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1
SPICER ADVENTIST UNIVERSITY
AUNDH POST – 411 067
PUNE, MAHARASHTRA
INDIA
COURSE STRUCTURE
&
SYLLABI
DEPARTMENT OF ECONOMICS
(Under Arts and Social Sciences faculty)
BATCH
2016 – 2017 to 2018 - 2019
2
SPICER ADVENTIST UNIVERSITY Department of Economics (2016/17 – 2018/19)
COURSE STRUCTURE SEMESTER I
Sl # Course code Course Title L P Cr. Instr.
FOUNDATION
1 MLPR 111 Moral Principles 3 3
2 ENGL 111 Compulsory English 3 3
CORE COURSES
1 ECON 111 Principles of Micro Economics 4 4
2 ECON 112 Indian Econ. Problems and prospects I 4 4
DISCIPLINE ELECTIVE (Any One course from the courses listed below)
1 ECON 113 Moral Value Principles of Economics 3 3
GENERIC ELECTIVE (Not for Department student)
1 ECON 114 Economics of Health and Education 3 3
20
SEMESTER II
Sl# Course code Course Title L P Cr. Instr.
FOUNDATION
1 VLED 122 Value Education 3 3
2 ENGL 122 Functional English 3 3
CORE COURSES
1 ECON 121 Principles of Macro Economics 4 4
2 ECON 122 Indian Econ. Problems and prospects II 4 4
DISCIPLINE ELECTIVE (Any One course from the courses listed below
1 ECON 123 Maharashtra Economy 3 3
GENERIC ELECTIVE (Not for Department student)
1 ECON 124 Public Economics & Externalities 3 3
20 SEMESTER III
Sl # Course code Course Title L P Cr. Instr.
FOUNDATION
1 INCT 231 Information & Communication Tech. 2 1 3
CORE COURSES
1 ECON 231 Comparative Economic systems 4 4
2 ECON 232 Public Finance 4 4
3 ECON 233 Co-operative Societies 3 3
DISCIPLINE ELECTIVE (Any One course from the courses listed below
1 ECON 234 Economics of Planning 3 3
GENERIC ELECTIVE (Not for Department student)
1 ECON 235 Demographic Studies 3 3
20
3
SEMESTER IV
SEMESTER V
Sl # Course code Course Title L P Cr. Instr.
FOUNDATION 1 ENVA 351 Environmental Awareness 3 3
CORE COURSES
1 ECON 351 History of Economic thoughts 4 4
2 ECON 352 Economics of Growth and Development 4 4
3 ECON 353 Statistical Methods in Economics 3 3
SEMESTER VI
Sl# Course code Course Title L P Cr. Instr.
FOUNDATION 1 LSSL 362 21
st Century Life skills and Service learning 1 2 3
CORE COURSES
1 ECON 361 International Economics 4 4
2 ECON 362 Environmental Economics 4 4
3 ECON 363 Project 3 3
F = Foundation courses = 24 C = Core course = 60 Elt. = Elective Courses = 36
Foundations: 6 + 6 + 3 + 3 + 3 + 3 = 24 20%
Core Courses: 8+8+11+11+11+11 = 60 50%
Electives: 6+6+6+6+6+6 = 36 30%
Grand Total = 120 100%
Sl# Course code Course Title L P Cr. Instr.
FOUNDATION
1 HLWL 242 Health and Wellness 3 3
CORE COURSES
1 ECON 241 Money & Banking 4 4
2 ECON 242 Agriculture Economics 4 4
3 ECON 243 Research Methods in Economics 3 3
DISCIPLINE ELECTIVE (Any One course from the courses listed below
1 ECON 244 Rural Economy & Development 3 3
GENERIC ELECTIVE
(Not for Department student)
1 ECON 245 Developing & Emerging Markets 3 3
20
DISCIPLINE ELECTIVE (Any One course from the courses listed below
1 ECON 354 Economic policies of India since 1991 3 3
GENERIC ELECTIVE
(Not for Department student)
1 ECON 355 Labor Economics 3 3
20
DISCIPLINE ELECTIVE (Any One course from the courses listed below
1 ECON 364 Industrial Economics 3 3
GENERIC ELECTIVE:
(Not for Department student)
1 ECON 365 Trade blocs and WTO 3 3
20
4
1. Attendance: Any student with less than 75% will be denied the Semester end examination.
2. Internal Assessment: It is a continuous assessment of the student through the following
Criteria:
a. Internal Examination & Class Tests 10
b. Assignments 10
Total 20
3. Semester Examination:
a. The Semester examinations shall be of 3 Hours duration.
b. Question Paper Pattern (80 Marks):‐
I. 30 Marks of - T/F, MCQ, Matching, one sentence answer (Very short answers)
II. 5 Questions to be answered - 4 marks each (Short answers).
III. 2 Questions to be answered - 15 marks each (Essay answers)
1. PASSING STANDARD
The learners to pass a course shall have to obtain a minimum of 40% marks in aggregate for each
course where the course consists of Internal Assessment & Semester End Examination. The
learners shall obtain minimum of 40% marks (i.e. 08 out of 20) in the Internal Assessment and
40% marks in Semester End Examination (i.e. 32 Out of 80) separately, to pass the course and
minimum of Grade E/praxis in each project, wherever applicable, to pass a particular semester. A
learner will be said to have passed the course if the learner passes the Internal Assessment &
Semester End Examination together.
2. PERFROMANCE GRADING:
The PERFORMANCE GRADING of the learners shall be on the SEVEN point ranking system as under:
Grade Marks Grade Points
O 70 & above 7
A 60 to 69.99 6
B 55 to 59.99 5
C 50 to 54.99 4
D 45 to 49.99 3
E 40 to 44.99 2
F (Fail) 39.99 below 0
The performance grading shall be based on the aggregate performance of Internal Assessment and
Semester End Examination but shall be declared “Failed” if the student has failed either Internal or
Semester Exam or both.
3. Expectation from the student:
a. Regular attendance and willing to learn and be innovative.
b. Turn in the assigned assignments on time.
c. Active and constructive participation in learning and sharing knowledge
d. Maintaining the decorum of the classroom environment (behavior, dress, words
etc.)
e. Be respectful to all.
4. Duties of the Professor:
a. Be prepared, impartial, punctual and responsible in all responsibilities assigned.
b. Be helpful, understanding, resourceful and receptive
c. Impart Knowledge and Develop noble character
d. Be an example.
e. Guide the students to be educated.
5
ECON – 111 (PRINCIPLES OF MICROECONOMICS)
Objectives: To learn and understand the basic economic problems, consumer behavior and producer
behavior in order to effectively and efficiently utilize the limited resources to meet the unlimited wants.
1. UNIT – I: INTRODUCTION:
a. Basic economic problems and concepts
b. Nature and scope of Micro economics
2. UNIT – 2: CONSUMER BEHAVIOUR:
a. Law of Diminishing Marginal Utility
b. Demand:
i. Factors determining demand
ii. Law of Demand
iii. Elasticity of demand
c. Indifference curve Analysis
d. Consumer surplus
3. UNIT – 3: PRODUCER BEHAVIOUR
a. Law of Supply
b. Costs:
i. Types of costs
ii. Short run costs curve
iii. Long run costs curves
4. UNIT – 4: PRODUCTION AND PRODUCT MARKET
a. Factors of production
b. Production function
c. Law of variable proportion
d. Law of returns
e. Equilibrium of a firm
5. UNIT – 5: MARKETS
a. Features, Price and output determination under perfectly competitive market
b. Features, Price and output determination under Monopoly market
c. Price discrimination
d. Features, Price and output determination under Monopolistic market
e. Features, Kinky demand curve in Oligopoly market
6. UNIT – 6: FACTOR MARKET:
a. Marginal productivity Theory
b. Rent: Ricardian Theory
c. Wages:
i. Minimum wage
ii. Wage and Labor supply
iii. Collective bargaining
d. Interest: Liquidity Preference theory
e. Profit: Risk-uncertainty theory
Textbook: M.L. Jhingan. Micro Economic Theory. Vrinda Publications Pvt. Ltd. 2011
Reference: H.L Ahuja, Micro Economics, S. Chand & Co. Ltd, 2010
Samuelson P.A. and W.D. Nordhaus. Economics. Tata Mcgraw Hill.
New-Delhi. 2009
Lipsey P.G and K.A Chrysla, Principle of Economics. Oxford University Press,
New-Delhi. 1999
6
ECON –112: INDIAN ECONOMY – PROBLEMS AND
PROSPECTS (PART – I)
Objectives: To learn and understand the problems and prospects of Indian economy, examining the
history and the various important sectors and issues unique and related to the Indian economy
UNIT – I: Colonialism and the Indian economy
UNIT – II: Nature of the Indian economy
UNIT – III: Agricultural sector:
a. Role and importance of agriculture
b. Farm Size and productivity
c. Green Revolution
d. Land reforms
e. Problems and challenges in Indian Agriculture
f. Rural credit
g. Agricultural labor
h. Irrigation and Agricultural Inputs
UNIT – IV: Poverty and Unemployment
a. Poverty:
i. Concepts and measurement issues
ii. Causes and Remedies
b. Unemployment:
i. Nature and types of unemployment
ii. Causes and measures
UNIT – V: Population
a. Demographic transition theory
b. Causes of high population
c. Remedies and measures to control population growth rate
UNIT – VI: Issues of Urbanisation, Industrialization and Pollution
Textbook:
Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house, New-
Delhi.
Reference:
Ahluwalia I.J and I.M.D. Little, Indian economic reforms and Development: Essays in
honor of Manmahon Singh, Oxfort University Press. New – Delhi. 2012
B.R. Tomlinson. The Economy of India from 1860 to the twenty first century.
Cambridge University press. 2013
Jalan Bimal, The Indian economy, Vikings, New-Delhi. 1992
Jalan Bimal, The Indian economy, Penquin, New-Delhi. 2004
Tandon B.B and Tandon K.K. Indian economy. TaTa Mcgraw hill, New-Delhi, 1997
7
ECON – 113 MORAL VALUE PRINCIPLES OF ECONOMIC
Objectives: To learn and understand the values of life from the eye of an economist through the
application of various economic principles, concepts and applications
1. UNIT – I: Origin of resources
a. Theories of origin
b. Resources
i. Natural
ii. Human
2. UNIT – 2: Labour and Labour dignity
a. Nature of labor and labourer
b. Exploitation
c. Dignity of Labor
3. UNIT – 3: Money
a. Accumulation and distribution of wealth
b. Saving and investment
c. Philanthropist
4. UNIT – 4: Role of employers and employees
a. Role and responsibilities of employers
b. Role and responsibilities of employees
5. UNIT – 5: Environmental responsibilities
a. Importance of ecological balance
b. Pollution
6. UNIT – 6: Government and Society
a. Responsibilities towards the government
b. Responsibilities towards the society
Reference:
1. The Holy Scriptures: (The Bible, The Quran, The Vedas, Agam Sutras, Tripitaka, Sri-
Gur Granth Sahib)
2. Chhina S.S. Child labor. Regal Pub. 2009
3. D.C. Nannunda. Child labor and Human rights. Kalpaz Pub. 2008
4. Dubey Anand K. Social justice and bonded labor in India. Printwell Pub. Jaipur
5. Kamble N.D. Bonded labor in India. Uppal Publishing house. New Delhi. 1982
8
ECON – 114: ECONOMICS OF HEALTH AND EDUCATION
Objectives: To educate a student on the costs and benefits of health and education in the economic
aspect of life. It will examine the health and education sectors of the Indian economy in detail.
UNIT – I: Human Development Index
UNIT – II: Role of Health and Education in HDI
A. Demand for health and education
B. Importance and significance of health and education
C. Health insurance market
UNIT – III: Health Economics & Sector:
A. Health industry
B. Heath insurance market
C. Health policies
D. Burden of disease: AIDS, TB, Drug abuse and Alcoholism, Malaria, Malnutrition
UNIT – IV: Education economics & Sector:
A. History of education system in India
B. Education industry
C. Education policies
D. Burden and return of education
E. Trend of Literacy and education industry growth
UNIT – V: PROJECT
Textbook:
Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house, New-
Delhi.
References:
Ronald G., Ehrenberg and Robert S., Smith, Modern Labor Economics: Theory and
Public Policy, Addison Wesley, 2005
William, Jack, Principles of Health Economics for Developing Countries, World Bank
Institute Development Studies, 1999.
World Development Report, Investing in Health, The World Bank, 1993.
9
ECON – 121- PRINCIPLES OF MACRO – ECONOMICS
Objectives: To learn and understand the principles and concepts in the Macro economy. It helps the
student to comprehend the larger picture of the economy to which each individual is a part. It studies
the economy as a whole rather than an individual and its impact on the individual.
1. UNIT – 1: Nature, Scope and Subject matter of Macro-Economics
2. UNIT – 2: National Income:
a. Meaning
b. Circular flow
c. Concepts and Measurements
d. Problems in Measurement of National Income
3. UNIT – 3: Keynesian Theory of Employment
a. Effective demand
i. The Consumption Function
ii. The Investment Function
b. Savings:
i. Factors determining Saving
ii. Paradox of Thrift
c. Principles of Multiplier effect
d. Principle of Acceleration
4. UNIT – 4: Business/Trade Cycle
a. Phases of trade cycle
b. Causes of trade cycle
c. Measures and Anti-cyclical policies
5. UNIT – 5: Money:
a. Functions
b. Value of Money
6. UNIT – 6: Inflation and Deflation
a. Causes
b. Measures
7. UNIT – 7: Banking:
a. Central Bank
b. Commercial Bank
c. Credit creation
d. Common/International currency
Textbook:
Mithani D.M. Macro – Economics, Himalaya Publishing House, Mumbai. 2015
References:
Dornbusch Rudiger. Macro Economics, Tata McGraw-Hill. 2013
Mahajan Mukund. Business economics (Macro), Nirali Prakashan. 2011
M.L Jhingan. Macro Economics, Vrinda Pub. Pvt.Ltd. 2014.
Shapiro Edward. Macroeconomics Analysis, Galgotia, 2007
10
ECON 122: INDIAN ECONOMIC: PROBLEMS AND
PROSPECTS - II
Objectives: To learn and understand the problems and prospects of Indian economy, examining the
history and the various important sectors and issues unique and related to the Indian economy
UNIT – I: National Income of India
National Income Estimates in India
Trends in National Income – Growth and Structure
Limitations of National Income Estimation in India
UNIT – II: Natural Resources, Economics Development and Environmental Degradation
Natural resources in the process of economic development
Land Resources, Forest Resources, Water Resources
Mineral Resources and Mineral Policy
Economic Development and Environment Degradation
UNIT – III: Infrastructure in the Indian Economy
Infrastructure and Economic Development
Energy
Power
Transport System in India’s Economic Development:
Growth of Indian Railway, Road Transport System in India
Water Transport in India, Civil Aviation in India
Urban Infrastructure
Science and Technology, and Information Technology
Private Investment in Infrastructure: Outlook and prospects.
UNIT – V: Food Security in India
Concept of food security
Food self-sufficiency and food security in India
Public distribution system and its impact on poverty
UNIT – VI: Industrial Pattern and the Plans
The Role and importance of Industrialisation
Large-scale Industries
Small-scale Industries
Industrial policy of 1991
Textbook:
Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house, New-
Delhi.
Reference:
Ahluwalia I.J and I.M.D. Little, Indian economic reforms and Development: Essays in
honor of Manmahon Singh, Oxfort University Press. New – Delhi. 2012
B.R. Tomlinson. The Economy of India from 1860 to the twenty first century.
Cambridge University press. 2013
Jalan Bimal, The Indian economy, Vikings, New-Delhi. 1992
Jalan Bimal, The Indian economy, Penquin, New-Delhi. 2004
Rangarajan. Indian Economy: Essays on money & Finance, South Asia books, 1998
Tandon B.B and Tandon K.K. Indian economy. TaTa Mcgraw hill, New-Delhi, 1997
11
ECON – 123: MAHARASHTRA ECONOMY
Objectives: To learn and understand the role and significance of Maharashtra economy in the Indian
economy and also the problems and challenges in Maharashtra in particular.
Unit – I: Economic History of Maharashtra
Unit – II: Agriculture
Land ownership size and reforms
Irrigation
Challenges and prospects of Agriculture in the state
Special emphasis on:
Sugarcane, cotton, Horticulture
Unit – III: Industry
Sugar Industry
Textile Industry
Industrial policies of the state
Prospects and challenges
Unit – IV: Service & Trade
Maharashtra in domestic trade
Global trade
Infrastructural facilities in the state
Unit – V: Population
Trends of Population growth
Migration
Textbook:
R. Sthanu Moorthy. Maharashtra Economy; performance, opportunities and challenges.
2007
Reference books:
Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing
house, New-Delhi. 2014
Maharashtra Development Report. Planning commission of India, Academic
foundations.
Tandon B. B and Tandon K. K. Indian economy. TaTa Mcgraw hill, New
Delhi, 1997
12
ECON – 124: PUBLIC ECONOMIES & EXTERNALITIES
Objectives: To understand the role and significance of the public sector in a developing economy and
also the examine the importance of public externalities in the economic life of the individuals.
Unit – I: Introduction
Unit – II: Public enterprises and Public Utilities
a. Role of public enterprises in India
b. Problems of Public enterprises in the 21st century
Unit – III: Role of the Government in a Developing economy: India
Pre-Independence
Post Independence
Post Economic reforms
Federal state:
Role of the Central Government
Role of the State Government
Role of the Local self government
Unit – IV: Welfare economy
Reference books:
o B.P. Tyagi. Public Finance, Jay Prakash Nath & Co. 2015
o Prakash Chander, C. Knox Lovell, Henry Tulkens. Public goods, Environmental
externalities and fiscal competition: selected paper on competition, efficiency
and co-operation in public economics, Henry Tulken Pub. 2006.
o Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house,
New-Delhi. 2014
o R.K. Lekhi & Joginder Singh. Public Finance. Kalyani Publishers.
Ludhiana,2015
o Tandon B. B and Tandon K. K. Indian economy. TaTa Mcgraw hill, New Delhi,
1997
13
ECON – 231 COMPARATIVE ECONOMIC SYSTEMS Objectives: To learn and understand the different economic systems adopted by different economies in
the world. It will also examine the historical background of the system. To examine their relevance in
the context of the 21st century.
I. UNIT – I: Introduction
a. Definition
b. Modes of Production
c. Role of the state Government
d. Institution of Money and Property
e. Barter System and Monetary Economic system
II. UNIT – II: The Physiocracy and Mercantilist Economic systems
a. Introduction
b. Europe and its expansionism
c. Industrial Revolution
III. UNIT – III: Capitalism
a. Introduction
b. Characteristics
c. USA, UK, JAPAN
IV. UNIT – IV: Socialism
a. Introduction
b. Characteristics
c. Karl Marx
d. USSR, CHINA
V. UNIT – V: Mixed Economy
a. Introduction
b. Characteristics
c. INDIA
VI. UNIT – VI: India and China: A Comparative study
Textbook:
S.S.M. Desai & Nirmal D. Bhalerao. Economic systems. Himalaya Publishing House.
Mumbai, 2008
Reference:
Gottlieb Manuel. Comparative Economic Systems, Iowastate University Press,
Ames, IOWA, 1988.
H. Stephen Gardner, Comparative Economic systems (2nd
Ed), South Western
College Pub. 1997
J. Barkley Rosser Jr. & Marina V. Rosser. Comparative economics in a
transforming world economy. The MIT press. 2003.
Paul R. Gregory & Robert C. Stuart. Comparing economic system in the twenty
first century. South-western college pub. 2003
14
ECON – 232 PUBLIC FINANCE Objectives: To learn and understand the financial policies of the government at various levels and its
effects and impacts on the economy especially to a developing economy.
UNIT – I: Nature and scope of Public Finance 1. Definition of Public Finance
2. Comparative study of Public and Private Finance
3. Maximum Social Advantage theory
UNIT – II: Public Revenue
1. Definition
2. Sources of Public Revenue
3. Tax:
a. Definition and concepts
b. Canons of Tax
c. Types of Tax
d. Effects of Tax
e. Importance of tax
UNIT – III: Public Expenditure
1. Definition
2. Heads of Expenditure
3. Canons of Public Expenditure
4. Effects and importance of Public expenditure
UNIT – IV: Public Debt
1. Definition
2. Sources and forms of public debt
3. Importance of Public debt for a developing economy
4. Methods of redemption
UNIT – VI: Deficit financing & Federal Finance
Textbook:
Jhingan M.L. Money, banking, International trade and Public Finance. Vrinda
Publication, 2014.
Reference:
B.P. Tyagi. Public Finance, Jay Prakash Nath & Co, 2015.
Mithani D.M. Money, banking, International trade and Public Finance,
Himalaya Publishing house, Mumbai, 2010
S.K. Singh. Public Finance, S. Chand & Company Pvt. Ltd. Delhi, 2014
Vaish C. Public Finance, RBSA Publishers, 1985.
15
ECON – 233: CO-OPERATIVE SOCIETIES
Objectives: To learn and understand the history, role and importance of Co-operative societies in a
developing economy. It will also examine the problems and prospects
of the various co-operative societies in Indian economy.
Unit – I: Introduction
Definition, nature, History, scope
Role and importance
Problems and prospects
Unit – II: Co-operative societies
Types of Co-operative society
Prospects and challenges
Role and relevance to the Indian economy in the 21st century
Unit – III: Co-operative credit societies
Characteristics and classifications
Importance and impact of credit societies
Comparative study with other financial institutions
Problems and prospects
Unit – IV: Co-perative marketing societies
The need for co-operative marketing
The importance of co-operative marketing
Challenges and prospects
Textbook:
T.N. Hajela. Co-operation; Principles, problems and practices. Ane books pvt. Ltd.
2016
References:
o G.R. Madan. Co-operative movement in India. Mittal Publications, 2007
o S.K. Dutta. Co-operative societies and rural development, Mittal Publication.
New-Delhi, 1991
o Tripathy S.N. Co-operatives: its growth and new dimensions. Discovery pub.
Group. 2000
16
ECON – 234: ECONOMICS OF PLANNING
Objectives: To examine and understanding this important content of the economic system adopted by
independent India. To understand the importance, success and challenges and its relevance in the
dynamic 21st century.
Unit – I: introduction
Unit – II: Types of economic planning
Unit –III: Economic planning in India
Federal finance
Mixed economy
Role and significance of planning commission
Unit – IV: poverty and unemployment
a. Poverty:
a. Causes of poverty
b. Remedial measures to eradicate poverty
b. Unemployment:
a. Types of unemployment
b. Causes of unemployment
c. Remedial measure to reduce unemployment
c. Vicious cycle of poverty and unemployment
Unit – V: Five year plans of India
a. Strategies and models
b. 10th
, 11th
and 12th
Five year plans
c. Achievements and failures
Unit – VI: Role of Economic planning in the 21st Century
Textbook:
R.C. Agarwal. Economics of Development and Planning. Laxmi Narain Agarwal,
Agra. 2002
Reference books:
o Ahluwalia I.J and I.M.D. Little, Indian economic reforms and Development:
Essays in honor of Manmahon Singh, Oxfort University Press. New – Delhi.
2012
o M.L. Jhingan. The Economic of Development and Planning, Vrinda Publications
(P) Ltd. Delhi. 2014
o Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house,
New-Delhi. 2014
o Tandon B.B and Tandon K.K. Indian economy. TaTa Mcgraw hill, New-Delh,
1997
17
ECON – 235: DEMOGRAPHIC STUDIES
Objectives: To learn and understand the role and challenges of population in the Indian economy. It
will examine the causes of population explosion, and study the population policies adopted and
impleted and its success and failures.
Unit – I: Introduction
Unit – II: Malthusian theory
Demographic transition
Malthusian theory and criticism
Unit – III: Population explosion in India
Population growth trends
Causes of population explosion in India
Remedial measures to control Population
Unit – IV: Population and Economic development
Composition of population and development
Small population and development
Large population and development
Unit – V: Government policies to control population
Objectives of National Population policy
Family planning policy
Population policies since 2000
The role of the Ministry of Health and family welfare
Reference:
o Alison Bashford. Global population: History, Geopolitics, and life on earth.
Columbia University press. 2016.
o Heinrich Hartmann & Corinna R. Unger. A world of populaltions: transnational
perspectives on demography in the twentieth century. 2016
o Malthus Thomas Robert. An essay on the principle of population. Amazon.in
2012
o Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house,
New-Delhi. 2014
o Tandon B. B and Tandon K. K. Indian economy. TaTa Mcgraw hill, New Delhi
1997
18
ECON – 241: MONEY AND BANKING
Objectives: To teach and learn the monetary market in a monetary economy. It will examine the
history of money and understand the functions of money. It will also examine the role and functions
of various domestic and international monetary bodies
Unit – I: Introduction
a. Evolution
b. Nature and Functions
Unit – II: Nature and functions of:
a. Central Bank
b. Commercial Banks
c. Indigenous or Non-organised money market
Unit – III: Unit – V: International Financial institutions:
a. International Monetary Fund
b. World Bank
c. BRICS Bank
Unit – IV: Indian Capital and Money market
History of Indian Rupee
Monetary policies
Value of Rupee and Demonetization
Unit – V: Banking and Technology
Internet banking
Digital banking
Cashless society
Textbook:
M.L. Jhingan. Monetary Economics, Vrinda Publications (P) Ltd. Delhi. 2014
Reference books:
D.M. Mithani. Money, Banking, International trade & Public Finance,
Himalaya Publishing House, Mumbai, 1988
M.C. Vaish & Sudama Singh. International economics, Oxford & IBH
publishing co. Pvt. Ltd. New – Delhi, 2012
Rangarajan. Indian Economy: Essays on money & Finance, South Asia books,
1998
S. Natarajan & R. Parameshwaran. Indian Banking, S. Chand & Company Pvt.
Ltd. New-Delhi, 2015.
Thomas D. Simpson. Financial markets, banking and monetary policy. Wiley
Pub. 2014
19
ECON – 242: AGRICULTURE ECONOMICS Objectives: To study the role and significance of the primary sector in an economy especially in a
developing economy. It will also examine the prospects and challenges and policies of the agricultural
sector in India.
UNIT – I: Agriculture Economics: Nature & Scope
Unit – II: Agriculture & Economic Development
Unit – III: Problems of Indian Agriculture
a. Farm size and land holding
b. Land utilization & Production
c. Soil erosion & Irrigation
d. Agricultural marketing
e. Rural indebtedness
f. Labor & Unemployment
Unt – IV: Revolution & New Agricultural strategy
Land reforms
Size of land holdings and productivity
Green revolutions
White revolutions
Unit – V: Programs for Agricultural Development
Intensive Agricultural Area Program (LAAP)
Intensive Agricultural district program (IADP)
MNREGS
Textbooks
B.P. Tyagi. Agriculture Economics and Rural Development, Jai Prakash Nath & Co,
Meerut, 2013
R.K Lekhi & Joginder Singh. Agriculture economics: An Indian Perspective, Kalyani
Publishers, Ludhiana, 2013
Reference Books:
Ahluwalia I.J and I.M.D. Little, Indian economic reforms and Development:
Essays in honor of Manmahon Singh, Oxfort University Press. New – Delhi.
2012
B.R. Tomlinson. The Economy of India from 1860 to the twenty first century.
Cambridge University press. 2013
Jalan Bimal, The Indian economy, Vikings, New-Delhi. 1992
Jalan Bimal, The Indian economy, Penquin, New-Delhi. 2004
Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house,
New-Delhi. 2012
Tandon B.B and Tandon K.K. Indian economy. TaTa Mcgraw hill, New-Delhi,
1997
20
ECON 243: RESEARCH METHODS IN ECONOMICS
Objectives: To educate the students on the important basics of doing a research in social science with
special reference to Economics.
Unit – I: Introduction
Unit – II: Types & Methods of Research
Unit – III: Research design
Unit – IV: Data collection & Analysis
Unit – V: Report Writing
Textbook:
Manas Dasgupta. Research Methodology in Economics. Deep & Deep pub. 2007.
O.R. Khrishnaswami & M. Ranganathan. Methodology of research in social science,
Himalaya publishing house, Mumbai, 2010
Reference:
o Bill Taylor, Gautam Sinha, Taposh Ghoshal. Research Methodology: Guide for
researchers in management and social sciences.2006
o Deepak chawla & Neena Sondhi. Research Methodology, Vikash Publishing
house, Noida, 2011
o Kothari C.R. Research Methodology: Methods and techniques. Newage Pvt
Ltd. 2011
o Khrishnaswamy O.R. Methodology of research in social science. Himalaya pub.
House. New Delhi. 2013
o Ranjit Kumar. Research methodology, Pearson, Noida, 2011
o R. Panneerselvam. Research Methodology. Prentice-Hall India learning Pvt.
Ltd. 2013.
21
ECON 244: RURAL DEVELOPMENT
Objectives: To understand the rural economy in India. To examine the role and problems of the rural
economy and the various programs launched by the government to transform and develop the rural
economy.
Unit – I: Introduction
Unit – II: Rural Economy
Nature of rural economy
Indian economy: a rural economy
Unit – III: Rural development programs in India
MNREGS
Jowahar Rozgr Yojana
Food for Work
Training rural youth for self employment (TRYSEM)
Integrated rural development program (IRDP)
20 Point program
Unit – IV: marginalised communities
Tribals and Adivasis
Unskilled labor
Migrant labourers: Rural to Urban to Rural
Unit – V: Approaches to Rural Development
a. Self Help Groups
b. Non-Government Organisations
c. Co-Operative societies
d. Cottage industries
Textbook:
B.P. Tyagi. Agriculture economics & Rural Development, Jai Prakash Nath & Co.
Meerut. 2013
Reference Books:
o Barbara Harriss-white. Middle India and urban-rural development, Springer,
2015.
o Barbara Harriss-white and S. Janakarja. Rural India facing the twenty first
century. Anthem press. 2004
o George Kristoffel L. Power, Politics, and rural development: essays on India.
Manohar Publishers and distributers. 2003.
o Katar Singh & Anil Shishodia. Rural Development: Principles, policies and
Management, SAGE pub. Ind Pvt. Ltd. 2016.
o Sagar Mondal & G.L Ray. Textbook on Rural Development, Enterpreneurship
and communication skills, Kalyani Publishers, Ludhiana, 2012.
o S.K. Dutta. Co-operative societies and rural development, Mittal Publication.
New-Delhi, 1991
22
ECON – 245: DEVELOPING ECONOMY
& EMERGING MARKETS Objectives: To examine the history, nature, causes, prospects and challenges of the emerging and
growing economies of the world.
Unit – I: Introduction
a. Features of Developed and Developing economy
b. Comparative study of developed and developing economy
Unit – II: Major Developing economies:
a. India
b. China
c. Brazil
d. South Africa
e. Rusia
Areas of Concentration:
a. History
b. Characteristics
c. Causes
d. Prospects and Challenges
Unit – III: Role of BRICS in the 21st Century
Reference books:
o Andree F. Cooper. The BRICS: a very short introduction. Oxford, 2016
o Ben L. Kedia, Kelly Aceto. Emerging Markets and the future of BRICS nations.
o Julian Mary & Cherry Reynard. Investing in emergin markets: the BRIC
economies and beyond. Wiley pub. 2010.
o Oliver Stuenkel. The BRICS and the future of global order. 2015
o Win Nande, Adam Szirmai & Nobuya H. Structural change and Industrial
Development of the BRICS. Oxford.
23
ECON – 351: HISTORY OF ECONOMIC THOUGHTS
Objectives: To learn and understand the various perspectives of economic school of thoughts in
history that shapes the course of economic study and also to examine the various the economic
thought of prominent Indians. It will also examine some thought of Nobel Laureates of the 21st
century.
Unit – I: Introduction
Unit – II: Economic thought of:
a. Adam Smith
b. David Ricardo
c. Alfred Marshall
d. J.B Says
e. J.A. Schumpeter
f. John Maynard Keynes
g. Marx
Unit – III: Mercantelism and Pshysiocracy
Unit – IV: Selected Thesis of Nobel Prize Economists in the 21st Century
i. Finn E Kyndiland & Edward C. Prescott (2004)
ii. Paul Krugman (2008)
iii. Elinor Ostrom & Oliver E. Williamson (2009
iv. Jean Tirole (2014)
v. Augus Deaton (2015)
Unit – V: Indian Economic thoughts:
a. Mahatma Gandhi
b. Mahalanobis
c. Sen Gupta
Textbook:
H. L. Bhatia. History of Economic Thought, Vikas Publishing house Pvt. Ltd. Noida,
2014
Reference books:
o Allen Robert C. Global economic history: A very short introduction, Oxford
India, 2011
o Desai & Bhalero. History of economic thought, Nirali Prakashan, Pune. 1999
o M.L. Jhingan, M. Girija & L. Sasikala. History of Economic thought, Vrinda
Publications (P) Ltd. Delhi. 2014
o Paul R.R. History of economic thought. Kalyani Pub. 2014
24
ECON – 352: ECONOMICS OF GROWTH & DEVELOPMENT
Objectives: To learn and understand the difference between growth and development by examining
the various theories.
Unit – I: Introduction
Unit – II: Theories of Development:
a. Adam Smith
b. Marxian
c. J.A. Schumpeter
d. John Maynard Keynes
e. Big Push theory
f. Dependency
Unit – III: Theories of growth:
a. Harrod – Domar Models
b. Joan Robinson
c. Mahalanobis Model
Unit – IV: Measurement of Economic Development:
GNP per capita
Population
Occupation
Urbanisation
Consumption per capita
Infrastructure
Social conditions (HDI):
Literacy
Life expectancy
Health care
Calorie intake
Infant mortality
Unit – V: problems and prospects of Indian economy
Textbook:
M.L. Jhingan. The Economic of Development and Planning, Vrinda Publications (P)
Ltd. Delhi. 2014
Reference books:
H. L. Bhatia. History of Economic Thought, Vikas Publishing house Pvt. Ltd.
Noida, 2014
M.L. Jhingan, M. Girija & L. Sasikala. History of Economic thought, Vrinda
Publications (P) Ltd. Delhi. 2014
R.C. Agarwal. Economics of Development and Planning. Laxmi Narain
Agarwal, Agra. 2002
25
ECON – 353: STATISTICAL METHODS IN ECONOMICS
Objectives: To educate the students on the importance of statistics and its uses in understanding the
health and performance of the economy.
Unit – I. Introduction
Unit – II: Population and Sample
Unit – III: Data Condensation
Unit – IV: Statistical Analysis
Unit – V: Probability
Unit – VI: Hypothesis testing
Unit – VII: Time Series Analysis
Textbook
P.G. Dixit. Elements in statistics, Ninali prakashan, Pune, 2011
Reference:
o Agresti Alan & Barbara Finlay. Statistical methods for the social sciences.
Prentice Hall. 2008
o Anderson. Statistics for business and economics. CENGAGE learning, 2014.
o Paul D. Allison. Multiple regression, Pine forge press. 1998
o R. Lyman ott & Michael longnecker. An introduction to statistical methods and
Data Analysis, Duxbury resource center. 2008
26
ECON – 354: ECONOMIC POLICIES OF INDIA SINCE 1991
Objectives: To examine and study the dynamics of Indian economy especially after the New economic
policies of 1991. It will examine the various policies formulated and implemented in the Indian
economy after 1991 and its impact on the economy.
Unit – I: Pre 1991 Economic policies
Unit – II: New Economic policies of 1991
Unit – III: Post 1991 Policies:
a. Foreign Direct Investment
b. Retail Market
c. Financial and Banking policy
d. Taxation policies
e. Labour policies
f. Aviation industry
g. Information and Technology policy
Unit – IV: Role of the new Economic policies in the Indian Economy
Textbook
S.M. Jawed Akhtar & Sana Naseen. Fiscal policy reforms in India: since 1991, New
century pub. 2013
Reference:
Ahluwalia I.J and I.M.D. Little, Indian economic reforms and Development:
Essays in honor of Manmahon Singh, Oxfort University Press. New – Delhi.
2012
Deepak Nayyar. Liberalization and Development. Oxford India, 2008.
Kapila Uma. 1991 – 2011: Two decades of Economic reforms. Academic
foundations, 2012.
Puri V.K and Misra S.K, (2014 Ed) Indian economy, Himalaya Publishing house,
New-Delhi.
Tandon B.B and Tandon K.K. Indian economy. TaTa Mcgraw hill, New-Delhi,
1997
Thapai Anand. Social sector & Economic development in India since 1991:
Social sector – economic development, Lap Lambert academic pub. 2012
V. Bijukumar. Reinventing the congress: Economic policies and strategies
since 1991, Rawat pub. 2006
27
ECON – 355: LABOR ECONOMICS
Objectives: To study the nature of labor and its relation to various factors determining demand and
supply of labor. It will specifically relate to the labor market in India.
Unit – I: Introduction
a. Definition
b. Nature and significance
c. Supply of and demand for labor
Unit – II: Theories of labor and wages
a. Lewis theory of unlimited supply of labor
b. Adam Smith theory of Division of labor
c. Marginal productivity theory
d. Wage fund theory
Unit – III: Labor market in India
a. Productivity
b. Migration
c. Labor unions
d. Labor problems
Unit – IV: Human Resource development
Employee relations
Industrial relations: Trade Unions
Industrial disputes
Text book:
Lal M.K. Modern Labor Economics. ABD publishers
Reference:
o Blalkhrinan A. Impact of globalisation and retaining strategies for labor and
employment. Kalpaz Pub. 2007
o George Borjas. Labor economics, MC Graw Hill Education. 2015.
o Mariappan R.K. Employment policy and labor welfare in India.
28
ECON – 361: INTERNATIONAL ECONOMICS
Objectives: To learn and understand the global economy from the perspectives of International trade
relations. It will also examine the problems and prospects of International trade. It will have a
special reference to the trade of India.
Unit – I: Introduction
Unit – II: Theories of International trade:
a. Comparative cost advantage theory
b. Heckscher – Ohlin theorem
c. Factor endownment
d. Gravity model
Unit – III: Gains from International trade
Globalisation
Reasons for International trade
Historical perspectives of International trade with special reference to India
Benefits of International trade
Unit – IV: Balance of Payment
Unit – V: Free trade and Protection
Trade in capitalist, socialist and mixed economy
Nature of free trade
Nature of protection
Comparative study
Unit – VI: India’s foreign trade:
Volume, Composition and direction
Problems and Challenges
Textbook:
D.M. Mithani. International Economics. Himalaya Publishing House, Mumbai. 2013
Reference Books:
o Deepak Nayyar. Trade and Globalization, Oxford India, 2012
o Jyoti Chandiramani & Vasudha Garde. International trade, Narendra Prakashan,
Pune, 2011
o Krugman Pual R., Maurice obstfed & Marc Melitz. International economic:
theory and policy, Pearson, 2014.
o M.C. Vaish & Sudama Singh. International trade, Oxford & IBH publishing Co.
Pvt. Ltd. New Delhi, 2013
o M.L. Jhingan. Public Finance & International trade, Vrinda publications (P)
Ltd. Delhi, 2009
o Parthapratim Pal. International trade and India, Oxford India, 2014
o Thomas A. Pugel. International economics. Mc Graw-Hill Education, 2015.
29
ECON – 362: ENVIRONMENTAL ECONOMICS
Objectives: To study the role of environment in the development of an economy and also the impact of
the changing environment. It will also examine the policies related to the environment and its impact.
Unit – I: Introduction
Unit – II: Environment and Economic development:
Natural resources:
Renewable and Non-renewable resources
Sustainable development
Impact of environment on economic development
Unit – III: Environment valuation
Unit – IV: Economic significance of Environment:
a. Land and environment
b. Water and environment
c. Forest and environment
Unit – V: Climate change and policy
a. Impact of climate change on biodiversity or ecological balance and economic
development
b. Important environmental movements in India and its economic impact
c. Paris declaration
d. Global warming and its economic impact
Textbook:
Katar Singh & Anil Shishodia. Environmental economics, SAGE Publications India Pvt.
Ltd. New-Delhi, 2015
Reference Books:
o Barry field & Martha K. Field. Environmental economics: An introduction.
McGraw Hill education, 2012
o Jonathan M. Harris & Brian Roach. Environmental & Natural resource
economics: A contemporary approach. Routledge, 2014.
o Karpagam M. Environmental Economics, Sterling publishers (P) Ltd, New Delhi,
1999
o Muthukhrishnan Subhashini. Economics of environment. Prentice-Hall of India
Pvt. Ltd. 2015.
o Stephen smith. Environmental economics: A very shot introduction. Oxford
University press. 2011
30
ECON – 363: PROJECT
The department or Teacher concern in consultation with the HoD will select
10 or more contemporary economic issues of importance
The student shall chose 02 topics
The student shall do a study or a research on the topics chosen under the
guidance of the teacher assigned and do a presentation on each topic at the
end of the semester before the theory examination.
The project write-up:
i. The topic
ii. The research design
iii. The findings
iv. The conclusions
v. The references/bibliography
vi. Indixes
31
ECON – 364: INDUSTRIAL ECONOMICS
Objectives: To study the nature of Industries, history of Industrialization and some of the important
factors determining the location of industries and growth. It will also examine some policy making in
an industry.
Unit – I: Introduction
Unit – II: History of Industrial Revolution
History: A revolution in Britain
Major areas of revolutions
Economic impacts of the industrial revolutions
Unit – III: Business firm:
Definition, nature
Forms of Organisations:
Sole proprietorship
Partnership
Private Ltd Companies
Public Ltd Companies
Public sector units.
Objectives:
Economic objectives
Non-economic objectives
Unit – IV: Strategic policies:
1. Marketing strategies
2. Pricing policies
3. Employment policies
Unit – V: Industrial location and growth
Determinants of industrial location
Determinants of industrial growth
Economies and diseconomies of:
Small scale production
Large scale production
Textbook:
R.R. Barthwal. Industrial Economics: An introductory Textbook. New Age
International Publishers, New Delhi, 2010
Reference:
o Allen Robert C. The British Industrial revolution in global perspectives.
Cambridge university press. 2009
o Markyl Joel. The economics of Industrial revolution. Rowman and Littlefield
pub. 1985
o Marsh Peter. The new Industrial Revolution – consumers, globalization and the
end of mass production. Yale University press. 2013.
o Martin Stephen. Advanced industrial economics. Wiley-blackwell. 2001
o Shepherd William G. And Joanna Mehlhop Shepherd. The economics of
Industrial organisation. Waveland press. 2003
32
ECON – 365: WORLD TRADE ORGANISATIONS AND TRADE
BLOCS
Objectives: To learn and understand the functioning of the WTO in a global economy and the role
and significance of the various important Trade blocs in world and its impact to the Indian economy.
Unit – I: world Trade Organisation (WTO)
History
Objectives and functions
Relevance in the 21st globalised economy
Unit – II: Trade Blocs:
a. Types of trade blocs
b. Major trade blocs
a. SAARC
b. ASEAN
c. EU
d. NAFTA
e. BRICS
f. OPEC
c. Implications of Trade blocs to India
Points of Concentration:
**History
**features of the member counters
**Role and Importance of the Bloc
**Prospects and Challenge
Reference books:
o Anshuman Gupta. WTO & South Asia. Shipra publications, 2005
o Bhagwati Jagdish N. & Arvind Panagariya. The economics of preferential trade
agreements, Aei press. 1996
o D.M. Mithani. International Economics. Himalaya Publishing House, Mumbai.
2013
o Jamil Ahmad, Dastgir Alam. WTO, India & Regionalism in World trade. New
century publications. 2012
o Jyoti Chandiramani & Vasudha Garde. International trade, Narendra prakashan,
Pune
o Krishna Pravin. Trade blocs: Economics and politics, Cambridge University
press, 2010