MA Economics handbook Jan 2022.pdf

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Center for Distance Education & Virtual Learning
JAIN (Deemed-to-be University)
(Distance Learning Programs)
Master of Arts - Economics
Student Handbook
Jan – 2022
* The University reserves its right to update / change any part of these regulations as approved
by the competent authority

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Table of Content
SN Particulars Page Number
1 Foreword 3
2 Welcome Letter 4
3 Introduction 5
4 Over view & About the Program 6-7
5 Academic Learning Approach 8-10
Program Specific Outcomes 11
6 Assignments 12-14
7 Self-Learning Material (SLM) 15
8 Learner Support Center (LSC) 16-25
9 Guidelines for online MCQ Tests 26-29
10
Guidelines to upload Descriptive Answer Scripts
in LMS
30-32
11 Admission to PG Programs 33
12 Academic Integrity & Ethics 34
13 Redressal of Grievances 35
14 Course Matrices 36-37
15 Semester I Syllabus 38-48
16 Semester II Syllabus 49-59
17 Semester III Syllabus 60-70
18 Semester IV Syllabus 71-81
19 Guidelines of Dissertation Synopsis & Project 82-83

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FORE WORD
The Centre for Distance Education and Virtual Learning of JAIN (Deemed-to-
be University) has launched Distance Learning programmes to promote
seamless learning across various faculties with the vision:
“To make societal impacts through increased access through quality
education”
In order to facilitate distance learners, the Center for Distance Education and
Virtual Learning, Jain (Deemed-to-be University) follows its mission:
 Contributing to democratization of higher education through Distance
Education.
 To provide access to quality higher education to redress social and
educational inequality
 Enhancing flexibility and student centric educational opportunities
 To make education a lifelong activity for all sections of society
Our Values
- Ethics and integrity
- Imbibing scientific temper
- Environmental consciousness and sustainable development
- Promotion of Indian culture and heritage
- Active citizenry
- Service to society and contribution towards national development
Distance Education is expanding at a roaring rate and Center for Distance
Education, Jain (Deemed-to-be University) helps you build a robust academic
foundation and makes you feel a sense of place in the ever evolving global
career landscape. As core competency is taking the edge, our accelerated
industry-led online programs supported by professional experts and
academics, from diverse backgrounds, help you reimagine professional skills
and deliver smart and informed decisions as effective global leaders by saving
a big chunk of your money and time!
This hand book is designed in keeping with the UGC regulations governing
admissions, academics, assessment and evaluations. It gives complete details
about the delivery of E-Learning Programs, Learners engagement
(synchronous and asynchronous), Assessments (formative and summative
assessment) Technicalities of online MCQ tests, Learners Support Services
available – Redressal of Grievances, Program Details, Course Materials, Syllabi
of all the semesters and the guidelines for internship, presentation of synopsis
& project work.
DIRECTOR
CDEVL-JU

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WELCOME LETTER
Dear Student,
We are glad you found a pathway that meets your career goals. We at Centre
for Distance Education & Virtual Learning (CDEVL), Jain (Deemed-to-be
University) are excited to be part of your academic quests. With the unique
challenges snowballing across the globe and digitalization holding sway, the
Distance Education Programme of JAIN just got you sorted.
As core competencies take center stage, our accelerated industry-led online
programmes drawn by academicians supported by experts and industry
professionals from diverse backgrounds help you reimagine professional skills
and deliver smart and informed decisions as effective global leaders.
Distance Education & Virtual Learning at JAIN seeks to offer academic
prospects to all eligible and willing individuals who are unable to address the
obstacles of time and place. With access to quality education and the flexibility
of online learning, JAIN provides you with the opportunity to give your career
an extra boost. While the schedule for distance learning is not one-size-fits-all,
CDEVL has created a responsive schedule and curriculum on par with the
regular syllabus.
By imparting higher levels of knowledge, the Centre for Distance Education &
Virtual Learning not only helps an individual achieve higher levels of efficiency
but also fosters innovative skills allowing for a fulfilling work-life and study
balance. And with programmes that have been thoughtfully developed,
predominantly for working professionals, we assist you to take a leap to the
next stage of your career. JAIN also helps you make meaningful progress on
the professional level and drives your career opportunities massively through
flexible and practice-oriented study.
We hope this programmed helps you build a robust academic foundation
giving you a sense of place in the ever-evolving global career landscape. Let’s
architect a better future together and create a learning atmosphere that balances
your life and work anywhere, anytime and make this a great year of learning!
DIRECTOR
CDEVL-JU

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INTRODUCTION
Centre for Distance Education & Virtual Learning a wing of Jain (Deemed–to-
be-University) was established in the year 2018. It has earned the distinction of
being ranked among the top universities across India, an achievement that
underscores the pursuit of excellence in graduate and higher education with its
campus having state of the art infrastructure designed to achieve success in all
arenas Viz academics, research and development in frontier areas,
entrepreneurship development, extension activities, value added programs,
industry linkage, collaborations and unique specialisations, sports and NCC,
NSS.
With digitisation and digitalisation defining the ways of the digital world, Jain
University has dedicated its efforts to integrate technology with University
education to promote distance and virtual learning with the following
objectives.
1. To create opportunities for large segments of population especially
from remote areas, rural areas, disadvantaged by personal
problems and work commitments, special target groups such as
persons with disability, transgenders, defence, paramilitary forces
and prison inmates etc., to access higher education.
2. To impart University education integrated with technology which
is flexible in terms of methods of learning, phase of learning, place
of learning, combination of courses, age of entry, conduct of
examinations and implementation of the program of study.
3. To provide an opportunity for upgradation of skills and
qualifications and thereby enhance the promotional prospects of
working professionals.
4. To promote education as a lifelong activity to enable persons to
update their knowledge or acquire knowledge in new areas.

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Overview & about the program:
The M.A Economics at the Centre for Distance Education, Jain (Deemed-
to-be University) promotes the study of economic science. It is a 2-year
post graduate program at Jain (Deemed-to-be University) that enables
students to develop problem solving, creative writing, and reasoning
skills to formulate sound models for policy decisions. The course focuses
on intense academic content that blends Mathematics, Statistics,
Econometrics, and other specialized branches of Economics. The scope of
this subject is significant in nature with the increasing demand for
economic researchers, analysts, consultants, and strategists who are well
trained to understand the changing economic trends.
Duration of the Program:
The duration of the PG Program is 2 years which is divided into 4
semesters.
The program is based on ODL (Open Distance Learners) by UGC and
CBCS (Choice Base credit System). Totally, there are 19 courses and these
can be classified as:
Hard Core
Soft Core
Open Electives
Project/Dissertation/Field Work/Internship
Core subjects / Major subjects
Core/Major subjects comprise of subjects that form an integral part of the
programme and they provide a strong foundation to the basic disciplines
of study. They can be divided into:
a) Hard core: They are absolutely essential for study and hence,
they are mandatory.
b) Soft core: They pertain to different specializations

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Electives
The programme is designed to comply with the Choice Based Credit
System (CBCS) that provides flexibility in designing curriculum and
assigning credits based on the course content and hour of teaching. The
CBCS provides an opportunity for the students to choose courses from
the prescribed courses.
Project work
Project work may be compulsory in certain PG Courses. The project work
in a specified area, related to the main subject of study or the
specialization shall be done for a duration as specified by the concerned
Board of Studies through the coordinator. The project work shall give the
student an insight to the real situations / conditions / problems existing
in the field / market / industries, etc.

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Delivery of the Program:
Mode of Program delivery: CDEVL
Pedagogy: Program delivery follows the prescribed four Quadrants
approach resulting in maximum learner engagement. Each course
involves 120 hours of learning (1 credit equals 30 learning hours). A
combination of the following formats will be used: two-way live online
audio-video lectures, pre-recorded audio-video lecture available on the
Learning Management System (LMS), multimedia content, interactions
through the discussion forum on the LMS, exhaustive e-content/printed
material for in-depth reference, self-study activities that Includes
Assignments, Quiz & Multiple Choice Questions (MCQ), Essay-type
questions, Case Study etc., individual and group projects, programming
exercise, dissertation, Massive Open Online Courses (MOOC) and
various experiential learning methods.
FOUR QUADRANT APPROACH-LEARNING RESOURCES
The advent of new technology has facilitated synchronous and
asynchronous learning engagements for distance learners. We facilitate
synchronous discussions by integrating technology with pedagogy
between the instructor and distance learners by scheduling online classes,
personal contact programs, doubt clarification classes, practical training
programs and discussions on projects and dissertations. We also organize
webinars on special topics from the courses prescribed for study to
provide more information and deepen understanding of concepts.

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To support asynchronous learning and to allow distance learners learn at
their own pace and to free them from time and space constraints, we have
created the following resources.
Content Generation in 4 Quadrant
1st Quad
e-Content
Textual Document, PDF / e-Books /
illustration, video demonstrations /
documents & Interactive
simulations wherever required
2nd Quad
e-Tutorial
Video and Audio content in an
organized form, Animation,
Simulation, Virtual Labs
3rd Quad
Web resources
Related Links, Wikipedia
Development of Course, Open
Content on Internet, Case Studies,
Anecdotal Information, Historical
development of the subject, Articles
4th Quad
Self-Assessment
MCQ, Problems, Quizzes,
Assignments & Solutions, Online
feedback through discussion
forums & setting up the FAQ,
Clarifications on general
misconceptions
Program Structure:
Each course will carry 4 credits.
Definition of Credits:
Credit means the award gained by a learner with study efforts of minimum
number of hours required to acquire the prescribed level of learnings in respect
of the unit.
Credits for theory courses will be 4 credits per course equivalent 120 hrs.
For the lab courses it will be 4 credits but for these credits there will be 60 hrs
of guided experiments with the support of internal supervisor per 2 credits.
Further, the hours can be looked upon in terms of the following:

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4 credits – 120 hrs of student learning activity, distributed as under:
Theory: 5% - Online Contact
10% - 12 hrs
Stipulation regarding hours of learning, credits etc.
As compared to 15 hours of classroom contact in conventional mode, in
ODL 1 credit = 30 hours of student learning activity, distributed as under
:
05% Online Contact 1.5 hours
10% Peer Learning (through online discussion forums) 3.0 hours
20% MOOCs 6.0 hours
Balance 65% Learning based on study material /
Recorded lectures etc 19.5 hours
30.0 hours
Online Contact: The 5% online contact shall be delivered in interactive mode
using video conferencing facility. Facilities should be available for students to
interact during the video conference through chat or other means.
Peer learning (through online discussion forums): Learners must have
the facility to interact and learn from each other in asynchronous mode.
MOOCs : Upto 20% of the total courses offered in a particular programme
in a semester are allowed through Swayam courses offered in Massive
Open Online Courses (MOOCs) format in-terms the relevant UGC
Regulations of 2016.

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PSOs:
At the end of the course, students will be able to:
PSO
1
Employ and appraise advanced economic theories and
concepts to various fields including that of the public sector,
markets and social sectors.
PSO
2
Discuss pertinent dimensions in specific areas of specialization
such as agricultural economics, industrial economics, financial
markets, development economics, international trade, urban
economics, etc.
PSO
3
Propose and develop research questions using quantitative and
qualitative tools.
PSO
4
Critically analyse economic issues within the country as well as
globally.

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ASSIGNMENTS
The assignments are set keeping in view all the cognition levels of Bloom’s
Taxonomy Viz., remember, understand, apply, analyse, evaluate and create.
Each assignment has two sections, Section A and Section B.
Section A consists of 20 MCQs which are time bound with a duration of 20
minutes. After logging into the portal, if it is initiated, it has to be completed at
one sitting. After the duration, access will be restricted. Multiple attempt shall
not be allowed.
Section B has 5 descriptive type questions. This part of assignment shall be
hand written and the answers in the digitalised form shall not be accepted
PORTIONS FOR THE ASSIGNMENTS
Assignments Portions
Time Allowed
for MCQ (Time
Bound
Descriptive
(Hand Written
assignments)
Assignment I
Module 1
Module 2
Half of 3rd
Module
20 Minutes
(Online
assignments of 20
visual MCQs)
(Hand written
assignments to be
uploaded)
Assignment II
Next half of 3rd
Module
Module 4
Module 5
20 Minutes
(Online
assignments of 20
visual MCQs)
(Hand written
assignments to be
uploaded)
NOTE:
Assignments submitted in typed word format shall be
rejected.

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ASSIGNMENT GUIDELINES
1. Assignment is an integral part of the evaluation system in ODL scheme.
2. Internal assessment weightage is 30% of the total marks for every descriptive paper.
3. The eligibility criteria to appear for University End Semester Examinations is based on the
marks scored in the assignment. Minimum marks to be scored in each assignment subject are
12 out of 30.
4. Submission of two assignments per semester per subject is mandatory. Students are required
to submit both the parts of the assignment.
5. Each assignment comprises of two parts. A) Online MCQ B) Descriptive
6. Assignments shall be published in the students’ portal only. Therefore it is advised to check
your portals and emails regularly.
7. Online MCQ assignment will be available in the portals for your future reference.
8. Handwritten assignments for descriptive form to be uploaded in PDF format. Diagrams and
charts should be drawn precisely wherever applicable.
9. Assignments will be accepted only through the portal and submission through any other
means will not be considered.
10. A confirmation email will be received by the students, after the descriptive assignment is
uploaded successfully. Students are recommended to preserve the same for future reference.
11. Re-attempt of any assignments will not be accepted.
12. It is advised to submit your assignments well in advance.
13. Students who do not submit the assignment before the due date will be barred from taking
up that particular semester examination. However, they will be eligible to take up University
End Semester Examinations provided the assignment is submitted in the consequent
semester.
14. Only assignments with duly filled cover sheet will be eligible for valuation.
15. Assignments which do not align with the respective elected optional language of the students
shall not be considered.
Assignment Cover Sheet
Name of the Student : _________________________________________________
USN/Reg. No. : ______________________________________________________
Programme. : ________________________________________________________
Course/Subject : ______________________________________________________
Student Signature : ____________________________________________________
Date of Submission : __________________________________________________
Marks Scored
Section A : _________________________________________
Section B : _________________________________________
Name of the Valuator : Signature:

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PATTERN OF ASSESSMENT
The Evaluation shall include two types of assessments.
1. Continuous or formative assessments
2. Summative assessment
The weightage for the two components are as follows
SN Assessment Weightage Assessment Tools
1 Formative/Continuous 30% Assignments
2 Summative 70%
Term End Examinations
- Projects
- Field Study / Report
- Project work reports
- Dissertations
- Viva Voce exam
The assessment tools used for formative assessment (Internal Assessment) are
assignments. Distance learners shall follow the guidelines for submission of
assignments.
Marks or grades obtained in Internal Assessment and Term End Examinations
will be shown separately in the grade card / marks card.
PASS CRITERIA FOR UNDER GRADUATE AND POST GRADUATE COURSES
2021-22
SN Course
Term End
Examination
(70 Marks)
Internal
Assessment
(30 Marks)
Total
(100 Marks)
Semester
Average
(Aggregate)
Remarks
1
Under
Graduate
Min 40%
(28 Marks)
Min 40%
(12 Marks)
Min 40%
(40 Marks)
40% Student has
to score
minimum
passing
marks in both
TEE & IA,
apart from
overall
aggregate
marks
2
Post
Graduate
Min 40%
(28 Marks)
Min 40%
(12 Marks)
Min 40%
(40 Marks)
50%
4
Practical’s
(50
Marks)
Min 40% (20 Marks)

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SELF-LEARNING MATERIAL (SLM)
CDEVL-JU has developed SLM to facilitate asynchronous learning
engagements. It includes contents in the form of course materials either in
printed form or in e-form. We have developed SLM for each course (paper) for
the syllabus prescribed by our university. It is self-explanatory, self-contained
and amenable to self-evaluation. It enables the learner to acquire the prescribed
level of learning in a course of study.
SLM has the following features.
- It has been designed as per the credit structure of the respective programs
(UGC guidelines)
- There is a brief description of unit structure with corresponding
objectives.
- Introduction to the module to establish continuity with prior knowledge.
- The content in SLM has been presented in a conversational format to
facilitate information between the learner and contents.
- Clear organization and presentation of information through multiple
learning paths for engaging in learning activities.
- The content has been designed so as to stimulate the learners in high
order thinking and critical reasoning activities. It encourages the learner
to apply new skills and knowledge.
- Learning experiences supplemented with examples, flowcharts, pictorial
representations, illustrations, learning activities etc. It involves the
learner actively through learning experiences.
- Concise summary
- Learning through SLM is integrated with evaluation through Self-
assessment questions.
- Inclusion of Suggested readings and references.
- SLMs are in easily downloadable formats.

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LEARNER SUPPORT CENTER (LSC)
Jain (Deemed-to-be University) has established LSC to assist the students in
best possible way on all working days between 10.00AM to 05.00PM. The
Learner support services include:
1. Pre-admission counselling for prospective learners to provide
information and facilitate them in taking an informed decision on joining
a specific program
2. Support for admission related matters
3. Details of study materials and information
4. To provide interface between the teachers and the learners for rendering
academic services and assistance required by our distance learners
Students may reach out to the team through any of the following mode:
a) STUDENT HELPLINE
b) INCIDENT MANAGEMENT SYSTEM
c) EMAIL
d) LURNINGO APP (ANDROID BASED)
A) STUDENT HELPLINE 080-46857979 / 47096207
After enrolling to any of the JU-CDEVL Program, Students can expect an on
boarding call from the Support team which introduces them to all the features
and facilities available. A preliminary check is also done during the call to
ensure that all the students have received Login credentials to LMS and that
they login to the System and begin studies.
Students may reach out to the Student support team by calling on 080-
46857979/47096207 and seek quick information or seek assistance with their
query. Students are expected to mention Program, Batch details along with the
crisp explanation on the query for quick response/resolution.
B) INCIDENT MANAGEMENT SYSTEM
It is a software that serves as a platform to understand and fix your queries.
Student may login to the portal and rise E-tickets regarding their queries. The
same will be responded within 2 days.
* LSC means a center established by HEI for advising, counselling, providing
interface between the teachers and the learners, rending academic and any
other related service and assitance required inter-alia by Distance Learners.

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Below is the Home Page of the STUDENT PORTAL-
In the block “Support Requests”, Click New
* Note: Learners Support Services – It means and includes such services as are
provided by HEI to facilitate the acquisition of teaching learning experiences by the
learner to the level prescribed by or on behalf of the commission in respect of a
program of study under Distance mode.

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The following Box of Have a Question? will appear…
Please select appropriate Category from the dropdown of categories and click
After selecting Category; Please fill the Title and Description of your request/query

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Click on Submit Request
The Student Support Team will respond within 2 working days.
C) EMAIL SUPPORT
University Student Support team can be reached by sending an email from the
registered email ID. Emails are responded to within 2 working days. Please note
that all important communication is sent through email hence it is important that
students check emails frequently.
Student may send email queries to the appropriate email ids as listed below:
exams.cde@jainu
niversity.ac.in
assignments.cde@ja
inuniversity.ac.in
academics.cde@jai
nuniversity.ac.in
enquiry.cde@jain
university.ac.in
Exam related
queries only
Assignment related
queries only
Queries related to
academics/studies
only
LMS Login,
Password,
Documentation,
change of
email/mobile etc.
Note: Please do not mark CC(Carbon Copy) to multiple emails ids as each one is
managed by different teams and there could be delay in response.

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D) LURNINGO APP (ANDROID PLATFORM)
You may download the Lurningo app from PlayStore on your Android mobile and
utilize the same on the go.
Student Login
screen

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All the
Notifications,
Announcements
sent by the
University
would be
available in
Lurningo app

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You may reach out to
the Student Support
team through
Lurningo app either
by Raising a Ticket or
to Student Helpline

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All the Tickets are responded to within 2 working days
HAPPY LEARNING!

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GUIDELINES FOR ONLINE MCQ TEST
Assessment in Distance mode is also integrated with technology. The online
MCQ test which is a part of formative assessment requires Distance learner to
get conversant with the technicalities of online MCQ. It is time bound and
multiple attempts are not allowed.
We have designed a mock online MCQ test to enable Distance Learners to
understand the algorithm and features of online MCQ. We are allowing
multiple attempts only for mock MCQ test.
Follow the steps:
1. Login to the student portal
2. Click on respective subject -> in course page click on Assignment section
3. Click on MCQ section

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4. Click on the Attempt Quiz now button to start
5. When you are navigating from question to question, if you find that you
are not sure of the right choice for any question, then it can be deferred
by flagging. Click on ‘Flag Question’ button. This can be attempted at a
later time within the duration. Kindly note that the MCQ’s must be
answered in one sitting and has a maximum time limit of 20 minutes
only.
6.

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7. After attempting the first round of familiar questions, if you click on the
‘Finish attempt’ button, then you can access the summary of attempts.
8. You can view the flagged questions. If you click on the “return to
attempt”, button, then it allows you to attempt the flagged questions.

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9. After attempting all questions, click on ‘Submit all and finish’ button.
10.Then you get a confirmation pop message for successfully completing
MCQ part of your assignment.
11.Click on review – you can review the answered MCQ’s

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GUIDELINES TO UPLOAD DESCRIPTIVE ANSWER SCRIPTS IN THE LMS
The Descriptive assignment shall be hand written in a A4 size plain sheet.
The written answer scripts must be scanned and uploaded on the LMS.
Click on Descriptive section in course page - > here click on ‘Attempt Quiz
now’
Click on file Picker to choose the saved file in your Desktop and upload the
file or drag and drop the pdf file.

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Click Submit all and finish
Click on review – you can review the answered descriptive (pdf) files

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Admission to PG Programs:
Minimum eligibility for PG Programmes in regular mode:
For AICTE approved programmes such as MBA, MCA, M.Des. and M. Tech.
(wherein the minimum is prescribed by the AICTE), and in the M.Sc.
programme, the eligibility shall be a pass in an Undergraduate Programme of
a minimum duration of Three (3) years in any stream, with a minimum
aggregate of 50 % or an equivalent letter/numerical grade. A relaxation of 5%
shall be given to SC/ST candidates.
For all other PG Programmes (i.e. other than MBA, MCA, M.Tech, M.Des. and
M.Sc), the eligibility shall be a pass in an Undergraduate Programme of a
minimum duration of Three (3) years from a UGC recognized University in
respect candidates who have studied related (or cognate) subjects at the
undergraduate level. For candidates from other backgrounds, the minimum
applicable cut-off shall be 50 percent. A relaxation of 5% shall be given to SC/ST
candidates.
Issue of Marks Card and Degree Certificate under ODL and Online modes:
The colour of the Marks Cards and Degree Certificates under ODL and online
modes shall be distinct from those issued under Regular mode. In addition, the
mode of instruction shall be clearly prescribed on the Marks Cards. However,
Degree Certificates in ODL and Online modes shall be issued in the same
format as in the case of the Regular mode.

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Academic Integrity and Ethics
i. A learner who has committed an act of academic dishonesty will be
deemed to have failed to meet a basic requirement of satisfactory
academic performance. Thus, academic dishonesty is not only a basis for
disciplinary action but also is relevant to the evaluation of student’s level
of performance and progress.
ii. Where there has been violation of the basic ethos and principles of
academic integrity and ethics, the Dean/Board of Examiners/Course
Coordinator may use their discretion during the Semester on the
disciplinary action to be taken.
iii. Academic dishonesty includes, but is not necessarily limited, to the
following:
a) Using more than one gadget/device during the conduct of the online
examination;
b) Switching off the webcam during the conduct of the online
examination;
c) Cheating or knowingly assisting another learner in committing an act
of cheating;
d) Unauthorized possession of learning material, examination materials,
destruction or hiding of relevant materials;
e) Act of plagiarism;
f) Unauthorized changing of marks or marking on examination records.

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REDRESSAL OF GRIEVANCES
Grievances - Your grievance must be specific
This is to inform that whenever you write a mail to seek redressal of your
grievances or to seek clarifications, you are required to share the following
details.
Name, Enrolment No. / USN, Contact Details, Program, Semester
All queries related to LMS, Viz., password, login credentials, subject miss-
match, language options, access to SLM, access to video, must be addressed to
enquiry.cde@jainuniversity.ac.in
All queries pertaining to assignments, assessment mode, assignment pattern,
duration, shall be addressed to assignments.cde@jainuniversity.ac.in
All queries related to academics, course credits, project/training sessions,
synopsis, dissertations, personal contact programs, doubt clarification sessions,
videos, reference materials, previous year question banks shall be addressed to
academics.cde@jainuniversity.ac.in
All queries related to examinations, Examination Time Table, Question paper
pattern, duration of examination, mode of examination, passing criteria,
Backlogs, payment of exam fees and revaluation fees, practical and Viva-Voce
Exams shall be addressed to exams.cde@jainuniversity.ac.in
Important Instructions:
1. There is no provision for assignment revaluation.
2. There shall be a provision for revaluation of end semester examination
papers on payment of prescribed fees.
3. No student shall change or reset his / her password after the
announcement of end semester examination timetable as it may restrict
your access to examination portal.
4. Resubmission of Assignments:
There is no provision for revaluation of assignments. If students fail in
internal assessment (IA), then, they have to complete and submit both
the assignments again and apply for fresh valuation on payment of
prescribed fees.
* LMS – It means a system to keep track of delivery of E-Learning programs,
learners engagement, assessment, results, reporting and other related details in
one centralised location.

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COURSE MATRIX
SEMESTER I
Course Code Title of the Course Credits
Total Marks
UE IA Total
2020MAEC1OD01
MICROECONOMICS
THEORY AND
APPLICATIONS
5 70 30 100
2020MAEC1OD02
MACROECONOMICS
THEORY AND POLICY
4 70 30 100
2020MAEC1OD03
MATHEMATICAL
ANALYSIS IN ECONOMICS
4 70 30 100
19MAEC1OND04
AGRICULTURAL THEORY
AND PRACTICES
4 70 30 100
19MAEC1OD05
RESEARCH
METHODOLOGY
4 70 30 100
Total 21 350 150 500
SEMESTER II
Total Marks
UE IA Total
19MAEC2OD01 PUBLIC FINANCE 4 70 30 100
19MAEC2OD02
ECONOMICS OF GROWTH &
DEVELOPMENT
4 70 30 100
19MAEC2OD03 COMPUTER APPLICATIONS 4 70 30 100
19MAEC2OD04 STATISTICAL METHODS 5 70 30 100
19MAEC2OD05 MONEY AND BANKING 4 70 30 100
Total 21 350 150 500

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SEMESTER III
Paper
Code
Title of the Paper
Credits Marks
UE IA Total
19MAEC3NOD01 INTERNATIONAL
ECONOMICS
5 70 30 100
19MAEC3OD02 ECONOMETRICS I 4 70 30 100
19MAEC3NOD03 OPERATIONS RESEARCH 5 70 30 100
19MAEC3OND05 DISSERTATION SYNOPSIS
Please refer Section.21 page
No.82 for complete
guidelines.
2 - - 50
19MAEC3OND06 POPULAR CULTURE 4 70 30 100
19MAEC3OD04 INDUSTRIAL ECONOMICS 4 70 30 100
Total 24 350 150 550
SEMESTER IV
Marks
UE IA Total
19MAEC4OD01 INDIAN ECONOMICS 4 70 30 100
19MAEC4OD02 ECONOMETRICS II 4 70 30 100
19MAEC4OD03 FINANCIAL ECONOMICS 4 70 30 100
19MAEC4OD04 HEALTH ECONOMICS 4 70 30 100
19MAEP01
PROJECT
Please refer Section 21, page
No.82 for complete
guidelines.
8
150 +
50(Viva)
- 200
TOTAL 24 530 120 650

39
MACROECONOMICS THEORY AND POLICY
5 Credits 120 hours
Course Objectives: To understand why short-run fluctuations occur in the
macroeconomic aggregates such as national output, consumption, investments and to
understand influence of general price level and interest rate on aggregate demand,
aggregate supply.
Course Outcomes
CO1. Ability to comprehend advanced macroeconomic models.
CO2. Capacity to evaluate factors contributing to short-run fluctuations (AD & AS).
CO3. Critically analyse fiscal and monetary policy tools for stabilisation.
CO4. Ability to synthesize macroeconomic perspectives (classical, Keynesian, neoclassical
and neo-Keynesian)
CO5. Apply theories of inflation to trade-off unemployment, internal and external balance.
Module 1: National Income and Accounts
Basic issues in Macroeconomics: Macroeconomic models; Circular Flow of Income in two,
three and four sector economy; National income: GNP, GDP; Real vs. Nominal GDP; GDP
deflator; Social accounting: GVA and Green accounting.
Module 2: Consumption Function
Keynes' psychological law of consumption: Implications of the law; short-run and long
run consumption function; Empirical evidence on consumption function; Income-
consumption relationship: Absolute income, Relative income, Life cycle and Permanent
income hypotheses.
Module 3: Investment Function
Investment determinants: Marginal efficiency of capital, Rate of interest, Investment:
Multiplier, operation of the multiplier, leakages of the multiplier; Accelerator - Super
multiplier.
Module 4: Neo-classical and Keynesian Synthesis
Theory of interest: Neo-classical and Keynesian views; The IS-LM model: Effectiveness of
monetary and fiscal policies; Classical, Keynesian and Monetarist approaches to inflation;
Structuralist theory of inflation; Philips curve analysis: Short run and long run Philips
curve; Samuelson and Solow: Natural rate of unemployment hypothesis; Tobin's
modified Philips curve; Types of Inflation and policies to control Inflation.
Module 5: Macroeconomics of Open Economy
Balance of payment: Disequilibrium adjustment; Mundell-Fleming model: Expectations
and exchange rates; theory of Business Cycles: Theories of Schumpeter, Kaldor,
Samuelson and Hicks, Goodwin's model; Control of business cycles: Efficacy of monetary
and fiscal policies.

40
Reading List
1. Dornbusch, R. and F. Stanley (1997), Macroeconomics, McGraw Hill, Inc., New
York.
2. Mankiw, N Gregory (2003), Macroeconomics, Worth Publishers, New York.
3. Ackley, G. (1978), Macroeconomics: Theory and Policy, Macmillan, New York.
4. Beckerman, W. (1968), An Introduction to National Income Analysis, English
Language Book Society, London.
5. Shapiro, E. (1996), Macroeconomic Analysis, Galgotia Publications, New Delhi.
6. Jha, R. (1991), Contemporary Macroeconomic Theory and Policy, Wiley Eastern
Ltd., New Delhi.
7. Froyen, Richard, T. (2002), Macroeconomic Theory and Policies, Pearson
Education, 7th Edition, New Delhi.
8. Edgmand, Michel R. (1985), Macroeconomic Theory and Policies, 2nd Edition,
Prentice Hall, New Delhi.
9. Romer, D.L. (1996), Advanced Macroeconomics, McGraw Hill Company Ltd., New
York.
10. Scarfe, B.L. (1977), Cycles, Growth and Inflation, McGraw Hill, New York.
11. Heijdra, B.J. and V.P. Fredericck (2001), Foundations of Modern Macroeconomics,
Oxford University Press, New Delhi.
12. Fabio Canova (2006), Methods for Applied Macroeconomic Research, Princeton
University Press.
13. Roger E. Backhouse, Andrea Salanti (2000), Macroeconomics and the Real World
(Vol. 1& Vol. 2), Oxford University Press.
14. Dwivedi D.N. (2015). Macro Economics: Theory and Policy, McGraw Hill
Publications 4th edition, Chennai.
15. Keynes J M. (1959), The General Theory of Employment, Interest and Money,
Harcourt, Brace and Company, New York,
16. Rao VKRV. (1952), Investment Income and Multiplier in an Underdeveloped
Economy, Indian Economic Review, Vol I No. 1.
17. Branson, William H and Klevorick, Alvin K. (1969), Money Illusion and Aggregate
Consumption Function, American Economic Review, 59, December 1969.
18.Houthakar, H S. (1958), The Permanent Income Hypothesis, American Economic
Review, June 1958.
19.Duesenburry. James S. (1949), Income saving and Theory of Consumer Behaviour,
Harvard University Press, Cambridge.
20. Friend Irvin and Kravis B Irving (1957), Consumption Pattern and Permanent
Income, American Economic Review, Vol 47.
21. Freidman Milton (1957), A Theory of Consumption Function, Princeton University
Press.
22. Hayashi Fumio (1962), Tobin’s Marginal q and average q: A Neoclassical
Approach, Econometrica, Vol 50.
23. Pigou A Cecil (1917), The Value of Money, Quarterly journal of Economics, Vol 32.
24. Laidler, D.W. (1972), The Demand for Money: Theories and Evidence, Allied
Publishers, Mumbai.

41
MICRO ECONOMICS THEORY & APPLICATIONS
5 Credits 120 hours
Course Objectives: The course helps to understand the concepts and theories of
microeconomics relating to consumers, firms and industry and helps to develop
analytical skills required for micro economic analysis.
Course Outcomes:
CO1: Ability to evaluate of advanced microeconomic theories and models (consumer
behaviour, production functions, product and factor pricing).
CO2: Capacity to analyze microeconomic principles for optimising decisions.
CO3: Aptitude for applying alternative criteria in welfare economics.
Module I: Utility Maximization and Consumer Behaviour
Methodology for microeconomic model building: Statics, Dynamics and Comparative
statics; Micro economic theories of consumer behaviour; Decomposition of price effect;
Comparison between Hicksian and Slutsky; Compensated demand curve; Revealed
Preference Theory; Hick’s Revision of Demand Theory; Risk and Uncertainty: Neumann
Morgenstern Utility Index, Friedman Savage Hypothesis. Recent Frontiers of Micro
Economics- Asymmetric information; Voting Paradox- Arrow Impossibility Theorem.
Module II: Production and Technological Progress
Cobb Douglas; CES production functions; Euler’s Theorem; Technological Progress and
Production Function; Embodied, Disembodied, Exogenous, and Endogenous production
function; Modern Theories of Cost - Short and Long run; Relevance of the Shape of Costs
in Decision Making.
Module III: Firm Behaviour and the Organisation of Industry
Oligopoly and Concentration Ratio: Prisoner’s Dilemma; Collusive and Non Collusive
Oligopoly models- Cournot, Bertrand, Stackelberg, Sweezy, Cartels: Joint profit
Maximisation and market-sharing cartels; Price leadership- Low-cost price leadership,
Dominant-firm price leadership, Barometric price leadership.
Module IV: Neo-classical and Managerial Theories of Firm
Marginalist Controversy – Theory of Full Cost pricing (Hall and Hitch); Theory of Limit
Pricing(Bain); Theory of Sales and Revenue Maximization(Baumol); Theory of
Managerial Discretion(Williamson); Theory of Managerial Enterprise(Marris); Behaviour
models of Firm (Cyert and March).
Module V: Welfare Economics and General Equilibrium
Social Welfare Criteria: Cardinalists Criterion, Bentham Criterion, Pareto Optimal
Conditions; Kaldor Hicks Compensation Criterion; Bergsons Criterion; Grand Utility
Possibility Frontier Imperfections; Rawl’s theory of Justice; Existence, uniqueness and
stability of general equilibrium.

42
Reading List
1. Varian, H. (2000), Microeconomic Analysis, W.W. Norton, New York.
2. Koutsoyiannis A(2008) Modern Microeconomics, 2nd Edition, MacMillan Press
Ltd.
3. K N Verma (2010) Micro Economic Analysis, Vishal Publications, Jalandhar.
4. Ahuja .H.L, Advanced Micro Economic Theory, S Chand publication
5. Avinash K. Dixit(1990) Optimization in Economic Theory, Oxford University
Press.
6. Dominick Salvatore (2003) Microeconomic Theory and Application, 4th Edition,
Macmillan Publishing Company.
7. Geoffrey A. Jehle, Philip J. Reny (2001) Advanced Microeconomic Theory, Pearson
Education
8. Maddala G.S and E.Miller (2005) Microeconomics –Theory and Application, Tata
McGraw Hill Edition.
9. Sen, A. (1999), Microeconomics: Theory and Applications, Oxford University
Press, New Delhi
10. Mankiw (2012). Principles of Micro Economics,South- Western, a part of Cengage
Learning.
11. Hicks J.R (1946). Value and Capital, Oxford, England: Clarendon Press.
12. Hicks,J (1956).A Revision of Demand Theory. London: Oxford University Press.
13. Neumann.j & Morgenstern,O(1944). Theory of Games and Economic Behaviour.
Princeton, NJ Princeton University Press.
14. Friedman,J. A noncooperative equilibrium for supergames. Review of Economic
Studies,38, 1-12.(1971).
15. Howroyd T.D., Cournot Oligopoly Models With Time Delays,Journal of
Mathematical Economics, North Holland (1983).
16. Nowaihi Al, The stability of Cournot Oligopoly Model: A Reassesement, A Journal
of Economic Theory 35, 307-321 (1985).
17. John A, Stability Properties in a Dynamic Stackelberg Oligopoly Model, Economic
Record, University of Melbourne, Parkville, Victoria ( 1980).
18. Baumol W, Baumol’s Sales Maximisation Model: Reply, The American Economic
Review,Vol.54,No.6 (1964).
19. Williamson O, Managerial Discretion and Business Behaviour, The American
Economic Review,Vol.53, No.5( 1963).
20. Marris R, A Model of the Managerial Enterprise, Quarterly Journal of
Economics,Vol.77,Issue.2 (1963).
21. Stiglitz J, Pareto Efficient and Optimal Taxation and the New Welfare
Economics,Handbook of Public Economics, Vol.II, Nort-Holland (1987).
22. Eric Gans, John Rawl’s Originary Theory of Justice,Contagion:Journal of
Violence,Mimesis and Culture, Vol 12/13,pp.149-157 (2006).

43
MATHEMATICAL ANALYSIS FOR ECONOMICS
5 credits 120 hours
Course Objectives: The course helps to learn the basic mathematical tools and
techniques to analyse economic principles and optimizing behaviour and build
meaningful relationship between economic variables. It also teaches the scope of
application of differential equations and algebra for building economic models.
COURSE OUTCOMES:
CO1: Demonstrate ability to analyse mathematical equations and operations in
interpreting economics models.
CO2: Capacity to apply derivatives and integrals for evaluating marginal decisions
(consumption, production and pricing).
CO3: Ability to use matrix algebra in production and pricing for optimizing decisions
Module I: Set Theory and Functions
Sets: Types Operations, Venn Diagram; De Morgan’s Law Relations: Identity, Reflexive,
Symmetric, Transitive and Equivalence Relations; Functions: Linear and non-linear
functions; Simple and Compound growth rates; Graphing Functions: Calculation of Slope;
Time value of money
Module II: Differential Calculus
Limits; Introduction to differential calculus: Rules of differentiation (First Order and
Successive Derivatives); Partial derivatives, Applications of derivatives; Interpretation of
derivatives as Slope, Marginal Concept: Marginal utility, Marginal Productivity, Marginal
revenue, Marginal cost, Marginal propensity to consume and save, etc. Theory of
Elasticity: Price elasticity of demand, Partial elasticity of demand; Substitutes and
compliments. Income elasticity of demand; Cost elasticity, Output elasticity, Elasticity of
substitution.
Module III: Maxima and Minima
Increasing, decreasing and stationary functions: Convex and Concave, Unconstrained and
constrained optimization; Necessary and sufficient conditions Market Equilibrium;
Effects of specific and ad valorem taxes on price and output; Walrasian and Marshallian
stability conditions.
Consumer equilibrium: derivation of ordinary and compensated demand functions;
Output, Revenue and Profit Maximization and cost minimization under perfect market
Profit maximization problems under monopoly, duopoly and oligopoly markets
Module IV: Integral calculus
Principles and rules of integration; Integration by parts and substitution; Application of
integrals in Economics: (Derivation of total concepts) Profit, Revenue maximization and
Cost minimization

44
Module V: Matrix Algebra
Matrix: Types, simple operations on matrices, matrix inversion and rank of a matrix;
Vector :its properties; Determinants and their basic properties; Solutions to
simultaneous equations through Cramer’s rule
Reading List:
1. Chiang A. C, Kevin Wainwright (2005), Fundamental Methods of Mathematical
Economics, McGraw Hill, ND.
2. Allen R.G.D (1967), Mathematical Analysis for Economists, Macmillian.
3. Dowling, Edward (2011), Introduction to Mathematical Economics, Schaum’s
Outlines.
4. Rosser, Mike (2009), Basic Mathematics for Economists, Routledge, Taylor &
Francis Group
5. Hoy Micheal, John Livernois, Chirs McKenna, Ray Rees, and Thanasis Stengos
(2009), Mathematics for Economics (Second Edition ), PHI Learning Private Ltd.
New Delhi.
6. Mike Rosser (2003), Basic Mathematics for Economists (Second Edition),
Routledge, London.
7. Bose D. (1996), An Introduction to Mathematical Economics, Himalaya Publishing
House, Mumbai.
8. Veerachamy.R (2002), Quantitative Methods for Economists, New Age
International Publisher, New Delhi.
9. Gupta.S.C (1993), Fundamentals of Applied Statistics. Chand & Sons, New Delhi.
10. Speigal, M.R(1992), Theory and Problems of Statistics, McGraw Hill Book Co.,
London.
11. Nagar A.L and R.K.Das(1993), Basic Statistics, Oxford University Press, New Delhi.

45
AGRICULTURAL THEORY AND PRACTICES
4 credits 120 hours
Course Objective: The course provides an insight on various issues in agricultural
economics and also to familiarize students with policy issues those are relevant to Indian
agricultural economics.
COURSE OUTCOMES:
CO1. Demonstrate knowledge of agricultural theories in identifying investment and
employment opportunities in diverse segments of agriculture sector (food crops,
horticulture, fishing, floriculture and livestock).
CO2. Capacity to evaluate risks and uncertainties of agriculture and support policy
formulation for agricultural pricing and marketing agricultural products.
CO3. Critically evaluate farm issues and challenges in agriculture.
CO4. Ability to evaluate international trade negotiations in agriculture (WTO norms) and
stimulate agro-exports.
Module I: Agriculture and Economic Development
Nature and Scope of agriculture; Interdependence between agriculture and industry:
some empirical evidence; farm organization; Land reforms; Risk and uncertainty in
agriculture; instability of agriculture; Green revolution; Diversification of Indian
agriculture: Dairy farming, Livestock management; White Revolution in India, Fishery,
Poultry, Forestry, Horticulture and Floriculture; Agro-based micro, small and medium
industries: Problems and Prospects
Module II: Theories of Agricultural Development
Transformation of traditional agriculture: Schultz’s Thesis, Mellor’s Theories of
agricultural development, Boserup’s Theory of agricultural development, Lewis model of
economic development, Fei-Ranis model of dual economy, Dale Jorgenson: The
development of a dual economy.
Module III: Agricultural Pricing and Marketing
Pricing of agricultural inputs and outputs: Minimum support prices, Direct cash transfer,
Crop insurance; Regulated Markets, APMCs; Role of state in agricultural and marketing
pricing: procurement, storage, FCI; Government measures to improve the system of
agricultural marketing, Cooperative marketing.
Module IV: Agricultural Finance and Sustainable Agriculture
Rural credit: Sources of rural credit- moneylenders, cooperative credit societies, Land
development banks, Government, Commercial banks including RRBs, Agricultural
refinance and development corporation, NABARD; Sustainable agriculture: Ground water
depletion and recharge; minor and small irrigation; Watersheds.
Module V: WTO and India
World Trade Organisation and India’s trade in agricultural commodities, Export
potentials of agricultural commodities, Measures taken by India to increase exports of
agricultural commodities, World Trade Organisation and India’s imports of agricultural
commodities, steps taken by India to reduce imports of agricultural commodities, Impact

46
of ‘Agreement on Trade Related Aspects of Intellectual Property Rights’ of Indian
agriculture, WTO and agricultural price policy in India.
Reading List
1. Gail L.Cramer, Clarence W Jensen, Douglas D .Southgate, Agricultural Economics,
Wiley, 2001.
2. Darren Hudson, Agricultural Markets and Prices, Blackwell Publishing 2006.
3. George W.Norton, Jeffrey Alwang, William A Masters, The Economics of
Agricultural Development, Routledge, an imprint of Taylor & Francis books Ltd,
2006.
4. John B Penson.Jr., Oral Capps Jr., C.ParrRosson, Ricahrd Woodward, Introduction
to Agricultural Economics, Prentice Hall, 2009.
5. Jules N.Pretty (Ed.), Earthscan Reader in Sustainable Agriculture, Earthscan
Publications Ltd, 2005. Ronald A.Schrimper, Economics of Agricultural Markets,
Prentice Hall, 2000.
6. Douglas Southgate, Douglas H.Graham, KutherTweeten, The World Food
Economy, Blackwell Publishing, 2006.
7. R.N.Soni& Sangeeta Malhotra (2010), ‘Leading Issues in Agricutural Economics’
Vishal Pubications.
8. Subba Reddy, Raghuram, NeelakantaSastry and Bhavani Devi, Agricultural
Economics, Oxford & IBH, New Delhi.
9. Sadhu and Singh, Fundamentals of Agricultural Economics, Himalaya Publishing
House, Mumbai.
10. Bishop and Toussaint, Introduction to Agricultural Economic analysis, John
Wiley &Sons
11. Singh, I.J., Elements of Farm Management Economics, East-West Press Pvt. Ltd,
New Delhi.
12. Massel.B.,Transforming Traditional Agriculture by T.W. Scultz, Journal of the
American Statistical Association 1964.Vol.59 Issue.308.pp. 1308-1310.
13. Mellor W.,The Economics of Agricultural Development, Ithaca, New York: Cornell
University Press. 1966. London: Oxford University Press. 1967. 403 pp. Bibliog.
Index. 80s.
14. Darity A., The Boserup theory of agricultural growth- A model for Anthropological
Economics, Journal of Development Economics 7 (1980) North-Holland
Publishing Company. 137-157.0.
15. Jorgenson W., The development of a Dual economy, Oxford Economic Papers, New
Series, Vol. 71, No. 282 (June 1961), pp. 309-334.

47
RESEARCH METHODOLOGY
Credits: 04 120 Hours
Course Objectives:
 To provide knowledge about the different methods of research in social sciences.
 To equip students with the necessary research skills and prepare them to carry out
independent research in the form of dissertation.
Unit I: Introduction to Social Sciences Research
1. Meaning, objectives and relevance of social sciences research
2. Philosophy of social science
3. Development of Social Science, objectivity ,values and ethics in social science
research
4. Logic of scientific investigation theory construction in social science research
5. Approaches to social science -theoretical, applied and action research
6. Uni-disciplinary, inter-disciplinary, multi-disciplinary methodologies
Unit II: Review of Literature
1. Guiding principles in the choice of a Research topic, topic to a research question-
2. Formulation of Research Problem
3. Review of literature-theoretical literature, classic articles
4. Abstract concepts and their relationships
5. Empirical literature- identification of general themes
6. Specific literature - issues and findings
7. Steps in writing a review- chronological- development of the issue
8. Thematic, methodological. Identifying research issues and gaps
9. Summarizing, editing, citation
Unit III: Research Design
1. Research design- exploratory, descriptive, diagnostic research
2. Sampling- types of sampling -Identification of dependent and independent
variables, sampling design, observational design, statistical design, operational
design
3. Defining objectives for the study, formulating hypotheses
4. Testing hypothesis, Null and alternate hypothesis
5. Type I and type II errors
Unit IV: Data Collection in Social Science Research
1. Sources of data- secondary and primary sources using and integrating secondary
and primary information. quantitative data
2. surveys and questionnaires-schedule design and construction
3. Sample surveys, survey administration
4. Observation – structured and unstructured interview process- historical method,
5. Case study method action research, focus groups discussions

48
6. Analysis- choice of statistical and processing techniques, interpretative narrative
methods
7. Secondary data sources
8. Data Base on Indian Economy, CSO, NSS, RBI, INDIASTAT
9. World Bank, ILO, other world institutions
Unit V: Report Writing
1. Structure and components of research report- use of language and presentation of
findings, statistical Tabular- pictorial presentation
2. Types of reports – Thesis writing
3. Research paper, research article
4. Workshop, Seminar, Conference and Symposium
5. Organization of the Research Report- Preliminaries
6. Contents of Report
7. Structuring the Report: Chapter format- Pagination- Identification- Using
quotations
8. Presenting footnotes – abbreviations- Presentation of tables and figures
9. Referencing- Documentation-Use and format of appendices- Indexing
10. Bibliography, Appendices
Books for Reference:
1. T.S. Willikinson and P.L. Bhandarkar (2015). Methodology and Techniques of
Social Research, Himalaya Publishing House, Bombay.
2. Kothari C. R. (2016). Research Methodology: Methods and Techniques New Age
International.
3. Babbie Earl (2013)The practice of social research, Wadsworth.
4. Goode J.Willium & Hatt K. Paul, Methods of social Research, , New York, McGraw –
Hill.
5. Pannerselvam(2010) Research methodology, PHI Learning Private Ltd.
6. Kurien .C.T. Research Methods for Economics

50
PUBLIC FINANCE
No of Teaching Hours: 120 Credits: 4
COURSE OUTCOMES:
CO1: Evaluate the role of the State in allocation and distribution of resources and
stabilization of the economy
CO2: Analyse the trends and patterns expenditure
CO3: Apply the theories of taxation in public policy
CO4: Evaluate impact of budget on various sectors
CO5: Understand the principles of federal finance for devolution and formulating healthy
center-state financial relations
COURSE OBJECTIVES
The course enables students to acquire knowledge about the applications of economic
theory and methodology to the study of non-market decision-making by the Government.
It explores to examine the role of government’s financial activities in the special context
of India.
MODULE I: INTRODUCTION TO PUBLIC ECONOMICS
Role of state- classical and modern regulatory function of the government. pure public
goods.- Pigou’s market failures - imperfections, externalities and efficiency, public
policies .social wants, merit wants, public wants. Voluntary exchange models
,Samuelson’s contribution, Tiebout model, the theory of club goods – correcting
distributional inequalities and regional imbalances. Voting systems under Arrows
Impossibility Theorem – rent seeking and directly unproductive profit seeking activities.
Public economic policies: allocation, distribution and stabilization, conflicts among the
public economic policies.
MODULE II: PUBLIC EXPENDITURE
Pure theory of public expenditure – Principle of maximum social advantage - Criteria for
public investment , Wagner’s Law of Increasing State Activities, Wiseman– Peacock
Hypothesis. Criteria for Public Investment–Cost-benefit analysis-Principle of maximum
social advantage. Effects of Public Expenditure on Savings, Investment and Growth. -
Trends in India’s public expenditure.
MODULE III: TAXATION AND PUBLIC DEBT
Theories of taxation- two approaches- benefit approach, ability to pay approach – theory
of optimal taxation .Concepts of equal sacrifice– incidence of taxation, effects of taxation.
social welfare principle of taxation. Public debt – sources, types, effects, burden and
problems of debt management principles of debt management -trends in india’s public
debt. Deficit financing - currency expansion, credit expansion. Recent reforms in India in
taxation- GST.
MODULE IV: BUDGETARY POLICY AND REFORMS
Concepts –Revenue account, Capital Account, Fiscal Deficit, Revenue Deficit, Primary
Deficit–Budget Estimate, Revised Estimate, Plan and Non-Plan expenditure. Preparation,
legislation of the budget appropriations, results orientation to budget. Programme
Budgeting and Zero Base Budgeting. Balanced versus un balanced budget. FRBM

51
MODULE V: FEDERAL FINANCE WITH SPECIAL REFERENCE TO INDIA
Principles of fiscal federalism-history and theory problems-center state financial
relations–horizontal and vertical imbalances–union finance–Trends in Revenue and
Expenditure of Government of India – 15TH Finance Commission and its Terms of
reference and controversy. Rationale of the local government. Centralisation Vs
Decentralisation. Financing of local governments fiscal federalism-
READING LIST
1. Cullis John and Jones Philip (2010)Public Finance & Public Choice 3rd Edition, Oxford
Publications.
2. Jha, Raghbendra (1987). Moden Theory of Public Finance, Wiley Eastern Limited, Delhi
3. Musgrave Richard A. and Musgrave Peggy B. (2004) Public Finance in Theory and
Practice Mcgraw-Hill College.
4. Peter Heller, M. Govinda Rao(2006) Sustainable Fiscal Policy for India: An International
Perspective,OUP India.
5. Raghbendra Jha(2003) Indian Economic Reforms,Palgrave Macmillan.
6. Singh S.K. (2008) Public finance in theory and practice, S Chand and Company Limited.
7. Stiglitz, J.E. (1986). Economic of Public Sector, Norton, New York.
8. Thyagi. B.P. Public Finance, Jayaprakash Nath& Company, Meerut.
9. MM Suri, Fiscal policy in India, Public policy in India.
10. Dalton, Government Finance,

52
ECONOMICS OF GROWTH & DEVELOPMENT
COURSEOUTCOMES:
CO1: Demonstrate knowledge of growth and development models and applicability.
CO2: Evaluate the development issues prevailing in developing countries.
CO3: Analyse the growth models and its applicability to developing countries.
CO4: Interpret the development strategies for internalizing for development.
CO5: Assess the issues concerning economic development.
COURSE OBJECTIVES
The course enables students to gain knowledge about the processes and problems of
economic development. It will equip students with skills to analyze various approaches
and strategies for accelerating growth in policy making.
MODULE I- DEVELOPMENT AND HUMAN WELFARE
Nature of development economics, concept of economic development: economic growth,
measurement of economic development- income distribution-Lorenz curve, inequality-
Gini coefficient, Kuznet’s curve, poverty line, basic human need indicators, over all
indicators -PQLI, HDI, gender and development-GDI, Gender Empowerment Indices, Sen’s
capability approach. Constraints to economic development.
MODULE II- THEORETICAL APPROACHES TO DEVELOPMENT
Stages of economic development: Marxian stages of development, Rostow’s Growth
Stages. Dualistic theories - social, technical and financial dualism, balanced and
unbalanced growth, Lewis model of economic development, linkage effect -Hirschman
and Nurkse, rural urban migration- Harris-Todaro model, Leibenstein’s critical minimum
effort thesis, Nelson's low – level equilibrium trap, Rosenstein Rodan’s big- push theory,
theory of backwash and spread effect, Dependence theory of development, Myrdal’s
theory of circular causation Ranis and Fei model, Jorgenson’s model.
MODULE III- GROWTH MODELS
Growth models- Harrod and Domar identity, Kaldors Model on changing savings rate and
capital formation, Passinetti’s modified model, critique of Joan Robinson’s neo classical
approach, Meades neo-Classical Model, Solow’s model of changing capital out put ratio,
Samuelson’s approach to capital out put ratio, Models of technical change- embodied and
disembodied, Uzawa two sector growth model, Endogenous growth model- Lucas,
Romer, New theories of convergence, Feldman model.
MODULE IV- STRATEGIES FOR DEVELOPMENT AND GROWTH
Two models - redistribution and growth versus basic human needs approach. Market
versus controls debate. Development Planning – nature of development planning and
rationale. planning process- - three models- aggregate growth, multi sector input output
and specific sector model.
MODULE V- DEVELOPMENT PLANNING
Planning techniques- input-output analysis, linear programming, choice of technique.-
allocation of resources - investment criteria -capital turnover criterion, reinvestment

53
criterion and time series criterion.-cost benefit analysis, shadow prices and project
evaluation. Planning with special reference to India- Mahalnobis model, Bramhanand and
Vakil wage goods model.
READING LIST
1. Debraj Ray (1998) Development Economics, Oxford University Press, Delhi.
2. Ghatak Subrata (2007) Introduction to Development Economics, Routledge Taylor and
Francis Group.
3. Kindleberger. C.P (1997), “Economic Development”, 3rd Edition, Mcgraw Hill,New
York.
4. Meier Gerald M., Rauch James E. (2005) Leading Issues In Economic Development, O U
P.
5. Stiglitz, J.E. Meier G.M. (2002) Frontiers of Development Economics, Oxford University
Press.
6. Thirlwal A.P (2006) Growth And Development: With Special Reference To Developing
Economies , ELBS.
7.Todaro Michael, Smith( 1996) Economic Development , Addison-Wesley Series In
Economics.

54
STATISTICAL METHODS
COURSEOUTCOMES:
CO1: Examine the characteristics of grouped and ungrouped data statistical data and
apply measures of central tendency and dispersion
CO2: Assess the relationship between variables and how independent variable is
associated with the dependent variable
CO3: Solve some business problems using discrete and
continuous probability distributions
CO4: Employ different sampling methods for designing and selecting a sample from a
population using basic principles of sampling and estimation
CO5: Decide which inferential statistics tool can be applied in a real-life situation
COURSE OBJECTIVES
The course teaches the concepts and methods of statistics. It proposes to develop
computational skills by solving numerical problems by using actual data and interpreting
the results.
MODULE I – DESCRIPTIVE STATISTICS
Nature and scope of statistics in economics –Types of variables: Univariate and
multivariate; random and non-random; continuous and discrete – Types of data: cross
section, time series and panel data; sample survey and census data. Population, Sample,
Frequency Distribution, Cumulative frequency, Graphic and diagrammatical
representation of data, techniques of data collection, Sampling vs population, primary
and secondary data. Measures of central tendency, mean, median, mode. Measures of
dispersion, range, standard deviation, variance, coefficient of variation, interquartile
range, mean deviation, skewness and kurtosis.
MODULE II –CORRELATION, REGRESSION AND TIME SERIES
Simple, Meaning, assumptions and limitations of simple correlation and regression
analysis, Pearson’s and spearman’s rank correlation coefficients and their properties.
Concepts of least squares and the lines of regression, standard error of estimate,
Interpretation of Correlation and regression coefficients. Interpretation of regression
coefficients – Applications and case examples of economics. Time Series -definition and
components, measurement of trend- free hand method, methods of semi-average, moving
average and method of least squares (equations of first and second degree only),
measurement of seasonal component
MODULE III-THEORY OF PROBABILITY & DISTRIBUTION OF RANDOM VARIABLE
Deterministic and non deterministic experiments, various types of events-classical and
empirical definitions of probability, laws of addition and multiplication, conditional
probability and concepts of interdependence, Baye’s theorem and its applications,
Elementary concept of random variable, probability mass and density functions,
expectations, moments and moment generating functions, properties ( without
derivations) of Binomial, Poisson and Normal distributions.

55
MODULE IV: THEORY OF ESTIMATION AND TESTS OF HYPOTHESES
Statistical estimation: Estimate, estimator and estimation– Biased and unbiased
estimator – Point estimate and interval estimates – Confidence intervals - Confidence
interval for means and variances in small and large samples. Statistical hypotheses - Null
and alternative hypotheses – Type I and Type II errors – Power of a test - Tests of
hypotheses and significance –– Level of significance - Tests based on sampling from
Normal distribution – One-tailed and two-tailed tests – Tests for sampling distribution of
means and variances in small and large samples
MODULE V- ESTIMATION ND INFERENCE
Basic concepts of sampling- random and non-random sampling, simple random, stratified
random and purposive sampling, concepts of an estimator, desirable properties of an
estimator. Testing of Hypothesis, Statistical tests, t, F, X2 parametric and non-parametric
tests, large and small sample. ANOVA.
READING LIST
1. Anderson David R., Dennis J. Sweeney , Williams Thomas A., (2010) Statistics for
Business
and Economics, Thomson South Western Publishers, 2nd Indian Reprint.
2. David R. Anderson, Dennis J. Sweeney, Thomas A. Williams (2002) Statistics for
Business
and Economics with Student Test Review CD-ROM, Thomson Learning.
3. Doane, Seward (2007) Applied Statistics in Business & Economics, Tata McGraw Hill.
4. Gary E. Clayton, Martin Gerhard Giesbrecht (2003) A Guide to Everyday Economic
Statistics
5. Gupta .S P (2009) “Practical Statistics’ S Chand Publication.
R K Sharma,

56
MONEY AND BANKING
Course Objectives: To understand the functions and operations of commercial banks. To
understand various priority sector lending, emerging trends and issues in Indian
Banking.
MODULE I: DEMAND FOR AND SUPPLY OF MONEY
Evolution of Money - Functions of Money – Classical approach - Quantity theory, Fisher's
equation, Cambridge Equation, Keynes liquidity preference approach, transaction,
precautionary and speculative demand - Post-Keynesian approaches to demand for
money - Patinkin and the Real Balance Effect, Baumol and Tobin; Friedman’s restatement
of quantity theory; revival of monetarism – Supply of money - Multiple Process of credit
creation by commercial banks; RBI approach to money supply; High powered money and
money multiplier; control of money supply – Black Money - Demonetisation
MODULE II: PRINCIPLES OF COMMERCIAL BANKING
Profitability – Liquidity – Safety - Credit creation - Assets and liabilities structure –
Deposits & Advances - Capital structure – Basel Norms - Priority sector lending – Banking
Reforms - Narasimham Committee I & II - Bank recapitalisation – Insolvency and
bankruptcy code.
MODULE III: NON-BANKING FINANCIAL INSTITUTIONS
Nature, types and significance of NBFIs in India - NBFCs classifications - Performance of
the NBFIs - LIC, GIC, Provident Fund, Small Savings, Mutual Funds, Pension fund - Micro
financing, Social Banking, Regional Rural Banks - Financing SMEs, - NABARD, SIDBI, EXIM,
IDBI, IFCI, NHB, Co-operative Banking.
MODULE IV: BANKING TECHNOLOGY
Emerging Trends in Banking – Internet Banking, Mobile Banking, eWallets, Electronic
Cheque, Electronic fund transfer – Payment and Settlement Systems Act 2007- RTGS,
NEFT & IMPS, Plastic Money, Technology adoption in Banks - Cheque, Demand draft and
Promissory note - Banking Ombudsman - LOUs and Letter of Credit - Loan Syndication,
Credit assessment - disbursal and monitoring – Payment banks.
MODULE V: INDIAN BANKING
Evolution- Functions of modern banks - Banking Regulation Act 1949 - Changing trends
in banking sector since 1991 - The present status of cooperative banks, RRBs - Foreign
banks in India - Current challenges in banking sector- Mergers and amalgamations,
Consolidations, Financial Inclusion, NPA . Central Banking – Case studies of Central
Banking - Functions of RBI – Inflation targeting – Reserve and Policy rates – Open market
operations – Methods of Note Issue – Credit control. Autonomy of Central banking and
Monetary policy committee.
READING LIST
1. Bhole, L. M. [2012]. ’Financial Institutions and Markets,’ Tata McGraw Hill Co. Ltd.
New Delhi.
2. Gordon and Natrajan, Banking theory, Law and practice, Himalaya Publishing House

57
3. Harker, P.T. and S. A. Zenios.[2000]Ed. ‘Performance of Financial Institutions, CUP,
UK.
4. Khan M. Y., Indian Financial System, Tata Mc Graw Hill, New Delhi
5. Principles & Practices of Banking, By Indian Institute of Banking &Finance, Macmillan
Publications
6. Machiraju H R, Indian Financial System, Vikas Publications
7. Muralidharan D..[2009]’Modern Banking Theory and Practice,’ PHI Learning Pvt. Ltd.
New Delhi.
8. Pathak, Bharati.[2009]‘The Indian Financial System, ’Pearson Education Publication,
New Delhi.
9. RBI Annual Reports and web site
10. Basel Committee Report on Banking Supervision, 2001.

58
COMPUTER APPLICATIONS
COURSE OUTCOMES:
CO1: Demonstrate the usage of computers and how computers are essential components
in learning, business and society.
CO2: Employ proficiency in the use of word processing to produce professional-looking
documents
CO3: Create and format spreadsheet and carry out inferential statistical analysis using
data analysis tool and graphically display the result
CO4: Use multimedia presentations skills to capture ideas in outline form and convert
them into visuals and encourage learning
CO5: Illustrate sound conceptual knowledge of networking, digital ecosystem and on
demand computing resource.
CO6: Describe the fundamental elements of database, data warehousing and data mining.
COURSE OBJECTIVES:
The course is aimed at introducing learners to using computers for research for word
processing, spreadsheets and presentations. The course is aimed at developing computer
based skills for data analysis and using internet for research
MODULE I: OPERATING SYSTEM
Operating System and Netware: DOS, UNIX , Windows, LAN and WAN ii. Basic concepts of
Internet: Modem, e-mail, Websites, Address, Domain, Protocols, Types of accounts,
Search engines, Browsing Web ,Telnet, Usenet, AOL. iii. Online sources of data .
MODULE II- MS-WORD AND ACCESS
An overview of using computers for word processing, spreadsheets and presentations.
Usage of popular word processors - Folder Creation, Icon specifications, Editing features-
Formatting Text, Aligning paragraph and page size, Tab settings. Research presentation
–usage of tables – mail merging. Creating relational database. MS-Access-Planning and
creating tables , Creating and using forms, Working with external data, , Enhancing form
design, Creating Queries, Producing reports
MODULE III- SPREADSHEETS
Functions in Excel, Sorting and filtering of data, Creating Sub- totals, Using a data form,
Creating Pivot tables, Using and creating MS-Excel templates, Linking workbooks. Coding,
using formulae in popular spreadsheets –presenting data using various kinds of graphs
,Changing the worksheet layout, Formatting text, borders and color, Printing in MS-Excel,
Using functions and references, Naming ranges
MODULE IV- PRESENTATION OF FINDINGS
Usage of popular presentation software PPT – creating slides, and note pages – slide
transition and entry – inserting clips, audio and video in presentations .

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MODULE V- SOFT WARE FOR ANALYSIS
Learning and Applications of SPSS ,R studio
READING LIST
1. Shroff Rustom: Computer Systems and Applications
2. Crumlish Christian : The ABC’s of the Internet, BPB Publications
3. Chivers Barebara and M.Shoolbred : A Student’s Guide to Presentations

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Credit:5 INTERNATIONAL ECONOMICS Hours:120
COURSE OUTCOMES:
CO1: Demonstrate knowledge about international trade theories.
CO2: Evaluate factor price equalization due to international trade.
CO3: Analyse factors contributing intra-industry trade.
CO4: Assess the gains from international trade.
CO5: Evaluate the trade policy for protection and tariff.
Module 1: Introduction
1. Introduction
2. Basis for international trade
3. Mercantilist’s views on trade
4. Pure Theories absolute advantage
5. Comparative advantage
6. OpportModuley cost theory
7. Empirical testing
Module II: Modern theories of International trade
1. Heckscher-Ohlin theory
2. Theorem of factor price equalization
3. Kravis and Linder theory of trade
4. The Samuelson
5. Rybczynski theorem
6. concept and policy implications of immiserizing growth
Module III: Intra-industry Trade
1. Causes of emergence and measurement of intra-industry trade
2. Role of dynamic factors
3. Changes in tastes, technology and factor endowments in explaining the emergence of trade.
Module IV: Trade as an engine of growth
1. Measurement of gains from trade and their distribution;
2. Concepts and types of terms of trade and offer curve, their uses and limitations;
3. Hypothesis of secular deterioration of terms of trade for less developed countries.
Module V: Theory of trade policy
1. The Theory of Interventions
2. Tariffs, Quotas and non-tariff barriers and types
3. Economic effects of tariffs and quotas on national income, output, employment, terms of
trade, income distribution
4. Political economy of non-tariff barriers and their implications; nominal, effective and
optimum rates of tariffs
5. Balance of payments
6. Exchange rate regime
7. Fixed and flexible exchange rate
8. Exchange rate determination

62
1. Salvatore, D. (1997), International Economics, Prentice Hall, Upper Saddle River, N.J., New
York.
2. Soderston, Bo (1991), International Economics, The Macmillan Press Ltd., London.
3. K.C.Rana and K.N.Verma: International Economics, Vishal Publishing Co., Jalandar.
4. Bhagwati, J. (Ed.) (1981), International Trade, Selected Readings, Cambridge, University
Press, Massachusetts.
5. Chacholiades, M. (1990), International Trade: Theory and Policy, McGraw Hill, Kogakusha,
Japan.
6. Kindleberger, C.P. (1973), International Economics, R.D. Irwin, Homewood.
7. Krugman, P.R. and M. Obstfeld (1994), International Economics: Theory and Policy,
Glenview, Foresman.

63
Credit: 4 ECONOMETRICS I Hours:120
COURSEOUTCOMES:
CO1: Demonstrate knowledge in testing of hypothesis using t, z, f and chi square.
CO2: Evaluate data using OLS model.
CO3: Analyse the consequences and remedial measures for Auto-correlation.
CO4: Apply Logit, Probit and Tobit models for evaluating dummy variables.
CO5: Analyse panel data
Module I: Introduction to Econometrics
1. Testing of Hypothesis-normal distribution t distribution, chi square distribution, f
distribution
2. Nature, meaning and scope of econometrics
3. Simple and general linear regression model
4. Assumptions, Estimation (through Ordinary Least Square approach) and properties of
estimators;
5. Gauss-Markov theorem
6. Normality Assumptions
7. Concepts and derivation of R2 and adjusted R2
8. Concept and Interpretation of Partial and Multiple Correlation
9. Analysis of Variance and its Applications in Regression Analysis
10. Reporting of the Results of Regression
Module II: Problems in Regression Analysis I
1. Nature, test, consequences and remedial steps of problems of heteroscedasticity
2. OLS estimation in the presence of heteroscedasticity
3. Method of Generalized Least Squares
4. Nature, test, consequences and remedial steps of Multicollinearity
5. Estimation in the presence of perfect multicollinearity
6. Estimation in the presence of high but imperfect multicollinearity
Module III: Problems in Regression Analysis II
Nature, test, consequences and remedial steps of problems of Auto-correlation
1. OLS in the presence of autocorrelation
2. BLUE estimator in the presence of Autocorrelation
3. Problems and consequences of specification error
4. Errors of measurement
5. Model Selection Criteria
Module IV: Regressions with Qualitative Independent Variables
1. Dummy variable technique
2. Testing structural stability of regression models comparing to regressions
3. Interaction effects, seasonal analysis
4. Piecewise linear regression, use of dummy variables
5. Dummy variable trap, regression with dummy dependent variables
6. Logit, Probit
7. Tobit models - Applications

64
Module V: Panel Data Regression Models
1. Panel Data
2. Pooled OLS Regression
3. Fixed Effect Least Squares
4. Dummy Variable Model
5. Fixed effect within group (WG)
6. Estimator
7. The Random effects model
1. Gujarati, D., Porter, D.C and Gunasekhar, C (2012). Basic Econometrics (Fifth Edition)
McGraw Hill Education.
2. Anderson, D. R., D. J. Sweeney and T. A. Williams. (2011). Statistics for Business and
Economics. 12th Edition, Cengage Learning India Pvt. Ltd.
3. Wooldridge, Jeffrey M., Introductory Econometrics: A Modern Approach, Third
edition, Thomson South-Western, 2007.
4. Johnstone, J., Econometrics Methods, 3rd Edition, McGraw Hill, New York, 1994.
5. Ramanathan, Ramu, Introductory Econometrics with Applications, Harcourt
Academic Press, 2002 (IGM Library Call No. 330.0182 R14I).
6. Koutsoyiannis, A. The Theory of Econometrics, 2nd Edition, ESLB

65
Credit:5 OPERATIONS RESEARCH Hours:120
COURSEOUTCOMES:
CO1: Demonstrate knowledge about Operations research models for optimal decision
making.
CO2: Apply linear programming technique for optimization.
CO3: Analyse optimum transportation cost and assignment and do optimality check.
CO4: Evaluate project design and schedule using PERT and CPM.
CO5: Analyse optimum inventory decisions and find economic order quantity
Module 1: Introduction to OR
1. Definitions and Concepts
2. Brief history
3. Stages of development
4. Scope IF OR
5. OR tools
Module II: Linear Programming
1. Fundamentals of L P models
2. Graphic solutions of LP models
3. Feasible solutions
4. Objective Functions
5. Maximization in LP
6. Minimization in LP
7. Infeasible solutions
8. Unbounded solutions
9. Simplex Method with Two variables
10. Simplex Method with more than Two variables
Module III: Transportation and Assignment
1. Transportation algorithm
2. Basic feasible solution of TP
3. North West Corner Rule
4. Least Cost method
5. Vogel’s Approximation Method
6. Testing for optimality
7. Assignment problem structure and solution
8. Maximization in assignment problem crew assignment problem
Module IV: Net Work Models and Game Theory
1. PERT/ CPM
2. Determination of Earliest Expected a
3. Latest Allowable Times
4. Determination of Critical path
5. PERT Cost- Scheduling of a project
6. Application of PERT
7. Critical Path Method- Problems
8. Game theory -Basic concepts - Managerial applications
9. Two-person’s zero-sum games

66
Module V: Inventory and Waiting Line
1. Basic Features and inventory decisions –
2. EOQ
3. Sensitivity Analysis in
4. EPQ
5. ABC Analysis
6. Structure of Queuing models
7. Waiting Line models
1. C. R. Kothari, Quantitative Techniques, Vikas Publications, New Delhi.
2. W.J. Baumol, Economic Theory and Operation Analysis, Englewood Cliff, Prentice Hall,
NJ.
3. Ackoff R L and Saienni M W, Fundamentals of Operation Research, Wiley, New York.
4. Hadley, G. Linear programming, Addison Wiley, Massachusetts.
5. Morse P M, Queeing, Inventory and maintenance, Wiley, New York.
6. Srivastava U.K, Shenoy G.V, and Sharma S C, Quantitative Techniques for Management
Decisions, Wiley Eastern, New Delhi.

67
Credit:4 INDUSTRIAL ECONOMICS Hours:120
COURSEOUTCOMES:
CO1: Demonstrate knowledge about theories of industrialization.
CO2: Evaluate the role of industry for economic development.
CO3: Analyse the factors contributing to industrial location.
CO4: Evaluate factors contributing to industrial productivity and efficiency.
CO5: Internalise means for industrial dispute and settlement.
Module I: Basics of Industrialization and Industrial Economics
1. Basics, meaning and Scope of industrialization and industrial economics
2. Structure Conduct Performance (SCP) paradigm
3. Market Power - Market concentration and its relationships
4. Herfindahl Index and Lerner Index
5. Additional cost concepts: switching costs, transaction costs
6. Asset specifying and holding up problems
Module II: Theories of industrialization and firms
1. The role of industry in economic development
2. Theories of Industry
3. Hoffman, Chennery and Gershenkron
4. Growth of Firm
5. Definition of Growth
6. Need for Growth of the firm, Importance of Downie‟s Model,
7. Significance of Penrose’s theory
8. Prominence of Marris’s theory
Module III: Industrial location and regional development
1. Theories of Industrial Location
2. Weber, Sargent Florence, & Losch
3. Growth pole and Central Place Theories Industrial Imbalance
4. Causes and Measures, Need for Balanced Regional Development of Industries
5. Regional Growth and Regional imbalances
6. Regional industrial growth in India
Module IV: Industrial Productivity & Efficiency
1. Productivity - Norms and Measurement
2. Factors affecting Productivity and Capacity Utilization
3. Importance of Productivity in the Competitive Environment
4. Measures required for Improving Productivity and Efficiency
5. Market Performances: Profitability & Innovation
6. Constraints on Growth. Review of Indian situation
7. Productivity and Efficiency Market Performances
8. Rural Industrialization: Concept and scope, Government policy

68
Module V: Industrial and Environmental Problems
1. Industrial relations
2. Causes of Industrial Disputes
3. Prevention and Settlement Mechanism
4. Workers’ Participation in management
5. Role of tripartism; Labour legislation in India
6. Industrial Disputes Act 1948
7. Recent Amendments
8. Labour Management Relations
9. Environmental problems related with industries: Pollution, waste disposal, climate
change, water problem
1. Ahluwallia, I.J. (1992): Industrial Growth in India, OUP, Delhi.
2. Bain, J.E. (1959): Industrial Organization, Wiley and Sons, NY.
3. Barthwal, R.R. (2007): Industrial Economics: An Introduction Text Book (2e), New Age
International, ND.
4. Dayananda, D. et al. (2002): Capital Budgeting- Financial Appraisal of Investment
Projects,
CU Press.
5. Divine, J. et al. (1976): An Introduction to Industrial Economics, George Allen and
Unwin,
London.
6. Hay, A.D. and D.J. Morris (1991): Industrial Economics and Organization: Theory and
Evidence, OUP.
7. Mookherjee, D. (ed.) (1995): Indian Industry: Policy and Performance, OUP, Delhi.
8. Panagariya Arvind (2008): India: The Emerging Giant, Oxford University Press
9. Sivayya, K.V. and V.B.M. Das (1996): Indian Industrial Economy, S. Chand and Company,
ND.
10. Smith, D.M. (1971): Industrial Location: An Economic and Geographic Analysis, John
Wiley, NY.
11. Cherunilam, F. (1994), Industrial Economics: Indian Perspective (3rd Edition),
Himalaya
Publishing House, Mumbai.
12.Desai, B. (1999), Industrial Economy in India (3rd Edition), Himalaya Publishing
House,
Mumbai.
13. Divine, P. J. and R. M. Jones et. al. (1976), An Introduction to Industrial Economics,
George
Allen and Unwin Ltd., London.
14. Government of India, Economic Survey (Annual).
15. Kuchhal, S. C. (1980), Industrial Economy of India (5th Edition), Chaitanya Publishing
House, Allahabad.

69
POPULAR CULTURE
CREDITS: 4 HOURS 120
Unit I-Background
Steven Spielberg and Philosophy: We're Gonna Need a Bigger Book (The Philosophy of
Popular Culture) - Dean A. Kowalski- (Excerpts)
The Rhetoric of Advertising- Stuart Hirsche (Article)
Laura Mulvey “Visual Pleasure and Narrative Cinema.” Film Theory and Criticism:
Introductory Readings. Eds. Leo Braudy and Marshall Cohen. New York: Oxford UP,
1999: 833-44.
Unit II-Popular Culture Books
One Indian Girl-Chetan Bhagat
Harry Potter-J.K.Rowling
Archie Comics-Graphic Narrative
Unit III- Mad About Ads
Fundamentals of Advertising - Neeru Kapoor
Amul's India - Gujarat Co-operative Milk Marketing Federation Ltd.
Unit IV- Movies Mirror Culture
Titanic, Extra Terrestrial, Sholay, Godfather, Harishchandrachi Factory- (Films)
Village Rockstars , La Jetée (1962) The Hearts of Age (1934) The Gift (2010) (Short Films)
Won’t You Be My Neighbor? Cielo (Documentary)
Unit V-Reading for Assignments/ Presentations (No Questions from this unit will
appear in Internal Assessment Tests, Preparatory or End Semester Examinations)
Two States, Half Girlfriend- Chetan Bhagat
Sita- The Warrior of Mithila, The Immortals of Meluha (Shiva Trilogy)-Amish Tripathy
Persepolis- Graphic Novel -Marjane Satrapi
Corridor- Graphic Novel -Saranath Banerjee
Ravana: Roar of the Demon King-Graphic Novel -Abhimanyu Singh Sisodia & Sachin Nagar
The Complete Maus- Art Spiegelman
Adulthood Is a Myth: A Sarah's Scribbles Collection-Sarah Andersen
Superman: Escape from Bizarro World SC -Geoff Johns and Eric Powell
The Graveyard Book Graphic Novel, Part – 1-Neil Gaiman
Rhetoric of persuasion- Aristotle (Excerpts)
Gone With the Wind, Casablanca, The Birth of a Nation, Ten Commandments, Casablanca,
Citizen Kane, James Bond movies, Floating Weeds, La Dolce Vita, Baahubali -(Films)
Hotel Chevalier (2007), Alive in Joburg (2006) Mama (2008)-Short Films
Minding The Gap-(Documentary)
Suggested Reading
The Texture of Retracing in Marjane Satrapi’s Perseplois-Hillary Chute
Signs and Meaning in the Cinema-Peter Wollen, Secker & Warburg, 1969
A Biographical Dictionary of Film-David Thomson, Secker & Warburg, 1975
Hitchcock’s Films-Robin Wood, A.S. Barnes & Co, 1965
The Making of Citizen Kane-Robert L. Carringer, University of California Press, 1985

70
Mamoulian-Tom Milne, Thames & Hudson, 1969
Theoretical Framework of Advertising - Some Insights- Bogdan Nichifor
The Leader Who Had No Title- Robin Sharma
Memoirs of Extraordinary Popular Delusions and the Madness of Crowds-
Audiobook -Charles MacKay (Author), Grover Gardner (Narrator), LLC Gildan
Media (Publisher)

72
Credit:4 INDIAN ECONOMICS Hours:120
COURSE OUTCOMES:
CO1: Develop ideas of the basic characteristics of Indian economy and its planning
process.
CO2: Find out role of primary sector and its transformation since independence.
CO3: Evaluate the performance of industrial sector pre and post economic reforms.
CO4: Identify major service sector issues and their importance in Indian economy.
CO5: Discuss the basic structure and the working of India’s financial sector
Unit I: Economic Transition & Planning in India
1. Indian economy since independence
2. Characteristics of Indian economy
3. Major issues
4. Constraints in economic development in India
5. Transition of Indian economy
6. National Income Estimates and trends in India
7. Broad demographic features of Indian population
8. Migration and Urbanization
9. Occupational structure
10. Poverty and inequality
11. Poverty & unemployment alleviation programmes
12. Planning in India: Achievements and Failures of five year Plans
13. Twelfth Five Year Plan; NITI Aayog
Unit II: Primary Sector
1. Agricultural Productivity and growth in agriculture;
2. Land reforms
3. Green Revolution
4. Agricultural price policy
5. Agricultural finance policy
6. Public distribution system
7. National food security Act,2013
8. Agriculture and WTO
9. Recent farmer welfare schemes in India
10. Recent issues
Unit III: Secondary Sector
1. New economic policy 1991
2. Recent trends in industrial growth and diversification
3. Public sector enterprises and their performance
4. Privatization and disinvestments
5. Importance and performance of SSIs and Cottage industries
6. Role of MSME
7. Recent industrial schemes in India

73
Unit IV: Service Sector
1. Role, pattern and growth of service sector
2. Education-status
3. Policies of SSA and MSA
4. Health- status, preventive and curative health care, policies
5. IT & ITES
6. Retail marketing-role, types and problems
7. Tourism- employment, earnings potential and problems
8. Recent service related schemes
Unit V 5: Financial Sector
1. Structure and reforms in banking sector
2. Factors affecting money supply in India
3. Indian Banking system; Interest rate policy
4. Review of monetary policy of RBI
5. Money and capital markets
6. Recent issues
7. Demonetisation, GST, rupee depreciation
8. NPA & bank recapitalization
BOOKS FOR REFERENCE:
1. Brahmananda, P.R. and V.R. Panchmukhi (Eds.) (2001), Development Experience
in the Indian economy: Inter-State Perspectives, Bookwell, Delhi.
2. Dantwala, M.L. (1996), Dilemmas of Growth: The Indian Experience, Sage
Publications, New Delhi.
3. Datt, R. (Ed.) (2001), Second-Generation Economic Reforms in India, Deep & Deep
Publications, New Delhi.
4. Government of India, Economic Survey, (Annual), Ministry of Finance, New Delhi.
5. Jalan, B. (1996), India's Economic Policy - Preparing for the Twenty First Century,
Viking, New Delhi.
6. Joshi, V. and I.M.D. Little (1999), India: Macroeconomics and Political Economy,
1964-1991, Oxford University Press, New Delhi.
7. Parikh, K.S. (1999), India Development Report - 1999-2000, Oxford University
Press, New Delhi.
8. I.C.Dhingra : The Indian Economy, Environment and Policy, Sultan Chand & Sons,
New Delhi.
9. Uma Kapila, Indian Economy Since Independence, Academic Foundation, New
Delhi.
10. Uma Kapila, Understanding the problems of Indian Economy, Academic
Foundation, New Delhi.
11. Reserve Bank of India, Report on Currency and Finance, (Annual).
12. Kapila, Uma (2007a): Indian Economy- Performance and Policies, Academic
Foundation.
14. Kapila, Uma (2007b): The Indian Economy since Independence (16e), Academic
Foundation.
15. Kapila, Raj and U. Kapila (2002): A Decade of Economic Reforms in India,
AcademicFoundation.

74
16. Nayak, P. and E.D. Thomas (2007): Human Development and Deprivation in
Meghalaya, Akansha Publishing House, ND.
17. Sandesara, J.C. (1992): Industrial Policy and Planning, 1947-91: Tendencies,
Interpretation and Issues, Sage, ND.
18. Tendulkar, S.D and T.A. Bhavani (2007): Understanding Reforms- Post 1991 India,
OUP.

75
Credit:4 ECONOMETRICS II Hours:120
COURSEOUTCOMES:
CO1: Develop ideas of Dynamic Econometric Models - Autoregressive and distributed
lag models and its estimation
CO2: Analyse Simultaneous Equation Models and the Identification Problem
CO3: Understanding the concept of time series econometrics and its estimation.
CO4: Evaluating Approaches to Economics forecasting and Modeling of Time Series data:-
AR, MA, ARMA and ARIMA
CO5: Applying skills in econometric data analysis in micro and macro economics
Unit I: Dynamic Econometric Models
1. Autoregressive and distributed lag models
2. Koyak model
3. Partial adjustment model, adaptive expectations
4. Instrumental variables
5. Almon approach to distributed-lag models
6. Error correlation mechanism
7. Causality test, Granger test
8. Sim's test
Unit II: Simultaneous Equation Model and the Identification Problem
1. Nature and examples of Simultaneous Equation Models-
2. Simultaneous equation bias-Identification problem-
3. Rules for identification-test of Simultaneity and Exogeneity-
4. Simultaneous-Equation Methods-
5. Method of Indirect Least Squares-
6. Estimation of Overidentified equation
Unit III: Time Series Econometrics
1. Basic concepts of Time Series Analysis,
2. Stochastic processes, spurious regression,
3. Stationary and Unit- Root Tests,
4. Approaches to Economics forecasting,
5. AR, MA and ARIMA (Autoregressive Integrated Moving Average)
6. Modeling of Time Series data Co-integration,
7. VAR (Vector Auto Regression)
UNIT IV: Applications in Microeconomics
1. Applications in Microeconomics
2. Consumer Demand Analysis: Specification and Estimation of Demand Equations
3. Estimation of Engel Curves
4. Estimation of Complete Systems of Demand Equations

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Unit V: Applications in Macroeconomics
1. Applications in Macroeconomics Demand for Money
2. Term Structure of Interest Rates
3. Phillips Curve
4. Exchange Rate and Purchasing Power Parity
5. Use of Econometrics Software Uploading Raw Data
6. Summary Statistics
1. Gujarati, D., Porter, D.C and Gunasekhar, C (2012). Basic Econometrics (Fifth Edition)
McGraw Hill Education.
2. Anderson, D. R., D. J. Sweeney and T. A. Williams. (2011). Statistics for Business and
Economics. 12th Edition, Cengage Learning India Pvt. Ltd.
3.Wooldridge, Jeffrey M., Introductory Econometrics: A Modern Approach, Third edition,
Thomson South-Western, 2007.
4. Johnstone, J., Econometrics Methods, 3rd Edition, McGraw Hill, New York, 1994.
5. Ramanathan, Ramu, Introductory Econometrics with Applications, Harcourt Academic
Press, 2002 (IGM Library Call No. 330.0182 R14I).
6. Koutsoyiannis, A. The Theory of Econometrics, 2nd Edition, ESLB

77
Credit:4 FINANCIAL ECONOMICS Hours:120
COURSEOUTCOMES:
CO1: Assess systematic and unsystematic risks associated with securities and make
investment decisions.
CO2: Examine portfolio of assets using fundamental and technical tools.
CO3: Describe sources for company finance and financial leverage through the support
of merchant banks, public issue, and credit syndication.
CO4: Demonstrate the knowledge about working of financial markets (stocks, debts,
derivatives, currency market and commodities markets).
CO5: Identify the functions of financial intermediation and financial system - financial
markets, financial assets, financial institutions, financial services, and financial
regulations
Unit I: Introduction to Financial economics
1. Financial Economics – Meaning, Definition and Scope
2. Role of financial intermediation
3. Time Value of money
4. Discounting and Present Value
5. Interest rate sensitivity and durations
6. Rule of 72
7. Yield curves
8. Spot and forward rates
9. Law of One price
10. Arbitrage
11. Hedging and Speculation
Unit II: Corporate Finance
1. Patterns of Corporate Finance
2. Common Stock
3. Debt – Preference shares
4. Convertibles – DVRs
5. ADRs – GDRs – IDRs
6. Bonds and Debentures
7. Convertible bonds
8. puttable and callable bonds – zero coupon bonds
9. International bonds – FCCB
10. Money market Instruments – T- bills – Repo
11. Discounts - Derivative markets
12. Call and put options
13. Corporate debt and dividend policy
14. Capital Structure and cost of capital
15. Modigliani-Miller theorem

78
Unit III: Primary and Secondary Markets
1. Components of Financial Markets – equity, debts, currency and commodity
markets
2. Primary markets – Initial public offer – Follow on public offer
3. Rights issue – Bonus issue – Qualified institutional placement
4. Pre-issue obligations
5. Pricing of public issue
6. Credit rating
7. Dutch auction
8. Book building
9. Post-issue obligations
10. Promoter’s lock in
11. Euro issue
12. ASBA -Depository system
13. Dematerialisation
14. Stock Exchanges – BSE – NSE
15. Stock market indices
16. Security listing and trading
17. Types of orders – limit, market and stop loss Circuit breakers
18. Unfair trade practices - Insider trading
19. SEBI norms
Unit IV: Derivative Markets
1. Forward market
2. Options Markets
3. Call and put options
4. Speculating with options
5. Determinants of premium
6. Future Markets
Unit V: Financial Planning
1. Investment goals –
2. Investment alternatives –
3. Individual financial planning – Asset allocation – Asset monitoring –
4. Financial sector reforms –
5. Rupee convertibility –
6. Philosophy, achievements and concerns.
1. Willion A Sharp, Goldon Alexander and Jeffery Bailey, Investments, Prentice Hall.
2. Hendrick S, Houthakker and Peter J Willaimson, Economics of financial mrkets,
Oxford University Press.
3. Copeland T E and JF Weston, Financial Theory and Corporate Policy, Addison
Wiley, 1988.
4. Hull J M, Futures, Options and other Derivatives, Prentice Hall, 2003.
5. Ross S A, Randolph W Westerfield, Bradfird D John and Gordon S Roberts,
Fundamentals of Corporate finance, McGrawhill, 2005.
6. David G. Luenberger, Investment Science, Indian edition, 2012

79
7. Basu, Sankarshan, Hull, John C.,Options, Futures and Other Derivatives, Pearson
Education, Inc, 8 th edition, 2013.
8. Brealey, Richard A., Myers, Stewart, C., Allen, Franklin, Mohanty, Pitabas

80
HEALTH ECONOMICS
120 Hours Credits: 04
COURSEOUTCOMES:
CO1: Demonstrate knowledge about health and healthcare.
CO2: Analyse the demand and market structure in health industry.
CO3: Evaluate the costs, equity and efficiency in health finance.
CO4: Apply economic theory to issues of human capital and health.
CO5: Identify the health problems arising in society and provide solutions
Course Objectives:
 To understand the meaning and economic relevance of health care.
 To understand demand and market structure in health economics.
 To understand costs, equity and approaches to health finance.
 To apply economic theory to issues of human capital and health.
 To understand the nature and economic issues confronted in developing societies
solutions for problems of health.
Unit I: Introduction to Health economics
1. The state and scope
2. Human capital and health
3. Health as a Social Indicator
4. Determinants of health: Poverty, Malnutrition and Environmental quality
5. Economics of health, health care and medical care
6. Health dimensions of development
Unit II: Demand for health and health services
1. Market structure in economics and their relevance to health care economics
2. Aspects of market failures, especially in health care and the need for the state
intervention
Unit III: Supply for health and health services
1. Types of costs and outputs related to health care
2. Economic theories supporting these concepts
Unit IV: Allocation Issues
1. Resource allocation to health sector
2. Various sources and issues in financing and resource allocation for health care
Unit V: Equity and health outcomes
1. Access, willingness-to-pay
2. Subsidies, insurance, etc.
3. Approaches to health finance such as National Health Accounts
4. Costing techniques, etc.
5. Government policies towards health care

81
1. Anthony J. Cuyler and Joseph P.(ed,) (2000),Handbook of Health Economics,
Newhouse, North-Holland, Elsevier Science.
2. Clewar, Ann, and David Perkins. 1998. Economics for Health Care Management.
London: Prentice Hall.
3. Folland, Sherman, Allen Goodman, and Miron Stano. 2001. The Economics of
Health and Health Care. New York: Macmillan, Third Edition.
4. Rice, Thomas. 1998. The Economics of Health Reconsidered. Chicago: Health
Administration Press.18
5. Sherman Folland, Allen C. Goodman, and Miron Stano, (2004.), The Economics of
Health and Health Care, 4th Edition, Prentice Hall.
6. Santerre and Neun, (2004) Health Economics: Theories, Insights, and Industry
Studies, Thomson/South Western.

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