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COURSE STRUCTURE OF MASTER OF ARTS (ECONOMICS)
Effective from June 2013
SEMESTER WISE SYLLABUS UNDER CBCS
FOR
MASTER OF ARTS (ECONOMICS)
Semester –I
Course Type Course No. Name of the Course Credits External Internal Total
3 Core Courses PA01CECO01 Micro Economics 04 70 /28 30 100/40
PA01CECO02 Macro Economics 04 70 /28 30 100/40
PA01CECO03 Theories of
International Trade
04 70 /28 30 100/40
Elective Course 1
(Any One)
PA01EECO01 Theory of Agricultural
Economics
04 70 /28 30 100/40
PA01EECO02 Industrial Organisation
and Finance
04 70 /28 30 100/40
PA01EECO03 Theory of
Environmental
Economics
04 70 /28 30 100/40
Elective
Course 2
(Any One)
PA01EECO04 Central Banking 04 70 /28 30 100/40
PA01EECO05 Economics of Rural
Development
04 70 /28 30 100/40
PA01EECO06 Theory and Practice of
Co-operation
04 70 /28 30 100/40
PA01EECO07 Research Methodology
and Computer
Application in
Economics
04 70 /28 30 100/40
Self Study & Soft
Skills Course
PA01SECO04 Theory And Practice of
Co-operation
04 70 /28 30 100/40
Comprehensive
Viva
PA01CECO04 All Courses 01 35 / 14 15 50/20
Total 25
Page 2
Semester –I Paper Code: PA01CECO01 Total
Credit: 4 Title of Paper: Micro Economics
Unit Description in Detail Weightage
(%)
1. Scope of Economic Theory and Methodology of Economics
Meaning, Nature, Scope and Subject matter of economics; Micro and
Macro Analysis; Static and dynamic Analysis, Methodology of
Economics – Deductive and Inductive Methods
25
2. Equilibrium
Meaning and Kinds of Equilibrium – Stable, Unstable and Neutral
Equilibrium; Marshall and Walras on stable and unstable equilibrium,
Short and long period equilibrium, Single and multiple equilibrium;
Partial and general equilibrium, General equilibrium of exchange and
consumption, Current Issues
10
3. Demand Analysis-1
Concept of Demand, Factors affecting demand, demand theorem; Utility
Approach-Diminishing Marginal Utility and Equi-marginal utility,
Indifference curve approach – characteristics, consumer‟s equilibrium,
Laffer Curve, Hicks and Slutsky Theorems, Inferior and Giffen Goods
25
4. Demand Analysis-2
Revealed preference theory; Price Elasticity of demand –Percentage
method, Total outlay method, Point method and Arc method, consumer‟s
surplus – Marshall and Hicks, Current Issues
20
5. Theory of Production
Law of Variable proportions; Iso –quants- characteristics, Diminishing
marginal rate of technical substitution, Producer‟s equilibrium, Laws of
Returns – The law of diminishing returns, the law of constant return, the
law of increasing returns
20
References
(1) Ahuja H.L., Advanced economic theory-Microeconomic Analysis, S.Chand &co. Delhi.
(2) Deweet K.K., Modern economic theory, S.Chand and Company, New Delhi.
(3) Hirshleifr J. and Glazer A., Price theory and applications, Prentice Hall, New Delhi.
(4) Koutsoyiannis A., Modern Microeconomics, Macmillan press, London.
(5) Lipsey and Chrystal, Economics, Oxford University Press, New Delhi.
(6) Prasad K.N., Lectures on micro-economic theory, Himalaya publishing house.
(7) Sen Anindya., Microeconomics-Theory and applications, Oxford Uni. press, Delhi.
(8) Seth M.L., Principles of Economics (Micro and Macroeconomics) Lakshmi Narain
Agrawas, Agra.
(9) Stigler., Theory of price,Prentice hall, New Delhi.
(10) Stonier A and Hague D., A Textbook of Economic theory, Longman group, London.
(11) Sundharam K.P.M. and Sundharam E.N., Economic Analysis, S. Chand and sons,Delhi.
(12) Samuelson, Economics, Tata Mcgraw Hill, New Delhi
Page 3
Paper Code: PA01CECO02 Total Credit: 4
Title of Paper: Macro Economics
Unit Description in Detail Weightage
(%)
1.
Macroeconomics and National Income Accounting
Macroeconomics- Methodology and subject matter- Rationale and
importance of aggregative analysis- Micro foundations of
macroeconomics- Macroeconomic policy.
Definitions and concepts of national income- importance of national
income analysis Measurement of national income- Keynesian approach to
national income and post Keynesian development- Circular flow- Flow of
funds-. Different forms of national accounting- Social accounting-
Growth and sectoral breakdown- Problems in preparation of social
accounting - Use of national income and product accounting.
25
2.
Money: Monetary Theories.
Nature and significance of Money: a veil, a form of wealth, a liquid
asset-Money andother assets- The significance of money as an asset-
Money and monetary economy.
The Quantity theory of Money: The Cambridge School- Keynesian
General theory- PostKeynesian theories: Friedman & Don Patinkin- New
Classical School: Rationalexpectation - J.R. Hicks on Classical and
Keynes- Leijon Hufwood on Keynesianeconomics and economics of
Keynes- Recent developments- Neutrality of money-Classical, Keynesian
and post Keynesian views- Conditions of neutrality- Theory ofmoney and
prices- Income theory of money and Liquidity theory of money- Savings
andInvestment (S & I) equality: meaning, Classical, Keynesian approach
to S&I equality-Transmission mechanism- Integration of money and
value theories- Patinkin's realbalance effect- Pigou's wealth effect.
25
3.
Theory of Investment
Meaning and determinants of investment- Marginal efficiency of capital
(MEC) and investment: Long and short run shifts in investment functions-
Interest-elasticity of investment- impact of inflation- Influence of policy
measures on investment- Multiplier and acceleration: empirical evidence-
Capital-output ratio approach.
20
4.
Demand for Money
The concept- The Transaction demand- The Asset demand for money:
Keynesian and Classical approaches- Wealth approach- Post-Keynesian
theories of demand for money: Friedman's Restatement of Quantity
theory, Modigliani's approach- Recent development in the theory.
15
5.
Supply of Money
The concept and constituents- Bank money and bank multiplier- Money
multiplier Exogenous and endogenous variations- Liquid assets and
potential money supply- Interest rates- Financial intermediaries and
money supply- Money supply and income expansion RBI approach-
Effects of money supply- High powered money- Inside and outside
money- Control of money supply- Money market and money market
assets / instruments- Recent developments.
15
Page 4
References
1. Ackley, G (1978). Macroeconomics: Theory and Policy, MacMillan, New York
2. Dornbusch, R. and F. Stanley (1997). Macroeconomics, McGraw-Hill Inc, New York.
3. Frisch, H. (1983). Theories of Inflation, Cambridge University Press,
4. Ghosh, B.N., and Rama Ghosh (1993). Modern Macroeconomics: Theory and
Policy, Himalaya Publishing.
5. Gupta, S.B: (1995). Monetary Planning in India, Oxford University Press, New Delhi.
6. Gupta, G.S. (2001). Macroeconomics: Theory and Applications, Tata McGraw-Hill
publishing Company Ltd., New Delhi.
7. Gurley J. and E.S. Shaw (1960). Money in a Theory and Finance, Brookings
Institution, Washington.
8. Hall, R.E. and J.B. Taylor (1986). Macroeconomics, McGraw-Hill Inc. New York.
9. Jha, R. (1991). Contemporary Macroeconomic Theory and Policy, Wiley Eastern Ltd.
New Delhi.
10. Laidler, D.E.W. (l977).Demand for Money, Theory and Evidence, Dum-Don Valley,
New York.
11. Leijonhufwud, A. (1968). On Keynesian Economics and Economics of Keynes, Oxford
University Press, London.
12. Mankiw, N.G. and D. Romer (Eds.) (1991). New Keynesian Economics, 2 Vols. MlT
Press, Cambridge, Massachuttes, USA.
13. Mueller, M.G. (1966). Reading in Macroeconomics, Holt Rinehart & Winston, N.Y.
14. Patinkin, D. (1965). Money, Interest and Prices, Harper & Row, New York.
15. Lucas, R. (1981). Studies in Business Cycle Theory, MIT Press, Cambridge,
Massachuttes, USA. '
16. Taylor, L. (1983). Structuralist Macroeconomics, Basic Books, New Longman.
Paper Code: PA01CECO03 Total Credit: 4
Title of Paper: Theories of International Trade
Uni
t
Description in Detail Weightage
(%)
1. Concept of Inter -regional and International Trade - Theory of
Comparative Cost - Heckscher -Ohlin Theory of trade - Leontief
Paradox- opportunity cost approach.
30
2. Factor Endowment and Factor Price – the Rybczynski Theorem-
trade as an engine of growth- effect of development on
international trade
30
3. Gains from international trade- Concept of Terms of trade- Their
uses and limitations- factors affecting terms of trade 20
4. Optimum tariffs - theory of custom union-trade creation and
trade diversion and welfare implications-Trade Organisations-
GATT, WTO.
20
References:
1. Bo Sodersten International Economics
2. C. P. Kindle Berger International Economics
Page 5
3. R. A. Mundell International Economics
4. P. T. Ellsworth The International Economy
5. Caves & Johnson Readings in International Economics
6. S. D. Wells International Economics
7. Ray & Kundu International Economics
8. Klaus Friedrich International Economics
9. M. A. Van Meerhaeghe International Economics
10. W. M. Scammell International Monetary Policy Bretton Woods &
After
11. R. M. Stern The Balance of Payments theory and Economic
Policy
12. G. Haberler The Theory of International Trade
13. M. C. Kemp The Pure theory of International Trade
14. H. S. Ellis & L. M. Metzler Readings in the theory of International Trade
15. B. Ohlim Interregional and International Trade
16. J. Viner Readings in the Theory of International Trade
17. P. A. Samuelson International Trade and the Equalisation of
factors prices. Economic Journal, June 1948.
18. J. Bhagwati The Pure theory of International Trade, Economic
Journal Vol. 74 March, 1964.
19. J.E. Meade The theory of International Economic Policy - II.
20. R.D. Gupta International Liquidity
21. Om Prakash (ed) International Monetary Development
22. Dr. D. T. Lakdawala Aantarrashtriya Arthashastra ( Gujarati)
Elective Course 1
(Any One)
Paper Code: PA01EECO01 Total
Credit: 4 Title of Paper: Theory of Agricultural Economics
Unit Description in Detail Weightage
(%)
1.
Nature and scope of agricultural economics - characteristics of agriculture
- economic distinction between agriculture and other production activities
- problems of definition of agricultural sector.
30
2.
Role of agriculture in economic development - interdependence between
agriculture and industries - agricultural productivity gap among the
countries - factors affecting productivity difference among countries -
prospects for agricultural development in the under developed countries -
agricultural development policy.
30
3. Demand for farm products - factors affecting demand for food-inter-
relationship among them –Engel‟s law of demand 20
4. Market supply and market structure-market supply in different
periods-backward bending supply curve - demand for and supply of
market services -integration of market and market structure -
efficiency of markets.
20
Select References :
Page 6
1. John W. Mellor - Economics of Agricultural Development
2. T. W. Schultz - Transforming Traditional Agriculture
3. V. W. Ruttan - Agricultural Development And
and Yujiro Hayami International Perspective
4. E. D. Heady - The Economics of Agricultural
Production and Resource use
5. C. E. Bishop and W. D. Toussaint - Tonaint-Introduction to Agricultural
Economic Analysis
Paper Code: PA01EECO02 Total Credit: 4
Title of Paper: Industrial Organization & Finance
Unit Description in Detail Weightage
(%)
1. Importance of Industrial development in developing
economy.
Structure and Growth of Industries in India.
20
2. Five Year Plans and Industrial development in India.
Industries and Environment
20
3. Regulative role of the State - New Industrial Policy,
Industrial licensing, Tariff Policy.
State as an Entrepreneur - Public Undertakings; Problems
of Public Undertakings.
20
4. Factors governing Optimum size of Industries including
role of the State.
20
5. Small scale Industries- Evaluation- Importance – Growth –
Problems- Measures.
20
References
1. J. Bhagwati India: Planning for Industrialization: Industrialization &
Trade Policies since 1951.
2. George Rosen Industrial change in India
3. Vadilal Dagli A profiles of Indian Industry
4. Pheroze B. Medhora Industrial Growth since 1950 : An Assessment.
5. P. S. Lokanathan Industrial Organisation in India
6. M. M. Meheta Structure of Indian Industries
7. A. B. Mountjoy Industrialization & U. D. countries
8. E. A. G. Robjnson The Structure of Competitive Industry
9. C. A. Myers Industrial Relations in India
10. C. N. Vakil (Ed.) Industrial Development in India
11. L. A. Joshi The Control of Industry in India
12. S. C. Kuchhal The Industrial Economy of India
Page 7
Paper Code: PA01EECO03 Total Credit: 4
Title of Paper: Theory of Environmental Economics
Unit
Description in Detail Weightage
(%)
1.
Introduction, Fundamental Concepts and Rationale of Environmental
Economics
Concept of Environment, Ecological system, two-way environment-
economy linkages, types of goods, private, public, mixed, merit,
common property resources. Pareto optimality, Fundamental theorems
of Welfare economics, externalities, market inefficiency
20
2. Externalities in missing markets- property rights and externalities,
transaction costs, market failure and policy failure in degradation of
environment, concepts, definitions, and dimensions of sustainable
development- Trade-off between environment and development.
20
3.
Measurement of Environmental Values
Use values; option values and non-use values- Valuation methods:
Methods based on observed market behaviour: Hedonic property values,
and Household production methods (Travel cost method (TCM) and
Household health production function), Methods based on response to
hypothetical markets- Contingent valuation method (CVM),
25
4.
Accounting and the Environment
Environmental impact assessment (EIA), Integrated environmental and
economic accounting and measurement of environmentally corrected
GDP- Macroeconomic policies and environment.
20
5. Environmental Policy :Need, objectives, nature, instruments and
limitations
15
Basic Reading List
1. Baumol, W.J. and W.E. Oates (1988). The Theory of Environmental Policy, Cambridge
University Press.
2. Bromley, Daniel W. (Ed.) (1995). Handbook of Environmental Economics, Blackwell
Publishers.
3. Callan, S.J. and J.M. Thomas (2000). Environmental Economics and Management:
Theory, Policy and Applications.
4. Dixon, J.A. et al. (1994). Economic Analysis of Environmental Impacts. Earthscan
Publications Ltd., London.
5. Hanley, N. et al. (2001). Introduction to Environmental Economics, Oxford University
Press, New York.
6. Kerr, John M. et al (1997). Natural Resource Economics: Theory and Applications in
India, Oxford & IBH Publishing Co. Pvt. Ltd., New Delhi.
7. Lesser, J.A. et al. (1997). Environmental Economics and Policy, Addison-Wesley.
8. Markandya, Anil and J. Richardson (Eds.), The Earthscan Reader in Environmental
Economics, Earthscan Publications Ltd., London.
9. Pearce, D.W. and R. Kerry Turner (1993). Economics of Natural Resources and the
Environment, The Johns Hopkins University Press, Baltimore, USA.
10. Singh, Katar (1994). Managing Common Pool Resources: Principles and Case Studies,
Oxford University Press.
11. Tietenberg, Tom (2001). Environmental Economics and Policy, Addison-Wesley.
Page 8
12. Bhattacharya, R.N. (Ed.) (2001). Environmental Economics: An Indian Perspective,
Oxford University Press.
13. Brandon, C., K. Hommann and N.M. Kishor (1995). The Cost of Inaction: Valuing the
Economy-wide Costs of Environmental Degradation in India. Paper presented at the UNU
Conference on the `Sustainable Future of the Global System‟, organised by the United
Nations University/Institute of Advanced Studies, National Institute for Environmental
Studies, Tokyo, Japan, Oct. 16-18.
14. Field, Barry C. and Martha Field (2002). Environmental Economics: An Introduction (3rd
ed.). McGraw-Hill Irwin.
15. Khakhhar, K.K., “ Paryavaraniya Arthashastrana Payana Siddhanto”, (2004), Adarsh
Printing Press, Rajkot.
Elective Course 2
(Any One)
Paper Code: PA01EECO04 Total Credit: 4
Title of Paper: Central Banking
Unit Description in Detail Weightage
(%)
1. Evolution of Central Banking
Definitions, Characteristics of Central Banks, Development of Bank of England
and other central banks, present position of central banks.
10
2. Central Bank as a Note Issue Authority
Evolution of Note Issue function, concentration of note issue in central banks,
regulation of noteissues- principles and methods of note issue, state notes versus
bank notes
Central bank as a banker, agent and adviser to the government
25
3. Central bank as a bankers‟ bank
(a) The custodian of the cash reserves of the commercial banks
- Evolution of reserve function, significance of centralized cash reserves,
statutory minimum cash reserves in some countries.
(b) The bank of rediscount and lender of the last resort
- Introduction, origin, scope and significance of rediscount, function of lender of
last resort
(c) The bank of central clearance, settlement and transfer
- Introduction, meaning and significance of central clearance, settlement and
transfer, clearance function in England, U.S., India and others.
25
4. Methods of Credit Control-1
(a) Objectives of credit control, Techniques of credit control – Quantitative
Credit controls.
(b) Bank rate technique – Meaning, evolution and mechanism of the technique,
short term versus long term rates, decline and revival of the technique,
limitations, Dear and Cheap money policy, its assumptions and relevance
20
5. Methods of Credit Control-2
(a) Open market operations – Meaning, evolution and mechanism of the
technique, bank rate versus open market operations, limitations.
(b) Variable reserve requirements –Objectives and mechanism of the technique,
open market operations versus variable reserve requirements, limitations.
Secondary reserve requirements.
20
Page 9
References
(1) Avadhni V.A., Theory and Practice of Central Banking in India, Somaiya Publications, Bombay.
(2) Bhattacharya B.B., Financial Reforms and Financial Development in India, Institute of
Management Technology, New Delhi
(3) Bhole L.M., Impacts of Monetary Policy, Himalaya Publishing House, Bombay
(4) Chunkapura P.M., Monetary Policy, Reliance Publishing House, Delhi
(5) De kock M.H. Central Banking, Universal Book stall, New Delhi
(6) Desai Vasant, Money and Central Banking, Himalaya House, Bombay
(7) Ghia and others, Organised Markets, Vora and co. ltd., Bombay.
(8) Ghosh B.N. and Ghosh Rama, Fundamentals of Monetary Economics, Himalaya
Publishing House, Bombay
(9) Gupta S.B., Monetary Economics, Institutions, Theory and Policy, S.Chand and Com.
Ltd., New Delhi.
(10) Hajela P.D., Problems of Monetary Policy in Underdeveloped Countries – with special
reference to India, Lalvani Pub. House, Bombay.
(11) Narain Brij, Money and Banking, S,Chand and co., Delhi
(12) Shekhar K.C., Banking Theory and Practice, Vikas Pub. House Pvt. Ltd.
(13) Simha S.L.N., Modern Banking, Monetary Policy and Finance, Deep and Deep
Publications, New Delhi
(14) Sundharam K.P.M., Money, Banking, Trade and Finance, Sultan chand, and sons, New
Delhi (15) Reddy Y.V., Monetary and Financial Sector Reforms in India – A Central
Banker‟s
Perspective, UBS Publishers, New Delhi
(16) RBI, Occasional Papers, (1) Vol. 12, No. 3-4, September- Dec. 1991 (2)Vol. 18, Nos.
2&3, June-September, 1997.
(17) RBI, C.D.Deshmukh Memorial Lecture Series, Centenary commemorative Volume
(18) Sen S.N., Central Banking in Underdeveloped Money Markets, Book land private ltd.,
Calcutta
(19) Kendriya Banking, (Gujarati) Translation of Central Banking ( De kock M.H.)
Translator
Dr. J.H.Adhvaryu
Paper Code: PA01EECO05 Total Credit: 4
Title of Paper: Economics of Rural Development
Unit Description in Detail Weightage
(%)
1. Rural Development: - Nature and scope – Importance and objectives of
Rural Development, Role of NGO.- Rural Economy of India: size and
structure of Rural Economy - The characteristics of the Rural Sector -
Role of Agricultural and Allied Sector- Role of the Non-Agricultural
sub-sector – Nature of changes since Independence - Challenges and
opportunities.
25
Page 10
2. Measures of Development: Measures of the level of Rural
Development - Measures of Distribution of Income - Measures of
Development simplified -Some Measures of Rural Poverty.
15
3. Some Paradigms of Rural Development: Introduction - The
Modernization Theory - Rosenstein - Rodan's Theory of the 'Big Push'
- Leibenstein's critical minimum Effort Thesis - Lewis Model of
Economic Development with unlimited supply of Labor force -
Gunnar Myrdal‟s Thesis of Spread and Back ward Effects - The
Human Capital model of Development -Gandhian Model of Rural
Development - Development theories from other social sciences.
20
4. Determinants of Rural Development: Change in Output - Changes in
the Utilization of Natural Resources – Employment, Capital,
Technology and Industrial framework
15
5. Approaches to Rural Development: C.D. Program - Intensive
Agricultural Districts Program - S.F.D.A. and MF.A.L.A.- D.P.A.P. -
D.D.P. - I.R.D.P., D.W.C.R.A. - S.G.S.Y., Self help groups in Rural
Development, other programmes for Rural Development.
25
References
1 Katar Singh (1999), "Rural Development - principles policies and Management" Sage
Publications, New Delhi.
2. I. Satyasundaram (1999) “Rural Development" Himalaya Publishing House, New Delhi.
3 Bhalla. G. S. (1994) "Economic Liberalization and Indian Agriculture" (Ed) Institute for
Studies in Industrial Development, New Delhi.
4. John Mellor and Gunvant Desai (1986) “Agricultural Change and Rural Poverty”,
Oxford University Press, Bombay.
5. NABARD (1999) “Review of working of Regional Rural Banks”, Mumbai.
6. Ministry of Rural area and Employment “Programs for Change” GoI, New Delhi.
7. Plan Documents, GoI, New Delhi.
Paper Code: PA01EECO06 Total Credit: 4
Title of Paper: Theory And Practice of Co-operation
Unit Description in Detail Weightage
(%)
1. Growth of co-operative Movement:
Origin- Meaning – Scope – Co-operation values – Co-operative movement in
developed and developing countries.
20
2. Principles of Co-operation:
Characteristics – Major principles of Co-operation organization Revised
principles of co-operation conditions for the success of co-operative movement.
15
3. Role of co-operatives in Rural Development:
Role of co-operative movement in Agricultural and Industrial development. 15
Page 11
4. Co-operatives and Different Economic Organizations:
Capitalism – Socialism – Communism –Mixed economy and Co-operative
movement- Co-operative as a Balancing Factors between private and public
sectors.
20
5. Types of Co-operatives:
State Co-operatives– District central Co-operatives- Primary Co-operatives–
Agricultural and Non agricultural Co-operatives– Industrial Co-operatives–
Consumers Co-operatives– Producers Co-operatives- Financial or credit.
15
6. Co-operative structure:
Three tier structure – Primary level, District level, State level Federations-
National Co-operative Federations.
15
References:
1 Ahmed Rais, Co-operative and Integrated Rural Development, Mittal Publication, New
Delhi.
2 Anand, Jaya S., Co-operatives and Agricultural & Rural Development Bank, Atlantic
Publishers and Distributors, New Delhi.
3 Bedi R.D., Theory, History and Practice of Co-operation, R. Lal and Co., Government
College, Meerut.
4 Chambey B.N., Principles and Practice of Co-operative Banking in India.
5 Dwivedi R.C., Glimpses of Co-operatives Through Press, Vol. 1-8, The Co-operative
Times, New Delhi.
6 Hajela T.N., Principles, Problems and Practice of Co-operation, Shivlal Agrawal & Co.,
New Delhi.
7 Jain L.C. and Karen Coelho, In the Wake of Freedom, Concept Publishing Co., New
Delhi.
8 Mathur B.S., Co-opeartive marketing in India, Sahitya Bhavan, Agra.
9 Nagi B.S., Co-operative Credit and Regional Development, Deep and Deep Publication,
New Delhi.
10 Puri S.S., Ends and Means of Co-operative Development, NCUI, New Delhi.
11 Reddy & Reddy, Co-operative and Rural Development, Anmol Publication Pvt. Ltd.,
New Delhi.
12 Tannan M.L., Banking Law and Practice in India.
Wolf H., Co-operative Banking.
Paper Code: PA01EECO07 Total Credit: 4
Title of Paper: Research Methodology and Computer Application in Economics
Total 4 credits: 2 credits for classroom teaching and 2 credits for Laboratory / Practical
Unit Description in Detail Weightage
(%)
1. Meaning and significance of Research- Definition, Characteristics, Classification;
Social Research- Types, Motivations, Factors, Basic Assumptions; Importance of
Social Research, Problems encountered by Researcher- Emerging Areas
25
Page 12
2. Phases of Social Research: Selection of a Research Problem, Precautions to be
undertaken, Formulation of a Research Problem: Statement of a Research Problem,
Objectives, Hypothesis, Definitions and Indicators, Review of Literature- Current
Trends
25
3. Basics of Computer Hardware and Software
Hardwares:- Peripherals: Printers, Scanners, Cameras etc.
Softwares:- (i) System Software- OS
(ii) Application Softwares
15
4. Introduction to Analytical Tools- Spreadsheet, Significance of these tools,
working with toolsDatabase Management System (DBMS): Introduction, Features
and Applications; Database and its objects- Introduction to Table, Forms, Report
and Query, Creation, Modification, deletion of tables, Insertion, Modification,
Finding, Sorting, Grouping, Viewing and Sharing Data, Working with External
Data, Linking the Tables
35
References:
1) Kothari C.R. (2009), “Research Methodology- Methods and Techniques”, New
Age International Publishers, New Delhi
2) Joshi K. (1984), “ Econometrics”, Viral Prakashan, Ahmedabad
3) Raiyani J. R. (2012), “Research Methodology- Theory and Techniques”, New
Century Publications, New Delhi
4) Verma R. K. & Verma G. (1989), “Research Methodology”, Commonwealth
Publishers, New Delhi
5) Gupta V. (2007), “ Comdex Computer Course Kit” Comdex
6) Rajaraman (2003), “Fundamentals of Computers”, PHI Publication, New Delhi
Course for Self Study & Soft skills
Paper Code: PA01SECO04 Total Credit: 4
Title of Paper: Theory And Practice of Co-Operation
Unit Description in Detail Weightage
(%)
1.
Growth of co-operative Movement in India and Abroad
Origin- Meaning – Characteristics – Major Principles - Cooperative
movement in developed and developing countries.
20
2.
Co-operative structure
Three tier structure – Primary level, District level, State level
Federations- National Co-operative Federations.
Management Structure of Co-operatives
Elected management – Paid management members- General meetings-
Their Rights- Responsibilities- Managing Committee- It‟s functions-
Chairman- Secretary/manager Role and responsibilities- Functions-
Meetings- Different types- Agenda notice- Quorum- minutes-
Resolutions- election- Audit of accounts.- Duties of Registrar –
Cooperative Audit
40
Page 13
3.
Types of Co-operatives
State Co-operatives– District (central) Co-operatives - Primary Co-
operatives Agricultural and Non Agricultural Co-operatives – Credit
Cooperatives: Long, Medium and Short term credit Cooperatives- Non
Credit Cooperatives: Fisheries, Consumer Coops.
20
4.
Role of co-operatives in Rural Development
Role of co-operative movement in Agricultural and Industrial
development- Weaver‟s Coops, Sugar coops, Fertilizer Coops., Dairy
Cooperatives etc.
20
References:
13 Ahmed Rais, Co-operative and Integrated Rural Development, Mittal Publication, New
Delhi.
14 Anand, Jaya S., Co-operatives and Agricultural & Rural Development Bank, Atlantic
Publishers and Distributors, New Delhi.
15 Bedi R.D., Theory, History and Practice of Co-operation, R. Lal and Co., Government
College, Meerut.
16 Chambey B.N., Principles and Practice of Co-operative Banking in India.
17 Dwivedi R.C., Glimpses of Co-operatives Through Press, Vol. 1-8, The Co-operative
Times, New Delhi.
18 Hajela T.N., Principles, Problems and Practice of Co-operation, Shivlal Agrawal & Co.,
New Delhi.
19 Jain L.C. and Karen Coelho, In the Wake of Freedom, Concept Publishing Co., New
Delhi.
20 Mathur B.S., Co-opeartive marketing in India, Sahitya Bhavan, Agra.
21 Nagi B.S., Co-operative Credit and Regional Development, Deep and Deep Publication,
New Delhi.
22 Puri S.S., Ends and Means of Co-operative Development, NCUI, New Delhi.
23 Reddy & Reddy, Co-operative and Rural Development, Anmol Publication Pvt. Ltd.,
New Delhi.
24 Tannan M.L., Banking Law and Practice in India.
25 Wolf H., Co-operative Banking.
Note: The teaching & learning Structure for the course of Self Study and Soft skills is
as follows:
(a) Classroom Teaching / Practical -2 credits
(b) Self Study - 2 credits
Page 14
Semester –II Course Type Course No. Name of the Course Credits External Internal Total
3 Core Courses PA02CECO01 Micro Economics 04 70 /28 30 100/40
PA02CECO02 Macro Economics 04 70 /28 30 100/40
PA02CECO03 Issues of International
Trade
04 70 /28 30 100/40
Elective Course 1
(Any One)
PA02EECO01 Theory of Agricultural
Economics
04 70 /28 30 100/40
PA02EECO02 Industrial Organisation
and Finance
04 70 /28 30 100/40
PA02EECO03 Theory of
Environmental
Economics
04 70 /28 30 100/40
Elective
Course 2
(Any One)
PA02EECO04 Central Banking 04 70 /28 30 100/40
PA02EECO05 Economics of Rural
Development
04 70 /28 30 100/40
PA02EECO06 Theory and Practice of
Co-operation
04 70 /28 30 100/40
PA02EECO07 Research Methodology
and Computer
Application in
Economics
04 70 /28 30 100/40
Self Study & Soft
Skills Course
PA02SECO04 Employment
Generation
Programmes in India
04 70 /28 30 100/40
Comprehensive
Viva
PA02CECO04 All Courses 01 35 / 14 15 50/20
Total 25
Page 15
Semester –II Core Courses
Paper Code: PA02CECO01 Total Credit: 4
Title of Paper: Micro Economics
Unit Description in Detail Weightage
(%)
1.
Cost and Revenue Analysis
Cost concepts; short-run and long run cost - Distinction and relations
between different cost curves and their analysis; U and L shapes of
average cost curves; Revenue analysis-Concepts of revenues, Relation
between AR & MR Curves, equilibrium analysis – Total cost and total
revenue approach, marginal cost and marginal revenue approach, Recent
Development
26
2.
Market Equilibrium- (Short run and Long run)
Perfect competition, Monopoly, Monopolistic competition, Oligopoly,
Duopoly
26
3.
Distribution Theory (Theory of factor pricing)
Theory of distribution: A general view; marginal productivity theory;
Euler‟s theorem; Theories of rent, wages, profit, Recent development.
22
4.
Welfare economics
Welfare and welfare economics- Paretian welfare economics; Kaldor-
Hicks compensation principle; Scitovsky Paradox, Bergson-samuelson
social welfare function, Arrow‟s theorem, The theory of second best,
Recent Development
26
References
(1) Ahuja H.L., Advanced economic theory – Microeconomic Analysis, S.Chand and
company, New Delhi.
(2) Chopra P.N., Micro economic theory and welfare economics, Kalyani Publishers, New
Delhi.
(3) Deweet K.K., Modern economic theory, S.Chand and Company, New Delhi.
(4) Hirshleifr J. and Glazer A., Price theory and applications, Prentice Hall, New Delhi.
(5) Jhingan M.L.; Advanced Economic Theory, Vrinda Publications, Delhi
(6) Koutsoyiannis A., Modern Microeconomics, Macmillan press, London.
(7) Mishra and Puri; Microeconomics Theory and Applications, Himalaya Publishing
House.
(8) Prasad K.N., Lectures on micro-economic theory, Himalaya publishing house.
(9) Sen Anindya., Microeconomics-Theory and applications, Oxford University press, New
Delhi.
(10) Seth M.L., Principles of Economics (Micro and Macroeconomics) Lakshmi Narain
Agrawas, Agra.
(11) Stigler., Theory of price,Prentice hall, New Delhi.
(12) Stonier A and Hague D., A Textbook of Economic theory, Longman group, London.
(13) Sundharam K.P.M. and Sundharam E.N., Economic Analysis, S. Chand and sons, New
Delhi.
Page 16
(14) Samuelson, Economics, Tata Mcgraw Hill, New Delhi
Paper Code: PA02CECO02 Total Credit: 4
Title of Paper: Macro Economics
Unit Description in Detail Weightage
(%)
1.
Monetary Equilibrium
Concept - Walras' theory of general equilibrium- Patinkin's reformulation of
theory Classical dichotomy.
15
2.
Consumption Function
Concept: Properties of consumption function- Keynesian Psychological Law of
Consumption and it's validity- The functional relationship between income and
consumption- Short and long run aspects- Post-Keynesian consumption function
hypotheses: Duesenberry's demonstration effect Friedman's permanent income
hypothesis, Modigliani's life cycle theory- multiplier: Meaning, working and
importance- Leakages- Balanced budget multiplier-Multiplier in the under
developed countries.
25
3.
Theory of Interest
Interest rates and price expectations- Nominal and real interest rates- Inflationary
expectations and Interest rates- Theories of Interest rates: Classical, Neo-
Classical, Keynesian and modem IS-LM theory of rate of interest by Hicks and
Hansen and its implications- Structure of rate of interest- Asset prices and interest
rates- Term structure- Income, saving and investment and rate of interest- Policy
of administered interest rates- Deregulation of interest rates.
25
4.
Theory of Inflation
Concept- Sources of inflationary pressure: Demand-pull, Cost-push factors,
Sectoral demand shift- International aspect of inflation- Ratchet inflation-
Inflation in less developed countries- Inflationary gap- Inflation and distribution
of income-Stagflation- Control of inflation: Income policy, demand restriction,
monetary policy, fiscal policy- Philips curve analysis: Relationship between
unemployment and inflation- Samuleson and Solow: The natural rate of-
Unemployment hypothesis, Tobin's modified Philips curve.
20
5.
Monetary Policy
The theory of monetary policy: Meaning, instruments, indicators and targets of
monetary policy- External versus internal stability- Neutral money policy-
Monetary policy and full employment- Cheap money policy- International
banking and monetary policy- Constant money supply approach- Long-term
objectives of monetary policy- Limitations of monetary policy- Rules versus
discretion (Friedman's views)- Money and business cycles- Role of monetary
policy in liberalization and market economy- Monetary policy of the Reserve
Bank of India (RBI).
15
References:
1. Ackley, G (1978). Macroeconomics: Theory and Policy, MacMillan, New York
2. Dornbusch, R. and F. Stanley (1997). Macroeconomics, McGraw-Hill Inc, NewYork.
3. Frisch, H. (1983). Theories of Inflation, Cambridge University Press,
4. Ghosh, B.N., and Rama Ghosh (1993). Modern Macroeconomics: Theory and Policy,
Himalaya Publishing.
5. Gupta, S.B: (1995). Monetary Planning in India, Oxford University Press, New Delhi.
6. Gupta, G.S. (2001). Macroeconomics: Theory and Applications, Tata McGraw-Hill
Page 17
publishing Company Ltd., New Delhi.
7. Gurley J. and E.S. Shaw (1960). Money in a Theory and Finance, Brookings Institution,
Washington.
8. Hall, R.E. and J.B. Taylor (1986). Macroeconomics, McGraw-Hill Inc. New York.
9. Jha, R. (1991). Contemporary Macroeconomic Theory and Policy, Wiley Eastern Ltd.
New Delhi.
10. Laidler, D.E.W. (l977).Demand for Money, Theory and Evidence, Dum-Don Valley,
New York.
11. Leijonhufwud, A. (1968). On Keynesian Economics and Economics of Keynes, Oxford
University Press, London.
12. Mankiw, N.G. and D. Romer (Eds.) (1991). New Keynesian Economics, 2 Vols. MlT
Press, Cambridge, Massachuttes, USA.
13. Mueller, M.G. (1966). Reading in Macroeconomics, Holt Rinehart & Winston, N.Y.
14. Patinkin, D. (1965). Money, Interest and Prices, Harper & Row, New York.
15. Lucas, R. (1981). Studies in Business Cycle Theory, MIT Press, Cambridge,
Massachuttes, USA. '
16. Taylor, L. (1983). Structuralist Macroeconomics, Basic Books, New Longman.
Paper Code: PA02CECO03 Total Credit: 4
Title of Paper: Issues of International Trade
Unit Description in Detail Weightage
(%)
1.
Meaning and concepts of balance of trade and balance of payments-
Equilibrium and disequilibrium in balance of payments
25
2.
Foreign trade multiplier - Exchange Rate Determination – Concepts
of Equilibrium Exchange Rate- Multiple Exchange Rate- Fixed and
Flexible Exchange Rate
25
3.
International capital movements: Factors influencing international
capital movements-portfolio and direct investment-the transfer
problem-the theory of direct investment
25
4.
International monetary fund objectives of IMF -IMF and
international liquidity-special drawing rights-recent developments in
international monetary system-the new international economic order
25
References:
1. Bo Sodersten International Economics
2. C. P. Kindleberger International Economics
3. R. A. Mundell International Economics
4. P. T. Ellsworth The International Economy
5. Caves & Johnson Readings in International Economics
6. S. D. Wells International Economics
7. Ray & Kundu International Economics
8. Klaus Friedrich International Economics
9. M. A. Van Meerhaeghe International Economics
10. W. M. Scammell International Monetary Policy Bretton Woods & After
11. R. M. Stern The Balance of Payments theory and Economic Policy
Page 18
12. G. Haberler The Theory of International Trade
13. M. C. Kemp The Pure theory of International Trade
14. H. S. Ellis & L. M. Metzler Readings in the theory of International Trade
15. B. Ohlim Interregional and International Trade
16. J. Viner Readings in the Theory of International Trade
17 P. A. Samuelson International Trade and the Equalisation of
factors prices. Economic Journal, June 1948.
18. J. Bhagwati The Pure theory of International Trade, Economic
Journal Vol. 74 March, 1964.
19. J.E. Meade The theory of International Economic Policy- II.
20. R.D. Gupta International Liquidity
21. Om Prakash (ed) International Monetary Development
Elective course 1
(Any One)
Paper Code: PA02EECO01 Total Credit: 4
Title of Paper: Theory of Agricultural Economics
Unit Description in Detail Weightage
(%)
1.
Production functions - measurement of marginal products, marginal costs,
share of factors -Returns to scale, empirical studies on returns to scale in
India - Transformation curves.
25
2.
Principles of farm management - tools of budgeting and cost accounting -
analysis of farm management studies - concepts of costs used in farm
management studies-Risk and uncertainty - product combination - factor
combination and selection of techniques under uncertainty.
25
3.
Price behaviour - intra-and inter-seasonal and inter-year price behaviour -
terms of trade -definition, measurement - secular trends - price instability
analysis integrated price system -buffer stocks - their role and impact on
prices and incomes - their size - role of state agency in marketing of
products and inputs.
30
4.
Factor markets - organisation of land market - determination of land
values and rent - labour market - wages and employment - role of factor
market organisation in agricultural development and poverty within
agriculture.
20
References :
1. E. O. Heady: „The Economics of Agricultural Production and Resource use‟.
2. C. E. Bishop &: „Introduction to Agricultural Economic Analysis‟.
W.D. Tonssaint
3. E. O. Heady & H. R Jensen: „Farm Management Economics.‟
4. M. L. Dantwala : Principles and Problems: Agricultural Price Distribution Technical
Address, Annual Conference, December, 1965 – Society of Agricultural Research.
5. The Seminar on Foodgrains Bufferstocks: Indian Society of Agricultural Economics,
Page 19
Bombay.
6. G. S. Shepherd: „Agricultural Price Analysis‟.
Paper Code: PA02EECO02 Total Credit: 4
Title of Paper: Industrial Organisation & Finance
Unit Description in Detail Weightage
(%)
1.
Location - Industrial location- Factors affecting location of
Industries- Weber‟s Theory of Industrial Location, Sargent Florence
Theory of Industrial Location; regional development of Industries;
new approach to regional development.
25
2.
Industrial Finance in India; Capital market; Financial Institutions and
industrial finance in India – Importance, Schemes; Foreign capital
and collaborations.
35
3.
Industrialisation of Indian economy: Merits and demerits of
industrialisation
15
4.
Rationalization and Productivity - Rationalisation; Industrialization
in India: Industrial productivity.
25
References
1. N. J. Shah History of Indian Tariffs
2. S. L. N. Simha The Capital Market of India
3. A. Weber Theory of location of' Industries
4. T. Zinkin Foreign Capital in India
5. Y. K. Alagh Regional aspects of Indian Industrialization
6 R. Balakrishna Regional Planning in India
7. M.R. Chaudhari Indian Industrial Development Locations
8. N.Das Banking & Industrial Finance in India
9. P. S. Florence Industry & State
10. P. S. Florence Investment location & size of the Plant
11. O. K. Ghosh The Indian Financial System
12. Planning Commission Five Year Plan Reports
Paper Code: PA02EECO03 Total Credit: 4
Title of Paper: Theory of Environmental Economics
Unit Description in Detail Weightage
(%)
1.
Economic Instruments of Environmental Policy and Informal Environmental
Regulation
Command and Control measures (CAC), regulatory measures and market
based instruments (MBI), Pigouvian taxes and subsidies for mitigating
externalities, marketable pollution permits, carbon credit trading system,
mixed instruments, Coasian bargaining solution and collective action.
Informal environmental regulation and conservation, environmental
30
Page 20
institutions and grass root movements, monitoring and enforcement of
environmental regulations, global environmental externalities and climatic
changes- Trade and environment in WTO regime
2.
Economics of Natural Resource Use
Types of natural resources, theories of optimal use of exhaustible and
renewable natural resources
20
3.
Theories of Common Property Resources (CPR) Management and use
Theories of Common Property Resources Management (CPRM), Olson,
Oakerson, market equilibrium, Buchanan & Tullock, Game Theory
Approach, Elinor Ostrum.
30
4.
Environmental Laws
Environmental laws in India, critical evaluation of environmental regulation
in India, causes for concern, selected case studies
20
Basic Reading List
1 Singh, Katar (1994). Managing Common Pool Resources: Principles and Case
Studies, Oxford University Press.
2 Field, Barry C. and Martha Field (2002). Environmental Economics: An Introduction
(3rd
ed.). McGraw-Hill Irwin.
3 GoI (1999). Economic Survey-1998-99: Promoting Sustainable Development:
Challenges for Environment Policy, New Delhi.
4 Pachauri, R.K. and P.V. Sridhar (Eds.) (1998). Looking Back to Think Ahead, Tata
Energy Research Institute (TERI), New Delhi.
5 Shastri, S.C. (2002). Environmental Law, Eastern Book Co., Lucknow.
6 Tietenberg, Tom (2001). Environmental Economics and Policy, Addison-Wesley.
7 Brandon, C., K. Hommann and N.M. Kishor (1995). The Cost of Inaction: Valuing
the Economy-wide Costs of Environmental Degradation in India. Paper presented at
the UNU Conference on the `Sustainable Future of the Global System‟, organised by
the United Nations University/Institute of Advanced Studies, National Institute for
Environmental Studies, Tokyo, Japan, Oct. 16-18.
8. Khakhhar, K.K., “ Paryavaraniya Arthashastrana Payana Siddhanto”, (2004),
Adarsh Printing Press, Rajkot.
Elective Course 2
(Any One)
Paper Code: PA02EECO04 Total Credit: 4
Title of Paper: Central Banking
Unit Description in Detail Weightage
(%)
1. Methods of Credit Control - Qualitative methods of credit control – objectives,
direct actions, moral suasions, credit rationing, regulation of consumer credit,
variable margin requirements, publicity and others.
10
Page 21
2. Central Banking in India
Evolution of central banking in India, central banking functions of the Reserve
bank of India- Note issue function, banker to the government, bankers‟ bank;
Reserve Bank of India as a controller of credit – Bank rate, Open Market
Operations, Variable reserve ratio, SLR, Repos, etc.
30
3. Reserve bank of India and bill market in India. Bills only doctrine, availability
doctrine.
20
4. Money market
Meaning and significance of money market, constituents of money market,
characteristics of the Indian money market, suggestions to improve Indian money
market.
10
5. Constitution and administration of central banks
Introduction, ownership of capital, distribution of profits, administration of central
banks, The independence of central banks, autonomy of central banks.
20
6. Financial Sector Reforms in India 10
7. Recent Issues
References
(1) Avadhni V.A., Theory and Practice of Central Banking in India, Somaiya Publications,
Bombay.
(2) Bhattacharya B.B., Financial Reforms and Financial Development in India, Institute of
Management Technology, New Delhi
(3) Bhole L.M., Impacts of Monetary Policy, Himalaya Publishing House, Bombay
(4) Chunkapura P.M., Monetary Policy, Reliance Publishing House, Delhi
(5) De kock M.H. Central Banking, Universal Book stall, New Delhi
(6) Desai Vasant, Money and Central Banking, Himalaya House, Bombay
(7) Ghia and others, Organised Markets, Vora and co. ltd., Bombay.
(8) Ghosh B.N. and Ghosh Rama, Fundamentals of Monetary Economics, Himalaya
Publishing House, Bombay
(9) Gupta S.B., Monetary Economics, Institutions, Theory and Policy, S.Chand and Com.
Ltd., New Delhi.
(10) Hajela P.D., Problems of Monetary Policy in Underdeveloped Countries – with special
reference to India, Lalvani Pub. House, Bombay.
(11) Narain Brij, Money and Banking, S,Chand and co., Delhi
(12) Shekhar K.C., Banking Theory and Practice, Vikas Pub. House Pvt. Ltd.
(13) Simha S.L.N., Modern Banking, Monetary Policy and Finance, Deep and Deep
Publications, New Delhi
(14) Sundharam K.P.M., Money, Banking, Trade and Finance, Sultan chand and sons, New
Delhi
(15) Reddy Y.V., Monetary and Financial Sector Reforms in India – A Central Banker‟s
Perspective, UBS Publishers, New Delhi
(16) Reserve Bank of India, Functions and Working
(17) RBI, 50 years of Central Banking
(18) RBI, Occasional Papers, (1) Vol. 12, No. 3-4, September- Dec. 1991 (2)Vol. 18, Nos.
2&3, June-Sept., 1997.
(19) RBI, C.D.Deshmukh Memorial Lecture Series, Centenary commemorative Volume
(20) Sen S.N., Central Banking in Underdeveloped Money Markets, Book land private ltd.,
Calcutta
Page 22
(21) Kendriya Banking, (Gujarati) Translation of Central Banking (De kock M.H.)
Translator Dr. J.H.Adhvaryu
Paper Code: PA02EECO05 Total Credit: 4
Title of Paper: Economics of Rural Development
Unit Description in Detail Weightage
(%)
1. The Green Revolution: New Technology in Agriculture - HYVs and
Improved Seeds - Spreadof New Technology, its adoption, impact -
Determinants of Spread of New Technology
25
2. Rural Industrialization In India: Progress and problems - Rational
Approach - Institutional Support - Future Task
15
3. Financing Rural Development: Need and Measurement - Domestic
Institutional Sources The Role of Non-institutional Agencies - Deficit
financing and controlled Inflation - Foreign Sources of Funds - The role of
foreign Investment - The role of foreign aid
25
4. Working of RRBs and its role in rural development: Introduction - sources
of Funds - Uses of Funds - Results of RRBs - Quality of assets Inspection
of RRBs.
15
5. Implementation, Monitoring and Evaluation: Introduction - Project
implementation - Planning for implementation - Project Control Integration
and coordination - People's participation in Implementation - Project
monitoring - Project Evaluation .
20
References
1 Katar Singh (1999) "Rural Development - principles policies and Management" Sage
Publications, New Delhi.
2. I. Satyasundaram (1999) “ Rural Development" Himalaya Publishing House, New Delhi.
3 Bhalla. G. S. (1994) " Economic Liberalization and Indian Agriculture" (Ed) Institute for
Studies in Industrial Development, New Delhi.
4. John Mellor and Gunvant Desai (1986) “Agricultural Change and Rural Poverty”,
Oxford University Press, Bombay.
5. NABARD “ Review of working of Regional Rural Banks”, Mumbai (1999).
6. Ministry of Rural area and Employment “ Programs for Change” GoI, Delhi.
7. Plan Documents, GoI, New Delhi.
Paper Code: PA02EECO06 Total Credit: 4
Title of Paper: Theory and Practice of Co-Operation
Unit Description in Detail Weightage
(%)
1. Management Structure of Co-operatives
Elected management – Paid management members- General meetings-
Their Rights- Responsibilities- Managing Committee- It‟s functions-
Chairman- Secretary/manager Role and responsibilities- Functions-
Meetings- Different types- Agenda notice- Quorum- minutes-
Resolutions- election- Audit of accounts.
30
Page 23
2. Co-operative Banks:
Primary credit Societies- District/Central Co-operative Banks- People‟s/
Nagarik Co-operative banks- Urban Co-operative Banks- Co-operative
Banks and Reserve Bank of India-Protection of consumer‟s investment-
Problems faced by co-operative banks; recovery, over-due.
30
3. Co-operatives and the State
State aid to co-operatives- State participation in co-operatives- State
control and co-operatives, National Co-operative Policy
20
4. Evaluation and Present Scenario of Co-operative Movement in India
Achievements-Income and employment- Generation- Infrastructural
facilities- Production- marketing- Distribution- Management- Education
and training- House keeping etc.- rural development- Problems of co-
operation.
20
References:
1 Ahmed Rais, Co-operative and Integrated Rural Development, Mittal Publication,
New Delhi.
2 Anand, Jaya S., Co-operatives and Agricultural & Rural Development Bank,
Atlantic Publishers and Distributors, New Delhi.
3 Bedi R.D., Theory, History and Practice of Co-operation, R. Lal and Co.,
Government College, Meerut.
4 Chambey B.N., Principles and Practice of Co-operative Banking in India.
5 Dwivedi R.C., Glimpses of Co-operatives Through Press, Vol. 1-8, The Co-
operative Times, New Delhi.
6 Hajela T.N., Principles, Problems and Practice of Co-operation, Shivlal Agrawal
& Co., New Delhi.
7 Jain L.C. and Karen Coelho, In the Wake of Freedom, Concept Publishing Co.,
New Delhi.
8 Mathur B.S., Co-opeartive marketing in India, Sahitya Bhavan, Agra.
9 Nagi B.S., Co-operative Credit and Regional Development, Deep and Deep
Publication, New Delhi.
10 Puri S.S., Ends and Means of Co-operative Development, NCUI, New Delhi.
11 Reddy & Reddy, Co-operative and Rural Development, Anmol Publication Pvt.
Ltd., New Delhi.
12 Tannan M.L., Banking Law and Practice in India.
13 Wolf H., Co-operative Banking.
Page 24
Paper Code: PA02EECO07 Total Credit:
4 Title of Paper: Research Methodology and Computer Application in Economics
Total 4 credits: 2 credits for classroom teaching and 2 credits for Laboratory / Practical
Unit Description in Detail Weightage
(%)
1. Nature and Sources of Data- Primary and Secondary Data; Census and
Sample Methods, Data for Research: Methods of Primary and Secondary
Data Collection, Precautions to be Taken while Collecting Data,
Limitations- Recent Trends
25
2. Data Processing: Editing, Coding, Classification and Types; Introduction to
Series, Introduction to Basic Statics- Measures of Central Tendency,
Dispersion, Correlation and Regression- Innovative Techniques
25
3. Advance Features of Spreadsheet- Macro and Advance Functions- Basic
Commands, Graphs, Data entry etc. Formation and Presentation of
Document
25
4. Introduction to Internet, WWW (URL, Domain, Website, Webpage etc.),
Utility of Internet in Research- Literature and Data Collection etc. {Gangotri
(INFLIBNET), Shodhganga, OJAS, etc.}
25
References:
1) Kothari C.R. (2009), “Research Methodology- Methods and Techniques”, New Age
International Publishers, New Delhi
2) Joshi K. (1984), “ Econometrics”, Viral Prakashan, Ahmedabad
3) Raiyani J. R. (2012), “Research Methodology- Theory and Techniques”, New Century
Publications, New Delhi
4) Verma R. K. & Verma G. (1989), “Research Methodology”, Commonwealth Publishers,
New Delhi
5) Gupta V. (2007), “ Comdex Computer Course Kit” Comdex
6) Rajaraman (2003), “Fundamentals of Computers”, PHI Publication, New Delhi
7) Gupta S C; Fundamental of Applied Statistics. S. Chand & Sons, New Delhi.
8) Grewal P S; Numerical Methods of Statistical Analysis, S P Pvt. Ltd., New Delhi.
9) Bose D.; An Introduction to Mathematical Economics, H P H. Bombay, Delhi.
10) Gupta C.B.; An Introduction to Statistical Methods, Delhi.
11) Patel R.K. & Patel L.B.; Business Statistic, C. Jamanadas Co. Ahmedabad.
12) Patel Balubhai; Dhandhakiya Ankadashastra, Uni. Granthnirman Board, Ahmedabad.
13) Zala M.L.; Arthshastrama Ganitshastra, Purbiti Prakashan, Vallabh Vidyanagar.
14) Dr. Jaiswal M.C.; Arthvishayak Ankadashastra, Uni. Granthnirman Board, Ahmedabad.
15) Douglas E. Commer (2000), “The Internet”, PHI, Second Ed.
Course for Self Study & Soft Skills
Paper Code: PA02SECO04 Total
Credit: 4 Title of Paper: Employment Generation Programmes in India
Unit Description in Detail Weightage
(%)
1. Importance of Employment – Types of employment - Types and causes of
unemployment – Factors affecting employment in rural and urban areas
25
Page 25
2. Employment Structure in India and Gujarat – Trends of employment in
India and Gujarat, Employment Policy- Concept, importance, agenda and
Employment Policy in India
25
3. Central Government Employment Generation Programmes- Five Year
Plans and Employment Generation- Twelfth Five Year Plan and
Employment Generation
25
4. State Government Employment Generation Programmes- Self Employment
Generation Programmes- Employment Generation activities at the Micro
Level
25
References
1 Katar Singh (1999) "Rural Development-principles policies and Management", Sage
Publications, New Delhi.
2. I. Satyasundaram (1999) “ Rural Development" Himalaya Publishing House, New Delhi.
3 Bhalla. G. S. (1994) " Economic Liberalization and Indian Agriculture" (Ed) Institute for
Studies in Industrial Development, New Delhi.
4. John Mellor and Gunvant Desai (1986) “Agricultural Change and Rural Poverty”,
Oxford University Press, Bombay.
5. NABARD “ Review of working of Regional Rural Banks”, Mumbai (1999).
6. Ministry of Rural area and Employment “Programs for Change” GoI, Delhi.
7. Plan Documents, GoI, New Delhi.
8. KPM Sundharam & Ruddar Datt, “Indian Economy”, S. Chand & Company, New Delhi
9. Francis Cherunilam, “Industrial Economics- Indian Perspective”, Himalaya Publishing
House, New Delhi.
Note: The teaching & learning Structure for the course of Self Study and Soft skills is
as follows:
(a) Classroom Teaching / Practical -2 credits
(b) Self Study - 2 credits
Page 26
Semester –III
Course Type Course No. Name of the Course Credits External Internal Total
3 Core Courses PA03CECO01 Economics of
Development and
Planning
04 70 /28 30 100/40
PA03CECO02 Theory of Public
Economics
04 70 /28 30 100/40
PA03CECO03 Quantitative Economics 04 70 /28 30 100/40
Elective Course
1
(Any One)
PA03EECO01 Problems of Indian
Agriculture
04 70 /28 30 100/40
PA03EECO02 Industrial Labour 04 70 /28 30 100/40
PA03EECO03 Environmental
Problems of India
04 70 /28 30 100/40
Elective
Course 2
(Any One)
PA03EECO04 Theory of Finance 04 70 /28 30 100/40
PA03EECO05 Socio-Economic Survey
Methods
04 70 /28 30 100/40
PA03EECO06 Development of
Cooperative Movement
in India
04 70 /28 30 100/40
PA03EECO07 Research Methodology
and Computer
Application in
Economics
04 70 /28 30 100/40
Self Study &
Soft Skills
Course
PA03SECO03 Economics of Livestock
Farming
04 70 /28 30 100/40
Comprehensive
Viva
PA03CECO04 All Courses 01 35 / 14 15 50/20
Total 25
Page 27
Semester –III
Core Courses
Paper Code: PA03CECO01 Total Credit: 4
Title of Paper: Economics of Development and Planning
Unit Description in Detail Weightage
(%)
1. Economic growth and development- concepts- factors affecting economic
growth- capital, labour, technology etc.
Desirability of economic growth- a critical evaluation of merits and demerits
of economic growth.
Measurement of development- per capita income, human development index,
food security, education, health, etc.
30
2. The classical theory of economic development- contributions by Adam Smith,
Ricardo, Malthus and Mill.
The Marxian theory- The materialistic interpretation of history- theory of
surplus value- the Marxian theory and undeveloped countries.
30
3. The Schumpeterian theory- Schumpeter vision- economics of capitalist
development- appraisal.
10
4. Economic Planning – introduction- types of planning. 15
5. Planning and development in India- the strategy of Indian planning- A critical
appraisal.
15
6. Current thinking on economic development.
Basic reading List:
1. Adelman I (1961), Theories of Economic Growth and Development, Stanford University
Press, Stanford.
2. Higgins B (1959), Economic Development, W.W. Norton, New York.
3. Kindle Berger, C.P. (1977), Economic Development, Mc-Grew Hill, New York.
4. Thriwal A.P. (1999), Growth and Development, Macmillan, U.K.
5. Chakravarti S. (1987), Development Planning: The Indian Experience, Clarendon Press,
Oxford.
6. Chakravarti S.(1982), Alternative Approaches to the theory of Economic Growth,
Oxford University Press, New Delhi.
7. Meier G. M. (1995), Leading Issues in Economic Development, Oxford University
Press, New Delhi.
8. „World Development Report- WDR‟- World Bank
9. „Human Development Report- HDR‟- UNDP
Page 28
Paper Code: PA03CECO02 Total Credit: 4
Title of Paper: Theory of Public Economics
Unit Description in Detail Weightage
(%)
1. Introduction, Failure of the Market Mechanism and Need for Government
Intervention
Role of government in organized society, overview of modern public economics -
government in a mixed economy: public and private sector, government as a tool for
operationalizing the planning process. Market failure-imperfections, decreasing
costs, monopolies, externalities, concepts of free riders, spill-over effect, types of
goods and their characteristics, public, private, mixed, merit, common property
resources
25
2. Allocation of Resources
Private & public mechanism for allocating resources; Problems for allocating
resources, contributions of Musgrave. Efficient provision of private social mixed and
merit , Samuelson‟s “Same Price” rule, impossibility of decentralized provision of
social goods mixed goods, bargaining in small group,, allocation in the budget,
principle of maximum social advantage, Pigovian corrective taxes, Coasian
bargaining -common property resources: demand revealing schemes for public
goods, problems of preference revelation and aggregation of preferences, voting
systems, Arrow Impossibility Theorem, economic theory of democracy, politico-eco-
bureaucracy
25
3. Stabilization and Distribution
Problem of instability in an economy, role of monetary and fiscal policies in bringing
stabilization in the economy, Distribution Policy-Meaning, Does equity belong in
economics, allocation or distribution: Which comes first, approaches to distributive
justice, limits to redistribution, poverty alleviation-role of fiscal and monetary
policies in India in reducing distributional inequalities & regional imbalances.
15
4. Fiscal Policy
Objectives & instruments of fiscal policy, impact of Fiscal policy (tax, expenditure
and debt) on allocation and efficiency, distribution and redistribution, stabilization
and growth, interdependence of fiscal & monetary policies
15
5. Public Revenue
Meaning of tax, how taxes are different from other sources of revenue, inflation as
tax. Types and Classification of taxes, impact, shifting and incidence of taxes, canons
of taxes, base of tax. Laffer curve, Benefit & ability to pay approaches of taxes,
taxable capacity, tradeoff between equity and efficiency, incidence of taxes and
allocative efficiency, Excess burden of taxes\
20
Basic Reading List
1. Auerbach,A.J. and M Feldstern (Eds) (1985),Handbook of Public Economics, Vol-
I,North Holland,Amsterdem.
2. Bhatia, H.L., (2003), Public Finace, Vikas Publishing House Pvt. Ltd., New Delhi
3. Buchanan, J.M.C. (1970) The Public Finances, Richard D. Irwin, Homewood
4. Jha, R (1998), Modern Public Economics, Roultedge London.
5. Mankar, V.G. Public Finance - Theory and Practice.
6. Menutt, P (1996), The Economics of Public Choice, Edward Elgar, u.k
7. Musgrave and Musgrave (1976) Public Finance in Theory and Practice, Mcgraw Hill,
Page 29
Paper Code: PA03CECO03 Total Credit: 4
Title of Paper: Quantitative Economics
Unit Description in Detail Weightage
(%)
1. Concept and their application in Economic Analysis of; (a.) Economic Model (b)
Diagram (c) Equation- its types (d) Function – its types and (f.) Inequality –
Linear programming and it‟s Graphical solution.
30
2. Elements of Matrix, Algebra and their application in Economic Analysis;
Cramer‟s Rule; Inverse Matrix; Leontief Input- Output Analysis.
20
3. Set Theory: Types of Sets, Venn Diagrams;
Elements of Probability– Laws of Probability, Random Variable, Mathematical
Expaction – Property of Binomial and Normal Distribution.
20
4. Method of Data Collection and Presentation of Data; Frequency Distribution;
Measures of Central Tendency- Measures of Dispersion and their Application in
Economics Analysis. Lorenz Curve.
30
References
1. Ching A C; Fundamental Methods of Mathematical Economics, Mcgraw Hills,New York.
2. Gupta S C; Fundamental of Applied Statistics. S. Chand & Sons, New Delhi.
3. Grewal P S; Numerical Methods of Statistical Analysis, S P Pvt. Ltd., New Delhi.
4. Bose D.; An Introduction to Mathematical Economics, H P H. Bombay, Delhi.
5. Gupta C.B.; An Introduction to Statistical Methods, Delhi.
6. Dave M.B & Dr. Pandya K, Quantitative Methods of Economics, Popular, Surat
(Gujarati)
7. Patel R.K. & Patel L.B.; Business Statistic, C. Jamanadas Co. Ahmedabad.
8. Patel Balubhai; Dhandhakiya Ankadashastra, Uni. Granthnirman Board, Ahmedabad.
9. Zala M.L.; Arthshastrama Ganitshastra, Purbiti Prakashan, Vallabh Vidyanagar.
10. Dr. Jaiswal M.C.; Arthvishayak Ankadashastra, Uni. Granthnirman Board, Ahmedabad.
Elective Course 1
(Any One)
Paper Code: PA03EECO01 Total Credit: 4
Title of Paper: Problems of Indian Agriculture
Unit Description in Detail Weightage
(%)
1. Pattern of Land Utilisation - Crop Production Pattern - Change in crop
Pattern - Trends in Productivity - Obstacles to Increasing Farm Production.
15
2. Animal Husbandry - Other animals: Their Growth and Pressure on Land -
Improvement in Breed - Cattle Products : Their Marketing Cooperation. 20
3. Market Organisation - Village and Terminal Markets - Market
Functionaries
Marketing Costs - Regulation of Markets - Cooperative Marketing - Storage
and Possessing - Marketable Surplus - State Trading.
25
Page 30
4. Agricultural Finance - Farm Debts - Rural Credit Role of Reserve Bank-
Cooperative Credit - Long term Credit - Land Development Banks, Crop
Loans
25
5. Agricultural Labour - Employment - Wages - Conditions of work -
Minimum Wage- Problems of Farm Labour 15
Selected References :
1. Reserve Bank of India :Report of the All India Rural Credit Review Committee.
2. Tara Shukla : Capital formation in Indian Agriculture .
3. Tara Shukla (Ed. by) : "Economics of Underdeveloped Agriculture."
4. A. M. Khusro (Ed. by) : " Readings in Agricultural Development"
5. Ved P. Gandhi : " Tax Burden on Indian Agriculture."
6. Vadilal Dagli (Ed. by) : "Foundation of Indian Agriculture"
7. Annual Report of Currency and Finance-Published by Reserve Bank of India.
8. Monthly Journal of Agricultural Situation in India.
9. Special issue on Review of Agriculture published quarterly in the weekly
journal Economic and Political Weekly.
10. Quarterly Journal - Indian Journal of Agricultural Economics.
11. P. C. Bansil - "Agricultural Problems of India"
Paper Code: PA03EECO02 Total Credit: 4
Title of Paper: Industrial Labour
Unit Description in Detail Weightage
(%)
1. Meaning and characteristics of Industrial labour and labour market
Labour absenteeism and labour turnover. 30
2. Trade union movement in India- significance, problems trade unions
Employment Policy in Five Year Plans and its evaluation.
30
3. Social security- Concept, Types and importance- Organization and
financing of social security- Status of social security in India.
20
4. Industrial Disputes- Types and Causes- Industrial peace- Prevention and
settlement measures for industrial unrest- Conciliation, mediation and
arbitrations as methods of industrial peace- Role of government in
union- management relationships.
20
Basic Reading List
1. Deshpande, L.K. P.R. Brahmanands, E.AG. Robinson, (Eds.) (1983), Employment Policy
in a Developing Economy, Vol. 1 & 2, Macmillan, London.
2. Hicks Jr. (1932), The Theory of Wages, Clarendon Press, Oxford.
3. Lester, R.A (1964), Economics of Labour, (2nd Edition), Macmillan, New York.
4. McConn1ck, B. and Smith (Eds.) (1968), The Labour Market, Penguin, Harmondsworth.
5. Memoris, C.B. (1966) Labour Problems and Social Welfare in India, Kitab Mahal,
Allahabad.
6. Papola, T.S., P.P. Ghosh and AN.Slrranna (Eds.) (1993), Labour, employment and
industrial relations in India, B.R. Publishing Corporation, New Delhi.
7. Punekar, S.D. (1978), Labour Welfare, Trade Unionism and Industrial Relations,
Himalaya Publishing House, Bombay.
Page 31
8. Sharma AN. and A. Kundu (Eds.) (2001), Informal Sector in India: Emerging
Perspectives, Institute for Human Development, New Delhi.
9. Singh, VB. (1970), Industrial Labour in India, Popular Prakashan, Bombay.
Paper Code: PA03EECO03 Total Credit: 4
Title of Paper: Environmental Problems of India
Unit Description in Detail Weightage
(%)
1. Environmental Implications of Urbanisation - Extent and trends of urbanisation in
India and consequent environmental issues, suggested policy measures,
20
2. Air Pollution in India-Ambient air quality standards for various locations, sources
and magnitude of air pollution, measures to control air pollution,
20
3. Households and the Environment
Demand side factors in environmental degradation, role of households,
consumption, energy use, use of plastics, sewerage, solid waste disposal, tourism
etc, policy measures implemented and suggested.
10
4. Land Resources in India and Environmental Impact of Use of Chemical
Fertilisers and Pesticides in India - Land resources in India, optimum land use
pattern and environment, extent and magnitude of land degradation, policy and
operational measures to conserve land resources. Use of chemical fertiliser and
pesticides on agriculture and its impact on the environment, land, water and air
quality
20
5. Forest Resources in India
Extent and development of forest resources in India, magnitude of deforestation
and degradation, causes, policy anomalies and conflicts related to forest dwellers,
forest dependent livelihoods, India‟s Forest Policy since independence, suggested
measures to conserve and promote forestry.
10
6. Water Resources in India
Nature and development of water resources in India, environmental issues in the
water sector; agriculture, industry and municipal use; management of water
resources in India.
20
Basic Reading List
1. Asian Development Bank (ADB) (2000). India: Mainstreaming Environment for
Sustainable Development.
2. Bhattacharya, R.N. (Ed.) (2001). Environmental Economics: An Indian Perspective,
Oxford University Press.
3. Kerr, John M. et al (1997). Natural Resource Economics: Theory and Applications in
India, Oxford & IBH Publishing Co. Pvt. Ltd., New Delhi.
4. Lesser, J.A. et al. (1997). Environmental Economics and Policy, Addison-Wesley.
5. Murty, M.N., A. James and S. Mishra, (1999), The Economics of Water Pollution in
India, Oxford University press, New Delhi.
Page 32
6. Panayatou, Theodore (1992). The Economics of Environmental Degradation: Problems,
Causes and Responses. Green Markets: The economics of Sustainable Development.
International Centre for Economic Growth, ICS Press, San Francisco.
7. Pearce, D.W. and R. Kerry Turner (1993). Economics of Natural Resources and the
Environment, The Johns Hopkins University Press, Baltimore, USA.
8. Sankar, U. (Ed.) (2001). Environmental Economics, Oxford University Press.
9. Sengupta, R.P. (2001). Ecology and Economics: An Approach to Sustainable
Development. Oxford University Press, New Delhi.
10. World Bank (1992). Development and the Environment- World Development Report-
1992, Oxford University Press.
11. World Bank (1993), The World Development Report: Investing in Health, Oxford
University Press New York.
12. World Bank (1995). Economic Developments in India: Achievements and Challenges,
Washington DC.
13. World Resources Institute (WRI) (1993). Dimensions of Sustainable Development, in
World Resources- 1992-93, Washington DC.
Elective Course 2
(Any One)
Paper Code: PA03EECO04 Total Credit: 4
Title of Paper: Theory of Finance
Unit Description in Detail Weightage
(%) 1.
Financial system and Financial Intermediaries
Financial assets and Tangible assets, rudimentary finance –direct and
indirect finance, Types of economic units, Surplus spending and deficit
spending economic units –Economic significance of financial
intermediaries in saving-investment process and economic development
18
2.
The Developments banks
Meaning and functions – Characteristics of development banks - Structure
of Development Banks - Development banking in India
10
3.
Interest Rate Structure
Interest Rates - Relation between Short term and long term interest rates-
Factors causing differentials among interest rates-Maturity, Risk,
Callability, Taxability, Marketability, Other factors
18
4.
Credit Rating
Meaning and Origin –Importance of Credit Rating from the point of view
of Investors and Procedures-Drawbacks-Suggestions
9
Page 33
5.
Financial Behaviour
Life cycle behaviour, Intergeneration generation transfer- Asset
management under uncertainty- Asset holders investment Objectives-
Correlation among security Returns-asset diversification- Meaning of risks,
types of risks, risk-return trade off -Efficient portfolio- Portfolio balance
9
6.
Financial Assets/Instruments
Significance-Equity/ordinary shares, Preference shares, Debentures,
Innovative Debt instruments
18
7.
Non-bank financial intermediaries
Meaning-Significance-Structure (NBFIs)-commercial banks and NBFIs-
Uniqueness -functions and role of NBFIs- NBFIs and monetary policy-
NBFIs and credit creation-control of NBFIs
9
8.
Mutual Funds
Concept-Origin-History-Types of Mutual Fund, Merits and demerits-
Advantages of investing in Mutual fund-Net Asset Value- Methods of
calculation of unit price
9
References
1. Basu S.K., Theory and Practice of Development Banking.
2. Bhatt V.V., Structure of Financial Institutions.
3. Bhatt V.V., Financial Systems, Innovations and Development
4. Bhole L.M., Financial Markets and Institutions
5. Boskey, Shirley, Problems and Practices of Development Banks
6. Chandler L.V., The Economics of Money and Banking
7. Conghlan Richard, The Theory of Money and Finance
8. Desai Vasant., Fundamentals of Indian Financial System
9. Desai V.R.M. and Ghonasgi B.D. (ed) Monetary Theory and Central Banking in India
10. Diamond William, Development Banks
11. Goldsmith R.W. Financial Intermediaries in the American Economy since 1900.
12. Ghosh Alak, Financial Intermediaries and Monetary Policy in a Developing Economy
13. Gurley J.G. and Shaw E.S. Money in a Theory of Finance
14. Joshi M.S. Financial Intermediaries in India
15. Khan M.Y., Financial system, Theory and Practice
16. Moore Basil J., An Introduction to the Theory of Finance
17. Pathak Bharti V., Indian Financial System
18. Reserve Bank of India, Report of the committee on financial inclusion
19. Sharpe W.F., Portfolio Theory and Capital Market
20. Shaw E.S. Financial Deepening inEconomic Development
21. Simha S.L.N. Development Banking in India
22. Singh Prabhu N., Role of Development Banks in a Planned Economy
23. Srinivasan E.S., Financial Structure and Economic Development
Page 34
Paper Code: PA03EECO05 Total Credit: 4
Title of Paper: Socio - Economic Survey Methods
Unit Description in Detail Weightage
(%)
1. Meaning and scope of socio-economic survey - types of survey -
objective and importance of socio - economic survey in India. 15
2. Planning of socio-economic survey - the main planning problems - pilot
survey documentary sources, secondary and primary data.
15
3. Coverage of survey - universe, idea and advantage of sampling - census
and sample survey - accuracy, bias and precision - sampling distribution
and standard error - confidence interval, - measure of efficiency of
sampling design. Types of sampling design
25
4. Questionnaire / Schedule - general principles of design - questionnaire -
Schedule - difference between questionnaire and schedule - question
content, factual question, opinion question, open and pre-coded question,
question Wording- characteristics of idle questionnaire - schedule.
20
5. Interviewing technique - meaning and types of interviewing - necessary
condition for successful interview- formal and informal interviewing-
interviewer's task - selection and training.
15
6. Processing of data - classification - tabulation - interpretation of table and
relationship.
10
Reference Books
1. Sir Claus Moser & G. Kalton; Survey Methods on Social Investigation.
2. Goode W.J. & Hatt P.K. - Methods in Social Research
3. Gaitung J. - Theory and Methods of Social Research
4. Cochran W.G. - Sampling Techniques
5. Glock C.Y., - Survey Research in Social Science
Paper Code: PA03EECO06 Total Credit: 4
Title of Paper: Development Of Co-Operative Movement In India
Unit Description in Detail Weightage
(%)
1. Growth of co-operative Movement in India
Policy relating to co-operation – Development of Co-operatives under the Five
Year Plans.
15
2. Agricultural Co-operative Credit
Short term, medium term- Primary Agricultural Credit Societies (PACS)-
Service Co-operative Banks: Objectives, functions, working progress- National
Federation of State Co-operative Banks: Objectives, activities, achievements,
prospects and problems.
20
3. Long term Co-operative Credit
State / Central Co-operative Land Development Banks: Number and
membership, working capital, losses, over-dues and recovery.
20
Page 35
4. Different Types of Co-operative Societies:
a. Industrial Co-operatives,
b. Fishery Co-operatives,
c. Housing Co-operatives,
d. Consumer Co-operatives,
e. Fertilizer Co-operatives (IFFCO, KRIBHCO)
g. Dairy Co-operatives
25
5. Co-operative Education, Training and Information
Need and information of co-operative education- Arrangement for co-operatives
education & training in India- National Co-operative Union of India (NCUI)-
National Council for Co-operative Training (NCCT)- Vaikuth Mehta National
Institute of Co-operative Management (VAMNICOM)- State Co-operative
Unions- District Co-operative Unions- Co-operative education for members:
Committee members, potential members, leadership, youth and women-
International Co-operative Alliance (ICA).
20
References:
1. Das T.R. and K.K. Sen, Co-operatives and Economic Development, Rawat Publication, Jaipur and New Delhi.
2. Dwivedi R.C., Jawaharlal Nehru‟s Vision on Co-operatives, New Delhi.
3. Gohel B.B., Management of Marketing Co-operatives, Deep and Deep Publication, New Delhi. 4. Jha D., In Search of Co-operative Values, Vikas Publishing House Pvt. Ltd., New Delhi.
5. Jain P.K., Marketing Management of Co-operative Sector in India, Krishna Publishing House,
New Delhi. 6. Kainth G.S., India‟s Rural Co-operatives, Regency Publication, New Delhi.
7. Kulkarni S.R., Urban Co-operative Banks, Anmol Publications Pvt. Ltd., New Delhi.
8. Mathur B.S., Co-opeartive marketing in India, Sahitya Bhavan, Agra.
9. Mishra Baidyanath, Co-operative Movement in India, APH Publishing Co., New Delhi. 10. NDDB, AMUL: A Success Story, Anand.
11. Pathania K.S., Managament of Co-operative Finance in India, Anmol Publications Pvt. Ltd., New
Delhi.
12. Saksena K.P., Co-operation in Development, Sage Publication, New Delhi.
13. Saxena K.K., (1974), Evolution of Co-operative Thought, Somaiya Publication Pvt. Ltd., New
Delhi.
Paper Code: PA03EECO07 Total
Credit: 4 Title of Paper: Research Methodology and Computer Application in Economics
Total 4 credits: 2 credits for classroom teaching and 2 credits for Laboratory / Practical
Unit Description in Detail Weightage
(%)
1. Concept and Scope of Socio – Economic Survey, Kinds of Survey, Goals and
Importance of Socio- Economic Survey in India, Planning of Socio-
Economic Survey, Planning Problem, Pilot Survey, Documentary Sources
25
2. Hypothesis and Testing of Hypothesis: Concept of Hypothesis, Significance
of Hypothesis, Types, Concept of Significance Level and Confidence Level,
Use of Computer for Testing of Hypothesis
25
Page 36
3. Statistical Analysis and Statistical Analysis with Spreadsheet: Mean. Median,
Mode, Dispersion, Correlation, Regression, Introduction to SPSS, some Basis
Commands and Data Entry Defining Variables, Basis Statistical analysis-
Changing tools
35
4. Web Page Designing: Introduction, HTML- Introduction, Page Structure,
HTML Tags- Manipulating Header, Footer, Colour, Alignment, Paragraph
etc.- List, Tables, Image, Hyperlinking- New Softwares
15
References:
1) Kothari C.R. (2009), “Research Methodology- Methods and Techniques”, New Age
International Publishers, New Delhi
2) Joshi K. (1984), “ Econometrics”, Viral Prakashan, Ahmedabad
3) Raiyani J. R. (2012), “Research Methodology- Theory and Techniques”, New Century
Publications, New Delhi
4) Verma R. K. & Verma G. (1989), “Research Methodology”, Commonwealth Publishers,
New Delhi
5) Gupta V. (2007), “ Comdex Computer Course Kit” Comdex
6) Rajaraman (2003), “Fundamentals of Computers”, PHI Publication, New Delhi
7) Gupta S C; Fundamental of Applied Statistics. S. Chand & Sons, New Delhi.
8) Grewal P S; Numerical Methods of Statistical Analysis, S P Pvt. Ltd., New Delhi.
9) Bose D.; An Introduction to Mathematical Economics, H P H. Bombay, Delhi.
10) Gupta C.B.; An Introduction to Statistical Methods, Delhi.
11) Patel R.K. & Patel L.B.; Business Statistic, C. Jamanadas Co. Ahmedabad.
12) Patel Balubhai; Dhandhakiya Ankadashastra, Uni. Granthnirman Board, Ahmedabad.
13) Zala M.L.; Arthshastrama Ganitshastra, Purbiti Prakashan, Vallabh Vidyanagar.
14) Dr. Jaiswal M.C.; Arthvishayak Ankadashastra, Uni. Granthnirman Board, Ahmedabad.
15) Douglas E. Commer (2000), “The Internet”, PHI, Second Ed.
16) Sir Claus Moser & G. Kalton; Survey Methods on Social Investigation.
17) Goode W.J. & Hatt P.K. - Methods in Social Research
18) Gaitung J. - Theory and Methods of Social Research
19) Cochran W.G. - Sampling Techniques
20) Glock C.Y., - Survey Research in Social Science
21) Xavier C. (2000), “World Wide Web Design With HTML”, Tata McGraw Hill
Publication, Kolkata
Course for Self Study & Soft Skills
Paper Code: PA03SECO03 Total Credit: 4
Title of Paper: Economics of Livestock Farming
Unit Description in Detail Weightage
(%)
1. Importance of Livestock Sector and Dairy Cooperatives – Development of
Milk Cooperatives in Gujarat and India
25
2. Dairy development during five year plans and its achievements,
drawbacks and future lessons
15
3. Livestock Farming recommendations, practices and local level
experiences – Case Studies of successful livestock farming and common
grazing land
30
Page 37
4. Factors affecting livestock development – Measures for promotion of
livestock – Threats to livestock development in Gujarat – Suggestions for
development of Livestock Sector
30
References:
1) Shukal, K. C. (1973), Vyavharu Gopalan, Ahmedabad: University Granth Nirman Board,
Gujarat State
2) Trivedi, H. P. (1996), “Milk Cooperative in India- Some Major Issues”, in Arth-Vikas,
Vol-32, No.-2, July-December,Vallabh Vidyanagar: Department of Economics, S. P.
University
3) Vaidyanathan, A. (1992), Issues in Animal Husbandry and Dairying, in Dairy India,
published by P. R. Gupta, New Delhi
4) Savani A. V.; P. K. Shah & Bhavna Joshi, Dairy Farmno Bomiyo, Published by Rural
Development Section, Gujarat State and AMUL, Anand
5) Government of India: Various Five Year Plans, Planning Commission, New Delhi
Note: The teaching & learning Structure for the course of Self Study and Soft skills is
as follows:
(a) Classroom Teaching / Practical -2 credits
(b) Self Study - 2 credits
Page 38
Semester –IV
Course Type Course No. Name of the Course Credits External Internal Total
3 Core Courses PA04CECO01 Economics of
Development and
Planning
04 70 /28 30 100/40
PA04CECO02 Indian Public
Economics- Theory and
Policy
04 70 /28 30 100/40
PA04CECO03 Quantitative Economics 04 70 /28 30 100/40
Elective
Course-1 (Inter
Disciplinary
Course)
PA04EECO01 Human Development 04 70 /28 30 100/40
Elective
Course-2 (Inter
Disciplinary
Course)
PA04EECO02 Environmental
Protections in India
04 70 /28 30 100/40
Self Study &
Soft Skills
Course
PA04SECO03 Indian Economy 04 70 /28 30 100/40
Comprehensive
Viva
PA04CECO04 All Courses 01 35 / 14 15 50/20
Total 25
Page 39
Semester –IV
Core Courses
Paper Code: PA04CECO01 Total Credit: 4
Title of Paper: Economics of Development and Planning
Unit Description in Detail Weightage (%)
1. Critical Minimum Effort Thesis- Leibenstein.
The theory of balanced growth- Nurkes‟ view- criticism of
balanced growth.
Backward linkage, forward linkage and the theory of unbalanced
growth-
30
2. Rostow‟s Stages of Economic Growth. 15
3. Choice of techniques in underdeveloped economies.
Myrdal‟s theory of circular causation- Regional inequalities-
International Inequalities- A critical appraisal.
25
4. Mrs. Robinson‟s Golden Age.
Harrod-Domar model- requirements of steady growth-
applications of these models to underdeveloped countries.
20
5. Problems of economic development in a mixed economy like
India.
10
6. Current thinking on economic development.
Basic reading List:
1. Adelman I (1961), Theories of Economic Growth and Development, Stanford University
Press, Stanford.
2. Higgins B (1959), Economic Development, W.W. Norton, New York.
3. Kindle Berger, C.P.(1977), Economic Development, Mc-Grew Hill, New York.
4. Thriwal A.P. (1999), Growth and Development, Macmillan, U.K.
5. Chakravarti S. (1987), Development Planning: The Indian Experience, Clarendon Press,
Oxford.
6. Chakravarti S.(1982), Alternative Approaches to the theory of Economic Growth, Oxford
University Press, New Delhi.
7. Meier G. M. (1995), Leading Issues in Economic Development, Oxford University Press,
New Delhi.
8. „World Development Report- WDR‟- World Bank
9. „Human Development Report- HDR‟- UNDP
Page 40
Paper Code: PA04CECO02 Total Credit: 4
Title of Paper: Indian Public Economics- Theory and Policy
Unit Description in Detail Weightage
(%) 1. Public Expenditure
Wagner's law of increasing state activities, Peacock hypo thesis,
Musgrave's views, pure theory of public expenditure, structure and
growth of public expenditure. Indian experience, Reforms in
expenditure management, criteria for public investment; social cost
benefit analysis, types of benefits and costs & their measurement
25
2. Public Debt
Meaning, need and sources of public debt, Classical view, Burden of
public debt, “debt trap”, present and future generations;, debt
through created money, price level & public debt, crowding out of
private investment & activity; trends of public debt in India, India's
debt burden, methods of debt management & repayment, different
concepts of deficits & their importance, meaning and need for deficit
financing, problems of deficit financing
25
3. Fiscal Federalism
System of Indian Federal Finance, Finance- Commission & Planning
Commission: Resources transfers criteria, devolution of resources
and grants between States and Center and problems of this system,
Current Finance Commission,
25
4. Indian Public Finance
Sources of revenue of Union, States & local bodies, Indian tax
system- major taxes, taxation of agriculture, expenditure tax, service
tax, VAT-Modvat, CENVAT, MAT, Reforms in direct and indirect
taxes-Recommendations of Raja Chelliah Committee, Other Fiscal
Reforms, Non-tax revenue, Budget: Its preparation, significance,
analysis, recent Union Government budget.
25
Basic Reading List 1. Bagchi; Amresh; Bajaj; J.C. and Byrd, W. A (1992), States Finance in India, Vikas Pub.House.
2. Chelliah, Raja (1997) Tax Reforms Committee-Final Report, Govt. of India, Ministry of Finance.
3. Goode, R.(1996) Government Finance in Developing Countries, Tata Mc Grave . Hill, N Delhi.
4. Govt. of India, Ministry of Finance, An Economic and Functional Classification of Central Govt Budgets.
5. Govt. of India, Economic Surveys of different years.
6. Govt. of India, Speeches of Union Finance Ministers, Ministry of Finance. 7. Prasad, R.C (1987) Agricultural Taxation and Economic Development, Deep and
Deep Pub.
8. Sury, M.M. (2000) fiscal policy Developments in India: 1950-2000 Indian Tax Institute
9. R.V. Shastri, R.C. Joshi, K.J. Munshi, M.V. Joshi, (1993-94), Rashtriya Artha Vidhan, Popular Prakashan, Surat.
10. Trivedi Ravishankar (anuvadak) (1978) Musgrave,Richard A, Jaher Arthvidhanna
Siddhanto,University Granth Nirman Board.
Page 41
Paper Code: PA04CECO03 Total Credit: 4
Title of Paper: Quantitative Economics
Unit Description in Detail Weightage
(%)
1.
Elements of Differential Calculus and their utility in Economic Analysis.
Such as establishment of relationship between AR & MR; AC & MC;
AR, MR & Elasticity; Optimisation conditions; Estimation of Elasticity &
Marginal Value etc. Meaning of Differential Derivative, Rules of
Differentiation, Second order Derivative, Partial Derivative, Total
Derivative, Total Differential and their utility in Economic Theory.
30
2.
Simple Correlation: types of Correlation, Scatter Diagrams, Coefficient of
Correlation – Product Moment Method and Rank Correlation Method,
Probable Error and Explanation of Co-Efficient of Correlation, And Its
Application in Economics.
25
3. Regression and its Application in Economic Analysis. Relationship
between Attributes
25
4. Index Numbers, Importance, Utilisation of Index Numbers in Economic
Analysis, Problems in Construction of Index Numbers, Methods of
Construction of various type Of Index Numbers.
20
References:
1. Ching A C; Fundamental Methods of Mathematical Economics Mcgraw Hills, New York.
2. Gupta S C;Fundamentals of Applied Statistics. S.Chand & Sons. New Delhi.
3. Grewal P S; Numerical Methods of Statistical Analysis. S P Pvt Ltd., New Delhi.
4. Bose D.; An Introduction to Mathematical Economics. H P H. Bombay, Delhi
5. Gupta C.B.; An Introduction to Statistical Methods, Delhi.
6. Dave M.B & Dr. Pandya K, Quantitative Methods of Economics, Popular, Surat
7. Patel R.K. & Patel L.B.; Business Statistic, C. Jamanadas Co. Ahmedabad.
8. Patel Balubhai; Dhandhakiya Ankadashastra, Uni. Granthnirman Board, Ahmedabad.
9. Zala M.L.; Arthshastrama Ganitshastra, Purbiti Prakashan, Vallabh Vidyanagar.
10. Dr. Jaiswal M.C.; Arthvishayak Ankadashastra, Uni. Granthnirman Board, Ahmedabad.
Elective Course 1 (Interdisciplinary Course)
Paper Code: PA04EECO01 Total Credit: 4
Title of Paper: Human Development
Unit Description in Detail Weightage
(%)
1. Concept of human development, difference between human development and
various earlier concepts of development, human development index, 20
Page 42
2. Role of UNDP in Human development research and World Human
Development Reports, dimensions and methodology of calculation of human
development index-life expectancy index, education index and adult literacy
index, issues and concerns regarding calculation of HDI, data requirements for
calculation of HDI, HDI in India, HDI in Gujarat
20
3. Education and Human development-importance of education in human
development, education policy, measures to strengthen education for achieving
higher level of human development
10
4. Income as a parameter of human development, income distribution,
occupational pattern, employment and its impact on human development 10
5. Health Status and human development, various indicators of health status,
importance of health and its implications for human development
10
6. Gender and Human development, gender related development index
(GDI),gender empowerment measure (GEM), calculation of gender related
development index (GDI),gender empowerment measure (GEM), measures to
improve gender component of human development
10
7. Vulnerability in human development, concept, inadequacy of natural or other
resources, approaches to protect people against vulnerability, evaluation of
programmes and policies to target vulnerable population
10
8. The way ahead in human development-measures to improve human
development
10
References:
1. Anand Sudhir & Sen, Amartya K. (1994), “Human Development Index: Methodology and
measurement”, Occasional papers, Human Development Report Office, New York, July. 2. Bhatt, Babaraju K. (2004), “Population and Human Development – Indian Context”, Vishleshan,
Vol. 29, No. 3, July- September.
3. District Human Development Repot of Dangs district in Gujarat, unpublished report by Sardar Patel University, Vallabh Vidyanagar
4. Dr. Yogesh Vansiya (2008), “Exploration of Human Development in Gujarat”, Popular
Prakashan, Surat, Gujarat. 5. GoG, “Socioeconomic Review of Gujarat State, various issues
6. GoG, “Statistical Abstract of Gujarat State, various issues
7. Government of Uttar Pradesh, Human Development Report, 2003
8. Gujarat Human Development Report (2004), Mahatma Gandhi Labour Institute, Ahmedabad 9. Joshi, G. N. (1997), “Manavvikas Aank Ane Aarthikvrithi”, Vishleshan, April, pp. 68-78.
10. Jhingan M. L., (1986), “The Economics of Development and Planning”, Konark Publication, New
Delhi. 11. World Human Development Reports, issues of various years
Page 43
Elective Course 2 (Interdisciplinary Course)
Paper Code: PA04EECO02 Total Credit: 4
Title of Paper: Environmental Protections in India
Unit Description in Detail Weightage
(%)
1. Meaning of Environmental Protection Importance of environment –
environmental pollution (Human being-Society-farmers industrialist -
service providers) Protectors of environment (Human being-Society -
Farmers-Industrialists service providers-NGOs-Government-International
agencies)
10
2. Role of human being in protecting environment-consumption pattern
efficiency in use of various commodities/services- performers for eco-
friendly products/use practices attitude towards environment and
society.
15
3. Society and environment-Socio-Cultural activities versus environmental
pollution / protection. Evaluation of the efforts to protection environment
against various socio-cultural activities in the country. (Holy/Dhuleti/
Ganesh idoles/electricity use on death/etc.)
15
4. Farmers and environmental protection farming activities leading to
environmental pollution-alternatives to reduce or avoid pollution the
extent of various environmental protection activities in Indian agriculture
Measures to promote environmental protection.
20
5. Industrialists and environmental protection-industries and various
industrial activities causing environmental pollution-alternatives to
reduce or avoid pollution-the extent of various environmental protection
activities among industries in India-Measures to promote environmental
protection.
20
6. Services and environmental protection-Activities of various service viz.,
Health & transportation services polluting environment-extent of
pollution by them- the extent of environmental protection practices
followed by the polluters-measures to support environmental protection
activities. (Governmental and Nongovernmental efforts for protecting
environment in the Country)
20
References :
1. Asian Development Bank (ADB) (2000). India: Mainstreaming Environment for
Sustainable Development.
2. Baumol, W.J. and W.E. Oates (1988). The Theory of Environmental Policy, Cambridge
University Press.
3. Bhattacharya, R.N. (Ed.) (2001). Environmental Economics: An Indian Perspective,
Oxford University Press.
4. Bromley, Daniel W. (Ed.) (1995). Handbook of Environmental Economics, Blackwell
Publishers.
5. Callan, S.J. and J.M. Thomas (2000). Environmental Economics and Management:
Theory, Policy and Applications.
6. Dixon, J.A. et al. (1994). Economic Analysis of Environmental Impacts. Earthscan
Publications Ltd., London.
7. Field, Barry C. and Martha Field (2002). Environmental Economics: An Introduction (3rd
ed.). McGraw-Hill Irwin.
Page 44
8. GoI (1999). Economic Survey-1998-99: Promoting Sustainable Development: Challenges
for Environment Policy, New Delhi.
9. Hanley, N. et al. (2001). Introduction to Environmental Economics, Oxford University
Press, New York.
10. Khakhhar, K.K., “ Paryavaraniya Arthashastrana Payana Siddhanto”, (2004), Adarsh
Printing Press, Rajkot.
11. Tietenberg, Tom (2001). Environmental Economics and Policy, Addison-Wesley.
Course for Self Study & Soft Skills
Paper Code: PA04SECO03 Total Credit: 4
Title of Paper: Indian Economy
Unit Description in Detail Weightage
(%)
1.
Economic Development and Population Growth
Theory of Demographic Transaction- The Micro Economics Theory of
Fertility – Population Growth and Economic Development- National
Population Policy of India- Controlling Population Growth.
25
2.
Human Capital and Occupational Structure
Human Capital- Meaning, Importance, Progress and Suggestions
Economic Development and Occupational Structure- Unemployment:
Causes and Remedies, Government Employment Policy- Poverty and
Inequality: Causes and Remedies
25
3. Industrialisation: Role of Industrialization, Industrial Pattern, Growth,
Problems and Policy- Economic Reforms- Public sector- Disinvestment-
Privatization.
25
4.
Agriculture Sector: Role, Main Features, Productivity, Trends and Crop
Pattern- Green Revolution- Land Reforms-Agricultural Inputs- National
Agricultural Policy-2000
25
References:
1) Agrawal, A. N. (2009), Indian Economy- Problems of Development and Planning, New
Delhi: New Age International Publishers
2) Datt, R. & K.P.M. Sundharam (2007), Indian Economy, New Delhi: S. Chand &
Company Ltd.
3) Kapila U., (2006-07), Indian Economy Since Independence, New Delhi: Academic
Foundation.
4) Bhatt, B. M. (1991), Bharatni Arthik Samasyao, Ahmedabad: University Granth Nirman
Board.
5) Patel, B. S. & K. A. Bhatt (2002), Bharatiy Arthashastra, Ahmedabad: C. Jamanadas
Company.
6) Patel, R. C. & Others (1992), Industrial Economics, Surat: Popular Prakashan
7) John W. Mellor, Economics of Agricultural Development
8) T. W. Schultz, Transforming Traditional Agriculture
9) E. D. Heady, The Economics of Agricultural Production and Resource use
10) C. E. Bishop and W. D. Toussaint, Tonaint-Introduction to Agricultural Economic
Analysis
11) Reserve Bank of India :Report of the All India Rural Credit Review Committee.
12) Tara Shukla : Capital formation in Indian Agriculture .
13) Tara Shukla (Ed. by) : "Economics of Underdeveloped Agriculture."
Page 45
14) A. M. Khusro (Ed. by) : " Readings in Agricultural Development"
15) Vadilal Dagli (Ed. by) : "Foundation of Indian Agriculture"
16) Annual Report of Currency and Finance-Published by Reserve Bank of India.
17) Monthly Journal of Agricultural Situation in India.
18) Special issue on Review of Agriculture published quarterly in the weekly journal -
Economic and Political Weekly.
19) Quarterly Journal - Indian Journal of Agricultural Economics.
Note: The teaching & learning Structure for the course of Self Study and Soft skills is
as follows:
(a) Classroom Teaching / Practical -2 credits
(b) Self Study - 2 credits
Recommended