DAYALBAGH EDUCATIONAL INSTITUTE DEPARTMENT OF ECONOMICS (FACULTY OF SOCIAL SCIENCES)
LIST OF COURSES & SYLLABUS: 2017-18
Course Course Title Credits End Sem. Theory/ Number Exam.Exists 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
(1 ) 19 December, 2018
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.
(2 ) 19 December, 2018 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)
(3 ) 19 December, 2018 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
(4 ) 19 December, 2018 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.
(5 ) 19 December, 2018 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
(6 ) 19 December, 2018 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.
(7 ) 19 December, 2018 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)
(8 ) 19 December, 2018 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.
(9 ) 19 December, 2018 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
(10) 19 December, 2018 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.
(11) 19 December, 2018 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.
(12) 19 December, 2018 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
(13) 19 December, 2018 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
(14) 19 December, 2018 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
(15) 19 December, 2018 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
(16) 19 December, 2018 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.
(17) 19 December, 2018 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
(18) 19 December, 2018 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
(19) 19 December, 2018 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.
(20) 19 December, 2018 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,
(21) 19 December, 2018 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)
(22) 19 December, 2018 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.
(23) 19 December, 2018 Course Number: DBE704, Course Title: QUANTITATIVE TECH.-BUS. & ECO. ANAL. 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: PROBABILITY THEORY Basic Definitions: Sample Space and Probabilities, Basic Rules for Probability- Range of Values, Mutually Exclusive Events, Conditional Probability, Combinatorial Concepts, Bayo’s Theorem, Stirling’s Approximation to n!, Mathematical Expectation UNIT 2: STATISTICAL INFERENCE ESTIMATION AND HYPOTHESIS TESTING The Meaning of Statistical Inference, Twin Branches of Statistical Inference, Estimation of Parameters, Properties of Point Estimators (Linearity, Unbiased ness, Minimum Variance, Efficiency, Best Linear Unbiased Estimation (BLUE), Consistency, Hypotheses Testing.(T,F, Chi- Square), Regression Analysis UNIT 3: ELEMENTARY LINEAR ALGEBRA 2-,3- and n- Dimensional Row and Column Vectors, Vector Addition and Scalar Multiplication, Length of a Vector, Orthogonality Matrices and Matrix Operations, Rank, Elementary Row Operations and Computation of Rank, Determinants, The Ad -Joint Matrix and Formula for Inverse, Linear Equation Systems in Matrix and Vector Notation, Matrix Methods of Solution and Cramer’s Rule UNIT 4: DIFFERENTIAL CALCULUS AND APPLICATIONS Derivative of a Function, Techniques of Differentiation, Implicit Differentiation, Differentials and Linear Approximation Use of Exp and Log Functions, Optimization: Stationary Points, Local and Global Optima; Location of Turning Points of Inflexion Using Derivatives; Role of Concavity and Convexity. Applications, Limits of functions, maxima- minima, Constrained Optimization, Lagrange Multiplier, Economic Examples UNIT 5: INTEGRAL CALCULUS AND ECONOMIC APPLICATIONS The indefinite integral, The definite integral, Properties of integrals, Improper integrals, Techniques of integration, Linear, first order, autonomous difference equations,
SUGGESTED READINGS: A.C.Chiang: “FUNDAMENTAL METHODS OF MATHEMATICAL ECONOMICS”, McGraw Hills Murray S. Speigel: “STATISTICS”, Schaum Series Speigal, M.R. (1992): “THEORY AND PROBLEMS OF STATISTICS”, McGraw Hill Book Co. London. 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”
Course Number: DBE705, Course Title: CASE STUDY & VIVA VOCE Class: PGDBE/MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 4, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48
(24) 19 December, 2018 Course Number: DBE801, Course Title: BUSINESS AND ECONOMIC FORECASTING 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: INTRODUCTION TO FORECASTING Importance and overview of forecasting; Steps in forecasting; Types of data;Data patterns; Graphical representation; Summary statistics; Mathematical transformations; Measures of accuracy of forecasts UNIT 2: EXPONENTIAL SMOOTHING METHODS AND DECOMPOSITION Moving averages; Exponential smoothing methods and forecasting; Decomposition models; Additive and multiplicative decomposition; Forecasting and decomposition UNIT 3: SIMPLE REGRESSION METHODS Regression models; Inference and forecasting with simple regression UNIT 4: MULTIPLE REGRESSION ANALYSIS Time series regression and forecasting UNIT 5: QUALITATIVE AND TECHNOLOGICAL METHODS OF FORECASTING Jury of executive opinion; Surveys and market research based assessments; Delphi approach; Scenario building; Judgmental biases and limitations
SUGGESTED READINGS: Makridakis, S., S.C. Wheelwright, and R.J. Hyndman: FORECASTING METHODS AND APPLICATIONS, 3rd edition, John Wiley , 1998. Makridakis, S., and S.C. Wheelwright: FORECASTING METHODS FOR MANAGEMENT, 5th edition, John Wiley & Sons, 1989. Wilson, J.H. and B. Keating: BUSINESS FORECASTING, McGraw Hill, 2009. Hanke, J.E. and D.E. Wichern: BUSINESS FORECASTING, 8th edition, Pearson Education, 2007.
Course Number: DBE802, Course Title: FINANCIAL INSTITUTIONS & MARKETS Class: PGDBE/MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 5, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48
UNIT 1 Money and Finance- Money and Near Money, Financial Intermediation and Financial Intermediaries UNIT 2 The Structure of the Financial System, Functions Of Financial Sector, Indicators of Financial Development, Equilibrium in Financial Markets UNIT 3 Criteria to Evaluate Assets: Risk and Financial Assets, Types of Risk, Return on Assets, Risk-Return Trade off UNIT 4 Functions Of Central Bank- The Aims and Objectives of Monetary Policy in Developed and Developing Countries; Instruments of Monetary Policy; Credit Creation and its Control; Development Banks- Role and Functions; Investment Banking, Merchant Banking. UNIT 5 Non-Banking Financial Institutions: Definition, types, their growth and impact on India’s Economic Development, Measures taken to control their operations.
SUGGESTED READINGS: L M Bhole: “FINANCIAL INSTITUTIONS AND MARKETS”, 3/e, Tata McGraw Hill, 1999 M Y Khan: “INDIAN FINANCIAL SYSTEM”, 2/e, Tata McGraw Hill, 2000. H R Machiraju: “INDIAN FINANCIAL SYSTEM”, 2/e, Vikas Publishing House, 2002. A Vasudevan: “CENTRAL BANKING FOR EMERGING MARKET ECONOMICS”, New Delhi, Academic Foundation, 2003. Prasanna Chandra: "MANAGING INVESTMENTS", Tata McGraw Hill. Y. Venugopal Reddy: “ECONOMIC POLICY IN INDIA - MANAGING CHANGE”, VBSPD Pvt. Ltd. James A Hanson, Sanjay Kathuria: "INDIA- A FINANCIAL SECTOR FOR THE 21ST CENTURY” Oxford University Press. V. A. Avadhani: "FINANCIAL ECONOMICS - THEORY AND PRACTICE 1” - Millennium Ed. Himalaya Pub. Tannan M. L.: "BANKING LAW AND PRACTICE IN INDIA1”, India Law House
(25) 19 December, 2018 Course Number: DBE803, Course Title: INTERNATIONAL TRADE & FINANCE 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: TRADE THEORIES Determinants of Trade: Classical, Neo-classical and Modern trade theories, Gains from trade, Terms of trade,Tariff and Non tariff barriers UNIT 2: BALANCE OF PAYMENTS Meaning and Components of BOP, Equilibrium and Disequilibrium in the Balance of Payments, The Process of Adjustment Under System of Gold Standard, Fixed and Flexible Exchange Rules. Direct Controls for Adjustment. UNIT 3: FOREIGN EXCHANGE MARKETS Theories of Exchange rate determinations, dealers in foreign exchange market, foreign exchange quotations, spot and forward market for foreign exchange, currency futures and currency options markets, Effeciency in foreign exchange markets and exchange rate forecasting, exchange rate system in India, Exchange Rate Risk. UNIT 4: INTERNATIONAL FINANCIAL INSTITURIONS International Trade and Financial Institutions Functions of GATT/WTO/TRIPS/TRIMS, IMF, World Bank and Asian Development Bank – Their Achievements and Failures, WTO and World Bank from the point of view of India. UNIT 5: INTERNATIONAL TRADE POLICIES IN INDIA Recent Changes in Direction and Composition of Trade and their Implications, Rational and Impact of Trade Reforms Since 1991 on BOP, Employment and Growth. Working and Regulations of MNCs in India, Instruments of Export Promotion, Recent Export and Import Polices.
SUGGESTED READINGS: Krugman, Paul R & Maurice Obstfield (2003): “INTERNATIONAL ECONOMICS”, 6th Edition, Pearson Education Asia Bhagwati, J: “INTERNATIONAL TRADE”, Penguin Series Meir, G. M.: “INTERNATIONAL ECONOMICS OF DEVELOPMENT: THEORY AND POLICIES”, Harper D. Salvatore: “INTERNATIONAL ECONOMICS”, John Wiley and sons, 7/e (Indian) 2002. Bo Sodersten: “INTERNATIONAL ECONOMICS”, Macmillan, 1995. G. M. Grossman: “IMPERFECT COMPETITION AND INTERNATIONAL TRADE”, MIT Press, 1992 Chacoliades: “INTERNATIONAL TRADE, THEORY AND POLICY”, Mc.Graw Mills, 1978. Kindeberger C.B.: “INTERNATIONAL ECONOMICS”, Taraporewala and Sons, Bombay. Deepak Nayyar: “TRADE AND INDUSTRIALISATION”, Oxford University Press, 1997. Jagadish Bhagavathi: “WRITINGS ON INTERNATIONAL ECONOMICS” Oxford University Press. Balasubramanyam: “THEORY AND PRACTICE OF COMMERCIAL POLICY”, Oxford University Press. 1968 Meier G.M: “INTERNATIONAL ECONOMICS OF DEVELOPMENT”, Harper and Row, New York, 1968 Bardhan P.K: “ECONOMIC GROWTH DEVELOPMENT AND FOREIGN TRADE”, Wilet New York, 1970. Jagadish Bhagavathi and Ronald W.Jones: “TRADE BALANCE OF PAYMENTS AND GROWTH”, North Halland Nayyar, A STREAM OF WINDOWS: UNSETTING REFLECTIONS ON TRADE: Immigration and Democracy; OUP. Mundell.R.A: “THE APPROPRIATE USE OF FISCAL AND MONETARY POLICY FOR INTERNATIONAL EXTERNAL STABILITY”, IMF. Staff Papers; 1962. Scammel W: “INTERNATIONAL POLICY”, Brettonwoods and Vfter; Macmillan, London. 1975. Maurice, D. Levi: INTERNATIONAL FINANCE: THE MARKETS AND FINANCIAL MANAGEMENT OF MULTINATIONAL BUSINESS, McGraw Hill, 1990 Stern, R. M. (Ed): INTERNATIONAL TRADE AND FINANCE, Cambridge University Press Sharan, INTERNATIONAL FINANCIAL MANAGEMENT, Prentice Hall of India Avadhani, V.A: INTERNATIONAL FINANCE: THEORY AND PRACTICE, Himalaya Publishing House, Delhi 2000
(26) 19 December, 2018 Course Number: DBE804, Course Title: BUSINESS ENVIRONMENT 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: INTRODUCTION TO BUSINESS ENVIRONMENT (a) Social & Cultural Environment, Corporate Governance (b) Social Responsibilities of Business (c) Business & Society, Social Audit (d) Business Environment, Business System Dynamics UNIT 2: POLITICAL-LEGAL ENVIRONMENT (a) Political Institutions (b) The constitution of India (c) State Regulations (d) New Competition Policy (e) Control of Foreign Trade (f) The Companies Act, 1956 (g) Corporate Governance Regulations. UNIT 3: ECONOMIC ENVIRONMENT (a) Planning framework and Economic Administration (b) Privatisation (c) Infrastructure, Stabilization Policy UNIT 4: TECHNOLOGICAL & NATURAL ENVIRONMENT Technological collaborations, Acquisition & Absorption, Green Environmental Practices & Regulations UNIT 5: GLOBAL ENVIRONMENT (a) Meaning & Rational for Globalisation (b) From Domestic Markets to Global Markets-Strategies (c) India, WTO & the Trading Blocks (d) Foreign Trade, Export Promotion
SUGGESTED READINGS: K Aswathappa: ESSENTIALS OF BUSINESS ENVIRONMENT Iswar C Dingra: THE INDIAN ECONOMY
Course Number: DBE805, Course Title: PROJECT Class: PGDBE/MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 4, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48
(27) 19 December, 2018 Course Number: ECM001, Course Title: BASIC RES. METH.,STAT. TOOLS& ANAL. Class: M.A., Status of Course: CORE COURSE, Approved since session: 2013-14 Total Credits:4 Periods (55 mts. each)/week:4 (L-4+T-0+P/S-0), Min.pds./sem.:52 [SAME AS HSM001/ DPM001/MUM001/ ACM001/BAM001/ECM001/SYM001/PSM001/ PYM001]
UNIT 1: INTRODUCTION [10 pds] Research: Meaning, Nature, Types, Experiments (Laboratory and Field), Field Study, Survey Research, Major steps in Research, Variables and Controls, Ethical Issues UNIT 2: RESEARCH DESIGN [10 pds] Research Problem Formulation, Hypothesis and its kinds, Survey of Related Literature, Research Design: Exploratory, Descriptive and Casual, Qualitative and Quantitative Research Approaches UNIT 3: DATA COLLECTION [10 pds] Primary and Secondary Data, Research Tools-Observation, Interviews, Questionnaire and Schedules, Case Study, Measurement and Scaling, Sampling, Sampling Techniques- Probability and Non-Probability UNIT 4: ANALYSIS AND INTERPRETATION [10 pds] Part A- Developing Logical Reasoning and Quantitative Aptitude Part-B Analysis & Interpretation of Data, Establishment of Categories, Coding, Tabulation, Statistical Analysis of Data- Descriptive and Inferential, Content Analysis UNIT 5: RESEARCH REPORT WRITING [12 pds] Research Report, Types of Report, Structuring the Report, Format of Abstract, Format of the Synopsis, Format of Project/Dissertation, Format of Research Paper.
SUGGESTED READINGS: Agarwal, A.K., MODERN APPROACH TO LOGICAL REASONING, 2012, S. CHAND & CO., DELHI Kerlinger, Fred, FOUNDATIONS OF BEHAVIOURAL RESEARCH, 1986, HARCOURT BRACE & CO., ORLANDO, FL Kothari, C.R., RESEARCH METHODOLOGY: METHODS & TECHNIQUES, 2004, New Age International Publishers, N. Delhi Jha, Sachidanand, GENERAL MENTAL ABILITY, LOGICAL REASONING & ANALYTICAL ABILITY, 2012, Kalinjar Publishers, N.Delhi Bryman, Allan, SOCIAL RESEARCH METHODS, 2008, Oxford University Press, U.K. Lawrence N.W., QUALITATIVE RESEARCH DESIGN IN SOCIAL RESEARCH METHODS, 2009, Pearson International , N. Delhi Taylor, Bill; Sinha, Gautam; Ghoshal, Taposh; Research Methodology: A GUIDE FOR RESEARCHERS IN MANAGEMENT AND SOCIAL SCIENCES, 2004, PHI, N. Delhi
Course Number: ECM002, Course Title: PRE-DISSERTATION Class: MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 4,
1. Preparation of Bibliography 2. Summaries of Related Studies, and 3. Preparation of Synopsis of the Research Project.
(28) 19 December, 2018 Course Number: ECM901, Course Title: DISSERTATION Class: MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 12
Project on any given topic. Every Candidate will submit project before 30 November every year.
Course Number: ECM902, Course Title: INDIAN ECONOMY-DEV., PERS. & CHALLEN. Class: MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 4, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48
Unit 1: INTRODUCTION (A) Status of the Indian Economy at the time of Independence (Pre and post Independence), Policy of mixed Economy, Indian Planning Process (B) Contemporary Issues of Economic Development of India- Population, Poverty, Unemployment, Infrastructure and Natural Resources (Mineral, Forest, Water) Unit 2: AGRICULTURE IN INDIA (A) Trends of Agricultural Productivity, Land Reforms, Productive Efficiency and Size of Land Holding, Conditions of Farmers & Rural Credit (B) Cooperative Movement in Agriculture, Agricultural Marketing, National Agricultural Policy (2000) and Looming Crisis in Agriculture, Agricultural Reforms since 1991 Unit 3: INDUSTRIES IN INDIA (A) Pattern of Industrialization, Industrial Policies Since Independence, Problems and Policies of Large Scale & Small Scale Industries, Industrial Reforms since 1991 (B) Labour Reforms- Prospect & Challenges Unit 4: INDIA’S FOREIGN TRADE (A) India’s Trade Relations With Various Regional Trade Groups- FU, ASEAN, SAARC, NAFTA Etc. Pattern of Balance of Payment, Pattern of Foreign Investment in India (B) WTO & India- Specific Indian Issues, Future of Free Trade Agreements (FTAs), Foreign Trade Reforms since 1991 Unit 5: SOCIAL WELFARE & ECONOMIC DEVELOPMENT IN INDIA (A) Issues of Inequality, Health, Education & Economic Empowerment. Human Development, Indicators and sustainable development (B) Millennium Development, Goals & India, Overview of PURA- A Neo- Gandhian Approach to Development
SUGGESTED READINGS: Acharya, Shankar: “INDIA'S ECONOMY: SOME ISSUES AND ANSWERS”, Academic Foundation, 2003 Bardhan, Pranab: “POVERTY,AGRARIAN STRUCTURE AND POLITICAL ECONOMY IN INDIA: SELECTED ESSAYS”, Oxford University Press, 2003 Drèze, Jean & Amartya Sen: “INDIA: DEVELOPMENT AND PARTICIPATION”, Oxford University Press, 2002 Joshi, Vijay & I. M. D. Little: “INDIA'S ECONOMIC REFORMS: 1991-2001”, Oxford University Press. Bhaduri, Amit: “DEVELOPMENT WITH DIGNITY”, National Book Trust, 2006 Bhalla, G.S: “INDIAN AGRICULTURE SINCE INDEPENDENCE”, National Book Trust, 2006 India Vision 2020: “PLANNING COMMISSION”, Academic Foundation, 2004 Rao, CH Hanumantha: “AGRICULTURE, FOOD SECURITY, POVERTY AND ENVIRONMENT: ESSAYS ON POST-REFORM INDIA”, Oxford University Press, 2005 Vyas,V.S: “INDIA’S AGRARIAN STRUCTURE: VARIATIONS ON A THEME”, Academic Press, 2005 Bilgrami, S.A.R: “AGRICULTURAL ECONOMICS”, Himalaya Publishing House, Delhi. . (1996), Dantwala, M.L. et. Al: “INDIAN AGRICULTURAL DEVELOPMENT SINCE INDEPENDENCE”, Oxford & IBH, New Delhi. (1991), GOVERNMENT OF INDIA REPORT OF THE NATIONAL COMMISSION ON AGRICULTURE: New Delhi. (1976), GOVERNMENT OF INDIA, ECONOMIC SURVEY (ANNUAL): New Delhi. Gulati A. and R. Kelly: “TRADE LIBERALIZATION AND INDIAN AGRICULTURE”, Oxford University Press, New Delhi. 1999 G. Balachandran: “INDIA AND THE WORLD ECONOMY 1850- 1950”, OUP 2003. Ramesh Chand, S.S Raju, L.M. Pandey (2007): “GROWTH CRISES IN AGRICULTURE- SEVERITY AND OPTIONS AT NATIONAL AND STATE LEVELS”. EPW, June 30. Rakesh Mohan (2008): “GROWTH RECORD OF THE INDIAN ECONOMY, 1950-2008: A STORY OF SUSTAINED SAVINGS AND INVESTMENT”, EPW, May 10. K.V Ramaswamy (2007): “REGIONAL DIMENSIONS OF GROWTH AND EMPLOYMENT”, EPW, Dec 8 R. Nagraj (2003): “Industrial Policy and Performance since 1980”, EPW, Aug 30- Sep 7 K. Sundaram (2007): “EMPLOYMENT AND POVERTY IN INDIA, 2000-05”, EPW, Jul 20. Tim Dyson (2008): “INDIA’S DEMOGRAPHIC TRANSITION AND ITS CONSEQUENCES FOR DEVELOPMENT”. R. Nagaraj (2008): “INDIA’S RECENT ECONOMIC GROWTH: A CLOSER LOOK”, EPW, Apr 12 T. N Srinivasan: “DEVELOPING COUNTRIES IN THE INTERNATIONAL TRADING SYSTEM”, OUP, 1998
(29) 19 December, 2018 Course Number: ECM903, Course Title: INDUSTRIAL ECONOMICS Class: MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 4, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48
UNIT 1: INTRODUCTION Concept, Organization and Types of a Firm- Ownership, Control and Objectives of the Firm, Market Structure: Sellers Concentration- Product Differentiation, Entry Condition- Economies of Scale- Market Profitability- Market Structure and Innovation. UNIT 2: MARKET BEHAVIOUR Product Pricing- Theories and Evidences, Investment Expenditure- Method of Evaluating Investment Expenditure, Market Performance: Growth of the Firm- Size of the Firm and Profitability of the Firm- Constraints on Growth: Productivity and Capacity Utilization- Concept and Measurement, Indian Situation. UNIT 3: INDIAN INDUSTRIAL POLICY PATTERN India’s Industrial Policy Public Sector Growth and Performance Under Plans, Major Policy Issues: Regulatory Mechanization- Licensing- Price and Distribution Controls- Foreign Exchange Management Act- Regional Balance. UNIT 4: GROWTH AND STRUCTURE Structural Changes- Productivity Growth- Capacity Intensity, Cottage Industries, SMEs, Large Scale Industries Overall Industrial Growth- Industrial Sickness- Industrial Finance. UNIT 5: INDUSTRIAL REFORMS Liberalization, Deregulation of Investment, Privatization, Globalization: Inflow of Foreign Capital, MNCs
SUGGESTED READINGS: Ahluwalia, I.J. (1985): “INDUSTRIAL GROWTH IN INDIA”, Oxford University Press, New Delhi. I J Ahluwalia and I M D Little (eds.): “INDIA’S ECONOMIC REFORMS AND DEVELOPMENT, Oxford University Press, 1998 Desai, B.: “INDUSTRIAL ECONOMY OF INDIA” 3/e, Himalaya Publishing House, Mumbai, 1999 Dilip Mookherjee: “INDIAN INDUSTRY POLICIES AND PERFORMANCES”, Oxford University R.R. Barthwal: “INDUSTRIAL ECONOMICS”, Wiley Eastern Ltd., New Delhi, 1985. Deepak Nayyar: “TRADE AND INDUSTRIALIZATION”, Oxford University Press, New Delhi, 1977 Deepak Nayyar: “INDUSTRIAL GROWTH AND STAGNATION”, Oxford University Press, 1994 (Module II).
Course Number: ECM905, Course Title: ECONOMETRIC METHODS WITH APPLICATS. Class: MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 4, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48
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: CLASSICAL LINEAR REGRESSION MODEL Two Variable Case; Properties of least squares estimates; Test of hypotheses and confidence intervals; Gauss Markov Theorem; Forecasting 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: SPECIFICATION ANALYSIS Omission of a relevant variable, Inclusion of irrelevant variable, Tests of specification errors
SUGGESTED READINGS: D. N. Gujarati (2003): “ESSENTIALS OF ECONOMETRICS”, 3rd edition, Mc Graw Hill. C. Dougherty (2007): “INTRODUCTION TO ECONOMETRICS”, 3rd edition, Oxford University Press. Ramu Ramanathan (2002): “INTRODUCTORY ECONOMETRICS WITH APPLICATIONS”, 5th edition, South-Western Koutsoyiannis A: THEORY OF ECONOMETRICS E L B S/ MACMILLAN SOFTWARE PACKAGES: Eviews, SPSS, Excel
(30) 19 December, 2018 Course Number: ECM906, Course Title: ECONOMICS OF INSURANCE Class: MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 4, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48
UNIT 1: ESSENTIALS OF GENERAL INSURANCE Definition, Types & Importance of General Insurance, Importance of General Insurance in a country’s Economic Development, GIC & Its Objectives, Organizational Structure, Functions, Policies, Growth, Deployment of Resources, Performance of GIC of India UNIT 2: ESSENTIALS OF LIFE AND HEALTH INSURANCE Functions of Life and Health Insurance, Mathematical Basis of Life Insurance, Plans of Life Insurance, Legal Aspects of Life Insurance UNIT 3: ESSENTIALS OF HEALTH INSURANCE Individual Health Insurance, Uses, Types of Evaluation, Principles of Under-Writing of Life and Health Insurance, Group Insurance and Superannuation Schemes, Management of Insurance Companies UNIT 4: INSURANCE AND ECONOMIC DEVELOPMENT CONCEPTS AND PERSPECTIVES Economic Security, Exposure to Losses, Role of Insurance, Definition of Insurance, Risk Pooling and Risk Transfer, Economic and Legal Perspectives, Classification of Life-Health and General Insurance Policies UNIT 5: INSURANCE MARKETS AND REGULATION OF INSURANCE Insurance Markets in India, Private and Foreign Players and their role in Indian Insurance Sector, Regulation of Insurance, Purpose of Government Intervention in Markets, Theories of Regulation, Insurance Regulation in India, IRDA
SUGGESTED READINGS: Kothari & Bahal: “PRINCIPLES & PRACTICE OF INSURANCE” Mishra M.N: “INSURANCE-PRINCIPLES & PRACTICE” Mitra J.C: “GUIDE TO MARINE FIRE & ACCIDENT INSURANCE”
(31) 19 December, 2018 Course Number: ECM907, Course Title: DEVELOPMENT ECONOMICS Class: MA(SS), Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 4, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48
UNIT 1 Economic Growth and Development- The Historical Records ; Kuznet’s Characteristics-Sources and Measurement of Economic Development – National Income- Per Capita Income – PQLI and HDI as Indices of Development – Alternative Measures of Development — Sen’s Capabilities Approach- Three Core Values of Development-Factors of Economic Development- Growth Crisis And Cost of Development – Trade off between Economic Development and Environmental Quality - Problems of Development. UNIT 2 Approaches to the Theory of Development- Grand Theories: Adam Smith, David Ricardo, Karl Marx. Joseph Schumpeter. UNIT 3 Partial Theories – Stages of Growth- Rostow-Big Push- Balanced Growth vs. Unbalanced Growth- Low Level Equilibrium Trap-Critical Minimum Effort-Backwash Effects of International Trade- Dualistic Theories- Labour Surplus – Nurkse, Lewis and Fei and Ranis. UNIT 4 Modern Theories: The Harrod – Domar, The Neo-Classical Models- Meade, Kaldor, Robinson, Solow, Swan – Kaldor as a Critic of Neo-Classicals. New Theories – Theory of Technical Change by Arrow, The Role of Lenier Technology by Rebelo, and Technical Progress and Formation of Human Capital by Lucas, Rebelo and Uzawa. UNIT 5 Development Planning – Plan Models – Export Led Growth Strategy – Import Substitution Model- Global Integration – Development Experiences of East Asian Countries – Taiwan –South Korea – Malaysia, Growth experiences of China and India
SUGGESTED READINGS: A.P. Thirwal: “GROWTH AND DEVELOPMENT”, Macmillan, 1994. Michale Todaro: “ECONOMIC DEVELOPMENT IN THE THIRD WORLD”, Orient Longman, 1993. Hollis.D. Chenery: “REDISTRIBUTION WITH GROWTH” Oxford university press. 28 lan M.d. Little: “ECONOMIC DEVELOPMENT, THEORY POLICY AND INTERNATIONAL RELATIONS”, 1982. H.B. Chenery & T.N Srenivasan: HAND BOOK OF DEVELOPMENT ECONOMICS. Meir & Baldwin: DEVELOPMENT POLICY. Andre Weintrals: “GROWTH CONTROVERSY”, Macmillnn, 1974. Robert Barrow&Xavicr Sala – I Martin: “ECONOMIC GROWTH”. McGraw Hill International Editions. 1995. Debraj Ray: “DEVELOPMENT ECONOMICS”, Oxford University Press, New Delhi, 1998. Michael .P.Todaro: Stephen C. Smith, “ECONOMIC DEVELOPMENT” – Pearson Education Asia, 2003. Timothy.M.Shaw: “ECONOMIC RESTRUCTURING IN EAST ASIA INDIA”, Macmillan, India Ltd, 1996. Sen,Amartya: “COMMODITIES AND CAPABILITIES”,OUP,Delhi,2002. EMPLOYMENT,TECHNOLOGY AND DEVELOPMENT,OUP, Delhi,2002 DEVELOPMENT AS FREEDOM, OIP, Delhi, 2002. A.M Sheikh: “HUMAN RESOURCES DEVELOPMENT AND MANAGEMENT”, S.Chand,New Delhi
Course Number: ECM951, Course Title: DISSERTATION I Class: M.Phil, Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 8
Dissertation work.
Course Number: ECM952, Course Title: DISSERTATION II Class: M.Phil, Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 16
Dissertation work.
(32) 19 December, 2018 Course Number: ECM953, Course Title: SELF STUDY COURSE Class: M.Phil, Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 4, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:48
Each student will have select four topics related to the contemporary issues in the following areas: 1. Economic Growth- Development and Underdevelopment 2. Economic and Human Development 3. Environment and Development 4. Ecological Issues 5. Demographic Issues 6. Employment and Unemployment 7. Human Resource Development 8. Poverty 9. Basic Issues in Agriculture 10. Industrial Development and the Related Issues 11. Foreign Trade and Foreign Capital 12. Money Market/ Financial Services 13. Capital Market 14. Institutional Financing 15. Economic Planning and Policy 16. Gender and Development 17. Retailing 18. Economic Ideas 19. Service Sector 20. Insurance 21. Any other Topic of current significance
Course Number: ECM954, Course Title: ADV. RESEARCH METHODOLOGY& ANALYSIS Class: M.Phil., Status of Course: Major Course, Approved since session: 2013-14 Total Credits: 4, Periods(55 mts. each)/week:5(L-5+T-0+P/S-0), Min.pds./sem.:65 [SAME AS MBM954, ABM954, SYM954, & PSM954] UNIT 1: INTRODUCTION TO RESEARCH (a) Meaning, Objectives and Importance of Research, Types of Research, Philosophies of Research - Metaphysics, Axiology and Methodology, Concept of Qualitative and Quantitative Research, Kinds of Explanation - Deductive, Inductive and Abductive, Scientific Method, Research Process. (b) Developing Logical Reasoning and Quantitative Aptitude - Logical Reasoning: Understanding the structure of arguments, Verbal analogies: Word analogy, Applied analogy, Verbal classification, Logical Diagrams, Venn diagram, Analytical Reasoning. UNIT 2: LITERATURE REVIEW AND CONCEPTUAL FRAMEWORK Literature Review- Relevance and Approach, Developing an outline for the Literature Review, Organizing a Literature Search, Writing the Review - Writing the first draft, Writing References and Citations, Plagiarism - Concerns and Cautions, Application of Literature Review in Selected Areas, Research Problem and Hypothesis Formulation, Research Design, Ethics in Research. UNIT 3: DATA COLLECTION Sources of Data, Tools of Data Collection, Measurement Scales - Techniques, Reliability and Validity of Scales, Data Cleaning and Data Processing, Outlier Identification, Sampling Concepts and Methods, Determination of Sample Size, Sampling Errors. UNIT 4: DATA ANALYSIS Introduction, Descriptive Statistics and Inferential Statistics, Hypothesis Testing- Parametric and Non Parametric Tests, Multivariate Analysis, Qualitative Analysis of Data, Interpretation of Results, Introduction to Software Packages for Data Analysis. UNIT 5: REPORT WRITING, PRESENTATION, AND PUBLICATION OF RESEARCH Research Report, Types of Report, Structuring the Report, Steps in Drafting Reports, Editing and Evaluating the Final Draft, Layout of Research Report, Writing Research Paper and Article, Difference between Workshop, Seminar, Conference and Symposia, Contemporary Issues in Research.
SUGGESTED READINGS: General Mental Ability Logical Reasoning and Analytical Ability by Sachidanand Jha (Kalinger Publishers, 2012) Modern Approach to Logical and Reasoning by A.K. Agarwal (S. Chand, 2012) Allan Bryman: Social Research Methods, Oxford University Press, 2008. Lawrence N.W.: Qualitative Research Design in Social Research Methods, Pearson, 2009. Lawrance A. Machi and Brenda T. McEvoy: The Literature Review: Six steps to success, California: Corwin (Sage). Diana Ridley: The Literature Review: A step-by-step guide to student, London: Sage (2012). Jill K. Jesson, Lydia Matheson and Fiona M. Lacey: Doing Your literature Review: Traditional and systematic techniques, London: Sage. Taylor, Sinha and Ghoshal: Research Methodology, PHI, 2004. William. G. Zikmund: Business Research Methods, Orlando: Dryden Press, 2004. C.William Emory and Cooper R. Donald: Business Research Methods, Boston Irwin, 1991.
(33) 19 December, 2018 Course Number: ECM955, Course Title: ECONOMIC ANALYSIS & POLICY Class: M.Phil, Status of Course: MAJOR COURSE, Approved since session: 2009-10 Total Credits: 4, Periods (55 mts. Each)/ week: 4(L-4+T-0+P/S-0), Min.pds./sem.:4
Unit 1 Consumer and Producer Theory -Preference Relations and their properties, Comparative Utility maximisation, Comparative Statics, Consumer Surplus, Profit maximisation and Cost minimization. Unit 2 Static Model of the Open Economy-Multiplier, Repercussion effects, the dependent economy model, Dornbusch's Overshooting Model, Monetary approach to the balance of payment and exchange rates. Unit 3 Trade Flows- pattern of specialization, changing commodity composition and direction, Classical, Neo-classical and Modern trade theories. Unit 4 Economic Growth and Development- Growth Models - Export Led Growth Strategy Unit 5 India’s Economy- Contemporary Issues of Economic Development of India- Population, Poverty, Unemployment, Infrastructure and Natural Resources (Mineral, Forest, Water), Budgetary Policy- fiscal Policy, Concept of Budgetary Deficit
SUGGESTED READINGS: Dornbusch, R., Fischer S. and R. Startz (2004): “MACROECONOMICS”, 9th edition, McGraw Hill. David Romer: “ADVANCED MACROECONOMICS”, 2nd edition, McGraw Hill, 1996. 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 Hollis.D. Chenery: “REDISTRIBUTION WITH GROWTH” Oxford university press. 28 Robert Barrow&Xavicr Sala - I Martin: “ECONOMIC GROWTH”. McGraw Hill International Editions. 1995. Michael .P.Todaro: Stephen C. Smith: “ECONOMIC DEVELOPMENT” - Pearson Education Asia, 2003. R. Nagaraj (2008): “INDIA’S RECENT ECONOMIC GROWTH: A CLOSER LOOK”, EPW, Apr 12 Rao, CH Hanumantha: “AGRICULTURE, FOOD SECURITY, POVERTY AND ENVIRONMENT: ESSAYS ON POST-REFORM INDIA”, Oxford University Press, 2005 Van Der Ploeg: “MACROECONOMICS”
*****
(34) 19 December, 2018 ADVANCED WORK EXPERIENCE COURSE
Course Number: ECW301, Course Title: COMMUNICATION TECHNIQUES Class: BA/BA(SS), Status of Course: Work Experience, Approved since session: 2009-2010 Total Credits:2, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39
UNIT 1: GRAMMAR Tenses, Common Errors in Different Parts of Speech, Writing Skills- Composing Passages and Essays, Listening and Writing Skills- Taking Notes at a Meeting UNIT 2: BUSINESS COMMUNICATION-INTRODUCTION Style of writing for business communication, Essentials of effective writing, Elements in the structure of business letters, Forms of layout of business letters UNIT 3: READING AND WRITING ACTIVITIES DIFFERENT TYPES OF OFFICIAL LETTERS Job application to government departments and private concerns, Letters for placing orders, letters of complaint, Letters of inquiry and their reply UNIT 4: READING AND WRITING ACTIVITIES-Trade Reference and Practice in Reading (Comprehending) and writing Correspondence with post office, Applications for opening and closing accounts, Transfer and standing instructions, Correspondence with banks- Applications for opening and closing bank accounts, Cheque transactions, Transfer and standing instructions, Report writing- Letter style and format style UNIT 5: LISTENING AND SPEAKING ACTIVITIES Telephone techniques, Introducing oneself in a work environment, Making and responding to requests; Giving and asking for product information, Facing a job interview
Course Number: ECW401, Course Title: CONTEMPORARY ISSUES IN ECONOMICS & FINANCE Class: BA/BA(SS), Status of Course: Work Experience, Approved since session: 2009-2010 Total Credits:2, Periods(55 mts. each)/week:3(L-3+T-0+P/S-0), Min.pds./sem.:39
Project on any banking aspects (Agriculture Finance, Loan & Advances, Consumer Goods Finance, Home Finance etc.)
*****
(35) 19 December, 2018