COURSE STRUCTURE OF MASTER OF ARTS (ECONOMICS) … M.A… · COURSE STRUCTURE OF MASTER OF ARTS...

COURSE STRUCTURE OF MASTER OF ARTS (ECONOMICS)

Effective from June 2013

SEMESTER WISE SYLLABUS UNDER CBCS

FOR

MASTER OF ARTS (ECONOMICS)

Semester –I

Course Type Course No. Name of the Course Credits External Internal Total

3 Core Courses PA01CECO01 Micro Economics 04 70 /28 30 100/40

PA01CECO02 Macro Economics 04 70 /28 30 100/40

PA01CECO03 Theories of

International Trade

04 70 /28 30 100/40

Elective Course 1

(Any One)

PA01EECO01 Theory of Agricultural

Economics

04 70 /28 30 100/40

PA01EECO02 Industrial Organisation

and Finance

04 70 /28 30 100/40

PA01EECO03 Theory of

Environmental

Economics

04 70 /28 30 100/40

Elective

Course 2

(Any One)

PA01EECO04 Central Banking 04 70 /28 30 100/40

PA01EECO05 Economics of Rural

Development

04 70 /28 30 100/40

PA01EECO06 Theory and Practice of

Co-operation

04 70 /28 30 100/40

PA01EECO07 Research Methodology

and Computer

Application in

Economics

04 70 /28 30 100/40

Self Study & Soft

Skills Course

PA01SECO04 Theory And Practice of

Co-operation

04 70 /28 30 100/40

Comprehensive

Viva

PA01CECO04 All Courses 01 35 / 14 15 50/20

Total 25

Semester –I Paper Code: PA01CECO01 Total

Credit: 4 Title of Paper: Micro Economics

Unit Description in Detail Weightage

(%)

1. Scope of Economic Theory and Methodology of Economics

Meaning, Nature, Scope and Subject matter of economics; Micro and

Macro Analysis; Static and dynamic Analysis, Methodology of

Economics – Deductive and Inductive Methods

25

2. Equilibrium

Meaning and Kinds of Equilibrium – Stable, Unstable and Neutral

Equilibrium; Marshall and Walras on stable and unstable equilibrium,

Short and long period equilibrium, Single and multiple equilibrium;

Partial and general equilibrium, General equilibrium of exchange and

consumption, Current Issues

10

3. Demand Analysis-1

Concept of Demand, Factors affecting demand, demand theorem; Utility

Approach-Diminishing Marginal Utility and Equi-marginal utility,

Indifference curve approach – characteristics, consumer‟s equilibrium,

Laffer Curve, Hicks and Slutsky Theorems, Inferior and Giffen Goods

25

4. Demand Analysis-2

Revealed preference theory; Price Elasticity of demand –Percentage

method, Total outlay method, Point method and Arc method, consumer‟s

surplus – Marshall and Hicks, Current Issues

20

5. Theory of Production

Law of Variable proportions; Iso –quants- characteristics, Diminishing

marginal rate of technical substitution, Producer‟s equilibrium, Laws of

Returns – The law of diminishing returns, the law of constant return, the

law of increasing returns

20

References

(1) Ahuja H.L., Advanced economic theory-Microeconomic Analysis, S.Chand &co. Delhi.

(2) Deweet K.K., Modern economic theory, S.Chand and Company, New Delhi.

(3) Hirshleifr J. and Glazer A., Price theory and applications, Prentice Hall, New Delhi.

(4) Koutsoyiannis A., Modern Microeconomics, Macmillan press, London.

(5) Lipsey and Chrystal, Economics, Oxford University Press, New Delhi.

(6) Prasad K.N., Lectures on micro-economic theory, Himalaya publishing house.

(7) Sen Anindya., Microeconomics-Theory and applications, Oxford Uni. press, Delhi.

(8) Seth M.L., Principles of Economics (Micro and Macroeconomics) Lakshmi Narain

Agrawas, Agra.

(9) Stigler., Theory of price,Prentice hall, New Delhi.

(10) Stonier A and Hague D., A Textbook of Economic theory, Longman group, London.

(11) Sundharam K.P.M. and Sundharam E.N., Economic Analysis, S. Chand and sons,Delhi.

(12) Samuelson, Economics, Tata Mcgraw Hill, New Delhi

Paper Code: PA01CECO02 Total Credit: 4

Title of Paper: Macro Economics


(%)

1.

Macroeconomics and National Income Accounting

Macroeconomics- Methodology and subject matter- Rationale and

importance of aggregative analysis- Micro foundations of

macroeconomics- Macroeconomic policy.

Definitions and concepts of national income- importance of national

income analysis Measurement of national income- Keynesian approach to

national income and post Keynesian development- Circular flow- Flow of

funds-. Different forms of national accounting- Social accounting-

Growth and sectoral breakdown- Problems in preparation of social

accounting - Use of national income and product accounting.

25

2.

Money: Monetary Theories.

Nature and significance of Money: a veil, a form of wealth, a liquid

asset-Money andother assets- The significance of money as an asset-

Money and monetary economy.

The Quantity theory of Money: The Cambridge School- Keynesian

General theory- PostKeynesian theories: Friedman & Don Patinkin- New

Classical School: Rationalexpectation - J.R. Hicks on Classical and

Keynes- Leijon Hufwood on Keynesianeconomics and economics of

Keynes- Recent developments- Neutrality of money-Classical, Keynesian

and post Keynesian views- Conditions of neutrality- Theory ofmoney and

prices- Income theory of money and Liquidity theory of money- Savings

andInvestment (S & I) equality: meaning, Classical, Keynesian approach

to S&I equality-Transmission mechanism- Integration of money and

value theories- Patinkin's realbalance effect- Pigou's wealth effect.

25

3.

Theory of Investment

Meaning and determinants of investment- Marginal efficiency of capital

(MEC) and investment: Long and short run shifts in investment functions-

Interest-elasticity of investment- impact of inflation- Influence of policy

measures on investment- Multiplier and acceleration: empirical evidence-

Capital-output ratio approach.

20

4.

Demand for Money

The concept- The Transaction demand- The Asset demand for money:

Keynesian and Classical approaches- Wealth approach- Post-Keynesian

theories of demand for money: Friedman's Restatement of Quantity

theory, Modigliani's approach- Recent development in the theory.

15

5.

Supply of Money

The concept and constituents- Bank money and bank multiplier- Money

multiplier Exogenous and endogenous variations- Liquid assets and

potential money supply- Interest rates- Financial intermediaries and

money supply- Money supply and income expansion RBI approach-

Effects of money supply- High powered money- Inside and outside

money- Control of money supply- Money market and money market

assets / instruments- Recent developments.

15

References

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

2. Dornbusch, R. and F. Stanley (1997). Macroeconomics, McGraw-Hill Inc, New York.

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

4. Ghosh, B.N., and Rama Ghosh (1993). Modern Macroeconomics: Theory and

Policy, Himalaya Publishing.

5. Gupta, S.B: (1995). Monetary Planning in India, Oxford University Press, New Delhi.

6. Gupta, G.S. (2001). Macroeconomics: Theory and Applications, Tata McGraw-Hill

publishing Company Ltd., New Delhi.

7. Gurley J. and E.S. Shaw (1960). Money in a Theory and Finance, Brookings

Institution, Washington.

8. Hall, R.E. and J.B. Taylor (1986). Macroeconomics, McGraw-Hill Inc. New York.

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

New Delhi.

10. Laidler, D.E.W. (l977).Demand for Money, Theory and Evidence, Dum-Don Valley,

New York.

11. Leijonhufwud, A. (1968). On Keynesian Economics and Economics of Keynes, Oxford

University Press, London.

12. Mankiw, N.G. and D. Romer (Eds.) (1991). New Keynesian Economics, 2 Vols. MlT

Press, Cambridge, Massachuttes, USA.

13. Mueller, M.G. (1966). Reading in Macroeconomics, Holt Rinehart & Winston, N.Y.

14. Patinkin, D. (1965). Money, Interest and Prices, Harper & Row, New York.

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

Massachuttes, USA. '

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


Title of Paper: Theories of International Trade

Uni

t

Description in Detail Weightage

(%)

1. Concept of Inter -regional and International Trade - Theory of

Comparative Cost - Heckscher -Ohlin Theory of trade - Leontief

Paradox- opportunity cost approach.

30

2. Factor Endowment and Factor Price – the Rybczynski Theorem-

trade as an engine of growth- effect of development on

international trade

30

3. Gains from international trade- Concept of Terms of trade- Their

uses and limitations- factors affecting terms of trade 20

4. Optimum tariffs - theory of custom union-trade creation and

trade diversion and welfare implications-Trade Organisations-

GATT, WTO.

20

References:

1. Bo Sodersten International Economics

2. C. P. Kindle Berger International Economics

3. R. A. Mundell International Economics

4. P. T. Ellsworth The International Economy

5. Caves & Johnson Readings in International Economics

6. S. D. Wells International Economics

7. Ray & Kundu International Economics

8. Klaus Friedrich International Economics

9. M. A. Van Meerhaeghe International Economics

10. W. M. Scammell International Monetary Policy Bretton Woods &

After

11. R. M. Stern The Balance of Payments theory and Economic

Policy

12. G. Haberler The Theory of International Trade

13. M. C. Kemp The Pure theory of International Trade

14. H. S. Ellis & L. M. Metzler Readings in the theory of International Trade

15. B. Ohlim Interregional and International Trade

16. J. Viner Readings in the Theory of International Trade

17. P. A. Samuelson International Trade and the Equalisation of

factors prices. Economic Journal, June 1948.

18. J. Bhagwati The Pure theory of International Trade, Economic

Journal Vol. 74 March, 1964.

19. J.E. Meade The theory of International Economic Policy - II.

20. R.D. Gupta International Liquidity

21. Om Prakash (ed) International Monetary Development

22. Dr. D. T. Lakdawala Aantarrashtriya Arthashastra ( Gujarati)

Elective Course 1

(Any One)

Paper Code: PA01EECO01 Total

Credit: 4 Title of Paper: Theory of Agricultural Economics


(%)

1.

Nature and scope of agricultural economics - characteristics of agriculture

- economic distinction between agriculture and other production activities

- problems of definition of agricultural sector.

30

2.

Role of agriculture in economic development - interdependence between

agriculture and industries - agricultural productivity gap among the

countries - factors affecting productivity difference among countries -

prospects for agricultural development in the under developed countries -

agricultural development policy.

30

3. Demand for farm products - factors affecting demand for food-inter-

relationship among them –Engel‟s law of demand 20

4. Market supply and market structure-market supply in different

periods-backward bending supply curve - demand for and supply of

market services -integration of market and market structure -

efficiency of markets.

20

Select References :

1. John W. Mellor - Economics of Agricultural Development

2. T. W. Schultz - Transforming Traditional Agriculture

3. V. W. Ruttan - Agricultural Development And

and Yujiro Hayami International Perspective

4. E. D. Heady - The Economics of Agricultural

Production and Resource use

5. C. E. Bishop and W. D. Toussaint - Tonaint-Introduction to Agricultural

Economic Analysis

Paper Code: PA01EECO02 Total Credit: 4

Title of Paper: Industrial Organization & Finance


(%)

1. Importance of Industrial development in developing

economy.

Structure and Growth of Industries in India.

20

2. Five Year Plans and Industrial development in India.

Industries and Environment

20

3. Regulative role of the State - New Industrial Policy,

Industrial licensing, Tariff Policy.

State as an Entrepreneur - Public Undertakings; Problems

of Public Undertakings.

20

4. Factors governing Optimum size of Industries including

role of the State.

20

5. Small scale Industries- Evaluation- Importance – Growth –

Problems- Measures.

20

References

1. J. Bhagwati India: Planning for Industrialization: Industrialization &

Trade Policies since 1951.

2. George Rosen Industrial change in India

3. Vadilal Dagli A profiles of Indian Industry

4. Pheroze B. Medhora Industrial Growth since 1950 : An Assessment.

5. P. S. Lokanathan Industrial Organisation in India

6. M. M. Meheta Structure of Indian Industries

7. A. B. Mountjoy Industrialization & U. D. countries

8. E. A. G. Robjnson The Structure of Competitive Industry

9. C. A. Myers Industrial Relations in India

10. C. N. Vakil (Ed.) Industrial Development in India

11. L. A. Joshi The Control of Industry in India

12. S. C. Kuchhal The Industrial Economy of India


Title of Paper: Theory of Environmental Economics

Unit

Description in Detail Weightage

(%)

1.

Introduction, Fundamental Concepts and Rationale of Environmental

Economics

Concept of Environment, Ecological system, two-way environment-

economy linkages, types of goods, private, public, mixed, merit,

common property resources. Pareto optimality, Fundamental theorems

of Welfare economics, externalities, market inefficiency

20

2. Externalities in missing markets- property rights and externalities,

transaction costs, market failure and policy failure in degradation of

environment, concepts, definitions, and dimensions of sustainable

development- Trade-off between environment and development.

20

3.

Measurement of Environmental Values

Use values; option values and non-use values- Valuation methods:

Methods based on observed market behaviour: Hedonic property values,

and Household production methods (Travel cost method (TCM) and

Household health production function), Methods based on response to

hypothetical markets- Contingent valuation method (CVM),

25

4.

Accounting and the Environment

Environmental impact assessment (EIA), Integrated environmental and

economic accounting and measurement of environmentally corrected

GDP- Macroeconomic policies and environment.

20

5. Environmental Policy :Need, objectives, nature, instruments and

limitations

15

Basic Reading List

1. Baumol, W.J. and W.E. Oates (1988). The Theory of Environmental Policy, Cambridge

University Press.

2. Bromley, Daniel W. (Ed.) (1995). Handbook of Environmental Economics, Blackwell

Publishers.

3. Callan, S.J. and J.M. Thomas (2000). Environmental Economics and Management:

Theory, Policy and Applications.

4. Dixon, J.A. et al. (1994). Economic Analysis of Environmental Impacts. Earthscan

Publications Ltd., London.

5. Hanley, N. et al. (2001). Introduction to Environmental Economics, Oxford University

Press, New York.

6. Kerr, John M. et al (1997). Natural Resource Economics: Theory and Applications in

India, Oxford & IBH Publishing Co. Pvt. Ltd., New Delhi.

7. Lesser, J.A. et al. (1997). Environmental Economics and Policy, Addison-Wesley.

8. Markandya, Anil and J. Richardson (Eds.), The Earthscan Reader in Environmental

Economics, Earthscan Publications Ltd., London.

9. Pearce, D.W. and R. Kerry Turner (1993). Economics of Natural Resources and the

Environment, The Johns Hopkins University Press, Baltimore, USA.

10. Singh, Katar (1994). Managing Common Pool Resources: Principles and Case Studies,

Oxford University Press.

11. Tietenberg, Tom (2001). Environmental Economics and Policy, Addison-Wesley.

12. Bhattacharya, R.N. (Ed.) (2001). Environmental Economics: An Indian Perspective,


13. Brandon, C., K. Hommann and N.M. Kishor (1995). The Cost of Inaction: Valuing the

Economy-wide Costs of Environmental Degradation in India. Paper presented at the UNU

Conference on the `Sustainable Future of the Global System‟, organised by the United

Nations University/Institute of Advanced Studies, National Institute for Environmental

Studies, Tokyo, Japan, Oct. 16-18.

14. Field, Barry C. and Martha Field (2002). Environmental Economics: An Introduction (3rd

ed.). McGraw-Hill Irwin.

15. Khakhhar, K.K., “ Paryavaraniya Arthashastrana Payana Siddhanto”, (2004), Adarsh

Printing Press, Rajkot.

Elective Course 2

(Any One)


Title of Paper: Central Banking


(%)

1. Evolution of Central Banking

Definitions, Characteristics of Central Banks, Development of Bank of England

and other central banks, present position of central banks.

10

2. Central Bank as a Note Issue Authority

Evolution of Note Issue function, concentration of note issue in central banks,

regulation of noteissues- principles and methods of note issue, state notes versus

bank notes

Central bank as a banker, agent and adviser to the government

25

3. Central bank as a bankers‟ bank

(a) The custodian of the cash reserves of the commercial banks

- Evolution of reserve function, significance of centralized cash reserves,

statutory minimum cash reserves in some countries.

(b) The bank of rediscount and lender of the last resort

- Introduction, origin, scope and significance of rediscount, function of lender of

last resort

(c) The bank of central clearance, settlement and transfer

- Introduction, meaning and significance of central clearance, settlement and

transfer, clearance function in England, U.S., India and others.

25

4. Methods of Credit Control-1

(a) Objectives of credit control, Techniques of credit control – Quantitative

Credit controls.

(b) Bank rate technique – Meaning, evolution and mechanism of the technique,

short term versus long term rates, decline and revival of the technique,

limitations, Dear and Cheap money policy, its assumptions and relevance

20

5. Methods of Credit Control-2

(a) Open market operations – Meaning, evolution and mechanism of the

technique, bank rate versus open market operations, limitations.

(b) Variable reserve requirements –Objectives and mechanism of the technique,

open market operations versus variable reserve requirements, limitations.

Secondary reserve requirements.

20

References

(1) Avadhni V.A., Theory and Practice of Central Banking in India, Somaiya Publications, Bombay.

(2) Bhattacharya B.B., Financial Reforms and Financial Development in India, Institute of

Management Technology, New Delhi

(3) Bhole L.M., Impacts of Monetary Policy, Himalaya Publishing House, Bombay

(4) Chunkapura P.M., Monetary Policy, Reliance Publishing House, Delhi

(5) De kock M.H. Central Banking, Universal Book stall, New Delhi

(6) Desai Vasant, Money and Central Banking, Himalaya House, Bombay

(7) Ghia and others, Organised Markets, Vora and co. ltd., Bombay.

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

Publishing House, Bombay

(9) Gupta S.B., Monetary Economics, Institutions, Theory and Policy, S.Chand and Com.

Ltd., New Delhi.

(10) Hajela P.D., Problems of Monetary Policy in Underdeveloped Countries – with special

reference to India, Lalvani Pub. House, Bombay.

(11) Narain Brij, Money and Banking, S,Chand and co., Delhi

(12) Shekhar K.C., Banking Theory and Practice, Vikas Pub. House Pvt. Ltd.

(13) Simha S.L.N., Modern Banking, Monetary Policy and Finance, Deep and Deep

Publications, New Delhi

(14) Sundharam K.P.M., Money, Banking, Trade and Finance, Sultan chand, and sons, New

Delhi (15) Reddy Y.V., Monetary and Financial Sector Reforms in India – A Central

Banker‟s

Perspective, UBS Publishers, New Delhi

(16) RBI, Occasional Papers, (1) Vol. 12, No. 3-4, September- Dec. 1991 (2)Vol. 18, Nos.

2&3, June-September, 1997.

(17) RBI, C.D.Deshmukh Memorial Lecture Series, Centenary commemorative Volume

(18) Sen S.N., Central Banking in Underdeveloped Money Markets, Book land private ltd.,

Calcutta

(19) Kendriya Banking, (Gujarati) Translation of Central Banking ( De kock M.H.)

Translator

Dr. J.H.Adhvaryu


Title of Paper: Economics of Rural Development


(%)

1. Rural Development: - Nature and scope – Importance and objectives of

Rural Development, Role of NGO.- Rural Economy of India: size and

structure of Rural Economy - The characteristics of the Rural Sector -

Role of Agricultural and Allied Sector- Role of the Non-Agricultural

sub-sector – Nature of changes since Independence - Challenges and

opportunities.

25

2. Measures of Development: Measures of the level of Rural

Development - Measures of Distribution of Income - Measures of

Development simplified -Some Measures of Rural Poverty.

15

3. Some Paradigms of Rural Development: Introduction - The

Modernization Theory - Rosenstein - Rodan's Theory of the 'Big Push'

- Leibenstein's critical minimum Effort Thesis - Lewis Model of

Economic Development with unlimited supply of Labor force -

Gunnar Myrdal‟s Thesis of Spread and Back ward Effects - The

Human Capital model of Development -Gandhian Model of Rural

Development - Development theories from other social sciences.

20

4. Determinants of Rural Development: Change in Output - Changes in

the Utilization of Natural Resources – Employment, Capital,

Technology and Industrial framework

15

5. Approaches to Rural Development: C.D. Program - Intensive

Agricultural Districts Program - S.F.D.A. and MF.A.L.A.- D.P.A.P. -

D.D.P. - I.R.D.P., D.W.C.R.A. - S.G.S.Y., Self help groups in Rural

Development, other programmes for Rural Development.

25

References

1 Katar Singh (1999), "Rural Development - principles policies and Management" Sage

Publications, New Delhi.

2. I. Satyasundaram (1999) “Rural Development" Himalaya Publishing House, New Delhi.

3 Bhalla. G. S. (1994) "Economic Liberalization and Indian Agriculture" (Ed) Institute for

Studies in Industrial Development, New Delhi.

4. John Mellor and Gunvant Desai (1986) “Agricultural Change and Rural Poverty”,

Oxford University Press, Bombay.

5. NABARD (1999) “Review of working of Regional Rural Banks”, Mumbai.

6. Ministry of Rural area and Employment “Programs for Change” GoI, New Delhi.

7. Plan Documents, GoI, New Delhi.


Title of Paper: Theory And Practice of Co-operation


(%)

1. Growth of co-operative Movement:

Origin- Meaning – Scope – Co-operation values – Co-operative movement in

developed and developing countries.

20

2. Principles of Co-operation:

Characteristics – Major principles of Co-operation organization Revised

principles of co-operation conditions for the success of co-operative movement.

15

3. Role of co-operatives in Rural Development:

Role of co-operative movement in Agricultural and Industrial development. 15

4. Co-operatives and Different Economic Organizations:

Capitalism – Socialism – Communism –Mixed economy and Co-operative

movement- Co-operative as a Balancing Factors between private and public

sectors.

20

5. Types of Co-operatives:

State Co-operatives– District central Co-operatives- Primary Co-operatives–

Agricultural and Non agricultural Co-operatives– Industrial Co-operatives–

Consumers Co-operatives– Producers Co-operatives- Financial or credit.

15

6. Co-operative structure:

Three tier structure – Primary level, District level, State level Federations-

National Co-operative Federations.

15

References:

1 Ahmed Rais, Co-operative and Integrated Rural Development, Mittal Publication, New

Delhi.

2 Anand, Jaya S., Co-operatives and Agricultural & Rural Development Bank, Atlantic

Publishers and Distributors, New Delhi.

3 Bedi R.D., Theory, History and Practice of Co-operation, R. Lal and Co., Government

College, Meerut.

4 Chambey B.N., Principles and Practice of Co-operative Banking in India.

5 Dwivedi R.C., Glimpses of Co-operatives Through Press, Vol. 1-8, The Co-operative

Times, New Delhi.

6 Hajela T.N., Principles, Problems and Practice of Co-operation, Shivlal Agrawal & Co.,

New Delhi.

7 Jain L.C. and Karen Coelho, In the Wake of Freedom, Concept Publishing Co., New

Delhi.

8 Mathur B.S., Co-opeartive marketing in India, Sahitya Bhavan, Agra.

9 Nagi B.S., Co-operative Credit and Regional Development, Deep and Deep Publication,

New Delhi.

10 Puri S.S., Ends and Means of Co-operative Development, NCUI, New Delhi.

11 Reddy & Reddy, Co-operative and Rural Development, Anmol Publication Pvt. Ltd.,

New Delhi.

12 Tannan M.L., Banking Law and Practice in India.

Wolf H., Co-operative Banking.


Title of Paper: Research Methodology and Computer Application in Economics

Total 4 credits: 2 credits for classroom teaching and 2 credits for Laboratory / Practical


(%)

1. Meaning and significance of Research- Definition, Characteristics, Classification;

Social Research- Types, Motivations, Factors, Basic Assumptions; Importance of

Social Research, Problems encountered by Researcher- Emerging Areas

25

2. Phases of Social Research: Selection of a Research Problem, Precautions to be

undertaken, Formulation of a Research Problem: Statement of a Research Problem,

Objectives, Hypothesis, Definitions and Indicators, Review of Literature- Current

Trends

25

3. Basics of Computer Hardware and Software

Hardwares:- Peripherals: Printers, Scanners, Cameras etc.

Softwares:- (i) System Software- OS

(ii) Application Softwares

15

4. Introduction to Analytical Tools- Spreadsheet, Significance of these tools,

working with toolsDatabase Management System (DBMS): Introduction, Features

and Applications; Database and its objects- Introduction to Table, Forms, Report

and Query, Creation, Modification, deletion of tables, Insertion, Modification,

Finding, Sorting, Grouping, Viewing and Sharing Data, Working with External

Data, Linking the Tables

35

References:

1) Kothari C.R. (2009), “Research Methodology- Methods and Techniques”, New

Age International Publishers, New Delhi

2) Joshi K. (1984), “ Econometrics”, Viral Prakashan, Ahmedabad

3) Raiyani J. R. (2012), “Research Methodology- Theory and Techniques”, New

Century Publications, New Delhi

4) Verma R. K. & Verma G. (1989), “Research Methodology”, Commonwealth

Publishers, New Delhi

5) Gupta V. (2007), “ Comdex Computer Course Kit” Comdex

6) Rajaraman (2003), “Fundamentals of Computers”, PHI Publication, New Delhi

Course for Self Study & Soft skills

Paper Code: PA01SECO04 Total Credit: 4

Title of Paper: Theory And Practice of Co-Operation


(%)

1.

Growth of co-operative Movement in India and Abroad

Origin- Meaning – Characteristics – Major Principles - Cooperative

movement in developed and developing countries.

20

2.

Co-operative structure

Three tier structure – Primary level, District level, State level

Federations- National Co-operative Federations.

Management Structure of Co-operatives

Elected management – Paid management members- General meetings-

Their Rights- Responsibilities- Managing Committee- It‟s functions-

Chairman- Secretary/manager Role and responsibilities- Functions-

Meetings- Different types- Agenda notice- Quorum- minutes-

Resolutions- election- Audit of accounts.- Duties of Registrar –

Cooperative Audit

40

3.

Types of Co-operatives

State Co-operatives– District (central) Co-operatives - Primary Co-

operatives Agricultural and Non Agricultural Co-operatives – Credit

Cooperatives: Long, Medium and Short term credit Cooperatives- Non

Credit Cooperatives: Fisheries, Consumer Coops.

20

4.

Role of co-operatives in Rural Development

Role of co-operative movement in Agricultural and Industrial

development- Weaver‟s Coops, Sugar coops, Fertilizer Coops., Dairy

Cooperatives etc.

20

References:

13 Ahmed Rais, Co-operative and Integrated Rural Development, Mittal Publication, New

Delhi.

14 Anand, Jaya S., Co-operatives and Agricultural & Rural Development Bank, Atlantic

Publishers and Distributors, New Delhi.

15 Bedi R.D., Theory, History and Practice of Co-operation, R. Lal and Co., Government

College, Meerut.


17 Dwivedi R.C., Glimpses of Co-operatives Through Press, Vol. 1-8, The Co-operative

Times, New Delhi.

18 Hajela T.N., Principles, Problems and Practice of Co-operation, Shivlal Agrawal & Co.,

New Delhi.

19 Jain L.C. and Karen Coelho, In the Wake of Freedom, Concept Publishing Co., New

Delhi.


21 Nagi B.S., Co-operative Credit and Regional Development, Deep and Deep Publication,

New Delhi.


23 Reddy & Reddy, Co-operative and Rural Development, Anmol Publication Pvt. Ltd.,

New Delhi.


25 Wolf H., Co-operative Banking.

Note: The teaching & learning Structure for the course of Self Study and Soft skills is

as follows:

(a) Classroom Teaching / Practical -2 credits

(b) Self Study - 2 credits

Semester –II Course Type Course No. Name of the Course Credits External Internal Total

3 Core Courses PA02CECO01 Micro Economics 04 70 /28 30 100/40

PA02CECO02 Macro Economics 04 70 /28 30 100/40

PA02CECO03 Issues of International

Trade

04 70 /28 30 100/40

Elective Course 1

(Any One)

PA02EECO01 Theory of Agricultural

Economics

04 70 /28 30 100/40

PA02EECO02 Industrial Organisation

and Finance

04 70 /28 30 100/40

PA02EECO03 Theory of

Environmental

Economics

04 70 /28 30 100/40

Elective

Course 2

(Any One)

PA02EECO04 Central Banking 04 70 /28 30 100/40

PA02EECO05 Economics of Rural

Development

04 70 /28 30 100/40

PA02EECO06 Theory and Practice of

Co-operation

04 70 /28 30 100/40


and Computer

Application in

Economics

04 70 /28 30 100/40

Self Study & Soft

Skills Course

PA02SECO04 Employment

Generation

Programmes in India

04 70 /28 30 100/40

Comprehensive

Viva


Total 25

Semester –II Core Courses


Title of Paper: Micro Economics


(%)

1.

Cost and Revenue Analysis

Cost concepts; short-run and long run cost - Distinction and relations

between different cost curves and their analysis; U and L shapes of

average cost curves; Revenue analysis-Concepts of revenues, Relation

between AR & MR Curves, equilibrium analysis – Total cost and total

revenue approach, marginal cost and marginal revenue approach, Recent

Development

26

2.

Market Equilibrium- (Short run and Long run)

Perfect competition, Monopoly, Monopolistic competition, Oligopoly,

Duopoly

26

3.

Distribution Theory (Theory of factor pricing)

Theory of distribution: A general view; marginal productivity theory;

Euler‟s theorem; Theories of rent, wages, profit, Recent development.

22

4.

Welfare economics

Welfare and welfare economics- Paretian welfare economics; Kaldor-

Hicks compensation principle; Scitovsky Paradox, Bergson-samuelson

social welfare function, Arrow‟s theorem, The theory of second best,

Recent Development

26

References

(1) Ahuja H.L., Advanced economic theory – Microeconomic Analysis, S.Chand and

company, New Delhi.

(2) Chopra P.N., Micro economic theory and welfare economics, Kalyani Publishers, New

Delhi.

(3) Deweet K.K., Modern economic theory, S.Chand and Company, New Delhi.

(4) Hirshleifr J. and Glazer A., Price theory and applications, Prentice Hall, New Delhi.

(5) Jhingan M.L.; Advanced Economic Theory, Vrinda Publications, Delhi

(6) Koutsoyiannis A., Modern Microeconomics, Macmillan press, London.

(7) Mishra and Puri; Microeconomics Theory and Applications, Himalaya Publishing

House.

(8) Prasad K.N., Lectures on micro-economic theory, Himalaya publishing house.

(9) Sen Anindya., Microeconomics-Theory and applications, Oxford University press, New

Delhi.

(10) Seth M.L., Principles of Economics (Micro and Macroeconomics) Lakshmi Narain

Agrawas, Agra.

(11) Stigler., Theory of price,Prentice hall, New Delhi.

(12) Stonier A and Hague D., A Textbook of Economic theory, Longman group, London.

(13) Sundharam K.P.M. and Sundharam E.N., Economic Analysis, S. Chand and sons, New

Delhi.

(14) Samuelson, Economics, Tata Mcgraw Hill, New Delhi


Title of Paper: Macro Economics


(%)

1.

Monetary Equilibrium

Concept - Walras' theory of general equilibrium- Patinkin's reformulation of

theory Classical dichotomy.

15

2.

Consumption Function

Concept: Properties of consumption function- Keynesian Psychological Law of

Consumption and it's validity- The functional relationship between income and

consumption- Short and long run aspects- Post-Keynesian consumption function

hypotheses: Duesenberry's demonstration effect Friedman's permanent income

hypothesis, Modigliani's life cycle theory- multiplier: Meaning, working and

importance- Leakages- Balanced budget multiplier-Multiplier in the under

developed countries.

25

3.

Theory of Interest

Interest rates and price expectations- Nominal and real interest rates- Inflationary

expectations and Interest rates- Theories of Interest rates: Classical, Neo-

Classical, Keynesian and modem IS-LM theory of rate of interest by Hicks and

Hansen and its implications- Structure of rate of interest- Asset prices and interest

rates- Term structure- Income, saving and investment and rate of interest- Policy

of administered interest rates- Deregulation of interest rates.

25

4.

Theory of Inflation

Concept- Sources of inflationary pressure: Demand-pull, Cost-push factors,

Sectoral demand shift- International aspect of inflation- Ratchet inflation-

Inflation in less developed countries- Inflationary gap- Inflation and distribution

of income-Stagflation- Control of inflation: Income policy, demand restriction,

monetary policy, fiscal policy- Philips curve analysis: Relationship between

unemployment and inflation- Samuleson and Solow: The natural rate of-

Unemployment hypothesis, Tobin's modified Philips curve.

20

5.

Monetary Policy

The theory of monetary policy: Meaning, instruments, indicators and targets of

monetary policy- External versus internal stability- Neutral money policy-

Monetary policy and full employment- Cheap money policy- International

banking and monetary policy- Constant money supply approach- Long-term

objectives of monetary policy- Limitations of monetary policy- Rules versus

discretion (Friedman's views)- Money and business cycles- Role of monetary

policy in liberalization and market economy- Monetary policy of the Reserve

Bank of India (RBI).

15

References:

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

2. Dornbusch, R. and F. Stanley (1997). Macroeconomics, McGraw-Hill Inc, NewYork.

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

4. Ghosh, B.N., and Rama Ghosh (1993). Modern Macroeconomics: Theory and Policy,

Himalaya Publishing.

5. Gupta, S.B: (1995). Monetary Planning in India, Oxford University Press, New Delhi.

6. Gupta, G.S. (2001). Macroeconomics: Theory and Applications, Tata McGraw-Hill

publishing Company Ltd., New Delhi.

7. Gurley J. and E.S. Shaw (1960). Money in a Theory and Finance, Brookings Institution,

Washington.

8. Hall, R.E. and J.B. Taylor (1986). Macroeconomics, McGraw-Hill Inc. New York.

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

New Delhi.

10. Laidler, D.E.W. (l977).Demand for Money, Theory and Evidence, Dum-Don Valley,

New York.

11. Leijonhufwud, A. (1968). On Keynesian Economics and Economics of Keynes, Oxford

University Press, London.

12. Mankiw, N.G. and D. Romer (Eds.) (1991). New Keynesian Economics, 2 Vols. MlT

Press, Cambridge, Massachuttes, USA.

13. Mueller, M.G. (1966). Reading in Macroeconomics, Holt Rinehart & Winston, N.Y.

14. Patinkin, D. (1965). Money, Interest and Prices, Harper & Row, New York.

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

Massachuttes, USA. '

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


Title of Paper: Issues of International Trade


(%)

1.

Meaning and concepts of balance of trade and balance of payments-

Equilibrium and disequilibrium in balance of payments

25

2.

Foreign trade multiplier - Exchange Rate Determination – Concepts

of Equilibrium Exchange Rate- Multiple Exchange Rate- Fixed and

Flexible Exchange Rate

25

3.

International capital movements: Factors influencing international

capital movements-portfolio and direct investment-the transfer

problem-the theory of direct investment

25

4.

International monetary fund objectives of IMF -IMF and

international liquidity-special drawing rights-recent developments in

international monetary system-the new international economic order

25

References:

1. Bo Sodersten International Economics

2. C. P. Kindleberger International Economics

3. R. A. Mundell International Economics

4. P. T. Ellsworth The International Economy

5. Caves & Johnson Readings in International Economics

6. S. D. Wells International Economics

7. Ray & Kundu International Economics

8. Klaus Friedrich International Economics

9. M. A. Van Meerhaeghe International Economics

10. W. M. Scammell International Monetary Policy Bretton Woods & After

11. R. M. Stern The Balance of Payments theory and Economic Policy

12. G. Haberler The Theory of International Trade

13. M. C. Kemp The Pure theory of International Trade

14. H. S. Ellis & L. M. Metzler Readings in the theory of International Trade

15. B. Ohlim Interregional and International Trade

16. J. Viner Readings in the Theory of International Trade

17 P. A. Samuelson International Trade and the Equalisation of

factors prices. Economic Journal, June 1948.

18. J. Bhagwati The Pure theory of International Trade, Economic

Journal Vol. 74 March, 1964.

19. J.E. Meade The theory of International Economic Policy- II.

20. R.D. Gupta International Liquidity

21. Om Prakash (ed) International Monetary Development

Elective course 1

(Any One)


Title of Paper: Theory of Agricultural Economics


(%)

1.

Production functions - measurement of marginal products, marginal costs,

share of factors -Returns to scale, empirical studies on returns to scale in

India - Transformation curves.

25

2.

Principles of farm management - tools of budgeting and cost accounting -

analysis of farm management studies - concepts of costs used in farm

management studies-Risk and uncertainty - product combination - factor

combination and selection of techniques under uncertainty.

25

3.

Price behaviour - intra-and inter-seasonal and inter-year price behaviour -

terms of trade -definition, measurement - secular trends - price instability

analysis integrated price system -buffer stocks - their role and impact on

prices and incomes - their size - role of state agency in marketing of

products and inputs.

30

4.

Factor markets - organisation of land market - determination of land

values and rent - labour market - wages and employment - role of factor

market organisation in agricultural development and poverty within

agriculture.

20

References :

1. E. O. Heady: „The Economics of Agricultural Production and Resource use‟.

2. C. E. Bishop &: „Introduction to Agricultural Economic Analysis‟.

W.D. Tonssaint

3. E. O. Heady & H. R Jensen: „Farm Management Economics.‟

4. M. L. Dantwala : Principles and Problems: Agricultural Price Distribution Technical

Address, Annual Conference, December, 1965 – Society of Agricultural Research.

5. The Seminar on Foodgrains Bufferstocks: Indian Society of Agricultural Economics,

Bombay.

6. G. S. Shepherd: „Agricultural Price Analysis‟.


Title of Paper: Industrial Organisation & Finance


(%)

1.

Location - Industrial location- Factors affecting location of

Industries- Weber‟s Theory of Industrial Location, Sargent Florence

Theory of Industrial Location; regional development of Industries;

new approach to regional development.

25

2.

Industrial Finance in India; Capital market; Financial Institutions and

industrial finance in India – Importance, Schemes; Foreign capital

and collaborations.

35

3.

Industrialisation of Indian economy: Merits and demerits of

industrialisation

15

4.

Rationalization and Productivity - Rationalisation; Industrialization

in India: Industrial productivity.

25

References

1. N. J. Shah History of Indian Tariffs

2. S. L. N. Simha The Capital Market of India

3. A. Weber Theory of location of' Industries

4. T. Zinkin Foreign Capital in India

5. Y. K. Alagh Regional aspects of Indian Industrialization

6 R. Balakrishna Regional Planning in India

7. M.R. Chaudhari Indian Industrial Development Locations

8. N.Das Banking & Industrial Finance in India

9. P. S. Florence Industry & State

10. P. S. Florence Investment location & size of the Plant

11. O. K. Ghosh The Indian Financial System

12. Planning Commission Five Year Plan Reports


Title of Paper: Theory of Environmental Economics


(%)

1.

Economic Instruments of Environmental Policy and Informal Environmental

Regulation

Command and Control measures (CAC), regulatory measures and market

based instruments (MBI), Pigouvian taxes and subsidies for mitigating

externalities, marketable pollution permits, carbon credit trading system,

mixed instruments, Coasian bargaining solution and collective action.

Informal environmental regulation and conservation, environmental

30

institutions and grass root movements, monitoring and enforcement of

environmental regulations, global environmental externalities and climatic

changes- Trade and environment in WTO regime

2.

Economics of Natural Resource Use

Types of natural resources, theories of optimal use of exhaustible and

renewable natural resources

20

3.

Theories of Common Property Resources (CPR) Management and use

Theories of Common Property Resources Management (CPRM), Olson,

Oakerson, market equilibrium, Buchanan & Tullock, Game Theory

Approach, Elinor Ostrum.

30

4.

Environmental Laws

Environmental laws in India, critical evaluation of environmental regulation

in India, causes for concern, selected case studies

20

Basic Reading List

1 Singh, Katar (1994). Managing Common Pool Resources: Principles and Case

Studies, Oxford University Press.

2 Field, Barry C. and Martha Field (2002). Environmental Economics: An Introduction

(3rd


3 GoI (1999). Economic Survey-1998-99: Promoting Sustainable Development:

Challenges for Environment Policy, New Delhi.

4 Pachauri, R.K. and P.V. Sridhar (Eds.) (1998). Looking Back to Think Ahead, Tata

Energy Research Institute (TERI), New Delhi.

5 Shastri, S.C. (2002). Environmental Law, Eastern Book Co., Lucknow.

6 Tietenberg, Tom (2001). Environmental Economics and Policy, Addison-Wesley.

7 Brandon, C., K. Hommann and N.M. Kishor (1995). The Cost of Inaction: Valuing

the Economy-wide Costs of Environmental Degradation in India. Paper presented at

the UNU Conference on the `Sustainable Future of the Global System‟, organised by

the United Nations University/Institute of Advanced Studies, National Institute for

Environmental Studies, Tokyo, Japan, Oct. 16-18.

8. Khakhhar, K.K., “ Paryavaraniya Arthashastrana Payana Siddhanto”, (2004),

Adarsh Printing Press, Rajkot.

Elective Course 2

(Any One)


Title of Paper: Central Banking


(%)

1. Methods of Credit Control - Qualitative methods of credit control – objectives,

direct actions, moral suasions, credit rationing, regulation of consumer credit,

variable margin requirements, publicity and others.

10

2. Central Banking in India

Evolution of central banking in India, central banking functions of the Reserve

bank of India- Note issue function, banker to the government, bankers‟ bank;

Reserve Bank of India as a controller of credit – Bank rate, Open Market

Operations, Variable reserve ratio, SLR, Repos, etc.

30

3. Reserve bank of India and bill market in India. Bills only doctrine, availability

doctrine.

20

4. Money market

Meaning and significance of money market, constituents of money market,

characteristics of the Indian money market, suggestions to improve Indian money

market.

10

5. Constitution and administration of central banks

Introduction, ownership of capital, distribution of profits, administration of central

banks, The independence of central banks, autonomy of central banks.

20

6. Financial Sector Reforms in India 10

7. Recent Issues

References

(1) Avadhni V.A., Theory and Practice of Central Banking in India, Somaiya Publications,

Bombay.

(2) Bhattacharya B.B., Financial Reforms and Financial Development in India, Institute of

Management Technology, New Delhi

(3) Bhole L.M., Impacts of Monetary Policy, Himalaya Publishing House, Bombay

(4) Chunkapura P.M., Monetary Policy, Reliance Publishing House, Delhi

(5) De kock M.H. Central Banking, Universal Book stall, New Delhi

(6) Desai Vasant, Money and Central Banking, Himalaya House, Bombay

(7) Ghia and others, Organised Markets, Vora and co. ltd., Bombay.

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

Publishing House, Bombay

(9) Gupta S.B., Monetary Economics, Institutions, Theory and Policy, S.Chand and Com.

Ltd., New Delhi.

(10) Hajela P.D., Problems of Monetary Policy in Underdeveloped Countries – with special

reference to India, Lalvani Pub. House, Bombay.

(11) Narain Brij, Money and Banking, S,Chand and co., Delhi

(12) Shekhar K.C., Banking Theory and Practice, Vikas Pub. House Pvt. Ltd.

(13) Simha S.L.N., Modern Banking, Monetary Policy and Finance, Deep and Deep


(14) Sundharam K.P.M., Money, Banking, Trade and Finance, Sultan chand and sons, New

Delhi

(15) Reddy Y.V., Monetary and Financial Sector Reforms in India – A Central Banker‟s

Perspective, UBS Publishers, New Delhi

(16) Reserve Bank of India, Functions and Working

(17) RBI, 50 years of Central Banking

(18) RBI, Occasional Papers, (1) Vol. 12, No. 3-4, September- Dec. 1991 (2)Vol. 18, Nos.

2&3, June-Sept., 1997.

(19) RBI, C.D.Deshmukh Memorial Lecture Series, Centenary commemorative Volume

(20) Sen S.N., Central Banking in Underdeveloped Money Markets, Book land private ltd.,

Calcutta

(21) Kendriya Banking, (Gujarati) Translation of Central Banking (De kock M.H.)

Translator Dr. J.H.Adhvaryu


Title of Paper: Economics of Rural Development


(%)

1. The Green Revolution: New Technology in Agriculture - HYVs and

Improved Seeds - Spreadof New Technology, its adoption, impact -

Determinants of Spread of New Technology

25

2. Rural Industrialization In India: Progress and problems - Rational

Approach - Institutional Support - Future Task

15

3. Financing Rural Development: Need and Measurement - Domestic

Institutional Sources The Role of Non-institutional Agencies - Deficit

financing and controlled Inflation - Foreign Sources of Funds - The role of

foreign Investment - The role of foreign aid

25

4. Working of RRBs and its role in rural development: Introduction - sources

of Funds - Uses of Funds - Results of RRBs - Quality of assets Inspection

of RRBs.

15

5. Implementation, Monitoring and Evaluation: Introduction - Project

implementation - Planning for implementation - Project Control Integration

and coordination - People's participation in Implementation - Project

monitoring - Project Evaluation .

20

References

1 Katar Singh (1999) "Rural Development - principles policies and Management" Sage


2. I. Satyasundaram (1999) “ Rural Development" Himalaya Publishing House, New Delhi.

3 Bhalla. G. S. (1994) " Economic Liberalization and Indian Agriculture" (Ed) Institute for




5. NABARD “ Review of working of Regional Rural Banks”, Mumbai (1999).

6. Ministry of Rural area and Employment “ Programs for Change” GoI, Delhi.



Title of Paper: Theory and Practice of Co-Operation


(%)

1. Management Structure of Co-operatives

Elected management – Paid management members- General meetings-

Their Rights- Responsibilities- Managing Committee- It‟s functions-

Chairman- Secretary/manager Role and responsibilities- Functions-

Meetings- Different types- Agenda notice- Quorum- minutes-

Resolutions- election- Audit of accounts.

30

2. Co-operative Banks:

Primary credit Societies- District/Central Co-operative Banks- People‟s/

Nagarik Co-operative banks- Urban Co-operative Banks- Co-operative

Banks and Reserve Bank of India-Protection of consumer‟s investment-

Problems faced by co-operative banks; recovery, over-due.

30

3. Co-operatives and the State

State aid to co-operatives- State participation in co-operatives- State

control and co-operatives, National Co-operative Policy

20

4. Evaluation and Present Scenario of Co-operative Movement in India

Achievements-Income and employment- Generation- Infrastructural

facilities- Production- marketing- Distribution- Management- Education

and training- House keeping etc.- rural development- Problems of co-

operation.

20

References:

1 Ahmed Rais, Co-operative and Integrated Rural Development, Mittal Publication,

New Delhi.

2 Anand, Jaya S., Co-operatives and Agricultural & Rural Development Bank,

Atlantic Publishers and Distributors, New Delhi.

3 Bedi R.D., Theory, History and Practice of Co-operation, R. Lal and Co.,

Government College, Meerut.


5 Dwivedi R.C., Glimpses of Co-operatives Through Press, Vol. 1-8, The Co-

operative Times, New Delhi.

6 Hajela T.N., Principles, Problems and Practice of Co-operation, Shivlal Agrawal

& Co., New Delhi.

7 Jain L.C. and Karen Coelho, In the Wake of Freedom, Concept Publishing Co.,

New Delhi.


9 Nagi B.S., Co-operative Credit and Regional Development, Deep and Deep

Publication, New Delhi.


11 Reddy & Reddy, Co-operative and Rural Development, Anmol Publication Pvt.

Ltd., New Delhi.


13 Wolf H., Co-operative Banking.

Paper Code: PA02EECO07 Total Credit:

4 Title of Paper: Research Methodology and Computer Application in Economics



(%)

1. Nature and Sources of Data- Primary and Secondary Data; Census and

Sample Methods, Data for Research: Methods of Primary and Secondary

Data Collection, Precautions to be Taken while Collecting Data,

Limitations- Recent Trends

25

2. Data Processing: Editing, Coding, Classification and Types; Introduction to

Series, Introduction to Basic Statics- Measures of Central Tendency,

Dispersion, Correlation and Regression- Innovative Techniques

25

3. Advance Features of Spreadsheet- Macro and Advance Functions- Basic

Commands, Graphs, Data entry etc. Formation and Presentation of

Document

25

4. Introduction to Internet, WWW (URL, Domain, Website, Webpage etc.),

Utility of Internet in Research- Literature and Data Collection etc. {Gangotri

(INFLIBNET), Shodhganga, OJAS, etc.}

25

References:

1) Kothari C.R. (2009), “Research Methodology- Methods and Techniques”, New Age

International Publishers, New Delhi


3) Raiyani J. R. (2012), “Research Methodology- Theory and Techniques”, New Century


4) Verma R. K. & Verma G. (1989), “Research Methodology”, Commonwealth Publishers,

New Delhi



7) Gupta S C; Fundamental of Applied Statistics. S. Chand & Sons, New Delhi.

8) Grewal P S; Numerical Methods of Statistical Analysis, S P Pvt. Ltd., New Delhi.

9) Bose D.; An Introduction to Mathematical Economics, H P H. Bombay, Delhi.

10) Gupta C.B.; An Introduction to Statistical Methods, Delhi.

11) Patel R.K. & Patel L.B.; Business Statistic, C. Jamanadas Co. Ahmedabad.

12) Patel Balubhai; Dhandhakiya Ankadashastra, Uni. Granthnirman Board, Ahmedabad.

13) Zala M.L.; Arthshastrama Ganitshastra, Purbiti Prakashan, Vallabh Vidyanagar.

14) Dr. Jaiswal M.C.; Arthvishayak Ankadashastra, Uni. Granthnirman Board, Ahmedabad.

15) Douglas E. Commer (2000), “The Internet”, PHI, Second Ed.

Course for Self Study & Soft Skills

Paper Code: PA02SECO04 Total

Credit: 4 Title of Paper: Employment Generation Programmes in India


(%)

1. Importance of Employment – Types of employment - Types and causes of

unemployment – Factors affecting employment in rural and urban areas

25

2. Employment Structure in India and Gujarat – Trends of employment in

India and Gujarat, Employment Policy- Concept, importance, agenda and

Employment Policy in India

25

3. Central Government Employment Generation Programmes- Five Year

Plans and Employment Generation- Twelfth Five Year Plan and

Employment Generation

25

4. State Government Employment Generation Programmes- Self Employment

Generation Programmes- Employment Generation activities at the Micro

Level

25

References

1 Katar Singh (1999) "Rural Development-principles policies and Management", Sage


2. I. Satyasundaram (1999) “ Rural Development" Himalaya Publishing House, New Delhi.

3 Bhalla. G. S. (1994) " Economic Liberalization and Indian Agriculture" (Ed) Institute for




5. NABARD “ Review of working of Regional Rural Banks”, Mumbai (1999).

6. Ministry of Rural area and Employment “Programs for Change” GoI, Delhi.


8. KPM Sundharam & Ruddar Datt, “Indian Economy”, S. Chand & Company, New Delhi

9. Francis Cherunilam, “Industrial Economics- Indian Perspective”, Himalaya Publishing

House, New Delhi.


as follows:



Semester –III


3 Core Courses PA03CECO01 Economics of

Development and

Planning

04 70 /28 30 100/40

PA03CECO02 Theory of Public

Economics

04 70 /28 30 100/40

PA03CECO03 Quantitative Economics 04 70 /28 30 100/40

Elective Course

1

(Any One)

PA03EECO01 Problems of Indian

Agriculture

04 70 /28 30 100/40

PA03EECO02 Industrial Labour 04 70 /28 30 100/40

PA03EECO03 Environmental

Problems of India

04 70 /28 30 100/40

Elective

Course 2

(Any One)

PA03EECO04 Theory of Finance 04 70 /28 30 100/40

PA03EECO05 Socio-Economic Survey

Methods

04 70 /28 30 100/40

PA03EECO06 Development of

Cooperative Movement

in India

04 70 /28 30 100/40


and Computer

Application in

Economics

04 70 /28 30 100/40

Self Study &

Soft Skills

Course

PA03SECO03 Economics of Livestock

Farming

04 70 /28 30 100/40

Comprehensive

Viva


Total 25

Semester –III

Core Courses


Title of Paper: Economics of Development and Planning


(%)

1. Economic growth and development- concepts- factors affecting economic

growth- capital, labour, technology etc.

Desirability of economic growth- a critical evaluation of merits and demerits

of economic growth.

Measurement of development- per capita income, human development index,

food security, education, health, etc.

30

2. The classical theory of economic development- contributions by Adam Smith,

Ricardo, Malthus and Mill.

The Marxian theory- The materialistic interpretation of history- theory of

surplus value- the Marxian theory and undeveloped countries.

30

3. The Schumpeterian theory- Schumpeter vision- economics of capitalist

development- appraisal.

10

4. Economic Planning – introduction- types of planning. 15

5. Planning and development in India- the strategy of Indian planning- A critical

appraisal.

15

6. Current thinking on economic development.

Basic reading List:

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

Press, Stanford.

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

3. Kindle Berger, C.P. (1977), Economic Development, Mc-Grew Hill, New York.

4. Thriwal A.P. (1999), Growth and Development, Macmillan, U.K.

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

Oxford.

6. Chakravarti S.(1982), Alternative Approaches to the theory of Economic Growth,

Oxford University Press, New Delhi.

7. Meier G. M. (1995), Leading Issues in Economic Development, Oxford University

Press, New Delhi.

8. „World Development Report- WDR‟- World Bank

9. „Human Development Report- HDR‟- UNDP


Title of Paper: Theory of Public Economics


(%)

1. Introduction, Failure of the Market Mechanism and Need for Government

Intervention

Role of government in organized society, overview of modern public economics -

government in a mixed economy: public and private sector, government as a tool for

operationalizing the planning process. Market failure-imperfections, decreasing

costs, monopolies, externalities, concepts of free riders, spill-over effect, types of

goods and their characteristics, public, private, mixed, merit, common property

resources

25

2. Allocation of Resources

Private & public mechanism for allocating resources; Problems for allocating

resources, contributions of Musgrave. Efficient provision of private social mixed and

merit , Samuelson‟s “Same Price” rule, impossibility of decentralized provision of

social goods mixed goods, bargaining in small group,, allocation in the budget,

principle of maximum social advantage, Pigovian corrective taxes, Coasian

bargaining -common property resources: demand revealing schemes for public

goods, problems of preference revelation and aggregation of preferences, voting

systems, Arrow Impossibility Theorem, economic theory of democracy, politico-eco-

bureaucracy

25

3. Stabilization and Distribution

Problem of instability in an economy, role of monetary and fiscal policies in bringing

stabilization in the economy, Distribution Policy-Meaning, Does equity belong in

economics, allocation or distribution: Which comes first, approaches to distributive

justice, limits to redistribution, poverty alleviation-role of fiscal and monetary

policies in India in reducing distributional inequalities & regional imbalances.

15

4. Fiscal Policy

Objectives & instruments of fiscal policy, impact of Fiscal policy (tax, expenditure

and debt) on allocation and efficiency, distribution and redistribution, stabilization

and growth, interdependence of fiscal & monetary policies

15

5. Public Revenue

Meaning of tax, how taxes are different from other sources of revenue, inflation as

tax. Types and Classification of taxes, impact, shifting and incidence of taxes, canons

of taxes, base of tax. Laffer curve, Benefit & ability to pay approaches of taxes,

taxable capacity, tradeoff between equity and efficiency, incidence of taxes and

allocative efficiency, Excess burden of taxes\

20

Basic Reading List

1. Auerbach,A.J. and M Feldstern (Eds) (1985),Handbook of Public Economics, Vol-

I,North Holland,Amsterdem.

2. Bhatia, H.L., (2003), Public Finace, Vikas Publishing House Pvt. Ltd., New Delhi

3. Buchanan, J.M.C. (1970) The Public Finances, Richard D. Irwin, Homewood

4. Jha, R (1998), Modern Public Economics, Roultedge London.

5. Mankar, V.G. Public Finance - Theory and Practice.

6. Menutt, P (1996), The Economics of Public Choice, Edward Elgar, u.k

7. Musgrave and Musgrave (1976) Public Finance in Theory and Practice, Mcgraw Hill,


Title of Paper: Quantitative Economics


(%)

1. Concept and their application in Economic Analysis of; (a.) Economic Model (b)

Diagram (c) Equation- its types (d) Function – its types and (f.) Inequality –

Linear programming and it‟s Graphical solution.

30

2. Elements of Matrix, Algebra and their application in Economic Analysis;

Cramer‟s Rule; Inverse Matrix; Leontief Input- Output Analysis.

20

3. Set Theory: Types of Sets, Venn Diagrams;

Elements of Probability– Laws of Probability, Random Variable, Mathematical

Expaction – Property of Binomial and Normal Distribution.

20

4. Method of Data Collection and Presentation of Data; Frequency Distribution;

Measures of Central Tendency- Measures of Dispersion and their Application in

Economics Analysis. Lorenz Curve.

30

References

1. Ching A C; Fundamental Methods of Mathematical Economics, Mcgraw Hills,New York.

2. Gupta S C; Fundamental of Applied Statistics. S. Chand & Sons, New Delhi.

3. Grewal P S; Numerical Methods of Statistical Analysis, S P Pvt. Ltd., New Delhi.

4. Bose D.; An Introduction to Mathematical Economics, H P H. Bombay, Delhi.

5. Gupta C.B.; An Introduction to Statistical Methods, Delhi.

6. Dave M.B & Dr. Pandya K, Quantitative Methods of Economics, Popular, Surat

(Gujarati)

7. Patel R.K. & Patel L.B.; Business Statistic, C. Jamanadas Co. Ahmedabad.

8. Patel Balubhai; Dhandhakiya Ankadashastra, Uni. Granthnirman Board, Ahmedabad.

9. Zala M.L.; Arthshastrama Ganitshastra, Purbiti Prakashan, Vallabh Vidyanagar.

10. Dr. Jaiswal M.C.; Arthvishayak Ankadashastra, Uni. Granthnirman Board, Ahmedabad.

Elective Course 1

(Any One)


Title of Paper: Problems of Indian Agriculture


(%)

1. Pattern of Land Utilisation - Crop Production Pattern - Change in crop

Pattern - Trends in Productivity - Obstacles to Increasing Farm Production.

15

2. Animal Husbandry - Other animals: Their Growth and Pressure on Land -

Improvement in Breed - Cattle Products : Their Marketing Cooperation. 20

3. Market Organisation - Village and Terminal Markets - Market

Functionaries

Marketing Costs - Regulation of Markets - Cooperative Marketing - Storage

and Possessing - Marketable Surplus - State Trading.

25

4. Agricultural Finance - Farm Debts - Rural Credit Role of Reserve Bank-

Cooperative Credit - Long term Credit - Land Development Banks, Crop

Loans

25

5. Agricultural Labour - Employment - Wages - Conditions of work -

Minimum Wage- Problems of Farm Labour 15

Selected References :

1. Reserve Bank of India :Report of the All India Rural Credit Review Committee.

2. Tara Shukla : Capital formation in Indian Agriculture .

3. Tara Shukla (Ed. by) : "Economics of Underdeveloped Agriculture."

4. A. M. Khusro (Ed. by) : " Readings in Agricultural Development"

5. Ved P. Gandhi : " Tax Burden on Indian Agriculture."

6. Vadilal Dagli (Ed. by) : "Foundation of Indian Agriculture"

7. Annual Report of Currency and Finance-Published by Reserve Bank of India.

8. Monthly Journal of Agricultural Situation in India.

9. Special issue on Review of Agriculture published quarterly in the weekly

journal Economic and Political Weekly.

10. Quarterly Journal - Indian Journal of Agricultural Economics.

11. P. C. Bansil - "Agricultural Problems of India"


Title of Paper: Industrial Labour


(%)

1. Meaning and characteristics of Industrial labour and labour market

Labour absenteeism and labour turnover. 30

2. Trade union movement in India- significance, problems trade unions

Employment Policy in Five Year Plans and its evaluation.

30

3. Social security- Concept, Types and importance- Organization and

financing of social security- Status of social security in India.

20

4. Industrial Disputes- Types and Causes- Industrial peace- Prevention and

settlement measures for industrial unrest- Conciliation, mediation and

arbitrations as methods of industrial peace- Role of government in

union- management relationships.

20

Basic Reading List

1. Deshpande, L.K. P.R. Brahmanands, E.AG. Robinson, (Eds.) (1983), Employment Policy

in a Developing Economy, Vol. 1 & 2, Macmillan, London.

2. Hicks Jr. (1932), The Theory of Wages, Clarendon Press, Oxford.

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

4. McConn1ck, B. and Smith (Eds.) (1968), The Labour Market, Penguin, Harmondsworth.

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

Allahabad.

6. Papola, T.S., P.P. Ghosh and AN.Slrranna (Eds.) (1993), Labour, employment and

industrial relations in India, B.R. Publishing Corporation, New Delhi.

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

Himalaya Publishing House, Bombay.

8. Sharma AN. and A. Kundu (Eds.) (2001), Informal Sector in India: Emerging

Perspectives, Institute for Human Development, New Delhi.

9. Singh, VB. (1970), Industrial Labour in India, Popular Prakashan, Bombay.


Title of Paper: Environmental Problems of India


(%)

1. Environmental Implications of Urbanisation - Extent and trends of urbanisation in

India and consequent environmental issues, suggested policy measures,

20

2. Air Pollution in India-Ambient air quality standards for various locations, sources

and magnitude of air pollution, measures to control air pollution,

20

3. Households and the Environment

Demand side factors in environmental degradation, role of households,

consumption, energy use, use of plastics, sewerage, solid waste disposal, tourism

etc, policy measures implemented and suggested.

10

4. Land Resources in India and Environmental Impact of Use of Chemical

Fertilisers and Pesticides in India - Land resources in India, optimum land use

pattern and environment, extent and magnitude of land degradation, policy and

operational measures to conserve land resources. Use of chemical fertiliser and

pesticides on agriculture and its impact on the environment, land, water and air

quality

20

5. Forest Resources in India

Extent and development of forest resources in India, magnitude of deforestation

and degradation, causes, policy anomalies and conflicts related to forest dwellers,

forest dependent livelihoods, India‟s Forest Policy since independence, suggested

measures to conserve and promote forestry.

10

6. Water Resources in India

Nature and development of water resources in India, environmental issues in the

water sector; agriculture, industry and municipal use; management of water

resources in India.

20

Basic Reading List

1. Asian Development Bank (ADB) (2000). India: Mainstreaming Environment for

Sustainable Development.



3. Kerr, John M. et al (1997). Natural Resource Economics: Theory and Applications in

India, Oxford & IBH Publishing Co. Pvt. Ltd., New Delhi.

4. Lesser, J.A. et al. (1997). Environmental Economics and Policy, Addison-Wesley.

5. Murty, M.N., A. James and S. Mishra, (1999), The Economics of Water Pollution in

India, Oxford University press, New Delhi.

6. Panayatou, Theodore (1992). The Economics of Environmental Degradation: Problems,

Causes and Responses. Green Markets: The economics of Sustainable Development.

International Centre for Economic Growth, ICS Press, San Francisco.

7. Pearce, D.W. and R. Kerry Turner (1993). Economics of Natural Resources and the

Environment, The Johns Hopkins University Press, Baltimore, USA.

8. Sankar, U. (Ed.) (2001). Environmental Economics, Oxford University Press.

9. Sengupta, R.P. (2001). Ecology and Economics: An Approach to Sustainable

Development. Oxford University Press, New Delhi.

10. World Bank (1992). Development and the Environment- World Development Report-

1992, Oxford University Press.

11. World Bank (1993), The World Development Report: Investing in Health, Oxford

University Press New York.

12. World Bank (1995). Economic Developments in India: Achievements and Challenges,

Washington DC.

13. World Resources Institute (WRI) (1993). Dimensions of Sustainable Development, in

World Resources- 1992-93, Washington DC.

Elective Course 2

(Any One)


Title of Paper: Theory of Finance


(%) 1.

Financial system and Financial Intermediaries

Financial assets and Tangible assets, rudimentary finance –direct and

indirect finance, Types of economic units, Surplus spending and deficit

spending economic units –Economic significance of financial

intermediaries in saving-investment process and economic development

18

2.

The Developments banks

Meaning and functions – Characteristics of development banks - Structure

of Development Banks - Development banking in India

10

3.

Interest Rate Structure

Interest Rates - Relation between Short term and long term interest rates-

Factors causing differentials among interest rates-Maturity, Risk,

Callability, Taxability, Marketability, Other factors

18

4.

Credit Rating

Meaning and Origin –Importance of Credit Rating from the point of view

of Investors and Procedures-Drawbacks-Suggestions

9

5.

Financial Behaviour

Life cycle behaviour, Intergeneration generation transfer- Asset

management under uncertainty- Asset holders investment Objectives-

Correlation among security Returns-asset diversification- Meaning of risks,

types of risks, risk-return trade off -Efficient portfolio- Portfolio balance

9

6.

Financial Assets/Instruments

Significance-Equity/ordinary shares, Preference shares, Debentures,

Innovative Debt instruments

18

7.

Non-bank financial intermediaries

Meaning-Significance-Structure (NBFIs)-commercial banks and NBFIs-

Uniqueness -functions and role of NBFIs- NBFIs and monetary policy-

NBFIs and credit creation-control of NBFIs

9

8.

Mutual Funds

Concept-Origin-History-Types of Mutual Fund, Merits and demerits-

Advantages of investing in Mutual fund-Net Asset Value- Methods of

calculation of unit price

9

References

1. Basu S.K., Theory and Practice of Development Banking.

2. Bhatt V.V., Structure of Financial Institutions.

3. Bhatt V.V., Financial Systems, Innovations and Development

4. Bhole L.M., Financial Markets and Institutions

5. Boskey, Shirley, Problems and Practices of Development Banks

6. Chandler L.V., The Economics of Money and Banking

7. Conghlan Richard, The Theory of Money and Finance

8. Desai Vasant., Fundamentals of Indian Financial System

9. Desai V.R.M. and Ghonasgi B.D. (ed) Monetary Theory and Central Banking in India

10. Diamond William, Development Banks

11. Goldsmith R.W. Financial Intermediaries in the American Economy since 1900.

12. Ghosh Alak, Financial Intermediaries and Monetary Policy in a Developing Economy

13. Gurley J.G. and Shaw E.S. Money in a Theory of Finance

14. Joshi M.S. Financial Intermediaries in India

15. Khan M.Y., Financial system, Theory and Practice

16. Moore Basil J., An Introduction to the Theory of Finance

17. Pathak Bharti V., Indian Financial System

18. Reserve Bank of India, Report of the committee on financial inclusion

19. Sharpe W.F., Portfolio Theory and Capital Market

20. Shaw E.S. Financial Deepening inEconomic Development

21. Simha S.L.N. Development Banking in India

22. Singh Prabhu N., Role of Development Banks in a Planned Economy

23. Srinivasan E.S., Financial Structure and Economic Development


Title of Paper: Socio - Economic Survey Methods


(%)

1. Meaning and scope of socio-economic survey - types of survey -

objective and importance of socio - economic survey in India. 15

2. Planning of socio-economic survey - the main planning problems - pilot

survey documentary sources, secondary and primary data.

15

3. Coverage of survey - universe, idea and advantage of sampling - census

and sample survey - accuracy, bias and precision - sampling distribution

and standard error - confidence interval, - measure of efficiency of

sampling design. Types of sampling design

25

4. Questionnaire / Schedule - general principles of design - questionnaire -

Schedule - difference between questionnaire and schedule - question

content, factual question, opinion question, open and pre-coded question,

question Wording- characteristics of idle questionnaire - schedule.

20

5. Interviewing technique - meaning and types of interviewing - necessary

condition for successful interview- formal and informal interviewing-

interviewer's task - selection and training.

15

6. Processing of data - classification - tabulation - interpretation of table and

relationship.

10

Reference Books

1. Sir Claus Moser & G. Kalton; Survey Methods on Social Investigation.

2. Goode W.J. & Hatt P.K. - Methods in Social Research

3. Gaitung J. - Theory and Methods of Social Research

4. Cochran W.G. - Sampling Techniques

5. Glock C.Y., - Survey Research in Social Science


Title of Paper: Development Of Co-Operative Movement In India


(%)

1. Growth of co-operative Movement in India

Policy relating to co-operation – Development of Co-operatives under the Five

Year Plans.

15

2. Agricultural Co-operative Credit

Short term, medium term- Primary Agricultural Credit Societies (PACS)-

Service Co-operative Banks: Objectives, functions, working progress- National

Federation of State Co-operative Banks: Objectives, activities, achievements,

prospects and problems.

20

3. Long term Co-operative Credit

State / Central Co-operative Land Development Banks: Number and

membership, working capital, losses, over-dues and recovery.

20

4. Different Types of Co-operative Societies:

a. Industrial Co-operatives,

b. Fishery Co-operatives,

c. Housing Co-operatives,

d. Consumer Co-operatives,

e. Fertilizer Co-operatives (IFFCO, KRIBHCO)

g. Dairy Co-operatives

25

5. Co-operative Education, Training and Information

Need and information of co-operative education- Arrangement for co-operatives

education & training in India- National Co-operative Union of India (NCUI)-

National Council for Co-operative Training (NCCT)- Vaikuth Mehta National

Institute of Co-operative Management (VAMNICOM)- State Co-operative

Unions- District Co-operative Unions- Co-operative education for members:

Committee members, potential members, leadership, youth and women-

International Co-operative Alliance (ICA).

20

References:

1. Das T.R. and K.K. Sen, Co-operatives and Economic Development, Rawat Publication, Jaipur and New Delhi.

2. Dwivedi R.C., Jawaharlal Nehru‟s Vision on Co-operatives, New Delhi.

3. Gohel B.B., Management of Marketing Co-operatives, Deep and Deep Publication, New Delhi. 4. Jha D., In Search of Co-operative Values, Vikas Publishing House Pvt. Ltd., New Delhi.

5. Jain P.K., Marketing Management of Co-operative Sector in India, Krishna Publishing House,

New Delhi. 6. Kainth G.S., India‟s Rural Co-operatives, Regency Publication, New Delhi.

7. Kulkarni S.R., Urban Co-operative Banks, Anmol Publications Pvt. Ltd., New Delhi.

8. Mathur B.S., Co-opeartive marketing in India, Sahitya Bhavan, Agra.

9. Mishra Baidyanath, Co-operative Movement in India, APH Publishing Co., New Delhi. 10. NDDB, AMUL: A Success Story, Anand.

11. Pathania K.S., Managament of Co-operative Finance in India, Anmol Publications Pvt. Ltd., New

Delhi.

12. Saksena K.P., Co-operation in Development, Sage Publication, New Delhi.

13. Saxena K.K., (1974), Evolution of Co-operative Thought, Somaiya Publication Pvt. Ltd., New

Delhi.

Paper Code: PA03EECO07 Total

Credit: 4 Title of Paper: Research Methodology and Computer Application in Economics



(%)

1. Concept and Scope of Socio – Economic Survey, Kinds of Survey, Goals and

Importance of Socio- Economic Survey in India, Planning of Socio-

Economic Survey, Planning Problem, Pilot Survey, Documentary Sources

25

2. Hypothesis and Testing of Hypothesis: Concept of Hypothesis, Significance

of Hypothesis, Types, Concept of Significance Level and Confidence Level,

Use of Computer for Testing of Hypothesis

25

3. Statistical Analysis and Statistical Analysis with Spreadsheet: Mean. Median,

Mode, Dispersion, Correlation, Regression, Introduction to SPSS, some Basis

Commands and Data Entry Defining Variables, Basis Statistical analysis-

Changing tools

35

4. Web Page Designing: Introduction, HTML- Introduction, Page Structure,

HTML Tags- Manipulating Header, Footer, Colour, Alignment, Paragraph

etc.- List, Tables, Image, Hyperlinking- New Softwares

15

References:

1) Kothari C.R. (2009), “Research Methodology- Methods and Techniques”, New Age

International Publishers, New Delhi


3) Raiyani J. R. (2012), “Research Methodology- Theory and Techniques”, New Century


4) Verma R. K. & Verma G. (1989), “Research Methodology”, Commonwealth Publishers,

New Delhi



7) Gupta S C; Fundamental of Applied Statistics. S. Chand & Sons, New Delhi.

8) Grewal P S; Numerical Methods of Statistical Analysis, S P Pvt. Ltd., New Delhi.

9) Bose D.; An Introduction to Mathematical Economics, H P H. Bombay, Delhi.

10) Gupta C.B.; An Introduction to Statistical Methods, Delhi.

11) Patel R.K. & Patel L.B.; Business Statistic, C. Jamanadas Co. Ahmedabad.

12) Patel Balubhai; Dhandhakiya Ankadashastra, Uni. Granthnirman Board, Ahmedabad.

13) Zala M.L.; Arthshastrama Ganitshastra, Purbiti Prakashan, Vallabh Vidyanagar.

14) Dr. Jaiswal M.C.; Arthvishayak Ankadashastra, Uni. Granthnirman Board, Ahmedabad.

15) Douglas E. Commer (2000), “The Internet”, PHI, Second Ed.

16) Sir Claus Moser & G. Kalton; Survey Methods on Social Investigation.

17) Goode W.J. & Hatt P.K. - Methods in Social Research

18) Gaitung J. - Theory and Methods of Social Research

19) Cochran W.G. - Sampling Techniques

20) Glock C.Y., - Survey Research in Social Science

21) Xavier C. (2000), “World Wide Web Design With HTML”, Tata McGraw Hill

Publication, Kolkata



Title of Paper: Economics of Livestock Farming


(%)

1. Importance of Livestock Sector and Dairy Cooperatives – Development of

Milk Cooperatives in Gujarat and India

25

2. Dairy development during five year plans and its achievements,

drawbacks and future lessons

15

3. Livestock Farming recommendations, practices and local level

experiences – Case Studies of successful livestock farming and common

grazing land

30

4. Factors affecting livestock development – Measures for promotion of

livestock – Threats to livestock development in Gujarat – Suggestions for

development of Livestock Sector

30

References:

1) Shukal, K. C. (1973), Vyavharu Gopalan, Ahmedabad: University Granth Nirman Board,

Gujarat State

2) Trivedi, H. P. (1996), “Milk Cooperative in India- Some Major Issues”, in Arth-Vikas,

Vol-32, No.-2, July-December,Vallabh Vidyanagar: Department of Economics, S. P.

University

3) Vaidyanathan, A. (1992), Issues in Animal Husbandry and Dairying, in Dairy India,

published by P. R. Gupta, New Delhi

4) Savani A. V.; P. K. Shah & Bhavna Joshi, Dairy Farmno Bomiyo, Published by Rural

Development Section, Gujarat State and AMUL, Anand

5) Government of India: Various Five Year Plans, Planning Commission, New Delhi


as follows:



Semester –IV


3 Core Courses PA04CECO01 Economics of

Development and

Planning

04 70 /28 30 100/40

PA04CECO02 Indian Public

Economics- Theory and

Policy

04 70 /28 30 100/40

PA04CECO03 Quantitative Economics 04 70 /28 30 100/40

Elective

Course-1 (Inter

Disciplinary

Course)

PA04EECO01 Human Development 04 70 /28 30 100/40

Elective

Course-2 (Inter

Disciplinary

Course)

PA04EECO02 Environmental

Protections in India

04 70 /28 30 100/40

Self Study &

Soft Skills

Course

PA04SECO03 Indian Economy 04 70 /28 30 100/40

Comprehensive

Viva


Total 25

Semester –IV

Core Courses


Title of Paper: Economics of Development and Planning

Unit Description in Detail Weightage (%)

1. Critical Minimum Effort Thesis- Leibenstein.

The theory of balanced growth- Nurkes‟ view- criticism of

balanced growth.

Backward linkage, forward linkage and the theory of unbalanced

growth-

30

2. Rostow‟s Stages of Economic Growth. 15

3. Choice of techniques in underdeveloped economies.

Myrdal‟s theory of circular causation- Regional inequalities-

International Inequalities- A critical appraisal.

25

4. Mrs. Robinson‟s Golden Age.

Harrod-Domar model- requirements of steady growth-

applications of these models to underdeveloped countries.

20

5. Problems of economic development in a mixed economy like

India.

10

6. Current thinking on economic development.

Basic reading List:

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

Press, Stanford.

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

3. Kindle Berger, C.P.(1977), Economic Development, Mc-Grew Hill, New York.

4. Thriwal A.P. (1999), Growth and Development, Macmillan, U.K.

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

Oxford.

6. Chakravarti S.(1982), Alternative Approaches to the theory of Economic Growth, Oxford

University Press, New Delhi.

7. Meier G. M. (1995), Leading Issues in Economic Development, Oxford University Press,

New Delhi.

8. „World Development Report- WDR‟- World Bank

9. „Human Development Report- HDR‟- UNDP


Title of Paper: Indian Public Economics- Theory and Policy


(%) 1. Public Expenditure

Wagner's law of increasing state activities, Peacock hypo thesis,

Musgrave's views, pure theory of public expenditure, structure and

growth of public expenditure. Indian experience, Reforms in

expenditure management, criteria for public investment; social cost

benefit analysis, types of benefits and costs & their measurement

25

2. Public Debt

Meaning, need and sources of public debt, Classical view, Burden of

public debt, “debt trap”, present and future generations;, debt

through created money, price level & public debt, crowding out of

private investment & activity; trends of public debt in India, India's

debt burden, methods of debt management & repayment, different

concepts of deficits & their importance, meaning and need for deficit

financing, problems of deficit financing

25

3. Fiscal Federalism

System of Indian Federal Finance, Finance- Commission & Planning

Commission: Resources transfers criteria, devolution of resources

and grants between States and Center and problems of this system,

Current Finance Commission,

25

4. Indian Public Finance

Sources of revenue of Union, States & local bodies, Indian tax

system- major taxes, taxation of agriculture, expenditure tax, service

tax, VAT-Modvat, CENVAT, MAT, Reforms in direct and indirect

taxes-Recommendations of Raja Chelliah Committee, Other Fiscal

Reforms, Non-tax revenue, Budget: Its preparation, significance,

analysis, recent Union Government budget.

25

Basic Reading List 1. Bagchi; Amresh; Bajaj; J.C. and Byrd, W. A (1992), States Finance in India, Vikas Pub.House.

2. Chelliah, Raja (1997) Tax Reforms Committee-Final Report, Govt. of India, Ministry of Finance.

3. Goode, R.(1996) Government Finance in Developing Countries, Tata Mc Grave . Hill, N Delhi.

4. Govt. of India, Ministry of Finance, An Economic and Functional Classification of Central Govt Budgets.

5. Govt. of India, Economic Surveys of different years.

6. Govt. of India, Speeches of Union Finance Ministers, Ministry of Finance. 7. Prasad, R.C (1987) Agricultural Taxation and Economic Development, Deep and

Deep Pub.

8. Sury, M.M. (2000) fiscal policy Developments in India: 1950-2000 Indian Tax Institute

9. R.V. Shastri, R.C. Joshi, K.J. Munshi, M.V. Joshi, (1993-94), Rashtriya Artha Vidhan, Popular Prakashan, Surat.

10. Trivedi Ravishankar (anuvadak) (1978) Musgrave,Richard A, Jaher Arthvidhanna

Siddhanto,University Granth Nirman Board.


Title of Paper: Quantitative Economics


(%)

1.

Elements of Differential Calculus and their utility in Economic Analysis.

Such as establishment of relationship between AR & MR; AC & MC;

AR, MR & Elasticity; Optimisation conditions; Estimation of Elasticity &

Marginal Value etc. Meaning of Differential Derivative, Rules of

Differentiation, Second order Derivative, Partial Derivative, Total

Derivative, Total Differential and their utility in Economic Theory.

30

2.

Simple Correlation: types of Correlation, Scatter Diagrams, Coefficient of

Correlation – Product Moment Method and Rank Correlation Method,

Probable Error and Explanation of Co-Efficient of Correlation, And Its

Application in Economics.

25

3. Regression and its Application in Economic Analysis. Relationship

between Attributes

25

4. Index Numbers, Importance, Utilisation of Index Numbers in Economic

Analysis, Problems in Construction of Index Numbers, Methods of

Construction of various type Of Index Numbers.

20

References:

1. Ching A C; Fundamental Methods of Mathematical Economics Mcgraw Hills, New York.

2. Gupta S C;Fundamentals of Applied Statistics. S.Chand & Sons. New Delhi.

3. Grewal P S; Numerical Methods of Statistical Analysis. S P Pvt Ltd., New Delhi.

4. Bose D.; An Introduction to Mathematical Economics. H P H. Bombay, Delhi

5. Gupta C.B.; An Introduction to Statistical Methods, Delhi.

6. Dave M.B & Dr. Pandya K, Quantitative Methods of Economics, Popular, Surat

7. Patel R.K. & Patel L.B.; Business Statistic, C. Jamanadas Co. Ahmedabad.

8. Patel Balubhai; Dhandhakiya Ankadashastra, Uni. Granthnirman Board, Ahmedabad.

9. Zala M.L.; Arthshastrama Ganitshastra, Purbiti Prakashan, Vallabh Vidyanagar.

10. Dr. Jaiswal M.C.; Arthvishayak Ankadashastra, Uni. Granthnirman Board, Ahmedabad.

Elective Course 1 (Interdisciplinary Course)


Title of Paper: Human Development


(%)

1. Concept of human development, difference between human development and

various earlier concepts of development, human development index, 20

2. Role of UNDP in Human development research and World Human

Development Reports, dimensions and methodology of calculation of human

development index-life expectancy index, education index and adult literacy

index, issues and concerns regarding calculation of HDI, data requirements for

calculation of HDI, HDI in India, HDI in Gujarat

20

3. Education and Human development-importance of education in human

development, education policy, measures to strengthen education for achieving

higher level of human development

10

4. Income as a parameter of human development, income distribution,

occupational pattern, employment and its impact on human development 10

5. Health Status and human development, various indicators of health status,

importance of health and its implications for human development

10

6. Gender and Human development, gender related development index

(GDI),gender empowerment measure (GEM), calculation of gender related

development index (GDI),gender empowerment measure (GEM), measures to

improve gender component of human development

10

7. Vulnerability in human development, concept, inadequacy of natural or other

resources, approaches to protect people against vulnerability, evaluation of

programmes and policies to target vulnerable population

10

8. The way ahead in human development-measures to improve human

development

10

References:

1. Anand Sudhir & Sen, Amartya K. (1994), “Human Development Index: Methodology and

measurement”, Occasional papers, Human Development Report Office, New York, July. 2. Bhatt, Babaraju K. (2004), “Population and Human Development – Indian Context”, Vishleshan,

Vol. 29, No. 3, July- September.

3. District Human Development Repot of Dangs district in Gujarat, unpublished report by Sardar Patel University, Vallabh Vidyanagar

4. Dr. Yogesh Vansiya (2008), “Exploration of Human Development in Gujarat”, Popular

Prakashan, Surat, Gujarat. 5. GoG, “Socioeconomic Review of Gujarat State, various issues

6. GoG, “Statistical Abstract of Gujarat State, various issues

7. Government of Uttar Pradesh, Human Development Report, 2003

8. Gujarat Human Development Report (2004), Mahatma Gandhi Labour Institute, Ahmedabad 9. Joshi, G. N. (1997), “Manavvikas Aank Ane Aarthikvrithi”, Vishleshan, April, pp. 68-78.

10. Jhingan M. L., (1986), “The Economics of Development and Planning”, Konark Publication, New

Delhi. 11. World Human Development Reports, issues of various years

Elective Course 2 (Interdisciplinary Course)


Title of Paper: Environmental Protections in India


(%)

1. Meaning of Environmental Protection Importance of environment –

environmental pollution (Human being-Society-farmers industrialist -

service providers) Protectors of environment (Human being-Society -

Farmers-Industrialists service providers-NGOs-Government-International

agencies)

10

2. Role of human being in protecting environment-consumption pattern

efficiency in use of various commodities/services- performers for eco-

friendly products/use practices attitude towards environment and

society.

15

3. Society and environment-Socio-Cultural activities versus environmental

pollution / protection. Evaluation of the efforts to protection environment

against various socio-cultural activities in the country. (Holy/Dhuleti/

Ganesh idoles/electricity use on death/etc.)

15

4. Farmers and environmental protection farming activities leading to

environmental pollution-alternatives to reduce or avoid pollution the

extent of various environmental protection activities in Indian agriculture

Measures to promote environmental protection.

20

5. Industrialists and environmental protection-industries and various

industrial activities causing environmental pollution-alternatives to

reduce or avoid pollution-the extent of various environmental protection

activities among industries in India-Measures to promote environmental

protection.

20

6. Services and environmental protection-Activities of various service viz.,

Health & transportation services polluting environment-extent of

pollution by them- the extent of environmental protection practices

followed by the polluters-measures to support environmental protection

activities. (Governmental and Nongovernmental efforts for protecting

environment in the Country)

20

References :

1. Asian Development Bank (ADB) (2000). India: Mainstreaming Environment for

Sustainable Development.

2. Baumol, W.J. and W.E. Oates (1988). The Theory of Environmental Policy, Cambridge

University Press.



4. Bromley, Daniel W. (Ed.) (1995). Handbook of Environmental Economics, Blackwell

Publishers.

5. Callan, S.J. and J.M. Thomas (2000). Environmental Economics and Management:

Theory, Policy and Applications.

6. Dixon, J.A. et al. (1994). Economic Analysis of Environmental Impacts. Earthscan

Publications Ltd., London.

7. Field, Barry C. and Martha Field (2002). Environmental Economics: An Introduction (3rd


8. GoI (1999). Economic Survey-1998-99: Promoting Sustainable Development: Challenges

for Environment Policy, New Delhi.

9. Hanley, N. et al. (2001). Introduction to Environmental Economics, Oxford University

Press, New York.

10. Khakhhar, K.K., “ Paryavaraniya Arthashastrana Payana Siddhanto”, (2004), Adarsh

Printing Press, Rajkot.

11. Tietenberg, Tom (2001). Environmental Economics and Policy, Addison-Wesley.



Title of Paper: Indian Economy


(%)

1.

Economic Development and Population Growth

Theory of Demographic Transaction- The Micro Economics Theory of

Fertility – Population Growth and Economic Development- National

Population Policy of India- Controlling Population Growth.

25

2.

Human Capital and Occupational Structure

Human Capital- Meaning, Importance, Progress and Suggestions

Economic Development and Occupational Structure- Unemployment:

Causes and Remedies, Government Employment Policy- Poverty and

Inequality: Causes and Remedies

25

3. Industrialisation: Role of Industrialization, Industrial Pattern, Growth,

Problems and Policy- Economic Reforms- Public sector- Disinvestment-

Privatization.

25

4.

Agriculture Sector: Role, Main Features, Productivity, Trends and Crop

Pattern- Green Revolution- Land Reforms-Agricultural Inputs- National

Agricultural Policy-2000

25

References:

1) Agrawal, A. N. (2009), Indian Economy- Problems of Development and Planning, New

Delhi: New Age International Publishers

2) Datt, R. & K.P.M. Sundharam (2007), Indian Economy, New Delhi: S. Chand &

Company Ltd.

3) Kapila U., (2006-07), Indian Economy Since Independence, New Delhi: Academic

Foundation.

4) Bhatt, B. M. (1991), Bharatni Arthik Samasyao, Ahmedabad: University Granth Nirman

Board.

5) Patel, B. S. & K. A. Bhatt (2002), Bharatiy Arthashastra, Ahmedabad: C. Jamanadas

Company.

6) Patel, R. C. & Others (1992), Industrial Economics, Surat: Popular Prakashan

7) John W. Mellor, Economics of Agricultural Development

8) T. W. Schultz, Transforming Traditional Agriculture

9) E. D. Heady, The Economics of Agricultural Production and Resource use

10) C. E. Bishop and W. D. Toussaint, Tonaint-Introduction to Agricultural Economic

Analysis

11) Reserve Bank of India :Report of the All India Rural Credit Review Committee.

12) Tara Shukla : Capital formation in Indian Agriculture .

13) Tara Shukla (Ed. by) : "Economics of Underdeveloped Agriculture."

14) A. M. Khusro (Ed. by) : " Readings in Agricultural Development"

15) Vadilal Dagli (Ed. by) : "Foundation of Indian Agriculture"

16) Annual Report of Currency and Finance-Published by Reserve Bank of India.

17) Monthly Journal of Agricultural Situation in India.

18) Special issue on Review of Agriculture published quarterly in the weekly journal -

Economic and Political Weekly.

19) Quarterly Journal - Indian Journal of Agricultural Economics.


as follows:



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