Download Batch-2014 Onwards GURU KASHI UNIVERSITY University College

Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-I
Credits: 5
Subject Code-606101
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST
: 15 Marks
nd
2 MST
: 15 Marks
Attendance : 10 Marks
Assignment : 10 Marks
Pass Marks: 20
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
PAPER -1: Micro Economics Analysis
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: micro economics is concerned with the analysis of economic phenomena from the
perspective of individual. The paper covers the basic concept and tools needed to undertake the
analysis of such problems that arise due to the law of scarcity. The paper introduces the student
with the question how prices of goods and services are determined. The course also aims at
introduction of the functioning of perfect and imperfect market system.
SECTION - A
Introduction and Basic concept: Meaning, nature and scope of economics. Basic economic
problem-choice & scarcity. Equilibrium: Existence, stability & uniqueness, partial &general
equilibrium. Demand analysis: law of demand, elasticity of demand and its method of
measurement.
SECTION – B
Utility: concept; types, law of diminishing marginal utility, principal of equi-marginal utility.
Consumer equilibrium. Indifference curve analysis: slutsky equation; price, income and
substitution effect. Revealed preference theorem.
SECTION - C
Production fuction: short period &long period, law of variable proportion &returns to
scale.Isoquants-least cost combination of input. Return to factors. Elasticity of substitution.
Production function &Technical progress. Cobb-douglas &CES production function and its
properties.
Page 1 of 44
Batch-2014 Onwards
SECTION - D
Traditional & Modern theories of cost .short run and long run equilibrium of firm and industry
under perfect competition and Imperfect competition. Price and output determination under
perfect competition, monopoly and monopolistic competition and discriminating monopoly
BASIC READINGS:
1.
Kreps, David M.
Course in Micro-economic Theory, Princeton University Press
Princeton, 1990.
Modern Micro-economics (2nd Edition), Macmill Press, London,
1979.
2.
Koutsoyiannis, A.
3.
4.
Layard, P.R. and
A.W.Walters
Sen, A.
5.
Stigler, G.:
6.
Varian, H.:
7.
H.L.Ahuja (1999): Advanced Economics Theory, S.Chand & Co., New Delhi.
Micro-economics Theory, McGraw Hill, New York, 1978.
Microeconomics: Theory & Applications, Oxford University Press,
New Delhi, 1999.
Theory of Price (4th Edition), Prentice Hall of India, New Delhi,
1996.
Micro-economic Analysis, W.W. Norton, New York, 2000.
8.
R.G.Lipsey & K.A.Chrystal: Economics, 10th Edition, Oxford University Press, New
Delhi,2004.
Page 2 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-I
Credits: 5
Subject Code-606102
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
Pass Marks: 20
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Paper -II: Macro Economics Analysis
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: macro economics is concerned with the macro phenomena of the economy. The main
objective of the paper is to understand the basic concept of national income and to know about the
various methods of measuring national income. The paper also concern with consumption
behavior of individual. The paper also aims at introduction of the investment, interest and various
theories of money demanded. The paper also familiarizes the students with the terms of inflation
and business cycles.
Section A
Macro Economics Issues,National Income and Concept of National Income. Measurement of
National Income. Circular flow of income in two-three and four sector economy. Classical and
Keynesian theories of full employment.
Section B
Keynes’ psychological law of consumption. Absolute income hypothesis, permanent, relative
income and life cycle hypothesis. Marginal efficiency of capital and investment, neoclassical
theory of investment, multiplier.
Section C
Neo-classical and keynesian views on interest, IS-LM Model. Post Keynesian approaches to
demand for money; Patinkin and the real balance effect; approaches of Baumol and Tobin;
Friedman and modern quantity theory.
Section D
Classical and monetarist approaches to inflation; structuralist theory of inflation; Philips curve
analysis- short run and long run Philips curve, Tobin’s modified Philips curve.
Business Cycles: meaning and types. Theory of business cycles: Samuelson, Hicks’s Model.
Page 3 of 44
Batch-2014 Onwards
RECOMMENDED READINGS
1. Ackley, G.
: Macro-economics: Theory and policy, Macmillan, New
York, 1978.
2. Blackhouse, R.and : Macro-Economics and the Real World (eds.) (Two
A. Salansi
volumes), OUP, London, 2000
3. Branson, W.A and : Macro-economic Theory and Policy (3rd Edition), Harper
Row, New
York, 1989.
4. Dornbusch, R.F.
: Macro-economics (Seventh Stanley and Richard edition),
McGraw-Hill Startz: Publishing Company Ltd., New
Delhi.2000.
5. Hall, R, E and J.B : Macro-economics. W.W. Norton, New York, 1986.
Taylor
6. Jha, R.
: Contemporary Macro-economics: Theory & Policy.
Willey E Eastern New Delhi, 1991.
7. Shapiro, E.
: Macro Economics Analysis, Golgotia Publications, New
Delhi, 1996.
8. Surrey, M.J.C (ed.) : Macro Economics Themes. Oxford University Press,
Oxford, 1976.
Page 4 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-I
Credits: 5
Subject Code-606103
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
Pass Marks: 20
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Paper -III: Basic Quantitative Methods
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: A basic quantitative method is concerned with mathematical terms. The main
objective of the paper is proper knowledge about differentiation, integration, matrices, arithmetic
and geometric progression and their application in economics.
SECTION-A
Need of statistical and mathematics in economics. Calculus: Concept of differentiation.
Differentiation of function in one variable including logarithmic and exponential functions. Chain
rule, implicit functions, parametric equations, higher derivatives, partial derivative, Euler
theorem, elementary concept of integration.
SECTION-B
Application of derivative in economics: Elasticity of demand, average and marginal functions,
problems of optimization (max/min) two variable and constraint functions. Application in
discriminating monopoly.
SECTION-C
Matrices: Definition and type and its properties .Elementary operations. Rank of a matrix.
Transpose of matrix, symmetric and skew symmetric matriecs, matrix inverse by adjoint .concept
of determinants and its properties. Solution of simultaneous equations by Cramer’s rule and
matrix inverse methods.
SECTION-D
Arithmetic and geometric progression: Elementary idea and economic applications. Linear
programming: problems formulation and solution of linear programming by graphical method.
Page 5 of 44
Batch-2014 Onwards
RECOMMENDED READINGS
1. Alpha c. Chiang
: Fundamental Methods of Mathematical Economics, Ch.412.
2. J.P. Lewis
: An Introduction to Mathematics for Students of
Economics. Ch. 7-24.
3. D.S. Huang
: An Introduction to the Use of Mathematics.
4. F.E.Croxton &
: Applied General Statistics
D.J.Cowden
5. S.P. Gupta
: Statistical Methods, S. Chand and Co; New Delhi.
6. Sancheti & Kapoor : Business Mathematics, S. Chand and Co., New Delhi.
7. Suranjan Saha
: Business Mathematics and Statistics.
8. Joshi and Aggarwal : Mathematics for Studies of Economics.
Page 6 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-I
Credits: 5
Subject Code-606104
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
Pass Marks: 20
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Paper -IV: (Option-I), Economics of Growth and Development
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: the paper concerned with the terms of development. The paper introduces the student
about meaning, measurement and theories of development. The paper also concern with
importance of resource allocation, investment, technology and human capital in process of
development
Section-A
Development: meaning, measurement of development; per capita income, purchasing power
parity, PQLI, HDI. Economic development and structural change: theory of Kuznets. Economic
development role of market and state.
Section B
Dependency theory of development: Paul Baran, Andre Gunder Frank and Samir Amin.
Economic growth and the issue of sustainable development. Resources for development:
Domestic and external.
Section C
Population and development: theory of demographic transition. Theory of big push: RosensteinRodin; Murphy, Shleifer and vishny. Resource allocation: cost benefit analysis, shadow prices.
Investment criteria. Choice of appropriate technology.
Section D
Theory of Growth: Harrod-Domer. Neoclassical theory of growth: Solow, Endogenous models of
growth: Lucas. Development and Migration: Lewis and Tadaro.
Page 7 of 44
Batch-2014 Onwards
RECOMMENDED READINGS
1.
Michael P.Todaro
:
2.
Debraj Ray
:
3.
S.S.M.Desai and
:
4.
Paul M. Sweezy
:
Development
5.
Amartya Sen
:
6.
Robert J. Barro and
:
Xavier Sala-im-Martin.
7.
Deepak Lal
:
8.
Gerald M. Meier
:
9.
A.P.Thirlival
:
10.
Amartya Sen.
:
11.
Ghatak, S.
:
12.
W.A.Lewis
:
13.
J.A.Schumpeter
:
Economic Development in the Third World.
Development Economics.
Economic Planning and Nirmal D. Bhalerao Policy. .
The Theory of Capitalist
Growth Economics.
Economic Growth.
The Poverty of Development Economics.
Leading Issues in Economic Development.
Growth and Development.
Development as Freedom.
An Introduction to Development Economics.
The Theory of Economic Growth.
The Theory of Economic Development.
Page 8 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-I
Credits: 5
Subject Code-606105
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
Pass Marks: 20
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Paper -IV: (Option-II), Economics of Labour
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The main objective of the paper to understand the characteristics of labour market
and to know how the wages are determined under perfect and imperfect competition. To
introduce the students with concept and measures of unemployment. To know about the
determinants of industrial disputes and methods of their settlement. To understand the concept of
social security and impact of the I.L.O. on labour legislation.
SECTION-A
Labour economics: meaning and its basic concept. Labour market and its
characteristics. Characteristics of a developing economy like India. Neo-classical
theory of wages and employment. Analysis of demand and supply forces. Wage
determination under perfect and imperfect competition, Bargaining Theory.
SECTION-B
Unemployment-Concept and measures. Causes of unemployment. Origin of Trade
Unionism. Trade Unionism in India. Wage determination by sectors-Urban and Rural.
Nature of unemployment in developing economies like India.
SECTION-C
Nature of Industrial disputeDeterminants of industrial disputes. Steps to prevent industrial
disputes. Methods of settlement of industrial disputes. Collective bargaining. Labour
participation in management.
SECTION-D
Concept of social security. Social security measures in India. Important labour
legislation in India : Industrial Disputes Act. Trade Unions Act. Factories Act and
Employees State Insurance Act. Impact of l.L.O. on Labour Legislation. Woman and Child
Page 9 of 44
Batch-2014 Onwards
Labour. Recent labour laws: Minimum Wage Act.
RECOMMENDED BOOKS
1. L.G. Reynolds:
2. A.M. Carter and F. Ray
Marshall:
3. R.A. Lester:
4. K.K. Dewett:
5. T.N. Bhagoliwal:
6. Jiwitesh Kumar Singh:
Labour Economics and Labour Relations.
Labour Economics, Wages. Employment and Trade Unionism.
Economics of Labour.
Modern Economic Theory.
Economics of Labour and Industrial Relations.
Labour Problems : Principles. Problems and Practices.
Page 10 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-II
Credits: 5
Subject Code-606201
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
Pass Marks: 20
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Paper –I: Micro Economics Analysis
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: micro economics is concerned with the analysis of economic phenomena from the
perspective of individual. The objective of the paper to familiarize the student with monopolistic
competition, selling cost, product differentiation, excess capacity and non- collusive and
collusive oligopoly. To understand the various alternative theories of firm and distribution
theories. To know about the social welfare function in economics.
Section A
Monopolistic competition: general and chambering approach, equilibrium of the firm and group
with product differentiation and selling costs, excess capacity under monopolistic competition.
Non-Collusive oligopoly: Cornet, Bertrand, Edge worth, Chamberlin and Stackable Model;
Kinked demand curve model and price rigidity. Collusive oligopoly: Cartels and price leadership
models.
Section B
Alternative theories of the firm; Baumel sales revenue maximization model, Marries model of
managerial enterprise, Williamson’s model of managerial discretion. Theories of limit pricingBain’s theory. Marginalism vs. average cost pricing.
Section C
Neo classical approach-marginal productivity theory, modern version of marginal productivity
theory, factor pricing under imperfect product and factor markets determination of wages. Macro
theories of distribution- Ricardian, Marxian, and Kaldor’s.
Page 11 of 44
Batch-2014 Onwards
Section D
General equilibrium and its elements. Welfare Economics: Pareto’s unanimity rule and optimal
conditions, value judgment. Social welfare function, Bergson-Samuelson, Raul’s theory of second
best Arrow’s impossibility theorem.
BASIC READINGS:
1.
Kreps, David M.
2.
Koutsoyiannis, A.
3.
4.
Layard, P.R. and
A.W.Walters
Sen, A.
5.
Stigler, G.:
6.
Varian, H.:
Course in Micro-economic Theory, Princeton University Press
Princeton, 1990.
Modern Micro-economics (2nd Edition), Macmill Press, London,
1979.
Micro-economics Theory, McGraw Hill, New York, 1978.
Microeconomics: Theory & Applications, Oxford University Press,
New Delhi, 1999.
Theory of Price (4th Edition), Prentice Hall of India, New Delhi,
1996.
Micro-economic Analysis, W.W. Norton, New York, 2000.
Page 12 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-II
Credits: 5
Subject Code-606202
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
Pass Marks: 20
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Paper –II: Macro Economics Analysis
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The paper concern with to understand the micro-foundations of macro economics. To
understand the instrument of Fiscal and Monetary policies those are used for stabilization and
growth. To familiarize student with terms of balance of payments and trade cycles theories.
Section-A
Micro-foundations of Macro-economics: Formation of expectation; Philips curve and Lucas
Island model, policy ineffective theorem; Taylor model.
SECTION-B
Marco-economics Policy for Stabilization and Growth: Macroeconomic policy, policy
objectives and conflicts, monetary policy, fiscal policy and crowding out, policy mix.
SECTION-C
Open Economy Macro-economics: Balance of payment and exchange rate, capital mobility,
Mundell-Flemning Model under perfect capital mobility and under fixed and flexible exchange
rate. Expectations and exchange rates, monetary approach to balance of payments.
SECTION-D
Nature of trade cycle and theories: theories of trade cycle Keynes, Samuelson, Hicks, Kaldor.
Stabilization policies or measures to control trade cycles.
Page 13 of 44
Batch-2014 Onwards
READING BOOKS:
1.
Bhaduri, A.
2.
3.
4.
5.
6.
7.
:
Bo-Sodersten and :
G. Reed
Dornbusch, R,.S. :
Fischer& R. Startz
Makin, A.J.
:
Hall, R.E and J.B :
Taylor
Romer David
:
:
8.
Turnovsky,
Steophen,J.
David K.H. Begg
9.
Drazen , Allan
:
10.
Levacic, Rosalind& :
Alexander, Redman
:
Macro-economics: They Dynamic of Commodity
Production, Macmillan India Ltd. New Delhi, 1990.
International Economics, Macmillan Press London, 1994.
Macro-economics. Tata Mc Grew-Hill, New Delhi, 2000.
International Macro-economics, Prentice Hall, London,
2002.
Macro-economics, W.W. Norton, New Your 1986.
Advanced Macro-economics,\ McGraw-Hill, International
Edition, New York, 2001.
Methods of Macro-economic Dynamics, Prentice Hall of
India Pvt. Ltd., New Delhi, 1997.
The Rational Expectations Revolution in Macroeconomics: Theories & Evidence, Heritage Publishers, New
Delhi, 1982.
Political Economy in Macro- economics, Orient Longman,
New Delhi, 2004
Macro-economics: An introduction to KeynesianNeoclassical Controversies, Macmillan India, 2003.
Page 14 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-II
Credits: 5
Subject Code-606203
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
Pass Marks: 20
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Paper –III: BASIC QUANTITATIVES METHODS
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: the paper basic quantitative method concerned with statistical tools of centre
tendency and their uses in economics and research. The main objective of paper to understand
correlation and regression analysis. The paper also concern with the uses of index number and
application of interpolation and time series analysis. The other objective of the paper to know
about the theory of attributes and association of attributes.
Section -A
Measures of Centre Tendency: Mean, Median, Mode. Measure of Dispersion: Range, Quartile
Deviation, Mean-Deviation, Standard Deviation. Co-efficient of variation. Lorenz curves and
their uses.
Section-B
Correlation and Regression: Linear regression, Measures of correlation. Least square regression
lines. Karl Pearson's coefficient of correlation. Spearman's rank correlation coefficient. Discrete
and continuous variable cases. Partial and Multiple-correlation and regression analysis.
Section-C
Interpolation: Newton's formula for leading differences, Binomial expansion method and
langrage method. Index numbers: Problems and methods of construction index numbers. Chain
and fixed based index number. Reversibility tests, cost of living index numbers.
Section-D
Time Series Analysis: Components of time series. Measurement of trend. Methods of
Measurement of Trend. Theory of Attributes: Elementary idea, association of attributes.
Page 15 of 44
Batch-2014 Onwards
RECOMMENDED READINGS
1.
Alpha C. Chiang
: Fundamental Methods of Mathematical Economics, Ch. 412.
2.
J.P.Lewis
: An Introduction to Mathematics for Students of
Economics, Ch. 7-24.
3.
D.S.;Huang
: An Interoduction to the use of Mathematics.
4.
F.E.Croxton &
: Applied General Statistics.
D.J.Cowden
5.
S.P.Gupta
: Statistical Methods,S.Chand and Co., New Delthi.
6.
Sancheti & Kapoor : Business Mathmatics, S. Chand and Co., New Delhi.
Page 16 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-II
Credits: 5
Subject Code-606204
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
Pass Marks: 20
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Paper–IV: (Option-I), Economics Of Agriculture
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: the basic objective of the paper to Familiarize student with meaning, scope and
system of Farming. To highlights the role of agriculture in development and problems of
agricultural labour and small Farmer. The other objective is to understand the concept of
production function and terms of trade between agriculture and Industry and to know about the
WTO policies regarding Indian agriculture.
SECTION-A
Meaning and scope of economics of agriculture, Factors affecting agricultural development:
technological; institutional and general. Interdependence between agriculture and industry. Role
of Agriculture in Economic Development.
SECTION-B
Systems of farming: Peasant farming; Capitalistic farming; state farming; collective farming and
co-operative farming, Land reforms- the theoretical issues: meaning; ownership vs. tenancy
cultivation, objectives of land reforms and role of land reforms in economic development.
Problems of Agriculture labour and small farmers.
SECTION-C
Approaches to Agricultural development: Lewis Model; Ranis-Fei Schultz Model. Rural
indebtedness and cuases of rural indeptedness.
SECTION-D
Concept of production function; input-output; Terms of Trade between Agriculture and Industry.
Recent Trends in Agricultural Growth in India: growth of output and productivity causes of low
Page 17 of 44
Batch-2014 Onwards
agricultural productivity in India. GATT, WTO and Indian agriculture and impact of WTO on
Indian agriculture.
RECOMMENDED READINGS:
1.
C. Eicher and L. Witt : Agriculture in Economic Development. Vora and Co.,
Mumbai.
2.
R.N. Soni
: Leading Issues in Agricultural Economics. Sohan Lal
Nagin Chand &Co., Jalandhar.
3.
Sadhu and Singh
: Fundamentals of Agricultural Economics. Himalaya
Publishing House, Mumbai.
4.
Charan D. Wadhva
: Some Problems of India, Allied, Bombay.
5.
P.C. Joshi
: Land Reforms in Indian. Allied, Bombay.
6.
Rudder Datt and : Indian Economy, S. Chand & Co. Ltd. New Delhi.
K.P.Sundharam
7.
Francis R. Frankel
: India's Green Revolution: Economic Gains and
Political Costs, Oxford University Press, Bombay.
8.
Draft
of
GATT : Text of Uruguay Round 1994, World Trade Centre,
Agreements Final
Mumbai.
Page 18 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-II
Credits: 5
Subject Code-606205
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper–IV: (Option-II), Economics Of Industry
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: the main objective of the paper to introduce the student with basic concept of
industry and market structure. To know about the organizational and theories of Firms and
industrial strategy to competition. To understand various project evaluation methods those are
used while money invested in particular project.
SECTION -A
Introduction: Definitions and Concepts: Plant, firm, industry, market, market structure, market
power, market conduct and market performance. Forms of Market Structure (A brief introduction
to Structure Conduct and Performance).Market structure: Sellers' and buyers' concentration,
product differentiation, entry conditions, economies of scale. Market structure and profitability.
SECTION-B
Organizational Forms and Theories of Firms: Forms of industrial organization: Ownership
management and control, passive and active behavior of firm. Neo-classical theory of firm and
challenges to the profit maximization: W.J.Baumol, O. Williamson Dynamic alternative to profit
maximization: R. Marris, Cyret and March..
SECTION-C
Industrial Strategies to Competition: Industrial productivity: Concept, measurements and
determinants. Industrial Capacity: Concept and measurement of capacity utilization.
Concepts of diversification, merger and acquisition, Optimum size of firm and constraints to size.
SECTION-D
Page 19 of 44
Batch-2014 Onwards
Project Planning and Investment Decisions: Nature and types of investment decisions, Time
profile of a project, Methods of project evaluation, Introduction to cost-benefit analysis.
Competition: its advantage, competitiveness in the context of globalization.
RECOMMENDED READINGS:
1.
Bains , J.S.
:
2.
Barthwal, R.R.
:
3.
4.
5.
6.
7.
8.
9.
Industrial Organisation, Cheltanhm,U.K. 1996.
Industrial Economics, Weiley Eastern Ltd. New Delhi,
1990.
Cherunilam, F.
:
Industrial Economics: Indian Perspective
Himalaya Publishing House, Mumbai 1994.
Chandra, P.
:
Project Preparation, Appraisal,
Budgeting and Implementation, Tata
McGraw-Hill Publishing, New Delhi.
Desai, B.
:
Industrial Economy in India, Himalaya
Publishing House, Mumbai, 1999.
Divine, P.J. and
:
An Introduction to Industrial
R.M. Jones et.al.
Economics George Allen and Unwin Ltd,
London, 1976.
Hay, D.and D.J.Morris :
Indian Economics: Theory and Practice,
Oxford University Press, 1979.
Shepherd, W.G.
:
The Economics of Industrial Organization
Kanwaljeet Kaur:
:
T[d:'fre noE -Fk;so
Page 20 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-III
Credits: 5
Subject Code-606301
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper-I: Indian Economy-I
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The objective of the paper is to familiarize the students with the features and
characteristics of the Indian Economy. It also includes performance planning and role of public &
private sector in Indian economy. It also discuss about the various Agrarian reforms and nature
and extent of Industrialization. The course aims to develop analytical understanding of the student
by exposing them to the basic issues of the Indian economy.
Section-A
Nature of Indian Economy as underdeveloped and developing economy. Feature of Indian
economy on the eve of Independence. Evaluation of Land tenure system. Commercialization of
agriculture & trend towards market economy.
Section-B
Planning: rationale, Features and objectives. Need for planned economic development. Basic
strategy for development of Indian economy under planning, changes in the strategy of Indian
planning. Role of Public and Private sector in India.
Section-C
Agrarian reforms: New Agricultural strategy and green revolution, Production structure of Indian
agriculture. Terms of trade between Agriculture and Industry. Development of Irrigation.
Section-D
Nature and extent of Industrialization in India: Existing production structure of Industry.
Industrial policy 1948, 1956 and 1991. Growth of large industrial houses, Small scale industries
and their problems.
Page 21 of 44
Batch-2014 Onwards
RECOMMENDED READINGS:
1. Jagdish,N. Bhagwati & Sukhemony Chakravarty: Contributions to Indian Economic
Analysis: A survey.
2. Krishna Shardwaj: Production Conditions in Indian Agriculture, Combridge University
Press.
3. R. Palme Dutt: India Today
4. D.R.Gadgil: The Industrial Evolution in India in Recent Times: 1862-1939; Oxford
University Press.
5. P.C.Joshi: Land Reforms in India, Vikas Publishing Co.
6. David Lehmenn (ed): Agrarian Reforms and Agrarian Reformism.
7. V.B. Singh (ed): Economic History of India 1952-1957, allied Publishers.
8. Charen D. Wadhwa: Some problems of India's Economic Policy, Tata Mc Graw Hills
Publishing Co.
9. Ruddar Datt & KP.M Sudharam: Indian Economy, S. Chand & Co.
10. Romesh Dutt: The Economic History of India, Vols. I &II
11. Surendra J. Patel: Agricultural Labourers in Modern India and Pakistan.
12. M.K.Chaudhary: Trends of Socio-Economic Changes In India: 1871-1961.
13. S.Katovsky: Reforms in India.
Page 22 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-III
Credits: 5
Subject Code-606302
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper II: Economics Public Finance-I
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The basic objective of the paper to introduce the student with meaning, scope and
subject matter of Public Finance. The paper deals with the role of government and system of
taxation. Paper covers the Cannons of taxation and effect of Taxation on Production and
Distribution. It also includes the basic reason for the growth of public expenditure.
Section-A
Public Finance: Meaning, Scope, Importance and Subject Matter of Public Finance. Principal of
public finance: Optimum allocation of resource, distribution of burden and principal of maximum
social advantage.
Section-B
Changing perspective about the role of Government:- Government as an agent for economic
planning and development, Private goods, Public goods and merit goods, Market failure and
imperfections, decreasing costs, externalities of Public goods.
Section-C
Taxation:-Meaning, Types of Tax, and Characteristics of Good Tax System, Cannons taxation
effect of Taxation on Production, distribution employment. Principle of Taxation: The Principle
of Equity, Cost of Service Theory, Benefit Principle, Ability to Pay theory.
Section-D
Public Expenditure:-Meaning and Scope of Public expenditure, Reasons for the growth of
Public expenditure, Wagner’s law of increasing State activities: Wiesman-Peacock hypothesis,
Page 23 of 44
Batch-2014 Onwards
RECOMMENDED READINGS:
1. Bachanan, J.M. (1968), The Demand and Supply of Public Goods. Rand
Mc
Nally,
Chicago.
2. Mueller, D.C (1979), Public Choice, Cambridge University Press, Cambridge.
3. Stiglitz, J.E.(1986), Ecnomics of Public Sector, Norton, New York.
4. Atkinson, A.B. and J.E. Sigllizx (1980), Lectures on Public Economics, Tata Mc Graw
Hill, NewYork.
5. Auerbach, A.J. and M. Feldstern (eds.) Handbook of Public Economics. Vol. 1, North
Holland, Amsterdam.
6. Buchanan, J.M. (1970), The Public Finances, Richard D. Irwin, Homewood.
7. Goode, R. (1986), Government Finance in Developing Countries,Tata Mc Graw Hill, New
Delhi.
8. Hughton, J.M.(1970) The Public Finance: Selected Readings, Penguin, harmondsworth,
9. Jha, R. (1988), Modern Public Economics, Routledge, London
10. Menutt, P.(1996), The Economics of Public Choice, Edward Elgar, U.K.
11. Musgrave, R.A (1959) , The Theory of Public Finance, McGraw Hill Kogakhusa, Tokyo.
12. Musgrave, R.A. and P.B. Musgrave (1976), Public Finance in Theory and Practice,
McGraw, Hill, Kogakusha, Tokyo.
13. Shoup, C.S .(1970), Public Finance, Aldine, Chicage.
14. Shome, P (ed.) (1995), Tax Policy: Handbook, Tax Division, Fiscal Affairs Department,
International Monetary Fund, Washington D.C.
Page 24 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-III
Credits: 5
Subject Code-606303
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper III (Option-I): Economics of Money and Banking
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The paper Money and Banking covers the basic concept of money and various
theories of demand for money and supply for money. The paper introduces the student with the
role and importance of central and commercial bank. The other aims are to know various
techniques & instruments of monetary management. The paper covers also the functioning of
International monetary system.
Section-A
Money: Origin, history, types & Function, Classical quantity theory of Money, Keynesian
Theory, Contribution of Tobin, Friedman’s Restatement.
Section-B
Supply of Money: Measure of Money Supply, H-Theory of Money Supply (High Powered
Money/Money Multiplier Process)
Banking Sector Reforms in Indian: Review of Narasimhan Committee reports (1991 and 1998)
implementation and impact of banking sector reforms.
Section-C
Banking system: Public, Private and Co-Operative. Commercial Bank: Definition, classification
and functions of commercial Bank of central Bank. Defination and techniques of monetary
management, monetary policy: concept, goals, target and indicator & instrument.
Section-D
International monetary system: Historical background, Bretton Woods System nad its breakdown,
working and Lending operations of IMF, IBRD, IDA, IFC and Asian development bank.
Page 25 of 44
Batch-2014 Onwards
RECOMMENDED READINGS:
1. Suraj B. Gupta: Monetary Economics-Institutions, Theory and Policy.
2. Dudley G. Luckett: Money and Banking.
3. L.M. Bhole: Financial Institutions and Markets.
4. Fred R. Glahe: Macroeconomics.
5. H.R. Suneja : Innovations in Banking Services.
6. R. Glenn Hubbard: Money, the Financial System and the Economy.
7. Ritter and Silber: Principles of Money, Banking and Financial Markets.
8. H.R. Machiraju: Indian Financial System.
9. R.W. Clower: Monetary Theory.
10. Srivastava, R.M: Management of Indian Financial Institutions.
11. Gurley G.J. and S.E Shaw: Money in a Theory of Finance.
12. Radcliffe: Report of Committee on the Working of Monetary System.
Page 26 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-III
Credits: 5
Subject Code-606304
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper III (Option-II): Current Issues in Global Economy
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The paper current global issue familiarize the student with current issue those
influenced the economy and importance of international institutions. The paper covers the
financial flow through money and capital market. It also introduces the student with Regional
economic group and international economic institutions and their functioning.
SECTION- A
International Monetary System: Pre-Bretton Woods (1870-1939), Bretton Woods and PostBretton Woods System. IMF and International Liquidity.
SECTION- B
International Financial Flows: Money and Capital Markets: Evolution, Structure and Instruments;
GDRs, ADRs, Euro-dollar and Euro-currencies; Euro-credits and deposits, Foreign-bonds, Eurobonds and Euro-notes.
SECTION- C
Regional Economic Groupings: SAARC, EU, NAFTA, ASEAN, and APEC, MNCs: Theory,
Evolution and Struructure.
SECTION- D
International Economic Institutions: World Bank, ADB, IFC and IDA, GATT and WTO,
UNCTAD and NIEO.
Page 27 of 44
Batch-2014 Onwards
RECOMMENDED READINGS:
1.
I G. Patel: Economic Reform and Global Change, Macmillan India Limited, 1998.
2.
B.O. Sodersten: International Economics (Latest edition).
3.
Kindleberger, C.P.: International Economics (Latest edition)
4.
GATT: Final Text of Uruguay Round, 1994.
5.
Jagdish Bhagwati: International Trade, MIT.
6.
Davinder Kumar Madan: SAARC: Origin, Development and Programmes, 1997.
Jaswinder Singh Brar: India and European Union, 1996.
Page 28 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-III
Credits: 5
Subject Code-606305
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper IV (Option-I): Political Economy
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The objective of the paper is to understand the economic system and mode of
production and evolution of economic system. Papers familiarize the student with social
formations and capitalism & socialism society and its basic needs. The paper also aims that to
know the student about role of planning and market mechanism in capitalist, socialist and mixed
economy.
SECTION-A
Political Economy: Meaning, World outlook, Concept of Idealism & materialism, Metaphysics
& Dialectical. Dialectical laws of development. Mode of production and social superstructure.
Historical social formation: primitive communism, Slavery, feudalism capitalism and socialism.
SECTION-B
Rise of private Property, Classes and the State. Capitalism: Marxian analysis of Capitalism:
Commodity Production, surplus value and capital (ist) accumulation. Joseph A. Schumpeter;
Nature and process of Capitalist development. Monopoly Capitalism and Imperialism; Nature and
contradictions of capitalist development. Neo-colonialism: mechanism & methods of exploitation.
SECTION-C
W.W Rostow ; Transition to capitalism through Stages of Growth. Socialism: Nature of transition
to socialism, Essence, Pre-requisites, Aims, Policies and Problem of Transition to Socialism.
Nature of post revolutionary society. Structure of production relation under socialism.
Page 29 of 44
Batch-2014 Onwards
SECTION-D
Planning and Market Mechanism: Evolution of planning, Aims and forms of planning, Distinction
between the nature of planning under socialism and capitalism. Capitalist social planning; causes,
objective and methods for implementation. Role of Market in capitalist and socialist economy.
RECOMMENDED READINGS:
1. Karl Marx & F. Engels (1977) : Manifesto of the Communist Party, Progress Publishers,
Moscow, 2nd edition, pp. 34-74.
2. Joseph Stalin (1978): Dialectical Materialism, National Book Agency, Pvt. Ltd. , Calcutta,
pp.5 to 48.
3. Maurice Cornforth (1971) : Dialectical Materialism, National Book Agency, Pvt. Ltd. ,
Calcutta, 3rd edition, Vol. 1, Chs. 2-9, Vol. II, Chs. 3-10.
4. John Eaton (1973): Political Economy, International Publishers, New York, revised
edition, Chs. 2-11.
5. J.A. Schumpeter: Theory of Economic Development & Capitalism, Socialism and
Democracy.
6. W.W. Rostow (1971) : The Stages of Economic Growth, Cambridge University Press, 2nd
edition, Chs. 1,2 and 10.
7. T.W. Schultz (1970) : Transforming Traditional Agriculture, Lyall Book Depot, Ludhiana,
Ist Indian edition, Chs. 1-12.
8. Paul M. Sweezy (1991) : The Theory of Capitalist Development, K.P.Bagchi & Co.,
New Delhi, Ist Indian reprint, Chs. 1,2,4,5,6,8,9,14,15 & 17.
9. V.I. Lenin (1978): Imperialism: The Highest Stage of Capitalism, Progress
Publishers,
Moscow, 17th ed., Chs. 1 to 10 or Lenin's Collected Works, Vol.22.
10. Andre Gunder Frank (1975) : OnCapitalist Underdevelopment, Oxford University Press,
Delhi.
11. Balbir Singh (2003) : Vikas di Rajnitik Arthikta, Publication Bureau, Punjabi University,
Patiala.
12. John S. Augustine (ed.) (1983): Punjab Economy of Punjab: Some Fundamental
Issues(menogragh), Department of Economics, Punjabi University, Patiala.
13. Karl Marx: Capital , Vol, I Progress Publishers, Moscow (undated), Chs. I,V,VII &VIII.
14. Paul A, Baran (1962): The Political Economy of Growth, People's Publishing House, New
Delhi, Indian edition, Chs. 12,5 & 8.
15. Leo Huberman (1969):Man's Worldly Goods, People's Publishing House, New Delhi, Ist
Indian edition (reprint), Parts I and II.
Page 30 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-III
Credits: 5
Subject Code-606306
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper IV (Option-II): Comparative Economic System
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives:
SECTION-A
Economic System: Concept and Features; Mode of production and evolution of economic
systems;
Classification
of
social
formations/economic
systems;
Pre-capitalist
economies/societies, Capitalism and Socialism.
SECTION-B
Capitalism: Essence of Consumer's sovereignty; Private enterprise system and planning in
Capitalism; Commodity Production, surplus value and capital (ist) accumulation; Capitalism and
Imperialism.
SECTION-C
Socialism: Dialectical and Historical materialism; Contradictions of Capitalism and its
breakdown; Basic pre-conditions for Socialism, its transition period, its main features;
Transformation of production relations, ideas and institutions.
SECTION-D
Planning and Market Mechanism: Role in a Capitalist, Socialist and a Mixed Economy;
Development priorities, resource allocation, employment, income distribution and
inequality/poverty; Nature of a Third World economy and its Class-diversion.
Page 31 of 44
Batch-2014 Onwards
RECOMMENDED READINGS:
1.
Halm, George, N. : Economic System: A Comparative Analaysis.
2.
Louks, V.N. & Whitney,W.C.: Comparative Economic Systems.
3.
Dalton, G.: Economic Systems and Society.
4.
Willczynski, J.: Economics of Socialism.
5.
Kozolv, G.A.: Political Economy of Socialism.
Lavigne.M.: Economics of East European Socialist Countries and USSR.
Page 32 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-IV
Credits: 5
Subject Code-606401
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper I: Indian Economy-II
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The main objective of this paper is to provide proper knowledge about the Economy,
Agricultural trend & foreign capital and how to solve economic problems.
Section-A
Savings and Capital formation in Indian economy, Money and Capital market in India. Role of
Central Bank and their functions.
Section-B
Agriculture production & productivity trends, law level of productivity. Agriculture finance and
marketing. Need for Agriculture finance, main sources, Agriculture marketing in India,
Government measures to improve the system of agriculture marketing. Agricultural prices and
Agricultural price policy. Role of co-operative societies in Agriculture.
Section-C
Foreign capital in India: Foreign. Direct investment and portfolio investment, india’s foreign trade
in goods and services. Trade balance and balance of payment. WTO and Indian Agriculture.
Section-D
Poverty, unemployment & Black Money: Nature, extent government programmes for eradication
of poverty and unemployment. Economics inequalities regional imbalances.
Page 33 of 44
Batch-2014 Onwards
RECOMMENDED READINGS:
1. Jagdish N. Bhagwati & Sukhamany Chakravarty: Contribution to Indian Economic
Analysis: Survey.
2. Krishna Bhardwaj: Production Conditions in Indian Agriculture, Cambridge University
Press.
3. V.B Singh (ed) Economic History of India: 1857-1957, Allied Publishers.
4. Charan D. Wadhwa: Some Problems of India's Economic Policy, Tata McGraw Hills
Publishing Co.
5. Ruddar Datt & K.P.M : Indian Economy , S. Chand & Co. Surendra
6. J. Patel: Agricultural Labourers in Modern India and Pakistan.
7. S.C.Jha: Studeis in the Development of Capitalism in India, People's Publishing House.
8. Michael Kidron: Foreign Investment in India, Oxford University Press.
9. Ranjit Sau : Indian Economic Growth: Constraints and Prospects, Orient Longman.
10. Premit Chaudhry: Some Aspects of India Development, George Allen & Unwin , Blackie
(Index).
11. K.N.Raj : India: Pakistan and China: Economic Growth and outlook .
12. B. Singh & V.B. Singh (ed). Social and Economic Growth and Outlook.
13. B. Singh & V.B.Singh (ed) Social and Economic Change: Poverty and Social Change, a
Study in the Economic Reorganisation of India Rural Society, Macmillan Press, Daniel
Thomer & Alice Thurner: Eabour in India.
14. Arun Kumar: Black Economy in India. 1999, Penguin, New Delhi.
15. Amit Bhaduri and Deepak Nayar: Intelligent Readers Guide to Liberalization, Penguin,
New Delhi. 1996.
16. Dreze, Jean and Amartya : Economic Development and Social Opportunity , OUP. New
Delhi, 1995.
Page 34 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-IV
Credits: 5
Subject Code-606402
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper-II: Economics of Public Finance-II
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The main objective of this paper is to provide proper knowledge of govt. review &
expenditure system and federal finance. How Central, State & Local Bodies related to each other.
Section-A
Public Debt: Classical view of Public debt; compensatory aspect of debt policy; borrowing.
Burden of public debt. Principles of debt management methods of debt redemption.
Section-B
Fiscal policy: objectives of fiscal Policy:- full employment, anti-inflation, economic growth,
redistribution of income and wealth, interdependence of fiscal and monetary policies; Budgetary
deficits and their implications.
Section-C
Taxable capacity, meaning & determinant, meaning of impact, shifting and incidence of taxation,
distinction between impact and incidence, the importance of incidence, planning and programme
budgeting and zero bas budgeting.
Section-D
Fiscal federalism: Principles of Multi-unit finance fiscal federalism in India constitutional
provisions; Assignment of functions and sources of revenue, centre and state financial relations in
India, transfer of resources from union to states and local bodies.
Page 35 of 44
Batch-2014 Onwards
RECOMMENDED READINGS:
1. Musgrave, R.A and Masgrace. P.B. (1976) : Public Finance in Theory and Practice,
McGraw Hill, Kogakusha, Tekye.
2. Shoup, C.S.(1970): Public Finance, Aldine, Chicago.
3. Kaldor, N. (1955), An Expenditure Tax, George Allen and Unwin; London.
4. Musgrave R.A and C. Shoup (eds.): Readings in the Economics of Taxation, George Allen
and Unwin, London.
5. Barman, K. (1986), Public Debt Management in India, Uppal Publishing House, New
Delhi.
6. Buchanan J.M. (1958), Public Principles of Public Debt. A Defence And Restatement.
Richaard D Irwin Homewood.
7. American Economic Association (1955), Readings in Fiscal Policy, George Allen and
Unwin, London.
8. Government of India (1985): Long Term Fiscal Policy, New Delhi,
9. Gupta J.R. (ed.) Fiscal Deficits of State in India, Atlantre Publishers.Publishers, 2001.
10. Peacock, A and G.K, Shaw (1976), The Economic Theory of Fiscal Policy, George Allen
and Unwin, London.
11. Bhargave, R.N.(1967), The Theory and Working of Union Finance In India Chatanya
Publishing House, Allahabad.
12. Bhargava, P.K.(1982) Centre State Resouce Transfers in India. The Academic Press.
Gurgaon.
13. Gulati, I.S. (1979). Centre State Financial Relations: An assessment of the Role of Finance
Commission, M.S. University of Baroda, Baroda.
14. Srivastava, D.K. (ed.) (2000). Fiscal Federalism in India, Har-Anand Publication Ltd.
New Delhi.
15. Bhargava, R.N. (1969):Indian Public Finances, B.D. Bhargava and Sons, Chandausi,
16. Bhargava P.K (1976) : Taxation of Agriculture in India. Vora and Co. Bombay.
17. Bhargava, P.K (1984) : Some Aspects of Indian Public Finances, Uppal Publishing House,
New Delhi.
18. Chelliah, R.J. (ed.) (1977), Towards Sustainable Growth, Oxford University Press, New
Delhi.
Page 36 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-IV
Credits: 5
Subject Code-606403
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper-III (Option-I): Theory of Statistics
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The main objective of this paper is to provide the knowledge for statistical tools,
correlation, regression, types of distribution & different types of statistical test and how its uses.
Section-A
Multiple regression and correlation, partial regression and correlation, theory of attributer: basic
idea, Association of attribution.
Section-B
General characteristics and application of binomial, Possion and normal distribution.
Section-C
Estimation: Point of internal estimation, properties of point estimation, maximum likelihood
estimation, statistical hypothesis: Two tailed & one tailed test, type I & type II error, level of
significance, critical region.
Section-D
Large & small samples: Test of significance based on normal, T,F,Z test. Planning &
Organisation of Socio economic survey.
Preparation of questionnaire, types of sampling.
Page 37 of 44
Batch-2014 Onwards
RECOMMENDED READINGS:
1. F.E. Croxton & D.J. Cowden. Applied General Statistics Prentice Hall London and
Prentice Hall of India.
2. J.N. Kapur & H.C. Sexena: Mathematical Statistics, S. Chand & Co., Pvt. Ltd. New Delhi.
3. S.P.Gupta: Statistics, Sultan Chand & Sons, New Delhi, 2006.
4. M.R. Spegial: Theory and Problems of Statistics.
5. S.C.Gupta & V.K.Kapoor: Fundamental of Applied Statistics, Sultan Chand & Sons ,
New Delhi.
6. G.U. Yule & M.G.Kendall: An Introduction to Theory of Statistics (for theory of
attributes).
7. J.E. Freund & F.J. Willian: Modern Business Statistics, Prentice Hall, Englewood.
8. P.G.Hoel : Elementary Statistics, John Wiley & Sons.
9. P.H.Carmal: Applied Statistics for Economics, Sir Issac Pitman and Sons Ltd. London.
10. J.B.Freund: Mathematical Statistics, Prentice Hall.
11. A.M. Mood & F.A. Graybill: Introduction to the Theory of Statistics.McGraw Hill.
12. Ya-Lun Chou: Statistics Analysis , Hold, Rinehart and Winston, New York.
13. Taro Yamane: Statistics, An Introductory Analysis, Harper and Row, New York.
14. R.L. Grant: Statistical Quality Control, McGraw Hill Book Company, New York.
Page 38 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-IV
Credits: 5
Subject Code-606404
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper-III (Option-II): Econometrics
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: This paper deals with econometrics tools and the basic objective of the paper to
understand the nature, Scope and Methodology of Econometrics. To familize the student with
Hypothesis Testing, Model, Nature of data used in estimation.
SECTION-A
Introduction: Nature, Scope and Methodology of Econometrics, Specification of an Econometric
Model, Nature of data used in Estimation, Limitations of Econometrics, Elementary knowledge
of the basic concepts: Dummy, lagged, exogenous, predetermined, independent, dependent, proxy
& random variables. Comparison between Econometrics and Economic theory. Single Equation
Model: Ordinary Least Square Estimation.
SECTION-B
Testing of Hypothesis: Basic Concept; Type I and Type II errors. Testing of Hypothesis. F, t,
Z and Chi-square tests.
SECTION-C
The General linear model in Matrix form. Estimation and properties of the estimators. Tests of
significance of coefficients. Partial Correlation Coefficients. Multicolinearity: Its detection and
solution. Coefficient of determination. Correlation and heteroscedasticity.
SECTION-D
Page 39 of 44
Batch-2014 Onwards
Dummy Variables. The dummy variable trap. Interpretation of slope and intercept. Lagged
Variables: Uses in economics. Estimation Problem, Koyck transformation. Estimation of demand
function. Estimation of consumption function. Application of Dummy and Lagged variables in
Forecasting.
RECOMMENDED READINGS:
1. Damodar Gujarati: Basic Econometrics. McGraw Hill, New Delhi, 1965.
2. J. Johnston & J. Dinardo: Econometric Methods, McGraw Hill, New Delhi, 1997.
3. Koutsyiannis: Theory of Econometrics, Macmillan, New Delhi, 1978.
4. J.Johnston: Econometric Methods. McGraw Hill, New Delhi, 1992.
5. L.R.Klien : A textbook of Econometrics, Prentice Hall, New Delhi, 1978.
6. G.S.Maddala: Econometrics, McGraw Hill, New Delhi, 1977.
7. K.F. Wallis : Topics in applied Econometrics. Bray Hills, London, 1988.
Page 40 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-IV
Credits: 5
Subject Code-606405
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper-IV (Option-I): International Economics
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives: The main objectives of this paper to provide knowledge about international trade.
How two countries related with each other, its expert & import system.
Section-A
Pure Theory of International Trade: Classical, Comparative cost. Advantage, opportunity cost and
factor-Endowments. Theory of factor price equalization, reciprocal demand and offer curve
analysis.
Section-B
New Theories if International Trade: Intra-industry trade, product differentiation and
technology. Gains from trade and their distribution: terms of trade, concepts and measurement.
Secular deterioration thesis of terms of trade.
Section-C
Commercial policy: Free trade vs. protection. Theory of tariffs, effects of tariffs; partial and
general equilibrium analysis. Optimum and effective rates of tariffs. Stolper samuelson theorem.
Section-D
Theory of regional economic integration: Forms of integration, static and dynamic effects of
customs union. UNCTAD, GATT, WTO, EU, SAARC and NAFTAC . Foreign Investment and
its effects on the inverting host country.
Page 41 of 44
Batch-2014 Onwards
RECOMMENDED READINGS:
1. A.E.A (ed.): Readings in Theory of International Trade, George Allen & Unwin, 1970.
2. Jadish N. Bhagwati (ed.): International Trade, Penguin, London, 1969.
3. Bo Sodersten & Geoffrey Reed: International Economics, Macmillian, London. 1994f.
4. C.P. Kindleberger: International Economics, Richard Irwin, 1973, IIIinois.
5. I.F.Pearce: International Trade Book I and II. Norton, N.Y. 1970.
6. Sidney J. Wells: International Economics, George Allen & Unwin, London, 1996.
7. R.S.Ghuman: International Economics (Punjabi) Publication Bureau, Punjabi University,
Patiala, 1996.
8. Dominic K. Salvatore: International Economics, John Wiley and Sons.7th edition,
Singapore, 2001.
9. Paul Krugman and Maurice obstfed: International Economics: Theory and Policy,
Addison Wesley Longman, Singapore, Indian Re-print, 2000.
10. Anbne C. Kruger: WTO As an Organisation, Oxford University Press, Delhi, 1999.
11. Robert Heller: International Trade: Theory and Empirical Evidence. Prentice Hall, N.J.
1973.
12. S.Mookerjee: Factor Endowments and International Trade , Asia Publishing House,
Bombay, 1958.
13. J.Vanek: International Trade: Theory and policy, Richard Irwin, IIIinois, 1962.
14. J.E. Meade: Theroy of Customs Union, North Holland Publishing Co., Amesterdam, 1955.
15. V.N. Balasuramanyam (ed.) : Writings of International Economics by Jagdish Bhagwati,
Oxford University Press, Mumbai; 1998.
16. David Greenway and L.A Winters (ed.) : Survey in International Trade, Blackwell,
Oxford, 1994.
Page 42 of 44
Batch-2014 Onwards
GURU KASHI UNIVERSITY
University College of Basic Sciences & Humanities
Master of Arts (Economics)
Semester-IV
Credits: 5
Subject Code-606406
L T
P
5
0
0
Internal Assessment: 50 Marks
1st MST: 15 Marks
2nd MST: 15 Marks
Attendance: 10 Marks
Assignment: 10 Marks
External Assessment: 50 Marks
Max. Marks: 50
Time Allowed: 3 Hours
Pass Marks: 20
Paper-IV (Option-II): Regional Economics
Instructions for the Paper Setters:
1. There are 4 sections A, B, C, D are given. The examiner will set two questions with
alternative choice.
2. Section A, B, C, D, each questions will carry 10 marks.
Instructions for Candidates:
Candidates are required to attempt any 5 questions. At least one question should be attempt from
each section A, B, C, D from entire sections.
Objectives:
SECTION-A
Concept of Space and Region. Types of Region: homogeneous, nodal and programming. Regional
Income Accounts and Social Accounting. Accounting for Underdeveloped Regions and
Developed Open Regions.
SECTION-B
Dualism and Balanced Regional Development. Convergence and Divergence. Regional Linkages
spread and backwash effects. Regional Multipliers-the economic base type.
SECTION-C
Transportation and Location: Transport costs as a location factor. Weber's Theory of Location:
locational and weight triangles and minimization of transport costs. Coefficient of Localization,
Localization Curves and Ratios, and Related Concepts.
SECTION-D
Regional Allocation of Resources. Regional Investment Criteria. Interrelationship between
Regional and National Cycles. Regional Imbalances-Regional Income Inequalities in India.
Page 43 of 44
Batch-2014 Onwards
RECOMMENDED READINGS:
1.
Harry W. Richardson: Regional Economics, Weidenfolod and Nicolson,
London, 1976.
2.
Walter Isard: Methods of Regional Analysis, The MIT Press, Massachusatts
and London,England, 1976.
3.
David Smith: Industrial Location: An Economic-Geographic Analayis, John
Wiley, New York, 1971.
4.
L. Needleman(ed.): Regional Economics, Penguin Books,Ltd., 1968.
5,
Harvey Pari off, et al: Regions, Resources and Economic Growth, University
Nabraska Press, Lincoln, USA.
6.
Edgar M. Hover: An Introduction to Regional Economics New York, Alfred
A. Knopf, 2nd edition.
Page 44 of 44