M.A.

(Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21

For Regular/ Distance Education/Private Students
1

ORDINANCES FOR MASTER OF ARTS EXAMINATIONS

(SEMESTER SYSTEM)
For Regular/Distance Education/Private Students

Applicability of Ordinances for the time being in force

Notwithstanding the integrated nature of a course spread over more than one academic
year, the Ordinances in force at the time a student joins a course shall hold good only for the
examination held during or at the end of the academic year. Nothing in these ordinances shall
be deemed to debar the University from amending the ordinances subsequently and the
amended ordinances, if any, shall apply to all the students whether old or new.

1. The examination for the degree of Master of Arts shall be held in four parts to be
called M.A. Semester-I, M.A. Semester-II, M.A. Semester-III and M.A. Semester-IV.
The Examination of odd semester shall be held in the months of December/January
and the examination of even semesters shall be held in the months of April/ May or
such other dates as may be fixed by the University.
2. (a) (i) The candidates will be required to pay examination fees as prescribed by
the University from time to time.
(ii) Last dates by which the examination forms and fees for the external
examinations must reach the Controller of Examinations shall be as follows:-
Semester Examination Without With late with late with late with late
late fee fee of fee of fee of fee of
Rs. 800/- Rs. 1200/- Rs. 5000/- Rs. 10000/-
-----------------------------------------------------------------------------------------------------------------------------------

Dec./Jan (odd) Sept. 30 Oct. 15 Oct. 21 Oct. 31 Nov. 10

April/May( Even) Feb. 28 March 15 March 21 March 31 April 15

(b) Candidates shall submit their admission forms and fee for admission to the
examination countersigned by the authorities as mentioned in the relevant
Ordinances.For improvement of marks/division. the fee will be the same as prescribed
for Private candidates and will be charged for each semester.
3. The following shall be the subjects out of which a candidate can offer one OR such
other subjects as approved by the University:

English, Hindi, Punjabi, Urdu, Persian, Sanskrit, History, Economics, Political Science,
Philosophy. Public Administration, Sociology, Defence and Strategic Studies,
Anthropological Linguistics and Punjabi Language, Religious Studies. Theatre and
Television.,Social Work. Fine Arts, Music (Instrumental and Vocal),Folk Art and Culture,
Psychology, Dance, Education ,Journalism and Mass Communication, Gurumat Sangeet
& Sikh Studies.

4. (i) The medium of examination for subjects in the Faculty of languages shall be
the language concerned and for other subjects English or
Punjabi.
(ii) The medium of examinations for M.A. Music, Dance, Fine Arts, Folk Art
Culture and Theatre and Television, shall be Punjabi, English and Hindi.
Provided that candidates for M.A. Sanskrit and M.A. Persian examination shall be
permitted at their option .to offer medium of examination as under:
M.A. Sanskrit Sanskrit or Hindi or Punjabi
M.A. Persian Persian or Urdu or Punjabi.
5. The syllabus be such as may be prescribed by the University from time to time.
6. Each paper will consist of 100 Marks, For Regular and Distance Education
students, 25% for internal assessment/Practical/Seminar etc. shall be as per
requirement of the department. There will be no internal assessment for private
students.
For regular and distance education students, the minimum number of marks
required to pass the examination shall be 35% marks in external assessment in each
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
2

paper separately in theory and practical and 35% in aggregate of internal,

external theory and practical. For private students, the pass marks will be 35% in each
paper.

Note: The Internal Assessment will be formulated and sent to COE as per prescribed
schedule. failing which the result of concerned candidates will be shown as RL.

7. There will be no condition of passing papers for promotion from odd semester to
even semester in an Academic Session.
To qualify for admission to 2nd year of the Course, the candidate must have passed 50%
of total papers of the two semesters of the Ist year.
A candidate placed under reappear in any paper, will be allowed two chances to clear
the reappear, which shall be available within consecutive two years/chances i.e. to
pass in a paper the candidate will have a total of three chances, one as regular student
and two as reappear candidate.
Provided that he shall have to qualify in all the papers prescribed for M.A. course
within a period of four years from the date he joins the course. In case, he fails to do
so within the prescribed period of four years as aforesaid he shall be declared fail.
The examination of reappear papers of odd semester will be held with regular
examination of the odd semester and reappear examination of the even semester will
be held with regular examination of even semester. But if a candidate is placed
under reappear in the last semester of the course, he will be provided chance to pass
the reappear with the examination of the next semester, provided his reappear of lower
semester does not go beyond next semester. It is understood that a reappear or failed
candidate shall be allowed to take the examination in papers not cleared by him
according to the date sheets of the semester examinations in which such papers may
be adjusted. After completing two years of studies (i.e. four semester course) he shall
not be admitted to any semester of the same course and will not have any privileges of
a regular student.
8. The grace marks shall be allowed according to the general ordinances relating to
'Award of Grace Marks', These ordinance will apply to all the examination.
(i) Upto 1% of the total marks of Part-I and II examination shall be added to the
aggregate of both Part -1 & 11 examinations to award a higher division/ 55% marks,
to a candidate.
(ii) Grace marks given shall be calculated on the basis of 1 % of total aggregate
marks of all the written and practical papers of the examination concerned. Marks for
viva-voce /internal assessment /sessional work/skill in teaching /any addition
all/optional subject shall not be taken into account for this purpose. If a fraction
works out to half or more, it shall count as one mark and fraction less than half be
ignored.
(iii) To pass in one or more written papers or subjects, and /or to make up the
aggregate to pass the examination but not in practical, sessional work, internal
assessment, viva-voce and skill in teaching.
9. * Three weeks after the termination of the examination or as soon as thereafter as
possible the Registrar shall publish a list of candidates who have passed the
examination of each semester. Each successful candidate in Semester-I, Semester-
II,Semester-III and Semester-IV examinations shall receive a certificate of having passed
that examination. A list of successful candidates in the Part-II examination be
arranged in three Divisions according to Ordinance 10 and the division obtained by the
candidate will be stated in his Degree.
-----------------------------------------------

For M.A. Social Work only :

After M.A. Final examination. Block Field work of eight week should be completed by each
student For the purpose of Block Field Work. the students will be placed in an
institution/agency/organization. It shall be on the satisfactory completion of the block field work
that student shall be eligible for the award of M.A. degree in Social Work. In case of having
completed the required Block Field Work the student shall be required to produce a certificate
from the institution/Agency/Organization to that effect. It is understood that the assigned
institution/Agency/Organization shall continue informing the Head of the Department fortnightly
about the progress of the Candidate.
The students shall also submit 50% field work concurrent reports during each year in
order to become eligible for the submission of the comprehensive field work report and for
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
3

appearing in the theory papers in each of the two years.

Concurrent field work will be of 100 marks in each year out of this 50 marks are allotted
for viva-voce examination and 50 marks are allotted to the field work report. .

10. Successful candidate who obtains 75% or more of the aggregate marks in Part- 1 and
Part- II examination taken together shall be declared to have passed the examination
with distinction and who obtain 60% or more the aggregate marks shall be placed in
first division. Those who obtain 50% or more but less than 60% shall be placed in
the second division and all below 50% shall be placed in the third division.
11. The examination in M.A.Part- I shall be open to a person who at least one academic
year previously.
**(i) has passed graduation in any Faculty having obtained 50% marks.
(ii) Candidate belonging to the following categories shall be allowed relaxation of 5%
in
the aggregate percentage:
(a) Scheduled Castes and Scheduled Tribes.
(b) Physically Handicapped, provided that they produce a medical certificate that they
have at least 40% physical disability.

** For M.A. Part-1 Sikh Studies, the percentage shall be 45%.

** For M.A. Part-1 Philosophy, the percentage shall be 45%.

12. Candidate shall submit their application forms for admission to the Ist Semester and
thereafter the 2nd Semester examination duly countersigned by the Head of the
Department/Principal of the College along with a certificate from the Head of the
Department/Principal of the college that the candidate satisfies the following
requirements:

(a) has been on the rolls of the University Teaching Department/college throughout
the academic term preceding the semester examination and;
(b) Of having good moral character; and
(c) Every candidate will be required to attend 75% attendance of the number
of periods delivered in each paper from the date of the candidate's admission to
the
department/college.
In the Department where there is separate period for Guided Library Reading. the
attendance for period. like the attendance of each paper. shall be 75% and will be
considered like a paper of separated Unit.
(d) Has been admitted to the examination as reappear/failed candidate, under the
ordinances/statutes.
Note: (a) In case of students, whose names are struck off on account of non-payment of
fee, their periods, for the time they were not on the rolls, shall not be accounted
for.
(b) The shortage in the attendance of lectures of the candidate will he condoned
as per rules made by the University from time to time.

13. The Part-II (3rd semester and thereafter the 4th semester)
examination shall be open to any person who has passed Part-I
examination in full or has cleared at least 50% of the papers of two semesters of the 1st
year from this University.
OR
*has passed Part-I examination in the subject offered from the Punjab/Guru Nanak Dev
University ; provided that he has offered the same papers in Part-I as are available in this
University. A candidate who has passed Bachelor of Journalism and Mass Communication
(annual) course from this University shall be eligible for admission to Master of
Journalism and Mass Communication Part-II 3rd Semester examination if he satisfies the
following requirements for each semester:-
(A) (i) has been on the rolls of the University/College throughout the academic
term preceding the Semester examination.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
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(ii) has not discontinued his studies for more than one year after passing Part-I
examination.
* In the case of candidates who have passed Part-I examination from the Panjab, Guru
Nanak Dev University. the marks obtained by them in Part-1 examination shall be
counted towards the division of successful candidate of Part-II examination of this
University by increasing or reducing the marks obtained.

* (iii) Every candidate will be required to attend minimum

75% lectures/periods** delivered to that class in each paper.
The college/department shall be required to deliver at least 75% of the total number of
lectures prescribed for each paper.
Teaching/Seminars/Tutorial Guided Library Reading
Period of 1 hour's duration - 1 Attendance
Practical one period of 2-3 hour duration 1 Attendance In the Departments, where
there is separate period for Guided Library Reading , the attendance of period ,like the
attendance of each paper, shall be 75% and will be considered like paper of seperate Unit.

(iv) Has been admitted to the examination as reappear/failed candidate under the
ordinance/statutes.
Note: (a) In case of students, whose names are struck off on account of non-payment
fee, their periods for the time they were not on the roles shall not be
accounted for.
(b) The shortage in the attendance of lectures of the candidate will be
condoned as per rules made by the University from time to time.
--------------------------------------------------

* Note: Teaching Weeks in an academic year = 25

Required Credit Hours(CH) per week for student = 25

1 Credit Hours (CI-I)=I Lecture Contact Hour (LCH)

= I Seminars/tutorial/Guided /library Reading
Contact Hour (STORCH)
=2 Practical Contact Hours (PCH)
** A student who was debarred from appearing in an examination owing to shortage in
the number of lectures delivered in all subject (s) shall be permitted to complete his
lectures in the next session and to appear in the examination within the period prescribed
in the Ordinances for appearing as late University/College student.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
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SYLLABUS
M.A. (ECONOMICS)
PART-I
(SEMESTER SYSTEM)
Sessions: 2019-20 & 2020-21

SCHEME OF STUDIES

SEMESTER-1
Eco.-101: Micro-Economic Analysis
Eco.-102: Macro-Economic Analysis
Eco.-103: Basic Quantitative Methods
Eco. - 104: Economics of Growth and Development
Ecol.-105: Any one of the following papers:
(1) Economics of Agriculture
(ii) Economics of Industry
(iii) Economics of Labour
(iv) History of Economic Thought
(v) Economics of Demography
(vi) Economics of Gender and Development
(Vii) Economic History of U.K. and Japan
SEMESTER -II
Eco.-201: Micro-Economic Analysis
Eco.-202: Macro-Economic Analysis
Eco.-203: Basic Quantitative Methods
Eco.-204: Economics of Growth and Development
Eco.-205: Any one of the following papers (Same as selected in Semester-1):
(i) Economics of Agriculture
(ii) Economics of Industry
(iii) Economics of Labour
(iv) History of Economic Thought
(v) Economics of Demography
(vi) Economics of Gender and Development
(vii) Economic History of India and U.S.S.R.
The Break-up of 25 Marks for Internal Assessment (Theory papers), for Regular
Students, is as below:
1. Two Mid-Semester Tests 10 Marks
2. Class Attendance 05 Marks
3. Project Work/Assignment 10 Marks
Seminar/Field Work etc.
Total Marks
25 Marks
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
6

Economics Department
Punjabi University, Patiala

M.A. (Economics) Part-I: Credit Scheme

Session 2019-20 & 2020-21
(This Scheme is for Regular Students only)
Hours
Sem. Paper Title Seminar/ Total
Lect. Tut. Pract.
Consult. Credit
I Eco.-101: Micro-Economic Analysis 4 1 - 1 5
I Eco.-102: Macro-Economic Analysis 4 1 - 1 5
I Eco.-103: Basic Quantitative Methods 4 1 - 1 5
I Eco.-104: Economics of Growth and
4 1 - 1 5
Development
I Eco-105: Any one of the following papers
a) Economics of Agriculture 4 1 - 1 5
b) Economics of Industry 4 1 - 1 5
c) Economics of Labour 4 1 - 1 5
d) History of Economic Thought 4 1 - 1 5
e) Economics of Demography 4 1 - 1 5
f) Economics of Gender and
4 1 - 1 5
Development
g) Economic History of U.K. and
4 1 - 1 5
Japan
II Eco.-201: Micro-Economic Analysis 4 1 - 1 5
II Eco.-202: Macro-Economic Analysis 4 1 - 1 5
II Eco.-203: Basic Quantitative Methods 4 1 - 1 5
II Eco.-204: Economics of Growth and
4 1 - 1 5
Development
II Ecol-205: Any one of the following papers:
a) Economics of Agriculture 4 1 - 1 5
b) Economics of Industry 4 1 - 1 5
c) Economics of Labour 4 1 - 1 5
d) History of Economic Thought 4 1 - 1 5
e) Economics of Demography 4 1 - 1 5
f) Economics of Gender and
4 1 - 1 5
Development
g) Economic History of India and
4 1 - 1 5
U.S.S.R

Open Elective Paper: Principles of Economics

(Qualifying paper for other students in second semester)

The subjects which the student can opt from MOOC will be notified by the department
semester wise time to time.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
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ECO-101: MICRO ECONOMICS ANALSIS

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Introduction and Basic Concepts: Basic economic problem-choice and scarcity; deductive and
inductive methods of analysis; equilibrium: existence, stability and uniqueness. Partial and general
equilibrium; static and dynamic equilibrium. Role and significance of assumptions in economic
analysis; economic models.
Demand Analysis : Indifference curve analysis : price, income and substitution effects; Slutsky
theorem, compensated demand curve; Revealed preference theorem; Revision of demand theory by
Hicks; Recent developments in demand analysis, Linear expenditure systems; constant elasticity
demand function; Dynamic versions of demand principle and Houthaker and Taylor's Dynamic Model.

SECTION-B
Theory of Production and Costs: Production Function : short period and long period; law of
variable proportions and returns to scale; Isoquants-Least cost combination of inputs; Returns to
factors; Economies of Scale; Elasticity of substitution; Technical progress and production function;
Cobb- Douglas, CES and translog production functions and their properties.
Theories of Costs and Firm's Equilibrium: Traditional and modern theories of costs; Derivation of
cost functions from production functions. Marginal analysis as an approach to firm's equilibrium;
short-run and long-run equilibrium of the firm and industry under perfect and imperfect competition.
Price and output determination under perfect competition, under monopoly and under discriminating
monopoly.

BASIC READING LIST

1. Kreps, David M.: Course in Micro-economic Theory, Princeton University Press Princeton, 1990.
2. Koutsoyiannis, A. :Modern Micro-economics (2nd Edition), Macmill Press, London, 1979.
3. Layard, P.R. and:Micro-economics Theory, McGraw Hill, New York, 1978. A.W.Walters
4. Sen, A. :Microeconomics: Theory & Applications, Oxford University Press, New Delhi, 1999.
5. Stigler, G.:Theory of Price (4th Edition), Prentice Hall of India, New Delhi, 1996.
6. Varian, H.:Micro-economic Analysis, W.W.Norton, New York, 2000.

ADDITIONAL READING LIST

1. Baumol, W.J: Economic Theory and Operations Analysis, Prentice Hall of India, New Delhi, 1982.
2. Hirshleifer, J.and: Price, Theory and Applications, Prentice Hall India, New A. Glazer Delhi, 1997.
3. Green, H.A.G. : Consumer Theory: Penguin, Harmondsworth 1971.
4. Henderson, J.M&: Micro-economic Theory: A Mathematical Approach, R.E.Quandt McGrawHill, New
Delhi, 1980.
5. Da Costa, G.C : Production, Prices and Distribution. Tata McGraw Hill, New Delhi, 1980.
6. Health fields & Wibe : An Introduction to Cost and Production Functions, Macmillan, London, 1987.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
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ECO-102 MACRO ECONOMIC ANALYSIS

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
National Income and Theories of Full Employment : Circular flow of income in two-three
and four -sector economy; different forms of national income accounting-social accounting ;
input output, flow of fund accounting and balance of payments and balance of payments
accounting; Classical and Keynesian theories of full employment.
Theories of Consumption and Investment: Keynes' psychological law of consumption and
empirical evidence; income-consumption relationship-relative income, life cycle, permanent
income hypothesis and consumption under uncertainty; Marginal efficiency of capital and
investment; accelerator and investment behaviour; neoclassical theory of investment.
SECTION-B
Money, Interest and Income: Neo-classical and Keynesian views on interest: IS-LM Model
and extensions of IS-LM models with labour market and flexible prices; Post-Keynesian
approaches to demand for money; Patinkin and the real balance effect; approaches of Baumol
and Tobin; Friedman and modern quantity theory.
Theory of Inflation: Classical and monetarist approaches to inflation; structuralist theory of
inflation; Philips curve analysis-short-run and long-run Philips curve; Samuelson and Solow-
the natural rate of unemployment hypothesis. Tobin's modified Philips curve.
Theory of Business Cycles: Samuelson, Hicks and Goodwin's Model.
RECOMMENDED READINGS
1. Ackley, G. : Macro-economics: Theory and policy, Macmillan, New York,
1978.
2. Blackhouse, R.and A. : Macro-Economics and the Real World (eds.) (Two volumes),
Salansi OUP, London, 2000
3. Branson, W.A and : Macro-economic Theory and Policy (3rd Edition), Harper York,
Row, New 1989.
4. Dornbusch, R.F. : Macro-economics (Seventh Stanley and Richard edition),
McGraw-Hill Startz: Publishing Company Ltd., New
Delhi.2000.
5. Hall, R, E and J.B : Macro-economics. W.W. Norton, New York, 1986.
Taylor
6. Jha, R. : Contemporary Macro-economics: Theory & Policy. Willey
E Eastern New Delhi, 1991.
7. Shapiro, E. : Macro Economics Analysis, Golgotia Publications, New Delhi,
1996.
8. Surrey, M.J.C (ed.) : Macro Economics Themes. Oxford University Press, Oxford,
1976.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
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9

ECO-103: BASIC QUANTITATIVE METHODS

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words

INSTRUCTIONS FOR THE CANDIDATES

Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION -A
Calculus: Concept of differentiation. Differentiation of function of one variable including
logarithmic and exponential functions. Successive and partial derivatives. Euler's theorem.
Elementary Concepts of Integration: Integration of function of one variable.Applications of
Revenue and cost function, Analysis of Consumer's surplus and Producer’s Surplus
Applications of Derivatives in Economics: Elasticity of demand, Average and marginal
functions. Problems of optimization (max. /min.) in case of one variable.
SECTION-B
Matrices: Definition and types. Elementary operations. Rank of a matrix. Matrix inverse by
adjoint and Linear Equation method .Concept of determinants and its properties. Solution of
simultaneous Equations by Cramer's Rule and Matrix Inverse methods and proving problems.
Application of simultaneous equations in Economics.
Arithmetic and Geometric Progression Elementary idea and their economic applications.
RECOMMENDED READINGS
1. Alpha c. Chiang : Fundamental Methods of Mathematical Economics, Ch.4-
12.
2. J.P. Lewis : An Introduction to Mathematics for Students of
Economics. Ch. 7-24.
3. D.S. Huang : An Introduction to the Use of Mathematics.

4. F.E.Croxton & : Applied General Statistics

D.J.Cowden
5. S.P. Gupta : Statistical Methods, S. Chand and Co; New Delhi.

6. Sancheti & Kapoor : Business Mathematics, S. Chand and Co., New Delhi.

7. Suranjan Saha : Business Mathematics and Statistics.

8. Joshi and Aggarwal : Mathematics for Students of Economics.

SUPPLEMENTARY READINGS
1. P.H. Daus and : Algebra with Application to W.M.Wryburn.
Business and Economics.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
10

2. P.G.Hoel : Elementary Statistics.

3. Ya-Lun Chow : Statistical Analysis (2nd ed.), pp, 78-114.

ECO-104: ECONOMICS OF GROWTH AND DEVELOPMENT

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words

INSTRUCTIONS FOR THE CANDIDATES

Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Growth, Development and Under-development: Measurement of development; per capita
income, purchasing power parity income, PQLI, HDI; Problems of international comparison.
Economic development and structural change: theories of Kuznets and Chenery.
Economic Development and Institutions: Market and state. Theories of institutional change
and economic development: Schumpeter, North. Dependency theory of development: Paul
Baran, Andre Gunder Frank and Samir Amin.

SECTION-B
Resources for Development: Domestic and external. Population and development: theory of
demographic transition. Theory of big push: Rosenstein-Rodin; Murphy, Shleifer and Vishny.
Theory of Growth: Harold -Domar, Kaldor and Mirrlees. Neoclassical theory of growth:
Meade, Solow, Uzawa's Two Sector Model.

RECOMMENDED READINGS
1. Michael P.Todaro : Economic Development in the Third World.
2. Debraj Ray : Development Economics.
3. S.S.M.Desai and : Economic Planning and Nirmal D. Bhalerao Policy. .
4. Paul M. Sweezy : The Theory of Capitalist Development
5. Amartya Sen : Growth Economics.
6. Robert J. Barro and : Economic Growth.
Xavier Sala-im-Martin.
7. Deepak Lal : The Poverty of Development Economics.
8. Gerald M. Meier : Leading Issues in Economic Development.
9. A.P.Thirlival : Growth and Development.
10. Satu Kahkonen and A New Institutional Approach to economic Manur Olson
Development.
11. Amartya Sen. : Development as Freedom.
12. Chenery, H. and Handbook of Development
T.N.Srinivasan : Economics Vol, 1, 2 and 3.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
11

13. Ghatak, S. : An Introduction to Development Economics.

14. W.A.Lewis : The Theory of Economic Growth.
15. J.A.Schumpeter : The Theory of Economic Development.
Any one of the following:
Eco-105 (i): ECONOMICS OF AGRICULTURE
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS FOR PAPER SETTERS

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections. A and B will have four questions each. Each question shall
carry 12 marks. Section C will consist of 09 short answer type questions which will cover the
entire syllabus uniformly and will carry 27 marks in all. Each short answer type question will
carry 3 marks. The candidates are required to give answer of each short type question in about
100 words.
For Private Students, the question paper will consist of three sections: A, B and C.
Sections. A and B will have four questions each. Each question shall carry 16 marks. Section
C will consist of 09 short answer type questions which will cover the entire syllabus
uniformly and will carry 36 marks in all. Each short answer type question will carry 4 marks.
The candidates are required to give answer of each short type question in about 100 words

INSTRUCTIONS FOR THE CANDIDATES

Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Meaning and Scope of Economics of Agriculture, Factors affecting Agricultural
Development: technological; institutional and general. Interdependence between Agriculture
and Industry.
Approaches to Agricultural Development: Lewis; Ranis-Fei; Schultz; Mellor and Boserup.
SECTION-B
Systems of farming: Peasant farming; Capitalistic farming; State farming; Collective farming
and Co-operative farming. Land reforms: the theoretical issues - meaning and its various
forms; ownership vs. tenancy cultivation; large farms vs. small farms; causes for persistence
of small farms in developing economies; objectives of land reforms and role of land reforms
in economic development.
Concept of Production Function: input-output; input-input and product-product relationship in
farm production. Risk and uncertainty in agriculture: difference between risk and uncertainty,
types of uncertainty in agriculture and measures for meeting risk and uncertainty in
agriculture. Instability of agriculture: types and measures for reducing instability of
agriculture.
RECOMMENDED READINGS
1. H.C.Taylor : Outlines of Agricultural Economics. Macmillan, New York.
2. D.O. Black :Introduction of Economics of Agriculture, Macmillan, New York.
3. Charan.D. Wadhva :Some problems of India's Economic Policy, Tata McGraw-Hill,
Bombay.
4. Framcis R. Frankel :India's Green Revolution: Economic Gains and Political Costs,
Oxford University Press , Bomaby.
5. T.W.Schultz :Transforming Traditional Agriculture, Layall Book Depot, Ludhiana.
6. J.W.Mellor :The Economics of Agriculture Development, Vora and Co., Mumbai.
7. E.Boserup :The Conditions of Agricultural Growth,Alne Publishing Company,
Chicago.
8. W.A.Lewis :Economic Development with Unlimited Supplies of Labour, The
Manchester School of Economic and Social Studies.
9. R. Ranis& C.H.Fei :A Theory of Economic Development, American Economic Review.
10. R.N.Soni :Leading Issues in Agricultural Economics, Sohan Lal Nagin Chand
and Co., Jalandhar.
11. Sadhu and Singh :Fundamentals of Agricultural Economics. Himalaya
Publishing House, Mumbai.
SUPPLEMENTARY READINGS
1. Economic and Political Weekly. Sameeksha Trust, Mumbai
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
12

2. Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, Mumbai.

3. The Indian Journal of Labour Economics. The Indian Society of Labour Economics, New
Delhi.
4. Agricultural Situation in India, Government of India.

ECO-105 (ii): ECONOMICS OF INDUSTRY

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION -A
Introduction: Scope and Elements of Industrial Economics; Definitions and Concepts: Plant,
firm, industry, market, market structure, market power, market conduct and market
performance, Passive and active behavior of firm. Forms of Market Structure. Structure-
Conduct-Performance Paradigm; Market structure and profitability.

Organizational Forms and Theories of Firms: Forms of industrial organization: Ownership

management and control. Firm and its objectives. Alternative theories of firm: W.J.Baumol,
O. Williamson, R. Marris, Cyret and March.

SECTION-B
Industrial Strategies to Competition: Industrial productivity: Concept, measurement and
determinants. Industrial Capacity : Concept and measurement of capacity utilization.Concepts
of diversification, merger and acquisition.

Project Planning and Investment Decisions: Nature and types of investment decisions,
Time profile of a project, Methods of project evaluation, Introduction to cost-benefit analysis.
RECOMMENDED READINGS

1. Bains , J.S. : Industrial Organisation, Cheltanhm,U.K., 1996.

2. Barthwal, R.R.: Industrial Economics, Weiley Eastern Ltd. New Delhi, 1990.
3. Cherunilam, F.: Industrial Economics: Indian Perspective, Himalaya Publishing House, Mumbai, 1994.
4. Chandra, P.: Project Preparation, Appraisal, Budgeting and Implementation, Tata McGraw-Hill
Publishing, New Delhi.
5. Desai, B.: Industrial Economy in India, Himalaya Publishing House, Mumbai, 1999.
6. Divine, P.J. and R.M. Jones et.al.: An Introduction to Industrial Economics George Allen and Unwin
Ltd, London, 1976.
7. Hay, D.and D.J.Morris: Indian Economics: Theory and Practice, Oxford University Press, 1979.
8. Shepherd, W.G: The Economics of Industrial Organization
9. Kanwaljeet Kaur: T[d:'fre noE^Pk;so
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
13

ECO-105 (iii): ECONOMICS OF LABOUR

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Labour Markets: Nature and Characteristics of Labour markets; Characteristics of a
developing economy and growth of labour market in India; Paradigm of labour market
analysis - (a) The Classical theory of the labour market .(b) The Neo-Classical theory of the
labour market .The labour market in a dual economy. Analysis of demand for and supply of
labour. The Malthusian theory of population.
Employment: Concept of employment and unemployment. Employment and Development
relationship. Measurement and causes of unemployment with reference to India. Impact of
rationalization, technological change and modernization on employment with reference to
India.

SECTION-B
Wage Determination: Neo-Classical theory of wage determination: (a) Marginal productivity
theory. (b) Wage determination under imperfect competition. (c) Bargaining theory; Various
concepts of wages: minimum wage, living wage, fair wage. Problems of implementation of
minimum wages. (a) The need for State regulation. (b) Objects of minimum wages. (c)
Difficulties in enforcing minimum wages, with special reference to India. Wage determination
process in the industrial and agricultural sectors of the Indian economy, including the informal
sector.
Wage and Non-wage Components of Labour Remuneration. Methods of wage payments.
Wage differentials and Standardization of wages. Equal pay for equal work. Incentive system
of payment to workers including bonus and profit-sharing schemes. Wage-Inflation
relationship, including discussion of the Phillips Curve.

BASIC READINGS
1. T.N.Bhagoliwal : Economics of Labour and Industrial Relations.
2. Jiwitesh Kumar Singh: Labour Economics.
3. Michael P. Todaro : Economic Development.
4. Benjamin Higgins : Economic Development.
5. G.M.Meier : Leading Issues in Development Economics.
6. B.J.Mclormick and : The Labour Market.
E.Owen (ed.)
7. Lloyd G. Reynolds : Labour Economics and Labour Relations.
8. A.M.Cartter and : Labour Economics. Wages. Employment and Trade
F.Ray Marshall Unionism.
9. V.V.Giri : Labour Problems in Indian Industry.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
14

10. S.C. Pant : Indian Labour Problems.

11. S.C.Kuchhal: : The Industrial Economy of India.
12. Arun Monappa : Industrial Relations.
13. T.S. Papola and : Labour Institutions and Economics Development in India.
G.Rodgers (eds.)
14. L.Misra. : Child Labour in India.

FOR REFERENCE
1. Govt. of India : Report of the First and Second National Commission on Labour.
2. Govt. of India : Latest Annual Report of the Ministry of Labour.
3. Susan Horon, Ravi Ranbur and Deepak Mazumdar (ed.): Labour Market in an
Era of Adjustment, Vol. 1, World Bank publication.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
15

ECO-105 (iv): HISTORY OF ECONOMICS THOUGHT

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Economic Ideas and the Development of Economic Thinking in Ancient Times: Hebrew
Economic thought Greek Economic Thought: Plato and Aristotle; Roman Economic Thought.
Medieval Economic Thought: Cannon Law; Ideas of Saint Thomas Aquinas and Nicholas
Oresme.
The Beginnings of the Modern World: Mercantilism: Rise of Mercantilism and its main ideas.
Physicracy: The pre-conditions of the Industrial Revolution; Ideas of Natural Order and Net
Product; Quesnay's Tableau Econonomique.

SECTION-B
Adam Smith; Philosophy of Naturalism and Optimism. Theories of Value, distribution,
Views on division of labour, trade and economic progress.
David Ricardo: Theories of Value, rent distribution and ideas on economic development and
international trade.
Malthus: Theory of population and gluts.

RECOMMENDED READINGS
1. Blackhouse, R. : A History of Modern Economic Analysis, Basil
Blackwell, Oxford, 1965.
2. Screpanti, Ernesto & : An outline of the History of Economic Thought,
Stefano Zamagni Clarndon Press, 1995.
3. Gide, C, and G. Rist: : A History of Economic Doctrines (2nd edition),
George Harrop & Co., London, 1956.
4. Grey, A. and A. : The Development of Economic Doctrine (2nd
E.Thomson edition), Longman Group, London, 1980.
5. Spiegel, H.W : The Growth of Economic Thought, 1991.
6. ROLL,E : A History of Economic Thought, 1991 A History of
Economic Thought, Faber, London, 1973.
7. Schumpeter, J.A : History of Economic Analysis, Oxford University
Press, New York, 1954.
8. Seshadri, G.B. : Economic Doctrines, B.R. Publishing Corporation,
Delhi, 1997.
9. Hamey, L.H. : History of Economic Thought, 1949
10. Mandel, E. : Marxist Economic Theory, 1968.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
16

SUPPLEMENTARY READING LIST

1. Blaug, M. : Economic Theory in Retrospect: A History of
Economic Thought from A dam Smith to J.M.
Keynes (5th Edition), Cambridge University Press,
Cambridge, 1997.
2. Dasgupta, A.K : Epochs of Economic Theory, Oxford University
Press, New Delhi, 1985.
3. Koot, G.M. : English Historical Economics: 1850- 1926,
Cambridge University Press, Cambridge,1988.
4. Schumpeter, J.A : Ten Great Economists, Oxford University Press,New
York, 1951.
5. Shyionya, Y. : Schumpeter and the Idea of Social Science, Cambridge
University Press, Cambridge, 1997.
6. Blackhouse, R.E : The Penguin History of Economics, 2002.
7. Heilbroners, R.L. : The Worldly Philosophers, 2000.
8. Lanneret, H, and : History of Economic Thought, 1994.D. Colander
9. Dobb, M. : Theories of Value and Distribution since Adam Smith.
1973
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
17

ECO-105 (v): ECONOMICS OF DEMOGRAPHY

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Population and Development: Meaning and scope of demography, Components of
population growth and their interdependence; Measures of population changes; Structure,
distribution and sources of population data; Theories of population-Malthus, optimum theory
of population; Theories of demographic transition-view of Medows, Enke and Simon;
Population and development.
Structure of Population: Population trends in the twentieth century; International aspects of
population growth and distribution; Pattern of sex and sex structure in more developed and
less developed and less developed countries; Determinants of age and sex structure; age
pyramids and projections- individual aging and populating aging.

SECTION-B
Fertility: importance of Study of fertility- Total fertility rate, Gross reproduction rate and net
reproduction rate. Levels and trends in more and less developed countries; Factors affecting
fertility.
Nuptiality: Concept and analysis of marital status; Trends in age at marriage, widowhood and
divorce.
Mortality : Levels and trends in mortality in more and less developed countries; Sex and age
patterns and difference in mortality: Foetal and infant mortality; Factors fro dealing in
mortality in recent past; Life Tables-Construction and uses: Methods for population
projection.
RECOMMENDED READINGS
1. D.J.Bogue : Principles of Demography, John Viley, NewYork,
1971.
2. S.C. Gulati : Fertility in India: An Econometric Study of
Metropolis , Sage, New Delhi, 1988.
3. K.Srinivasan: : Basic Demographic Techniques and Applications,
Sage, India, 1998.
4. H.Shyrock et.al. : The Methods & Materials of Demography.
U.S. Department of Commerce, Washington D.C.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
18

ECO-105 (vi): ECONOMICS OF GENDER AND DEVELOPMENT

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Introduction to Gender Studies: Importance and concepts of women Studies- Women in
patriarchal and matriarchal societies and structures, matrilineal and matrilineal systems and
relevance to present day society in India; Economic basis and functioning of patriarchy in
developed and LDCs,. particularly India; Gender bias in the theories of value, distribution and
population.
Demography of Female Population : Age structure, mortality rates, and sex ratio-Causes
and implications of declining sex ratios and fertility rates in LDCs and particularly
India ;Theories and measurement of fertility and its control; Women and their access to
nutrition, health, education, and social and community resources and their impact on female
mortality, fertility migration, economic status.
SECTION-B
Women in Decision Making: Factors affecting decision making by women; property rights,
access to and control over economic resources, assets; power of decision making at
household, class, community level; Economic status of women and its effect on work-
participation rate, income level, health, and education in developing countries and India.
Conceptualization of Women's Work: Concept and analysis of women's work. Valuation of
productive work and unproductive; visible and invisible work; paid and unpaid work;
economically productive and socially productive work. Female contribution to National
Income.

BASIC READINGS
1. Boserup, E. : Women's Role in Economic Development, George
Allen and Unwin, London, 1970.
2. Government of India : Towards Equality Report of the Committee on the status
of women in India, Department of Social Welfare,
Ministry of Education and Social Welfare, New Delhi, 1974.
3. Krishnaraj, M., : Gender, Population and Development,
R.M, Sudarshan & Oxford University Press, New Delhi,1999.
A Shariff
4. Seth, M. : Women and Development: The Indian
Experience, Sage Publications, New Delhi, 2000.
5. Srinivansan K. and : India : Towards Population and Development A.Shroff.
Goals, Oxford University Press, New Delhi, 1998.
6. Wazir, R. : The Gender Gap in Basic Education: NGOs as
Change Agents, Sage Publications, New Delhi, 2000.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
19

ADDITIONAL READINGS
1. Mishra, S. : Voluntary Action in Health and population: The
Dynamics of Social Transition, Sage publications,
New Delhi. 2000.
2. Sen, A.K : Gender and Cooperative Confects in Tinker (Ed.)
Persistent Inequalities: Women and World
Development, Oxford University Press, New York,
1990.
3. Amsden, A.H. (Ed.) : The Economics of Women and Work, Penguin,
Harmondsworth. 1980.
4. ILO: : Women's Participation in the Economic Activity of
Asian Countries, ILO, Geneva, 1978.
5. Papola, T.S. and : Gender and Employment in (Eds.) India,
A.N Sharma Vikas Publishing House, New Delhi, 1999.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
20

ECO - 105 (vii): ECONOMICS HISTORY OF U.K. AND JAPAN

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
U.K (1865-1945)
British Economy in Mid-eighteenth Century: Agriculture, Industry and Trade; Industrial
Revolution: Origin, Growth and impact; Agrarian Revolution in the Eighteenth Century;
Growth of major industries after industrial revolution: Textiles, Iron and Steel and
Engineering; the factory system and factory acts.
Trade and Transport System: Railways and Navigation and Company Trading. Emergence
and growth of trade union movement. British economy on the eve of First World War;
Economy between the Two World Wars.
SECTION-B
JAPAN (1868-1970)
The Meiji restoration and its economic implications. Economic reconstruction: 1868-1881.
Economic development of agriculture and industry: 1881-1914 and 1914-32; Economic
policy and zaibatsu.
Economy in thirties, revelation and preparation of war: 1932-1937. Economic
reconstruction after world war-II. Structural changes in the economy. Role of state in
economic development.

RECOMMNDED READING

1. D.R. Gadgil : The Industrial Evolution of India in Recent Times,

Oxford University Press, Delhi.
2. Mourice Doob : Soviet Economic Development since 1917,
London, Rutledge and Keg an Ltd.
3. G.C. Allen : A Short Economic History of Modern Japan,
London, Unwind, University Books.
4. W.W.Lockwood : Economic Development of Japan, Princeton, New
Jersey, Princeton University Press, 1954.

SUPPLEMENTARY READINGS
1. Alec Nova : The Soviet Economic System, London,
George Allen and Unwind Ltd; 1973.
2. David A. Dyker : The Soviet Economy, Canada Publishing
Limited.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
21

SECOND SEMESTER
ECO-201: MICRO ECONOMIC ANALYSIS
For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A

Price and output Determination: Monopolistic competition-General and Chambering

Approach; Equilibrium of the firm and group with product differentiation and selling costs,
excess capacity under monopolistic competition, Non-collusive oligopoly-Cournot, Bertrand,
Edge worth, Chamberlin and Stackable Models; Kinked demand curve model and price
rigidity. Collusive oligopoly-cartels and price leadership models.
Alternative Theories of the Firm: The marginality controversy and critical analysis of
marginal analysis, Hall and Hitch Report and average cost pricing principles. Alternative
theories of the firm-Baumol’s sales revenue maximization model; Marris model of managerial
enterprise; Williamson's model of managerial discretion; Decision making under
uncertainty:Attitude towards Risks.
SECTION-B
Distribution: Neo-Classical approach-marginal productivity theory; product Exhaustion
theorem; modern version of marginal productivity theory, Factor pricing under imperfect
product and factor markets-determination of wages. Macro theories of distribution-Riparian,
Marxian, Kellick and Kaldor's.
Welfare Economics: Pigouian welfare economics; Pareto's unanimity rule and optimal
conditions; value judgment; Caldor-Hicks compensation Principle, Social Welfare function;
Bergson-Samuelson; Raul's Theory of second best-Arrow's impossibility theorem.

BASIC READING LIST

1. Kreps, David M. : A Course in Micro-economic Theory, Princeton
University Press, Princeton, 1990.
2. Koutsoyiannis, A. : Modern Micro-economics (2nd Edition). Macmillan
Press, London, 1979.
3. Layard, P.R.G& A.W. : Micro-economics: Theory ,McGraw-Hill, New
Walters York, 1978.
4. Sen.A. : Micro-economics: Theory & Applications, Oxford
University Press, New Delhi. 1999.
5. Stigler,G. : Theory of Price (4th Edition), Prentice Hall of
India. New Delhi, 1996.
6. Varia,H. : Micro-economic Analysis, W.W. Norton, New
York, 2000.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
22

ADDITIONAL READING LIST

1. Baumol, W.J. : Economic Theory and Operations Analysis,
Prentice Hall of India, New Delhi, 1982.
2. Hirshleifer,J. and : Price, Theory and Applications, Prentice Hall of
A.Glazer India, New Delhi, 1997.
3. Green, H.A.G. : Consumer Theory, Penguin, Hammondsport, 1971.
4. Henderson,J.M & : Micro-economic Theory: A Mathematical
R.E.Quandt Approach, McGraw Hill New Delhi 1980.
5. Da Costa, G.C. : Production, Prices and Distribution, Tata McGraw
Hill, New Delhi, 1980.
6. Health fields& Wife : An Introduction to Cost and Production Functions,
Macmillan, London, 1987.
7. Bronfenbrenner, M. : Welfare Economics, Basil Blackwell, London,
1984.
8. Broadway, R.W : Welfare Economics, Basil Blackwell, London 1979.
9. Graff, J.De V. : Theoretical Welfare Economics, Cambridge
University Press, Cambridge, 1957.
10. Mishand ,E.J. : Welfare Economics: An Assessment North Holland,
Amsterdam, 1969.
11. Quirk,J. and : Introduction to General Equilibrium Theory and
Welfare Economics, McGraw Hill, New York,
1968.
12. Burch, K.H. : The Economics of Uncertainty, Princeton
University Press, Princeton, 1968.
13. Diamond & : Uncertainty in Economics, Academic Press, New
Rothschild (Eds.) York, 1978.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
23

ECO-202: MACRO ECONOMIC ANALYSIS

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Micro-foundations of Macro-economics: Formation of expectation; Philips curve and Lucas
Island model, policy ineffective theorem; Taylor model; Caplin-Spulber Model; Coordination
failure models.
Marco-economics Policy for Stabilization and Growth: Theory of economic policy, policy
objectives and conflicts; fixed vs. target approach, monetary policy, fiscal policy and
crowding out, policy mix.
SECTION-B
Open Economy Macro-economics: Balance of payment and exchange rate, capital mobility,
Mundell-Flemning model-perfect capital mobility under fixed and flexible exchange rate;
assets markets, expectations and exchange rates, monetary approach to balance of payments.
Inflation and Monetary Policy: Inflation, money growth and interest rates; dynamic
inconsistency of low-inflation monetary policy, signora and inflation monetary policy,
seignorage and inflation; budget deficit and fiscal policy, Ricardian Equivalence Debate, tax
smoothing under certainty and uncertainty; cost of deficit and debt crisis

READING LIST
1. Bhaduri, A. : Macro-economics: They Dynamic of Commodity
Production, Macmillan India Ltd. New Delhi, 1990.
2. Bo-Sodersten and : International Economics, Macmillan Press London,
G. Reed 1994.
3. Dornbusch, R,.S. : Macro-economics. Tata Mc Grew-Hill, New Delhi,
Fischer& R. Startz 2000.
4. Makin, A.J. : International Macro-economics, Prentice Hall, London,
2002.
5. Hall, R.E and J.B : Macro-economics, W.W. Norton, New Your 1986.
Taylor
6. Romer David : Advanced Macro-economics, McGraw-Hill,
International Edition, New York, 2001.
7. Turnovsky, : Methods of Macro-economic Dynamics, Prentice Hall
Steophen,J. of India Pvt. Ltd., New Delhi, 1997.
8. David K.H. Begg : The Rational Expectations Revolution in Macro-
economics: Theories & Evidence, Heritage Publishers,
New Delhi, 1982.
9. Drazen , Allan : Political Economy in Macro- economics, Orient
Longman, New Delhi, 2004
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
24

10. Levacic, Rosalind& : Macro-economics: An introduction to Keynesian-

Alexander, Redman Neoclassical Controversies, Macmillan India, 2003.
11. Sachs, Jeffery D.& : Macro-economics in the Global Economy, Prentice
Felipe B, Larraine Hall, New Jersey, 1993.

ECO-203: BASC QUANTITATIVE, METHODS

 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
25

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of the
Section A and B and the entire section C.
SECTION-A
Concepts of Geometric Mean, Harmonic Mean and their applications, Measures of Dispersion
including Lorenz Curve . Skewness: Meaning, types and measures. Probability ; definition,
concepts, Addition and Multiplication theorems and its applications.
Correlation and Regression: Correlation: Definition, types, causation, Methods of
correlation; Discrete and Continuous Variables; Properties of correlation, Rank Correlation
and its applications, and Concurrent Deviation Method.
Regression Analysis: Meaning,types, difference between Correlation and Regression,
Methods of obtaining Regression Equations in case of two Variables only, Properties of
Regression Coefficients, Discrete and Continuous Variables.
SECTION-B
Interpolation and Extrapolation: Binomial Expansion Method, Newton's Method for
Leading Differences and Lagrange's Method.
Index numbers:Meaning,types, problems and methods of construction of Index Numbers.
Chain and Fixed Base Index Number, Tests of Consistency and Cost of living Index
Numbers.
Time Series Analysis : Components of Time Series and its Measurement of Secular Trend
and Seasonal Variations.
RECOMMENDED READINGS
1. Alpha C. Chiang : Fundamental Methods of Mathematical Economics.
2. S.P.Gupta : Statistical Methods.
3. S.C.Gupta : Statistical Methods
4. T.L.Kaushal : Statistical Analysis
5. Joshi and Aggarwal Mathematics for the Students of Economics(Latest
Edition)
SUPPLEMENTARY READINGS
1. P.H. Daus and : Algebra with Application to Business and Economics.
W.M. Wryburn
2. P.G.Hoel : Elementary Statistics.
3. Ya-Lun Chow : Statistical Analysis (2nd ed.)

ECO-204: ECONOMICS OF GROWTH AND DEVELOPMENT

 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
26

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Endogenous Models of Growth: Lucas and Romer. Theory of Convergence and divergence:
Barro and Sale i- Martin; Development and migration: Lewis and Todaro.
Resource Allocation: Cost-benefit analysis. Shadow prices. investment criteria . Choice of
appropriate technology and employment. Project evaluation.
SECTION-B
Human Capital: Education and R& D, health and nutrition: theory, investment, returns and
policy issues. Growth, poverty and inequality: theory, measurement, empirical evidence and
interconnections.
Environment and Development: Sustainable development, conservation and use of
exhaustible resources: water and minerals. Markets in agriculture: land, labour and credit and
their functioning, inter-linkage and policy.
LIST OF READINGS
1. Michael P. Todaro : Economic Development in the Third World.
2. Debraj Ray : Development Economics.
3. Robert J. Baroo and : Economic Growth.
Xavier Sala-ix-Martin
4. Gerald M. Meier : Leading Issues in Economic Development.
5. J.E. Meade : A Neo-classical Theory of Economic Growth.
6 Adelman, A. : Theories of Economic Growth and Development.
7 Chenery,H.and : Handbook of Development Economics. Vol. 1, 2& 3.
T.N.Srinivasan
8. Solow , R. M. : Growth Theory: An Exposition.
9. Mehrotra,S.and : Development with a Human Face.
J.Richard
10. Dasgupta, P., A.K. : Guidelines for Project Evaluation.
Sen& S Margin
11. Mishan, E.J. : Cost Benefit Analysis.
12. Lawrence ,G. Hines: : Environmental Issues: Population and Economics.
13. Chenery.H.B.et.al.(eds.) : Redistribution with Growth.
14 Meadows,D.H. et.al: : The Limits to Growth.
15. Anil Markandya et. al Environmental Economics for sustainable Growth: A
Handbook for, practitioners, Edward Elgar, USA,
2002.
16 Nick Hanely and Colin : Issues in Environmental Economics Blackwell
J. Roberts (eds.) Publishers, UK, 2001.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
27

ECO-205(i): ECONOMICS OF AGRICULTURE

For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS FOR PAPER SETTERS

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections. A and B will have four questions each. Each question shall
carry 12 marks. Section C will consist of 09 short answer type questions which will cover the
entire syllabus uniformly and will carry 27 marks in all. Each short answer type question will
carry 3 marks. The candidates are required to give answer of each short type question in about
100 words.
For Private Students, the question paper will consist of three sections: A, B and C.
Sections. A and B will have four questions each. Each question shall carry 16 marks. Section
C will consist of 09 short answer type questions which will cover the entire syllabus
uniformly and will carry 36 marks in all. Each short answer type question will carry 4 marks.
The candidates are required to give answer of each short type question in about 100 words.
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Farm-size and Productivity Relationship in Indian Agriculture. Agricultural Price Policy in
India: Instruments and evaluation. Diversification of Indian Agriculture: Meaning, Objectives,
Incentives and Disincentives for its achievement, Problems therein. Farm Mechanization in
Indian Agriculture: Case for and against it; Agricultural Marketing in India: Types, Efficiency,
problems and measures for its improvement'
SECTION-B
New Agricultural Strategy and Green Revolution: Factors responsible, Implications and
Problems thereon. Problems of agricultural labourers and small farmers. Rural indebtedness:
Causes and measures. Need for Rural Credit, its classification and sources. Recent Trends in
Agricultural Growth in India: Causes of low agricultural productivity and Inter-regional
variations in growth of output and productivity in India. WTO and agriculture in India.

RECOMMENDED READINGS
1. C. Eicher and L. Witt : Agriculture in Economic Development. Vora and Co.,
Mumbai.
2. R.N. Soni : Leading Issues in Agricultural Economics. Sohan Lal
Nagin Chand &Co., Jalandhar.
3. Sadhu and Singh : Fundamentals of Agricultural Economics. Himalaya
Publishing House, Mumbai.
4. Charan D. Wadhva : Some Problems of India, Allied, Bombay.
5. P.C. Joshi : Land Reforms in Indian. Allied, Bombay.
6. Rudder Datt and : Indian Economy, S. Chand & Co. Ltd. New Delhi.
K.P.Sundharam
7. Francis R. Frankel : India's Green Revolution: Economic Gains and
Political Costs, Oxford University Press, Bombay.
8. Draft of GATT : Text of Uruguay Round 1994, World Trade Centre,
Agreements Final Mumbai.

SUPPLEMENTARY READINGS
1. Economic and Political Weekly, Sameeksha Trust, Mumbai.
2. Indian Journal of Agricultural Economics, Indian Society of Agricultural
Economics, Mumbai.
3. The Indian Journal of Labour Economics, the Indian Society of Labour
Economics, New Delhi.
4. Agricultural Situation in India, Govt. of India, New Delhi.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
28

ECO-205-(ii): ECONOMICS OF INDUSTRY

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Location and Pricing: Location of Economic Activities: Theories of A. Weber, Sargent
Florence and Tord Plander, Determinants and Factors affecting Industrial Location; Industrial
Pricing: Theory and Practice-Cost oriented pricing, Competition-oriented pricing, Pricing in
public enterprises.
Industrial Finance: Types of financial requirements and Sources of industrial finances.
Development Financial Institutions, Capital Market in India: Evolution, Structure, Problems
and Reforms in Indian Capital Market.
SECTION-B
Industrial Development in India Since 1991: Role and Pattern of industrialization,
Industrial Policy changes; Public sector: Role and problems , Privatization: Nature and
extent of disinvestment. Role of Foreign capital in Industrial Sector.

Current Problems of Industrial Sector: Industrial Sickness and Problems of Small Scale
Industries in India. Industrial disputes: Causes and machinery for settlement.

BASIC READING LIST

1. Ahluwalia, I.J : Industrial Growth in India, Oxford University Press,
New Delhi, 1985.
2. Dhar, P.K. : Indian Economy: Its Growing Dimensions Kalyani
Publishers, New Delhi, 2007.
3. Dutt, Ruddar : Indian Economy, S. Chand and Company Ltd., 2009
and Sundharam,
K.P.M.
4. Golder, B. : Technology Acquisition and Productivity Growth: A
Study of Industrial Firms in India, Working Paper,
Institute of Economic Growth, Delhi, 1995.
5. Govt. of India : Annual Surveys.
6. Mishra, S.K. : Indian Economy, Himalaya Publishing House, New
and Puri, V.K. Delhi, 2008.
7. Mookherjee, Dilip : Indian Industry: Policies & Performances. Oxford
(ed.) University Press, Delhi, 1995.
8. Nayyar, Deepak : Industrial Growth and Stagnation, 1994.
(ed.)
9. Smith , D.M. : Industrial Location: An Economic and Geographic
Analysis, John Wiley, New York, 1971.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
29

ECO-205 (iii): ECONOMICS OF LABOUR

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Trade Unions: Growth of Industrialization and emergence of unionism. Theories of labour
movement- The Marxian view and the Theory of Industrial Democracy by Sidney and
Beatrice Webb. Growth, Structure and Pattern of Trade Unionism in India. Achievements and
failures of Trade Union Movement in India.
Industrial Relations: Determinants of Industrial Disputes, Steps to achieve Industrial peace.
Methods of settlement of Industrial Disputes. Collective bargaining, conciliation and
arbitration, Labour participation in Management.

SECTION-B
Social Security and Welfare Legislation in India: Concept of social security. Social security
and Social Insurance. Important social security and labour welfare measures adopted by the
Government.
Important Labour Legislation in Indian: (a) Industrial Disputes Act; (b) Trade Unions Act; (c)
Factories Act; and (d) Employees State Insurance Act.
State and Labour: Receding state and its effect on labour markets. Need for safety sets,
Special labour problems: Child labour; Woman labour; Agricultural labour (in the Indian
context). Second National Commission on Labour and its recommendations. ILO and its role
imp promoting labour welfare.

BASIC READINGS
1. T.N. Bhagoliwal : Economics of Labour and Industrial Relations.
2. Jiwitesh Kumar : Labour Economics.
Singh
3. Michael P. Todaro : Economic Development
4. Benjamin Higgins : Economic Development
5. G.M.Meier : Leading Issues in Development Economics.
6. B.J. Mclormick and : The Labour Market.
E. Owen (ed.)
7. Lloyd G. Reynolds : Labour Economics and Labour Relations.
8. A.M.Cartter and F. : Labour Economics, Wages, Employment, and Trade
Ray Marshall Unionism.
9. V.V.Giri : Labour Problems in Indian Industry.
10. S.C.Pant : Indian Labour Problems.
11. S.C. Kuchhal : The Industrial Economy of India.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
30

12. Arun Monappa : Industrial Relations.

13. T.S. Papola and G. : Labour Institutions and Economics Development in
Rodgers (eds.) India.
14. L. Misra. : Child Labor in India.

FOR REFERENCE
1. Govt. of India: Report of the First and Second National Commission on Labour.
2. Govt. of India. Latest Annual Report of the Ministry of Labour.
3. Susan Horon, Ravi Ranbur and Deepak Mazumdar (ed): Labour Market in an Era of
Adjustment, Vol. 1, world Bank Publication.

SUPPLEMENTARY READING LIST

1. Blaug, M. : Economic Theory in Retrospect: A History of Economic
Thought from Adam smith to J.M. Keynes (5th Edition),
Cambridge University Press, Cambridge, 1997.
2. Dasgupta, A.K : Epochs of Economic Theory, Oxford University Press,
New Delhi, 1985.
3. Koot, G.M. : English Historical Economics: 1850-1926, Cambridge
University Press, Cambridge, 1988.
4. Roy. M.N : Memoirs, Allied Publishing House, Bombay, 1964.
5. Schumpeter, J.A : Ten Great Economists, Oxford University Press, New York,
1951.
6. Shyionya, Y. : Schumpeter and the Idea of Social Science, Cambridge
University Press, Cambridge, 1997.
7. Blackhouse, R.E : The Penguin History of Economics, 2002.
8. Heilbroners, : The Worldly Philosophers, 2000.
R.L.
9. Lanneret, H. and : History of Economic Thought, 1994.
D. Colander
10. Dobb, M. : Theories of Value and Distribution since Adam Smith,
1973.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
31

ECO-205 (iv): HISTORY OF ECONOMICS THOUGHT

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Economic idea of J.B.Mill , Senior and List , Origin of Socialist Thought.
Socialist Ideas: Sismondi, Saint-Simon and Production. Marxian Philosophy: Dialectical
Materialism and Historical Materialism. Marxian theories of value, surplus value, profit and
crisis of capitalism.
SECTION-B
Marginalist Revolution: Jevons, Wairas, Manger, Neo-classical thought: Marshall.
Welfare Economics: Hobson and Pious.
Indian Economic Thought: Ancient Indian Economic Thought: Kautilyal; Valluvar
Founders of Indian Economics: Dadabhi Naoroji, G.K. Gokhale, R.C. Dutt and M.
Visesvaray.
RECOMMENDED READINGS
1. Blackhouse, R. : A History of modern Economic Analysis, Basil Blackwell,
Oxford, 1965.
2. Screpanti, Emesto. : An outline of the History of Economic Thought,Clarendon
& Stefano Press 1995.
Zamagni
3. Ganguli, B.N : Indian Economic Thought: A 19th Century Perspective,
Tate McGraw Hill New Delhi, 1977.
4. Gide, C. and G. : A History of Economic Doctrines (2nd edition) Longman
Rist: Group, London. 1980.
6. Kautilya : The Arthashastra, Edited, Rearranged, Translated and
Introduced by L.N. Rangarajan, Penguin Books, New
Delhi, 1992.
7. Spiegel, H.W. : The Growth of Economic Thought, 1991.
8. Roll, E. : A History of Economic Analysis, Oxford University Press,
New York, 1954.
9. Schumpeter, J.A. : History of Economic Analysis, Oxford University Press,
New York, 1954.
10. Seshadri, G.B. : Economic Doctrines, B.R. Publishing Corporation, Delhi,
1997.
11. Hamey , L.H, : History of Economic Thought, 1949.
12. Mandel, E. : Marxist Economic Theory, 1968.
13. Gandhi, M.K : Indian of My Dreams, Navajivan Publishing House,
Ahmadabad, 1947.
14. Naoroji, Dadabhai : Poverty and Un-British Rule in India.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
32

15. Visesvaraya, M. : Planned Economy of India.

SUPPLEMENTARY READING LIST

1. Blaug, M. : Economic Theory in Retrospect: A History of Economic
Thought from Adam Smith to J.M. Keynes (5th Edition),
Cambridge University Press, Cambridge, 1997.
2. Dasgupta, A.K : Epochs of Economic Theory, Oxford University Press,
New Delhi, 1985.
3. Koot, G.M : English Historical Economic: 1850-1926, Cambridge
University Press, Cambridge, 1988.
4. Roy, M.N. : Memoirs, Allied Publishing House, Bombay , 1964.
5. Schumpeter, J.A : Ten Great Economists. Oxford University Press, New
York, 1951.
6. Shyionya, Y. : Schumpeter and the Idea of Social Science, Cambridge
University Press, Cambridge, 1997.
7. Blackhouse, R.E : The Penguin History of Economics, 2002.
8. Heilbroners, R.L. : The Worldly Philosophers , 2000.
9. Landreth H. and D. : History of Economic Thought, 1994.
Colander
10. Dobb, M. : Theories of Value and Distribution since Adam Smith,
1973.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
33

ECO-205 (v): ECONOMICS OF DEMOGRAPHY

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Migration and Urbanization: Basic concept and definitions; importance of migration, Types
of migration; Factors affecting migration. Theories of migration related to internal migration;
Urbanization-Growth and distribution of rural-urban population in developed and developing
countries.
Demographic Database in India: Study of Census in India-Methodology and characteristics
in India; Nature of information collected in 1971, 1981, 1991 and 2001 Census in India;
National Family Health Survey 1 and 2 and Rapid Household survey; Changing
characteristics of population in India; Pattern of Migration urbanization in India.
SECTION-B
Population and Development with Reference to India: Population, economy and
environment linkage-Population, health, nutrition productivity nexus; Population and human
development issues; Demography and household behavior.

Population Policy in India: Evolution of Population policies and India; The New
Population Policy; Tasks before National Population Commission.

RECOMMENDED READINGS
1. D.J. Bouge : Principles of Demography, John Wiley, New York, 1971.
2. A. Bose : India's Basic Demographic Statistics
3. P.K. Chaube : Population Policy in India, Kenosha Publications, New Delhi,
2000.
4. K. Srinivasan : Basic Demographic Techniques and Applications, Sage, India,
1998.
5. H. Shyrock et. : The Methods & Materials of Demography, U.S. Department of
al. Commerce, Washington D.C.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
34

ECO-205 (vi): ECONOMICS OF GENDER AND DEVELOPMENT

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Women and Labour Markets: Factors affecting female entry in labour market; Supply and
demand for female labour in developed and developing countries, particularly India; Studies
of Female work participation in various sectors of Indian Economy. Wage differentials in
female activities; Determinants of wage differentials, gender, education, skill, productivity,
efficiency, opportunity.
Women, Technology and Environment: Impact of technological development and
modernization on women's work participation in general and in various sectors such as
agriculture , non-agriculture rural activities, small and cottage industries and organized in
industry; Role of new technologies for helping women.
SECTION-B
Social Security and Social Protection for Women: Social security of women, entitlements
ensuring economic independence and risk coverage, access to credit and insurance markets;
Role of voluntary organizations, self-help groups in providing social security; Schemes for
safety net for women; Need for female labour unions; Affirmative action for women and
improvement in their economic and social status.
Gender Development Policies and Governance: Gender and development Indies;
Mainstreaming gender into development policies; Gender sensitive governance ; Paradigm
shifts form women's well being to women's empowerment; Democratic decentralization
(pantheist) and women's empowerment in India.

BASIC READINGS

1. Boserup, E. : Women's Role in Economic Development, George

Allen and Unwin, London, 1970.
2. Government of India : Towards Equality, Report of the Committee on the
status of Women in India, Department of Social
Welfare, New Delhi, 1974.
3. Krishnaraj, M. & : Gender, Population and Development,
R.M.Sudarshan Oxford University A.Shariff Press, New Delhi,
1999.
4. Seth, M. : Women and Development: The Indian Experience,
Sage Publications, New Delhi, 2000.
5. Srinivasan K. and A. : India: Towards Population and Development Goals,
Oxford University Press, New Delhi, 1998.
6. Wazir, R. : The Gender Gap in Basic Education: NGOs as
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
35

Change Agents, Sage Publications, New Delhi,

2000.
ADDITIONAL READINGS
1. Mishra, S. : Voluntary Action in Health and Population: The
Dynamics of Social Transition, Sage Publications,
New Delhi, 2000.
2. Sen, A.K. : Gender and Cooperative Conflicts in Tinker (Ed.)
Persistent Inequalities: Women and World
Development, Oxford University Press, New York.
1990.
3. Amsden, A.H (Ed) : The Economics of Women and Work, Penguin,
Harmondsworth, 1980.
4. ILO : Women's Participation in the Economic Activity of
Asian Countries, ILO, Geneva, 1978.
5. Papola, T.S. : Gender and Employment in India, Vikas Publishing
House, New Delhi, 1999.
6. MHRD, GOI : Sharm Shakti: Report of the National Commission
on Self-employed Women and Women Workers in
the Informal Sector, Ministry of Human Resources
Development, New Delhi, 1987.
7. Ahmed, I. (Ed.) : Technology and Rural Women Conceptual and
Empirical Issues, George Allen & Unwin, London,
1995.
8. Jhabwala, R. and R.K.: The Unorganized Sector: Work-Subramanya (Eds.)
Security and Social Protection, Sage Publication,
New Delhi, 2000.
9. Carr, M., C, Martha : Speaking Out: Women's & Economic
R.Jhabvala (Eds.) Empowerment in South Asia, Vistaar publications,
New Delhi, 1987.
10. Narasimhan, S. : Empowering Women: An Alternative Strategy from
Rural India, Sage Publications, New Delhi, 1999.
11. Purushothaman, S. : The Empowerment of Women in India:
Grassroots Women's Networks and the State,
Sage Publications, New Delhi, 1998.
12. Boserup, E. : Women's Role in Economic Development, George
Allen and Unwin, London.
13. Mitra, Ashok : The State of Women Literacy and Employment.
Allied, Bombay.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
36

ECO-205 (vii): ECONOMICS HISTORY OF INDIA AND USSR

For Regular Students, lecture to be delivered: 9 periods per week, 6 periods' theory & 3
periods tutorials (45 minutes each)
For Regular and Distance Education Students Time Allowed: 3 Hours
Maximum Marks: 100 Pass Marks: 35%
Internal Assessment: 25 Marks Teaching Hours (For Regular
External Assessment: 75 Marks Students): 55

For Private Students

Maximum Marks: 100

INSTRUCTIONS TO THE PAPER-SETTER

For Regular and Distance Education Students, the question paper will consist of three
sections: A, B and C. Sections A and B will have four questions each. Each question shall carry 12
marks. Section C will consist of 9 short-answer type questions which will cover the entire syllabus
uniformly and will carry 27 marks in all. Each short answer type question will carry 3 marks. The
candidate are required to give answer of each short type question in about 100 words
For Private Students, the question paper will consist of three sections: A, B and C. Sections A
and B will have four questions each. Each question shall carry 16 marks. Section C will consist of 9
short-answer type questions which will cover the entire syllabus uniformly and will carry 36 marks in
all. Each short answer type question will carry 4 marks. The candidate are required to give answer of
each short type question in about 100 words
INSTRUCTIONS FOR THE CANDIDATES
Candidates are required to attempt five questions in all selecting two questions from each of
the Section A and B and the entire section C.
SECTION-A
Economy in the mid-ninetieth century, Demographic developments. National Income.
Agrarian economy: Evolution of and tenure system, commercialization of agriculture and its
adjustment to colonial purposes. Change in land utilization and cropping pattern. Problems of
rural indebtedness. The cooperative movement, Famines and famine policy.
Handicrafts: Decline of handicrafts,. The de industrialization thesis. Modern industries:
Plantations, mining, manufacturing, Industrial policy. Transport and communications. Public
Finance: Currency and banking. Foreign trade and payments: The drain thesis, Commercial
policy. Foreign capital and its role. Economic consequences of the British rule.

SECTION-B
USSR (1917-1970)
Russian economy in 1917. War communism and New Economic Policy. The Great Debate.
Collectivization of Soviet agriculture.
Economic problems of the economy after 1945, Economic reforms of mid-1950's and after,
Industrial and agricultural structure and development under planning.

RECOMMENDED READINGS
1. D.R. Gadgil : The Industrial Evolution of India in Recent Times,
Oxford University Press, Delhi.
2. Mourice Dobb : Soviet Economic Development since. 1917,
London, Routledge and Kegan Ltd.
3. G.C.Allen : A Short Economic History of Modern Japan,
London, Unwin, University Books.
4. W.W. Lockwood : Economic Development of Japan, Princeton, New
Jersey, Princeton University Press, 1954.

SUPPLEMENTARY READINGS
1. Alec Nove : The Soviet Economic System, London, George
Allen and Unwin Ltd., 1973.
2. David A, Dyker : The Soviet Economy, Canada Publishing Limited.
 M.A. (Economics,) PART-I, (Sem I, II) for Sessions: 2019-20 & 2020-21
For Regular/ Distance Education/Private Students
37

Open Elective Subject

Paper: Principles of Economics

Maximum Marks: 100 Teaching Periods: 55

Internal Assessment: 25 Marks Time Allowed: 3 Hours
External Assessment: 75 Marks Pass Marks: 40

Instructions for the Paper-Setter

The question paper will consist of three sections: A, B and C. Sections A and B will have
four questions in each of the sections of the syllabus and will carry 12 marks each. Section C
will consist of 9 short-answer type questions which will cover the entire syllabus uniformly
and will carry 27 marks in all. Each short answer question will carry 3 marks.

Instructions for the Candidates

Candidates will be required to attempt two questions from each of the sections A and B of
the question paper and the entire Section C.

Section-A
Economics: Meaning, Nature and Scope. Basic Concepts: Utility and Satisfaction, Human
Wants, Price and Value, Deductive and Inductive Methods, Distinction between Micro and
Macro Economics, Positive and Normative Economics.
Theory of Demand: Law of Demand and its Exceptions, Elasticity of Demand and its
Measurement, Consumer Behavior-Utility Analysis and Indifference Curve Analysis.
National Income: Concepts and Measurement, Methods of Accounting.

Section-B
Money: Definition, Concepts and Types. Theories of Demand for Money
Public Finance: Nature, Scope and its Importance. Public Expenditure: Principles, Effects of
Public Expenditure on Production and Distribution.
Taxation: Types, Concepts and Canons, Characteristics of a Good Tax System, Incidence and
Impact of Taxation
Balance of Payments and Exchange Rate: Concepts and Components; Fixed versus flexible
Exchange Rate, Determination of Exchange Rate.

Basic Readings

A.K. Koutsoyiannis . Modern Micro Economics, Atlantic Publishers, New Delhi.

H.L. Ahuja. Advanced Economics Theory. S Chand& Company New Delhi

Richard A Musgrrave and Peggy Musgrave, Public Finance in Theory and Practice, Tata Mc Graw Hill, New Delhi

M H Navalur and K K Dewit. Modern Economics Theory. S Chand & Company, New Delhi

H L Bhatia. Public Finance, (latest edition), Vikas Publishers, New Delhi