Module V: Allocation of Resources and Web view4.Dornbusch, Fischer ... Operating System-salient...
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KRISHNA UNIVERSITY
M. A. Economics Syllabus
(I SEMESTER to IV SEMESTER)
Semester-I
NAME OF THE SUBJECT SUBJECT CODE
INTERNAL MARKS
Semester End Exam Marks
Total
No. of Hours/Week
No.of
Credits/
Week
1. Micro Economic Analysis I ECO101
30
70
100
6
5
2. Macro Economics Analysis I ECO 102
30
70
100
6
5
3. Public Economics I ECO103
30
70
100
6
5
4. Evoluation of Economic Doctrines ECO 104
30
70
100
6
5
5. Mathematical Methods ECO105
30
70
100
6
5
TOTAL
150
350
500
30
25
SEMESTER - II
1. Micro Economics Analysis-II ECO201
30
70
100
6
5
2. Macro Economic Analysis II ECO202
30
70
100
6
5
3. Public Economics II ECO203
30
70
100
6
5
4. International Economics ECO204
30
70
100
6
5
5. Statistical Methods ECO205
30
70
100
6
5
TOTAL
150
350
500
30
25
Semester-III
1. Economic Growth and Development ECO301
30
70
100
6
5
2. Indian Economy ECO302
30
70
100
6
5
3. Environmental Economics ECO303
30
70
100
6
5
4. Optionals I A (OR) B
A)Agicultural economics ECO304(A)
30
70
100
6
5
B) Industrial Economics ECO304(b)
30
70
100
6
5
5) Optionls II (C OR D)
C)Rural Development ECO305 (C)
30
70
100
6
5
D) Labour Economics ECO305(D)
30
70
100
6
5
150
350
500
30
25
Semester-IV
1. Economics of Infrastructure ECO401
30
70
100
6+1
5
2. Human Resource Management ECO402
30
70
100
6+1
5
3. Computer Applications in Economics ECO403
30
70
100
6+1
5
4 Optionals I (A or B)
a) Urban Economics ECO404 (A)
30
70
100
6+1
5
b) Demography ECO 404 (B)
30
70
100
6+1
5
5.Elective II (C or D)
C )Regional Economics & Area Planning ECO405 (C)
30
70
100
6+1
5
D) Gender Economics and Development ECO405 (D)
30
70
100
6+1
5
TOTAL
150
350
500
35
5
TOTAL NUMBER OF CREDITS
S.NO
SEMESTER
CREDITS
1
I
25
2
II
25
3
III
25
4
IV
25
TOTAL
100
INTERNAL ASSESSMENT PROCEDURE
THEORY
INTERANAL TESTS
20MARKS
ASSIGNMENTS/SEMINAR/GROUP DISCUSSION
5 MARKS
ATTENDENCE
5 MARKS
TOTAL
30 MARKS
Interenal Evaluation: The internal component of 30 marks will be assessed with 4 internal assessment examinations for twentymarks (4X5 = 20) and the other 10 marks be allotted for seminars/assignments (5 marks) and attendance (5 marks)
PASSING STANDARDS FOR PG ECONOMICS COURSE
Theory external 70% and internal 30%
Minimum required external 40%
Total (External +Internal) 40%
M.A. ECONOMICS
SEMESTER -I
PAPER- I MICRO ECONOMIC THEORY- I
Module I: Introduction to Microeconomic Theory
The Economic Problem: Scarcity and Choice; Positive and Normative Economics Characterstics of an equilibrium and Disequilibrium systems. Law of demand Elasticity of demand. Consumer behavior Cardinal, Ordinal Utility- Law of Diminishing Marginal Utility, Law of equi Marginal Utility Consumers Surplus.
Module II: Consumer Behaviour:
Utility - Indifference curves (income and substitution effects) Slutsky theorem, Revealed preference theory, Revision of demand theory by Hicks, Consumers choice involving riskRecent developments in demand analysis (pragmatic approach and linear expenditure systems, Inter temporal consumption- Cobweb theorem
Module III: Theory of Production
Basic concepts- Production function ; Linear Programming in production technology- Homogeneous and homothetic production functions; Law of Variaable proportions - returns to scale, Eulers theorem, Cobb-Douglas, CES, Trasnslog Leontiefs Production Functions ;
Module IV: Cost functions
Cost functions- short run and long run; Traditional and modern theories of costs - Profit maximization. Baumols sales revenue maximization model; Williamsons model of managerial discretion. Marris model of managerial enterprise, Bains limit pricing theory.
Module V: Market Structure:
Markets under perfect competition; short run and longrun equilitbrium of firm and industry; market equilibrium; Stability of equilibrium; Dynamic adjustments; Monopoly; Monopsony; Discriminating Monopoly, Monopolistic Competition; Duopoly and Oligopoly- Cournot, Stackelberg, Kinked Demand Curve
READING LIST
1. Koutsoyiannis A. (1979), Modern Microeconomics, MacMillan, University of Michigan, USA
2. Baumol, W.J. (1982), Economic Theory and Operations Analysis, Prentice Hall
of India, New Delhi. 2.Green, H.A.G. (1971), Consumer Theory, Penguin,
Harmondsworth. 3. Henderson, J.M. and R.E. Quandt (1980), Microeconomic
Theory: A Mathematical Approach, McGraw Hill, New Delhi.
3. Da Costa, G.C. (1980), Production, Prices and Distribution, Tata McGraw Hill, New Delhi. 2. Healthfields and Wibe (1987), An Introduction to Cost and Production Functions, Macmillan, London. 3. Hirshleifer, J and A. Glazer (1997), Price Theory and Applications, Prentice Hall of India, New Delhi.
4. Archibald, G.C. (Ed.) (1971), Theory of the Firm, Penguin, Harmondsworth
5. Da Costa, G.C. (1980), Production, Prices and Distribution, Tata McGraw Hill, New Delhi.
6. Hirshleifer, J and A. Glazer (1997), Price Theory and Applications, Prentice Hall of India, New
Delhi.
7. Archibald, G.C. (Ed.) (1971), Theory of the Firm, Penguin, Harmondsworth.
8. Bain, J. (1958) Barriers to New Competition, Harvard University Press, Harvard.
M.A., ECONOMICS
SEMESTER I
PAPER II: MACRO ECONOMIC Theory -I
MODULE 1 : NATIONAL INCOME AND ACCOUNTS
Circular Flow of Income in two- three-and four-sector economy; different forms of national income accounting- social accounting, input output accounting, flow of funds accounting and balance of payments accounting GNP Deflator.
MODULE 2 : CONSUMPTION FUNCTION
Determination of out put and employment classical and Keyneans approach; Keynes Psychological law of consumption implications of the law; short-run and long-run consumption function; Empirical evidence of consumption function; Income-consumption relationship-absolute income, relative income, life cycle and permanent income hypotheses.
MODULE 3: INVESTMENT FUNCTION
Determinants of Investment Capital and Investment Accelerator Principle, Marginal Efficiency of Capital Acceleration.
MODULE- 4 : Demand for money
Classical approach to demand for money Quantity theory approach Fishers equation Cambridge cash balances approach Keynes Liquidity preference approach aggregate demand for money.
MODULE -5 : THEORY OF INFLATION
Cost-push and demand pull inflations - Philips curve analysis Short run and long run Philips Curve; The natural rate of unemployment hypothesis.
MODULE 6 : RECENT DEVELOPMENTS IN MACROECONOMICS
Supply side economics, New Classical Economics, New Keynesian Economics The ISLM Model.
BASIC READING LIST:
1. Ackley, G. (1978), Macroeconomics: Theory and Policy, Macmillan, New York.
2.James Froyen: Macroeconomics, McGraw Hill, New York.
3.Edward Shapivo: Macroeconomics, McGraw Hill, New York.
4.Dornbusch, Fischer and Startz, Macroeconomics, Tata McGraw Hill, New Delhi.
5.Duesenberry, J.S. (1949), Income, Saving and the Theory of Consumer
Behaviour, Harvard University Press, Harvard.
6.Keynes, J.M. (1936), The General Theory of Employment, Interest and Money, Macmillan, London.
7.Chakravarty, S.C. (1985), Report of the Committee to Review the Working of the Monetary System, Reserve Bank of India, Bombay.
8 .Gurley, J and E.S. Shaw (1960), Money in a Theory of Finance, Brookings Institution, Washington.
9.Reddy, Y.V. (2000), A Review of Monetary and Financial Sect
