B. K. BIRLA COLLEGE OF ARTS, SCIENCE AND COMMERCE ... · Choice Based Credit System (CBCS) with...

B. K. BIRLA COLLEGE OF ARTS, SCIENCE AND COMMERCE

(AUTONOMOUS)

KALYAN (W.)

Affiliated to University of Mumbai

DEPARTMENT OF ECONOMICS

Programme: Bachelor of Arts (B.A.)

SYLLABUS FOR:

F.Y.B.A. - Economics-I

S.Y.B.A. - Economics-II & III

T.Y.B.A. –Paper IV-IX

M.A Part I & II – Business Economics

Choice Based Credit System (CBCS) with effect from the academic

year 2018-19


(AUTONOMOUS)

KALYAN (W.)


Choice Based Credit System (CBCS) with effect from the academic

year 2018-19

Faculty of Humanities

Semester I to Semester VI

Guidelines

Syllabus Structure:

1. In F.Y.B.A. (CBCS) in Sem I and II, there will be one paper each with 4 credits in

each semester.

2. In S.Y.B.A. (CBCS) in Sem III and Sem IV, there will be two papers with 3

credits each in both the semesters

3. In TYBA (CBCS) in Sem V and Sem VI, the Core Courses will be Core Courses

IV, V, VI, VII, VIII and IX.

Evaluation:

1. Core Courses: The Core Courses I, II, III, IV, V, VI, VII, VIII and IX will be theory

based Core Courses.The College will conduct all the semester examinations of 100

marks per Core Course in the prescribed pattern of 40 marks of Internal assessment

and 60 marks for semester end examination. The student will have to secure a

minimum of 40% marks in internal assessment as well as semester end examination

per Core Course, for all the above Core Courses.

2. In each semester, the student will have to submit Project/ Assignment/Journal for

Core Courses in the College before appearing for the Semester End Examination.

The last date of submission of the Project will be officially declared by the College.

3. The Project work will be carried out by the student with the guidance of the

concerned Faculty Member who will be allotted to the student as the Guide for the

Project.

4. In each semester, for Core Courses, the student will have to secure a minimum of

40% marks in aggregate and a minimum of 40% in each component of assessment

i.e. 16 out of 40 marks in Internal Evaluation and 24 out of 60 marks in semester

end examination/ Practical Examination.

Note: All other rules regarding Standard of Passing, ATKT, etc., will be as per those

decided by the Faculty of Humanities passed by the Academic Council from time

to time.


(AUTONOMOUS)

KALYAN (W.)


CONTENT

Programme-Bachelor of Arts (B.A.)

Sr. No. Course Code Credits

1 F.Y.B.A.-Microeconomics I BUAECO101 04

2 F.Y.B.A.- Macroeconomics I BUAECO201 04

3 S.Y.B.A. - Microeconomics II BUAECO301 03

4 S.Y.B.A. – Indian Economy I BUAECO302 03

5 S.Y.B.A.- Investment Analysis I BUAECOIA301 04

6 S.Y.B.A. –Macroeconomics II BUAECO401 03

7 S.Y.B.A. - Indian Economy II BUAECO402 03

8 S.Y.B.A.- Investment Analysis II BUAECOIA402 04

9 T.Y.B.A.-Microeconomics III BUAECO501 04

10 T.Y.B.A.- Economics Of Development BUAECO502 04

11 T.Y.B.A.-Industrial And Labour Economic BUAECO503 03

12 T.Y.B.A.-Research Methodology BUAECO504 04

13 T.Y.B.A. -Environmental Economics BUAECO505 04

14 T.Y.B.A - History Of Economic Thought BUAECO506 03

15 T.Y.B.A.-MacroeconomicsIII BUAECO601 04

16 T.Y.B.A.- International Economics BUAECO602 04

17 T.Y.B.A.-Industrial And Labour Economic BUAECO603 03

18 T.Y.B.A.-Research Methodology BUAECO604 04

19 T.Y.B.A. -Indian Economic Thought BUAECO605 03

20 T.Y.B.A- International Trade, Policy And Practice BUAECO606 03


(AUTONOMOUS)

KALYAN (W.)


CONTENT

Programme - Master of Arts (M.A.)

Sr. No. Course Code Credits

1 M.A Part I- Micro Economic Analysis I BPABECO101 4

2 M.A Part I- Macro Economic Analysis I BPABECO102 4

3 M.A Part I- Economics Of Banking I BPABECO103 4

4 M.A Part I- Statistics For Economics I BPABECO104 4

5 M.A Part I- Micro Economic Analysis II BPABECO201 4

6 M.A Part I- Macro Economic Analysis II BPABECO202 4

7 M.A Part I Economics Of Banking II BPABECO203 4

8 M.A Part I Statistics For Economics II BPABECO204 4

9 M.A Part II Economics of Growth & Development I BPABECO301 4

10 M.A Part II International trade & Finance I BPABECO302 4

11 M.A Part II Public Economics I BPABECO303 4

12 M.A Part II Financial Institution & Market I BPABECO304 4

13 M.A Part II Economics of Growth & Development I BPABECO401 4

14 M.A Part II International trade & Finance I BPABECO402 4

15 M.A Part II Public Economics I BPABECO403 4

16 M.A Part II Financial Institution & Market I BPABECO404 4


(AUTONOMOUS)

KALYAN (W.)


Evaluation Pattern

1. INTERNAL ASSESSMENT 40 marks

1.1

1.2

1.3

One class test (Objectives/ Multiple Choice)

Assignment/ Project/ Presentation

Active participation, Overall performance

15 marks

20 marks

5 marks

2. EXTERNAL ASSESSMENT (Semester End Examination) 60 marks

N.B. 1. All questions are compulsory 2. All questions carry equal marks.

Q.1 Unit-I (with internal option)

A.

B.

C.

15 marks

Q.2 Unit-II (with internal option)

A.

B.

C.

15 marks

Q.3 Unit-III (with internal option)

A.

B.

C.

15 marks

Q.4 Unit-IV (with internal option)

A.

B.

C.

15 marks

B. K. Birla College of Arts, Science and Commerce, Kalyan (W.)

Syllabus w.e.f. Academic Year, 2018-19 (CBCS)

F.Y.B.A. Semester- I

Microeconomics-I

COURSE CODE: BUAECO101 (2018-19) Credits- 04

Preamble: This course is designed to introduce the students to elementary concepts in

microeconomics. The student should be able to use these concepts to understand the

relevance of microeconomics to the real world. The student should be able to build on

these concepts in the future to develop deeper understanding of the Economy.

Sr. No. Modules/Units Lectures (48)

1

Ten Principles of Economics Trade-offs faced by the individuals –

significance of opportunity cost in decision making – thinking at

the margin- responses to incentives-benefits from exchange-

organization of economic activities through markets and its benefits

– seventh, role of government in improving market outcomes –

dependence of standard of living on production- growth in quantity

of money and inflation. Inflation and unemployment trade-off.

12

2 Economics and Its Methods

Microeconomics: Meaning and Scope, Ceteris Paribus – use and significance. Concept and types of equilibrium: stable, unstable,

static and dynamic equilibrium – partial equilibrium and general

equilibrium. Basic tools of economic analysis (equations and

functions, graphs and diagrams, slope and intercepts) Case study.

12

3 Markets, Demand and Supply

What is a market- what is competition-demand curves: market

demand versus individual demand - movements along the demand

curve-shifts in the demand curve, supply curves: market supply and

individual supply- shifts in supply curve–market equilibrium –

three steps toanalyse changes in equilibrium.

12

4 Consumer Behavior 12

Law of demand- Determinants of Demand, Consumer’s

equilibrium, price effect, Income effect and substitution Effects

Elasticity of Demand, Types –Priceelasticity, Income elasticity,

Cross elasticity and Promotional elasticity.Consumer’s Surplus.

Numerical Case Study.

References:

1. Mankiw, N. G. (2002), Principles of Economics, Thomson Asia Pte. Ltd., Singapore.

2. Ahuja, H. L. (2012), Advanced Economic Theory, S. Chand & Company, New Delhi. 3. Koutsoyiannis, A. (1980) Modern Microeconomics, Macmillan Press Ltd, London.

4. Samuelson P. A. & W. D. Nordhaus (1998), Economics, Tata McGraw Hill, New

Delhi.



F.Y.B.A. Semester- II

Macroeconomics-I


Preamble: This course is designed to introduce the student to the basic building blocks

of macroeconomics. Using an open economy framework, the course develops an

understanding of the constituents of the open economy. The student should be able to

build on these constituents in the later years so as to be able to analyse macroeconomic

policies


1 Introduction

Macro Economics : meaning and Scope, Circular flow of Income in

an Open Economy–GDP-GNP-NNP- GDP Deflator–Real and

Nominal –GDP at purchasing power parity –Exchange rate as a

price –GDP Growth: India’s experience –Trends in Growth Rate

and Sectoral Composition of GDP.

12

2 Consumption, Saving and Investment

Keynesian Consumption Function- APC, MPC, Saving Function – APS, MPS, Investment Function, Types, Multiplier-Marginal

Efficiency of Capital and Rate of Interest-Accelerator.

12

3 Government

Public Goods and their Features- Merit Goods- Sources of Revenue: Direct and Indirect Tax- Impact, Shifting and Incidence

of Tax- Sources of Non- Tax Revenue- Public Expenditure:

Revenue and Capital Expenditure- Subsidies- Types of Deficit:

Revenue, Budgetary, Fiscal and Primary-Concept of GST

12

4 Mathematical Application.

GDP-GNP-NNP- GDP Deflator–Real and Nominal –GDP at

purchasing power parity –Exchange rate as a price. Consumption,

saving, investment, APC, APS, MPC, MPS.- Multiplier,

Accelerator- Deficit. GST.

12

References:

1. N. Gregory Mankiw, Principles of Macroeconomics, 7th edition, Cengage Learning,

2015

2. Sikdar, S. (2006), Principles of Macroeconomics, Oxford University Press, New Delhi.

3. Abel, A. B., B. S. Bernanke and D. Croushore (2011), Macroeconomics, Pearson,

New Delh



S.Y.B.A. Semester- III

Microeconomics-II


Preamble: The Course is designed to develop the student’s understanding of basic tools

of microeconomic analysis. It builds on the material covered in semester 1 and is

designed to help the student apply microeconomics to the real world.


1 Utility Analysis:

Preferences-strong ordering-weak ordering – completeness-

transitivity-rational preferences-utility as representation of

preferences-indifference curves and their properties -budget

constraint-utility maximisation and consumer’s equilibrium-income

effect-substitution effect- derivation of demand curves, Numerical

Case Study

12

2 Production Analysis:

Production function- Cobb-Douglas production function-short run

and long run returns to scale-Isoquants and their properties –

MRTS-iso-cost curves-cost minimisation and producer’s

equilibrium-derivation of factor demand curves, Numerical Case

Study

12

3 Cost and revenue

Various concepts of costs and their inter-relationship - behaviour of

costs in the short run and the long run -long run average cost curve

and it’s derivation-implicit and explicit costs total revenue-

marginal revenue-average revenue. Numerical Case Study

12

4 Competitive Markets:

Perfect Competitive Market: Features, Short Run Equilibrium of

the firm and the industry, Long run equilibrium. Price equals

12

marginal cost in competitive markets- supply curve and derivation

in competitive markets. Numerical Case Study

Reference

1. Mankiw, N. G. (2002), Principles of Economics, Thomson Asia Pte. Ltd., Singapore.

2. Ahuja, H. L. (2012), Advanced Economic Theory, S. Chand & Company, New Delhi.

3. Koutsoyiannis, A. (1980) Modern Microeconomics, Macmillan Press Ltd, London.

4. Samuelson P. A. & W. D. Nordhaus (1998), Economics, Tata McGraw Hill, New

Delhi.

5. Salvatore, D. (2003), Microeconomics, Oxford University Press.




Indian Economy -I


PREAMBLE:

The objective of the course is to familiarizethe students the basic concepts of Indian economy.


1 Economic Growth (Pre and Post Reform Period)

Changes in the growth of national income and per capita income –

Changes in the sectoralComposition of national income – changes in the

occupational structure – Changes in theDemographic features during

1951 – 2018 - India as an emerging economy in the world -

12

2 Problems in Indian Economy

Poverty- The Concept and Measurement of Poverty, Causes of Poverty

and remedies.

Economic Inequalities – The Concept and Measurement of Economic

Inequalities, Causes ofEconomic Inequalities and remedies.

Unemployment – The Concept and Measurement of Unemployment,

Causes of Unemploymentand remedies.

12

3 Agriculture and the Economy

Changing Role of agriculture in the economy–– New Agricultural

Strategy

Trends in production and productivity – Rural credit and role of rural

financial institutions –

Agricultural Marketing – Problems and remedies, Agricultural price

policy – WTO andAgriculture

12

4 Demonetization: To Deify or Demonize? 12

Objectives of demonetization and previous instances of demonetization -

India’s demonetizationas unprecedented in international economic

history - Short term costs and Long term benefits of

demonetization - Analytics of demonetization - Future policy measures

to maximize benefits andminimize costs of demonetization

in competitive markets. Numerical Case Study

References

1. Indian Economy by RuddarDatt and KPM Sundaram, S Chand Publications, Delhi

2. Indian Economy: SK Mishra and VK Puri, Himalaya Publishing House, Mumbai

3. Indian Economy; A N Agrawal, New Age Publishers, D




Investment Analysis -I

COURSE CODE: BUAECOIA301 (2018-19) Credits- 04

PREAMBLE: The paper deals with the institutions associated with and the instruments

of investment. Apart from the study of investment theories, techniques of fundamental

and technical analysis have been incorporated to help students understand the basics of

investment selection. Elementary mathematical and statistical techniques are expected to

be used in the teaching of these tools of investment analysis.


1 Introduction:

Objectives of Investor - Characteristics of Investment: risk, return, safety. liquiditv. tax shelter, etc. - Non-marketable financial assets:

Deposit') with Banks, Instruments of Post offices, etc. - Marketable

financial assets: Money Market Instruments - Bonds or Fixed

Income Securities - Mutual Fund Schemes

15

2 Securities Market:

Primary Market and its functions - Secondary Market: its functions

and Operations - Securities and Exchange Board of India:

Objectives, Powers and Functions. Share market Analysis- BSE

and NSE.Financial Derivatives.

15

3 Securities Market Analysis:

Analysis of securities - analysis to market - Valuation - Theoretical

Framework - Schematic Presentation of Theory - investment and

time value of money -Discounted Cash Flows, present value

method.

15

REFERENCES:

1. Hirschey, M. (2001), Investment Theory and Applications, Hircourt College Publisher,

USA

2. Shalla V. K. (1983), Investment Milnagement, Security Analysis and Portfolio

Management, S. Chand, New Delhi.

3. Chandra, Prasanna (2000) Investment Analysis and Portfolio, Management, Tata

McGraw-Hill Publishing Company Ltd, New Delhi.

4. Chandra, Prasanna (1993) Finance Sense, Tata McGraw-Hill Publishing Company

Ltd, New Delhi.

5. Hirschey, M. (2001), Investment Theory and Applications, Hircourt College

Publisher, USA



S.Y.B.A. Semester- IV

Macroeconomics -II


Preamble: This course is designed to introduce the student to the basic building blocks of

macroeconomics. Using an open economy framework, the course develops an



policies


1 Money

Concept of money- supply of money- CRR, SLR, high powered

money and its components- Money multiplier- current measures of

money supply in India – quantity theory of money- velocity of

circulation- factors affecting velocity of circulation- Fisher and

Cambridge equations.

12

2 The Money-Market

Motives for holding money- transactions motive-precautionary motive-speculative motive- interest rate as cost of holding money-

liquidity trap- money-market equilibrium-derivation of LM curve-

shifts in the LM curve.

12

3 The Goods Market

Equilibrium in the goods market- derivation of the IS curve-shifts in the IS curve, Simultaneous equilibrium in the goods and money

markets (IS-LM equilibrium) – determination of income and

interest rates.

12

4 Mathematical Application:

Calculation of CRR, SLR AND High Power Money, Money Supply , Money market Equilibrium. Goods market Equilibrium.

12

References:

1. N. Gregory Mankiw, Principles of Macroeconomics, 7th edition, Cengage Learning,

2015

2. Sikdar, S. (2006), Principles of Macroeconomics, Oxford University Press, New Delhi.

3. Abel, A. B., B. S. Bernanke and D. Croushore (2011), Macroeconomics, Pearson,

New Delhi.




Indian Economy -II



1 Financial System and the Economy

Structure of the Indian financial system – Nationalization of commercial

banks – Performance of

commercial banks in the pre-reform period – Banking Sector reforms 1991

and 1998

Money market reforms – Monetary policy of the RBI: Objectives and

Instruments Capital market reforms – Structure and reforms- SEBI

12

2 Finances of the Government of India

Union Government Budget – Appraisal of trends in revenue in the pre and

post reform period – Tax revenues of Government of India - Tax reforms

and changes in tax policy since 1991 –

12

3 Public Expenditure and Public Debt

Public Expenditure: Classification and Causes of increase in

Public Expenditure – Public Debt :Types, Burden and Management -

Concepts and types of deficit- FRBM Act 2003 -

Fiscal Federalism: Concept& Key Issues

12

4 Fiscal Policy and Federal Finance

Fiscal Policy: Meaning, objectives and instruments- Indian Fiscal Policy

since 1991 - Indian Fiscal Imbalance - Indicators, Causes, Effects &

Remedial Measures- Transfer of Resources from Union to States- Finance

Commission: overview and functions- Recommendations of latest Finance

Commission.

12

References

1. Indian Economy by RuddarDatt and KPM Sundaram, S Chand Publications, Delhi

2. Indian Economy: SK Mishra and VK Puri, Himalaya Publishing House, Mumbai

3. Indian Economy; A N Agrawal, New Age Publishers, Delhi




Investment Analysis -II

COURSE CODE: BUAECOIA402 (2018-19) Credits- 04

PREAMBLE: The paper deals with the institutions associated with and the instruments

of investment. Apart from the study of investment theories, techniques of fundamental

and technical analysis have been incorporated to help students understand the basics of

investment selection. Elementary mathematical and statistical techniques are expected to

be used in the teaching of these tools of investment analysis.


1 Efficient Market Concept

Efficient Market Hypothesis - Random Walk Theory - Portfolio

Theory: Portfolio return, risk, diversification and optimal portfolio

- the Single Index Model, Capital Asset Pricing Theory.

15

2 Fundamental Analysis:

Fundamental analysis- Meaning and functions - Macroeconomic

analysis - industry analysis.Company analysis - estimation of

intrinsic value. Case Study

15

3 Technical Analysis of the Market:

Technical analysis- Meaning, Objectives - Tools of technical

analysis -Principles to Technical analysis - Charts and Trend lines -

Moving Averages - Advantages of Moving Averages. Regression

and Correlation

15

REFERENCES:


USA

2. Shalla V. K. (1983), Investment Milnagement, Security Analysis and Portfolio

Management, S. Chand, New Delhi.

3. Chandra, Prasanna (2000) Investment Analysis and Portfolio, Management, Tata

McGraw-Hill Publishing Company Ltd, New Delhi.

4. Chandra, Prasanna (1993) Finance Sense, Tata McGraw-Hill Publishing Company

Ltd, New Delhi.


USA



T.Y.B.A. Semester- V

Microeconomics -III


Preamble:

The course is designed to provide sound training in microeconomic theory. Since students have

already studied the perfect competition, the focus of this course is on the study of imperfect

completion and general equilibrium and welfare economics


1 Monopoly

• Sources of monopoly

• Profit maximising monopoly

• calculation of price, output and profit for a monopoly

• Price discrimination: First , Second and third degree

• Monopolistic Competition: features.

12

2 Oligopoly

• Features of Oligopoly

• Kinked demand curve model

• Cournot model

• Bertrand model

• Collusion and Cartels

• Numerical Case Study

12

3 Price Leadership and Game Theory

Dominant firm price leadership

Collusive Price leadership

Barometric Price Leadership

Basics of Game theory

• Prisoner’s dilemma

dominant strategy equilibrium

• Nash equilibrium –

12


4 General Equilibrium and Welfare Economics

• General Equilibrium and its Existence

• The Pareto Optimality Condition of Social Welfare

• Marginal Conditions for Pareto Optimal Resource Allocation,

• Perfect Competition and Pareto Optimality

• Kaldor- Hicks Compensation Criterion

• Arrow’s Impossibility Theorem.

12

References:

1. Koutsoyannis, Modern Microeconomics, Macmillan Press Ltd., London. th

2. Mankiw, N. Gregory, Principles of Microeconomics, 7 edition, Cengage Learning, 2015

th

3. Mansfield, Edwin; Micro-economics: Theory & Applications, 5 edition, W.W. Norton &

Company, New York, 1985.

4. SenAnindya (2007), Microeconomics: Theory and Applications, Second edition Oxford

University Press, New Delhi, 2007.

5. Salvatore, D.; Microeconomics : Theory and Applications , New Delhi Oxford, New Delhi,

Oxford University Press 2006.




ECONOMICS OF DEVELOPMENT


Preamble:

This course is designed to inculcate diverse concepts related to economic growth and

development by giving special emphasis on structural issues related to the process of

development.


1 Concepts of Economic Growth and Development

• Meaning of Growth and Development,

• Distinction between growth & development,

• Concept of human development: HDI, GDI, Sustainable

development, Green GDP,

• Three core values of development,

• Sen’s Capabilities Approach.


12

2 Structural Issues in Development Process

• Big push theory

• Role of Education, health & nutrition in economic development,

• Schumpeter’s theory of development

• Lewis models of growth

• Solow’s growth model of economic development

12

3 Inequality, Poverty and Development

• Measures of poverty (Absolute and Relative)

• Income Inequality and Gini Coefficient

• Kuznets inverted U-hypothesis,

• Policy options for poverty alleviation and income equality

• Inclusive growth and Self Help Groups

12

4 Technology and Economic Development

• Role of Infrastructure in economic development,

• Role of technology in economic development,

• Concept and types of technical progress

• Green technology: meaning and its benefits

12

References:

1) Todaro, Michael P. and Stephen C. Smith. Economic Development, 8e. Delhi: Pearson

Education, 2003.

2. Thirlwall, A.P. Growth and Development 8e. New York: Palgrave MacMillan, 2005.

3. Meier, Gerald M. and James E. Rauch. Leading Issues in Economic Development, 8e.

New Delhi: Oxford Univ. Press, 2006.

4. Mamoria, Joshi, Principles and practice of marketing in India, KitabMahal, 1979.

5. Boldwin, Economic Development: Theory, History and Policy, Willy Publishers, 1957

6. Sinha Francis, Microfinance self Help Groups in India: Living up to Their Promises,

Practical Action Publishing, England, 2009.




INDUSTIRAL AND LABOUR CONOMICS


Preamble:

There has been a paradigm shift in the structure of the Indian industrial sector and thepolicies

governing it ever since the new era of globalization and liberalization hasushered in. This paper

intends to equip the students with the knowledge about thefundamentals of Industrial Economics

and also the changing policies related to theIndian industry in the globalised era.


1 Introduction

• Meaning and Scope of Industrial Economics

• Industrial Profile: Private sector – Role and its problems

• Cooperatives - features, types, merits and demerits

• Public Sector - Role, Performance and Problems,

12

2 Industrial Location and Problem of Regional Imbalance

• Determinants of Industrial Location

• Theories of Industrial Location - Weber's and Sargent

Florence's Theory

• Industrial Imbalance, Causes and Measures

• Need for Balanced Regional Development of Industries.

12

3 Industrial Productivity and Industrial Sickness

• Concept and Measurement of Industrial Productivity

• Factors Affecting Industrial Productivity

• Measures required for Improving Productivity and Efficiency

• Industrial Sickness - Causes, Effects and Remedial Measures

• Rationalization - Concept, Impact

12

4 Industrial Development in India

• Brief Outline of Industrial Policies of 1948, 1956, 1977

• New Industrial Policy-1991

• Role & Problems of Small Scale & Cottage Industries in India,

Micro, Small and Medium Enterprises Development Act, 2006

• Recent Trends in India's Industrial Growth

• Role of MNCs in the Indian Economy

12

References:

1. Agrawal A.N. (2011), Indian Economy, New Age International Publishers, New Delhi

2. Barthwal R.R. (2007), Industrial Economics, New Age International Publishers, New

3. Delhi

4. Cherunilam, F. (1994), Industrial Economics: Indian Perspective, Himalaya Publishing

5. House, Mumbai

6. Datt R. and Sundaram K.P.M. (2009), Indian Economy, S.Chand& Co., New Delhi

7. Desai S.S.M. and Bhalerao N (2008), Industrial Economy of India, Himalaya

Publishing

8. House, Mumbai

9. EkboteVidya and Ekbote Vilas (1999), Industrial Economics, Anmol Publication, Pune

10. Kuchhal S.C. (1980), Industrial Economy of India, Chaitanya Publishing House,

11. Allahabad

12. Mishra S.K. and Puri V.K.(2008), Indian Economy, Himalaya Publishing

House,Mumbai


Preamble



RESEARCH METHODOLOGY


The central focus of this course is an introductory study of the concepts, principles and methods of economic research. The course focuses on the logic of social science research and on practical problems of applying quantitative and qualitative methods in the process of formulating research questions.


1 Introduction to Concept of Research:

• Nature and Scope of social research

• Significance of social sciences research

• Steps in Research Process:

• Types of research: pure & applied research, formulative or

exploratory research;

• Descriptive research, historical research, experimental research,

survey research

• Ethical issues relating to research

• Major Difficulties in the Area of economic research

12

2 Sources of Data for Research:

• Types of data sources: Primary and Secondary, choice between

primary and secondarydata

• Primary data-Meaning and Collection methods

• Observational method: Meaning, Merits and Demerits

• Interview technique: Meaning, Merits and Demerits

• Questionnaire: Meaning, Merits and Demerits

• Survey method and Field Visits

• Major Sources of Secondary data:

1. Published Sources

2. Unpublished sources

12

3 Presentation and Elementary Analysis of Data

• Classification: Meaning and characteristics of classification , types

of classification

12

• Tabulation: Meaning, characteristics of a good table, types of

statistical table, Rules and Precautions in preparing Tables

• Graphical presentation of socio-economic data:

- Histogram

- Frequency Polygon

- Frequency Curve( Less than more than frequency)

- Ogives

• Diagrammatic presentation of socio-economic data:

- One – dimensional diagrams: Bar diagrams and its types

- Two - dimensional diagrams: Rectangles, Squares and Circles

- Three- dimensional diagrams: Cub, Cylinders and Spheres

4 Measures of Central Tendency and Dispersion

• Measures of Central Tendency: Meaning and Objectives of

Average

• Types of Average:

- Mean

- Median

- Mode

• Relationship between Mean, Median and Mode

• Measures of Variation: Meaning and Objectives

• Methods of Studying Variation:

- Range and its coefficient

- Quartile deviation and its coefficient

- Standard deviation and its coefficient

- Coefficient of variation (CV)

12

References:

1. Gopal, M.H (1970) An Introduction to Research Procedures in Social Sciences,

Bombay,Asia Publishing House.

2. Goode J.Willium&Hatt K. Paul, Methods of social Research, New York, McGraw –Hill.

3. Krishnaswami, O.R &, M.Ranganatham (2011) Methodology of Research in

SocialSciences, Himalaya Publishing House, Mumbai.

4. Kumar, Renjith (2009) Research Methodology: A Step by Step Guide for Research,

Delhi,Pearson Education

5. P.Saravanavel ((1987) Research Methodology, KitabMahal, Allahabad

6. Gupta S P tatistical Methods Sultan Chand and Sons, New Delhi.

7. Gupta S.C, Fundamentals of Statistics, Himalaya Publication House, Bombay.

8. Rajaram V. (1996), Fundamentals of computers, Prentice Hall of India, New Delhi




ENVIRONMENTAL ECONOMICS


Preamble:

This course focuses on economic causes of environmental problems. In particular, economic

principles are applied to environmental questions and their management. Economic implications

of environmental policy are addressed as well as valuation of environmental improvements.


1 Introduction to Environmental Economics:

• Introduction to environmental development and environmental

economics,

• Rio-Declaration on environmental development,

• Agenda 21 programme of action forsustainable development,

• Social and economic dimensions,

• Conservation andmanagement of resources for development.

12

2 The design and implementation of Environmental Policy:

• Overview - Criteria for evaluating environmental policies;

• Standards, Pigovian taxes andeffluent fees,

• tradable permits, choice between taxes and quotas,

• implementation ofenvironmental policy.

12

3 Measuring benefits of environmental improvements:

• Economic value of Environment- Use and Non-use values

• Measurement method:-market based and non-market based

methods, contingent valuation, travel cost method, hedonic price

method

• risk assessment and perceptions.

12

4 Environmental problems:

• Concept of global environment-

• Trans-boundary environmental problems,

• Economics of climatechange,

• International environmental Agreements

• sustainable development: Conceptsand measures.

12

References:

1. Barry C. Fields: Environmental Economics : An Introduction, McGraw Hill International

Edition, 1997.

2. Charles Kolstad : Environmental Economics, Oxford University Press, New York, 2000.

3. Kaltschmitt, Martin, Streicher, Wolfgang, Wiese, Andreas, Renewable Energy:

Technology, Economics and Environment, Springer, Germany, 2007.

4. Hanley Nick, Shogren Jason and White Ben: Introduction to Environmental Economics,

Oxford University Press, 2001.

5. Smith Stephen: Environmental Economics: A very Short Introduction, 1st Edition,

Oxford University Press, New York, 2011.

6. United Nations Sustainable Development, UN Conference on Environment &

Development, Rio de Janerio, Brazil, Agenda 21,




HISTORY OF ECONOMIC THOUGHT


Preamble:

This course provides basic understanding about the celebrated economists and their contributions

starting from the classical period. It throws light on the contributions of Nobel Laureates of recent

period too


1 Classical Period

• Adam Smit- Division of Labour, Theory of values, Capital

Accumulation, Distribution

• David ricardo- Value theory, Theory of rent

• Karl Marks- theory of values, surplus value, Law of Capital

Accumulation or concentration

12

2 Marginalist: Marshall to Schumpeter

• Role of Time in price Determination,

• Economic methiods

• Ideas of consumer’ surplus

• External and internal economies

• Quasi rent

• Pigou’s welfare economics

• Schumpeter: role of entrepreneur and innovation

12

3 : Marginalist: Keynesian Ideas

• Liquidity Preference Theory and Liquidity Trap

• Consumption Function( Short and Long Run)

12

• Investment Multiplier

• Accelerator Principal and their interaction,

• Wage rigidities and underemployment

• Role of fiscal policy

• Cyclical behaviour of the economy

4 Post- Keynesian Developments:

• Supply Side Economics: Hayek (low interest rates and excessive

credit creation)

• Arthur Laffer Curve(tax rates and the amount of tax revenue) ,

- Monetarism: Milton Friedman, Don Patinkin

• Nobel Prize Winners in Economics: A; K sen (1998), Joseph

Stiglitz(2001), Paul Krugman( 2008), Jean Tirole(2014), Angus

Deaton(2015), Richard Thaler (2017)

12

Reference:

1. Gide, O. and G. Rist , A History of Economic Doctrine, George Harrop Co., London,

1956.

2. Roll, E, A History of Economic Thought, Faber Landon, 1973.

3. Dasgupta A. K, Epochs of Economic Theory Oxford University Press. New Delhi,

1985.

4. Schumpeter, J.A, Ten Great Economist, Oxford University Press, New York, 1951.

5. Ghosh and Ghosh: Concise History of Economic Thought, Himalaya Publishers.

6. Puttaswamaiah K, Nobel Economists – Lives and Contributions, Indus Public Co.,

New Delhi, 1995.



T.Y.B.A. Semester- VI

MACROECONOMICS III


Preamble:

This course introduces the students to formal modeling of a macroeconomic theory with analytical

tools. It discusses goods market with fixed exchange rate, the money market, uncovered interest

rate parity and the benefits and costs of fixed and flexible exchange rate.


1 The Goods Market in the Open Economy

• Trade Balance and its implications for GDP calculations

• Export and Import Functions; The Real Exchange Rate and

why it matters

• Why equilibrium GDP is consistent with a trade imbalance

• Fiscal and Exchange Rate Policy with a Fixed Exchange Rate.

12

2 Money/Financial Markets and Mundell-Fleming

• The LM equation for the open economy;

• Uncovered Interest Parity and its implications for exchange rate

determination;

• The combined IS/LM/UIP model

• Fiscal and Monetary Policy under Fixed and Flexible Exchange

Rates

• The Mundell-Fleming trilemma

12

3 Exchange Rate Regimes & Exchange RateCrises

• Determination of Exchange Rate in Foreign Exchange Markets:

• Fixed and Flexible exchange rate

• Purchasing Power Parity Theory

12

• Balance of Payments: Components, Disequilibrium and

Adjustments

• Crisis.Exchange Rate crises; The relation between Exchange Rate

crises and other kinds of crises (banking crises, financial crises,

etc.)

4 International Monetary History, 1900-present

• The Gold Standard – The Inter-War Period

Depression

• Bretton Woods System and its collapse -1944

• The Global Financial Crisis and its consequences

• The Euro Crisis

• Asia Infrastructure Investment Bank (AIIB)

• New Development Bank (NDB).

and

the

Great

12

References:

1. Blanchard, Oliver; Macroeconomics (4th edition, 9th impression), Pearson education, New

Delhi, India.

2. Dornbusch R S, Fischer and R Startz; Macroeconomics, 8e Tata Mc Grow Hill, New Delhi

2004.

3. Froyen, R. T.; Macroeconomics : Theory and Policy, Pearson Education Asia, Delhi 2001.

4. Mankiw, Gregory; Macroeconomics, 6e, Worth Publishers, New York, 2003.




INTERNATIONAL ECONOMICS COURSE CODE:

BUAECO602 (2018-19) Credits- 04

Preamble:

This course develops a systematic exposition of models which explain the composition, direction,

and consequences of international trade, and the determinants and effects of trade policy. It then

builds on the models of open economy macroeconomics focusing on national policies as well as

international monetary systems. It concludes with an analytical account of the causes and

consequences of the rapid expansion of international financial flows in recent years.


1 Introduction

• Importance of the study of International Economics

• An overview of world trade

• Distinction between domestic & international Trade

• Concepts of Cost Difference , Adam Smith’s Theory of

International Trade, The Ricardian Theory

12

2 Modern Theories of International Trade

• Heckshcher- Ohlin Theory of International Trade, Factor

Abundance:

• Leontief Paradox

• Haberler‟s theory of Opportunity Cost

• Law of reciprocal demand and offer curves

• Role of Factor Accumulation, Stolper-Samuelson theorem.

• Schumpeter: role of entrepreneur and innovation

12

3 Factor Movements and International Capital Flows

• Factors determining labour and capital mobility

• Challenges and issues in outsourcing

• Classification of International capital flows -(ECBs, short term

borrowings and lending, FDI,FPI)

12

• FDI: The concept and role,

• FDI Inflows- FDI Outflows, social issues in international business-

4 Economics of Integration (12 Lectures)

• Objectives of Economic Integration

• Forms of Integration

• Theory of Customs Union-Trade Creation andTrade Diversion

effects

• Trade Blocs- ASEAN, SAARC, SAFTA

• Regionalism Vs Multilateralism

12

References:

1. Paul Krugman, Maurice Obstfeld, and Marc Melitz, International Economics: Theory and

Policy, Addison-Wesley (Pearson Education Indian Edition), 9th edition, 2012.

2. Dominick Salvatore, International Economics: Trade and Finance, John Wiley International

Student Edition, 10th edition, 2011.

3. Gordon Hanson, „The Rise of Middle Kingdoms: Emerging Economies in Global Trade”,

Journal of Economic Perspectives, Spring 2012.

4. Melitz M. and Trefler D., “Gains from Trade When Firms Matter”, Journal of Economic

Perspectives, Spring 2012.

5. Kindleberger Charles P, International Economics, Homewood, USA, 1978

6. Bo Sodersten and Geofrey Reed, International Economics, Palgrave Macmillan,

199




INDUSTIRAL AND LABOUR ECONOMICS


Preamble:

Issues pertaining to the labour market, wage policy, trade unions and amicable solutions to

industrial disputes have become vital for developing countries, especially for India, where the bulk

of the labour force is employed in the unorganised sector, and the organized sector is witnessing a

phenomenon of ‘jobless’ growth. This paper intends to provide knowledge of the same and also

discusses the importance of labour welfare and social security measures for the growing labour

force in India.


1 Introduction

• Scope and Importance of Labour Economics-

• Characteristics of the Indian Labour Market

• Child Labour and Female Labour – Problems and Measures

• Globalisation and Indian Labour Market

• Labour Market Reforms – Exit Policy and Need for Safety Nets

• Second National Commission on Labour

12

2 Trade Unionism

• Definition and Functions of Trade Unions

• Historical Evolution of Trade Unions in India and Their Present

Status

• Problems of Trade Unions in India

• Measures to strengthen Trade Unions in India

12

• Role of Outside Leadership

3 Industrial Relations

• Causes of Industrial Disputes and Their Settlement Mechanism

• Collective Bargaining – Concept, Stages Involved in Bargaining

Process

• Workers’ Participation in Management – Concept, Objectives and

Forms of Workers

12

4 Labour Welfare and Social Security

• Concept, Theories and Principles of Labour Welfare

• Agencies for Labour Welfare

• Role of the Labour Welfare Officer

• Various social security and labour welfare measures adopted by

Government

International LabourOrganisation and Its Impact on Indian Labour

Legislations

12

References:

1. Datt R. and Sundaram K.P.M, Indian Economy, S.Chand& Co., New Delhi, 2009.

2. Mamoria C.B. and Mamoria S, Dynamics of Industrial Relations, Himalaya

Publishing House, Mumbai, 2002

3. Mishra S.K. and Puri V.K, Indian Economy, Himalaya Publishing House, Mumbai,

2002.

4. Monappa A, Industrial Relations, Tata McGraw Hill Publishing Company Ltd., New

Delhi, 2006

5. RatnaSen, Industrial Relations in India - Shifting Paradigms, Macmillan, New

Delhi, 2005.

6. Singh J.K, Labour Economics – Principles, Problems and Practices, Deep andDeep

Publications Pvt. Ltd., New Delhi, 1998




RESEARCH METHODOLOGY


Preamble:

The main objective of this paper is to train the students to use statistical techniques in economic

research. The emphasis of this paper is on understanding economics with the help of statistical

stools. This course is very beneficial for research


1 Correlation Analysis

• Meaning and utility of correlation analysis

• Correlation and Causation

• Types of correlation

• Methods of studying correlation

1) Scatter Diagram Method

2) Graphic Method

3) Karl Pearson’s Coefficient of Correlation

4) Rank Correlation Coefficient

5) Concurrent Deviation Method

• Probable error and standard error

• Limitations of correlation analysis

12

2 Regression Analysis and Time series

• Meaning and significance of Regression Analysis

• Difference between Correlation and Regression

12

• Types of Regression Analysis

• Regression Equations and Regression Lines

• Methods of studying Regression analysis

1) Least Square Method

2) Graphic Method

3) Algebraic Method

• Calculating Correlation from Regression Coefficient

• Standard Error of Estimate.

• Analysis of Time Series – components –trend analysis- moving

averages (3, 4 and 5 yearly)- method of least square.

3 Index Numbers

• Meaning and uses of Index Numbers

• Methods of Constructing Index Numbers

a) Unweighted Index Numbers

1) Simple Average Method

2) Simple Average of Relative Method

b) Weighted Index Numbers

1) Laspeyer’s Method

2) Paasche’s Method

3) Fisher’s Method

• Base shifting index number

• Consumer Price Index Numbers: Meaning and Utility

• Methods of Constructing Consumer Price Index

1) Aggregate Expenditure Method

2) Budget Method

• Problems in the Constructing of Index Number

12

4 Hypothesis formulation and Report Writing 12

• Definition and functions of hypothesis –Criteria of workable

hypothesis – forms of report- sources of hypothesis

• Hypothesis Testing – Meaning, Concept , Procedure , Degree of

Freedom, Type 1 and Type 2 errors

Report Writing: Significance, types (Technical, Popular and

Interim Report)

References:

1. Gopal, M.H (1970) An Introduction to Research Procedures in Social Sciences, Bombay,

Asia Publishing House.

2. Goode J.Willium&Hatt K. Paul, Methods of social Research, New York, McGraw –Hill.

3. Kothari, C.R (2004) Research Methodology: An Introduction, Delhi, New Age

4. Krishnaswami, O.R &, M.Ranganatham (2011) Methodology of Research in Social

Sciences, Himalaya Publishing House, Mumbai..(Unit 1,2, 3,4)

5. Kumar, Renjith (2009) Research Methodology: A Step by Step Guide for Research, Delhi,

Pearson Education




INDIAN ECONOMIC THOUGHT


Preamble:

The history of Indian economic thought provides rich insights into both economic

issues and the workings of the Indian mind. It will give the student an introduction to

major Indian thinkers and their ideas on Indian economic policy.


1 The Modernists

• Naoroji :- Drain theory, criticism and long run relevance,

• Ranade‟s views on railwayinvestment and the methodology of

Indian economics,

• Gokhale:-Gokhale and theeconomics of education, the rupee ratio

debate ,

• Dr.Ambedkar‟s contribution to the rupeedebate.

12

2 Agriculture, Poverty and Famines

• Why do famines occur?

• Famine policy, criticism of famine policy,

• Ranade‟s views on Poverty and Industrialisation, agrarian policy,

• contribution of Dr.B.R.Ambedkar.

12

3 Economic Policy after Independence

• Nehruvian economics

• Mahalonobis model and planning, industrial stagnation,

industryand trade, agriculture and the wage goods model ,

• reappraisal of Nehru‟s economics

12

4 Economic Thought in Contemporary India

• Measurement of poverty, liberalisation, privatisation and

globalisation

• HumanDevelopment and AmartyaSen‟s contribution

• JagadishBhagawati‟s contribution.

12

References:

1. JadhavNarendra, Ambedkar : An Economist Extraordinaire , Konark Publishers, New

Delhi, 2015.

2. . Dasgupta A.K.(1993) : A History of Indian Economic Thought , Routledge, 1993.

3. Balkrishnan P. , The Recovery of India: Economic Growth in the Nehru Era, Economicand

Political Weekly, Vol. 42, No. 45/46 (Nov. 10 - 23, 2007), pp. 52-66, 2007.

4. A.Pangariya: Why Growth Matters: How India‟s Growth Acceleration has Reduced

Poverty,http://www.cde.org.za/wp-content/uploads/2013/09/Prof%20Arvind%20

Panagariya Why% 20growth% 20matters_% 20How% 20Indias% 20growth% 20

acceleration% 20has% 20reduced% 20poverty.pdf

http://www.cde.org.za/wp-content/uploads/2013/09/Prof%20Arvind




INTERNATIONAL TRADE, POLICY AND PRACTICE


Preamble:

This course is designed for addressing changing phase of International Trade Policy

and Practice. The main purpose of this course is to expose students to current trends

in International developments.


1 Introduction

• Importance of International Trade ,

• Inter-regional and international trade,

• Meaning and functions of foreign exchange markets

• Foreign Exchange Rate: Concepts - Short and Forward rates -

Foreign Exchange rate

determination –

12

2 Balance of Payments

• Structure of Balance of Payments;

• Disequilibrium in BOP –Deficit and Surplus;

• Types of Disequilibrium;

• Causes Disequilibrium;

• Measures (Monetary and Non-Monetary) to Correct

Disequilibrium inthe BOP;

• Marshall- Learner Conditions. Module

12

3 International Financial Institutions and International Debt Problem.

• IMF: IMF- financing facilities and policies

• World Bank : Role and Functions

• New Development Bank (NDB)

• Asia Infrastructure Investment Bank (AIIB) and their role with

special reference to India.

• Global Financial Crisis of 2008

• International Debt Problem

12

4 Role of Foreign Capital Flow

• Factors determining Foreign Investment,

• Foreign Institutional Investment (FII),

• QualifiedForeign Investment (QFI),

• Foreign Portfolio Investment (FPI),

• Role of FDI in EconomicDevelopment- Factors influencing FDI

inflows-

• Green Field and Brown field FDI inIndia,

• Foreign Investment and Role of MNCs in India.

12

References:

1. Robert J Carbaugh, International Economics, South-Western Cengage Learning,

USA, 2017.

2. Paul R Krugman, Maurice Obstfeld and Melitz Mark, International Economics:

Theory and Policy, Princeton University, USA, 2015.

3. Dennis R Appleyard, Alfred J Field, International Economics, McGraw-Hill,

USA, 2013.

4. Robert J Carbaugh, International Economics(With Xtra! and Info Trac), South

Western College Pub, 2003.

5. Kindleberger Charles P., International Economics,3rd edition, R. D. Irwin,

Homewood, IL, 1963.

6. Bo Sodersten and Geofrey Reed, International Economics, 3rd Edition, Palgrave

Macmillan; (May 15, 1994



M.A. Semester- I

MICRO ECONOMIC ANALYSIS I

COURSE CODE: BPABECO101 (2018-19) Credits- 04

Preamble:

The course is designed to provide sound training in microeconomic theory. Since students have

already studied the perfect competition, imperfect completion and general equilibrium and

welfare economics


1 Introduction and Basic Concepts.

Meaning, Scope and significanceof Business Economics- Basic

Economic Problems - Choice and Scarcity- - Production Possibility

frontier – positive and normative economics- Basic economic

relation- functional relations: equations – Total average and marginal

relation- use of marinalanylysis in decision making- Concept of

Equilibrium: General Equilibrium v/s Partial Equilibrium

-Walrasian theory of General Equilibrium

12

2 Demand Analysis

Law of Demand, Demand Determination – change in Demand-

Exceptions in the Law of demand, Giffen;s Paradox: meaning,

Significance, types and measurement of elasticity of demand(price,

income and promotional) consumer’ s surplus- demand estimation

and demand forecasting: meaning and significance: methods of

demand forecasting : survey and statistical method

12

3 Production and Cost Analysis 12

Production functions, types of production functions- short Run with

the law of variable proportion, long run production function and

returns to scale- economies of scale

Cost concept: Accounting cost and economic cost, implicit and

explicit cost, fixed and variable cost, total, average and marginal

cost, opportunity cost, producer’s surplus.

4 Competition and Markets

Assumptions of perfect market, demand and supply curves of

individual firms, competitive market equilibrium, , price-controls -

Market failure, imperfect markets : monopolistic competition and

oligopoly, sources of monopoly power, monopoly market

equilibrium, price discrimination – first, second and third degree,

price rigidity.

12

REFERENCES:

1) Ahuja H. L., Advanced Economic Theory : Microeconomics Analysis, 13th Edition, S.

Chand and Co. Ltd., New Delhi.

2) Baumol, W.J. (1982): Economic Theory and Operations Analysis, Prentice Hall of

India, New Delhi.

3) Dewett K. K., Modern Economic Theory, S. Chand & Company Ltd., Revised Edition,

2005.

4) Koutsoyiannis, A. (1979): Modern Microeconomics, 2nd ed., Macmillan Press,

London.

5) Kreps, David M (1990): A Course in Microeconomic Theory, Princeton University

Press,Princeton.

6) Sen, A. (1999): Microeconomics: Theory and Applications, Oxford University Press,

New Delhi.

7) Stigler, G. (1996): Theory of Price, 4th ed., Prentice Hall of India, New Delhi.

8) Varian, H. (2000): Microeconomic Analysis, W.W. Norton, New York.



M.A. Semester- I

MACRO ECONOMIC ANALYSIS I


Preamble: This course is designed to introduce the student to the basic building blocks

of macroeconomics. Using an open economy framework, the course develops an



policies

Sr. No.

Modules/Units Lectures

(48)

1 National Income Accounting

National Income – Concept and Measurement – GDP – GNP

Different forms of national income accounting: Social accounting,

flow of funds accounting and balance of payments accounting-

Difficulties in the Measurement of National Income - Social

Accounting – Presentation of Social Accounts - Importance of

Social Accounting – Difficulties in Social Accounting.

12

2 Economics of aggregates

Classical Theory of Income, Output and Employment – Keynesian

Theory of Income, Output and Employment – Say’s Law of Market

– Principles of Effective Demand – Importance of Effective

Demand – Aggregate Demand and Aggregate Supply

12

3 Demand for money and Supply of Money

Classical Approach to Demand for Money – Fisher and Cambridge-

Keynesian approach - Liquidity Preference Theory: Transaction,

Precautionary and Speculative Demand for Money- Milton

Friedman’s Approach – Wealth theory- Port folio balance

Approach – Baumol and Tobin. - Components of money supply.

Measurement of money supply- RBI Approach to Money Supply - M1, M2, M3- High Powered Money and Money Multiplier

12

4 Consumption Function

Keynes, psychological law of consumption – implication 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.

Equilibrium, price discrimination – first, second and third degree,

price rigidity.

12

REFERENCES

1) D’Souza, Errol (2008), Macroeconomics, Pearson Education, Delhi.

2) Gupta R.D. and Rana A.S. (1998): Post-Keynesian Economics, Kalyani Publishers,

Ludhiana.

3) Jha, R (1991) : Contemporary Macro Economic theory and Policy, Wiley Eastern Ltd.,

4) Keynes, J.M (1936) : General Theory of Employment, Interest and Money

5) Mithani D. M., Money, Banking, International trade and public finance, Himalaya

Publications

6) Rakshit, M. (1998), Studies in the Macroeconomics of Developing Countries, Oxford

University Press,

New Delh



M.A. Semester- I

ECONOMICS OF BANKING I


Preamble:

The course is designed to provide sound training of banking theory. This will help the

students in studying the subject and preparation for their examination.

Sr. No.


(48)

1 Money

Money – Meaning, Classification and Functions- Gresham’s law-

Monetary standards – Metallic and paper systems of note issue-

Measures of money supply and sources of reserve money in India,

Brief history of Indian Rupee- Value of money - Measurement and

determination.

12

2 Commercial Banking

Meaning and functions of commercial banks, the process of credit creation – Purpose and limitations, Liabilities and Assets of banks-

Investment policy of commercial banks- Commercial bank and

economic development- Co-operative banks. A critical appraisal of

the progress of commercial banking after nationalization-

12

3 Central Banking

Functions, objectives and methods of credit control – quantitative

and qualitative methods- Role and functions of Reserve Bank of

India- Objectives and limitations of monetary policy of RBI-

Recent Policy measures

12

4 Indian Money Market and Banking

Structure of financial market in India- Structure and functions of

Indian money market including call money, treasury bills and

commercial bills, weaknesses of money market in India- Money

12

markets instruments- Development banking in India –IFCI, IDBI,

and ICICI.

REFERENCES:

1) Gupta, S. B. (1983) Monetary Economics, 2/e, S. Chand & Co., New Delhi.

2) Mitra, S. (Ed.) (1970). Money and Banking, Random House, New York.

3) Savors, R. S. (1978). Modern banking, 7/e, Oxford University Press, Delhi.

4) Chandlar, L. V. and S. N. Goldfield (1977). Economics of Money & Banking, 7/e,

Harpar and Row, New York

5) Sayers, R.S. Modern Banking, Oxford University Press, New Delhi

6) Smith, P.F. Economics of Financial Institutions & Markets, Prentice Hall

7) Gupta, S.B. Monetary planning for India, S. Chand & Company, New Delhi

8) Grabble, J.O International Financial Markets, Elsevire, New York



M.A. Semester- I

STATISTICS FOR ECONOMICS I


Preamble:

The main objective of this paper is to train the students to use the techniques of statistical

analysis, which are commonly applied to understand and analyze economic problems.

The emphasis of this paper is on understanding economics with the help of quantitative

techniques. Hence, in this paper a student will be initiated into various economic

concepts, which are amenable to mathematical treatment.

Sr. No.


(48)

1 Introduction and Basic Statistics

Statistics: Definition, types, scope, functions and limitations –

Diagrammatic and graphical presentation of data- Institutional

arrangements for statistical data in India –Central Tendency-

Meaning, Importance and Uses- Types of Measures of Central

Tendency: Arithmetic Mean, Median, Mode, Harmonic Mean,

Geometric Mean – The relation between Arithmetic Mean;

Geometric Mean; and Harmonic Mean.

12

2 Measures of Dispersion Periods

Dispersion - Meaning of the Concept, Importance and Uses -

Requirement Of a good- Measures of Dispersion - Types of

12

Measures: Range & Its Co-Efficient - Mean Deviation & Its Co-

Efficient - Standard Deviation, Variance & its Co-Efficient -

Lorenz Curve

3 Skewness, Moments and Kurtosis

Sknewness: Meaning,Concept, Test of Skewness- Measures of

Skewness: Absolute Measures and Relative Measures-Karl

Pearson’s Coefficient of Skewness, Bowley’s Coefficient of

Skewness, Kelly‘sCoefficient of Skewness- Moments: Meaning,

Concept, Objectives, Moments about the Mean, Momentsabout the

arbitrary origin- Kurtosis: Meaning, Concept, Measures of Kurtosis

12

4 Correlation and Regression

Correlation - Methods of Studying Correlation - Karl Pearson’s

Coefficient of Correlation , Spearman’s Rank Correlation- Partial

and Multiple Correlation- Regression : Concept & Linear Regression

-Fitting of Lines Of Regression By the Least Squares Method -Partial

and Multiple regression

12

REFERENCES:

1) Agarwal Y.P: Statistical Methods: Concepts, Applications and Computations, New

Delhi: Sterling Publishers, 1988.

2) Allen R.G.D.: Statistics For Economics; Hutchinson & Co. Ltd. London(1949)

3) Blalock, Hubert M: Social Statistics, London: McGraw Hill, 1981.

4) CroxtonFrederiel, Dudley J. Gowden and Sidny Klein: Applied General Statistics,

New Delhi: Prentice Hall, 1975.

5) Edward A.L: Statistical Methods for the Behavioural Sciences, New York: Rinchart&

Co, 1954.

6) Garrett E: Statistical Methods for Research Worker, New York, Hafner Publishing &

Co, 1950.

7) Grewal P.S: Methods of Statistical Analysis, New Delhi: Sterling Publishers, 1990.

8) Gupta C.B: An Introduction to Statistical Methods, New Delhi, Vikas Publishers,

2005.

9) Gupta S.P: Statistical Methods, New Delhi, Chand & Co, 2005.

10) Gupta. S.C: Fundamentals of Statistics, Bombay, Himalaya Publishing House, 2000.

11) Mansfield, Edwin: Statistics for Business and Economics, New York: Norton and Co,

1980.

12) S.C. Gupta And Mrs. Indira Gupta: Business Statistics: Himalaya Publishing House;

Delhi(1997)

13) Walker H.M & Lev J: Statistical Inference, New York: Holt, 1980.



M.A. Semester- II

MICRO ECONOMIC ANALYSIS II


Preamble:

The main objective of this paper is to train the students to analysis which are commonly

applied to understand economic problems. The emphasis of this paper is on

understanding economics with the help of quantitative techniques. Hence, in this paper a

student will be initiated into various economic concepts.

Sr. No.


(48)

1 Theories of the firm

Objectives of modern Firm- Baumol’s Sales Revenue Maximization Model- Williamson’s Model of Managerial Discretion- Marris

Model of Managerial Enterprise, The Hall and Hitch Report – Full

Cost Pricing Rule- Bain’s Limit pricing theory and its recent

developments including Sylos–Lobini’s Model- Behavioral Model

of the Firm

12

2 Distribution

Neo-Classical Approach – Marginal Productivity Theory – Product Exhaustion Theorem- Technical Progress and Factor Shares- Theory

of Distribution under Imperfect Product and Factor Markets, Modern

Theory of Rent, Determination Wages, Interest and Profit.

12

3 Welfare Economics 12

Pareto Optimal Conditions- Paretian Welfare Criterion – Value

Judgment, Social Welfare Function- Compensation Principle-

Inability to obtain Optimum Welfare – Imperfections Market Failure,

Decreasing Costs, uncertainty and Non-Existent and Incomplete

Markets- Theory of Second Best – Arrow’s Impossibility Theorem,

Equity – Efficiency Trade-Off.

4 Project Planning and Capital Budgeting

Need for project planning, Meaning and significance of capital

budgeting, Investment appraisal methods, Payback period, Net

present value, Internal rate of return,

12

REFERENCES:

1) Koutsoyiannis A (1985), ‘Modern Micro Economics’ Macmillan Press Ltd.,

2) Ahuja H.L. (1982), ‘Advanced Economic Theory’ S. Chand & company Ltd., New

Delhi.

3) Chopra P.N (1981), ’Advanced Micro Economics’ Kalyani Publications

4) Layard, P.R.G. and Walters, A.A. (1978). Microeconomic Theory, McGraw Hill, New

York.

5) Little, I.M.D. (1957). Critique of Welfare Economics (2nd edition), Oxford University

Press, Oxford



M.A. Semester- II

MACRO ECONOMIC ANALYSIS II


Preamble:





Sr. No.


(48)

1 Macro Economic Policies

Monetary Policy – Fiscal Policy – Income Policy – Neo–Classical

Policy – Austrian Policy – The Austrian Critique of Keynesian

economics – Post – Keynesian Policy and the deficit

12

2 Theory of Inflation & Trade Cycle

Classical, Keynesian Monetarist Approach to Inflation-

Structuralism Theory – Inflation –Phillips curve Analysis –

Samuelson and Solow. The Natural Rate of Unemployment

Hypothesis, Tobins Modified Phillips Curve.

12

3 Issues in Stabilization Policies

Lags in the Effects of Policy – The Role of Expectations –

Uncertainty and Economic Policy– Budget deficit and inflation – the

mechanics of financing the budget – Income Policies – Supply side

economics – The Laffer Curve – Monetarism Vs. Fiscalism – The

Portfolio Approach – Crowding out Effect – Fine tuning or Stable

Policy Setting.

12

4 Macroeconomics: From Open Economy point of view

Market for foreign exchange, devaluation and depreciation, real and

nominal exchange rate, factors affecting exchange rate, Mundell-

Fleming model, fixed versus floating exchange rate, price

adjustment, role of fiscal and monetary policies under alternative

exchange rate regimes, purchasing power parity concept

12

REFERENCES:

1) Koutsoyiannis A (1985), ‘Modern Micro Economics’ Macmillan Press Ltd.,

2) Ahuja H.L. (1982), ‘Advanced Economic Theory’ S. Chand & company Ltd., New

Delhi.

3) Chopra P.N (1981), ’Advanced Micro Economics’ Kalyani Publications

4) Layard, P.R.G. and Walters, A.A. (1978). Microeconomic Theory, McGraw Hill, New

York.

5) Little, I.M.D. (1957). Critique of Welfare Economics (2nd edition), Oxford University

Press, Oxford



M.A. Semester- II

ECONOMICS OF BANKING II


Preamble:





Sr.

No.


(48)

1 Theories of Money

Theories of Value of Money- Fisher, Cambridge equations, the Cash

Balances Approach- Keynesian Theory of Money and Prices, The

Real Balance Effect, Wicksell’s contribution.

12

2 Financial intermediaries in India

The Indian commercial banking- Functions and growth of financial

institutions in India -Recent reforms in banking sector in India -Non-

bank financial intermediaries (NBFI’s) - The currency and credit

schools- - Role of Non-Banking financial institutions in India –

Mutual funds, LIC, Investment companies, venture capital- Role of

12

regulatory authorities – SEBI and IRDA.- Financial sector reforms

in India

3 Monetary Policy

Principles of Monetary Policy: Its meaning, objectives, frame work,

targets and indicators of monetary policy; Transmission mechanism

of monetary Policy- Restrictive Vs. accommodating monetary

policy- Need and effectiveness of monetary policy- Lags in

monetary policy- Role of monetary policy in developing countries -

Monetary and credit planning - Monetarist and Keynesian views on

monetary policy

12

4 Inflation and Trade cycle

Inflation Measurement and types of Inflation, Demand and Supply

side Inflation, Causes and effects of Inflation, Methods to Check

Inflation, stagflation and Anti- Inflation Policy, Inflation and Indian

Economy. Inflation and Unemployment- Philips curve, The

Relationship between Inflation and Unemployment, Long run

Phillips Curve- Business Cycles Meaning and Nature, Theories of

trade Cycle: Schumpeter, Keynesian, Samuelson and Hicks - Non-

Monetary theories of business cycles.

12

REFERENCES:

1) Gupta, S. B. (1983) Monetary Economics, 2/e, S. Chand & Co., New Delhi.

2) Mitra, S. (Ed.) (1970). Money and Banking, Random House, New York.

3) Savors, R. S. (1978). Modern banking, 7/e, Oxford University Press, Delhi.

4) Chandlar, L. V. and S. N. Goldfield (1977). Economics of Money & Banking, 7/e,

Harpar and Row,

New York

5) Sayers, R.S. Modern Banking, Oxford University Press, New Delhi



M.A. Semester- II

STATISTICS FOR ECONOMICS II


Preamble:

The main objective of this paper is to train the students to use the techniques of statistical

analysis, which are commonly applied to understand and analyze economic problems.

The emphasis of this paper is on understanding economics with the help of quantitative

techniques

Sr.

No.


(48)

1 Interpolation and Extrapolation

Meaning and Significance of interpolation and extrapolation-

Assumptions of interpolation and extrapolation- Methods of

Interpolation, Binomial Method, Newton’s method , Lagrange

method

12

2 Statistical Inference and Testing of Hypothesis

Hypothesis Testing – Meaning, Concept , Types, Procedure , Degree

of Freedom, Type 1 and Type 2 errors-Goodness of fit, Confidence

intervals and level of significance-Tests of significance for Large

Samples -Test of Significane for Small Samples- Studen’s t test, Z

test and Chi Square Test

12

3 Analysis of Variance 12

Introduction, Assumptions and Techniques-Variance in One Way

Classification-Variance in Two Way Classification - ANOVA table

, F test

4 Sampling techniques

Census Method – Meaning, Merits and Demerits of Census

Method, Sample Method – Meaning, Merits and Demerits of

Sample Method- Methods of Sampling - Random Sample – Simple

Random sampling, Stratified Sampling, Systematic Sampling,

Multistage Sampling, non-random sampling techniques- Judgment

Sampling, Convenience Sampling, Cluster Sampling, Sequential

Sampling

12

REFERENCES:

1) Agarwal Y.P: Statistical Methods: Concepts, Applications and Computations, New

Delhi: Sterling Publishers, 1988.

2) Blalock, Hubert M: Social Statistics, London: McGraw Hill, 1981.

3) CroxtonFrederiel, Dudley J. Gowden and Sidny Klein: Applied General Statistics,

New Delhi: Prentice Hall, 1975.

4) Edward A.L: Statistical Methods for the Behavioural Sciences, New York: Rinchart&

Co, 1954.

5) Garrett E: Statistical Methods for Research Worker, New York, Hafner Publishing &

Co, 1950.

6) Grewal P.S: Methods of Statistical Analysis, New Delhi: Sterling Publishers, 1990.

7) Gupta C.B: An Introduction to Statistical Methods, New Delhi, Vikas Publishers,

2005.

8) Gupta S.P: Statistical Methods, New Delhi, Chand & Co, 2005.

9) Gupta. S.C: Fundamentals of Statistics, Bombay, Himalaya Publishing House, 2000.



M.A. Semester- III

ECONOMICSOF GROWTH & DEVELOPMENT I


Preamble:



development

Sr.

No.


(48)

1 INTRODUCTION

Development and underdevelopment – perpetuation of under

development – absolute and relative; per capita income, inequality

of income and wealth, Human development index and other indices

of development and quality of life; Food security, education, health

and nutrition – Human resource development – population problem

and growth pattern of population. Population, poverty

12

2 THEORIS OF DEVELOPMENT

Theories of development – classical theory of development- Karl Marx’s theory of development – theory of social change;

Immutable laws of capitalist development – crisis in capitalism-

Schumpeter and capitalist development- Kremer’s O-ring theory

of economic development.

12

3 AGRICULTURE, INDUSTRY IN ECONOMIC

DEVELOPMENT

12

Importance of agriculture and industry in economic development –

The model of complementarities between agriculture and industry-

Rationale and pattern of industrialization in developing countries-

The choice of technology and appropriate technology infrastructure

and its importance.

4 LESS DEVELOPED COUNTRIES AND DEVELOPMENT

Need for investment criteria in less developed countries; present vs.

future growth; Alternative investment criteria; cost – benefit

analysis- Role of monetary and fiscal policies in developing

countries - WTO and developing countries.

12

REFERENCES:

1) Adelman I. (1961) Theories of Economic development, Stanford University Press.

2) Behrman S. and T.N. Srinivasan (1965), Handbook of Development economics, Vol.3, Elsevier,

Amesterdam.

3) Brown M. (1966), On the Theory and Measurement of Technical Change, Cambridge University,

Press, Cambridger, Mass.

4) Chenary H.B. and T. N. Srinivasan, (Eds.), (1989), Handbook of Development Economics, Vol.1& 2,

5) Chenery, H. and T. N. Srinivasan (Eds.) (1989), Handbook of Development Economics, Vols. 1 & 2,

Elsevier, Amsterdam.

6) Dasgupta, P. (1993), An Enquiry into Well-being and Destitution, Clarendon Press, Oxford.

7) Ghatak, S. (1986), An Introduction to Development Economics, Allen and Unwin, London.

8) Gilliis, M. D. H. Perkins, M. Romer and D. R. Snodgrass (1992), Economics of Development, (3rd

Edition), W. W. Norton, New York.

9) Hogendorn, J. (1996), Economic Development, Addison, Wesley, New York.

10) Kindleberger, C.P. (1977), Economic Development, (3rd Edition), McGraw Hill, New York.

11) Meier, G. M. (1995), Leading Issues in Economic Development, (6th Edition), Oxford University

Press, New Delhi.



M.A. Semester- III

INTERNATIONAL TRADE & FINANCE-I


Preamble:



development

Sr.

No.


(48)

1 THEORIES OF INTERNATIONAL TRADE

The Classical Theory of International Trade- Adam Smith’s Absolute Cost Advantage version, Ricardo’s Doctrine of

Comparative Costs, Opportunity Cost version by Haberler;

Comparative Costs Doctrine Expressed in Terms of Money by

Iaussig. Pro-trade, anti trade and neutral trade growth

12

2 MODERN THEORIES OF INTERNATIONAL TRADE

Heckscher-Ohlin Theory- Factor Endowments Theory: Revisited, Graphical Demonstration of Complete Factor Price Equalisation

Lerner’s Illustration of Factor Price Equalisation, Kindleberger’s

Model of Factor-Price Equalisation – Leontief’s Paradox - I.B.

Kravis’s Availability Doctrine – The Stolper- Samuelson Theorem - The Linder Theory- TheRybezynski Theorem

12

3 BALANCE OF PAYMENTS AND FOREIGN EXCHANGE

MARKET

Meaning, Structure and Importance of Balance of Trade and

Balance of Payments - Disequilibrium in Balance of Payments:

12

Kinds, Causes, Measures- Adjustment Process to Disequilibrium in

Balance of Payments - Foreign Trade Multiplier - Rate of exchange

determination: Purchasing Power Parity theory, Spot exchange market, Forward exchange market

4 EXTERNAL SECTOR OF INDIA

Volume, Composition and Direction of India’s Foreign Trade since 1991 - Trade Reforms- Trade Policy Since 1991 onwards – Trends

in India’s BOP since 1991-Rupee convertibility

12

BASIC READING LIST:

1) Bhagwati, J. (Ed.) (1981), International Trade, Selected Readings, Cambridge

University Press, Massachusetts

2) Carbough, R. J. (1999), International Economics, International Thompson Publishing,

New York.

3) Chacholiades, M. (1990), International Trade: Theory and Policy, McGraw Hill

Kogakusha, Japan.

4) Dana, M.S. (2000), International Economics: Study, Guide and work Book(5th

Edition), Routledge Publishers ,London.

5) Krugman, P. R. and M. Obstfeld (1994), International Economics Theory and Policy,

Glenview Foresman

6) Salvatore, D. (1997), International Economics, Prentice Hall, Upper Saddle River N. J.

New York

7) Soderstron, Bo (1991), International Economics, The Macmillan Press Ltd London

8) Mithani D.M. (1997), International Economics, Himalaya publishing House, Mumbai



M.A. Semester- III

PUBLIC ECONOMICS-I


Preamble:



development

Sr.

No.


(48)

1 INTRODUCTION

Economic Rational of government; Fiscal Function of the government,

Market failures: Imperfections, Decreasing cost; Concepts of Private

Goods and Social Goods; Social welfare function; Theory of second best.

12

2 PUBLIC EXPENDITURE

Public Expenditure: Structure and growth of public expenditure;

Economic Effects of public expenditure; Wagner’s Law; Wiseman –

Peacock Hypothesis; Social Cost- Benefit Analysis; Reforms in

expenditure budgeting

12

3 PRINCIPALS OF TAXATION 12

Principle of Fiscal Neutrality; Excess Burden; Doctrine Principle of

Equity, Benefit Principle; Bowen and Lindhal Models, Ability to pay

Principle; theory of optimal taxation; Effects of taxation on work effort,

Savings, investment and growth.

4 IMPACTS AND INCIDENCE OF TAXES

Meaning of Impact and Incidence of taxes ; Distinction between Impact

and Incidence of taxes ; types of Incidence; theories of Shifting

Incidence; Shifting of Tax Incidence under Different Market Conditions.

12

REFERENCE BOOKS

1) Atkinsin, A.B. and J.E. Siglitz (1980), Lectures on Public Economics, Tata McGraw Hill, New

York.

2) Auerbach, A.J. And M. Feldstern (Eds.) (1985), Handbook of Public Economics, Vol.I, North

Holland, Amsterdam.

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

4) Goode, R. (1986), Government Finance in Developing Countries, Tata McGraw Hill, New

Delhi.

5) Jha, R. (1998), Modern Public Economics, Rutledge, London.

6) Menutt, P. (1996), The Economics Public Choice, Edward Elgar, U.K.

7) Musgrave, R.A. (1959), The Theory of Public Finance, McGraw Hill, Kogakhusa, Tokyo.

8) Musgrave, R.A. and P.B. Musgrave (1976), Public Finance in Theory and Practice, McGraw

Hill Kogakusja, Tokyo.

9) Shome, P. (Ed), (1995), Tax Policy: Handbook, Tax Division, Fiscal Affairs Department

International Monetary Fund, Washington D.C.



M.A. Semester- III

PUBLIC ECONOMICS-I


Preamble:



development

Sr.

No.


(48)

1 INTRODUCTION

Economic Rational of government; Fiscal Function of the government,

Market failures: Imperfections, Decreasing cost; Concepts of Private

Goods and Social Goods; Social welfare function; Theory of second best.

12

2 PUBLIC EXPENDITURE

Public Expenditure: Structure and growth of public expenditure;

Economic Effects of public expenditure; Wagner’s Law; Wiseman –

Peacock Hypothesis; Social Cost- Benefit Analysis; Reforms in

expenditure budgeting

12

3 PRINCIPALS OF TAXATION

Principle of Fiscal Neutrality; Excess Burden; Doctrine Principle of

Equity, Benefit Principle; Bowen and Lindhal Models, Ability to pay

12

Principle; theory of optimal taxation; Effects of taxation on work effort,

Savings, investment and growth.

4 IMPACTS AND INCIDENCE OF TAXES

Meaning of Impact and Incidence of taxes ; Distinction between Impact

and Incidence of taxes ; types of Incidence; theories of Shifting

Incidence; Shifting of Tax Incidence under Different Market Conditions.

12



M.A. Semester- IV

PUBLIC ECONOMICS-II


Preamble:



development

Sr.

No.


(48)

1 PUBLIC DEBT

Classical and modern views of Public debt; Sources of Public debt;

burden of public debt; public borrowings and price level; Principles of

public debt management and repayment

12

2 FISCAL POLICY

Objectives of fiscal policy: Full employment, Anti- inflation, economic

growth, redistribution of income and wealth; Instruments of fiscal policy;

macroeconomic effects of fiscal deficits; the high inflation trap; Fiscal

deficit in India; Indian fiscal policy since 1991

12

3 FISCAL FEDERALISM 12

Fiscal federalism in India; Vertical and horizontal imbalance; Sources of

revenue of centre and state ; Decentralization theorem ; role of Finance

Commission and Planning Commission; Criteria for transfer of

resources; Deficit finance – Causes and Consequences

4 INDIAN FINANCES

Tax systems in India: Structure, Composition; Sources of Revenue of the

Union, States and local bodies; Classification of taxes: Direct and

indirect taxes, progressive, proportionate and regressive taxes, Ad-

valorem and specific taxes; reforms in direct and indirect taxes; Analysis

of Central and State government budgets.

12

REFERENCE BOOKS:

1) Atkinsin, A.B. and J.E. Siglitz (1980), Lectures on Public Economics, Tata McGraw Hill,

New York.

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

3) Goode, R. (1986), Government Finance in Developing Countries, Tata McGraw Hill, New

Delhi.

4) Houghton, J.M. (1970), The Public Finance: Selected Readings, Penguin, Harmondswortth.

5) Jha, R. (1998), Modern Public Economics, Rutledge, London.

6) Menutt, P. (1996), The Economics Public Choice, Edward Elgar, U.K.

7) Musgrave, R.A. (1959), The Theory of Public Finance, McGraw Hill, Kogakhusa, Tokyo.

8) Musgrave, R.A. and P.B. Musgrave (1976), Public Finance in Theory and Practice, McGraw

Hill Kogakusja, Tokyo



M.A. Semester- IV

INTERNATIONAL TRADE & FINANCE-II


Preamble:



development

Sr.

No.


(48)

1 STRUCTURE OF INTEREST RATES:

Theories of Interest rate determination - level of interest rates - long

period and short period rates- Term structure of Interest rates-Spread

between lending and deposit rates- Administered interest rates-

Appropriate interest rate policy.

12

2 Financial Markets in India:

Role and Structure of Money Market- Features of Indian money

market, defects and measures to correct them- Capital Market - Call

Money Market, Treasury Bill Market, Commercial Bill Market

including commercial paper and certificate- Role of SEBI (

12

Securities and Exchange Board of India) and IRDA (Insurance

Regulatory Development Authority)

3 Non Banking Financial Institutions

Non-banking financial institutions: Nature, Significance, types and

performance, Regulations in India- Functions of Small Saving and

Provident Funds- Performances of General & Life Insurance

company, Mutual Funds- Role& working of IFCI, ICICI, IDBI,

EXIM bank, SIDBI, SFC’s.

12

4 International Financial Market:

Nature, organization and participants, Exchange rates, devaluation

and depreciation- Working of floating exchange rates since 1991-

International Financial flows, forms and volume- Reforms in

International monetary system for developing countries- Lending

operation of World Bank and its affiliates- Asian development bank

and its lending activities,

12

BASIC READING LIST:

1) Bhagwati, J. (Ed.) (1981), International Trade, Selected Readings, Cambridge

University Press, Massachusetts

2) Carbough, R. J. (1999), International Economics, International Thompson Publishing,

New York.

3) Chacholiades, M. (1990), International Trade: Theory and Policy, McGraw Hill

Kogakusha, Japan.

4) Dana, M.S. (2000), International Economics: Study, Guide and work Book(5th

Edition), Routledge Publishers ,London.

5) Krugman, P. R. and M. Obstfeld (1994), International Economics Theory and Policy,

Glenview Foresman

6) Salvatore, D. (1997), International Economics, Prentice Hall, Upper Saddle River N. J.

New York

7) Soderstron, Bo (1991), International Economics, The Macmillan Press Ltd London

8) Mithani D.M. (1997), International Economics, Himalaya publishing House, Mumbai

B. K. Birla College of Arts, Science and Commerce,(Autonomous) Kalyan

Syllabus for Certificate Course

Academic Year, 2018-19

Preamble:

This certificate course is designed to inculcate diverse concepts related to export and

import management. By giving special emphasis on structural issues related to the

process of development.

Sr.

No.


(30)

1 Preliminaries for Exports and Imports:

Meaning and Definition of Export – Classification – Strategy and

Preparation for Export Marketing – Export Marketing

Organizations – Registration Formalities – IEC – RCMC – Export

Licensing – Selection of Export Product – Identification of Markets

– Methods of Exporting – Pricing Quotations – Payment Terms –

Letter of Credit.

8

2 Export Import Documentation

Aligned Documentation System – Commercial Invoice – Shipping Bill – Consular Invoice – Mate’s Receipt – Bill of Lading – GR Form– Types of Marine Insurance Policies.Import Documents –

8

EXPORT IMPORT MANAGEMENT

Transport Documents – Bill to Entry – Certificate of Inspection –

Certificate of Measurements – Freight Declaration.

3 Export-Import Procedure

Steps in Export Procedure – Export Contract – Forward Cover –

Export Finance – Institutional framework for Export Finance –

Excise Clearance – Pre-shipment Inspection – Methods of Pre-

shipment Inspection – Marine Insurance – Role of Clearing and

Forwarding Agents – Shipping and Customs Formalities – Customs

EDI System – Negotiation of Documents – Realization of Exports

Proceeds.

7

4 Policy and Institutional Framework for Exports and Imports

Foreign Trade Policy – Highlights – Special Focus Initiatives –

Duty Drawback – Deemed Exports – ASIDE – MAI & MDA – Star

Export Houses – Town of Export Excellence – EPCG Scheme –

Incentives for Exporters. Export Promotion Councils-Commodity

Boards – FIEO – IIFT – EOUs – SEZs – ITPO – ECGC – EXIM

Bank.

7

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