Download B.A. I(Hons) Economics

PAPER 1-B.A. 1st (HONS) 1ST SEMESTER
Micro Economics-1
Theory: 90 Marks
Internal Assessment: 10 Marks
M. Marks: 100
Time: 3 hours
Note: The Question paper will have nine questions, including two questions from each unit. The
candidate will be required to attempt five questions in all. The question number one will be
compulsory and it will have twelve short-answer type questions (each carrying two marks)
uniformly spread over entire syllabus. The candidate will be required to attempt ten out of these
twelve short answer type questions. Out of the remaining eight questions (each carrying 18
marks), the candidate will be required to attempt four questions selecting one from each unit.
Unit-1
Introduction: Nature and scope of economics, methodology of economics, choice as an economic
problem.
Demand Analysis: Demand function, Elastic ties of demand (price, income and cross); degrees
and measurement. Supply analysis.
Unit-2
Consumer behavior: consumers’ equilibrium, Marshallian analysis, indifference curve approach
and revealed preference theory.
Consumer Surplus: concept and measurement
Unit-3
Theory of Production: production function, iso-quants, production possibility curve, laws of
production, economies of scale.
Theory of Cost: different concepts and their interrelations, traditional and modern theory of cost.
Unit-4
Theory of firm and market structure (A): Perfect competition: short run and long run equilibrium
of firm and industry, price and output determination, supply curve.
Monopolistic competition: short run and long run equilibrium of firm, product differentiation and
selling cost.
Monopoly: short run and long run equilibrium of firm, price discrimination.
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References:
Paul A. Samulson: Micro Economics
A. Koutsoyiannis: Modern Micro Economics
C.S Barla: Advanced Micro Economics
N.C.Ray: An Introduction to Micro Economics
Hal R. Varian: Micro Economic Analysis
Dominick Salvatore: Micro Economic Theory
H.L. Ahuja: Modern Micro Economics
M.L. Seth: Micro Economics
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PAPER -B.A. 1st (HONS) 2nd SEMESTER
Micro Economics-2
Theory: 90 Marks
Internal Assessment: 10 Marks
M. Marks 100
Time: 3 hours
Note:
The Question paper will have nine questions, including two questions from each unit. The
candidate will be required to attempt five questions in all. The question number one will be
compulsory and it will have twelve short-answer type questions (each carrying two marks)
uniformly spread over entire syllabus. The candidate will be required to attempt ten out of these
twelve short answer type questions. Out of the remaining eight questions (each carrying 18
marks), the candidate will be required to attempt four questions selecting one from each unit.
Unit-1
Theory of firm and market structure: Oligopoly: Non-collusive (cournot, Bertrand and Kinked
demand curve) Collusive oligopoly: (cartels and mergers, price leadership)
Alternative theories of the firm: critical evaluation of marginal analysis, Baumol’s sales revenue
maximization model.
Unit-2
Factor pricing and distribution: Rent; Ricardian and modern theories of rent, Wages; marginal
productivity theory and modern theory, Interest: classical, neo-classical, keynesian and modern
theory of interest and theories of profit.
Unit-3
General equilibrium: concepts of equiblirium, walrasian excess demand model, existence,
stability and uniqueness of equilibrium and general equilibrium.
Linear models: elementary input-output analysis, linear programming.
Unit-4
Welfare Economics: Pareto optimality criterion and its limitations, Pareto optimality in resource
allocation and product distribution.
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References:
Paul A. Samulson: Micro Economics
A. Koutsoyiannis: Modern Micro Economics
C.S Barla: Advanced Micro Economics
N.C.Ray: An Introduction to Micro Economics
Hal R. Varian: Micro Economic Analysis
Dominick Salvatore: Micro Economic Theory
H.L. Ahuja: Modern Micro Economics
M.L. Seth: Micro Economics
P.N.Chopra: Micro Economics and Welfare Economics.
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PAPER -B.A. 1st(HONS) 1st SEMESTER
Macro Economics-1
Theory: 90 Marks
Internal Assessment: 10 Marks
M. Marks 100
Time: 3 hours
Note:
The Question paper will have nine questions, including two questions from each unit. The
candidate will be required to attempt five questions in all. The question number one will be
compulsory and it will have twelve short-answer type questions (each carrying two marks)
uniformly spread over entire syllabus. The candidate will be required to attempt ten out of these
twelve short answer type questions. Out of the remaining eight questions (each carrying 18
marks), the candidate will be required to attempt four questions selecting one from each unit.
Unit-1
Introduction: Nature and scope of macro economics, difference between micro and macro
economics and importance of macro economics.
National income: concepts, measurement and limitations of national income statistics. Circular
flow of income in two, three and four sector economy.
Unit-2
Consumption: consumption function, factors influencing consumption, Keynesian psychological
law of consumption.
Income-consumption relationship: relative income hypothesis, permanent income hypothesis, life
cycle hypothesis.
Unit-3
Investment function: Types of investment, determination of level of investment. Marginal
efficiency of capital.
Theories of investment: classical and Keynesian theory of investment, saving-investment
equality.
Unit-4
Say’s law of market and its criticism and implications, classical theory of employment.
Keynesian objection to classical theory and Keynesian theory of employment.
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References:
Edward Shapiro: Macro Economics
Thomas. F. Dernburg: Macro Economics concepts, Theories and Policies
William. H. Branson: Macro Economic Theory and Policy
M.C.Vaish: Macro Economic Theory
V.K.Puri: Marco Economics
R.K.Lekhi: Macro Economics
Rana & Verma: Macro Economic Analysis.
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PAPER -B.A. 1st (HONS) 2nd SEMESTER
Macro Economics-2
Theory: 90 Marks
Internal Assessment: 10 Marks
M.Marks: 100
Time: 3 Hours
Note:
The Question paper will have nine questions, including two questions from each unit. The
candidate will be required to attempt five questions in all. The question number one will be
compulsory and it will have twelve short-answer type questions (each carrying two marks)
uniformly spread over entire syllabus. The candidate will be required to attempt ten out of these
twelve short answer type questions. Out of the remaining eight questions (each carrying 18
marks), the candidate will be required to attempt four questions selecting one from each unit.
Unit-1
Keynesian multiplier: concept, backward and forward action, static and dynamic multiplier,
working of multiplier in LDCs.
Accelerator principle and concept of super multiplier.
Unit-2
Determination of general level of price: classical, keysian and monetarist theory.
Inflation: Types of inflation, cost push and demand pull inflation, classical, keysian and
monetarist approaches to inflation. Phillips curve (introductory version)
Unit-3
Rate of Interest: Keysian and IS-LM theories of interest rate. Macro economic policies,
Effectiveness of monetary and fiscal policy as an instrument of macro economic policy.
Demand for money: Keysian and monetarist theory of demand for money.
Unit-4
Trade cycles: Nature, characteristics and theories of trade cycles (Hicks and Samuelson)
Growth models: Harrod-Domar model, Solow model.
References:
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Edward Shapiro: Macro Economics
Thomas. F. Dernburg: Macro Economics concepts, Theories and Policies
William. H. Branson: Macro Economic Theory and Policy
M.C.Vaish: Macro Economic Theory
V.K.Puri: Marco Economics
R.K.Lekhi: Macro Economics
Rana & Verma: Macro Economic Analysis.
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B.A. I (RURAL INDUSTRALIZATION )
SEMESTER – I
Theory: 90 Marks
Internal Assessment: 10 Marks
M.Marks: 100
Time: 3 Hours
Note: - The students are required to attempt five questions in all.
Rural Industrialization – Nature Scope and Significance.
Occupation structure in India with reference to rural economy of Haryana,
Industrialization and Economic Development Complementarily between Industrial and
Agricultural sectors.
Criteria for distinguishing between Large, Medium, Small and Tiny industrial units in
India. Demarcation of Rural, Semi-urban, Urban and Metropolitan area in India.
Classification of small-scale and cottage industries in India. Different types of rural
industries – Need based, Raw- material based and skill-based: Tradition and trends of rural
industrialization in India.
Structure of Rural Society- small and marginal farmers, landless labourers, rural artisans
and other weaker sections.
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B.A. I (RURAL INDUSTRALIZATION)
SEMESTER – II
Theory: 90 Marks
Internal Assessment: 10 Marks
M.Marks: 100
Time: 3 Hours
Note: - The students are required to attempt five questions in all.
Role of Rural Industrialization in India – need, significance and future prospects.
Requisites for the Development of Rural Industralization. Performance of Rural industries under
Five Year Plans. Current five-year plan and village and small-scale industries.
Role of Khadi and village industries Board/Commission. Rural development programmes
– Swarn Jayanti Gram Swarozgar Yojana (SGSY) – Aims, features and performance. National
Rural Employment Guarantee Scheme (NREGS) – Objectives, Progress and Prospects.
Govt. policy towards rural industrialization and small scale industries.
Village and small-scale industries – problems and prospects.
Impacts of globalization on village and small-scale industries.
Rural industrialization in Japan – lessons for India.
Rural industrialization in China – lessons for India.
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B.A. PART – I Semester-I
MICRO ECONOMICS
Theory: 90 Marks
Internal Assessment: 10 Marks
Max. Marks: 100
Time: 3 Hours
INSTRUCTIONS FOR THE PAPER SETTER AND THE CANDIDATES:
The syllabus has been divided into four units.
Note: There shall be 9 questions in all. The first question shall be short answer type containing
15 short questions spread over the whole syllabus and each to be answered in about 25 to 30
words. The candidate is required to attempt any 9 short answer type questions i.e. 2 marks of
each. It shall carry 18 marks and shall be Compulsory questions. Rest of the paper shall contain 4
units. Each unit shall have two questions and the candidates shall be given internal choice i.e.
the candidates shall attempt one questions from each unit - 4 in all.
Unit - I
Meaning, nature and scope of economics, Definition of Economics (Adam Smith, Marshall and
Robbins).
Theory of Demand and Consumer Behaviour: Utility Analysis and Indifference Curve Analysis
Consumer’s surplus and its measurement; Elasticity of demand and its measurement.
Unit - II
Theory of Production Concept and types of production function, Laws of Returns to Scale and
Law of Variable Proportions.
Economies of scale: Internal and External.
Unit – III
Costs: concept and curves in short and long periods (Traditional Approach)
Market Forms and Revenue: Behaviour of Average Revenue and Marginal Revenue under
Perfect and Imperfect Competition; Relationship between AR, MR and Elasticity of Demand.
Unit - IV
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Price and Output Determination: Price and Output Determination of the Firm and Industry under
Perfect Competition in the Short and Long run; Firm’s equilibrium under Monopoly in the short
and long run; Discriminating Monopoly; and Monopolistic Competition.
Recommended Readings
T.R. Jain, Anil Malhotra,
:
Micro Economics
J.S. Kumar, Ashok Gupta
Joginder Singh, P. N. Chopra &
: Price Theory and Distribution
P.S. Grewal (Punjabi medium)
(latest edition)
A.W. Stonier & D.C. Hague
:
A Text book of Economic Theory
(Fourth edition)
P. A. Sanuelson (trans. Piar Singh) :
Arth-shaster Ek Prarmbhik Vishleshan,
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B.A. Part – I Semester-II
INDIAN ECONOMY
Theory: 90 Marks
Internal Assessment: 10 Marks
M.Marks: 100
Time: 3 Hours
INSTRUCTIONS FOR THE PAPER SETTER AND THE CANDIDATES:
The syllabus has been divided into four units.
Note: There shall be 9 questions in all. The first question shall be short answer type containing
15 short questions spread over the whole syllabus and each to be answered in about 25 to 30
words. The candidate is required to attempt any 10 short answer type questions i.e. 2 marks of
each. It shall carry 18 marks and shall be Compulsory question. Rest of the paper shall contain 4
units. Each unit shall have two questions and the candidate shall be given internal choice i.e. the
candidates shall attempt one question from each unit - 4 in all.
Unit - I
Features and Characteristics of Indian Economy. Agriculture: Importance of agriculture; Causes
of backwardness and low productivity; Land Reforms: Need, Implementation and Critical
Evaluation.
Unit - II
Industry: Problems of Industrial Development; Public and Private Sector; Recent Industrial
Policy. Role and Problems of Small and Large Scale Industries; Major large scale Industries:
Iron & Steel, Petroleum .
Unit - III
Principal Features of Indian Tax Structure. Division of financial resources between Centre and
the States; Direction and Composition of exports and imports and changes therein since 1991.
Unit - IV
Planning: Objectives, Strategy and Achievements of Indian Planning; Critical Evaluation of the
latest Five Year Plan (plan wise details to be excluded); Major Indian Economic Problems:
Inflation, Unemployment and Poverty
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Recommended Readings
T.R. Jain, Dr. Rajinder Uppal,
:
Indian Economy
P.K. Dhar
:
Indian Economy
K.S. Gill
:
Evolution of Indian Economy
A.N. Aggarwal
:
Indian Economy
Rudder Datt & KMP Sundram
:
Indian Economy
R.N. Soni
:
Leading Issues in Agriculture Economics
A. Ghosh
(Trns. Avtar Narinder Singh)
:
Bhartiy Arth Vivstha
Chander Gupt Singh
:
Bharti Arth Shastar
S.K. Misra & V.K. Puri
:
Indian Economy
B.B. Tandon & K.K. Tandon
:
Indian Economy
Mukesh Trehan, Ranju Trehan
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