B.A. /B.Sc. 3-Years Economics (Elective) Syllabus (400 marks)

Part I: 100 marks Paper – I: Microeconomics

Unit I Basic Concepts

Unit II Consumer Behaviour Unit III Production and Costs Unit IV Theories of Market

Unit V Theory of Distribution

Part II: 200 marks

Paper – II: Macroeconomics

Unit I National Income Unit II Macroeconomic Theory Unit III Consumption Function (Keynesian Approach) Unit IV Supply of Money Unit V Principles of Taxation & International Trade

Paper – III: Indian Economy

Unit I Basic Features Unit II Agriculture Unit III Industry Unit IV Money and Capital Market

Unit V Planning and Development Part III: 100 marks

Paper – IV: Development Economics

Unit I Meaning of Development & Stages of Growth Unit II Problems of Labour Surplus Economy & Development Strategy

Unit III Trade & Development, Foreign Investment Unit IV Planning for Development & Concept of

Sustainable Development Unit V Economic Growth, Inequality and Poverty &

Role of International Institutions in Economic Development

Part I B.A. /B.Sc. 3-Years Economics (Elective) Syllabus

Paper – I: Microeconomics Full Marks – 100

Unit-I

Basic Concepts Nature & Scope of Economics, Basic problems of an Economic System, Units of Economic System, Positive & Normative Economics; Concept of Demand, Supply & Market Equilibrium; Elasticity of Demand: price-elasticity, cross elasticity and income elasticity of demand, determinants & measurement of elasticity of demand.

Unit-II

Consumer Behaviour Utility: Total and Marginal utility; Law of Diminishing Marginal Utility; Law of demand, Relation between Law of Demand and Law of Diminishing Marginal Utility Indifference Curve: Definition and Properties, Consumer equilibrium-Income Effect, Substitution Effect and Price Effect; Revealed Preference Theory

Unit-III

Production and Costs Production Function: Law of Variable Proportions; Constant, Increasing and Decreasing Returns to Scale.

Cost of Production: Real Cost and Opportunity Cost; Fixed Cost and Variable Cost; Shape of Cost Curves (Short-run and Long-run); Relation between Average Cost and Marginal Cost.

Revenue: Total, Average and Marginal Revenue Curves; Relation between Average Revenue, Marginal Revenue and Price Elasticity of Demand.

Unit-IV Theories of Market Perfect Competition: Meaning, Short-run and Long-run Equilibrium of the Firm Monopoly: Meaning, Short-run and Long-run Equilibrium of the Firm; Dead weight loss of monopoly Price Discrimination: Causes of Price Discrimination; First-Degree, Second-Degree and Third-Degree Price Discrimination (Concepts only) Monopolistic Competition: Meaning; Product Differentiation Oligopoly: Meaning; Sweezy’s Kinked Demand Curve Model

Unit-V Theory of Distribution Marginal Productivity Theory of Distribution: Factor Price Determination.

Rent: (a) Ricardian theory (b) Modern Theory;

Wage: Real Wage and Money Wage; Role of Trade Union in Wage Determination.

Interest: Loanable Fund and Liquidity Preference Theory of Interest.

Profit: Risk and Uncertainty Theories of Profit. Recommended Books

1. Awh, Robert Y. : Microeconomics : Theory and Applications, John Willey & Sons, New York.

2. Koutsoyiannis, A. : Modern Microeconomics, Macmillan Press Ltd, London. 3. Lipsey, R. G. : An Introduction to Positive Economics, Weidenfeld and

Nicholson, London. 4. Samuelson, P. A. and William D. Nordhaus : Economics, McGraw Hill Book Co. 5. Chakraborty, Dr. Chittabrata : Bharatiya Arthaniti and Bharater Arthanaitik

Samsya, Rabindra Bharati Publication, Kolkata. 6. Mukherjee, Sampat and Debesh Mukherjee : Samakalin Arthavidya, New Central

Book Agency. 7. Sarkhel, Joydeb : Arthavidya, Book Syndicate.

Part- II B.A. /B.Sc. 3-Years Economics (Elective) Syllabus

Paper – II : Macroeconomics Full Marks – 100

Unit I

National Income Accounting Concepts [Consumption Expenditure, Investment Expenditure, Government Expenditure, Net Exports, Transfer Payment, Depreciation Cost, Net Indirect Taxes, Gross Domestic Product (GDP) and Net Domestic Product (NDP), Gross National Product (GNP) and Net National Product (NNP), National Income (NI), Personal Income, Personal Disposable Income, GDP Deflator, Economic Welfare, Circular Flow of National Income, GNP-Gap] Different Methods of Measurement of National Income; Problems of Measurement of GDP; GDP as an Indicator of Social Welfare.

Unit II Macroeconomic Theory Classical Theory of Employment and Output – Say’s Law of Markets; Simple Keynesian Theory of Income and Employment – Concept of Effective Demand; Quantity Theory of Money – Fisher’s Version and Cambridge Version; Concept of Inflation, Deflation, Stagflation, Inflationary Gap; Effects of Inflation.

Unit III Consumption & Investment Average and Marginal Propensity to Consume; Factors affecting Consumption Expenditure. Investment Investment Multiplier; Marginal Efficiency of Capital and Marginal Efficiency of Investment.

Unit IV

Supply of Money Functions of Commercial Banks with Special Emphasis on Credit Creation. Functions of Central Bank with Special Emphasis on Credit Control. High Powered Money - Money Multiplier.

Unit V Principles of Taxation Direct and Indirect Taxation; Regressive, Progressive and Proportional Taxation; Public Debt – Internal and External Burden of Debt. International Trade International Trade: Absolute and Comparative Advantage, Gains from Trade Arguments for Free Trade and Protection. Recommended Books :

Lipsey & Chrystal, An Introductiob to Positive Economics. Sampat Mukherjee O Debesh Mukherjee, Samakalin Arthabidya, New Central Book Agency. Jaydev Sarkhel, Arthabidya, Book Syndicate.

Part- II Economics (Elective)

Paper – III : Indian Economy Full Marks – 100

Unit I

Basic Features Indian Economy: Features of Underdevelopment. National Income of India: Trend and Sectoral Composition. Indian Population: Growth, Composition and Population Policies Poverty and Unemployment in India: Estimates, Trend and Government Policies

Unit II

Agriculture Role and Importance of Agriculture in Indian Economy;

Causes of Low Productivity in Indian Agriculture. Land Reforms in India. Green Revolution and its Effects. WTO and Indian Agriculture.

Unit III Industry Role of Cottage, Small and Large Scale Industries in Indian Economic Development; Problems facing Cottage, Small and Large Scale Industries in the Globalised Context; Sources of Institutional Finance in India; Industrial Policies (with special emphasis on 1956 and 1991); Public Sector: Role, Success and Limitations in Indian Economy.

Unit IV Money and Capital Market

Indian Money Market: Role of RBI, Monetary Policy of RBI. Indian Public Finance: Sources of Revenue of Union and State Governments, Taxes Imposed by Central and State Government Centre-State Financial Relation; Role of Finance Commissions. Foreign Capital: FDI and FII (Foreign Institutional Investment) in Indian Economy.

Unit V

Planning and Development

Development Planning in India: Achievement and Failures of India’s Five Year Plans. Economy of Tripura : Trend and Composition of Gross State Domestic Product of Tripura (after 1972). Agricultural Development in Tripura. Participatory Planning in Tripura.

Recommended Books

1. Dutt and K.P.M. Sundharam, Indian Economy, S. Chand & Co.. 2. Misra and Puri, Indian Economy, Himalaya Publishing House. 3. Agarwal, A.N., Indian Economy, Vikash Publishing Company. 4. Dr. Chittyabrata Chokraborty, Arthanaitik Tatya O Bharater Arthanaitik

Samshya, Rabindra Library. 5. Debesh Mukherjee, Bharater Arthaniti. 6. Govt. of Tripura, Tripura- Human Development Report

Part III Economics (Elective)

Paper – IV : Development Economics Full Marks – 100

Unit-I

Meaning of Development – Broad Indicators of Economic Development – International Comparisons – Distinction between Growth and Development – Human Development Approach. Stages of Economic Growth – Rostow and Marx.

Unit-II

Problems of Labour Surplus Economy - Lewis Model & Its Criticisms – Ranis and Fei Model - Nurkse’s Idea of Disguised Saving Potential. Development Strategy – Balanced and Unbalanced Growth – Choice of Technique in a Labour Surplus Economy.

Unit-III

Trade & Development – Trade as an Engine of Growth – Infant Industry Argument of Protection, Foreign Investment - Role of FDI in Economic Development – Role of Foreign Aid.

Unit-IV

Planning for Development - Rationale for Planning, Role of the State, Market Failure and Government intervention, Decentralisation. Sustainable Development: Concepts and Indicators

Unit-V

Economic Growth, Inequality and Poverty – Interlinkages. Role of International Institutions ( IMF, World Bank and WTO) in Economic Development.

Recommended Books :

1. Debraj Ray, Development Economics, OUP. 2. Todaro and Smith, Economic Development in Third World Countries. 3. Jaydev Sarkhel, Unnayaner Arthaniti.

BA/BSc. 3-Years Economics (Honours) Syllabus- 800 Marks

Part I: 200 marks Paper I : Economic Theory-1

Paper II: Statistics and Mathematical Economics Part-II: 200 marks

Paper-III: Economic Theory-II Paper-IV: Development Economics Part-III: 400 marks Paper-V: International Economics and Public Economics Paper-VI: Indian Economic Problems and Planning Paper VII : Econometrics and Mathematical Economics Paper VIII : Indian Economic History and Essay

Part-II: 200 marks

Paper-III: Economic Theory-II

Group-A: Micro Economics 40 marks

Unit I: Monopoly, Monopolistic Competition and Oligopoly.

Unit II: Factor Pricing, Welfare Economics.

Group-B: Macro Economics: 60 marks

Unit III: Growth Models

Unit IV: Advances in Business Cycle Theory & Open Economy Models

Unit V: Demand for Money& Supply of Money.

Paper-IV: Development Economics

Group-A: Economic Development: 60 marks Unit I: Meaning of Development; Stages of Economic Growth.

Unit II: Problems of Labour Surplus Economy; Development Strategy.

Unit III: Poverty and Inequality; Environment, Gender and Development.

Group-B: Policies & Institutions: 40 marks

Unit IV: Trade & Development; Planning for Development

Unit V: Inequality and Development : Interconnections;

Rural Credit Markets, Theories of Informal Credit Markets,

Interlinked Transactions, Micro Finance.

Part-III: 400 marks Paper-V: International Economics and Public Economics

Group-A: International Economics: 60 marks Unit I: Production, Exchange and Trade; International Equilibrium Unit II: Technology, Comparative Advantage and Trade; Factor

Endowment, Comparative Advantage and Trade Unit III: Tariff, Exchange Rate and Devaluation

Group-B: Public Economics: 40 marks

Unit IV: Economic Role of the State; Principles of Taxation Unit V: Direct and Indirect Taxation; Public Debt Paper-VI: Indian Economic Problems and Planning

Group-A: Structure of Indian Economy: 40 marks Unit I: Structural Changes; Agriculture. Unit II: Indian Industry; Labour, Employment & Poverty.

Group-B: Indian Economic Policy 60 marks Unit III: History of Five Year Plan ; Monetary Policy & Plans

Unit IV: Tax Structure, External Sector, Unit V: Human Resource and Infrastructure.

Paper VII : Econometrics and Mathematical Economics

Group-A : Elements of Econometrics: 60 marks Unit I: Analysis of Bivariate Data

Unit II: Elementary Sampling Theory Unit III: Classical Statistical Inference

Group-B: Mathematical Economics: Unit IV: Integration and Dynamic Analysis, 40 marks

Linear Programming Unit V: Input Output Analysis, Game Theory

Paper VIII : Indian Economic History and Essay

Group-A : Indian Economic History: 60 marks Unit I: Impact of British Rule

Unit II: Aspects of British Imperial Rule I Unit III: Aspects of British Imperial Rule II

Group-B: Essay: 40 marks

Part II

B.A./B.Sc. 3-Years Economics (Honours) Paper – III : Economic Theory-II

Full Marks – 100 Group-A : Microeconomics Marks - 40

Unit-I

1. Monopoly and Monopolistic Competition : Index of Monopoly Power, Equilibrium with a Single Plant, Multiple Plants, Price Discrimination, Effects of Different Types of Taxation, Dead Weight Loss of Monopoly, Short-run and Long-run Equilibrium in Monopolistic Competition, Excess Capacity.

2. Oligopoly: Cournot, Bertrand, Edgeworth and Sweezy’s Models.

Unit - II

3. Factor Pricing : Marginal Productivity Theory of Distribution, Adding-up Problem, Monopolistic and Monopsonistic Exploitation, Economic Rent and Quasi Rent.

4. Welfare Economics : Concept of Pareto Optimality, Marginal Conditions of

Pareto Optimality, Optimality to Perfect Competition, Market Failure and Externalities.

Group-B Macroeconomics Marks - 60 Unit - III

1. Growth Models : Harrod-Domar, Solow, Technical Progress (Harrod Neutral, Solow Neutral, Hicks Neutral).

Unit - IV

2. Advances in Business Cycle Theory – Theory of Real Business Cycles, New Keynesian Economics.

3. Open Economy Models – Mundell-Fleming Model – Floating Exchange Rate

and Fixed Exchange Rate. Unit - V

4. Demand for Money – Liquidity Preference Theory, Square Root Formula of Transaction Demand for Money, Tobin’s Risk Aversion Theory.

5. Supply of Money - Definitions of Money Supply (M1, M2, M3, M4), Credit Creation by Commercial Banks, Money Multiplier, Instruments of Monetary Control of Central Bank.

Reference: Paper III GroupA:

1. Maddala and Miller – Microeconomics. 2. Pindyek and Rubinfeld – Microeconomics. 3. Varian – Intermediate Microeconomics. 4. Salvatore – Microeconomics. 5. Lipsay and Chrystal – Principles of Economics. 6. Gravelle and Rees – Microeconomics. 7. Ferguson and Gould – Microeconomic Theory Paper III Group B: 1. Jaydeb Sarkhel, Growth Economics, Book Syndicate Pvt. Ltd. 2. Mankiw, Macroeconomics, Worth Publishers. 3. Dornbusch, Fischer and Startz, Macroeconomics, Irwin McGraw-Hill.

Part II B.A./B.Sc. 3-Years Economics (Honours)

Paper – IV : Development Economics Full Marks – 100

Group-A : Economic Development Marks - 60

Unit-I

1. Meaning of Development – Broad Indicators of Development – International Comparisons – Distinction between Growth and Development – Economic Development and Human Development.

2. Stages of Economic Growth – Rostow and Marx. Unit-II

3. Problems of Labour Surplus Economy - Lewis Model & Its Criticisms – Nurkse’s Idea of Disguised Saving Potential – Concept of Labour Surplus (Disguised Unemployment), Sen’s Model – Labour Migration & Harris Todaro Model.

4. Development Strategy – Balanced vs. Unbalanced Growth – Choice of Technique in a Labour Surplus Economy.

Unit-III

5. Poverty and Inequality– Headcount Ratio, Poverty Gap, Sen’s Index of Poverty; Gini Coefficient, Coefficient of Variation and Economic Inequality. 6. Environment, Gender and Development – Concepts and Indicators of Sustainable Development, Environment Externalities and Market Failure,

Meaning and Implications of Gender Disparity in Work, Health and Education.

Group – B : Policies and Institutions Marks - 40

Unit-IV 1. Trade & Development – Trade as an Engine of Growth – Infant Industry

Argument of Protection – Prebisch-Singer Thesis & Terms of Trade Debate – Import Substitution and Export Promotion in LDCs – Role of FDI in Economic Development – Multinationals and Transfer of Technology, Role of Foreign Aid.

2. Planning for Development - Rationale for Planning, Role of the State, Market

Failure and Government Intervention, Decentralisation. . Unit V

3. Inequality and Development : Interconnections The Kuznets’ Curve Hypothesis – Empirical Evidences and Limitations (Ch. 7).

4. Rural Credit Markets, Theories of Informal Credit Markets, Interlinked

Transactions, Micro Finance (Ch. 14).

Reference : Paper IV

1. Jean Dreze and Amartya Sen, India : Development and Participation (CH. 7), OUP.

2. Rabindra N. Bhattacharya (ed.), Environmental Economics (Ch. 5 & 6), OUP.

3. Amartya Sen, On Economic Inequality, OUP. 4. Debraj Ray, Development Economics, OUP. 5. Mynt

6. Meier, Leading Issues in Economic Development, OUP

Part III B.A./B.Sc. 3-Years Economics (Honours)

Paper – V : International Economics and Public Economics Full Marks – 100

Group-A : International Economics Marks – 60

Unit-I

1. Production, Exchange and Trade: Concept of Indifference Curves and Production Possibility Curve, Autarkic Equilibrium, Comparative Advantage and Trade (Production and Taste Biases), Gains from Trade, Decomposition into Exchange and Specialization Gains.

2. International Equilibrium : Offer Curve Analysis Construction of Offer Curves, Determination of Terms of Trade at International Equilibrium, Stability of Equilibrium, Marshall-Lerner Condition.

Unit II

3. Technology, Comparative Advantage and Trade: Ricardian Model.

4. Factor Endowment, Comparative Advantage and Trade : Heckscher-Ohlin Model. Physical Factor Abundance and Heckscher-Ohlin Theorm, Effect of Trade on Income Distribution, Correspondence between Commodity and Factor Price Ratios and Factor Price Equalization Theorem – Stolper Samuelson Theorm, Leontief Paradox.

Unit III

5. Tariff – Prohibitive and Non-Prohibitive Tariffs, Specific and Ad Valorem Tariffs, Quota, Optimum Tariff Rate, Comparison of Tariff and Quota : Partial Equilibrium Analysis and General Equilibrium Analysis.

6. Exchange Rate and Devaluation :

Marshall-Lerner Condition, J-curve Phenomenon, Swan Diagram and Assignment Problem.

Group – B : Public Economics Marks – 40

Unit-IV

1. Economic Role of the State : Allocation, Distribution and Stabilisation Functions, Public (Social) Goods and Market Failure, the Samuelson Solution for the Optional Provision of Public Goods, Tax-Transfer Policies for Distribution, Instruments of Stabilisation.

2. Principles of Taxation : Ability to Pay and Benefit Approaches, Horizontal and Vertical Equity.

Unit-V

3. Direct and Indirect Taxation : Effect of Income Tax on Work Effort, Saving and Risk Bearing, Incidence of Sales, Excise Tax – Excess Burden of Indirect Taxation, Value Added Tax.

4. Public Debt : Internal and External Burden, Ricardian Equivalence between Tax and

Loan Finance.

Reference : Paper V 1. Bo Sodersten and Geoffrey Reed, International Economics

2. Krugman and Obstfeld, International Economics Theory and Policy,

Ch. 5 with Appendix. Ch 8, 13 3. Heller, International Trade.

4. Musgrave and Musgrave, Public Finance in Theory and Practice Ch. 1, 13, 17, 23, 30, 32

Part III

B.A./B.Sc. 3-Years Economics (Honours) Paper – VI : Indian Economic Problems and Planning

Full Marks – 100

Group-A : Structure of Indian Economy Marks – 40

Unit-I 1. Structural Changes in Indian Economy through National Income Statistics – Changes in

Occupational Patterns – Sectoral Distribution of Income. 2. Agriculture (A few selected problems) :

(a) Farm Size & Productivity, (b) Price & Average Elasticity of Marketed Surplus, (c) Green Revolution – Productivity, Employment & Distribution Aspects, (d) Land Reforms, (e) Government Intervention in Food Grains, (f) Globalisation & Indian Agriculture and (g) Problem of Credit – Institutionalisation of Rural Credit.

Unit-II

3. Indian Industry : (a) Evaluation of the Current Industrial Policy & the Exit Policy, (b) Growth & Stagnation of the Industrial Sector in the Sixties with Special Reference of Monopoly & Concentration in Indian Industry, (c) Licensing Policy, (d) Industrial Finance, (e) Public Sector : Role, Problems & Policies with Special Emphasis on Disinvestment.

4. Labour, Employment & Poverty : (a) Nature of Unemployment in India, (b) Types of

Unemployment, (c) Disguised Unemployment in Indian Economy, ((d) Measurement Problems of Unemployment, (e) Problems of Indian Trade Union Movement, (f) Different Estimates of Poverty & Eradication Programmes.

Group-B: Indian Economic Policy Marks – 60

Unit-III 1. History of Five Year Plan with Special reference to the 7th to 11th Plan : The

Objectives, Achievements and Financing of Indian Plans.

2. Monetary Policy & Plans : (a) Objectives of Reserve Bank of India’s Monetary Policy, (b) Monetary Policy in Recent Years, (c) Recent Problems in Nationalised Banks, (d) Money and Capital Markets in India and their Interaction, (e) Reforms in Banking and Insurance sector.

Unit-IV

3. Indian Tax Structure : Trends, Problems, Reforms, Centre-State Financial Relations.

4. The External Sector : (a) Balance of Payments : Problems and Policies in Recent Years, (b) Exim Policy of the Government.

Unit-V

5. Human Resource Development Indicators of Human Resource Development, Importance of Human Resource Development, The National Policy on Education, Health and Nutrition.

6. Infrastructure Energy, Energy Crisis, Energy Strategy, Transport and Communications.

Recommended Books : Paper VI Bimal Jalan, The Indian Economy : Problems and Prospects. Dutt & Sundharam, Indian Economy, S. Chand & Co. Misra and Puri, Indian Economy, Himalaya Publishing House. Uma Kapila, Indian Economy. Government of India, Economic Survey (Recent Edition). http://www.macroscan.com.

Part III

B.A./B.Sc. 3-Years Economics (Honours) Paper – VII : Econometrics and Mathematical Economics

Full Marks – 100

Group – A: Elements of Econometrics (Bivariate Analysis) Marks - 60

Unit-I 1. Analysis of Bivariate Data :

Bivariate Frequency Distribution – Bivariate Data and Scatter Diagram – Joint Probability Distribution – Idea of Independence – Marginal and Conditional Distributions.

2. Elementary Sampling Theory : Population and Sample - Parameter and Statistic – Random Sampling – Practical Methods of drawing Random Samples - Random Sampling Numbers – Sampling Distribution, Standard Error and the Central Limit Theorem (statement only) – Sampling Distributions Associated with Normal Population, Expectation and Standard Error of Sample Mean. The Chi-square Distribution, The Student’s ‘t’Distribution, The F-Distribution (definition and important properties only) – Concepts of Degrees of Freedom.

Unit-II

3. Classical Statistical Inference : Basic Concepts of Estimation – Desirable Properties of Estimators – Unbiasedness, Minimum Variance – Simple Methods of Point Estimation – Maximum Likelihood Estimators and their Properties - Maximum Likelihood Estimation of the Parameters of Binomial, Poisson and Normal Distributions – Confidence Interval – Testing of hypothesis – p-values – Type I and Type II Errors – Simple Application of Tests for the Mean and Variance of a Univariate Normal Population.

Unit-III

4. Association between Bivariate Data : (a) Analysis of Linear Correlation : Coefficient of Simple Correlation – Properties and

the Method of Calculation – Concept of Rank Correlation Spearman’s Rank Corrlation Coefficient.

(b) Simple Linear Regression : Specification of the Mode – Assumptions – Ordinary Least Squares (OLS) Estimation – Gauss Markov Theorem – Estimation of the Error Variance – Statistical Inference in the Linear Regression Model – Confidence

Intervals for the Estimated Parameters and the Testing of Hypothesis – Coefficient of determination – Prediction with the Simple Regression Model.

(c) Problems in OLS Methods – Analysis of Residuals – Heteroscadasticity and Autocorrelation Problem – First Order Autoregressive Process – Their Consequences (statement only : no proof) – Simple Diagnostic Test for Heteroscadasticity (the Goldfield-Quandt Test) and Autocorrelation (the Durbin-Watson Test) – Elementary Remedial Ideas : Weighted Least Squares and First Order Differencing.

Group – B : Mathematical Economics Marks – 40 Unit - IV

1. Integration and Dynamic Analysis : Techniques of Integration (Definite and Indefinite Integral) - Application. Application : Consumer’s Surplus, Producer’s Surplus and Present Value. First Order and Second Order Differential Equations. Application : Time Path of Price and Quantity in Competitive Markets, Time Paths of Income in Simple Keynesian Model, Stability Analysis, Time Path of Inflation, and Unemployment Rates, Solow Growth Model. First Order and Second Order Difference Equations. Applications : Cobweb Model, Samuelson’s Multiplier Accelerator Interaction Model.

2. Linear Programming : The LP Problem and Economic Interpretation of Duality.

Unit - V

3. Input Output Analysis : Structure of an Input output Model – the Open Model, the Closed Model, Price-Output Solution in an Output Model, Hawkins- Simon Condition and its Economic Interpretation.

4. Game Theory : Structure of Game, Pay-off Matrix, Two Person Zero Sum Game as a Linear Programming Problem, Non-zero Sum Game, Notion of Nash Equilibrium, Pure and Mixed Strategies, Prisoner’s Dilemma.

Recommended Books :Paper VII A Goon, Gupta & Dasgupta, Vol.II. Gujarati, Basic Econometrics. Recommended Books : Paper VII B Chiang, Mathematical Economics. Henderson and Quandt, Microeconomic Theory. Varian, Intermediate Microeconomics. Silberberg, The Structure of Economics : A Mathematical Analysis.

Part III B.A./B.Sc. 3-Years Economics (Honours)

Paper – VIII : Indian Economic History and Essay Full Marks – 100

Group – A : Indian Economic History Marks – 60

Unit – I 1. Impact of British Rule with Special Reference to :

(i) De-industrialisation, (ii) Commercialisation of Agriculture, the Theory of Economic Drain.

Unit – II 2. Aspects of British Imperial Policy :

(i) Land Policy, (ii) Railways and Irrigation. Unit – III

3. Aspects of British Imperial Policy : (i) Policy of Discriminating Protection, (ii) Early Industrial Development & Management Agency System, (iii) Currency and Monetary policy.

Group – B : Essay Marks – 40 There should be sixteen essays of which at least 50% must be from Indian Economics & Economic Development. .

B.A./B.Sc. 3-Years Economics (Honours)

Part I, Part II and Part III Recommended Books Paper I Group A 1. Maddala and Miller , Microeconomics: Theory and Applications 2. Pindyek and Rubinfeld, Microeconomics. 3. Varian, Intermediate Microeconomics. 4. Salvatore , Microeconomics. 5. Lipsey and Chrystal , Principles of Economics 6. Gravelle and Rees, Microeconomics. 7. Ferguson and Gould, Microeconomic Theory. Paper I Group B 1. Jaydeb Sarkhel, Macroeconomics 2. Mankiw, Macroeconomics. 3. Dornbusch, Fischer and Startz, Macroeconomics. 4. Rangarajan & Dholakia , Macroeconomics Paper II Group A 1. Goon, Gupta & Dasgupta, Fundamentals of Statistics Vol.I. 2. N.G. Das, Statistical Methods Vo. I & II 3 Nagar & Das , Basic Statistics Paper II Group B 1. Chiang, Mathematical Economics. 2. Henderson and Quandt, Microeconomic Theory. 3. Varian, Intermediate Microeconomics. 4. Silberberg, The Structure of Economics : A Mathematical Analysis.

Paper III Group A 1. Maddala and Miller , Microeconomics: Theory and Applications 2. Pindyek and Rubinfeld, Microeconomics. 3. Varian, Intermediate Microeconomics. 4. Salvatore , Microeconomics. 5. Lipsey and Chrystal , Principles of Economics 6. Gravelle and Rees, Microeconomics.

Paper III Group B 1. Jaydeb Sarkhel, Growth Economics. 2. Mankiw, Macroeconomics. 3. Dornbusch, Fischer and Startz, Macroeconomics. Paper IV 1. Jean Dreze and Amartya Sen, India : Development and Participation (CH. 7). 2. Rabindra N. Bhattacharya (ed.), Environmental Economics (Ch. 5 & 6). 3. Amartya Sen, On Economic Inequality. 4. Debraj Ray, Development Economics. 5. Hla Mynt Economics of the Developing Countries 6. Meier, Leading Issues in Economic Development.

Paper V 1. Bo Sodersten and Geoffrey Reed, International Economics 2. Krugman and Obstfeld, International Economics Theory and Policy, Ch.5 with Appendix. Ch 8,13 3. Heller, International Trade. 4. Musgrave and Musgrave, Public Finance in Theory and Practice, Ch. 1, 13, 17, 23, 30, 32 Paper VI 1. Bimal Jalan, The Indian Economy: Problems and Prospects. 2. Dutt & Sundharam, Indian Economy. 3. .Misra and Puri, Indian Economy. 4. Uma Kapila, Indian Economy. 5. Government of India, Economic Survey (Recent Edition). 6. http://www.macroscan.com.

Paper VII Group A 1. Goon, Gupta & Dasgupta, Fundamentals of Statistics Vol.II. 2. Gujarati, Basic Econometrics. Paper VII Group B 1. Chiang, Mathematical Economics. 2. Henderson and Quandt, Microeconomic Theory. 3. Varian, Intermediate Microeconomics. 4. Silberberg, The Structure of Economics : A Mathematical Analysis. Paper VIII Group A 1. Bipan Chandra, Rise of Economic Nationalism. 2. Dhires Bhattacharyya, A Concise Economic History of India.