Economic Syllabus

7/30/2019 Economic Syllabus

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DEPARTMENT OF ECONOMICS

NIZAM COLLEE (AUTONOMOUS)

OSMANIA UNIVERSITY, HYDERABAD

UNDERGRADUATE (B.A) SYLLABUS

WITH EFFECT FROM THE BATCH 2010-201 1

First Year (With Effect from 2010-2011)

SemesterI: PaperI: Mathematics for EconomistsSemesterII: PaperII: Statistics for Economists

Second Year (With Effect from 2011-2012)

Semester

III: Paper

III: Micro Economics

1SemesterIV: PaperIV: Micro Economics2

Third Year (With Effect from 2012-2013)

SemesterV: PaperV: Macro and Monetary EconomicsPaperVI: Public Finance and International Trade

SemesterVI: PaperVII: Development and Environmental Economics

PaperVIII : Indian Economy (From 2012-2013 under

Indian Economy Project Work is being Introduced for 20

Marks)

Approved by:

1. Prof. B Venkat Naik Chairman2. Prof, K. Pratap Reddy Member3. Prof. A. Nakula Reddy Member4. Prof. B. Narrayana Member5. Dr. B. Savitri Member6. Dr. I Daisy Member7. Dr. E. Pursushottam Member8. Prof. A,K Vasudeve Chary Expert MemberProfessor Dept. of Economics,

University College for Women, OU9. Prof. J. Manohar Rao

Professor of Economics University of Hyderabad, Expert Member

Hyderabad


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(With Effect from 2010-2011)NIZAM COLLEGE (AUTONOMOUS)

OSAMANIA UNIVERSITY, HYDERABAD

B.A 1st

YEARECONOMICS

SEMESTER-IPAPER-I: MATHEMATICS FOR ECONOMISTS

Module-I

Introduction and some Basic Concepts: - Importance of quantitative tools for economic

analysis- Uses and limitations of quantitative techniques in economic analysis Variable-Constants-Parameters-Coefficients, Equations and Identities-Types of Functions: Linear,

Quadratic and Cubic function.

Module-II

Matrices and Determinates:- The fundamentals of matrix algebra- types of matrix additionand multiplication-Matrix inversion-properties of determinants-Cramers Rule for solving

simultaneous linear equation.

Module-III

Differential Calculus:- Concept of derivative Rules of differentiation-Differentiation of

Algebric-Exponential, Logarithmic function- Maxima and Minima PartialDifferentiation.

Module-IV

Applications: - Demand, Supply function- Equilibrium Measurement of elasticity

Geometry of cost curves Consumptions function savings function Derivation of

Multiplier.

Reference:

1. A C Chiang .....Fundamental Methods of Mathematical Economics (IIIed)2. Caroline Dinwiddy Elementary Mathematics for Economists3. Arora and Bagga.. Mathematics for Commerce and Economics4. RGD Allen.. Mathematical Analysis for Economists5. Dowling. Mathematical Economics


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OSAMANIA UNIVERSITY, HYDERABAD

B.A IST

YEARECONOMICS

SEMESTER-II

PAPER-II: STATISTICS FOR ECONOMISTS

Module-I

Introduction to statistics: - Role of statistics in economics Introduction to data analysis:

Frequency Distribution, Histogram, Frequency Polygon, Types of frequency curves,

Lorenz curves.

Module-II

Measures of Central Tendency:- Introduction and meaning- Arithmetic Mean: Simple,

Computation and properties- median: Concept, computation and Properties- Mode:Concept and Uses of Geometric Mean and Harmonic Mean Merits and Demerits ofvarious methods of central Tendency.

Module-III

Measures of Dispersion:- Introduction and Meaning Measures of Dispersion: Range,

Quartile Deviation, Mean Deviation, Variance and Standard Deviation- Standard Deviation

of Combined seriesCo-efficient of Variation _uses and Limitations

Module-IV

Relationships:- Correlation Analysis: Concept, Meaning and Types of Correlation-Methodsof studying Correlation Karl Persons co-efficient of correlation- Rank Correlation-

Regression Analysis: Introduction, Simple Regression equation

Reference:

1. Agarwal, Bhardwaji and GuptaStatistics and Qantitave Techniques2. Gupta and Kapoor.Fundamental of Applied statistics3. SC Gupta..Fundamental of Statistics4. SP Gupta.. Elementary Statistics Methods5. G.S Monga..Mathematics and Statistics for Economics


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B.A II YEARECONOMICS

SEMESTER-III

PAPER-II: MICROECONOMICS-1

Module-IDefinitions of Economics and Micro Economics- Positive and Normative Science

Inductive and Deductive Methods Static and Dynamic AnalysisPartial and GeneralEquilibrium AnalysisNature and Scope of Micro Economics

Module-II

Utility Analysis: Diminishing Marginal Utility, Equi-marginal Utility Law of Demand,Elasticity of Demand: Price, Income and Cross, Measurement of Elasticity of DemandIndifference Curve Analysis: Definitions, Properties of Indifference Curves, Budget Line,

Consumer Equilibrium, Price Effect, Income Effect, Substitution Effect Consumers

Surplus

Module-III

Theory of Production: Law of Diminishing Returns, Three Stages of Law of VariableProportions Isoquant Analysis, Properties, Optimum Input Combinations, Expansion

Path, Returns to Scale, Ridge Lines

Module-IVCost Analysis: Money Cost, Real Cost, Opportunity Cost, Fixed Cost and Variable Cost,

Short and Long Run Curves, Total, Average and Marginal Cost Curves, Technical and Non

Technical Economies and Diseconomies, Advertisement and Promotional CostRevenueanalysis: Total Average and Marginal Revenue CurvesLaw

Reference:

1. Richard G. Lipsey: An Introduction to Positive Economics2. Koutsoyonis: Modern Micro Economics3. Stoneier and Hague: The Text Book of Economic Theory4. Mansfield: Micro Economics5. Dominic Salvatore: Micro Economic Theory6. Bell & Tadoro: Economic Theory7. W. J Baumol: Economic Theory and Operation Analysis8. K.C. Roy Choudary: Micro Economics9. Henderson & Quandt: Micro Economic TheoryA Mathematical Approach10.Richard H. Leftwich: The Price System and Resource Allocation11.George J. Stigler: They Theory of Price12.H.S Agarwal: Advanced Economic Theory13.Watson D C: Price Theory and Its Uses14.Chopra P N: Micro Economic Theory and Welfare Economics


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(With Effect from 2011-2012)

NIZAM COLLEGE (AUTONOMOUS)


B.A II YEARECONOMICS

SEMESTER-IV

PAPER-IV: MICRO ECONOMICS-2

Module-IPerfect Competition: Condition for Perfect CompetitionShort and Long Run Supply

Curves of the Firm and IndustryEquilibrium of the Firm and IndustryPrice and Output

determination in the Short run and long run period, Monopoly: Price and output

determination in short and long runPrice Discrimination

Module-II

Monopolistic Competition: Equilibrium of the Firm Duopoly: Cournot, EdgeworthModelsOligopoly: Cartels, Price Leadership, Kinked Demand Curve, Basing Point,

Penetration Price, Price Skimming

Module-IIIInput Pricing: Marginal Revenue ProductInput Demand and SupplySupply of Labour

Product Exhaustion TheoremFactor Rewards: Wages: Demand and Supply Theory of

wages, Subsistence Theory

Module-IV

Welfare Economics: Definition and Measurement of WelfarePareto Efficiency Production Possibility CurvesSocial Welfare FunctionHicks-Kaldor Compensation

Criteria

Reference:

1. Richard G. Lipsey: An Introduction to Positive Economics2. Koutsoyonis: Modern Micro Economics3. Stoneier and Hague: The Text Book of Economic Theory4. Mansfield: Micro Economics5. Dominic Salvatore: Micro Economic Theory6. Bell & Tadoro: Economic Theory7. W. J Baumol: Economic Theory and Operation Analysis8. K.C. Roy Choudary: Micro Economics9. Henderson & Quandt: Micro Economic TheoryA Mathematical Approach10.Richard H. Leftwich: The Price System and Resource Allocation11.George J. Stigler: They Theory of Price12.H.S Agarwal: Advanced Economic Theory13.Watson D C: Price Theory and Its Uses14.Chopra P N: Micro Economic Theory and Welfare Economics


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B.A III YEARECONOMICS

SEMESTER-V

PAPER-V: MACRO AND MONETARY ECONOMICS

Module-I

Definition and Scope of Marco EconomicsNational Income Concept: GDP, GNP, NNP,PI, DI, PCI Real IncomeMeasurement of National Income: Production Method,

Income Method, Expenditure MethodSocial AccountingNational Income as In Index of

Welfare

Module-II

Theory of Employment: Says Law of Market Keynes Theory of Employment: EffectiveDemand Consumption Function Factors Influencing Consumption Function

Multiplier and Investment FunctionsMarginal Efficiency of Capital and Rate of InterestLiquidity Preference TheoryApplicability of Keynesian Theory to UDCsIS-LM Curves

Module-III

Meaning and Evolution of MoneyFunctions of MoneyEvolution of Paper Currency

SystemPrinciples of the Note IssueValue of MoneyQuantity Theory of Money: CashTransactions Approach Cash Balance ApproachFriedmans Restatement of theQuantity Theory of MoneyInflation: Causes, EffectsTheories of Inflation: Demand

Pull, Cost Push and Structural InflationMethods of Controlling InflationInflationaryGap

Module-IVBanking: Functions of Commercial BanksCredit Creation and its LimitationsRole ofCommercial Banks in Developing CountriesCentral Bank: Functions Central BankCredit Control by Central BankQuantitative and Qualitative Methods of Credit Control

Monetary Policy: Objectives and Role of Monetary Policy in Developing Countries

Reference:

1. Stone & Stone: National Income Accounting2. Shapiro: Macro Economics3. Acklay G: Macro Economics4. Derenberg & Mc. Dougal: Macro Economics5. Hansen: Guide to Keynes6. M L Seth: Money, Banking and Trade7. M C Vaish: Money, Banking and Trade8. M C Vaish: Macro Economics


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SEMESTER-V

PAPER-VI: PUBLIC FINANCE AND INTERNATIONAL TRADE

Module-I

Nature and Scope of Public FinancePublic Versus Private FinanceObjectives of Fiscal

PolicyPublic Revenue: Sources of Public RevenueTaxationDirect, Indirect,

Progressive, ProportionalPrinciples of Taxation: Benefit ApproachAbility to Pay

ApproachIncidence of TaxationImpact of TaxationShifting of TaxationCanons ofTaxationEffects of Taxation

Module-II

Public Expenditure: Causes for Increasing Public ExpenditureCanons of PublicExpenditureEffects of Public ExpenditurePublic Debt: Classification of Public DebtCauses for Increase in Public DebtMethods of Redemption of Public DebtEffects of

Public DebtDebt TrapBudget: Balanced and Unbalanced BudgetConcepts of

Budget Deficits

Module-III

Theories of Trade: Ricardo Comparative Cost Theory Factor EndowmentsHecksherOhlinExchange Rate Theories: Mint Parity Purchasing Power ParityBretton Woods

SystemFloating Exchange RatesBalance of Payment: Balance of TradeBalance of

PaymentDisequilibrium in Balance of PaymentsCauses and Corrective Measures

Module-IV

Growth and Composition of Foreign TradeTrade PoliciesEXIM BankExport

Processing ZonesIMFWBUNCTADGATTWTO

Reference:

1. Stone & Stone: National Income Accounting2. Shapiro: Macro Economics3. Acklay G: Macro Economics4. Derenberg & Mc. Dougal: Macro Economics5. Hansen: Guide to Keynes6. M L Seth: Money, Banking and Trade7. M C Vaish: Money, Banking and Trade8. M C Vaish: Macro Economics


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SEMESTER-VI

PAPER-VII: DEVELOPMENT

ANDENVIRONMENTAL ECONOMICS

Module-IMeaning and Definition of Economic DevelopmentDistinction between Economic

Growth and Economic Development Objectives and pre-requisites of Economic

DevelopmentMeasurement of Economic DevelopmentIndices used, GNP, PCI, BasicNeeds, PQLI and HDI

Module-II

Rostows stages of Economic GrowthLewis Theory of Unlimited Supply of Labour

Leibensteins Minimum Effort ThesisRodans Big Push TheoryRagnar NurksesBalanced Growth StrategyHirschmans Unbalanced Growth StrategyChenerys

structural Shifts. Development PolicyChoice of goods and choice of techniquesReinvestment CriteriaTime Preference Criterion

Module-III

Concept of Capital and Capital FormationStages of Capital FormationReasons forLow Capital Formation in LDCsVicious circle of PovertyUnemployment: Types,

causes, Consequences of it in LDCsHuman Capital: Meaning and Components

Population and Economic DevelopmentDemographic Transition Theory

Module-IV

Economic Development and Environment: Basic IssuesConcepts of SustainableDevelopmentTraditional Economic Model of EnvironmentTypes of PollutionEnvironment use and Environment disruptionValuation of Environment damages to

Land, Water, Air and ForestPrevention and Control of Environmental damagesTechnology and EnvironmentResource Depletion

1. Meier and Baldwin.Economic Development: Theory, History, Policy2. Benjamin Higgin.....Economic Development3. M. Tadaro & S. Smith.Economic Development4. Meier and Rausch .. Leading Issues in Economic Development5. M. L Jhingan...Economic of Development and Planning6. R. K Lekhi...... Economic of Development and Planning7. S.K Misra & V. K Puri... Economic of Development and Planning8. AN Agarwal... Economic of Development and Planning9. I. C. Dhingra...The Indian Economy: Environment and Policy10.R. N Bhattacharya..Environmental Economics: An Indian Perspective11.Jhingan, Bhatt & Desai..Demography12.Pavitram.Environmental Economics


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SEMESTER-VI

PAPER-VIII: INDIAN ECONOMY

Module-I

Basic features of Indian EconomyNatural Resources: Land, Water, Forest Resources

Indias Population: Size, Growth, Composition, TrendsPopulation PolicyRural Urban

MigrationOccupation DistributionIndias National Income

Module-II

Trends in agriculture production and productivityFactors determining productivity

Reasons for low ProductivityNew agriculture strategyGreen RevolutionRural

CreditAgriculture Marketing: Stages, problems, suggestionsAgriculture price policyAgriculture Infrastructure and food security

Module-III

Growth of Indian Industry since IndependenceIndustrial Policy of 1956 and 1991Post1991 Policy ReformsSmall scale industries growth, problems and measuresPublic Vs.

Private Sector enterprisesIndustrial sicknessIndustrial financeRole of multinational

corporationsDisinvestment Policy in IndiaFERAFEMASpecial Economic Zones

Module-IV

Planning in India: Eleventh Five Year Plan, Objectives, targets, allocationsEconomic

Reform: Liberalization, Privatization and globalization in IndiaInfrastructure: Economic

Infrastructure: Transport, Power, Banking, CommunicationsSocial Infrastructure,

Education, Health

In Indian Economy Paper Project Work is being Introduced for 20 Marks

Reference:

1. R. K Misra & V. K. Puri....Indian Economy: Its Development Experiences2. A.N. Agarwal..... Indian Economy3. KPM Sundharam & Ruddar Dutt. . Indian Economy4. P.K. Dhar.....Indian Economy5. Pramit Choudary.... Indian Economy6. R. L. Lekhi.Economics of Development and Planning

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Economic Syllabus