ch. bansi lal university, bhiwani€¦ · (2015-16) 1 ch. bansi lal university, bhiwani examination...

(2015-16)

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Ch. Bansi Lal University, Bhiwani

Examination Scheme

&

Syllabus

for

M.A.- ECONOMICS

(SEMESTER- I to IV)

(2015-16)

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Scheme of Examination for M.A. -ECONOMICS

Semester-I Credits= 24 Marks=600

Sr.

No.

Paper

Code

Subjects Type

of

Course

Contact Hours Per Week Credit Examination Scheme Total

Theory Practical

/Seminar

Total Theory Practical

/Seminar

Total Theory Internal

Assessment

Practical

/Seminar

1 ECO- 101 Microeconomics-I

C. C 4 -- 4 4 -- 4 80 20 -- 100

2 ECO- 102 Macroeconomics-I

C. C 4 -- 4 4 -- 4 80 20 -- 100

3 ECO- 103 Economics of Growth

and Development

C. C 4 -- 4 4 -- 4 80 20 -- 100

4 ECO- 104 Mathematics for

Economists

C. C 4 -- 4 4 -- 4 80 20 -- 100

5 ECO- 105 History of Economic

Thoughts

C. C 4 -- 4 4 -- 4 80 20 -- 100

6 ECO -106 Communication Skills I.D.C 2 - 2 2 - 2 40 10 -- 50

7 ECO -107 Seminar / Journal Club C.M.C. -- -- -- -- -- 1 -- -- -- 25

8 ECO- 108 Self-Study Paper C.M.C. -- -- -- -- -- 1 -- -- -- 25

Total 22 24 600

C.C. = Core Course I.D.C. = Inter Disciplinary Course C.M.C. = Complementary Course F.C. = Foundation Course

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Scheme of Examination for M.A. -ECONOMICS

Semester-II Credits= 29 Marks=750

Sr.

No.

Paper

Code

Subjects Type

of

Course


Theory Practical

/Seminar


/Seminar


Assessment

Practical

/Seminar

1 ECO - 201 Microeconomics-II C.C. 4 -- 4 4 -- 4 80 20 -- 100

2 ECO - 202 Macroeconomics-II

C.C. 4 -- 4 4 -- 4 80 20 -- 100

3 ECO - 203 Issues in Economic

Development

C.C. 4 -- 4 4 -- 4 80 20 -- 100

4 ECO - 204 Statistics for

Economists

C.C. 4 2 6 4 1 5 80 20 50 150

5 ECO -205 Public Economics C.C. 4 -- 4 4 -- 4 80 20 -- 100

6 ECO - 206 Computer Applications

in Economics

I.D.C. 4 4 8 4 2 6 80 20 50 150

7 ECO -207 Seminar/Journal Club C.M.C. -- -- -- -- -- 1 -- -- -- 25

8 ECO -208 Self-Study Paper C.M.C. -- -- -- -- -- 1 -- -- -- 25

Total 30 29 750

C.C. = Core Course I.D.C. = Inter Disciplinary Course C.M.C. = Complementary Course

F.C. = Foundation Course E.C. =Elective Course

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Scheme of Examination for M.A.-ECONOMICS

Semester-III Credits= 28 Marks=700

Sr.

No.

Paper

Code

Subjects Type

of

Course


Theory Practical

/Seminar


/Seminar


Assessment Practical

/Seminar 1 ECO301 Money, Banking and Finance C.C. 4 -- 4 4 -- 4 80 20 -- 100

2 ECO302 International Economics C.C. 4 -- 4 4 -- 4 80 20 -- 100

3 ECO303 Basics Econometrics C.C. 4 -- 4 4 -- 4 80 20 -- 100

4 ECO304 Elective-I

(Agricultural Economics)

E.C. 4 -- 4 4 -- 4 80 20 -- 100

5 ECO305 Elective-II

(Economy of Haryana)

E.C. 4 -- 4 4 -- 4 80 20 -- 100

6 ECO306 Energy Economics I.D.C. 4 -- 4 4 -- 4 80 20 -- 100

7 ECO307 Current Economic Affairs C.M.C. 4 -- 4 2 -- 2 40 10 -- 50

8 ECO308 Self Study Paper -- -- -- -- -- 1 -- -- -- 25

9 ECO309 Seminar /Journal Club Club -- -- -- -- -- 1 -- -- -- 25

Total 28 -- 28 26 -- 28 520 130 -- 700

C.C. = Core Course I.D.C. = Inter Disciplinary Course C.M.C. = Complementary Course E.C. = Elective Course

Elective Subjects:

1. Agricultural Economics (Elective I)

2. Economy of Haryana (Elective (II)

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Scheme of Examination for M.A.-ECONOMICS

Semester-IV Credits= 28 Marks=700

Sr.

No.

Paper

Code

Subjects Type

of

Course


Theory Practical

/Seminar


/Seminar


Assessment

Practical

/Seminar

1 ECO401 Indian Economy C.C. 4 -- 4 4 -- 4 80 20 -- 100

2 ECO402 Environmental and

Resource Economics

C.C. 4 -- 4 4 -- 4 80 20 -- 100

3 ECO403 Applied Econometrics C.C. 4 -- 4 4 -- 4 80 20 -- 100

4 ECO404 Elective-I

(Industrial Economics)

E.C. 4 -- 4 4 -- 4 80 20 -- 100

5 ECO405 Elective-II

(Labour Economics)

E.C. 4 -- 4 4 -- 4 80 20 -- 100

6 ECO406 Economic Environment

of Business

I.D.C. 4 -- 4 4 -- 4 80 20 -- 100

7 ECO407 Current Economic

Affairs

C.M.C. 4 -- 4 2 -- 2 40 10 -- 50

8 ECO408 Self Study Paper -- -- -- -- -- 1 -- -- -- 25

9 ECO409 Seminar /JournalClub -- -- -- -- -- 1 -- -- -- 25

Total 28 -- 28 26 -- 28 520 130 -- 700

C.C. = Core Course I.D.C. = Inter Disciplinary Course C.M.C. = Complementary Course

E.C. = Elective Course

Elective Subjects:

1. Industrial Economics (Elective-I)

2. Labour Economics (Elective-II)

Duration - 2 Years (4 Semesters)

Total Marks – 2750

Total Credits – 109

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GENERAL INSTRUCTIONS

I. SEMINAR/ JOURNAL CLUB:

Maximum Marks-25

Every candidate will have to deliver a seminar of 30 minutes duration on a topic (not from the

syllabus) which will be chosen by him / her in consultation with the teacher of the department. The

seminar will be delivered before the students and teachers of the department. A three member committee

(one coordinator and two teachers of the department of different branches) duly approved by the

departmental council will be constituted to evaluate the seminar. The following factors will be taken into

consideration while evaluating the candidate. Distribution of marks will be as follows:

1. Presentation 10 marks

2. Depth of the subject matter 10 marks

3. Answers to the questions 05 marks

II. SELF-STUDY PAPER:

MaximumMarks-25

Objective: This course intends to create habits of reading books and to develop writing skills in a

manner of creativity and originality. The students are to emphasis his/her own ideas/words which he/she

has learnt from different books, journals and newspapers and deliberate the same by adopting different

ways of communication techniques and adopting time scheduling techniques in their respective fields.

This course aims:

- To motivate the students for innovative, research and analytical work

- To inculcate the habit of self study and comprehension

- To infuse the sense of historical back ground of the problems

- To assess intensity of originality and creativity of the students

Students are guided to select topic of their own interest in the given area in consultation with their

teachers/Incharge/Resource Person.

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Instructions for Students

1. Choose the topic of your interest in the given areas and if necessary, seek the help of your

teacher.

2. Select a suitable title for your paper.

3. You are expected to be creative and original in your approach.

4. Submit your paper in two typed copies of A4 size 5-6 pages (both sides in 1.5 line spaces in

Times New Roman Font size 12).

5. Organize your paper in three broad steps:

(a) Introductions

(b) Main Body

(c) Conclusions

6. Use headings and sub-headings

7. Use graphics wherever necessary

8. Give a list of books/references cited/used

9. The external examiner will evaluate the self study paper in two ways i.e. Evaluation 15 Marks

and Viva-Voce 10 marks.

Distribution of Marks

1. The evaluation is divided into different segments as under : 15 Marks

(i) Selection of Topic - 3 Marks

(ii) Logical Organization of subject matter - 5 Marks

(iii) Conclusions - 5 Marks

(iv) References - 2 Marks

2. Viva-Voce: 10 Marks

The external examiner will hold Viva-Voce based on contents of the student‟s Self Study Paper

focusing upon the description by the Candidate.

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M.A.-ECONOMICS

SEMESTER-I

ECO-101

Microeconomics-I

Maximum Marks-100

External Examination-80

Internal Assessment-20

Max. Time- 3 hrs.

Note: There shall be nine questions in all. Question no. 1 shall be compulsory, consisting of eight

short answer type questions covering the entire syllabus. Two questions will be asked from each unit.

Student will have to attempt one question from each unit. Each question shall carry equal marks.

Unit-1

Consumer Behavior and Demand: Nature and Scope of Microeconomics; Positive and Normative

Analysis; Consumer Preferences; Opportunity Sets; Indifference Curve Approaches; Optimum Choices;

Utility Functions; Indirect Utility Demand Functions; Income and Substitution Effects (Hicks and

Slutsky); Normal versus Inferior Goods; Types Of Demand Functions; Elasticity; Welfare Evaluation;

Consumer Surplus; Equivalent and Compensating Variations; Revealed Preference Theory.

Unit-1I

Applying Consumer Behavior Theory and Decision making Under Uncertainty: Substitutes And

Complements, Composite Commodities; Income-Leisure; Linear Expenditure System; Expected Utility

Function, Choice Under Risk, Measures of Risk Aversion; Risk and Insurance; Decision Making under

Uncertainty.

Unit III

Theory of Production and Cost: Production Functions; Types of Production Functions (Cobb-Douglas,

CES, Translog etc.); Marginal Products; Rate of Technical Substitution, Technical Progress; Returns to

Scale; Cost Functions; Derivation of Cost Curves; Economies of Scale and Scope; Profit Maximization;

Cost Minimization; Derivation of Input Demand; Simple Case of a Multiproduct Firm.

Unit IV

Market Structure and Theory of Firm: Perfect competition; Competitive Profit Maximization; Price

and Output Determination in Firm and Industry; Short-run and Long-run Supply, Competitive Market

Equilibrium; Tax Incidence Analysis; Price Controls and Shortages; Imperfect Markets – Monopoly,

Monopolistic Competition and Oligopoly; Monopoly Market Equilibrium; Price Discrimination;

Monopolistic Competition and Bilateral Monopoly; Oligopoly – Non-Collusive Models: Cournot,

Bertrand, Stackelberg and Chamberlin Solutions; Kinked Demand Curve.

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Suggested Readings:

1. Mankiw Gregory N. (1998): Principles of Economics, 3rd Edition, Thomson, 3rd Indian Reprint

(2007).

2. Snyder, Chirstopher and Walter Nicholson, Fundamentals of Microeconomics, Cengage

Learning, India Edition (2010 by South-Western).

3. Pindyck, Robert S., Rubinfel : Micro-Economics, Prentice Hall of India, New Delhi. Daniel, L.

and Gupta, P.L.(2006)

4. Maddala, G.S. and Miler Ellen: Micro-Economic Theory and Applications, Tata McGraw Hill.

(2004)

5. Henderson J M. and R.E. Quandt, Microeconomic Theory : A Mathematical Approach,

McGraw-Hill International Editions, (Tata McGraw-Hill Edition), Third Edition, 1980

6. Boumol,William J. and Blinder : Microeconomics: Principles and Policy, 9th Edition, Alan S.

(2007) Thomson, 1st Indian Edition.

7. Salvatore Dominick (2003) : Microeconomics : Theory and Applications, 4th Edition, Oxford

Univ. Press.

8. Koutsoyiannis, A. (1977) : Modern Micro Economics, McMillan Press, London.

9. Ryan, W.J.L. and Pearce, D.W. : Price Theory, McMillan India, New Delhi. (1977)

10. Ferguson, C.E. and Gould, J.P. : Micro Economic Theory (6th Edition), All India Book Seller.

(1989)

11. Briet, W. and Hochman, H.M. : Readings in Micro Economics, Dryden Press. (Ed.) (1977

12. Jeffrey M Perloff, Microeconomics, Pearson Education, Addison Wesley Longman (Singapore)

Pte. Ltd., Delhi, 2012

13. Lipsey, R.G. and Chrysal, K. Alec “An Introduction to Positive Economics” (OUP)

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M.A.-ECONOMICS

SEMESTER-I

ECO-102

Macroeconomics-I Maximum Marks-100



Max. Time- 3 hrs.




Unit-I

Introduction to Macroeconomics and National Income Accounting: Nature and Scope of

Macroeconomics; Measurement of Macroeconomic Variables; measurement of gross domestic product;

income, expenditure and the circular flow; real versus nominal GDP; price indices; national income

accounting for an open economy; balance of payments: current and capital accounts; National income

accounting; Input-Output-System.

Unit- II

Classical, Keynesian Systems of Macroeconomics and Investment theories: Classical

Macroeconomics: Equilibrium Output and Employment, Money, Prices and Interest; wage price

flexibility and full employment equilibrium; The Keynesian System: The Role of Aggregate Demand,

Money, Interest and Income; The Basic IS- LM Model; extension of IS-LM model with government

sector, labour market and variable price level; Investment Function; The Marginal Efficiency of Capital

Approach; Accelerator- Simple & Flexible; Profits Theory; Financial Theory.

Unit- III

Demand for Money and Inflation: Functions of money; quantity theory of money; determination of

money demand; Post Keynesian approaches to demand for money-Tobin (Portfolio balance approach),

Baumol (Inventory theoretic approaches) and Friedman (Restatement of quantity theory of money),

Patinkin‟s real balance effect; derivation of aggregate demand curve and determination of equilibrium

price and output; Basics of Inflation, hyperinflation, Phillips Curve

Unit- IV

Determinants of Money Supply and Real Economy: Measures of money supply; Determinants of

money supply; Central Bank‟s approach to money supply; instruments of monetary and fiscal policy;

Mechanism of Monetary expansion and contraction, deterministic models; Saving, Investment and

Financial System; Consumption and Investment.

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Suggested Reading:

1. Froyen, Richard T, “Macroeconomics: Theory and Policies”, Pearson Education Inc.; 10th

Edition, 2014

2. Mankiw N. Gregory, Principles of Macroeconomics, 6th Edition, CENGAGE Learning, 2012.

3. Olivier Blanchard, Macroeconomics, Pearson Education (Indian Reprint), Inc., 4th edition, 2007.

4. Errol D‟Souza, Macroeconomics, 2st Edition, Pearson Education, 2012.

5. Richard T. Froyen, Macroeconomics, Pearson Education Asia, 2nd edition, 2005.

6. Andrew B. Abel and Ben S. Bernanke, Macroeconomics, Pearson Education, Inc., 7th edition,

2011.

7. Hubbard RG and O‟Brien A P, “Macroeconomics”, Pearson‟s Education, 2006

8. Paul R. Krugman, Maurice Obstfeld and Marc Melitz, International Economics, Pearson

Education Asia, 9th edition, 2012.

9. Dornbusch, Fischer and Startz, Macroeconomics, McGraw Hill, 11th edition, 2010.

10. Heijdra, B.J. and V.P. Fredericck (2001), Foundations of Modern Macroeconomics, Oxford

University Press, New Delhi.

11. Shapiro, E. (1996), Macroeconomic Analysis, Galgotia Publications, New Delhi. Additional

Reading List

12. Lucas, R. (1981), Studies in Business Cycle Theory, MIT Press, Cambridge, Masscechusetts.

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M.A.-ECONOMICS

SEMESTER-I

ECO-103

Economics of Growth and Development Maximum Marks-100



Max. Time- 3 hrs.




Unit-I

Concepts & Measurement of Economic Growth and Development

Economic Growth, economic development and sustainable development; Historical Perspective of

Economic Growth and its Relevance, Meaning of Development, Objectives of Development, Structural

Diversity and common characteristics of developing nations.

Unit-II

Classical Theories of Growth and Development

Contributions of Adam Smith, Ricardo, Karl Marx, and Schumpeter, Malthus, Rostow‟s Theory of

Stages of Economic Growth.

Unit-III

Growth Models

Harrod and Domar: Instability of Equilibrium; Neo Classical Growth Models: Solow and Meade;

Growth Models of Joan Robinson, Kaldor and Pasinetti.

Unit-IV

Technological Progress

Embodied and disembodied; Neutral and Non- Neutral (Hicks and Harrod); TFP and growth accounting;

Endogenous Growth Theory: Role of learning, education and Research; Accumulation of Human

Capital; Explanation of Cross-Country Differentials in Economic Growth.

Development of Models: Balanced and Unbalanced growth; Critical Minimum Efforts Theory; Low

Income Equilibrium Trap; Dual Economy: Models of Lewis, Fei-Ranis, Jorgensen, Basic idea of Dixit

and Marglin, Kelly et. al.

Suggested Readings:

1. Adelman, I. (1961), Theories of Economic Growth and Development, Stanford University Press,

Stanford.

2. Barro, R. and X. Salai- Martin, Economic Growth, McGraw Hill, New York.

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3. Behrman, S. and T.N. Srinivasan (1995), Handbook of Development Economics,Vol. 3, Elsevier,

Amsterdam.

4. Brown, M. (1966), On the Theory and Measurement of Technical Change,

Cambridge University Press, Cambridge, Mass.

5. Chakravarti, S. (1982), Alternative Approaches to the Theory of Economic

Growth, Oxford University Press, New Delhi.

6. Chenery, H. and T.N. Srinivasan (Eds.) (1989), Handbook of Development

Economics, Vols. 1 & 2, Elsevier, Amsterdam.

7. Ghatak, S. (1986), An Introduction to Development Economics, Allen and

Unwin, London.

8. Gillis, M., D.H. Perkins, M. Romer and D.R. Snodgrass (1992), Economics of Development,

(3rd Edition), W.W. Norton, New York.

9. Higgins, B. (1959), Economic Development, W.W. Norton, New York.

10. Jones, HG.(1975), An Introduction to Modern Theories of Economic Growth, Nelson, London.

11. Kindleberger, C.P. (1977), Economic Development, (3rd Edition), McGraw Hill, New York.

12. Meier, G.M. and J.E.Rauch (2005), Leading Issues in Economic Development, (8th Edition),

Oxford University Press, New Delhi.

13. Sen, A.K. (Ed.) (1990), Growth Economics, Penguin, Harmondsworth.

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M.A.-ECONOMICS

SEMESTER-I

ECO-104

Mathematics for Economists Maximum Marks-100



Max. Time- 3 hrs.




Unit-I

Linear Algebra

Sets ,solutions of linear equations, solutions of quadratic equations, Matrices; Matrix Operations,

Inverse, Cramer‟s Rule for Solving system of Linear equations.

Unit-II

Differential Calculus

Derivatives- partial and total, economic applications, Higher order derivatives, Taylor‟s approximation,

properties of linear homogenous functions, Euler‟s Theorem.

Unit-III

Classical Optimization and Applications

Introduction of Quadratic Forms, unconstrained optimization, constrained optimization with equality

constraints, applications- utility maximization, and cost minimization, profit-output maximization.

Unit-IV

Linear and Non-Linear Optimization

Duality theory, constrained optimization with inequality and non-negativity constraints, Linear

Programming- Formulation, primal and dual, solutions using graphical and simplex methods,

applications from Economics.

Suggested Readings:

1. Aggarwal, S.C. and R.K. Rana. “Basic Mathematics for Economists” (latest edition) V.K.

(India), Enterprises, Delhi.

2. Allen, R.G.D. “Mathematical Analysis for Economists”, Macmillan, 1983.

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3. Chiang, A.C. and K. Wainwright. “Fundamental Methods of Mathematical Economics” McGraw

Hill, 4th

edition, McGraw Hill, New York, 2005.

4. Kandoi, Balwant“Mathematics for Business and Economics with Applications”, Vol. 1,

Himalaya, Mumbai, 2002.

5. Simon, C and L Blume, Mathematics for Economists, Norton, London, 1994.

6. Chiang, A.C., Fundamental Methods of Mathematical Economics, McGrawHill, 1984.

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M.A.-ECONOMICS

SEMESTER-I

ECO-105

History of Economic Thoughts

Maximum Marks-100



Max. Time- 3 hrs.




Unit-I

Nature and Importance of Economic Thought, mercantilism: Views on Trade, Money and Prices, Wages

and Employment. Physiocracy: Nature order; Net Product and Circulation of Wealth.

Unit-II

Adam Smith: Theories of value, Distribution and Growth; Ricardian Economics: value Analysis,

Theories of Trade and Distribution, Views on Machinery and Employment, Ricardo-Malthus glut

Controversy.

Marxian Economics: From Harmony to Class –Conflict, Historical Materialism and Marx‟s

Interpretation of History, Development and Decay of Capitalism.

Unit-III

Essential features of Marginalism. Jevon‟s theory of Value. Walras‟s Theory of General Equilibrium.

An Overview of Marshall‟s Contribution.

Unit-IV

Indian Economic Thoughts: Kautilya, Narobi , M.N. Roy, B.R. Ambedkar, J.K. Mehta, M.K. Gandhi,

Amartya‟s Sen Capability theory of Welfare.

Suggested Readings:

1. A.K. Dasgupta (1986) : Epochs of Economic Theory, Oxford University Press, New

Delhi.

2. D.C. Collander (Ed.) : Neo-classical Economists.

3. D.P.O. Brien (1975) : The Classical Economists, London, Oxford University Press.

4. Dobb, Maurice (1973) : Theories of Value and Distribution since Adam Smith.

5. E. Mandel (1971) : Marxist Economic Theory, Rupa & Co.

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6. Eric Roll (1992) : History of Economic Thought, Faber and Faber (Rupa).

7. Gide, C. and Rist C. (1948) : A History of Economic Doctrines, George G. Harap & Co.

8. Krishna Bhardwaj (1978) : Classical Political Economy and Rise to Dominance of Supply

and Demand Theories, University Press, India.

9. M. Blaug (1983) : Economic Theory in Retrospect, Vikas Publishing House,

3rd Edition (Cambridge University Pub.).

10. P. Sweezy (1945) : Theory of Capitalist Development, Monthly Review Press.

11. Samuel Hollander (1987) : Classical Economics.

12. Schumpter, J.A. (1954) : History of Economic Thought, Oxford University Press.

13. Tom Bottomore : Dictionary of Marxist Thought, Basic Black Well, 1985.

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M.A.-ECONOMICS

SEMESTER-I

ECO-106

Communication Skills Maximum Marks-50



Max. Time- 2 hrs.




Unit-I

Human Communication (Theoretical perspective): Its uniqueness, its nature, models of

communication.Types of Human communication. Language, non-verbal communication, logic and

reasoning, lateral thinking. The concept of facilitating: factors, barriers and filters in communication; the

seven C‟s of effective communication . Preparing for interviews, CV/ Biodata. Vocabulary related to

business.

Unit -II

Self communication, interpersonal communication, dyadic communication, small group

communication. Public communication . Mass Communication . Reliability of communication.

Input and Evaluation Processes (Practice): Listening (process, comprehension, evaluation). Reading

(process, comprehension, evaluation). Watching (process, comprehension, evaluation). Email Do‟s and

Don‟ts.

Unit-III

Output and Interaction Processes (Practice): Speech (conversation, interview, group discussion, public

speech). Writing (spontaneous writing, guided writing, creative writing). Organizing ideas (noting,

summary, flow charts, concept maps). Correspondence (personal, business). Managerial Skills; Business

communication at workplace.

Unit-IV

Academic Writing (Theory and practice): Goals and Objectives. Explanation and various terms used in

academic writing Ethics in writing. Structure of documents. Language and grammar. Illustrations and

aids. Writing proposals and instructions. Making presentations. Formatting documents. Drafts and

revisions. Editing. Writing popular journal article. Grammatical accuracy, common grammatical errors

and how to avoid them.

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Suggested Readings :

1. Communicating a social and career focus, K. M. Berko, Andrew D. Wolvyn and Darlyn R.

Wolvyn, Houghton Mifflin Co., Boston (1977)

2. The Craft of Scientific Writing (3rd Edition), Michael Alley, Springer, New York (1996)

3. Science and Technical Writing – A Manual of Style (2nd Edition), Philip Reubens (General editor),

Routledge, New York (2001)

4. Writing Remedies – Practical Exercises for Technical Writing Edmond H. Weiss, Universities Press

(India) Ltd., Hyderabad (2000)

5. Effective Technical Communication, M. Ashraf Rizvi, Tata Mc Graw – Hill Publishing Co. Ltd., New

Delhi (2005)

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M.A.-ECONOMICS

SEMESTER-II

ECO-201

Microeconomics-II Maximum Marks-100



Max. Time- 3 hrs.




Unit-I

Alternative Theories of the Firm: Critical evaluation of Marginal Analysis; Baumol‟s Sales Revenue

Maximization model; Williamson‟s model of Managerial Discretion; Marris model of Managerial

Enterprise; Bain‟s Limit Pricing Theory; Behavioral model of the Firm (Cyert and March).

Unit-II

Distribution: Pricing of Factor of Production ( Perfect & Imperfect markets );Elasticity of Technical

Substitution, Technical Progress and Factor Shares; Product exhaustion theorem; Macro theories of

Distribution- Ricardo, Marx, Kalecki and Kaldor.

Unit-III

General equilibrium: Absolute V/s Relative Prices; the Walrasian approach to General Equilibrium,

Existence, Stability and Uniqueness of the Partial Equilibrium, Edgeworth Box, Pareto Efficiency and

Optimality, Money in general equilibrium.

Unit-IV

Welfare Economics: Arrow-Debrew Economy; Welfare theorems- First, Second and Arrows

Impossibility theorem; Social Criteria of Welfare Functions- GNP, Utility, Pareto Optimality,

Compensation, Bergson, Maximization of Social Welfare Function; Rawl‟s theory of Justice; Equity-

Efficiency Trade off.

Suggested Readings:

1. Kreps, David M. (1990), A Course in Microeconomic Theory, Princeton UniversiPress,

Princeton.

2. Koutsoyiannis, A. (1979), Modern Microeconomics, (2nd

Edition), Macmillan Press, London.

3. Lyard, P.R.G. and A.W. Walters (1978), Microeconomic Theory, McGraw Hill, New York.

4. Sen A. (1999), Microeconomics: Theory and Applications, Oxford University Press, New Delhi.

5. Varian, H. (2006), Microeconomic Analysis, W.W. Norton, New York.

6. Mankiw Gregory N. (1998): Principles of Economics, 3rd

Edition, Thomson, 3rd

Indian Reprint

(2007).

7. Henderson J.M. and R.E. Quandt, Microeconomic Theory: A Mathematical Approach, McGraw

Hill International Editions, (Tata McGraw Hill Edition), 3rd

Edition, 1980.

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8. Maddala, G.S. and Miller Ellen: Micro-Economic Theory and Applications, Tata McGraw Hill

(2004).

9. Pindyck, Robert S., Rubinfel: Micro-Economics, Prentice Hall of India, New Delhi. Daniel, L.

and Gupta, P.L.(2006)

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M.A.-ECONOMICS

SEMESTER-II

ECO-202

Macroeconomics-II

Maximum Marks-100



Max. Time- 3 hrs.




Unit - I

Open Economy Macro Economics: International Flow of Capital and Goods; Saving and Investment

in a small open economy; Exchange Rates - real and nominal; Markets in Foreign Exchange; Balance of

Payments- Disequilibrium , Mundell-Fleming Model under fixed and flexible exchange rates, Price

Adjustments.

Unit-II

Consumption Function: Absolute Income Hypothesis, Relative Income Hypothesis, Permanent Income

and Life Cycle Hypotheses; Consumption under Uncertainty – Modern approach.

Unit-III

Theory of Business Cycles: Business Cycle Theories: Schumpeter, Kaldor, Samuelson and Hicks;

Control of Business Cycles – relative efficacy of monetary and fiscal policies.

Unit-IV

Recent Developments: Monetarism ; New Classical Macro Economics theories– Rational Expectation

Revolution and Real Business Cycle Theory; New Keynesian Economics - Sticky Nominal prices

(Mankiw Model), Inter-Temporal Substitution in Labour Supply.

Suggested Readings:

1. Ackley, G. (1978), Macroeconomics: Theory and Policy, Macmillan, New York.

2. Blackhouse, R. and A. Salansi (Eds.) (2000), Macroeconomics and the Real World (2 Vols.),

Oxford University Press, London.

3. Branson, W.A. (1989), Macroeconomic Theory and Policy, (3rd Edition), Harper and Row,

New York.

4. Dornbusch, R. and F. Stanley (1999), Macroeconomics, Irwrin McGraw Hill, Inc.New York, 7th

Edition.

5. Heijdra, B.J. and V.P. Fredericck (2001), Foundations of Modern Macroeconomics, Oxford


6. Jha, R. (1991), Contemporary Macroeconomic Theory and Policy, Wiley Eastern Ltd., New

Delhi.

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7. Romer, D.L. (1996), Advanced Macroeconomics, McGraw Hill Company Ltd., NewYork.

8. Shapiro, E. (1996), Macroeconomic Analysis, Galgotia Publications, New Delhi.

9. Duesenberry, J. S. (1949) Income, Saving and the Theory of Consumer Behaviour, Harvard

University Press, Harvard.

10. Mankiw, N.G. and D. Romer (Eds.) (1991), New Keynesian Economics, (2Vols.), MIT Press,

Cambridge.

11. Mankiw, N. Greogory (2000), Macroeconomics Macmillan Worth Publishers 4th

Edition.

12. Frisch, H. (1983), Theories of Inflation, Cambridge University Press,Cambridge.

13. Sheffirin, S.M. (1996), Rational Expectations, Cambridge University Press,Cambridge.

14. Lucas, R. (1981), Studies in Business Cycle Theory, MIT Press, Cambridge,Masscechusetts.

15. Taylor, L. (1983), Structuralist Macroeconomics, Basic Books, New Longman.

16. Turnovsky, S.J. (1977), Macroeconomic Analysis and Stabilization Policy,Cambridge

University Press, Cambridge.

17. Ruggles R. and N. Ruggles (1956), National Income Accounts and Income Analysis

(2015-16)

24

M.A.-ECONOMICS

SEMESTER-II

ECO-203

Issues in Economic Development Maximum Marks-100



Max. Time- 3 hrs.




Unit- I

Concepts & Measurement of Economic Development: Measuring Development: Income Measures,

Basic Needs Approach, PQLI, HDI and Capabilities Approach; Goulet‟s core values of development.

MDG -SDG ; Poverty, Inequality and Development: Measurement and Impact.

Unit-II

Sectoral Aspects of Development: Agriculture: Role of Agriculture in Economic Development;

Heterogeneity in Agriculture; Agricultural Transformation – Schultz Theory, Designing Strategy for

Agriculture Transformation; Industry: Rationale and Pattern of Industrialization in developing

Countries; Choice of Techniques, appropriate technology and employment; Terms of Trade between

Agriculture and Industry. Services- Service Sector in Developing Economies: Role, growth and

sustainability; Infrastructure and its importance.

Unit-III

Trade and Development Experience: International Trade as an Engine of Growth; Static and Dynamic

gains from Trade; Prebisch-Singer Thesis vis-à-vis Free Trade experience of Developing Countries;

Two Gap- Myrdal view; Trade and Policy Debate: Export promotion, Import Substitution and Economic

Integration; Foreign Aid and Fiscal Policy for development.

Unit-IV

State and Economic Development: Roles of Market, State, and Civil Society in Economic

Development; Good Economic Governance and reforms; Development Planning: Financial System &

Macroeconomic Stability, Fiscal Policy for Inclusive Growth.

Suggested Readings:

1. Behrman, S. and T.N. Srinivasan (1995), Handbook of Development Economics, Vol. 3,

Elsevier, Amsterdam.

2. Bhagwati, J. and P. Desai (1970), India: Planning for Industrialization, Oxford University Press,

London.

(2015-16)

25

3. Brown, M. (1966), On the Theory and Measurement of Technical Change, Cambridge University

Press, Cambridge, Mass.

4. Chakravarti, S. (1982), Alternative Approaches to the Theory of Economic Growth, Oxford


5. Chakravarti, S. (1987), Development Planning: The Indian Experience, Clarendon Press, Oxford.

6. Chenery, H. and T.N. Srinivasan (Eds.) (1989), Handbook of Development Economics, Vols. 1

& 2, Elsevier, Amsterdam.

7. Dasgupta, P. (1993), An Enquiry into Well-being and Destitution, Clarendon Press, Oxford.

8. Ghatak, S. (1986), An Introduction to Development Economics, Allen and Unwin, London.

9. Gillis, M., D.H. Perkins, M. Romer and D.R. Snodgrass (1992), Economics of Development,

(3rd Edition), W.W. Norton, New York.

10. Grossman, G. and E. Helpman (1991), Innovation and Growth in the Global Economy, MIT

Press, Cambridge, Mass.

11. Higgins, B. (1959), Economic Development, W.W. Norton, New York.

12. Hirschman, A.O. (1958), The Strategy of Economic Development, Yale University Press, New

York.

13. Kindleberger, C.P. (1977), Economic Development, (3rd Edition), McGraw Hill, New York.

14. Lewis, W.A. (1955), The Theory of Economic Growth, George Allen and Unwin, London.

15. Meier, G.M. and J.E.Rauch (2005), Leading Issues in Economic Development, (8th Edition),

Oxford University Press, New Delhi.

16. Nayyar, D. (Ed.) (1994), Industrial Growth and Stagnation: The Debate in India, Oxford


17. Sen,A. (1983), Poverty and Famines, Oxford University Press, Oxford.

18. Sen, A.K.(Ed.) (1990), Growth Economics, Penguin, Harmondsworth.

19. Sen, A. (1992), Inequality Reexamined, Oxford University Press, Oxford.

20. Todaro, M.P. and S.C. Smith (2003), (8th Edition), Economic Development, Pearson Education,

Delhi.

21. Thirlwal, A.P. (1999), (6th Edition), Growth and Development, Macmillan, U.K.

(2015-16)

26

M.A.-ECONOMICS

SEMESTER-II

ECO-204

Statistics for Economists

Maximum Marks-100



Max. Time- 3 hrs.




Unit-I

Measures of Central Tendencies: Mean, Median, Mode and Quartiles

Measures of Dispersions: Range, Quartile Deviation, Mean Deviation, Standard Deviation, Variance

and Coefficient of Variation.

Probability and Distribution: Probability: concepts and definition, Laws of Addition and

Multiplication, Binomial, Poisson and Normal Distributions.

Unit-II

Index Numbers: Uses, Laspeyer‟s, Paasche‟s and Fisher Index Numbers; Base shifting, splicing and

deflating of index numbers, cost of living index numbers and consumer price index numbers.

Time Series: Components of time series and their decomposition, Methods of measuring trend, cyclical,

seasonal and irregular variation.

Unit-III

Sampling Methods: Census versus Sample Enumeration, Simple Random, Stratified Random,

Sampling error. Probability and Non-Probability Sampling, Determinants of Sample Size.

Theory of Estimation: Point and Interval Estimation, Properties of Good Estimators-Efficiency,

Unbiasedness and Consistency; Maximum Likelihood Methods; Confidence Intervals.

Unit-IV

Hypothesis Testing: Hypothesis Testing: Statistical Hypothesis- Simple V/S Composite, Critical

Reason, Type I and Type II Errors, Power of a Test, Student t, Chi-Square and F-tests One Way and

Two Way ANOVA.

Correlation: Simple Correlation, Pearson‟s, Spearman‟s Rank Coefficient.

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27

Suggested Readings:

1. Vohra, N.D. Quantative Techniques in Management, Tata McGraw Hill, New Delhi.

2. Speigal, M.R. Theory and Problems of Statistics, McGraw hill Book, London.

3. Allen, R.G.D. Mathematics Analysis for Economists, Macmillan, 1983.

4. Gupta S.C. and V.K. Kapoor, Fundamentals of Applied Statistics, S. Chand and Sons New Delhi.

5. Croxton, F.E.D. Cowden and S. Kliein, Applied General Statistics, Prentice Hall, New Delhi.

6. Yates, Frank, Sampling Methods for Census and Surveys, Charles, Griffin Co., London.

7. Gupta S.C. Fundamentals of Statistics, Himalaya Publishing House, New Delhi.

ECO-204: Practicum

Statistics for Economists

Maximum Marks-50

Max. Time- 3 hrs.

Practicals:

Systematic tabular summarization of data (before analysis),

Measures of central tendencies,

Measures of dispersions.

Statistical distributions: fitting binomial, Poisson and normal probability distributions to given data.

Testing of hypotheses: Tests of significance (mean, standard deviation),

Chi-squared test for goodness of fit, ANOVA (one way and two-way)

Correlations (Pearson‟s, Spearman‟s rank coefficient)

using calculators and Statistical Package.

(2015-16)

28

M.A.-ECONOMICS

SEMESTER-II

ECO-205

Public Economics

MaximumMarks-100



Max. Time- 3 hrs.




Unit – I

Efficient Markets, Market Failure & Externalities: Economic Rationale of Mixed Economy; The

Efficient Markets; Natural Monopolies and Market Failure; Non-Existence of Futures Markets and

Market Failure; Asymmetric Information and market Failure; The Problem of Externalities and their

Internalisation; The Coase Theorem.

Unit – II

Theory of Public Goods & Public Choice:Public Goods-Characteristics, Types and Efficient Provision

of Public Goods; Private Provision of Pure Public Goods; Bowen Model, Samuelson Theory; Thompson

Mechanism, Clarke Mechanism, Lindahl- Wicksell Mechanism; Theory of Club Goods.

Unit – III

Taxation: Key Concepts & Theory of Taxation; Efficiency and Equity Principles of Taxation; Incentive

Effects of Taxation on- Labour Supply,Supply of Savings and Risk Taking, Taxation and Investment,

Other Distorting Effects of the Tax System; Tax Incidence – Partial and General Equilibrium Analysis,

Mieszkowski Analysis of Tax Incidence,Keynesian Short Run Model of Tax Incidence, Dynamic Tax

Incidence.

Unit – IV

Public Expenditure & Public Debt: Public Expenditure: Wiseman Peacock Hypothesis, Wagner‟s Law

of Expenditure. Public Debt : Objectives and Sources, Classification and Effects of Public Debt, Burden

Controversy Theories – Classical, Modern and Buchanan thesis; Public Debt and Inflation; Management

and Redemption of Public Debt.

Suggested Readings:

1. Bruce, Neil, “Public Finance”, Addison- Wesley Educational Publishers, Inc.

2. Jones. Philip and Cullis, Jones, “Public Finance and Public Choice- Analytical Perspectives”,

Oxford University Press.

3. Stiglitz, Joseph, “Economics of the Public Sector”, W.W.Norton and Company,New

York/London.

4. Rosen, H.S., “Public finance”, Tata McGraw Hill.

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29

5. McNutt, P.A., “The economics of Public Choice”, Edward Elgar Publishing Inc.

6. Mueller, D.C., “Public Choice- I,II,III” Cambridge university Press, Cambridge.

7. Downs, A., “An Economic Theory of Democracy”, Harper and Row, New York.

8. Musgrave R.A and Peacock A.T., “ Classics in the Theory of Public Finance”, Mcmillan.

9. Boadway, Robin, “Public Sector Economics”, Cambridge, Winthrop Publishers.

(2015-16)

30

M.A.-ECONOMICS

SEMESTER-II

ECO-206

Computer Application in Economics

Maximum Marks-100



Max. Time- 3 hrs.




Unit-I

Word Processing: popular word processing packages; MS Word: formatting, graphics, mail-merge;

Spreadsheet: Spreadsheet as DBMS, spreadsheet as graphing: Excel; statistical processing of data;

graphing & summarizing data using excel; pivot tables; Spreadsheet functions: mathematical, statistical

and financial functions.

Unit-II

Information Technology in Business: Internet, Intranet, extranet, types of networks, networking &

sharing, IT Policy and legal framework in India.

E-commerce: meaning, basis and scope, E-business and E-transaction; security issues; E-governance in

India, information system for a business organization, Business models of E-commerce; digital

certificate, digital signature, encryption.

Unit-III

E-payment system: credit cards, e-wallet, e-cash, introduction to secure electronic transaction

(SET).Economics and Banking: need of e-banking, PC Banking, Internet Banking, remote banking,

mobile banking, introduction to cyber-crime and cyber-law.

Management Information System; Data Mining and analytics.

Unit-IV

Data Management Tools: basic concept of data, database tools, Introduction to DBMS: definition, role,

and purpose, advantages of databases, Database design; Statistical functions; statistical functions for

databases; summarizing and analysis of data; a brief introduction to Optimization problems.

Introduction to accounting software: Quicken, Peachtree, etc.

Suggested Readings:

1. Sinha, P.K., Computer Fundamental, BPB Publications, New Delhi.

2. Rajaraman, V. Fundamentals of Computers, Prentice Hall of India, New Delhi.

3. Parameshwaranm R. Computer Applications in Business, S. Chand and Company, New Delhi.

(2015-16)

31

4. David Whiteley, E-Commerce: Strategy, Technologies and Applications, Tata McGraw Hill,

New Delhi.

5. Goel, Sushil, Computer Application to Business & E-Commerce, Natraj Publishing

House, Karanl.

6. Lipschultz, M.M. and S. Lipschultz , Theory and Problems of Data Processing, Schaum's Outline

Series, McGraw Hill, New York

7. Madan, Sushila, Information Technology, Taxman Allied Services, New Delhi. P.T. Joseph, S.J.,

E-Commerce: An Indian Perspective, PHI Learning, New Delhi.

(2015-16)

32

ECO-206: Practicum

Computer Application in Economics

Maximum Marks-50

Max. Time- 3 hrs.

Practicals:

1. Practical Including MS word and Mail Merge

2. Graphs and charts in spreadsheet.

3. Graphing and summarizing data using Excel.

4. Data analysis using spreadsheet.

5. Demonstration of Pivot Table.

6. Illustration of statistical functions with spreadsheet.

7. Use of mathematical functions using spreadsheet.

8. Use of statistical functions in spreadsheet

9. Use of financial functions in spreadsheet.

10. To demonstrate layout of accounting Softwares with their working.

11. Gathering economic data from internet and other sources and importing it into excel for analysis.

12. To draw profit graph and loss graph according to economic values given.

13. Illustration of statistical functions in DBMS.

14. To Develop a set of graph on economic subjects using excel or Quattro Pro.

15. To estimate and plot regression lines with the help of spreadsheet.

16. To solve complex systems of equations numerically with the help of spreadsheet. 17. Use of spreadsheet to create large table of simulation data.

18. Using spreadsheet to solve optimization problems.

19. Use excels to track and compare a household budget to a city average.

(2015-16)

33

M.A.- ECONOMICS

SEMESTER-III

ECO-301

Money, Banking and Finance Maximum Marks-100



Max. Time- 3 hrs.




UNIT-I

The Demand for and Supply of Money:

Concept of money, Function and Types of Money; Post-War Controversy on the Definition of Money

and Money Supply – The Theoretical Debate and Empirical Attempts; Demand for Money: The

Classical Quantity Theory of Money, The Keynesian Approach, and Friedman’s Theory; Supply of

Money: Money Creation by the Banking System. High Powered Money and Money Multiplier.Measures

of Money Supply in India.

UNIT-II

Structure of Interest Rates and Monetary Policy:

The Expectations Theory, Liquidity Premium Theory, Market Segmented Theory, Preferred Habitat

Theory; Monetary Policy: Targets, Goals and the Trade Offs Among Alternate Goals, Lags in

Operation, Transmission Mechanism –Classical Model, Keynesian Model and Monetarist Model, Rules

vs. Discretion

UNIT-III

Central and Commercial Banking:

Origin & Evolution, Major Functions & Policy Tools of Central Bank; Central Bank of India - RBI –

Monetary Policy and Autonomy. Commercial Banking: Functions, Major Developments in Commercial

Banking in India since Nationalization; Banking Sector Reforms.

(2015-16)

34

UNIT-IV

Capital Market & Financial Institutions in India:

Capital Market – Growth & Components, Capital Market Reforms and role of SEBI; Structure of

Financial System in India; Development Financial Institutions: QFI, NBFCs in India.

Recommended Readings:

• Bofinger Peter (2001): Monetary Policy: Goals, Institutions, Strategy and Instruments, Oxford

University Press.

• Dennis Geoggrey, E.J. (1981): Monetary Economics, Longman.

• Dinlio, A. Eugene (LatestEdition): Theory and Problems of Money and Banking,

InternationalEdition (Schaum’s Outline Series).

• Fabozzi, F. J. and FrancoModigliani (Fourth Edition)(2009): Capital Markets Institutions and

Instruments, Prentice Hall, New Jersey.

• Government of India: Economic Survey (Recent Issues).

• Howells, Peter and Bain Keith(2002): The Economics of Money, Banking and Finance, Prentice

Hall, Pearson Education Ltd.

• Khanna, Perminder (2005): Advanced Study in Money and Banking Theory and Policy

Relevance in the Indian Economy, Atlantic Publishers, NewDelhi.

• Kulkarni, G. (1999): Modern Monetary Theory, Macmillan, New Delhi.

• Mankiw, N.G. (Fifth Edition)(2008): Macro-economics, Macmillan Worth Publishers, New

York.

• Mohan Rakesh (2009): Monetary Policy in a Globalized Economy – A Practitioner’s View,

Oxford University Press.

• Reserve Bank of India: Various Reports.

(2015-16)

35

M.A.- ECONOMICS

SEMESTER-III

ECO-302

International Economics Maximum Marks-100



Max. Time- 3 hrs.




UNIT – I

Theories of International Trade:

Theories of Absolute Advantage, Comparative Advantage and Opportunity Costs; Heckscher Ohlin

Theory of Trade, Factor Price Equalization, Empirical Testing of Heckscher Ohlin Theory; Intra-

Industry Trade – Concept, Reasons and Measurement; Product Cycle Theory, Technology Gap.

UNIT – II

Gains from International Trade:

Measurement of gains from trade and their distribution; Concepts of terms of trade, their uses and

limitations; Hypothesis of secular deterioration of terms of trade, its empirical effects of relevance and

policy implications for less developed countries; Theory of interventions (Tariffs, quotas and Non

tariff)-Economic effects of tariffs (Partial and General Equilibrium analysis ) Tariff and Stopler

Samuelson Theorem; Optimum rates of tariffs – their measurement and effective rate of Protection.

UNIT – III

The Balance of Payments and Adjustments Processes:

BOP: Concept, Components and Causes of disequilibrium; The Process of Adjustment Under:

Gold Standard – Species Flow Mechanism, Fixed Exchange Rate – Devaluation, Marshal Lerner’s

Conditions, Keynesian Absorption Approach, J-Curve Effect, Flexible Exchange Rate -Mundell

Fleming Model; Foreign Trade Multiplier.

(2015-16)

36

UNIT – IV

The International Monetary System and Regionalism:

International Monetary Fund-Working and conditionality clause of International monetary Fund;

Functions and Achievements of GATT/WTO; World Bank and India; Regionalism: Various Forms of

Economic Integration; the Theory of Customs Union, Static and Dynamic effects of a customs union and

free trade area; SAARC, ASEAN, EU.

RECOMMENDED READINGS

• Bhagwati, J N (1998): International Trade: Selected Readings, McMillan University Press.

• Cherunilam, F. (2008): International Economics, The Tata McGraw-Hill Companies, New Delhi.

5th

Ed.

• Clement Mpfister, R L & Rothwell, K J: Theoretical Issues in International Economics, (1967)

Constolete and Company Ltd.

• Ellsworth, P T & Clark Leith (1975): The International Economy, McMillan Press.

• James C and Robert, M Dunn, Jr. (2004): International Economics, John Viley & Sons. Inc.

• Jones, R W & Kenen, P B (2003): Handbook of International Economics, Vol. I, II and III,

Elsevier Amsterdam.

• Krugman P R & Obstfeld Maurice: International Economics- Theory and Policy, (2000)

Addison-Wesley.

• MiaMikic (1998): International Trade, McMillan Press, London.

• Oded Shenkar &Yadong Luo (2004): International Business, John Wiley & Sons Inc.

• Peter H Lindert (1969): International Economics, N J PrincetonUniversity Press.

• Salvatore, Dominick (2004): International Economics, John Viley& Sons Inc.

• Sodersten, B O & Geoffery Reed (1994): International Economics, McMillan, London.

(2015-16)

37

M.A.- ECONOMICS

SEMESTER-III

ECO-303

Basic Econometrics Maximum Marks-100



Max. Time- 3 hrs.




Unit – I

Definition, Scope and Methodology of Econometrics; Simple Linear Regression Model; The Method of

OLS Estimates; Assumptions of the SLR Models and the properties of OLS estimators; OLS estimators

of slope coefficient and intercept: derivation and interpretation; Standard deviations and standard errors

of regression coefficients: derivation and interpretation; Statistical significance of OLS estimators:

Hypothesis Testing using t-tests, Coefficient of determination R2

and Correlation Coefficients.

Unit – II

Multiple Linear Regression Model (MLR); Properties of OLS- estimators of MLR with two explanatory

variables; Determination coefficient R2; Adjusted R

2; Testing Hypothesis using t and F –statistics;

Derivation and Interpretation of confidence intervals; General Linear Regression Model, Gauss- Markov

theorem; Functional Forms of Regression Models.

Unit – III

Nature, Test, Consequences and remedial solutions for problems of Heteroscedasticity, Multicollinearity

and Autocorrelation; Generalized Least Square.

Unit – IV

Specification of Regression Variables, Errors of Measurement; Dummy variables: Use of Dummy

Variable, Slope Dummy Variable; The Chow test, Simultaneous Equation Models ; Simultaneous

Dependence of Variables and Consequences ; Simultaneous Bias ; the problem of Identification; Rules

of Identification- Order and Rank Conditions ; Implications of the Identification State of Model

(2015-16)

38


• Amemiya, T. (1985), Advanced Econometrics, Harvard University Press,Cambridge,

• Englewood Cliffs, New Jersey. Johnson J. (1991), Econometric Methods, MCGraw Hall Book

Co. London Kmenta J. (1998), Elements of Econometrics, University of Michigan

Press,NewYork.

• Goldberger, A.S. (1998), Introductory Econometrics, Oxford University Press, New York.

• Gujarati, D.N. (1995), Basic Econometrics (2nd Edition) MC Graw Hill NewDelhi.

• Intrilligator, M.D. (1978), Econometric Methods, Techniques and Applications,Prentice Hall.

• Koutsoyiannis, A. (1977), Theory of Econometrics, The Macmillan Press Ltd.London

• Maddala G.S.(Ed) (1993), Econometric Methods and application, Aldershot U.K.,

• Mass. Baltagi, B.H. (1988), Econometrics, Springer, New York.

• Pindyck R.S. and D.L. Rubinfield (1976), Econometric Models and Economic Forecasts,

MCGraw Hill Kogakusha Tokyo

• Theil H. (1981), Introduction to Econometrics, Prentice Hall of India, New Delhi.

• Wooldridge, J. (5th

edition, 2014), Introductory Econometrics- A Modern Approach, South

Western Cengage Learning

(2015-16)

39

M.A.- ECONOMICS

SEMESTER-III

ECO-304

Agricultural Economics Maximum Marks-100



Max. Time- 3 hrs.




UNIT-I

Introduction:

Nature and Scope of Economics of Agriculture; Specificities of Farm Organisation and Agricultural

Production and Markets; Inter-sector Linkages of Agriculture [Backward and Forward Linkages and

Feedback Effects]. Place of Agriculture in Indian economy. Barriers to Agriculture.

UNIT-II

Agricultural Production, Productivity and Risk :

Agricultural Production- Resource use and efficiency; Factor combination and resource substitution,

Inter-regional variation in growth of output and productivity, Cropping pattern shifts ; Farm Budgeting

and cost concepts; Resource use efficiency in traditional agriculture; Technical change , Labour

absorption and gender issues in agricultural services; Nature and Types of risks and uncertainties in

agriculture.

UNIT-III

Agricultural Transformation:

Schultz Theory of Transformation of Traditional Agriculture;

Mellor’s Model of Agricultural Development;

Hayami-Ruttan Induced Innovation Model of Agricultural Development.

Agricultural Transformation: Indian perspective.

UNIT IV

Agriculture and Globalization:

The New Economic Policy and Indian Agriculture: Main Features of International Trade in Agricultural

Commodities, Agriculture in GATT Negotiations and WTO; Recent Developments in Indian

Agriculture Policy.

(2015-16)

40


• Basu, K.Agrarian Structure and Economic Under Development

(HarwoodAcademic,London,1980).

• Bhalla G.S.andY.K.Alagh Performance of Indian Agriculture - a district-wise Study.

• Dantwala, M.L. (ed.) Indian Agricultural Development since Independence.

• Donner,Peter:Land Reforms and Economic Development.

• Frankel, Francis, R India's Green Revolution, Economic Gain and Political Costs

(OUPBombay1971).

• Ghatak Subrata and Ken Ingersent : Agriculture and Economic Development, Harvestor Press

Ltd., London. 1984

• Ghatak, S.andKenIngersentAgricultureandEconomic Development.

• Government of India: Five Year Plan, (Latest), Planning Commission, Government of India,

New Delhi.

• Government of India: National Agricultural Policy, Ministry of Agriculture, Government of

India, New Delhi. (Latest).

• Hayami, Y and Rattan, V.M. Agricultural Development: An Inter- national Perspective.

• Lehman,Davir(ed)AgrarianReformandAgrarian reforms in India.

• Lekhi R.K. & Singh Joginder, Agricultural Economics, Kalyani Publishers, New Delhi.

• MetacalfD.TheEconomicsof Agriculture.

• RudraAshokIndianAgriculturalEconomics: MythandRealties (AlliedPub.NewDelhi1982).

• Sadhu,A.N. and A Singh, Agricultural Problems in India (Himalaya Publishing House, Bombay).

• Schult,T.Z.Transforming TraditionalAgriculture(Yale University Press,1964).

• Soni, RN. Leading Issues in Agricultural Economics (Sohan Lal Nagin Chand Co.Jalandhar,

2006.)

• World Bank: Rejuvenating Indian Agriculture, Washington, World Bank, 2006

(2015-16)

41

M.A.- ECONOMICS

SEMESTER-III

ECO-305

Economy of Haryana Maximum Marks-100



Max. Time- 3 hrs.




Unit-I

Geographical, Economic and Social features of Haryana:

Goegraphical Features & Natural Resources of Haryana ( Major Divisions, Climate, Rainfall, Land &

Soil, Minerals etc.); Economic Structure & Inter-sectoral Linkages, Recent trends in sectoral output,

employment & inter sectoral transactions; Social & Demographic features : main religious communities,

social groups/ categories (Gen,OBC,SC), Growth of Population, Sex Ratio, Trends in Urbanisation,

Work Participation Rate (male & female), Development profile of Haryana (trends in SDP, Per Capita

Income, HDI, Literacy Rate, Life Expectancy etc).

Unit-II

Agriculture in Haryana:

Growth and Productivity ; Critical assesment of Green Revolution Strategy; Diversification of

Agriculture: Need, Scope & Constraints; Environmental Issues & Sustainable Agriculture Development,

Access to Credit; Indebtedness among Farmers, Optimal Size of Land Holdings, Collective and Contract

Farmings.

Unit-III

Industry and Services in Haryana

Growth and Pattern, Types & Spatial Distribution, Issues and Challenges to Balanced Regional

Industrialisation, Small Scale and Agro Industires: Status and Problems

Service sector in Haryana: growth and heterogenity (Modern, Impersonal & Traditional services),

Physical and Social Infrastructure; Energy, Transport & Communication, Health & Education

(2015-16)

42

Unit-IV

State Finances:

Sources of Revenue & Pattern of Expenditure, Fiscal Management in Haryana- a critical Appraisal,

Haryana’s Development Experience: Regional, Social and Gender Disparities; Critical assesment of

State Devlopment Policies; Challenges and Perspectives on Inclusive Devlopment of states.

Recommended Readings

• Edger M. Hoover: An Introduction to Regional Economics, Alfred A. Knopt, New York

• D.R. Choudhary (2007), Haryana At Cross Roads: Problems and Prospects National Book

Trust, India, New Delhi.

• S.P. Gupta, Three Decades of Haryana Economy, S P Publications, 144, Shivalik Enclave (NAC)

Manimajra – 160101

• Ministry of Finance; Government of Haryana: Haryana Statistical Abstract (various issues)

• Ministry of Finance; Government of Haryana: Economic Survey (various Issues)

• Planning Commission, Govt. of India (2009): Haryana Development Report, Govt. of India, New

Delhi.

• Various research papers and research studies.

(2015-16)

43

M.A.- ECONOMICS

SEMESTER-III

ECO-306

Energy Economics Maximum Marks-100



Max. Time- 3 hrs.




UNIT – I

Fundamental Concepts of Energy:

Meaning and Concepts of Energy; Significance of Energy- Definition, Nature, Scope and Importance;

Different sources of Energy- Renewable and Non Renewable; economic importance of Non Renewable

Energy; Commercial and Non Commercial Energy Sources; Current Challenges in Energy Market

UNIT-II

Demand and Supply of Energy:

Energy demand, estimating demand for energy- price and income elasticity- complementarity/

substitutability issues- demand estimation under administered pricing regimes; future demand for

energy; energy supply and the economics of depletable resources: renewable and non renewable sources

of energy, energy intensity and elasticity, drivers of world energy demands, trends in energy supply and

consumption; world oil market and energy security and geopolitics; economic efficiency vs equity

considerations- pricing under supply constrained framework

UNIT-III

Energy - Environment Interaction:

Energy crisis- causes and consequences, Impact of Energy Consumption on Environment- Focus on

CO2 Emission Cap, Energy Modeling in context of Climate Change, Fuel, Technology at Local,

National & International level, Carbon Market

UNIT-IV

Energy Conservation & Management:

Energy Efficiency, Conservation as an Energy Resource; Factors affecting Conservation; Public Utility

Regulation; Energy Auditing; Accounting, Peak Load Pricing and Taxes, Economic Regulation of

Energy Market; Energy Planning and Policy in India; Key Development in India’s Energy Policy and

Planning in context of Energy, Efficiency and Environmental concern; Role of Economists in promoting

Sustainable Energy Management.

(2015-16)

44

Recommended readings :

• Aggarwal, M.C. and Monga, J.R., Economics and Commercial Geography (National Publishing

House, New Delhi, 1992).

• Aggarwal, S.K., Environmental and natural resources Economics (Scott Foresman & Co.

London, 1985).

• Bhattacharyya, S.C.(2011). Energy Economics: Concepts, Issues, Markets and Governance.

Springer-Verlag: London, UK.

• Bohi, D.P. 1981, Analyzing Demand Behavior- A study of Energy Elasticity, John Hopkins

University Press.

• Dahl, C.A. (2004). International Energy Markets: Understanding Pricing, Policies, and

Profits.Penn Well Corporation: Tusla, Oklahoma.

• Kneese, A.V and Sweeny, J.L., Handbook of Natural Resources and Energy.

• Thomas, Tietenbur. Environmental and Natural Resources Economics, Seventh Edition, Boston

(2006).

• U.Shankar, Public Sector Pricing: Theory and Applications, Indian Economic Association, Trust

for Research and Development, 1992.

• Vijay, Vaitheeswaran, (2001), A bright future of Survey of Energy, the economists.

(2015-16)

45

M.A.-ECONOMICS

SEMESTER-III

ECO-307

Current Economic Affairs

Maximum Marks: 50

Theory Examination: 40

Internal Assessment: 10

Time: 3 hrs

Note: There shall be ten questions in all. Two questions will be asked from each unit. Student will

have to attempt one question from each unit. Each question shall carry equal marks.

Objective: This course aims to develop business analytics skills among the students

Unit-I: Current Affairs in Business Industry

Unit-II: Current Affairs in Human Resources

Unit-III: Current Affairs in Finance

Unit-IV: Current Affairs in Economics

Unit-V: Current Affairs in Marketing

Instructions for Examiner:

1. This paper will be based on the leading economics newspapers: „The Economic Times‟.

2. The duration of the course will be June to November for Semester-I and December to May for

Semester-II.

3. Examiner is required to set two questions from Each Unit with equal marks from the respective

unit, i.e. 08 marks. A question may carry „n‟ number of sub-parts, depends on Examiner‟s

discretion.

4. The student shall attempt one question from each unit.

Suggested Readings:

1. The Economic Times

(2015-16)

46

M.A.-ECONOMICS

SEMESTER-IV

ECO-401

Indian Economy

Maximum Marks-100



Max. Time- 3 hrs.




UNIT – I

Growth and Structural Changes in the Indian Economy:

State of the Indian Economy since Independence: National Income, sectoral contribution and

occupational distribution; Need, features and impact of Economic Reforms in India; Present Challenges

of Indian Economy.

UNIT II

Sectoral Growth:

Agriculture: Pattern of Growth of Indian Agriculture since 1950; Green Revolution, Sustainabilty in

Indian Agriculture; Food Security - Problem and Policy Options, Agricultural Finance and marketing;

Industry: Industrial growth since independence; Industrial Policy in pre and post reform period,; Impact

of New Economic Policy on Indian Industry, Ends and Issues; National Manufacturing Policy 2011;

New Policy Initiatives.

Service Sector: Growth and composition of service sector in India.

UNIT III

External Sector:

Foreign Trade- volume, composition and direction; Trade Policy during Post Reform Period; Problems

of Balance of Payments; Convertibility of rupee; Growth of FDI, SEZs.

UNIT IV

Fiscal and Financial Sector:

Fiscal Federalism- Centre State financial relations, Fiscal reforms

Financial sector reforms, growth of capital market and associated problems.


Acharya Shankar and Rakesh Mohan (Eds.) :( 2011) India‟s Economic Performance and

Challenges: in Honour of Montek S Ahluwalia, New Delhi, Oxford University Press.

Ahluwalia, I J (1985) : Industrial Growth in India, Oxford University Press,New Delhi

(2015-16)

47

Ahluwalia, I.J. & Little, IMD (Eds.) (2008) : India‟s Economic Reforms & Development

(Essays in Honour of Manmohan Singh), Oxford University Press, New Delhi

Brahmananda, P R and Panchamukhi, V R (Eds.) :( 2001) Development Experience in the Indian

Economy: Inter-State Perspectives, Bookwell, Delhi.

Brahmananda, P R and Panchmukhi, V R (eds.): (1987) The Development Process of Indian

Economy, Himalya Publishing House, Bombay.

Byres, T J (Ed.) (1998) : The Indian Economy: Major Debates since Independence; Oxford


Derez, J and Amartya Sen (2002): India Development and Participation, Oxford University

Press, New Delhi.

Economic and Political Weekly: Various Issues.

Government of India : Economic Survey (Annual), Ministry of Finance,

Jalan , B (1992) : The Indian Economy - Problems and Prospects, Viking, New Delhi

Kapila, Uma (2012-13): Indian Economy since Independence, Academic Foundation, New

Delhi.

Krueger, A.O. (Ed) (2002) : Economic Policy Reforms and the Indian Economy, Oxford

University Press, New Delhi

Lucas, E B & Papanek, G F (Eds) (1988) : The Indian Economy- Recent Development and

Future Prospects, Oxford University Press, New Delhi

New Delhi

(2015-16)

48

M.A.-ECONOMICS

SEMESTER-IV

ECO-402

Environmental and Resource Economics Maximum Marks-100



Max. Time- 3 hrs.




UNIT-I

Issues in Environmental Economics:

An introduction to environmental economics, economy-environment interaction, market failure,

property rights, open access resources, collective action, environment and development trade-off –

environmental Kuznets‟s curve

UNIT-II

Environmental Valuation Methods:

Types of values: Use, Option and non-use values, Classification of Valuation Methods, Stated

Preference Methods, Revealed Preference Methods, Travel cost method, Hedonic Property value and

Hedonic wage methods.

UNIT-III

Depletable and Renewable Resources

Depletable Resources: Efficient interpertemporal Allocations, Market allocation and Environmental

costs, Renewable Resources; transitioning to renewable such as hydroelectric power, wind, Solar

Energy, Bio Fuels etc.

UNIT-IV

Economics of Pollution control:

Trans boundary pollution policies, Global Warming and climate change; Environmental policy-

Command and Control versus market mechanisms; Uncertainty and instrumental choice; regulatory

compliance and enforcement; Eco-taxes and other fiscal measures.


U.Shankar, Public Sector Pricing: Theory and Applications, Indian Economic Association, Trust

for Research and Development, 1992.

Baumol, W.J, and W.E. Oates, The Theory of Environmental Policy, Cambridge

Freeman, A. M., The Measurement of Environmental and Resource Values, 2nd

Hanley, N., J.F. Shogren, and B. White, Environmental Economics: In Theory and

• Kolstad, C., Environmental Economics, Oxford University Press, 2000 Edition, Resources for the

Future, 2003 Practice, Macmillan India Ltd., 1997 University Press, 1988.

(2015-16)

49

M.A.-ECONOMICS

SEMESTER-IV

ECO-403

Applied Econometrics

Maximum Marks-100



Max. Time- 3 hrs.




UNIT I

Simultaneous Equation Methods:

Recursive Models and Ordinary Least Squares, Method of Indirect Least Squares (ILS), the Instrumental

Variables, the method of Two Stage Least Squares (2SLS), Three Stage Least Squares (3SLS) Bias and

Estimation of Standard Err ors of Estimators, Applications.

UNIT II

Dynamic Econometric Models: The Role of Time or Lag in Economics, The reasons for Lags,

Estimation of Distributed Lag Models, the Koyck Approach to Distributed Lag Model, The Almon or

Polynomial Distributed Lag Models.

UNIT III

Time Series Models:

Key Concepts: Stochastic Process; Stationarity and Non- Stationarity Process , Purely Random Process,

Random Walk Models, Spurious Regression, Unit Roots, ARIMA, GARCH,VAR, Dicky-Fuller Test,

Co-integration, Granger Causality, Error Correction Models.

UNIT I V

Qualitative Variable Models and Panel Data Models:

The Nature of Qualitative Response Models- The Linear Probability Model- The Logit Model-Probit

Model- Tobit Model – the Poisson Regression Model.

Panel Data Regression Analysis: Panel Data, Unobserved Heterogeneity Problem. Pooled Regressions.

Fixed Effect Regressions. Within-groups Regression Models. First Differences Regression Models.

Least Squares Dummy Variables (LSDV) egression models, Random effect regressions.

References:

1. Damodar Gujarathi “Basic Econometrics”, Tata McGraw Hill Ltd, 1999.4th Ed.

2. William H. Greene “Econometric Analysis,” Pearson Education.

3. A.Koutsoyiannis, “Theory of Econometrics: An Introductory Exposition of Econometric Methods”,

Educational Low-Priced Books Scheme, McMillan Education Ltd., (1992)...ls2.

4. Dr. M. Upender, “Applied Econometrics,” Vrinda Publications (P) Ltd.

(2015-16)

50

M.A.-ECONOMICS

SEMESTER-IV

ECO-404

Industrial Economics Maximum Marks-100



Max. Time- 3 hrs.




UNIT I

Framework of Industrial Economics:

Concept, history and scope; Concept and organisation of a firm – ownership, control and objectives;

Passive and Active behaviour of the firm; Emergence of Modern Corporates: characteristics & dominant

position. Theories of Industrial Location: Weber and Sargent Florence; Factors affecting industrial

location.

.

UNIT II

Market Structure:

Determinants of the growth of the firm, Theory and Evidence; Market Structure: seller‟s concentration,

product differentiation, Entry conditions, Economies of Scale, Market structure and Profitability; Market

Structure and Innovation.

UNIT III

Product Pricing- Public and Private Sector; Methods of Project Evaluation, Mergers and Acquisitions (

M&A‟s ) and Diversification.

UNIT-IV

Public Policy and Industrial Finance:

Public Policy for Industrial development in India since Independence – a critique; Pattern of Industrial

growth and changes in industrial structure; Industrial Finance in India: role, nature, volume and types of

institutional finance – IDBI, IFCI, SFCS, Commercial Banking, Assessment of financial soundness.


Ahluwalia, I.J. (1985), Industrial Growth in India, Oxford University Press, New Delhi.

Barthwal, R.R. (1985), Industrial Economics, Wiley Eastern Ltd. New Delhi.

(2015-16)

51

Cherunilam, F. (1994), Industrial Economics: Indian Perspective (3rd

Edition), Himalaya Publishing

House, Mumbai.

Desai, B. (1999), Industrial Economy in India (3rd

Edition), Himalaya Publishing House, Mumbai.

Divine, P.J. and R.M. Jones et. al. (1976), An Introduction to Industrial Economics, George Allen

and Unwin Ltd., London.

Government of India, Economic Survey (Annual).

Hay, D. and D.J. Moris (1979), Industrial Economics: Theory and Evidence, Oxford University

Press, New Delhi.

Kuchhal, S.C. (1980), Industrial Economy of India (5th

Edition), Chaitanya Publishing House,

Allahbad.

Reserve Bank of India, Report on Currency and Finance (Annual).

Shy, Oz., Industrial Organization: Theory and Applications, MIT Press, 1995.

Tirole, J., The Theory of Industrial Organization, MIT Press, 1988.

(2015-16)

52

M.A.-ECONOMICS

SEMESTER-IV

ECO-405

Labour Economics Maximum Marks-100



Max. Time- 3 hrs.




UNIT-I

Labour Markets:

Nature and characteristics of labour markets; Operation of the labour market under different market

structures, Mobility and productivity of labour; Demand for Labour in relations to size and pattern of

investment; Discrimination in the Labour Market; Supply of labour in relation to growth of labour force;

The Theory of Human Capital.

UNIT-II

Employment:

Employment and developing relationship- Poverty and unemployment in developing countries;

Unemployment- Concept, Types and Measurement; Technological Change and Modernisation of

Employment in Organised private Industry; Employment in Public Sector Industry; analysis of educated

unemployment.

UNIT- III

Wage Determination:

Marginal Productivity Theory; Classical, neo-classical and bargaining theories of wage determination;

Concepts of Minimum Wage and Fair Wage and living wage; Wage Determination in – Organised-

Unorganised Sector; Bonus System and Profit Sharing.

UNIT- IV

Labour Force in India:

Structure of Industrial Labour; Globalisation and Labour; Gender Dimensions of industrial labour;

Industrial Disputes Act, 1947 and Factories Act, 1948. Industrial relations- Trade Union, Workers

participation in management and Collective Bargaining; Exit Policy and Safety Nets; National

Commission on Labour Reports.


Deshpande L.K. and J.C. Sandesara, (Eds.), (1970), Wage Policy and Wages Determination in

India, Bombay University Press, Bombay.

Gokarn, Sen&Vaidya (2003): The Structure of Indian Industry, OUP

(2015-16)

53

Hajela, P.D. (1998), Labour Restructuring in India: A Critique of the New Economic Policies,

Commonwealth Publisher, New Delhi.

Harmonds worth.Das, N. (1960), Unemployment, Full Employment and India, Asia Publishing

House, Bombay.

Hicks J.R. (1932), The Theory of Wages, Clarendon Press, Oxford.

Lester, R.A. (1964), Economics of Labour, (2nd Edition), Macmillan, New York.

Mazumdar, D. (1989), Micro-economic Issues of Labour Markets in Developing Countries, EDI

Services Paper No. 40, World Bank, Washington D.C.

McConnell, C.R. and S.L. Brue (1986), Contemporary Labour Economics, McGraw-Hill, New

York.

McCormickm B. and Smith (Eds.)(1968), The Labour Market, Penguin,

Memoria, C.B. (1966), Labour Problems and Social Welfare in India, Kitab Mahal, Allahbad.

Misra, L. (2000), Child Labour in India, Oxford University Press, New Delhi.

Papola, T.S., P.P. Ghosh and A.N. Sharma (Eds.) (1993), Labour, employment andindustrial

Relations in India, B.R. Publishing Corporation, New Delhi.

Punekar, S.D. (1978), Labour Welfare, Trade Unionism and Industrial Relations, Himalaya

Publishing House, Bombay

Riveros, L. (1990), Labour Market Policies and Labour Market Reforms in Socialist Economies,

World Bank, Washington D.C.

Singh V.B. (Ed.) (1970), Industrial Labour in India, Popular Parakashan, Bombay.

Venkata Ratnam, C.S. (2001), Globalization and Labour-Management Relations: Dynamics of

Change, Sage Publications/Response Books, New Delhi.

(2015-16)

54

M.A.-ECONOMICS

SEMESTER-IV

ECO-406

Economic Environment of Business Maximum Marks-100



Max. Time- 3 hrs.




UNIT-I

Business Environment:

Cultural, social, political, technological, economic and legal environment -scanning-techniques of

environmental forecasting -SWOT –Internal environment and their impact on policy formulation.

UNIT-II

Economic reforms in India: Liberalization, Privatization and globalization Competitive Strength of Indian industry -Impact of

liberalization policy on different sectors –Foreign Investments policy in India. Multinational

corporations -Their participation in India –Their strategies, competitive strengths policies and

performance.

UNIT-III

Industrial Policies:

A brief review of industrial policies since independence, Industrial policy of 1991 and recent

developments, Policy on foreign direct investment in Indian industry. Fiscal Policy: Public revenues,

public expenditure, public debt, development activities financed by public expenditure, an evaluation of

recent fiscal policy of Government of India –Monetary Policy: Demand for and supply of money,

Objectives of monetary and credit policy, recent trends- Role of Finance Commission. Integration of

World‟s economies and its impact on Indian Business.

UNIT-IV

International Environment:

MNC, foreign collaborations and Indian Business. NRI and corporate sector, World Bank, IMF and

India. World as a global village. WTO–its impact: trade barriers, TRIPS, TRIMS. Public sector and

private sector, Development Banks, Economic reforms, SAP. Changing dimensions of various industries

in India.

(2015-16)

55


Francis Cherunilam: Business Environment -Text & Cases, Himalayan Publishing House,

Mumbai.

Gupta, Liberalisation -Its Impact on Indian Economy, Macmillan.

K.V.Sivayya and VBM Das: Indian Industrial Economy, Sultan Chand Publishers, Delhi.

Kazhmi Azhar, Business Policy, TMH.

M. Adhikari: Economic Environment of Business, Sultan Chand & Sons, New Delhi.

Pandey G.N., Environmental Management, Vikas Publishing House.

Prof. Laxmi Narain: Globalization, Liberalization and Privatization of Public Enterprises, Sultan

Chand & Co, New Delhi.

Suresh Bedi: Business Environment, Excel, New Delhi.

Wheelen, Concepts of Strategic Management and Business Policy, Pearson Education, New

Delhi

William Gluck & L R Jauch, Business Policy & Strategic Management, McGraw-Hill New

Delhi.

(2015-16)

56

M.A.-ECONOMICS

SEMESTER-IV

ECO-407

Current Economic Affairs

Maximum Marks: 50

Theory Examination: 40

Internal Assessment: 10

Time: 3 hrs

Note: There shall be ten questions in all. Two questions will be asked from each unit. Student will

have to attempt one question from each unit. Each question shall carry equal marks.

Objective: This course aims to develop business analytics skills among the students

Unit-I: Current Affairs in Business Industry

Unit-II: Current Affairs in Human Resources

Unit-III: Current Affairs in Finance

Unit-IV: Current Affairs in Economics

Unit-V: Current Affairs in Marketing

Instructions for Examiner:

1. This paper will be based on the leading economics newspapers: „The Economic Times‟.

2. The duration of the course will be June to November for Semester-I and December to May for

Semester-II.

3. Examiner is required to set two questions from Each Unit with equal marks from the respective

unit, i.e. 08 marks. A question may carry „n‟ number of sub-parts, depends on Examiner‟s

discretion.

4. The student shall attempt one question from each unit.

Suggested Readings:

1. The Economic Times

ch. bansi lal university, bhiwani€¦ · (2015-16) 1 ch. bansi lal university, bhiwani examination...

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