ideas; Kautilya, Modern economic ideas, Naroji, Economic ideas of Gandhi; Village, Swadeshi, Place of machine and Labour, cottage industries, trusteeship, Dr. Babasaheb Ambedkar, Amartya Sen.

SUGGESTED READINGS:

B.N. Ghosh & R. Ghosh: Concise History of Economic Thought, Himalaya Pub. House,

Ganguli, B.N.: Indian Economic Thought, A 19th Century Perspective, Tata McGraw Hill, New Delhi.

Ekelund, R.B and Hebert, R.F.: A History of economic theory and method, McGraw-Hill.

Grey, A. And A.E. Thomson: The Development of Economic Doctrine, 2nd Edition, Longman Group, London.

Kautilya: The Athashastra Edited Rearranged Translated And Introduced By L. N. Rangaranjan, Penguin Books, New Delhi.

Schumpeter, J.A.: History of Economic Analysis, Oxford University Press, New York.

Seshadri, G.B.: Economic Doctrines, B.R. Publishing corporations, Delhi.

Hajela, T.N.(2008), History of Economic Thought, Ane books Pvt.Ltd.

Bhatia, H.L: History of Economic Thought, Vikas publishing house, New Delhi.

Course Number: ECM505, Course Title: SEMINAR & GROUP DISCUSSION

Class: BA/BA(SS) Honours, Status of Course:MAJOR COURSE,Approved since session: 1998-1999 Total Credits:5, Periods(55 mts. each)/week:10(L-0+T-0+P/S-10), Min.pds./sem.:130

It comprises topics of ECM501,ECM502,ECM503 & ECM504 courses for Seminar & Group Discussion.

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Course Number: ECM601, Course Title: MACRO-ECONOMIC ANALYSIS & POLICY

Class: BA/BA(SS) Honours, Status of Course: MAJOR COURSE, Approved since session: 2017-18 Total Credits:5, Periods(55 mts. each)/week:5(L-5+T-0+P/S-0), Min.pds./sem.:65

UNIT 1: CONSUMPTION AND INVESTMENT FUNCTION

Consumption – absolute income hypothesis, relative income hypothesis, life cycle hypothesis, permanent income hypothesis – investment (business fixed investment, residential investment and inventory investment) – neo-classical theory of investment – accelerator theory of investment UNIT 2: THE CLOSED ECONOMY IN THE SHORT RUN

The goods market and derivation of IS curve – real influences and Shift in IS schedule – the money market and derivation of LM curve – the shift in LM curve – determination of equilibrium income and interest rates – the relative efficacy of fiscal and monetary policy.

UNIT 3: THE AGGREGATE DEMAND AND SUPPLY

The derivation of aggregate demand and supply curves – the Keynesian aggregate demand with vertical aggregate supply curve – sources of wage rigidity and unemployment – the flexible price with fixed money wage model – labour supply and money wage – the shift in aggregate supply – Keynes vs. Classics.

UNIT 4: INFLATION AND UNEMPLOYMENT

Inflation: concepts and consequences- The Phillips curve – the natural rate of unemployment – factors affecting natural rate of unemployment – the adaptive expectation and long-run Phillips curve – the concept of rational expectations – policy ineffectiveness debate.

UNIT 5: OPEN ECONOMY MODELS

The Mundell – Fleming model: determining equilibrium output in a small open economy; the monetary and fiscal policy under flexible and fixed exchange rate regimes; the Mundell- Fleming model with changing price level.

SUGGESTED READINGS:

R T Froyen (2008), Macroeconomics, Theory and policies, Prentice Hall

N. Gregory Mankiw (2002) Macroeconomics, 5th or latest edition, Worth Publishers

Rudiger Dornbusch, Stanley Fischer and Richard Startz,(2007) Macroeconomics, 6th or latest edition, McGraw Hill.

Shapiro, E.: Macro-Economic Analysis, Galgotia Publication, New Delhi William Branson: Macro Economic Theory and Policy, Harper & Row

Course Number: ECM602, Course Title: INDUSTRIAL ECONOMICS

Class: BA/BA(SS) Honours, Status of Course: MAJOR COURSE, Approved since session: 2017-18 Total Credits:5, Periods(50 mts. each)/week:5(L-5+T-0+P/S-0), Min.pds./sem.:65

UNIT 1: INDUSTRIAL ORGANISATION & OWNERSHIP STRUCTURE: [13 pds]

Public, Private, Joint & Cooperative Sectors; Private Corporate sector; MNC’s and their role;

corporate governance.

UNIT 2: MARKET PERFORMANCE: [13 pds]

The firm & its objectives; constraints on growth; Market concentration and its measurement. MRTP Act & Competition Act; Consumer Protection Act, Patent Act

UNIT 3: PROJECT APPRAISAL: [13 pds]

Capital Budgeting- Net Present Value (NPV) & Internal Rate of Return (IRR) criteria. Pay-Back period, Cost of capital.

UNIT 4: FINANCIAL MODES OF INDUSTRY [13 pds]

Mode of Financing: Equity & Debt; Institutional finance, Bank Finance.

UNIT 5: INDIAN INDUSTRY IN THE INTERNATIONAL CONTEXT: [13 pds]

Globalisation & Indian industry, International Competitiveness of Indian industries; Privatisation &

issues relating to disinvestment policy, Social Responsibility of Business.

SUGGESTED READINGS:

SB Gupta: MANAGEMENT ACCOUNTING SC Gupta: MANAGEMENT ACCOUNTING

J Herendeen: THE ECONOMICS OF CORPORATE ECONOMY MY Khan: INDIAN FINANCIAL SYSTEMS R Barthwal: INDUSTRIAL ECONOMICS SC Kuchchal: INDUSTRIAL ECONOMICS Turnvey: THEORY OF PUBLIC ENTERPRISES

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Course Number: ECM603, Course Title: BASIC ECONOMETRICS

Class: BA/BA(SS) Honours, Status of Course: MAJOR COURSE, Approved since session: 2017-18 Total Credits:5, Periods(55 mts. each)/week:5(L-5+T-0+P/S-0), Min.pds./sem.:65

UNIT 1: NATURE AND SCOPE OF ECONOMETRICS & REVIEW OF STATISTICS

Meaning and Methodology of Econometrics, Descriptive Statistics- a. univariate case b. bivariate case, Random Variables and Probability distributions, Estimation of Parameters; Hypothesis Testing UNIT 2: SIMPLE LINEAR REGRESSION MODEL

Specifications of the Model – Assumptions – Deriving the Ordinary Least Squares (OLS) Estimates – Gauss Markov Theorem – Estimation of the Error Variance – Statistical Inference in the Linear Regression Model – Confidence Intervals for the Estimated Parameters and the Testing of Hypotheses – Coefficient of Determination – Prediction with the Simple Regression model

UNIT 3: CLASSICAL MULTIPLE LINEAR REGRESSION MODEL

Least squares estimation; R2 and adjusted R2; Partial correlations, Classical Model: Gauss Markov Theorem; Standard errors of estimate; Standard errors of regression coefficients, Tests of hypotheses: Single parameters; Sets of parameters, Forecasting

UNIT 4: VIOLATIONS OF CLASSICAL ASSUMPTIONS Multicollinearity, Heteroscedasticity, Autocorrelation UNIT 5: DISTRIBUTED LAG MODEL AND DUMMY VARIABLE

Application of Distributed Lag Model and Autocorrected Error Models in sort run demand analysis, Koyck Model, Nerlove model.

SUGGESTED READINGS:

D. N. Gujarati (2003): “Essentials of Econometrics”, 3rd Edition, McGraw Hill.

C. Dougherty (2007): “Introduction to Econometrics”, 3rd Edition, Oxford University Press.

RamuRamanathan (2002): “Introductory Econometrics with Applications”, 5th Edition, South- Western

Koutsoyiannis A: Theory of Econometrics E L B S/ Macmillan

Jay L. Devore, Probability and Statistics for Engineering and the Sciences, Cengage Learning, 2014 Software Packages: Eviews, Spss, Excel

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Course Number: ECM604, Course Title: ENVIRONMENTAL ECONOMICS

Class: BA/BA(SS) Honours, Status of Course: MAJOR COURSE, Approved since session: 2017-18 Total Credits:5, Periods(55 mts. each)/week:5(L-5+T-0+P/S-0), Min.pds./sem.:65

UNIT 1: THEORY AND CONCEPT

Nature and significance of environmental economics – definition and scope of environmental economics – basic theory – market system and the environment – welfare and environment – the economics of externalities

UNIT 2: ENVIRONMENT AND ECONOMICS

Environment – economy linkage – environment as a necessity and luxury – population and environment linkage – environmental use as an allocative problem – environment as a public good – valuation of environmental damages: land, water, air and forest.

UNIT 3: ENVIRONMENTAL ISSUES, DEVELOPMENT DYNAMICS AND ASSESSMENT

Economic development and environmental problems – air pollution – water pollution – sound pollution – energy use and environment problem – pollution and urbanization – global warming and green house effect – health, urbanization, transport and technology – environmental degradation, Environmental Accounting

UNIT 4: POLICY MEASURES

Basic approach – design of environmental policy – Indian environment policies and performance – pollution control boards and their function.

UNIT 5: INTERNATIONAL ENVIRONMENTAL ISSUES:

Trans-boundary environmental problems; Economics of climate change; Trade and Environment, WTO and environment and EU policies and environment, United Nations Climate Change Conference SUGGESTED READINGS

M. Karpagam, Environmental Economics, latest edition, Sterling Publishers, New Delhi.

Bhattacharya, Rabindra N., “Environmental Economics-An Indian Perspective”, latest edition, Oxford University Press, New Delhi

Boumal, W.J. and W.E. Oates, “The Theory of Environmental Policy”, latest edition, Cambridge University Press, UK

Hanley, N.J.F. Shogren and B. White, “Environmental Economics in Theory and Practice”, latest edition OUP, Delhi.

Kolstad, Charles D., “Environmental Economics”, latest edition, Oxford University Press, New York

Tietenberg, T., Environment and Natural Resource Economics, latest edition, Pearson Education Inc. New Delhi.

Course Number: ECM605, Course Title: SEMINAR & GROUP DISCUSSION

Class: BA/BA(SS) Honours, Status of Course: MAJOR COURSE, Approved since session: 1998-1999 Total Credits:5, Periods(55 mts. each)/week:10(L-0+T-0+P/S-10), Min.pds./sem.:130

It comprises topics of ECM601, ECM602, ECM603 & ECM604 courses for Seminar & Group Discussion.

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Course Number: DBE701, Course Title: MICROECONOMIC ANALYSIS

Class:PGDBE/MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 5, Periods (55 mts. Each)/ week: 5(L-5+T-0+P/S-0), Min.pds./sem.:48 UNIT 1: CONSUMER BEHAVIOUR

Overview of Demand and SupplyAnalytical Techniques of Economic Analysis- Determination of Equilibrium and Optimization Consumer Theory- Utility and Indifference Curves, Consumer Optimum, Slutsky Theorem, Modern Utility Analysis of Consumer’s Choices under Risk and Uncertainty; Revealed Preference Theory; Concept of Elasticity of Demand Recent Development in Demand Theory.

UNIT 2: PRODUCTION AND COSTS

Iso-quants/ Ridge lines, production with one and more variable inputs,

Producer’s Equilibrium and Production Functions—Cobb-Douglas, CES; Elasticity of Factor Substitution; Cost Analysis—Traditional and Modern Theories of Costs.

UNIT 3: PRICE & OUTPUT DETERMINATION

An introduction to market structure, Equilibrium of a firm under Monopolistic Competition; Concept of Industry & Group, Oligopoly- Non Collusive (Cournot, Sweezy), Collusive (Cartels, Price Leadership); Marginalist Controversy- Full Cost Pricing Theory Limit Pricing Theory; Managerial Theory of the firm ,Basic Concepts of Game Theory and Competitive Strategy

UNIT 4: INPUT MARKETS

Labour & Land Market, Basic Concepts (Derived Demand, Productivity of an Input, Marginal Product of Labour, Marginal Revenue Product, Demand for Labour, Input Demand Curves, Shifts in Input Demand Curves, Competitive Labour Markets, Labour Markets & Public Policy,

UNIT 5: GENERAL EQUILIBRIUM AND ECONOMIC EFFICIENCY AND WELFARE

Welfare Economics : Individual and Social Welfare, Role of value judgement, Pigou’s concept of welfare, Criteria of social welfare, Pareto optimality, Problem of welfare maximization, optimality conditions- efficiency conditions, social justices and social optimum, Theory of second best.

SUGGESTED READINGS:

Hal R Varian [1999]: “INTERMEDIATE MICROECONOMICS: A MODERN APPROACH”, 5th Edition, [or 7th Ed. (2006)] W.W Norton & Company/ East- West Press

Pindyck, Rubinfield and Mehta: “MICROECONOMICS” Pearson Education 2005 Koutsoyiannis: “MODERN MICROECONOMICS”, MacMillan, 1983,

Henderson and Quant: “MICROECONOMIC THEORY: A MATHEMATICAL APPROACH”, McGraw-Hill, 1971,

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Course Number: DBE702, Course Title: MACROECONOMIC ANALYSIS & POLICY Class: PGDBE/MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2010-11 Total Credits: 5, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48 UNIT 1: DETERMINATION OF INCOME AND EMPLOYMENT

National Income Accounting- Concepts and measurement, Classical and Keynesian Systems; IS-LM model; Fiscal and Monetary Multipliers; Aggregate Demand and Aggregate Supply; Government Budget Constraint; Financing Government Expenditure through Taxes, Bonds, Money Creation UNIT 2: MICROECONOMIC FOUNDATIONS

Theories of Consumption and Investment

Keynesian Formulation; Post Keynesian Alternatives: RIH, PIH and LCH; Investment Behaviour:

Accelerator, Marginal Efficiency of Investment; User Cost of Capital and Neoclassical Model; Value of the Firm and Tobin’s Q-Theory.

UNIT 3: INFLATION AND AGGREGATE SUPPLY CURVE

Phillips Curve; Adaptive and Rational Expectations; Policy Ineffectiveness Debate UNIT 4: OPEN ECONOMY MODELS

Short Run Open Economy Models: The Mundell Fleming Model.

Exchange Rate Determination: Purchasing Power Parity, Asset Market Approach; Monetary Approach to Balance of Payments

UNIT 5: ECONOMIC GROWTH

Harrod-Domar Model; Solow Model; Models of Endogenous Growth

SUGGESTED READINGS:

Dornbusch, Rudiger and Stanley Fischer (1994): “MACROECONOMICS”, 6th edition, McGraw Hill.

Dornbusch, R., Fischer S. and R. Startz (2004): “MACROECONOMICS”, 9th edition, McGraw Hill.

Mankiw, N. Gregory (2007): “MACROECONOMICS”, 6th edition, Worth Publishers.

Blanchard, Olivier (2006): “MACROECONOMICS”, 4th edition, Pearson Education, Inc.

Jones, Charles I. (2002): “INTRODUCTION TO ECONOMIC GROWTH”, 2nd edition, W.W. Norton & Company.

Froyen, Richard (2005): “MACROECONOMICS”, 8th edition, Pearson Education Asia.

Attfield, C.L.F., D. Demery and N.W. Duch (1991): “RATIONAL EXPECTATIONS IN MACROECONOMICS”, 2nd edition, Blackwell.

Sheffrin, Steven (1996): “RATIONAL EXPECTATIONS”, 2nd edition, Cambridge University Press.

Krugman, Paul and Maurice Obstfeld (2008): “INTERNATIONAL ECONOMICS”, 8th edition, Pearson Education Asia.

Michael, P. Todaro & Stephen C. Smith: “ECONOMIC DEVELOPMENT”, 8th edition, Pearson Education.

David Romer: “ADVANCED MACROECONOMICS”, 2nd edition, McGraw Hill, 1996.

WF Branson: “MACROECONOMIC THEORY AND POLICY”, 3/e Harper Collins, 1989.

Debraj Ray: ECONOMICS OF DEVELOPMENT, (Oxford)

Bejamin Hggins: ECONOMIC DEVELOPMENT (University Booh Stals Delhi)

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Course Number: DBE703, Course Title: COMPUTER APPLS. IN BUS. & ECO. ANAL.

Class: PGDBE/MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2010-11 Total Credits: 5, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48 UNIT 1: INTRODUCTION TO SOFTWARE PACKAGES

Application of Software Packages - Word Processor and Spread Sheets - Introduction to Excel - Data Entry - Building Formulae and Functions -Formatting and Calculation - Graphs and Charts, Power Point.

UNIT 2: ECONOMIC DATA

Classification - Frequency Distribution - Relative Frequency Distribution, Cumulative Frequency Distribution, Relative Cumulative Frequency Distribution, Frequency Tables, Lorenz Curve - Pictorial Presentation of Data - Histograms, Pie Charts, Graphs and Time Series Plots, [Practice With Excel Or SPSS).

UNIT 3: BASIC STATISTICS & COMPUTER APPLICATIONS

Measures of Central Location: Mean, Mode, Median - Comparison - Geometric Mean, Harmonic Mean; Measures of Spread: Range, Variance, Standard Deviation; Bivariate Data - Measures of Association: Scatter Plots, Correlation, Simple Linear Regression, (Practice With Excel Or SPSS) UNIT 4: ADVANCED STATISTICS & COMPUTER APPLICATIONS I: TIME SERIES ANALYSIS

Analysis of Time Series; Trend Analysis, Smoothing, Seasonal Variation – Ratio to Trend –Link Relatives, Cyclical Fluctuations.

UNIT 5: ADVANCED STATISTICS& COMPUTER APPLICATIONS-II: INDEX NUMBERS

Index Numbers; Methods of Construction - Simple, Chain, Weighted - Deflating Time Series, Shifting and Splicing, Test of Adequacy (Practice With Excel and SPSS).

SUGGESTED READINGS

Leon & Leon: “INTRODUCTION TO COMPUTERS”, Vikas Publishing House, New Delhi.

June Jamrich Parsons: “COMPUTER CONCEPTS” 7th Edition, Thomson Learning, Bombay.

Comer 4e,: “COMPUTER NETWORKS AND INTERNET”, Pearson Education.

“WHITE, DATA COMMUNICATIONS & COMPUTERS NETWORK”: Thomson Learning Bombay.

Richard I. Levin, Charles A. Kirkpatrick, David S. Rubin, Joel P. Stinson: “QUANTITATIVE APPROACHES TO MANAGEMENT”, McGraw-Hill, 1986.

Kmenta, J. (1997): “ELEMENTS OF ECONOMETRICS” (Reprint Edition), University of Michigan Press, New York.

Sydsaeter and Hammond

Allen L. Webster: “APPLIED STATISTICS FOR BUSINESS AND ECONOMICS”, 3e, McGraw Hill.

K. Sydsaeter, P. Hammond (2005): “ESSENTIAL MATHEMATICS FOR ECONOMIC ANALYSIS”, Prentice Hall Amir D. Aczel: “COMPLETE BUSINESS STATISTICS”, McGraw Hill.

B. M. Agrawal: “BUSINESS MATHEMATICS AND STATISTICS”

Naval Bajpai: “BUSINESS STATISTICS” Pearson.

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