INFORMATION ABOUT THE DEPARTMENT OF ECONOMICS. Designation Qualification Specialisation M.A. M Phil Macro Economics. Professor.

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1 Syallbus FACULTY OF ARTS, EDUCATION & SOCIAL SCIENCES MASTER OF ARTS General Information for Students ECONOMICS New Examination Scheme: Part Total no. Q. Marks each Q. Total Marks A B C Total 100 The examination for the degree of Master of Arts, education and Social Sciences shall consist of two parts; (I) the Previous- Examination and (ii) The Final Examination. The examination will be through theory papers practical/viva. Pass marks for the previous and final examinations are 36% of the aggregate marks in all the theory paper and viva/practical, and not less than 25% marks in the individual theory paper/viva/practical a candidate is required to pass in the written and the practical viva examinations separately, Successful candidates will be placed in the following division s oil the basis of the total marks obtained in previous and final examinations taken together First division 60%, Second division 48% and Third division 36% No student will be permitted to register himself simultaneously for more than one postgraduate course. ATTENDNCE 1. For all regular candidates in the faculties of arts, Education and Social Sciences, Law, Commerce and engineering, the minimum attendance requirement shall be that a candidate should have attended at least 75% of the lectures delivered and tutorials held taken together as well as 75% of practice s and sessionals from the date of his/her admission. 2. Condonation of shortage of attendance The shortage of attendance upto the limits specified below may be condoned on valid reason: i) Upto 6% in each subject plus 5 attendances in all the aggregate of subjects/papers may be condoned by the vice-chancellor on the recommendation of the Dean/Director/Principal for undergraduate students and on the recommendation of the Head of the Department for the post-graduate classes. ii) The N.C.C./NSS; Cadets sent our to parades and camps and such students who are deputed by the University to take part in games, athletic or cultural activities may,. For purpose of attendance, be treated as present for the days of their absence in connection with the aforesaid activities and that period shall be added to their subject wise attendance. Note: 1. the attendance for supplementary students will be counted from he date of their admission 2 In the Faculty of Engineering the attendance requirement will apply to each semester However, in case of practical s where examination is not held at the end of the first semester but at the end of the second semester, attendance will be counted at the end of the second semester taking into account attendance put in both the semesters (i.e first and second )taken together. 1

2 MEDIUM Candidates are not allowed to use any medium except Hindi or English for answering question papers. For answering papers in the subjects of English/ Hindi the medium will be corresponding Language only For answering question papers in the subject of Sanskrit the candidates are allowed to use Sanskrit, Hindi or English unless specified otherwise. S.No INFORMATION ABOUT THE DEPARTMENT OF ECONOMICS Name Designation Qualification Specialisation Qualification M.A. M Phil Macro Economics Associate NET,Ph.D Dr.(Mrs.) Rekha Mehta Professor & Head Associate M.A. M. Phil Industrial Dr. Madan Mohan Professor Ph. D. Economics Assistant M.A.,NET, Econometrics Dr. L.L. Salvi Professor Ph.D. Assistant M.A. NET Labour Economics Mr. Parvez Ali Professor Assistant M.A. NET Economic Dr. Kanta Choudhary Professor Ph.D development Assistant M.A. NET Labour Economics Mrs. Rekha Professor Assistant M.A. M. Phil Industrial Dr. Jaya Bhandari Professor Ph. D. Economics Assistant M.A. M. Phil Mathematical Dr. Rajni Kant Trivedi Professor Ph. D. Economics Assistant M.A. NET Agriculture Mr.Shravan Raj Professor SLET Economics Assistant M.A. NET International Dr. Dev Karan Genwa Professor SLET Ph. D. economics TEACHING AND EXAMINATION CLASSES Class Papers Periods per Maximum Minimum pas week Marks Marks M.A. PREVIOUS Compulsory-4 Papers (Papers I to IV) Paper I : Micro Economics Paper II : Micro Economics Paper III : Economics of Development Paper IV : Quantitative Economics M.A. FINAL Compulsory-3 Papers (Papers V to VII) Paper V : Public Finance Paper VI : International Economics Paper VII : Comprehensive Economics Optional-Papers of One Group Optional-GROUPA: Agricultural Economics Paper I % in aggregate Duration hrs

3 Paper II GROUP C Industrial Economics Paper Paper I II GROUP D Labour Economics Paper Paper I II GROUP H :Mathematical Economics Paper I Paper II % in aggregate 3 3 Unit 1 : Unit 2 : Unit 3 : M.A. Economics (Previous) Examination PAPER I MICRO ECONOMIC THEORY Elasticity of Demand-Price, Cross and income; Elasticity of Supply; Theories of demand-utility, indifference Curves (income and substitution effects-hicks and slutsky methods)compensated demand curves and their application; Revealed Preference theory, Consumer s choice involving risk, Hicks Version of Demand Theory ; Consumer Surplus Gould and Lazear : Micro Economic Theory, Sixth Edition ( Richard D Irwin Inc. Illinois) Ch Joshi, J.M.& Joshi, Rajendra: Ch. 6,7,8,9,&10 Koutsoyiannis : Modern Micro Economics Ch.2 Production Function-Short period and long period; Law of variable proportions and returns to scale; Isoquants-least cost combination of inputs, Returns to factors; Economics of Scale; Elasticity of substitution; Euler s theorem; Technical Progress and Production function, Cobb- Douglas Production function, Cost Curves Gould and Lazear:Chaps 6,7,8, Joshi and Joshi : Chaps. 12,13, 14 and 15 Koutsoyiannis : Chaps.3,4, Marginal analysis as an approach to Price and output determination, Perfect Competition- Short run and long run equilibrium of the firm and industry, price and output determination,supply curve Monopoly-Short run and long run equilibrium, price discrimination,. Welfare aspects, Monopoly control and regulation; Monoplistite Competition-general and Chamberlain approaches to equilibrium; equilibrium of the firm and the group with product differentiation and selling costs, excess, capacity under monopolistic competition, criticism of monopolistic competition; Oligopoly-Noncollusive (Cournot, Bertrand, Edgeworth, Chemberlin, Kinked demand curve and Stackelberg s Solution) and collusive models; bilateral monopoly Gould and Lazear: Chaps. 9.10,12,13 3

4 Unit 4 : Joshi & Joshi : Chaps 11,17, Koutsoyiannis,: Chaps. 9,10 Boumol S Sales revenue maximization model; Williamson s model of managerial discretion; Marris s model of managerial enterprise: Factor price and employment determination under Competitive and imperfectly competitive markets Gould and Lazear: Chaps. 14,15 Joshi & Joshi : Chaps 22,23 Koutsoyiannis,: Chaps. 15,16,17,21 Unit 5 : Theory of General equilibrium: General Equilibrium of Exchange,. General Equilibrium of Exchange and Production; General Equilibrium in a two good economy, Walras s Law. Welfare economics: Pareto optimality, conditions for maximum welfare; New Welfare Economics; social welfare function. Theory of the second best and compensation criteris; Gould and Lazear: Chaps. 16,17 Joshi & Joshi : Chaps 27 Koutsoyiannis,: Chaps. 22,23 RECOMMENDED READINGS Hicks, J.R. : Vaule and Capital Friedman Milton : Price Theory Chamberlin : Theory of Monopolistic Competition Leftwich ; The Price System and Resource Allocation Boumoul : Economic Theory and Operational Analysis Bilas, R.A. : Micro Economic Theory iz u iz= & 1 O;f"V vkffkzd fl)kar bdkbz &1 ekax dks yksp&dher] frjnh,oa vk; yksp] iwfrz dh yksp] ekax ds fl)kaur&mi;ksfxrk] mnklhurk oø ¼vk;,oa izfrlfkkiuu izhkko&fgdl vksj LyV~Ldh fof/k½] {kfriwjd ekax oø,oa mldk iz;ksx] izdv vf/keku fl)kur] mihkksdrkvksa dh :fp tksf[ke mbkus lfgr] fgdl dk ekax fl)kur] mihkksdrk dh cpr bdkbz & 2 mriknu Qyu&vYidky vksj nh?kzdky] ifjorzu khy vuqikrksa dk fu;e vksj isekus ds izfrqy] memrikn oø&vnkvksa dk U;wure ykxr la;ksx] lk/kuksa ds izfrqy] isekus dh cprsa] izfrlfkkiukiurk dh yksp] ;wyj izes;] rdfudh fodkl ¼izxfr½ vksj mriknu Qyu] dkwc&mxyl mriknu Qyu] ykxr oø bdkbz & 3 dher vksj mriknu dk fu/kkzj.k dk flekur fo ys".k n`f"vdks.k] iw.kz izfr;ksfxrk QeZ vksj m ksx ds vyidky vksj nh?kzdkyhu larqyu dher vksj mriknu 4

5 bdkbz &4 bdkbz&5 fu/kkzj.k] iwfrzoø,dkf/kdkjh&vyidkyhu,oa nh?kzdkyhu lurqyu] dher fohksn] dy;k.kdkjh n`f"vdks.k],dkf/kdkjh fu;u=.k vksj fu;eu],dkf/kdkjkred izfr;ksfxrk&lkeku;,oa psecjysu }kjk izfrikfnr lurqyu] QeZ,oa leqg lurqyu mrikn fohksnhdj.k,oa fodz; ykxrksa ds lunhkz esa],dkf/kdkjkred izfr;ksfxrk esa vfrfjdr {kerk],dkf/kdkjkred izfr;ksfxrk dh vkykspuk,a] vyikf/kdkj&xsj le>ksrk ¼Øwuks] cvsz.m],tca/k] psecjysu fodq phr½ ekax oø vksj LVsDdsycxZ lek/kku vksj le>ksrk ekamy f};kf/kdkj ckweky dk fodz; vf/kdre ekwmy] fofy;elu dk izcu/k foosdk/khu ekwmy] izcu/kdh; m eksa dk ekfjl ekwmy] iw.kz izfr;ksfxrk,oa viw.kz izfr;ksfxrk cktkjksa esa lk/kku dh dher,oa jkstkxkj fu/kkzj.k lk/kkj.k lke; dk fl)kur % fofue; dk lk/kkj.k lke;] fofue;,oa mriknu dk lkeku; lke;] nks olrq vfkzo;olfkk esa lkeku; lke;] cyjkl ds fu;e] dy;k.kdkjh vfkz kkl=] isjsuvks vuqdwyrerk] vf/kdre dy;k.k dh krsza] uo dy;k.kdkjh vfkz kkl=] lkekftd dy;k.k Qyu] f}rh; Js"Brk dk fl)kur vksj {kfriwfrz dlksfv;ka PAPER II MACROECONOMICS Unit 1 : General Macro Economics Concepts-Equilibrium, Exogenous and Endogenous variables, Stock and Flow. Concept of GNP: Its various components, Different forms of National income accounting- Social accounting, Input-output accounting, Flow of Funds accounting and Balance of Payments accounting Classical Macro Economics Ackley, G.: Macro Economic Theory and Policy, 1987 chs 1,2,3,4,5 Demburg, T.F. and Mc Dougall, D.M. : Macro Economics 5/e, 1997 Chs 2&3 N. Gregory Mankiw: Macro Economics, 5/e, 2006, (Herein after referred as text) chs. 2&3 Unit 2 : Keyne s Macro Economics, supply side Economics, IS and LM framework, _ Derivition of IS and LM Curve, Equilibrium in the Goods and Money market, Mundell-Fleming Model, Asset Markes Expectations and exchnge rates, The Aggregate Supply and Aggregate Demand. Tex Chs and 13 Dornbusch, Ficher and Startz ; Macro Economics, 9/e, 2005 Chs. 5,10,`12 Rosalind, Leavcic and Rebmann : Macro Economics _ An Introduction to 5

6 Unit 3 : Unit 4: Keynesian Neo Classical Controversies 2/e, reprint 1991, Chs. 2,3,,10 Consumption Function : Keynes Psychological law of Consumption, short run and long-run consumption function; Income consumption relationship- Absolute Income, Relative Income, Life Cycle and Permanent income Hypothesis, Investment Function-Marginal efficiency of investment and level of investment; Marginal efficiency of Capital and investment; The accelerator theory of Investment; The impact of inflation. Tex Chs. 16 & 17 Dornbusch, Ficher and Startz ; Chs,13 &14 Demand for Money : Keyne s liquidity Preference approach, post- Keynesian apporaches to demand for money; Patinkin and the Real Balance effect, Approaches of Baumol and Tobin; Friendman and the modern quantity theory; Crisis in Keynesian economics and the revival of moneatrism Supply of Money; Financial intermediation a mechanistic model of bank deposit determination A behavioral Model of money supply determination, a demand determined money supply, Process, RBI approach to money supply; High powered money and money multiplier; budget deficits and money supply; money supply and open economy; control of money supply. Theory of Inflation- classical, Keynesian and Monetarist approaches to inflation structuralize theory of inflation; Philips curve- short run and long run philips curve; Samuelson and Solow- the natural rate of unemployment hypothesis; Tobin s modified Philips Curve; Adaptive expectations and rational expectations; Policies to Control inflation; Tex Chs, 13 &18 Rosalind, Levacic and Rebmann: Chs 8,9, and 18 Gupta G.S. : Macro Economics- Theory and Applications, 2001 Chp.4 Unit 5 : Business Cycles : Theories of Schumpeter, Kaldor Samuelson and Hicks, Real Business cycle theory and Godwin s Model; Control of Business Cycles- relative efficency of Monetary and Fiscal policy. New classical Macro Economics : The new classical critique of Micro Foundation, the New classical approach Tex Chp. 19 Dornbusch, Ficher and Startz : Chp. 20 Hicks, J.R. (1950): A contribution to the theory of Trade cycle. Lucas, R. : Studies in Business Cycle Theory, 1981 RECOMMENDED READINGS Taigan, R.L. : Readings In Money, National income and Stabilization Policy Turnovsky, S. I. : Macro Economic Analysis and stabilization Policy Heijdra, B.J. andj Derploege, F.: Founations of Modern Macro Economics Friedman, M. : The theory of Consumption Function Mankiw, N.G. and D. Romer (eds)(1991) New Keynesian Economics 6

7 lef"v vfkz'kkl=,e-,- ¼iwokZ)½ isij II bdkbz 1 % lkeku; vfkz'kkl=h; /kkj.kk;sa& lke;] vurtzr vksj cfgtzr pj] LdU/k vksj izokg pja ldy jk"vªh; mrikn /kkj.kk;sa %& muds fofhkuu?kvd] jk"vªh; vk; ys[ks ds fofhkuu :i & lkekftd ys[kkadu] vknku&mriknu ys[kkadu] fuf/k;ksa dk izokg ys[kkadu] Hkqxrku 'ks"k ys[kkadua izfrf"br lef"v vfkz'kkl=a bdkbz 2 % dsul dk lef"v vfkz'kkl=] iwfrz i{k vfkz'kkl+=] IS vksj LM :ijs[kk & IS vksj LM dh mrifùk] olrq vksj eqnzk cktkj esa lke;] eq.msy & ysfeax ekwmy] ifjleifùk cktkj vk'kalk, vksj fofue; nj] dqy iwfrz vksj dqy ekax QyuA bdkbz 3 % mihkksx Qyu] dsut dk mihkksx dk euksoskkfud fu;e] vyi dky vksj nh?kzdky mihkksx Qyu] vk;&mihkksx laca/k & fujis{k vk; ifjdyiuk] lkis{k vk; ifjdyiuk] thou pø vksj LFkk;h vk; ifjdyiuka fuos'k Qyu % fuos'k dh lhekur dk;zdq'kyrk vksj fuos'k dk Lrj; iwath dh lhekur dk;zdq'kyrk vksj fuos'k] vyidky vksj nh?kzdky; fuos'k dk Rojd fl)kur; eqnzklqhfr dk izhkkoa bdkbz 4 % eqnzk dh ek x % dsut dk rjyrk vf/keku fl)kur] eqnzk dh ek x ds mùkj dsuth; er; isfvadu vksj oklrfod 'ks"k izhkko] ckweksy dk er] tsel Vksfcu dk er] fýmesu vksj vk/kqfud ifjek.k fl)kur; dsuth; vfkz'kkl= esa ladv rfkk eqnzkokn dk iqu% mrfkku] eqnzk dh iwfrz % foùkh; e/;orhz csad tek fu/kkzj.k dk ;kaf=d ekwmy & eqnzk iwfrz fu/kkzj.k dk O;ogkjoknh ekwmy] ek x fu/kkfjr eqnzk iwfrz izfø;k] eqnzk iwfrz dh fjtoz csad ifjhkk"kk] mpp 'kfdr;qdr eqnzk vksj eqnzk iwfrz xq.kd; ctv?kkvs vksj eqznk dh iwfrz; eqnzk iwfrz vksj [kqyh vfkz&o;oklfkk; eqnzk iwfrz ij fu;a=.ka LQhfr dk fl)kur & izfrf"br] dsul vksj eqnzkoknh er] LQhfr dk lajpukred fl)kur; fqfyil oø & vyi dky vksj nh?kzdky fqfyil oø; lse;qylu vksj lksyks & csjkstxkjh dh izkd`frd nj ifjdyiuk; Vksfcu dk la'kksf/kr fqfyil oø; vuqdwfyr izr;k'kk vksj foosdiw.kz izr;k'kk; LQhfr dks jksdus dh uhfr;k A bdkbz 5 O;kikj pdz % 'k`eihvj] dkymj] lse;qylu vksj fgdl dk O;kikj pdz( oklrfod O;kikj pdz vksj xqmfou dk ekwmy( O;kikj pdz dk fu;a=.k&eksfnzd,oa jktdks"kh; uhfr dh lkisf{kr izhkkodkfjrk]uo&izfrf"br lef"v vfkz kkl= % lef"v LFkkiuk dh uo izfrf"br vkykspuk] uo&izfrf"br izlrko 7

8 M.A. Pre Paper III Unit 1 : Unit 2 : Unit 3 : Unit. 4: PAPER III ECONOMICS OF DEVELOPMENT The Development Gap and Income Distribution; Per capita Income as and index of Development; measuring Poverty; Tackling Poverty. Human Poverty Index and Human Development Index Characteristics of Underdevelopment; Stages of Development and Structural Change, Rostow s Stages of Growth, Industrialization and Growth, Kaldor s Laws of Growth. Thirlwall, A.F. (2004)- Growth & Development, Wiled Palgrave McMillan Chs Todaro, M.P. Smith, S.C. (2004) -Economic Development (8 th ed)pearson Education LPE Cha 2,4 Classical Growth Theory, Schumpeter s Unstable Growth Theory, Harrod & Domer Growth Models, Neoclassical Growth Theory, Solow s Model of Growth, Production Funtion Approach to the Analysis of Growth, New (Endogenous) Growth Theory and the Macro determinants of Growth, Romer s Model of Economic Growth Thirlwall, Cha 4 ; Todaro Cha, 4,5 Land: Role of Agriculture, Organization of Agriculture and Land Reforms, Supply Response of Agriculture, Transforming Traditional Agriculture, Interdependence of Agriculture and Industry, Economic Development with Unlimited Supplies of Labour, Rural/Urban Migration and Urban Unemployment, Disguised Unemloyment Incentives and Costs of Labour Transfer: Role of Capital, Capital/output Ratio, Technical progress, Capital-Labour Saving Technical progress, Technological Progress in Societies, Investment in Human Capital-Education, Women s Education, Infrastructure Investment Financial Systems and Economic Development, Monetization and Money Market Integration, Developing Banking System, Special Development Banks and Micro Credit Financial Intermediaries, Fiscal Policy and Taxation, Inflation, Saving and Growth; Kaynesian approach to Financing Development, Reconciliation of Prior Saving and Forced Saving Approach, Quantity Theory approach, Non-inflationary Financing of Investment, Inflation and Growth Thirlwall, Cha 5,6,4, Todaro, Cha Dualism, Cumulative Causation, Regional Inequalities International Inequalities and Center-Periphery Models, Prebisch Model, Seers Model, Export Growth Model of Regional Growth Rate Differences; Theories of 8

9 Dependence and Unequal Exchange; The World population, Determinants of Fertility, Costs and Benefits of Population Growth, Enkey s Work, Simon s Challenge; The Optimum Population, Model of Low Level Equilibrium Trap. The Critical Minimum Effort Thesis; Environment and Economic Activity, Market based Approach to Environmental Analysis; Externalities; Common Property Resources, Harvesting Renewable Resources, Non-renewable Resources, Measuring Environmental Values, Risk and Uncertainty, Economic Growth and Environment, Sustainable Development; Natural Capital and Equity. Thirlwall, Cha 7,8,11,Todaro,Cha 7,11 Unit : 5 The Market Mechanism and Market Failures, Role of the State, Development Plans, Policy Models, Projection Models, Allocation to Industry versus Agriculture, The Comparative Cost Doctrine, Present Versus Future Consumption, Choice of Techniques, Balanced versus Unbalanced Growth, Investment Criteria, Project Choice and the Social Welfare Function. Project Appraisal; Financial Appraisal, Economic Appraisal, Divergence between Market Prices and Social Values, Economic Prices for Goods, Nontraded Goods and Conversion Factor, Traded Goods, Shadow Prices for Factors of Production, Social Rate of Discount, social Cost of Investment Shadow Wage Rates, Examination of Change in Consumption in Industry and Agriculture, Valuaton of Production foregone and the increase in consumption; Social Appraisal. Capital Intensity of Techniques in Developing Countries, Conflict between Employment, Output and Employment & Saving in the Choice of Techniques, Aggregative Implications of Factor Substitution Wages and the Capital Intensity of production, Different Classes, Propensity to Consume, Support of Unemployment, Distinction between Consumption and Investment, Taxes and Subsidies; RECOMMENDED READINGS Thirlwall, Chs 9.10,12,Todaro, Chs.6 RECOMMENDED Readings Meier, G.M. and Rauch,J.E (2006)- Leading Issues in Economic Development, Eighth edition, Oxford University Press, New Delhi Barrow, R. and Sala-I-Mirtin, X (2007) - Economic Growth, New York, McGraw Hill Charles, Janes, Economic Growth Mishan, E.J.-Cost Benefit Analysis, Allen and Unwin, London Adelman, L-Theories of Economic Growth and Development, Stanford University Press, Stanford Behrman, S. and Srinivasan, T.N.-Handbook of Development Economics. Vol. 3, Elsevier, Amsterdam Chenery H.B-and Srinivasan T,N.-Handbook of Development Economics Vol.1&2 Eisevier, Amistedam Hyami, Y.-Development Economics Oxford University Press, New York Sen, A.K.(Ed)- Growth Economics, Penguin, Harmondsworth Solo. R.M.-Growth Theory : An Exposition, Oxford University Press Oxford Schumpeter, J.A-Theory of Economic Development, Harvard University press, Cambridge, Mass Todaro, M.P-Development Planning : Models and Methods, Oxford 9

10 University Press, Oxford Gupta, S.B-Monetary Economics : Institutions, Theory and Policy, S, Chand and Co. New Delhi Mehrotra, S., Richard, J.,Development with a Human Face, Oxford University Press New Delhi. bdkbz 1 % bdkbz 2 % bdkbz 3 %,e-,- iwokz) isij III fodkl dk vfkz'kkl= fodkl varjky,oa vk; forj.k % izfr O;fDr vk; fodkl lwpdkad ds :i esa; xjhch dk eki % xjhch ds mik; ; ekuo xjhch lwpdkad,oa ekuo fodkl lwpdkad vyifodkl ds y{k.k % fodkl dh volfkk,a vksj lajpukred ifjorzu] jkslvkso dh fodkl volfkk,a] vks ksfxdj.k,oa o`f)] dsymksj ds o`f) fu;ea vfuok;z ibu FkyZokWy],-,Q- ¼2009½] o`f) vksj fodkl] foysikwy xszo esdfeyu v/;k; 1] 2] 3 VksMs jks],e-ih- flefk],l-lh-2009] vkffkzd fodkl fi;zlu,tqds'ku,yihbz v/;k; 2] 4 'kkl=h; o`f) fl)kar] 'kqeihvj dk vflfkj o`f) fl)kar] gsjksm,oa Mksej dk o`f) izk:i] uo&'kkl=h; o`f) fl)kur] lksyks dk o`f) fl)kar] o`f) fo'ys"k.k esa mriknu Qyu iz;kl] u;k ¼vUr% izo`fr½ o`f) fl)kar,oa o`f) ds lexz fu/kkzjd] jksej dk vkffkzd o`f) fl)kur vfuok;z ibu FkyZ okwy] v/;k; 4 VksMs jks] v/;k; 4] 5 Hkwfe % d`f"k dh Hkwfedk] d`f"k dk laxbu,oa Hkwfe lq/kkj] d`f"k dk iwfrz laosnu] ijeijkxr d`f"k dk :ikeurj.k] d`f"k,oa m ksx dh 10

11 vurj&fuhkzjrk] vkffkzd fodkl ds lkfk Je dh vlhfer iwfrz] izoztu,oa 'kgjh csjkstxkjh] Nn~e csjkstxkjh] Je ifjorzu ds izsjd,oa ykxrsa] iwath dh Hkwfedk] vuqikr] rduhdh fodkl] cpr rduhdh fodkl] lekt esa rduhdh fodkl] ekuo iwath esa fuos'k & f'k{kk] L=h f'k{kk] v %iwath fuos'k foùkh; O;oLFkk,oa vkffkzd fodkl % eksnzhdj.k,oa eqnzk cktkj leuo;] csfdax O;oLFkk dk fodkl] fo'ks"k fodkl csad,oa O;f"V _.k foùkh; lalfkk,a] jktdks"kh; uhfr,oa djkjksi.k] eqnzklqhfr] cpr,oa o`f)] foùkh; fodkl ds izfr dsut ds mik;] iwoz cpr,oa cykr~ cpr iz;kl ds chp lkeatl;] ifjek.k fl)kar iz;kl] volqhfrdkjh foùkh; fuos'k] LQhfr,oa o`f)a vfuok;z ibu FkyZ oky] v/;k; 5] 6 14 VksMsjks v/;k; 10] 9 bdkbz 4 % }Sr] lap;h dkjdro] {ks=h; vlekurk,a] vurjkz"vªh; vlekurk,a,oa dsunz ifjf/k izk:i] izsfc'k izk:i] fl;lz izk:i] {ks=h; fodkl nj vurjky ds fu;kzr izk:i] fuhkzjrk,oa vleku glrkagj.k ds fl)kar] fo'o tula[;k] tula[;k o`f) ds fu/kkzjd] tula[;k o`f) ds ykxr,oa ykhk],udh ds dk;z] lkbeu dh pquksrh] vuqdwyre tula[;k] fueu Lrj vk; larqyu izk:i] Økarhd U;wure iz;kl dk fl)kar i;kzoj.k,oa vkffkzd fø;k % i;kzoj.k fo'ys"k.k ds izfr cktkj vk/kkfjr iz;kl] cká cprsa] yksd laifùk lalk/ku] uodj.kh; lalk/ku la/kku] vuodj.kh; lalk/ku] i;kzoj.kh; ewy;ksa dk ekiu] tksf[ke,oa vfuf'prrk, ] vkffkzd o`f),oa i;kzoj.k] la/kkj.kh; fodkl] izkd`frd iwath,oa va'k iwatha vfuok;z ibu v/;k; 7] 8] 11 VksMs jks] v/;k; 7] 11 11

12 bdkbz 5 % cktkj ra=,oa cktkj vlqyrk,a] jkt; dh Hkwfedk] fodkl ;kstuk,a] uhfr izk:i] vxzs"k.k izk:i] m ksx@d`f"k esa forj.k] rqyukred ykxr fl)kar] orzeku@hkfo"; mihkksx] rduhd dk pquko] larqfyr,oa vlarqfyr fodkl] fuos'k vf/keku] iz;kstuk vf/keku,oa lekt dy;k.k fø;k iz;kstuk ewy;kadu % foùkh; ewy;kadu] vkffkzd ewy;kadu] cktkj dher,oa lkekftd dherksa esa vurjky] olrqvksa dh vkffkzd dhersa] vfoi.kh; olrq,a,oa laj{k.k rro] foi.kh; olrq,a] mriknu lk/kuksa ds Nk;k ewy;] lkekftd dvksrh nj] fuos'k dh lkekftd ykxrsa] Nk;k etnwjh njsa] m ksx,oa d`f"k esa mihkksx laca/kh ifjorzuksa dk ijh{k.k] mihkksx esa o`f),oa mihkksx ifjr;kx dk ewy;kadu] lkekftd ewy;kadu fodkl'khy ns'kksa esa rduhdh dh iwath l?kurk] rduhdh ds fu/kkzj.k esa jkstxkj,oa mriknu] jkstxkj,oa cpr vkfn esa fojks/kkhkkl] lk/ku izfrlikiu ds lexz izhkko] mriknu esa etnwjh,oa iwath l?kurk] i`fkd oxz] mihkksx izo`fr] csjkstxkjh dk lefkzu] mihkksx,oa fuos'k esa vurj] dj,oa vuqnku vfuok;z ibu FkyZokWy] v/;k;] 9] 10] 12 VksM jks v/;k; 16 vuq'kaflr ibu ek;j th-,e-,oa jkåp] th-bz- ¼2006½ fymhax bzlwt bu bdksukfed fmosyiesav] vkboka izdk'ku] vkdlqksmz ;wfuoflzvh izsl] ubz fnyyha csjks] vkj,oa lkyk bz- ekfvzu],dl ¼2007½ bdksuksfed xzksfk] U;w;kdZ] esdxzks fgy pkylz] ftul] bdksuksfed xzksfk,myesu],y] ffkvjht vkqq bdksuksfed xzksfk,.m fmosyiesav] LVsuQksMZ ;wfuoflzvh izsl] LVsuQksMZ csgjeu,l-,oa Jh fuoklu Vh-,u- gs.m cqd vkwq fmosyiesav bzdksuksfedl okayq;e Fkzh],Ylok;j],DlVMZe áeh] okbz- fmosyiesav bdksuksfedl vks-;w-ih-] U;w;kdZ 12

13 Unit I : Unit 2 : Unit 3 : Unit 4 : Unit 5 : lsu,-ds- ¼izdkf'kr½ xzksfk bdksuksfedl] isxqabu] gkekszul ofkz lksyks-vkj-,e- xzksfk ffkvjh %,u,dliksft'ku] vks-;w-ih- vkdlqksmz 'kqeihvj] ts-,- ffkvjh vkwq bdksukseh fmoysiesav],p-;w-ih- dsfeczt] ekl VksMs jks,e-ih- fmoyiesav Iykfuax % ekwmy,.m esfkml] vks-;w-ih-] fnyyh esgjks=k,l- fjpmz ts fmosyiesav fofk, áweu Qsl vks-;w-ih-] ubz fnyyh PAPER IV QUANTITATIVE METHODS FOR ECONOMICS PART I : ELEMENTARY MATHEMATICS Co-ordinate geometry : Rectangular and Polar Coordinates, Straight Line Equations and Graphs of Parabola and Graphs of Hyperbola Liner Simultaneous Equations, Quadratic Equations, Determinants: Basic Operations and applications Matrices: Basic Properties, Elementary operations, adjoints, inversions; Simple Input output Systems,. Solution of Linear Equations through matrix inversion and determinants (Cr amer s Rule) Linear Programming-Basic Concepts. Solution of Linear Programming through graphical and Simplex Methods (Maximization Problem) Elementary differential calculas : Meaning, Geometrical Interpretation, Standard results and Formulae, Derivatives of higher order, functions of two or more variable, Partial differentiation, Total Differential, Maxima Minima Points of Inflexion, Difference equation-first and Second order Elementary Integration David Huang : Introduction to the use of Mathematics in Economic Analysis Parry Lewis : Mathematics for Students of Economics Mehta&Madnanai : Mathematics for Economics, Part I Chiang, A.C. : Fundamental Methods of Mathematical Economics. PART II: STATISTICS Measures of Dispersion-standard Deviation, Skewness, and Correlation: Karlperson and spearman s Rank. Regression: Concept of the least squares and the lines of regression, The standard error of estimates, Index Numbers and Time Series Analysis Elementary Theory of Probability: Definition, marginal and Conditional Probability, Addition and multiplication Theorems, Baye s Theorem, Density functions; expectations, Moments and moment generating functions. Theoretical distribution: normal distribution, Poisson Distribution, Binomial distribution Elementary Sampling Theory, Sampling distribution of mean, Estimation: Point estimation and interval estimation, Properties of a goad linear estimator (without Proof) Test of Hypothesis s Large sample test; Mean and difference of Means, 13

14 small sample tests, chi-square, t and F Test Croxton, Cowdon and Klein : Applied General Statistics RECOMMENDED READINGS Allen, R.G.D: Mathematical Analysis for Economics : An Elementary survey Taro Yammance : Statistics Archibald and Lisey : An Introduction to Mathematical Economics Waugh : Elements of Statistics (H.E) Ellhance, D.N. : Fundamentals of Statistics (HE), Sankhyiki ke Mool Tatva (H) Umarji, R.R. Probability and Statistic Methods Mills, J. : Statistical Methods Heel, H, el. P.P. Introduction of Mathematical Statistics bdkbz&i % bdkbz&ii % bdkbz&iii % isij IV vfkz'kkl= ds fy, ek=kred fof/k;ka Hkkx I % izkjfehkd xf.kr js[kkxf.krh; fuiq.krk % jsdvuxqyj,oa iksyj js[kkxf.kr] lh/kh js[kk lehdj.k,oa ikjkcksyk xzkq,oa gk;ijcksyk xzkq js[kh; lqxir lehdj.ksa] EokMªkfVd lehdj.ks] lkjf.kd % ewy O;qRifÙk,oa iz;ksx] esfvªdl % ewy fo'ks'krk, ] izkjfehkd O;qRifÙk],Mtksb.V] buolz % ljy vkxr & fuxzr i)fr] js[kh; lehdj.kksa dk gy & esfvªdl buolz,oa lkfj.kd ¼Øsej fu;e½ }kjka izkjfehkd vodyu x.kuk % vfkz] js[kkxf.krh; O;k[;k] LVs.MMZ ifj.kke,oa QkWewys] mpp Øe ds vodyu] nks vksj vf/kd pjksa dh fuhkzjrk] vkaf'kd vodyu] dqy vodyu] vf/kdrek] U;wurek] LQhfr dk fcunq] vurj lehdj.k & izfke,oa f}rh; Øe] izkjfehkd lekdyua vifdj.k ds eki % izeki fopyu] fo"kerk lglecu/k; dkyz fi;zlu,oa Lih;jeSu Øe] izrhixeu % U;wure oxz dh vo/kkj.kk,oa izrhixeu js[kk] vkdyu dh izeki =qfv] lwpdkad,oa dkyjs.kh fo'ys"k.k 14

15 bdkbz&iv % bdkbz&v % izkfkfedrk dk izkjfehkd fl)kur % ifjhkk"kk] lhekur,oa lizfrcu/k izkfkfedrk] tksm+,oa xq.kk fu;e] cst iz;se]?kuro Qyu % izr;k'kk] vk/kw.kz,oa vk/kw.kz mrifùk Qyu] ls)kfurd forj.k % izlkeku; forj.k] O;klka forj.k] f)in forj.k izkjfehkd izfrp;u fl)kur % ek/; dk izfrp;u forj.k vkdyu % fcunq vkdyu,oa vurjky vkdyu;,d vpns js[kh; vkdyd dh fo'ks"krk,a ¼fcuk fl) fd;s½ ifjdyiuk ijh{k.k] cms+ izfrn'kz ijh{k.k; ek/;,oa ek/;ksa dk vurj] y?kq izfrn'kz ijh{k.k] dkbz oxz] t,oa F ijh{k.k 15

16 M.A. Economics (Final) Examination New Examination Scheme: Part Total no. Q. Marks each Q. Total Marks A B C Total 100. COMPULSORY PAPERS (Three Papers) V, VI, VII M.A. FINAL ECONOMICS PAPER V PUBLIC FINANCE UNIT 1 Introduction: Normative Approach to Public Finance The Theory of Optimum Budget. Role of Government in Economic Development; Private goods, Public goods and Merit goods; Market Failure imperfections, decreasing costs and externalities. Musgrave, R.A. 1959: The Theory of Public Finance, McGraw Hill, Chaps.1 & 2 Herber, B.P Modern Public Finance, (Fifth Edition): Richard, D. Irwin, Chaps. 1,2 & 5 Browning E.K. and Browning J.M. 2004: Public Finance and the Price System, Pearson Education, Chaps 2 Bagchi, Amaresh.2005 : Readings in Public Finance ; Oxford University Press, Chaps 4,5,6,7 & 9 UNIT 2 Taxation: Theory of incidence, Alternative Concepts of incidence, Principles of Taxation Benefit appraoch (The Lindhal and Bowen Model), Ability to pay approach (subjective and objective approach, Musgrave and Samuelsons s solution). Theory of optimal taxation. Excess Tax Burden, Theory of measurement of dead weight losses. Musgrave,R.A., and Musgrave, P.B.1989(Fifth edition): Public Finance in Theory and Practice, McGraw-Hill Chaps 14,.15,16 & 17 Musgrave R.A. : Chaps.4,5, & 7 16

17 Herber, B.P. : Chaps. 5,6,7 Bagehi A.: Chaps 11,12,13,14 UINIT 3 Public Expenditure and Public Debt - Wagner s law of increasing state activities ; Wiseman Peacock hypothesis, Pure theory of public expenditure; Structure and growth of public expenditure; Reforms in expenditure budgeting; programme budgeting and zero base budgeting. Classical view of public debt; Compensatory aspect of debt policy; Burden of public debt; Sources of public debt; Debt through created money; Principles of debt management and repayment Musgrave R.A.; Chaps. 23,24 Musgrave R.A & Musgrave P.B.: Chaps. 8.9.& 32 Herber, B.P.: Chaps. 4, 22 UNIT 4 Fiscal Policy and Fiscal Federalism : Objectives of fiscal policy full employment, anti inflation, economic growth, redistribution of income and wealth; Interdependence of fiscal and monetary policies; Budgetary deficits and its implications; Fiscal policy for stabilization automatic vs. discretionary stabilization, Balanced budget multiplier. Fiscal Federalism : Finance Commission. Devolution of resources and grants; Resource transfer from union to states Criteria for transfer of resources; Centre States financial relations in India; Problems of State s resources from Union and States to local bodies. Herber B.P. : Chaps. 20,21 Bagchi, A : Chaps. 16,19,20,21,22,23 Browning E.K. & Browning J.M.: Chap.8 Govt. of India: Reports of Various Finance Commission Musgrave R.A.: Chaps 17,18, 20 UNIT 5 Indian Public Finances : Indian tax system ; Revenue of the Union, States and Local bodies; Major taxes in India ; Base of taxes, direct and indirect taxes, Reforms in direct and indirect taxes, Taxes on services; Non-tax revenue of Centre, State and Local bodies. Trends in Public Expenditure and Public Debt, Fiscal Crisis and Fiscal Sector Reforms in India. Dutt and Sundram (Latest edition): Indian Economy, S.Chand & Co., New Delhi. Kaushik Basu, eds (2007) : Economics in India OUP, New Delhi. Govt. of India, Ministry of Finance: Indian Public Finance statistics Govt. of India, Ministry of Finance: Raja J. Challiah Committee Report Govt. of India, Ministry of Finance: Kelkar Committee Report RBI Bulletins : Various Issues Economic and Political Weekly : Various Issues Musgrave, R.A.: The Theory of Public Finance, McGraw Hill Herber, B.P: Modern Public Finance 17

18 Cornes, R and T. Sandler(1986) The Theory of Externalities, Public Goods and Club Goods, Cambridge University Press, Cambridge Dulf, L.(1997) : Government and Market, Orient Longman, New Delhi Bird, R. and O. Olodman(1967) : Reading in Taxation in Developing Countries, John Hopkings University Press, Boltimore Cutt, J(1969) : Taxation and Economic Development in India, Fridrick A Pralger Publisher, New York Chelliah, Raja J (1971):Fiscal Policy in Under -developed Countries, George Allen and Unwin, London Stigliz, Joseph.E (2000) : Economics of Public Sector, Norton. RECOMMENDED READINGS Kaul. I. & Conceicao (Eds)2006: The New Public Finance, Oxford University Press, New York. Mishan, E.J.(1982): Cost Benefit Analysis: An Informal Introduction, George Allen and Unwin, London Phyrr, P(1970): Zero Base Budgeting : A Practical Management Tour Tool for Evaluating Expenses, John Weiley, New York. Sahni, B.S.(Ed)(1972) : Public Expenditure Analysis : Selected Readings, Rotherdam, University Press. Barman, K (1986) : Public Debt Management in India Uppal Publishing House, New Delhi Peacock, A and G.K. Shaw (1976) : The Economic Theory of Fiscal Policy, George Allen and Unwin, London Chelliah, Raja, J et. Al. (1981): Trends and Issues in India, Federal Finance, National Institute of Public Finance and Policy, New Delhi Challiah, R.J.(Ed) (1997): Towards Sustainable Growth, Oxford University Press, New Delhi Jha Raghbendra 1989: Modern Theory of Public Finance, Wiley Eastern Ltd., New Delhi Dutt, R (ed) (2001) : Second G eneration Economic Reforms in India Deep & Deep Publication, New Delhi Government of India: Reports of the Tax Reforms Committee Interim and Final (Chairman:Raja J. Chelliah ) Tyagi B.P.: Public Fiance(Latest ed) Relavant chs., Jai Prakash Nath & Co., Meerut. Govt. of India: Report of Finance Commission Economic Survey(Latest ed) Fiscal Responsibility and Budget Management Act, 2003 R.B.I : Report of Currency and Finance Musgrave, R.A. and P.B. Musgrave (1976) : Public Finance in Theory and Practice, McGraw Hill Kogakusha, Tokyo Shome.P(ed) (1995) : Tax Policy Handbook, Tax Division, Fiscal affairs Department International Monetary Fund, Washington D.C. Bagchi, A and Stern N(Eds) (1989) : Tax Policy and Planning in Developing Countries (OUP) Bagchi A.(ed)2005: Readings in Public Finance, OUP. Kaushik and Basu (2007) : Economics in India. OUP Mundle S. 2000: Public Finance Policy Issues for India, Oxford University Press. iz'u i= iape yksdfoùk 18

19 bdkbz izfke % izkjfehkd ifjp; % lkoztfud foùk dk vkn'kkzred n`f"vdks.k vuqdwyre ctv dk fl)kar] vkffkzd fodkl esa ljdkj dh Hkwfedk] futh olrq,a] lkoztfud olrq,a vksj mrd`"v olrq,a] cktkj foqyrk,a] nks"k]?kvrh ykxrsa vksj fero;;rk,aa bdkbz f}rh;% djkjksi.k % djhkkj dk fl)kar] dj Hkkj ds osdfyid fl)kar] djkjksi.k ds fl)kar] ykhk n`f"vdks.k ¼fy.Mky vksj ckosu ekwmy½ Hkqxrku lkef;z fl)kar] ¼O;fDrijd vksj olrqijd n`f"vdks.k] elxzso vksj lse;qylu gy½] vuqdwy djkjksi.k dk fl)kar] vfrfjdr dj HkkjA bdkbz r`rh;% lkoztfud O;; vksj lkoztfud _.k % jkt; dh vkffkzd fø;kvksa esa o`f) dk osxuj fu;e] okbtesu ihdkwd ifjdyiuk, ] lkoztfud O;; dk 'kq) fl)kar] lkoztfud O;; dh o`f) vksj <k pk] lkoztfud O;; esa lq>ko] ctfvax] izksxzkfeax ctv vksj thjks csl ctva lkoztfud _.k ds izfrf"br fopkj] _.k uhfr ds {kfriwjd n`f"vdks.ka lkoztfud _.k dk Hkkj] lkoztfud _.k ds L=ksr] _.k ds ek/;e ls eqnzk fuekz.k] _.k izcu/k ds fl)kar vksj iquhkqzxrkua bdkbz prqfkz% jktdks"kh; uhfr vksj jktdks"kh; la?kokn % jktdks"kh; uhfr vksj mn~ns'; iw.kzjkstxkj] xsj eqnzklqhfr] vkffkzd fodkl] vk; vksj /ku dkj iquzforj.k] jktdks"kh; uhfr vksj eksfnzd uhfr dh ikjlifjd fuhkzjrk] ctvh;?kkvk vksj buds rro jktdks"kh; uhfr ds fy, LFkk;hdj.k] Lopkfyr cuke LFkk;hdj.k] lraqfyr ctv xq.kd] jktdks"kh; la?kokn] foùk vk;ksx vuqnku vksj lk/kuksa dks voewy;u] la?kh; jkt; ls lk/ku glrkarj.k] lk/kuksa ds glrkurj.k ds fy, ekin.m] Hkkjr esa dsunz jkt; foùkh; laca/k] la?kh; vksj jkt; ds LFkkuh; fudk; ls jkt; ds lk/kuksa dh lel;k,aa iape bdkbz% Hkkjrh; yksdfoùk] Hkkjrh; iz.kkyh] la?kh; vk;] LFkkuh; fudk; vksj jkt;] Hkkjr esa izeq[k dj] dj dk vk/kkj] lsok ij izr;{k vksj vizr;{k dj] dsunz dh xsj dj vk;] jkt; vksj LFkkuh; fudk;] lkoztfud 19

20 _.k vksj lkoztfud O;; esa izo`fr;ka] jktdks"kh; ifjorzu vksj Hkkjr esa jktdks"kh; {ks= esa lq>ko lanfhkzr iqlrdsa % elxzso] vkj ^lkoztfud foùk ds fl)kar^,e lh xzkfgy gjcj] ch ih ^vk/kqfud lkoztfud foùk^ R;kxh ch ih yksdfoùk nùk vksj lqunje ^Hkkjrh; vfkzo;olfkk,l pkan,.m dkjiksjs'ku] ubz fnyyh ckxph vejs'k 5 ^lkoztfud foùk vks ;w ih dksf'kd vksj cklq ¼2007½ Hkkjrh; vfkz'kkl= vks ;w ih Hkkjrh; ljdkj] foùk vk;ksx dh fofhkuu fjiksvz~l bdksukwehd,.m iksfyfvdy fodyh] ofj;l b';wl PAPER VI INTERNATIONAL ECONOMICS UNIT 1 The pure theory of International Trade : trade under absolute and comparative cost differences, opportunity cost doctrine, the specific factors model, the Heckscher-Ohlin theory, factor-price equalization theorem; Empirical testing of the Ricardian theory and the H.O. theory, Kravis and Linder s thesis; Role of dynamic factors : Changes in tastes, technology and factor endowments; the Rybczynski Theorem, Stolper-Samuelson theorem and the Concept of immiserizing growth Krugman, P.A. and Obstfeld, M. : International Economics : Theory and Policy, 6/e Pearson Education, 2003 (Herein after referred as text), Ch.2,3,4 Chacholiades, M : International Economics, 1990, Chs. 4,5 UNIT 2 Terms of trade : Different Concepts of terms of trade, factors affecting terms of trade and importance of the concept; hypothesis of secular deterioration of terms of trade, Instruments of trade intervention : Tariffs: effects of tariffs in partial and general equilibrium, effective rate of tariff, the Optimum tariff; Effects of Import quotas; Differences in the operation of Tariffs and quotas, the concept of equivalence between them, other non-tariff instruments of trade policy; Voluntary exports restraints and export subsidies etc. Trade under imperfect competition : The effect of increased market size; economies of scale and comparative advantage, the significance of intraindustry trade REAQUIRED READINGS Text : Chaps 5 and 8 Chacholiades, M : International Economics, Chs, 3,7 and 9 20

21 UNIT 3 UNIT 4 Balance of Payments : Meaning and components, Current account and capital account, surpluses and deficits; Measures to correct disequilibrium; Automatic measures, Quasi-adjustment measures and permanent therapy; Theories of devaluation: Elasticities, absorption and Monetary approaches; Foreign Trade Multiplier with and without foreign repercussions Exchange rate: Determination of exchange rate under floating exchange rate system, Purchasing Power Parity theory; Fixed versus Flexible exchange rates Text : Chs. 12,15 and 19 Chacholiades, M : International Economics, Chs. 12,13,14,15,17,18 and 19 Forms of Economic Cooperation: the theory of Customs Union; the theory of optimum Currency areas, rationale and progress of SAARC/SAFTA and ASEAN Regionalism versus Multilateralism, EU, NAFTA,GATT and WTO : WTO as an organization, TRIPS, TRIMS, Agricultural sector and Agreement on Textiles and clothing, Dispute Settlement understanding IMF : Objectives, Quotas, Par-values, Causes of the breakdown of the Bretton woods system; role of gold, SDR : their creation; working of the SDRs system, SDR valuation, the present system of managed flexibility, IMF financial facilities, conditionality Clause of the IMF; Reforms of the International Monetary system; World Bank, IDA and IFC, Asian Development Bank, Theory of short-term Capital Movements and East- Asian crisis and lessons for developing countries REQIRED READINGS Text : Chs. 9,18.20,22 Chacholiades, M : International Economics, Chs. 10 and 20 UNIT 5 Trade Problems and Trade Policy of India : Recent Changes in the value, composion and direction of India s exports and Imports, Reforms in India s external sector since 1991, India s forex reserves; recent exportimport policies Joshi, V. and Little, I.M.D : India s Economic Reforms , OUP, 1998 Verma, M.L.: International Trade, Vikas Publishing House Pvt. Ltd., New Delhi, 1995 RBI Bulletin : Various Issues Economic and Political Weekly : Various Issues, Bombay. RECOMMENDED READINGS American Economic Association : Readings in International Economics, Richard D. Irwin Inc., 1968 Bhagwati, J.N., Panagaria, A. and Srinivasan, T.N. : Lectures on International Trade 2 nd ed OUP-2003 Caves, R.E.: Trade and Economic Structure, Cambridge, Mass, Harravard University Press, 1960 Grauwe, R.D. : Economics of Monetary Union, 4 th ed., Oxford University Press,

22 Haberler G : The Theory of International Trade, London, Mecmillan Co., Ltd., 1937 Kemp, M.C. : The Pure theory of International Trade and Investment Prentice Hall, 1969 Pugel, T.A.: International Economics 12 th ed., McGraw Hill, 2004 Jones, R.W. and Kenen P.B.(ed) : Handbook of International Economics, Elsevier Science Pub. Vol. I, 1984 Kenen, P.B. : The International Economy, 4 th ed. Cambridge Univ. Press, Kreinin, M.E.: International Economics, 9 th ed., South-western, Thomson Learning, 2002 Meade, J.E.: The Balance of Payments, London, Oxford University Press,1951 Mundell,R.A.:International Economics,Macmillan Publishing Co.,New York,1968 Ohlin, B: Interregional and International Trade, 2 nd ed., Harvard University Press, Cambridge Mass, 1967 Venek, J: International Trade and Economic Growth Viner,J: Studies in the Theory of International Trade, New York, Harper and Broth Publisher, 1937 Falvey, R. and Kreickemier, U.(ed) Recent Development in International Trade Theory:, Edward Elger Publishing Ltd,.2005 bdkbz 1 % bdkbz 2 % iz'u i= VI vurjkz"vªh; vfkz'kkl= vurjkz"vªh; O;kikj dk fo'kq) fl)kar % fujis{k ykxr vurj dk fl)kar,oa rqyukred ykxr dk fl)kar] volj ykxr fl)kar fof'k"v lk/ku izk:i] gso'pj vksyhu izes;] fjdkmksa ds fl)kar o gso'pj vksfyu fl)kar dh vkuqhkfod tk p] Øsfol,oa fymj okn] izkosfxd rroksa dh Hkwfedk] lk/ku miyc/krk] rduhdh,oa :fp esa ifjorzua fjfctuldh izes;] LVkWYij lseqvylu izes;] dy;k.k vodkjd fodkl dh vo/kkj.kka O;kikj dh 'krsz % O;kikj dh 'krksz dh vo/kkj.kk,a] O;kikj dh 'krksz ds fu/kkzj.k?kvd,oa O;kikj dh 'krksz dk egro] O;kikj dh 'krkzs esa fujis{k fxjkov dh miifjdyiuk] O;kikj esa ck/kk,a mriuu djus okys?kvd iz'kqyd % iz'kqyd dk lkeku;,oa vkaf'kd lke; fo'ys"k.k] iz'kqyd dh izhkkoh nj] vuqdwyre iz'kqyd] vk;kr fu;rka'k ds izhkko] iz'kqyd o fu;rka'k ds izpkyu esa vurj,oa lekurk, ] O;kikj uhfr ds xsj iz'kqyd ;U=] fu;kzr vuqnku,oa,sfpnd fu;kzr fu;a=.k viw.kz 22

23 bdkbz 3 % bdkbz 4 % izfr;ksfxrk esa O;kikj %& c<+rs gq, cktkj ds izhkko] isekus dh cpr,oa rqyukred ykhk] vur%m ksx O;kikj dk egro Hkqxrku larqyu % vfkz,oa oxhzdj.k] pkyw [kkrk,oa iw th [kkrk]?kkvk,oa vfrjsd] Hkqxrku larqyu vlke; dks Bhd djus ds mik;] Lopkfyr mik;] v)z lek;kstd mik;,oa LFkk;h mik; eqnzk voewy;u dk fl)kar% yksp mikxe] vo'kks"k.k mikxe,oa eksfnzd mikxe] fons'kh O;kikj xq.kd jsijdqflu@izr;korzu lfgr,oa vlfgra fofue; nj % flfkj,oa yphyh fofue; nj] Ø; 'kfdr lerk fl)kar] yphyh fofue; nj iz.kkyh }kjk fofue; nj dk fu/kkzj.k vkffkzd lg;ksx ds :i % vkpkj la?k ¼pqaxh la?k½ ds fl)kar] b"vre eqnzk {ks= dk fl)kar] SAARC/SAFTA,oa ASEAN ds eksfyd rdz,oa izxfr {ks=h;okn,oa cgqi{kh;okn EU, NAFTA, GATT,oa WTO fo'o O;kikj laxbu lalfkk ds :i esa] O;kikfjd cksf)d laink vf/kdkj] O;kikj ls lec) fuos'k] d`f"k {ks= ls lec) le>ksrk] dim+k,oa ol= le>ksrk] fookn fuivkjk iz.kkyh vurjkz"vªh; eqnzk dks"k % mn~ns';] vh;'ka] lerk ewy;] czsvuoqml~ O;oLFkk ds <g tkus ds dkj.k] Lo.kZ dh Hkwfedk] SDR : SDR iz.kkyh dh dk;z iz.kkyh] ewy;kadu,oa orzeku fofue; nj iz.kkyh] IMF dh foùk lqfo/kk,a] 'krsz] vurjkz"vªh; eksfnzd O;oLFkk esa lkeizfrd ifjorzu fo'o csad] IDA,oa IFC,f'k;u fodkl csad] y?kq vof/k iwath xfr'khyrk dk fl)kar,oa iwoz,f'k;u ladv rfkk fodkl'khy jk"vªksa dks ikb bdkbz 5 % Hkkjr dh O;kikj uhfr,oa lel;k, ] ewy; esa orzeku ifjorzu] Hkkjrh; vk;kr,oa fu;kzr ds Lo:i,oa fn'kk] lu~ 1991 ls Hkkjrh; ckgjh {ks= esa lq/kkj] Hkkjr esa vkjf{kr fons'kh eqnzk fuf/k] orzeku vk;kr fu;kzr uhfra 23

24 Paper VII COMPREHENSIVE ECONOMICS Unit I: - Research Methodology:- Meaning, objectives and Scope of Research, Steps of Social Research, formulation of Research problems, Ethics in Social Research. Required Readings Gopal, M.H. An introduction to Research in Social Sciences Goods & Hatt : Methods in Social Research, Mc Graw. Unit II: - Demography :- Meaning, scope and importance Measures of population Growth, population structure and population distribution Characteristics of Indian population though recent census. Required Readings Jhingan, M.L.: Demography, Vrinda Delhi Asha A. Bhende, Tara Kanitkar Principals of Population Studies Himalaya Publishing house. Unit III :- Indian Economy :- Current trends of National Income. Current five year plan:- priorities and strategy. Poverty and unemployment. Required Readings Dutt, Ruddra and sundharam, KPM : Indian Economy, Latest ed Nathuram, Laxmi Narayan: - Indian Economy B.L. Ojha: - Indian Economy Unit IV :- Growth and producitivity trends in Indian Agriculture. W.T.O. and sustainable agriculture development. Globalization, Liberalization and New Industrial policy. Co-operative movment in India- structure and development. Required Readings Dutt, Ruddra and Sundharam, KPM :- Indian Economy Nathuram, Laxmi Narayan :- Indian Economy Unit V :- Economy of Rajasthan :- Current trends of State Income 24

25 Current five year plan :- priorities and strategy Major irrigation projects Financial promotion policies of state government for Industrial sector, Co-operative movement in Rajasthan. Required Readings Nathuram, Laxmi Narayan: - Economy of Rajasthan B.L. Ojha: - Indian Economy iz'u i= VII o.kzukred vfkz kkl= bdkbz 1- vuqla/kku izfof/k%& vuqla/kku dk vfkz] mn~ns ;,oa {ks=] lkekftd vuqla/kku dk Lrj] vuqla/kku lel;k dk fuekz.k] lkekftd vuqla/kku esa usfrdrk lgk;d iqlrdasa ohjsunz izdk k 'kekz % fjlpz esfkksmksyksth vkj-,u- f=osnh] Mh- ih- 'kqdyk % fjlpz esfkksmksyksth] ds-,u- ukxj % lkaf[;dh ds ewy rro bdkbz 2- tukafddh % vfkz] {ks=,oa egro] tula[;k o`f)] tula[;k lajpuk,oa tula[;k forj.k ds eki] tux.kuk ds }kjk Hkkjrh; tula[;k dh eq[; fo ks"krk,sa lgk;d iqlrds,l-lh- JhokLro&tukafddh v/;;u ds izk:i&fgeky; ifcyds ku gkml f koukjk;.k xqir % tukafddh ds ewy rro MkW- t;izdk k fejk % tukafddh ds fl)kur&lkfgro Hkou ifcyds ku bdkbz 3- Hkkjrh; vfkz kkl= % jk"vªh; vk; dh orzeku izo`fr;ka] pkyw iapo"khz; ;kstuk % izkfkfedrk,a,oa O;wgjpuk] xjhch,oa csjkstxkjh lgk;d iqlrdsa :nznùk] lqunje] ds-ih-,e- & Hkkjrh; vfkz kkl= y{ehukjk;.k ukfkqjke & Hkkjrh; vfkz kkl= ch-,y- vks>k & Hkkjrh; vfkz kkl= ¼v?kru laldj.k½ bdkbz 4- Hkkjrh; d`f"k esa o`f),oa mrikndrk izo`fùk;ka] fo o O;kikj laxbu,oa la/kkj.kh; d`f"k fodkl] os ohdj.k] mnkjhdj.k rfkk ubz vks ksfxd uhfr] Hkkjr esa lgdkfjrk vkunksyu& lajpuk,oa fodkl lgk;d iqlrdsa :nznur] lqunje] ds-ih-,e- & Hkkjrh; vfkz kkl= y{ehukjk;.k ukfkqjke & Hkkjrh; vfkz kkl= ch-,y- vks>k & Hkkjrh; vfkz kkl= ¼v?kru laldj.k½ bdkbz 5- jktlfkku dh vfkzo;olfkk jkt; vk; dh orzeku izo`fr;ka pkyw iapo"khz; ;kstuk & izkfkfedrk,,oa O;wgjpuk o``grr flapkbz ;kstuk 25

26 vks ksfxd {ks= esa jkt; ljdkj dh foùkh; izksrlkgu uhfr;k ] jktlfkku esa lgdkfjrk vkunksyu lgk;d iqlrdas y{ehukjk;.k ukfkqjkedk & jktlfkku dh vfkz O;oLFkk vuq kaflr lkexzh ¼v ru laldj.k½ OPTIONAL PAPERS Group A: Agricultural Economics PAPER I PRINCIPLES OF AGRICULTURAL ECONOMICS Unit 1 : Nature and Scope of agricultural economics: Peculiarities of Agriculture and their effects on production, employment and income. Problems of Agriculture. Role of Agriculture in Economic Development. Agricultural Development, poverty and environment. Unit 2 : Agricultural Production function: Relationship between Resources and Products; Principles of choice and Resources allocation: Resource substitution and Factor relationship; Choice between products and resource uses, Returns to scale and Farm Size. Unit 3 : Farm incomes and agricultural prices: Reasons of Price fluctuations Measures of stabilisation, Cobweb Theorem and State policies with respect to agricultural prices. Economic efficiency in the Agricultural Industry, Tenure system and farm efficiency. Unit 4 : Agriculture and economic growth: Product Market and factor contribution of Agriculture to economic growth. State and Agriculture : Need for and goals of State intervention. The role of state with special reference to credit, marketing and prices. Unit 5 : Salient features of agriculture in U.S.A. Price support and surplus disposal policies. Erstwhile U.S.S.R : Organisation of collective farms and its contribution to Soviet economic development. Japan : The role of agriculture in modern Japanese economic development W.T.O. and Agriculture: Domestic support to Agriculture in U.S and E.U and Hong Kong agreement on reduction in export subsidies in U.S. & E.U. Countries. RECOMMENDED READINGS; Ahuja, Astha(2006):Agriculture and Rural Development in India. New Century Publications, New Delhi John, W.Mellor : The Economics of Agricultural Development Choen : Economics of Agriculture. Heady, E.O. : Economics of Agricultural Production and Resources Use, Prentice Hall of India (Chaps. 1,2,3,4,5,8,12,20 and 24) Eicher and Witt : Agriculture in Economic Development, Vora & Co. Publishers Pvt. Limited, Bombay (Chaps 1,2,5, and 15), 1970 Halcrow, H.C. : Contemporary Reading in Agriculture, Mc-Graw Hill Prentice Hall, N.J., 1955 Gulati, A and T. Kelly (1999) Trade Liberalisation and Indian agriculture, Oxford University Press, New Delhi. Kahlo, A.S. and Tyagi D.S.(12983): Agricultural Price Policy in India, Allied Publishers, New Delhi 26

27 N.L. Aggarwal(2003): Bhartiya Krishi Ka Arth Tantra, Rajasthan Hindi Granth Academy, Jaipur (Hindi) Schultz, T.W. : Transforming Traditional Agriculture, Yale University,1964 Sadhu, A.N and Singh, A.(2000): Fundamentals of Agricultural Economics, Himalaya Publishing House, New Delhi bdkbz 1 % bdkbz 2 %,e-,- ¼vfUre o"kz½ d`f"k vfkz'kkl= ds fl)kar izfke iz'u i= d`f"kxr vfkz'kkl= dh izd`fr,oa {ks=] d`f"k dh fo'ks"krk,a,oa mriknu] jkstxkj rfkk vk; ij mlds izhkko] d`f"k dh lel;k,a] vkffkzd fodkl esa d`f"k dh Hkwfedk] d`f"kxr fodkl] xjhch rfkk i;kzoj.ka d`f"kxr mriknu Qyu % mriknu o lk/kuksa ds e/; lecu/k] p;u ds fl)kar,oa lk/ku vkoavu] lk/ku izfrlfkkiu,oa lk/ku lecu/krk] mrikn o lk/ku iz;ksx ds e/; p;u] isekus ds izfrqy,oa QkeZ vkdkja bdkbz 3 % QkeZ vk;,oa d`f"kxr dhersa % dher mppkopuksa ds dkj.k] bdkbz 4 % flfkjhdj.k ds mik;] edm+h tkyk fl)kar,oa d`f"kxr dherksa ds lanhkz esa jkt; uhfr;k ] d`f"k m ksx dh vkffkzd n{krk] Hkw /kkj.k O;oLFkk,oa QkeZ n{krka d`f"k,oa vkffkzd o`f) % vkffkzd o`f) esa d`f"k mrikn] cktkj,oa lk/ku ;ksxnku] jkt;,oa d`f"k % jkt; glr{ksi ds mn~ns';,oa vko';drk] lk[k] foi.ku,oa dherksa ds fo'ks"k lanhkz esa jkt; dh HkwfedkA bdkbz 5 % ;w,l, esa d`f"k dh eq[; fo'ks"krk,a] dher lefkzu,oa vfrjsd izk;kst; uhfr;k ;w,l,lvkj % lkewfgd [ksrh dk laxbu rfkk lksfo;r vkffkzd fodkl esa bldk ;ksxnku] tkiku % vk/kqfud tkikuh vkffkzd fodkl esa d`f"k dh Hkwfedk 27