ECONOMICS- CURRICULUM Effective from 2014 onwards

SARAH TUCKER COLLEGE (AUTONOMOUS)

TIRUNELVELI-7

DEPARTMENT OF ECONOMICS AND RESEARCH

CENTRE

BA- ECONOMICS- CURRICULUM

CHOICE-BASED CREDIT SYSTEM

Effective from 2014 onwards

SARAH TUCKER COLLEGE (AUTONOMOUS) -TIRUNELVELI-7 Department of Economics and Research Centre

BA-Economics- Curriculum

Choice-Based Credit System- Effective from 2014

I SEMESTER

Paper Title : Micro Economics-I

Paper Category : Core 1

Subject Code : 14-1ESO1

Credit : 4

Number of Hours / Week : 5

Aim: This paper enables a student to understand the behavior of an economic agent, namely, a consumer,

a producer, a factor owner and the price fluctuation in a market.

Unit I: Introduction:

Subject matter of economics-main divisions of economics-Definitions of economics-Adam smith,

Marshall, Robbins-Importance of economics-limitations of economics-distinction between micro and

macro economics-economic laws.

13 Hours

Unit II: Consumption:

Human wants-characteristics-classification of human wants-law of diminishing marginal utility-

law of equi-marginal utility-consumer’s surplus-law of demand. Exceptional demand curve-

determinanants of demand. 13 Hours

Unit III: Elasticity of Demand and Indifference curve Analysis

Elasticity of demand –types-factors determining elasticity of demand-measurement of elasticity of

demand-Distinguishing the commodities on the basis of elasticity of demand, Indifference curve analysis –

properties of indifference curves-marginal rate of substitution – consumer equilibrium in terms of

indifference curves-changes in consumer equilibrium- price effect, income effect and substitution effect -

superiority-uses of indifference curve analysis.

13 Hours

Unit IV: Factors of Production

Meaning of production-factors of production-land-labour-capital-organization- characteristics-

theories of population-capital formation-functions of entrepreneurs-division of labour-merits and

demerits- large and small scale production – merits and demerits 13 Hours

Unit V: Production Function

Production function-law of variable proportions-law of diminishing returns-law of increasing returns-

law of constant returns-cost of production-fixed cost, variable cost, average cost, marginal cost, short run

and long run cost curves

13 Hours

Teaching = 65 hrs

Evaluation = 10 hrs

Total = 75 hrs

Books for study:

1. Jhingan, M.L., Advanced Economic Theory, Brinda publications, New Delhi. Twelth Revised

& Enlarged Edition -2003.

2. Koutsoyiannis, A, “Modern Micro Economics”, Macmillan press, London.,2000 3. K.KDewett, Micro Economics or price Theory, S.Chand &Company Ltd, New Delhi.

4. M.L.Seth, Principles of Economics .Lakshmi Narani Agarwal, Agra.

5. K.P.M.Sundaram, Micro Economic Theory, Vaish, 1997.

6. H.L.Ahuja , A Modern Economic Theory and Practices, S.Chand, New Delhi, 2004.

7. P.N.Chopra,Distribution and Welfare,Kalyani Publishers, New Delhi,.1975

8. Samulson, Paul Anthony and William.D.Nordhaus, Economics.Tata Mc Graw Hill Publishing

Company Ltd, 1998.

Paper Title : Statistics-I

Paper Category : Core I


Credit : 4


Objective:

To enable the students to understand the use of statistical tools in research.

UNIT I: Introduction

Definition of statistics -Horace Sacrist (only one definition)-Importance of statistics in economics –

organizing a statistical survey, executing the survey –collection of data-primary- and secondary data –

methods of collecting primary data-sources of secondary data-sampling –census and sample method-

methods of sampling .

13Hours

UNIT II: Classification and Tabulation

Classification of data-meaning and objectives of classification-Types of classification-Individual-

discrete and continuous- frequency distribution-tabulation of data-parts of tables-rules of tabulation-types

of table-diagrammatic and graphic presentation of data-rules for constructing diagrams-graphs of time

series data and frequency distribution.

13Hours

UNIT III: Measures of Central Tendency

Averages-qualities of good average-types of average-arithmetic mean- median, mode, geometric

mean and harmonic mean-relative merits and demerits.

13Hours

UNIT IV: Measures of Dispersion

Characteristic features-Measures of dispersion -types of dispersion-range-quartile deviation-mean

deviation-standard deviation-co efficient of variation -absolute and relative measures.

13Hours

UNIT V: Skewnes and Kurtosis.

Skewness-types-measures of skewness-absolute and relative measures –Kurtosis.

13Hours

Teaching = 65 hrs

Evaluation = 10 hrs

Total = 75 hrs

LIST OF REFERENCE BOOKS:

1. S.P.Gupta, Statistical Methods, Sultan Chand and Sons, New Delhi, 1994.

2. S.P.Gupta and V.K.Kapoor, Fundamentals of Mathematical Statistics, Sultan and Sons, New Delhi,

1993.

3. R.S.N.Pillai and V.Bagavathi, Statistitics, S.Chand and Company Ltd, New Delhi

4. C.R.Kothari Quantitative Techniques, Vikas Publishing House Pvt Ltd 1997.

5. D.Bose, An Introduction to Mathematical Economics, Himalaya Publishing House, New Delhi,

2000.

6. G.S.Monga, Mathematics and Statistics for Economists Vikas Publishing House, Pvt Ltd, New

Delhi, 2003.

7. D.R.Agarwal, Mathematics and Statistics in Economics, Vrinda Publications Pvt Ltd, 2003.

Paper Title : Principles of Marketing

Paper Category : Elective 2 A

Subject Code : 14-1ESA

Credits : 5


Objectives:

This course enables the students to understand the marketing concepts, conditions and

practices. It also deals with production planning, channels of distribution, pricing and promotional

strategies and present marketing practices.

UNIT I: Meaning and Importance of Marketing

Definition of marketing-Evolution and development of marketing-Nature and scope of

marketing-Marketing concepts-Classification of markets-Marketing and Economic development.

13Hours

UNIT II: Marketing Structure

Concept of market structure-Kinds of marketing structure-Channels of distribution-Selection of

Channel-Distribution Policy-Product characteristics-Supply characteristics-Cosumer characteristics-

Middle-Man characteristics-The marketing concept-Integrated Marketing-Buyer behaviours-Stages in

the buying process-Market segmentation-Brand loyalty.

13Hours

UNIT III: Planning the Marketing

The product mix-The sales mix-The physical distribution mix-The marketing mix –The use of

marketing models-Marketing strategies for developing countries.

13Hours

UNTI V: Marketing Information

Definition of market information-Methods of collecting market information –Analysis of

internal records –External sources of information –Obtaining information through development

research.

13Hours

UNIT V: Sales Organization and Advertising

Meaning and Need-Functions-Structure of sales organization- Types of sales Organization-

Advertising and salesmanship-Advertising media -Planning for advertising –Advertising Agency.

13Hours

Teaching = 65 hrs

Evaluation = 10 hrs

Total = 75 hrs

Books for Reference

1. P.Kotler-Marketing Management, Prentice Hall, New Delhi,1988

2. Stanton-Fundamentals of Marketing,McGrawHill,New Yark,1987

3. Rajan Nair-Marketing, S.Chand & Co, New Delhi,1993

4. J.C.Sinha,Principles of Marketing and Salesmanship,S.Chand &Co New Delhi1983

5. J.C.Gandhi,Marketing,Tata McGraw-Hill Publishing Company Ltd,New Delhi,1995

6. Venkata Ramana Vedulla, Marketing Services, Jaico Publishing House Mumbai, 2005.

7. G.Ramesh Babu, Financial Markets and Institutiona, Concept Publishing Company,

New Delhi, 2006.

8. Czinkota and Kotabe, Marketing Management, Thomson South-Western, Australia,

2007.

II SEMESTER

Paper Title : Micro Economics-II



Credit : 4


UNIT I: PERFECT COMPETITION

Reveneue and revenue curves under different market conditions-concept of equilibrium of industry

and firm-Perfect competition-features –price and output determination –short and long run.

13 Hours

UNIT II: IMPERFECT COMPETITION

Monopoly-features-Types-Causes-Price-determination-discriminating-monopoly- types–

degrees of price discrimination-Monopolistic competition-features-price determination- excess

capacity-Duopoly & oligopoly – definition only. 13 Hours

UNIT III: DISTRIBUTION

Meaning-Kinds-National income-Marginal productivity theory of distribution- Modern theory of

distribution.

13 Hours

UNIT IV: RENT & WAGES

Rent-Meaning-definition-Ricardian theory, Modern theory, Quasi- rent-Wages – meaning-

definition- kinds -difference in wages -Theories of wages-Trade Union and wages. 13 Hours

UNIT V: INTEREST AND PROFIT

Interest-meaning-definition- net interest and gross interest -Loanable Funds theory-Keynes’

Liquidity preference theory-Liquidity trap-Profit-Meaning-kinds-Dynamic theory, Innovation theory-Risk

theory and Uncertainty theory.

13 Hours

Teaching = 65 hrs

Evaluation = 10 hrs

Total = 75 hrs

Books for study:

1. Alfred W.Stoner &Douglas C.Hages, A Text book of Economic Theory, English Language Book

Society & Longman Group Ltd, London.

2. D.N.Dwivedi, Principles of Economics, Vikes Publishing House Pvt Ltd New Delhi.

3. K.KDewett, Micro Economics or price Theory, S.Chand &Company Ltd, New Delhi.

4. M.L.Seth, Principles of Economics .Lakshmi Narain Agarwal, Agra.

5. K.P.M.Sundaram, Micro Economic Theory, Vaish, 1997.

6. H.L.Ahiya –A Modern Economics Theory and Practices, S.Chand, New Delhi, 2004.

7. P.N.Chopra,Distribution and Welfare,Kalyani Publishers, New Delhi,.1975

8. Samulson, Paul Anthony and William.D.Nordhaus, Economics.Tata Mc Graw Hill Publishing

Company Ltd, 1998.

9. http://www.yahoo.com/socio-science/economics/infoseek-economics

Paper Title : Statistics II



Credit : 4


UNIT I: Correlation

Correlation analysis –significance- uses–types of correlation- various methods of studying

correlation-Karl Pearson’s coefficient of correlation- rank correlation.

13Hours

UNIT II: Regression Analysis

Meaning, Regression line, Regression equation, Least square method, Deviation taken from

arithmetic means of x and y, when deviations are taken from assumed mean, Regression in bivariate

grouped frequency distribution.

13Hours

UNIT III: Analysis of Time Series

Analysis of time series –uses of time series analysis –the four components of time series and

measurement of trend and seasonal variation.

13Hours

UN IT IV: Index Numbers

Index numbers- classification of index number –difficulties in the construction of index number -

unweighted and weighted index numbers –types-Laspeyres, Paasches and Fishers Ideal Index.

13Hours

UNIT V: Probability Theorem

Probability theorem –random experiments and events-theorems of probability –addition theorem –

multiplication theorem.

13Hours

Teaching = 65 hrs

Evaluation = 10 hrs

Total = 75 hrs


1. S.P.Gupta, Statistical Methods, Sultan Chand and Sons, New Delhi, 1994.

2. S.P.Gupta and V.K.Kapoor, Fundamentals of Mathematical Statistics, Sultan and Sons, New

Delhi,1993

3. R.S.N.Pillai and V.Bagavathi, Statistitics, S.Chand and Company Ltd, New Delhi.

4. C.R.Kothari Quantitative Techniques, Vikas Publishing House Pvt Ltd 1997.

5. D.Bose, An Introduction to Mathematical Economic, Himalaya Publishing House, New Delhi,

2000.

6. G.S.Monga, Mathematics and Statistics for Economics Vikas Publishing House, Pvt Ltd, New

Delhi, 2003.

7. D.R.Agarwal, Mathematics and Statistics Economics, Vrinda Publications Pvt Ltd, 2003

Paper Title : Personnel Management

Paper Category : Allied Course 4

Subject Code ; 14-2ESA2

Credits : 5


Objectives:

• To enable the student to understand clearly the personnel management philosophy,

organisation functions, which will assist the evolution to development of labour skills.

• To also enable the student to improve the communication skills and to enhance their

performance by understanding the various methods of appraisal.

• To enable the student to become a good resource for the society


Definition and scope of personnel management –Functions- Objectives-Role of human

relations in personnel management -Qualities of a good Personnel Management -Evolution and

Growth of Personnel Management in India.

13 Hours

UNIT II: Planning the personnel functions

Personnel philosophy-Personnel objectives-Functions to be performed-Assignment of duties

and responsibilities-Personnel problems.

13 Hours

UNIT III: Training and Development:

Training-Concept-Need-Importance-Benefits-Types-Objectives-Methods and

techniques-On the job training-Vestibule training-Apprenticeship training-Class room training-

Intership training. Need for evolution-Principle of training-Executive Development-Concept-

Objectives-Importance-Process-Methods and techniques of executive development.

14 Hours

UNIT IV: Motivation and Communication

Meaning-Approaches-Motivation theories-Content theories-Process theories-Reinforcement

theories-Methods for studying motivation –Research on motivation in India.

Employee communication-Meaning-Purpose-process-Directions of communication flow-downward

and upward communication-Barriers-Communication in Indian Industries.

13 Hours

UNIT V: Performance appraisal

Purpose-Factors affecting performance appraisal-Criteria of performance appraisal -

Performance methods –Ranking method- Rating scale method -Check-list method-Forced choice

method- Field reviews and critical incident technique-Confidential report.

14 Hours

Teaching = 80 hours

Evaluation = 10 hours

Total = 90 hours

Books for Reference: 1. R.S.Davar, Personnel Management & Industrial Relations, Vikas Publishing House Pvt,

Ltd.

2. Venkatarathanam C.S.& B.K.Sriata,Personal Management and Human Resource,Tata

McGraw Hill ,India1991

3. Management, Tata McGraw-Hill Populating company Limited New Delhi.

4. C.B.Memoria, Personnel Management, Himalaya Publishers House New Delhi,1995

5. Tripathy, Personnel Management & Industrial Relations, Sultan Chand & Sons

Educational Publishers New Delhi,1997

6. B.P.Tyagi,Labour Economics and Social Welfare ,Vikas Publishing Pvt.Ltd, New

Delhi,

III SEMESTER

Paper Title : Entrepreneurial Development

Paper Category : Allied Course 3

Subject Code : 14-3ES05

Credits : 5


Objectives: � To motivate the students in developing entrepreneurial skills.

� To clarify the steps involved in starting an SSI.

� To enable the students understand the support available for entrepreneurs.

UNIT I: Introduction:

Entrepreneurship-Types-functions-qualities of a successful entrepreneur-Views of Schumpeter-

Walker and Drucker-Entrepreneur-Social entrepreneur-Women-entrepreneurs-entrepreneurs-

Entrepreneurial Motivation -Motivating factors-McClelland achievement motivation theory -Steps and

problems in starting a small business -State promotional measures-Reservation-subsidies-concessions-

incentives-marketing assistance and technological assistance.

16 Hours

UNIT II: Ownership Structure:

Need and Importance of Organization-Types of Ownership-Proprietorship-Partnership-

Company-Co-operative-Selection of Appropriate form of Ownership.

16Hours

UNIT III: Management of Small Enterprises:

Meaning & Definition-Characteristics-Functions-Management Process-Areas of Management-

Financial Management-Production & Operation Management-Personal and Human Resource

Management-Marketing Management-Inventory Management.

16Hours

UNIT IV: Project:

Meaning-Identification and Selection-Classification-Objectives-Project- Formulation-Project

Design and Net-work Analysis-PERT and CPM-Project Appraisal – Different Appraisal Criteria.

Project Report: Proforma-Viable projects for small business in Service-Production-Commerce-Trade

and International business.

16Hours

UNIT V: Financing Small Enterprises:

Financial Planning-Need-Sources of Finance-Capital Structure-Term-Loans- Short-Term

finance-Capitalisation-Venture Capital-Facilitating Institutions-(SSI : IDBI- IRBI-SIDBI-SFC-DIC-

SIDO-NSIC-SIDCO-SIPCOT-TIIC- KVIC-EXIM Bank and Commercial Banks)-An introduction

only-Industrial Estates-SEZs-steps for getting an institutional assistance.

16 Hours

Teaching = 80 Hours

Evaluation = 10 Hours

Total = 90 Hours

Reference Books and Websites: 1. Gupta.C.B. & Srinivasan. M.P., Entrepreneurial Development, Sultan Chand & Sons, New

Delhi, 1998.

2. Saravanavel. P, Entrepreneurial Development, Eee Pee Kay Pub. House, Chennai, 1997.

3. Pandey G.N (Vikas), A Complete guide to successful Entrepreneurship, Vikas Publishing

House New Delhi.

4. Sherlekar.S.S & Janardhana C.P. Essential of Business Organisation & Management.

5. Sudhir Sharma, Balraj Sigh and Sandeep Sighal, Entrepreneurship development, Wisdom

Publication, New Delhi, 2005.

6. G.S.Batra & R.C.Dangwal, Entrepreneurship and small scale Industries, Deep of Deep

Publications Pvt Ltd, New Delhi, 2001.

7. Anil Kumar& S.C.Poormima, Entrepreneurship development, New Age International Pvt Ltd

New Delhi,2003

8. Vasant Desai,Dynamic of Entrepreneurial development and Management, Himalaya

Publishing House, New Delhi,1997.

9. Manject Katra, Entrepreneurship development and Planning, A.I.T.B.S.Publishers, New Delhi,

2008.

10. www.siadipp.nic.in

11. www.disinvestment.com

12. www.wed.nic.in

Paper Title : Mathematical Methods I

Paper Category : Core Course 5

Subject Code : 14- 3ESA3

Credits : 4


Objectives:

To enable the students of economics to acquire more knowledge of mathematics and its

application in various fields like consumption. Production and market equilibrium.


Arithmetic..operations - number-system-Ratio-proportion- progression-Types - Exponents -

Simple Interest and compound interest.

16 Hours

UNIT II: Logarithms

Logarithms-Definition-Formula (product, quotient, exponent no proof) Calculations using

tables-Permutation and combination-Binomial expansion.

16 Hours

UNIT III: Functions and Equations Functions-definition and types-Uses in Economics-Equations-Definition and Types (Linear

and Quadratic) equations -Applications.

16 Hours

UNIT IV: Set theory

Set theory-Definition-Types-Set operations-complement of a set-Difference of two sets-Venn

diagrams-Demorgan’s law.

16 Hours

UNIT V: Analytical Geometry Distance between two points-The equation of a straight line-Two Points form- slope-One point

form-Slope-Intercept form and Intercepts form-Point of inter-section of two straight lines-Applications

of straight lines in economics

16 Hours

Teaching = 80 hours


Total = 90 hours

Books for Reference:

1. G.S. Monga -Mathematics and Statistics for Economics, Vikas Publishing House Ptd,

Ltd, Delhi 2000.

2. B.C. Mehta- Mathematics for Economics, Sultan Chand & Sons New Delhi1990

3. V.K. Kapoor-Essential of Mathematics for Commerce Economics, Sultan Chand &

Sons New Delhi, 1993.

4. Alpha C.Chiang,Fundamental methods of mathematical Economics,McGraw,Hill

International Book Company,1984

5. B.C.Metha, and G.M.K.Madnani, Mathematics for Economists, Sultan Chand & Sons

New Delhi1997.

6. Weber, Jean.E, Mathematics Analysis, Business and Economic Application, Harper and

Row Publishers, New York, 1982.

Paper Title : ORGANIZATION AND MILITARY LEADERSHIP

Paper Category : Generic Elective I

Subject Code : 14-3ESNME

Credit : 4

Number of Hours/Week : 3

UNIT I: NCC Organisation: 6 Hours

(i) Aims and objectives of NCC, Cardinal points of NCC(ii) Characteristics of a good citizen(iii)

Organizational structure of NCC(iv)NCC Song (v)Incentives of NCC(vi)Certificate Examinations in

NCC.

UNIT II: HEALTH, HYGIENE AND FIRST – AID: 6 Hours

(i) Motto and Aims of First Aid (ii)Principle of First Aid (iii)List of items in First aid Box

(iv)Fracture and Dislocation (v) First Aid for Burns, Sprain, Strain,Drowning,Poison,Shock,Snake

bite,Sun and Heat Stroke and Insect bite.

UNIT III: NATIONAL INTEGRATION AND AWARENESS: 6 Hours

(i)Religions and culture(ii)Traditions and customs in India (iii) National integration -Unity in

Diversity (iv) National interests-objectives-threats and opportunities (v)Problems and challenges of

national integration(vi) Contribution of youth in national building.

UNIT IV: SOCIAL SERVICES ACTIVITIES: 6Hours

Social service: Weaker sections in the society and its identification - NGOs and their

role and contribution - Social evils: Corruption-Counter terrorism-Illiteracy.

UNIT V: LEADERSHIP TRANING: 6 Hours

(i)Leadership traits, types, qualities. (ii) Time Management(iii)Stress management(iv) Man

Management (v)Interview skills(v)Conflict motives(vi)Importance of group/team work.

COURSE OUTCOMES:

The students of Economics are able to

understand the Characteristics of a good citizen

gain knowledge regarding Organizational structure of NCC

understand Health, Hygiene And First – Aid of a citizen

acquire knowledge related to National Integration And Awareness

Learn the Social Services Activities and Social evils

Create a suitable environment to motivate the youth to take up a career in the Armed Forces

References:

1. NCC Hand Book

2. Pamphlets issued by the Ministry of Defence

3. DG, NCC Training directive

IV SEMESTER

Paper Title : Monetary Economics Paper Category : Core Course 6


Credits : 4


Objectives:

This course helps the students to understand the basic concepts and principles in Monetary

Economics .It also enables the students to understand the working of monetary and banking systems

and the role of monetary policies. Topics like inflation, deflation, money and capital markets are dealt

with focusing on development.

UNIT I: Evolution Function

Barter-Meaning-Evolution of money-Definition-Functions of money-Kinds-Qualities of good

money-Monetary standard-Meaning-Types- The Gold Standard- Bimetallism-Gresham’s law-Paper

currency standard.

11 Hours

UNIT II: Monetary Theories

The Quantity Theory of Money –Fishers transactions approach –The Cambridge Cash-Balance

Approach-Saving-Investment theory.

10 Hours

UNIT III: Inflation and Deflation

Inflation-Features-Causes-Effects-measures to control inflation-The inflationary gap-

Deflation-Meaning-Features-Causes and effects.

11 Hours

UNIT IV: Commercial Banks

Meaning-Functions of commercial banks- Credit creation by commercial banks -Role of

commercial banks in the development of a country.

11 Hours

UNIT V: Central Bank

Definition of a central bank-Function of central bank-Objectives of credit control-Methods of

credit control-Money market- Capital market.

11 Hours

Teaching = 54 Hours


Total = 60 Hours

Reference Books:

1. M.L Jhingan-Monetary Economics, Konark Publishers Pvt Ltd New Delhi,1997

2. D.M.Mithani- Money Banking International Trade and Public Finance, Himalaya Publishing

,2000

3. K.P.M.Sundaram,Money Banking International Trade, Sultan Chand & SONS 1997

4. M.L.Seth, Money Banking International Trade and Public Finance,Lakshmi Narain

Agarwa,1996

5. R.R.Paul,Monetary Economics,Kalyani Publishers, New Delhi,1998

6. Sankaran, Monetary Economics ,Margham Publications Madras,1999

7. M.L.Seth, Monetary Economics, S.Chand and Co, New Delhi, 2003.

8. B.N.Ghosh and Rama Ghosh, Fundamentals of Monetary Economics, Himalaya Publishing

House, Mumbai, 1989.

Paper Title : Mathematical Methods II


Subject Code : 14- 4ESA-4

Credits : 4


Objectives:

To enable the students of economics to acquire more knowledge of mathematics and its

application in various fields like consumption, production and market equation.

16 Hours

UNIT I: Differentiation

Differentiation-Rules-Applications in economics-Calculation of Elasticity of demand-Marginal

functions from total functions-Conditions for functions of Maxima and minima -Problems-

Applications.

16 Hours

UNIT II: Partial Differentiation

Partial Derivatives-Euler’s theorem Application of Partial Derivatives in Economics-

Optimisation problem involving two independent variables.

16 Hours

UNIT III: Integration

Integration-rules of Integration-Definite Integration-Properties-Application of Integration in

Economics- Calculation of total functions from marginal functions-Area between two curves-

Consumer’s surplus and producer’s surplus.

16 Hours

UNIT IV: Matrix theory

Matrices-Types-Operations-determinants-properties-Inverse-Solution of simultaneous

equations-Cramer’s Rule- and Matrix Inversion method.

UNIT V: Application of Matrices

Input – output analysis – Theory – Simple problems related to two sector model.

16 Hours

Teaching = 80 hours


Total = 90 hours


1. R.G.D. Allen – Mathematical Analysis for Economists, Macmillan India Ltd New Delhi,

1986.

2. Dr.D.Bose – An Introduction to Mathematical Methods, Himalaya Publishing House New

Delhi 2007.

3. D.R.Agarwal, Mathematics for Economics, Vrinda Publications Pvt Ltd 2003.

4. B.C.Metha, and G.M.K.Madnani, Mathematics for Economists, Sultan Chand & Sons New

Delhi1997.

5. Weber, Jean.E, Mathematic Analysis, Business and Economic Application, Harper and

Row Publishers, New York, 1982.

Paper Title : Computer Application in Economics I

Paper Category : Skill based Course 3

Subject Code ; 14-4ESSB3

Credits : 2


Objectives:

The aim of studying this paper is to make the students understand different computer software

and to know the application of computers in economics.

UNIT I: Basic computer

Basic components of computer-CPU-input- Output devices-Keyboard-Mouse and scanner-

Video display-Printers -Data storage and retrieved-hard disk- CD ROM.

5 Hours

UNIT II: MS word I

MS-Word-Creating a document-Saving, finding, replacing -Printing a text-Fonts and its size-

Page formatting-Header and Footer –Page border-Page number.

5 Hours

UNIT III: MS word II Inserting tables, charts and pictures-Adding bullets and numbers –Symbols- date and time-

Working with columns-Merge mail.

5 Hours

UNIT IV: Excel

Excel-Creating a new work book (work sheet)-Entering data into the work sheet –Editing

the work sheet-Adding cells-Borders and shading-Working with ranges-managing and printing work

sheet.

5 Hours

UNIT V: Applications in Excel Simple calculations-Coping formulae-Creating charts-Bars stacked bar XY graph-line

graph-Pie charts.

5 Hours

Teaching = 25 Hours


Total = 30 Hours


1. Ed Bott, Using Microsoft Office 97, Prientice, Hall of India Private Limited New Delhi-1999.

2. Shelly O’Hara, Using PCs, Prentice Hall of India, New Delhi, 1998.

3. Sinha,P.K.Computer Fundamentals,BPB Publications, New Delhi,1992

4. Raja Raman.V.Fundamentals of computers, Prentice Hall of India, New Delhi, 1996.

5. Giri Courter & Annette Marguis, Microsoft Office 2000, (No Experience Required) BPB

Publications, 2000.

6. Stephen L.Nelson,Office 2000,The Complete Reference Tata McGraw Hill Publishing

Co,Ltd,New Delhi,2000,

Paper Title : Economics of Tourism

Paper Category : Skill Based Course-2

Subject Code : 14-4ESSB4

Credits : 2


Objectives:

• To provide the students an in-depth view of the fundamentals of tourism.

• To provide an environment and to create an aptitude towards Tourism Research.

• To enable the students to fit into the various career opportunities available to them in

tourism field.

• To create awareness on tourism, to explain the scope for employment in this area.


Introduction-objectives-origin-elements of Tourism-Basic components of Tourism- Types and

Classification of Tourism.

5 Hours

UNIT II: Accommodation

Emergence of the Hotel-Types of Hotels-Supplementary Accommodation.

5 Hours

UNIT III: Travel Agency in Tourism

Organization 4of Travel agency-Travel Agency in India.

5 Hours

UNIT IV: Organisation of Tourism

Need for organization-Factors influencing organization-The National Tourist organization –

Tourist organization in India.

5 Hours

UNIT IV: Indian Tourism Industry Indian Tourism Industry –Economic gains and social gains- Environmental impact of Tourism.

5 Hours

Teaching = 25 Hours


Total = 30 Hours


1. Shashi Prabha Sharma, Tourisum and Environment, Kanishka Publishers, Distributors,

New Delhi, 2007.

2. S.Autheeshna Babu,Sitikantha Mishra,Bivrai Bhusan Praida,Tourisum Development

Revisited, Response Business books sage, New Delhi,2008

3. Krishan.K.Kamra,Economics of Tourisms ,Pricing impacts Forecasting, Kanishka

Publishers, Distributors, New Delhi 2006

4. K.Kamra, Economics of Tourism Pricing, Impacts, Forecasting, Kanishka Publishers

Distributors, New Delhi, 2006.

5. J.K.Sharma, Tourism and Development, Kanishka Publishers Distributors, New Delhi,

2007.

6. Shashi Prabha Sharma, Tourism and Environment, Kanishka Publishers Distributors,

New Delhi, 2007.

7. Julio Armberri Richard Butler, Aspects Tourism Development, Viva (P) Ltd New

Delhi, 2006.

8. Jagmohan Negi Travel Agency & Tour operations – Kanishka publishers – Delhi 1997.

9. K.Bhatia, Tourism Development Principles and Practices, Sterling Publishers Private

Ltd, New Delhi, 2003.

Paper Title : Introduction to Economics*

Paper Category : Non major Elective

Subject Code : 14-4ESNME

Credits : 2


Aim:

This course is offered to students whose major discipline is not economics. The primary aim of

the course is to provide these students a basic knowledge of the subject matter of economics.


Basic concepts-Definitions-Wealth, Welfare and Scarcity-National Income- Concepts and

measurement.

5 Hours

UNIT II: Households, Firms and Market

Demand-Determinants of demand-Elasticity of Demand- Individual demand curve-Aggregate

demand curve in the market-Supply- Market equilibrium- Goals of firms.

5 Hours

UNIT III: Money and Banking

Money and its types and functions-Functions of Commercial banks -Primary, Secondary

functions-Credit creation. of Commercial banks.

5 Hours

UNIT IV: Public Finance Public Revenue -Sources- Tax and Non-Tax Revenue-Causes for the growth of Public

Expenditure- Public Debt-Debt Repayment- Budget. In India. ( Union Budget)

5 Hours

UNIT IV: International Trade and Globalisation Internal trade-International trade-Advantages and disadvantages-Liberalisation, Privatisation

and Globalisation - (A brief account only).

5 Hours

Teaching = 25 Hours


Total = 30 Hours


1. M.L.Jhingan, International Economics, Vrinda Publication (p) Ltd, New Delhi, 2003.

2. Tyagi B.P, Public Finance, Jai Preakash Nath & Co, Meerut, 2007.

3. M.L. Jhingan, Micro Economic theory, Vrinda Publications (p) Ltd,New Delhi,2003.

4. R.Dutt& K.P.M.Sundaram, Indian Economy S.Chand & CoLtd, 2003.

5. D.M.Mithani, Money, Banking, International Trade and Public Finance, Himalaya .Publishing

House, New Delhi, 2000.

6. K.P.M.Sundaram, Money Banking and International Trade, Sultan Chand & Sons, New Delhi,

1982.

7. K.K.Dewett,Price theory,

.

V SEMESTER Paper Title : Macro Economics-1



Credits : 4


Objective:

To impart macro theoretical skills to the students.

To enable them in understanding macro economic analysis.


Nature and scope of Macro Economics-Micro and Macro Economics-Basic concepts in Macro

Economics-Stock and flow variables- Statics-Comparative statics and dynamic analysis.

9 Hours

UNIT II: National Income Estimation

The circular flow of income-National Income- Concepts-Methods- Computation of National

Income-Social Accounting of National Income.

9 Hours

UNIT III: Classical Theory of Income Determination

Classical theory of Employment-Say’s law of market-Classical theory with and without

Savings and Investment-Pigou’s Reformulation of the Classical theory of employment.

11Hours

UNIT IV: Keynesian Theory of Income Determination

The Keynesian model of income determination-Concepts of Aggregate Demand and Aggregate

Supply- The Consumption function-The Investment function-Marginal efficiency of capital- Liquidity

Preference and rate of interest- Multiplier-Accelerator -Super Multiplier.

14 Hours

UNIT V: Keynesian-Classical Synthesis

The IS-LM analysis-Elasticity of IS-LM model-A comparison of classical and Keynesian

views on the determination of income, employment and output-Effectiveness of monetary and fiscal

policy.

11Hours

Teaching = 54 Hours


Total = 60Hours

Reference Books:

1. Jhingan.M.L Advanced Economic Theory, Vrinda Publications, New Delhi, 1992.

2. Seth. M.L, An Introduction to Keynesian Economics, Messrs Lakshmi Narai Agarwal, Agra-3,

1999.

3. Vaish. M.C,Macro Economic Theory, Allied Publishers Private Ltd, New Delhi, 1983

4. R.D.Gupta, Keynes and Post-Keynesian Economics, Kalyani Publishers New Delhi, 1998.

5. Jhingan.M.L,Macro Economic Theory,Vrinda Publications Pvt Ltd ,2007

6. Rana,Verma,Vishal ,Macro Economic Analysis, Publishing Co,2007

7. Shapiro, Macro Economic Theory.

Paper Title : Indian Economy-I

Paper Category : Core – DSC- VIII

Subject code : 14-5ES08

Credit : 5

Number of hours/week : 6

Objective:

To enable the students to understand problems of poverty and unemployment in India

Unit I: Natural Resources: 18 Hours

Importance of Natural Resources – Land and Soil – Water – Water Resource Management &

Irrigation Development - Forest – Minerals.

Unit – II: Human Resources: 18 Hours Nature and Magnitude of population. Need for population control and Government

Policy.

Unit – III: Agriculture Sector: 18 Hours Nature and importance New Agriculture Strategy - Green Revolution -Technology

Changes – Inputs – HYV Seeds – Chemical Fertilizers –Agricultural Finance – Features – Sources –

Co-operatives – Commercial Banks – NABARD.

Unit – IV: Service Sector: 18 Hours Transport Sector – Development and Problems – Transport co-ordination – Scope – Objectives

– Mode of Transportation – Roads, Railways, Waterways and Airways- Communication and

Development.

Unit – V: Energy: 18 Hours Energy – Classification of energy – Power – Pattern of electricity consumption – Causes for

Chronic power shortage in India.

COURSE OUTCOMES:


• Understand the structure of Indian Economy

• To study the availability of resources of different kinds.

• To create awareness about problems of poverty &Un employment

• To know the service sector in India.

• Identify the recent measures to develop infrastructure

Reference :

1. Indian Economy - RuddarDatt& K.P.M Sundaram 2014

2. Indian Economy - V.K. Puri& S.K. Misra 2015

3. Indian Economy - Sankaran 2016

4. Indian Economy - I.C Dhingra 2015

5. Indian Economy - M.M. Varam&R.K.Agarwal

Paper title : Public Finance -I

Paper category : Core – DSC- IX

Subject code : 14-5ES09

Credit : 5

Number of hours / week : 6

Objective:

• To enable the students to understand the principles, policies and functioning of the public

financial system.

Unit – I: Introduction: 18 Hours

Introduction – Definition and importance of public finance – Main sub-divisions of

public finance – Public finance and private finance – functions of public authority - Principle of

maximum social advantage.

Unit – II: Public Expenditure : 18 Hours

Public expenditure – Cannons of public expenditure – Classification of public expenditure –

Causes for the growth of public expenditure in India – Trends in public expenditure in India.

Unit - III: Public Revenue : 18 Hours

Public revenue – Meaning and sources of public revenue – Cannons of taxation – Objectives of

taxation – Theories of taxation: Cost of service theory, benefit theory and ability to pay theory –

Types of tax systems in India – Characteristics of good tax system.

Unit – IV: Taxation: 18 Hours

Direct and indirect taxes – proportional, progressive, regressive and digressive taxation with special

reference to India – Effects of taxation –specific and advalorum duties in India – GST-State

challenges.

Unit – V: Taxable Capacity: 18 Hours

Absolute and relative taxable capacity – Factors determining taxable capacity – Measurement and

limits of taxable capacity – India’s taxable capacity – Money and real burden of taxation – shifting,

impact and incidence of taxation – Factors influencing shifting – Theories of incidence – Tax

capitalization – Tax evasion and tax avoidance in India.

Course outcomes:


1) know the importance of public finance.

2) understand the government expenditure and revenue in India.

3) study the integrated approach to the functioning of the public finance.

4) acquire knowledge on different tax system.

5) learn the taxable capacity in India.

Books for Reference: 1. R.Cauvery, U.K.SudhaNayak, M.Grirja, N. Krupalani, R.Meenakshi, Public Finance,

S.Chand& company Ltd., New Delhi, 2001.

2. M.C. Vaish& H.S. Agarwal, Public Finance, Allied Publishers Private Limited, New Delhi,

1985.

Paper Title : Labour Economics


Subject Code : 14-5ESE1A

Credits : 4


Objective:

� To enable the students to acquire capabilities & skills needed for the career.

� To promote interpersonal relations conducive to organizations.

� To learn to appraise themselves of their performances.

� To enable the students in exploring the significance of labour as a productive power.

� To enrich the knowledge of the students about the status of Indian labour, Labour laws and the

power of Trade Union.

UNIT I: Labour, Wages and Human Resource Management

Indian Labour-Migratory character-Human Resource Management-Objectives- Importance-

functions-HRM in India-Human Resource Planning-Manpower forecasting-Levels of HRP-

Guidelines.-

15 Hours

UNIT II: Labour and Wages

Wages- Wage structure and wage differential-Wage legislation-Living-fair minimum and

National wages-Payment of wages Act-Minimum wages Act- Bonus and Fringe Benefits.

15 Hours

UNIT III: Employment and Recruitment Role of Employment Exchanges-Programmes to promote employment opportunities-

Recruitment-need-objectives-planning Internal and External influences, Job-Specification &

Description-Sources.

15 Hours

UNIT IV: Absenteeism, Labour Turn Over and Maintenance

Definition-Measurement of Labour turnover and effects-Maintenance: Occupational hazards

and disease-Industrial safety measures-Career Guidance -Promotion.

10 Hours

UNIT V: Trade Unionism and Industrial Disputes in India

Meaning-Pattern and structure of trade unions in India-Trade union movements in India-

Industrial disputes in India-Causes and Effects-Labour welfare measures-Social Security Measures

10 Hours

Teaching = 65 Hours


Total = 75 Hours

Reference Books and Websites:

1. B.P. Tyagi, Labour Economics and Social Welfare, Vikas publishing ltd New Delhi, 2003.

2. Srivastava. K.N, Industrial Peace and Labour in India, Vikas publishing Pvt let, New Delhi..

3. Prasad & Banerjee – Management of Human Resource

4. Peter J. Dowling, International Human Resource Management, Thompson Learning, Excel

Books, Australia.

5. Aspects of Labour Welfare and Social Security, A.M.Sharma, Himalaya Publishing House,

2003.

6. Verma, Pramod, Labour Economic and Industrial Relations, Mc Graw Hill Publishing, New

Delhi, 1987.

7. www.education.nic.in

8. www.planningcommission.nic.in

Paper Title : Economic of social Issues


Subject Code : 14-5ES1B

Credit : 4


Objectives:

This subject enables the students to understand the availability of resources, problems, types of

sectors and the role of agriculture in the development of Indian Economy.

UNIT I: Resource profile of India

a) Importance of natural resources-Land -Soil-Water-Forest-Mineral.

b) Human Resource-Nature and magnitude of Population-Need for population control and

government Policy.

11 Hours

UNIT II: Basic Problems of Indian Economy

Problem of Unemployment-Nature and extent-Causes and remedies-Human Resource

Development in India-Concept of poverty and economic inequalities-Problem of poverty in India-

Magnitude-Nature-Causes of poverty-Remedial measures-Poverty Alleviation Programmes such as

IRDP-DPAP-JRY-TRYSEM and their effects.

14 Hours

UNIT III: Industrial Sector

Importance-Problems of industrialisation –Industrial Policy Resolutions of 1956, 1980 &1991-

System and objectives of Industrial licensing –Industrial Development and Regulation ACT 1951-

MRTP Act of 1969-FERA-FEMA -New Industrial Policy-Large and small scale industries.

13 Hours

UNIT -IV: Transport sector and Public sector.

Development and problems-Transport Co-ordination-Scope-Objectives- Modes of

transportation-Roadways- Railways- Waterways –Airways-Public sector- -Growth of Public sector-

Problems of Public enterprises -Suggestions for improvement

UNIT –V: Economic Reforms

Rationale of internal and external reforms - Globalization of Indian Economy- WTO and its

impact on the different sectors of the Economy - Need for and issues in good governance - Issues of

global competition and safety nets in Indian Economy.

14 Hours

Teaching = 65 Hours


Total = 75 Hours

Reference Books, journals and Websites:

1. Devraj, Globalisation and Decentralised economic development, Rajat Publication, 2003

2. Talluru Srinivas, Globalisation and Emerging India, Discovery Publishers, 2006.

3. I.C. Dhingra, Indian Economy, Sultan Chand & sons.

4. N.P. Hariharan, Indian Economy, Vishal Publishers, 2005.

5. N.P.Hariharan,Indian Economy, Vishal Publishers, New Delhi,2006

6. The Indian Economy,S.K.Ray,Prectice,Hall of India,Private,Ltd, ,New Delhi,2007

7. A.N.Agarwal,Indian Economy,Wishwa Prakashan ,New Delhi,1998

8. M.M.Varma,R.K.Agarwal, Indian Economy, Kings Books, New Delhi

9. H.G. Mannur, International Economics.

10. Economic and Political Weekly,.

11. Indian Economic Diary 2002) (SEZ)

12. www.india.gov.in

Paper Title : Management of Financial Services

Paper Category : Skill Based Course 4

Subject Code : 14-5ESSB6

Credits : 2


Objectives:

i) To enable the students to understand the concepts and procedures in the management

process of financial services.

ii) To acquire skills in handling and marketing of financial products.

UNIT I: Merchant Banking

Meaning, Origin and Growth Scope of Merchant Banking Services.

5 Hours

UNIT II: Mutual Fund

Mutual fund schemes – Money market mutual funds. Safety, Liquidity and Profitability of

mutual funds.

5 Hours

UNIT III: Lease Financing & Hire Purchase

Methodology and Classifications – Factors influencing Lease Vs Buying decision.- Hire

Purchase – Concept and Sources – RBI guidelines for Hire Purchase.

.

5 Hours

UNIT IV: Credit Cards

Concept of credit card – Varieties of credit cards - Operational procedures – Acceptability of

credit cards.

5 Hours

UNIT- V: Venture Capital

Concept and characteristics,- Venture capital schemes.

.

5 Hours

Teaching = 25 Hours


Total = 30 Hours


1. C.R. Kothari, 2004, Investment Banking and Customer Service, Arihant Publishers, Jaipur, India.

2. M. Pandey , 2004, Financial Management, Vikas Publishing House Pvt. Ltd.

3. J.C. Verma, Merchan, 1999,- Organisation & Management, Tata McGraw Hill Publishing Co. Ltd.

4. R.K. Srivastava, 1998, Financial Decision-Making, Problems and Cases.

WEBSITES FOR REFERENCE

http://www. Vault. Com; http://www.incisivemedia.com;

http;//www.infinancials.com

VI SEMESTER

Paper Title : Macro Economics –II

Paper Category : Core – DSC-10


Credit : 5


Objectives

• To high light the importance of Macro Economic policy to the students.

• To enable the students to know the various Macro Economic Concepts.

• To introduce the students the various Macro Economic theories.

Unit I : Multiplier

15 Hours

Keynes investment multiplier – leakages – criticism – importance – the dynamic multiplier –

the employment multiplier.

Unit II : Acceleration and Super Multiplier 15 Hours

The principle of acceleration – the super multiplier.

Unit III: IS and LM Function 15 Hours

The product market equilibrium – deriving the IS curve – slope of IS curve – money market

equilibrium – deriving the LM curve - the slope of the LM curve – general equilibrium of product

market and money market

Uni t IV :Business Cycle 15 Hours

Meaning – phases of a business cycle – theories of business cycle – Hawtrey’s theory –

Schumpeter’s theory – Hicks’s theory of business cycle.

Unit V :New Economic Policy 15 Hours

New Economic Policy - Assessment of NEP – Arguments for against – Achievements of NEP.

Course Outcomes : The students of Economics are able to

• learn the concept of multiplier

• understand the principle of acceleration

• know about the functioning of super multiplier

• gain knowledge of IS-LM function

• study the different phases of business cycle with theoretical reference

• understand the NEP.


• H.L.Ahuja: ‘Macro Development Economics’ New Delhi. S.Chand& Co 2010.

G.Ackley: ‘Macro Economics Theory’ New Delhi: Macmillan Co, 2011.

Paper Title : Indian Economy-II

Paper Category : Core- DSC-XI

Subject code : 14 - 6ES11

Credit : 5

Number of hours/week : 6

Unit – I: Industrial Sector: 18 Hours

Importance – problem of Industrialization – Large Scale industries :Iron – steel - Textile – Cement –

Sugar – Fertilizers – Engineering – Petroleum - Small scale and Cottage Industries – Meaning and

scope – Role and contribution sickness in India industry.

Unit – II: Public and Private Sector: 18 Hours

Importance of Private and Public sector – Growth of Public Sector – Problem of Public

sector – Suggestions for Improvement –Importance of Private sector – Growth of Private Sector –

Problem of Private sector – Suggestions for Improvement.

Unit – III: Health & Education: 18 Hours

Causes of poor Health – Health care System – Issues in Health care – National Health

Policy – Achievements of Educational Sector – Weaknesses – Measures – Future Education Policy.

Unit – IV: Basic Problems of Indian Economy: 18 Hours Problems of unemployment – Nature and extent – Causes and remedies Poverty and Economic

inequalities – Problems of Poverty in India – Magnitude – Nature – Causes of poverty – Remedial

measures – Poverty alleviation programmes such as IRDP, DPAP, JRY, TRYSEM and others and

their effects.

Unit – V: Economic Reforms: 18 Hours

Rationale of Internal and External Reforms – Liberalization – Privatization – Ways of

Privatization – Privatization of India – Globalization – Definition and Meaning of Globalization

Advantages of Globalization.

Course outcomes:


• identify the role of industrial sector in India

• distinguish between public and private sector

• analyse the health status in India

• study the basic problems in India

• understand the economic reforms of the Indian government

Books for study

1. Dhingra, I.C,Indian Economy (New Delhi: Sultan 2014)

2. Indian Economy - A.N. Agarwal. 2015

3. Health Economics in India - Himanusha, Skar, Rout and Prashant

4. Indian Economy - RuddarDatt& K.P.M. Sundaram. 2016

5. Indian Economy - V.K. Puri& S.K. Mirsa 2014

Paper Title : Public Finance-II



Credits : 4


Objectives:

� To enable the students to get an insight into various areas of fiscal administration.

� To give an awareness about the practical fiscal aspects of Indian economy.

UNIT I: Nature and Scope of Public Finance

Meaning- Scope of public finance-Distinction between private and public finance- The

principle of maximum social advantage.

10 Hours

UNIT II: Public Revenue:

Public revenue-Sources-Canons of taxation-Theories of taxation-Benefit theory- Cost of

service theory and Ability to pay theory -Incidence-Factors affecting incidence of taxation-Impact and

shifting of taxation-Taxable capacity-Kinds of taxes-Direct and indirect taxes-Progressive and

Proportional taxes-Income tax-Wealth tax- Sales tax-VAT and Service tax-Effects of taxation.

16 Hours

UNIR III: Public Expenditure and Fiscal policy:

Public expenditure-Canons-Effects-Reasons for the growth of Public Expenditure in India-

Fiscal policy: Meaning-Instruments-Objectives-Fiscal policy in developing counties.

13 Hours

UNIT IV: Public Debt and Budget:

Public debt-Classification-Sources-Causes for borrowing-Effects-Methods of debt redemption-

India’s public debt-Internal and External debts-Budget- Meaning-Types- Preparations and

presentation-Budget deficit and deficit financing-Evaluation of the latest budget.

13 Hours

UNIT V: Federal Finance and Local Finance:

Federal Finance-Principles-Allocation of resources-Recommendations of the Recent Finance

Commission-Local Finance in India.

13 Hours

Teaching = 65 Hours


Total = 75 Hours


1. Tyagi. B.P., Public Finance, Jai Prakash Nath & Co, Meerut (U.P), 2007.

2. S.K.Singh,Public Finance in theory and Practice,S.Chand & Company Ltd,New Delhi,2004

3. Manker, Public Finance, Himalaya Publishing House, 5th

Edition, July 2001.

4. Singh. S.K., Public Finance in Developed & Developing Countries, S.Chand and company 6th

revised and enlarged edition – 2004.

5. Mithani. D.M. – Modern Public Finance – Theory & Practice, The Himalayan publishing

house Mumbai 1998

6. Cauvery. R, Public Finance, Sultan chand & company new Delhi 2001

7. www.incometaxindia.gov.in

8. www.indiabudget.nic.in

Paper Title : International Economics



Credits : 4


Objectives:

This paper enables the students to understand the meaning, features and theories of

international trade. It also helps the students to gain knowledge in terms of trade, foreign exchange,

balance of trade and foreign exchange control.


Differences between Internal trade and International trade -Bases for International trade-

Benefits and defects of International trade-Free trade-Protection-Kinds and effects- Advantages and

disadvantages- Dumping.

13 Hours

UNIT II: Terms of Trade

Meaning - Types -Factors affecting terms of trade- Tariffs & Quota and the terms of trade-

Gains from International Trade.

12 Hours

UNIT III: Balance of Payments

Meaning- Balance of trade and Balance of payments-Differences-Structure of balance of

payments- Foreign exchange- Meaning-Foreign exchange rate and its determination-Mint parity

theory-Purchasing power parity theory-Balance of payment theory.

14 Hours

UNIT IV: Exchange Control and Exchange Rate Policy Exchange control- Meaning-Objectives- Methods of exchange control-Exchange rate-Fixed

exchange rate-Merits and demerits-Flexible exchange rate-Merits and demerits- Forward exchange

market-Arbitrage operations. Functions of Foreign Exchange Market (FEM)

13 Hours

UNITV: International Organisations & Agreements (introduction and objectives only)

The International-Monetary Fund-The World Bank-The World Trade Organisations-

UNCTAD-SAARC-Private Foreign Investment and Multinational Corporations.

13 Hours

Teaching = 65 hours


Total = 75 hours


1. M.L. Jhingan “International Economics, Vrinda Publications, Delhi, 2003.

2. D.M. Mithani“International Economics, Himalaya Publishing House, Mumbai 2001

3. D.N.Drivedi“International Economics”

4. C.P. Kindle Berger “International Economics Taraporevala Sons & Co Bombay1977.

5. K.P.M Sundaram “Money banking and International trade”

6. Haberler “The theory of international trade”

7. H.G.P. Srivastave “International Economics, Himalaya Publishing House,

Mumbai 1979.

8. Ruddar Dutt and K.P.M. Sundaram “Indian Economy”S.Chand & company Ltd

Delhi, 2007.

Paper Title : Economics of Planning & Development



Credits : 4


Objectives:

• To understand the concept and theories of economic growth and planning

• To know the practicalities involved in planning

UNIT I: Economic Growth, Development and Planning in India:

Economic Growth-Development-Under development-Factors of Economic Growth-Economic

and Non-Economic factors-Types of Planning-Planning Machinery in India-Planning Commission-

Five Year Plans-Recent Five Year Plan -E-Governance

11 Hours

UNIT II: Linear Programming and Capital-Output ratio:

Linear Programming: Meaning-Application-Limitations-Uses and Application in planning-

Capital output ratio-Meaning-Factors determining Capital -Output ratio.

11 Hours

UNIT III: Theories of Economic Growth:

Adam Smith-Rostow Theory of Big Push-Doctrine of Balanced and Unbalanced growth-

Critical Minimum Effort Thesis.

11 Hours

UNIT IV: Capital Formation & Input – Output Ratio:

Capital formation: Importance-Vicious Circle-Reasons for low capital formation-Sources of

Capital formation-Input-Output Analysis-Model-Limitation-Applications with matrix.

11 Hours

UNIT V: Investment Criteria:

Investment Criteria in Economic Development- Capital Turnover Criterion- Social Marginal

Productivity Criterion-Reinvestment Criterion-Time Series Criterion.

10Hours

Teaching = 54 Hours


Total = 60 Hours


1. M.L. Jhingan, The Economics of Planning and Growth, Vrinda Publications, 2003.

2. Taneja and Sharma, Economics of Development and Planning, Vishal Publications Jalandhar,

1987.

3. Taneja and Mayer, Economics of Development and Planning, Vishal Publication Jalandhar,

2004

4. M.L. Seth, Theory and Practice of Economic Planning, S. Chand & Company (P) Ltd, 1982.

5. Tandon B.C, Economic Planning, Theory & Practice, Chaitanya Publishing House Allahabad,

1987.

6. Uma Kapila, Indian Economy, Academic foundation, New Delhi, 2002.

7. www.pmindia.nic.in.

8. www.planningcommission.nic.in

Paper title : MANAGERIAL ECONOMICS

Paper category : Core10

Subject code : 14-6ESE3A

Credit : 4

Number of hours / week : 5

Objectives:

• To relate theoretical concepts in economic theory with modern business practices.

• To predict the demand, cost, price, profit and capital requirements for a firm in future.

UNIT I : Introduction:

Definition, meaning & Significance of Managerial Economics. – Its relationship to economic

theory and business decisions – Alternative objectives of modern firms.

UNIT II : Demand Forecasting:

Demand Forecasting – Purpose and steps involved in Demand Forecasting – Determinants of

demand forecasting – Methods of demand forecasting – An evaluation of different methods demand

forecasting.

UNIT III : Cost control methods:

Role of cost in managerial decision making – Various types of costs- An evaluation of break-

even analysis.

UNIT IV : Pricing :

Pricing methods – Objectives and control.

UNIT V: Capital Budgeting

Capital expenditure decision and capital budgeting - capital budgeting techniques – Discounted

cash flow methods and its advantages and limitations – Cost of capital.

Reference:

• R. Cauvery, Dr,U.K.Sudh Nayak, Dr.M.Grija and Dr.Meenakshi, Managerial Economics,

2014.

• R.L.Varshney &K.L.Maheshwari, 2014, Managerial Economics, Chand & Sons, New Delhi.

• D.N.Trivedi, 2011, Managerial Economics, Vikas Publishin House Pvt. Ltd. New Delhi.

• G.S.Gupta, Managerial Economics, 2014.

Paper Title : Research Methodology

Paper Category : Elective 1 B

Subject Code : 14-6ESE3B

Credits : 5


Objective: The objective of this paper is to understand the methodology of economic research It

enlightens the students in the field of research concepts and techniques of research.


Meaning of economic Research-Need for economic research-Criteria of good research –

Problems encountered by researchers in India.

13 Hours

UNIT II: Different Type of Research

Experimental research-Field investigation research-Survey research-Evaluation research-

Problem oriented research-Action oriented research-Fact funding research-Historical approach-Case

study approach-Descriptive research-Scientific approach-Inter-disciplinary research.

13 Hours

UNIT: III Various Steps in Research

Identifying a research problem-Survey of literature-Selecting the objectives – Formation of

Hypothesis-collection and analysis of data-Report writing.

13 Hours

UNIT IV: Methods of Collection of Data

Primary data-Secondary data-Observation method-Interview method-Questionnaire method-

Census method- Sampling method-Different types of sampling- Methods of testing Hypothesis.

13 Hours

UNIT V: Interpretation and Thesis Writing

Bibliography-Data-processing-Tabulation-Editing-Coding-Analysis-and interpretation of data –

Format for research report-Preliminary-Text-Reference materials-Footnote Index

13 Hours

Teaching = 65 hrs

Evaluation = 10 hrs

Total = 75 hrs

Reference Books:

1. K.S. Sonachalam -Research Methodology of Social SciencesK.S.Koodal

Publishers,

2. Sadhu & Singh-Research Methodology in social science, Himalaya Publishing house

,1996

3. B.N.Ghosh – Scientific Methods and Social Research, Sterling Publishers Pvt Ltd,

1992.

ECONOMICS- CURRICULUM Effective from 2014 onwards

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