U.O.No. 618/2018/Admn Dated, Calicut University.P.O, 14.01.2018

Ajitha P.P

Joint Registrar

Forwarded / By Order

Section Officer

File Ref.No.7251/GA - IV - B1/2013/CU

UNIVERSITY OF CALICUT

AbstractMaster of Arts (MA) Economics Programme -CCSS-Revised Syllabus with effect from 2018 admission onwards-Approved-- Orders issued.

G & A - IV - B

Read:-1) Minutes of the BoS Dated: 08.12.2017.2) Minutes of the Faculty of Humanities Dated: 19.12.2017.3) Minutes of the Academic Council Dated 23.12.2017.4) Orders of the Vice Chancellor in File of even no. Dated 09.01.2018.

ORDER

Vide paper read as first above, the Syllabus of the Master of Arts (Economics) Programme finalisedand approved by the Board of Studies in Economics PG with effect from 2018 admission onwards.

Vide paper read as second above, the Faculty of Humanities approved the syllabus of the Master ofArts (Economics) Programme as approved by the Board of Studies in Economics PG.

Vide paper read as third above, the Academic Council held on 23-12-2017 resolved to approve theMinutes of the Meeting of the Faculty of Humanities alongwith the Boards of Studies coming under theFaculty.

Vide paper read as fourth above, sanction has been accorded by the Vice Chancellor to implement theresolutions of the Academic Council.

Sanction has, therefore, been accorded to implement the Syllabus of the Master of Arts (Economics)Programme with effect from 2018 admission onwards.

Orders are issued accordingly.

( Syllabus appended)

ToThe Principals of all affiliated colleges.

Copy to:

PA to CE/EX IV section/EG section/JCE V/DR PG Branch/DirectorSDE/SDE Exam Wing/System Administrator with a request to upload the syllabus in theUniversity website/GA I F section/Library/Enquiry/SF/DF/FC/

DTPIRIMIIII lll TGll]IllMIGSU]IIUTRSIIYll] GA1ICUI

REVISED SYLLU\BI OFM.A. ECONOMICS (CCSS)

2018 ADMISSION

SGHEME AND FORMAT OFMODEL QUESTION PAPER

q;fr

M.A. ECONOMTCS (CCSS) 20lg ADMTSSTONSCIIEME OF THE PROGRANTME

Semester I Name of the paper CreditHr0urs

Totalhours

Total WeiehtLecturehours

I SeminarI hor..

External* Internal

I CoreCoursel-ECOlC0lMicroeconomic Theory andPolicy-I

4 70

70

70

70

20 90 80 2a

Core Course II - ECOIC0,Macroeconomic Theory and

-teUqv

4 20 90 80 20

Core Course III -ECO1C03Mathematics for Economics 4 20 90 80 20

Core Course fV -ECOIC04Indian Economy -problems andPolicies

4 20 90 80 20

II Core Course V- ECO2C05Microeconomic Theory andPolicy-Il

4 70 20 90 80 20

uore Uourse VI - ECO2C06Developments in ModernMacroeconomics

4 70 20 90 80 20

Core Course VII- ECO2COTStatistics for Economics 4 70 20 90 80 20

Core Course VIII-ECO2C08-International Trade -Theory andPolicy

4 70 20 90 80 20

Core Course IX -ECO2C09Public Finance and policv 4

4

4

4

70 20 90 80 20III CoreCourseX-ECO3CIO

Basic EconometricsCoreCourseffiResearch Methodology and

I

Qomputer Applications I

Core Course XII -ECO3C12 lEconomics of Growth and I

Development I

70 20 90 80 20

70 20 90 80 20

70 20 90 80 20

-E recttve course I-ECO3E0 1

Agricultural Economics 4 70 20 90 80 20

Elective course II-ECO3E02Political Economy of Development 4

4

70 20

20

90 80 20IV Elective course III* 70 90 80 20

Elective course IV* 4 70 20 90 80 20Elective Courses - Two* 8 70 20 90 80 20Valuation of Dissertations 4Viva Voce 4TotaI 72

Note: *Viva voce based on the Dissertation - 2 credits* Viva Voce based on the 16 courses taught for the four rsemesters (general viva) - 2 credits* Two Elective Courses are to be selected from the list of 5 orptiona pa[".. appended.

List of Elective Courses

1. Elective course I - ECO4E03 - Applied Econometrics2. Elective course II - ECO4E04 - Bnvironmental Economics3. Elective course III - ECO4E05 - population and Drevelopment4. Elective course [v - ECO4E06 - Industrial Econornics5. Elective course v - ECO4E07 - Indian Financial system

Components of Internal Evaluation

Component Vtarks

A Assignment 4

B Seminar 5

C Attendance 3

D Test Paper 8

Components of External Evaluation

Part A (Objective type euestions)10 multiple choice questions

(10 questiolrs x I mark each: l0 marks)

Part B (very short answer questiorns)Answer in one or two sentences each

Out of 8 questions answer any 5 questions(5 questions x 2 marks each: l0 marks)

Part C (Short Answer Type questio,ns)Out of 12 questions answer any g questions

(8 questions x 5 marks each:40 marks)

Part D (Essay Type questions)Out of 4 questions answer any two questions

(2 questions x l0 marks each:20 marks)

Total:80 Marks

MA ECONOMICS (CCSS) 2018 ADI\,rrssroN

Syllabus

.ICore course Course code Title of the Paper Credits

I ECOlCOl Microeconomic ltheory andPolicy - I 4

II ECO1CO2 Macroeconomic ltheory andpolicy 4

III ECOlCO3 Mathematics for Economics

-

Indian Economy -- problemsand Policies

4

IV ECOlCO4 4

M.A. Economics (CCSS) - 201S Admission

Semester - ICore Course - I

ECOICOI - Microeconomic Theoryhnd poticy - I(Credit 4)

Module I Risk and UncertaintyP'ohability and variability in measuring risk, preference torvards risk, reducing risk, risk.)r Lrlrlium' Risk pooli!

- and risk spreading- trade off b.t*..n risk and return, investor,s choiceproblem' Neumann Morgenstern, Fledman - Sava ge & Ma.rkowitz hypotheses. Bernoullihypothesis- St' Petersburg paradox. Behavioural Eco"nomics - reference points, fairness, thelaws ofprobability.

Module II Recent Developments in Demand TheoryBandwagon Snob and veblen effects- characteristic approach of Kelvin Lancaster- constantelasticity demand functions -Dynamic versions or oemano functions-Nerlove, Houthakker andTaylor- Linear expenditure system-Estimating demand functions and demand forecastingmethods.

Module IrI Production and Costs

Linear, homogeneous production fu_nction, cobb-Douglas anrJ cES production Functions,Technical progress and production function - Transrog production fur.ri;';;J;;';;;functions - Empirical cost functions - shapes of cost.u*., - Great cost controversy. short runcosts- Long run costs-Engineering costs-Eionomies of scope_ Learning curve.

Module IV Oligopoly MarketsCharacteristics of Oligopoly, Noncollusive models-Cournot, Bertrand,s and Chamberlin.Kinked dernand tY,.: Stackelberg's model. collusive models- cartels- price signaling andPrice leadership' Dominant firm model. Theory of limit pricing-Models of Bain,sylos-Labini,Modigliani, Bhagwati and Pashigian- Managerial theories of the firm-Baumol, Marris,Williamson.

Module V Theory of Games

Cooperative versus non-cooperative game- Zero sum versus non- zero sum game- prisoner,sdilemma- Dominant strategies- Maximin Strategies and Mixed strategies- Repeated games-Sequential games- saddle point. Nash equilibriuri

Total Hours: 90Lecture Hours:7O

Seminar Hours:20

Sussested Readines:

I ' william J' Baumol: "Economic Theory and operations Anarysis,,.4 edn. pHI2' Koutsoyiannis - Modem Microeconomics, Ed. 2, MacMillan, r,ondon 1979.

3' Da costa GC - value and Distribution, Ed. 2,Himalayapublishing House, Delhi, 1992.4' Pindyck - Rubinfeld & Mehta, Microeconomics, Ed. 6, pearson, Delhi 2009.5' Dominick salvatore - Microeconomics: Theory & Appiications,, Ed.4, oxford, New Delhi, 2006.6' Hal R varian - Intermediate Microeconomics: A Modern Approach, Ed.7, Affiliated East-westPress, New Delhi, 2006.7 ' Maddala G S and Ellen Miller - Microeconomics: Theory and lpplication, Tata Mc Graw Hill,New Delhi,2006.8' Dietrich' Michael' Transaction cost economics and beyond: Toward a new economics of the firm.Routledge,200g.

9' liJtl''

Thomas M'Microeconomic theory; concepts ancl apprications.yol.l. st. Martin,s press,

10. David M. Kreps -Microeconomics forManagers, w.w. Norton, New york, 2004.I 1. Blaug, Mark. Economic theory in retrospe*. cambridge university press, r 997.

M.A. Economics (CCSS) - 201g Admission

.*t';*i::,_',ECOICO2 - Macroeconomic Theory and polic;y

(Credit 4)

Total Hours: 90Lecture Hours:70

Seminar Hours:20

Module I: Data and Measurement of Macro Economic Aggregates in rndiaData and measurement of National Income aggregates, inllation, unemployment, export,import, Balance of Trade and Balance of paymeniil a-

Module Ir: Behaviourar foundations of Macroeconomicsutrnsumption Function: Keynes Psychological Law, Kumet,s consumpti on puzzle,Fisher,sinter-temporal choice Modll, Permanent Income Hypothesis, Life cycle Hypothesis andRelative Income Hypothesis, Investment Function,

- Neo-Cllassical rheory of Investment,Stock Market and robin's q-ratio, Accererator Theory of Inveshnent.

Module III: Demand for and Supply of MoneyDemand for Money: Keynes Liquidity Preference Theory, Friedman,s Restatement of euantityTheory of Money, Baumol's Inventory Theory, port eorio Balnnce Theory, Liquidity Theory(Radcliff Saver's version & Gurley and Shaw v..rionj, ffi; "i ii;r.r, The paymentsystem, Measures of Money supply, The H Theory of Money supply.

Module IV: Macroeconomic Equitibrium and policy

one sector Neo-classical Model, one sector Keynesian Model, Goods market and IS curve,Money market and LM curve, IS-LM Generai eluiiiu.iu.,.Three *rio, IS-LM Model,concepts of Aggregate Demand and Aggregate Supply, IS-L.M analysis in open economyframework' Effectiveness of Monetary and Fiscai policy using IS-LM framework,unemployment and Labour Market: Demand for labour and sr:pply of labour, Neo classicaland Keynesian labour market, wage rigidity versus i;A; flexibility.

Module V: Theories of Business Cycles

Hawtrey's Monetary Tfreory, Hayek's over Investment Thec,ry, Schumpeter,s InnovationTheory, Multiplier Accelerator Theory, Kaldor's Model of trade <:ycle,poiiii.ur Business cycleTheory.

Sussested Readinss:l. Mankiw, N. Gregory. "Macroeconomics Worth publishers.,, (ZO0Z).2. Froyen, Richard T. (2005) 'Macroeconomics; Theories and policies3' Snowdon, Brian, and Howard R. vane. Modern macroeconomics;

current state. Edward Elgar publishing, 2005.

10.

11.

t2.13.

t4.15.

', Pearson (LPE), seveth ed.its origins, development and

4' Levacic' Rosalind' Macroeconomics: an introduction to ke,ynesian-neoclassical controversies.No. 339.2 U.1982.

5. Samuelson and Nordhaus (199g)'Macroeconomics,,l6th ed. jkwinMcGraw hill6' Phelps, Edmund s' seven schools of macroeconomic thoughr; the Arne Ryde memorial lectures.Vol. l. Oxford University press on Demand, 1990.7 ' Dombusch' Rudiger; Stanley Fisher and Richard startz (2004) , Macroeconomics, , Tata Mc

Graw Hill, 9th ed

8' Plosser, charles I. "understanding real business cyc,les.,, The Journal of EconomicPerspectives 3.3 (1989): 5l_77.Heap, Shaun P' Hargreaves. "The New Keynesian Macroeconomics.', Bool<s (lggz). Time, Beliefand Social Independence,, Edward Elgar publishingD' Souza, Errol (2008), Macroeconomics,, pearson

Harcourt C'(ed), (1997) The Micro Economic Foundations of Macro Economics, Macmillan.Junekar P.N, (1972), Investment, Theories and Evidence, Maonillan.Fred R Glahe, (1985) Macro Economics Theory and Policy, Hsrcourt publishers, New Delhi.Veneries and Sebold, (1977) Macroeconomics, Models and policies, John Wiley & Sons.Gibson, william E. Kaufrnan, George G. william E. Gibson, :md George G. Kaufinan . Monetaryeconomics: readings on curuent issues. No. 332.4/G44m. l97l.16. Gurley, John G. Money in a Theory of Finance.The Brookings rnstitutio n, 1970.17' Laidler, David EW, and J. Michael Parkin. "lnflation: a survey." Surveys of Applied Economics.Palgrave Macmillan IJK, 1977. 169_237 .

l8' Gupta, Suraj B. Monetary Economics (institutions, Theory And policy).S. Chand, 19g2.

M.A. Economics (CCSS) - 20lg Admission

Semester ICore Course - III

ECOI C03- Mathematics for Economics(Credit 4)

Module I Matrices, & Determinants

Total Hours: 90Lecture Hours:70

Seminar Hours:20

Definition, Types of matrices - operations of matrics - Determinants - properties ofdeterminants - Minors and co factors - Ad joint of a matrix - Inverse of a matrix - Rank of airiit'i'r - Solution of a syste- 9f linear equations ,ri"g--utii;l c.u-.r,s rule -characteristic equations - characteristic roots - appri..ti"ns in e,conomics.

Module II Applications of Differential CalculusApplications - Rate of change and the derivative - Derivative and slope of a curve. Rules ofdifferentiation involving functions of different variables, partial uJ iotur differentiation,differentials and derivative, differentials and point eiasticity, Total derivatives, Economicapplications of Partial and Total Differentiation, bifferentials

Module trI Optimaationand Integrationunconstrained maxima and minima w_ith single explanatory variable and its applications.optimisation with equality constraints, Lagranle vrur't$rier method. Methods of integration,Integration by parts - Definite integral, ireairnder u^.r*. -.estimation of producers andconsumers surplus

Module tV Differential and Difference EquationsFirst order Differential equations - Definitions and concepts, general formula for Differentialequations - Economic applications - Differential equations foi limited and unlimited growth.First order Difference equations - Solution of first order difference equations - Generalformula for First order Linear Difference equations, applications - stability conditions, cobbWeb model.

Module v Probability and probability DistributionsConcepts - Set theory, Permutations and Combinations, DefinifiLons of probability - classical,empirical and axiomatic approaches - Addition and multiplication laws, conditionalprobability - Bayesian probability - Bay's theorem, Random variables - probability functions -Mathematical expectation - moments - Two random variables, joint, rnri-rgrrur and conditionalprobability functions, expectation of two random variables.

Yamane, Taro' Statistics: An introduction analysis. Harper & Row, 1973.Heinisch o' "Hoel, PG: Introduction to Mathematical statistics. John wiley & Sons, London undNew York 1965. xI+ 42g s., preis s 42,-.u Biometricar Joumal 9.r (1967):59-59.RGD Allen Mathematical Analysis for economicsTulsian' P' c' Quantitative techniques: theory and problems. I,earson Education India, 2006.Gupta, S. P. "Statistical Methods, Sultan Chand & Sons, New Delhi, pp.,, El0 (19919: l_61.Hooda, R.P. statisticsfor business and economics.vikas publishing House , rgg4.Alpha c chiang: Fundamental methods of Mathematical Eco,omics, 2nd Ed. - Inter NationalStudent Edition, Mc GrawhillDowling' Edward T' "schaum's outline of theory and problem;s of introduction to mathematicaleconomics." (2001).

Baruah' Srinath' "Basic Mathematics and its Application in Economics.,, (1). Mc Millian lrdiaLtd.

Joseph K.X, Quantitative Techniques, cuccs Ltd, calicut Urdversity.

Susgested Readinss:

1.

2.

3.

4.

5.

6.

7.

8.

9.

l0

M.A. Economics (CCSS) - 20lS Admission

Semester ICore Course - IV

Ecolc,4 - Indian Economy - probrems and policies(Credit 4)

Total Hours: 90Lecfure Hours:70

Serninar Hours:20

Module r Growth and structural change of rndian Econom5rGrowth and Sector-wise contribution to GDP and Emproyment - Distribution of national" 'r"!re among factors of production - Regional dirpdy in growth-anJ d.relop*ent. HDIrui.rlod indicators in India, Millennium DevJopmrnt coutr.

Module If Economic planning in Indiaobjectives of planning - achievements of planning - agngultur:al development under plans -industrial development under plans - foreign t.adJundei plans - infrastnicture under plans -social sector under Five Year Plans - lnclusiveness in Five v.- pluns- poverty andunemployment. Transition from planning commission io Nru ArogModel III Economic Reforms since l99lBackground of reforms - macroeconomic stabilization and struclural adjustment prograrnme -major policy changes - industry since reforms - agric.rltrre sinr:e reforms - social sector andreforms - trade sector and reiorms - financial ictor & refc,rms - foreign investment &:ffH::ffi:':ce

reforms - fiscal policv t ..ro.-, : poverty. unemployment & inequaliry

Module IV Kerala Economy: Growth and StructureStrucfural change of Kerala Economy since the formationDevelopment Agricultural perf.ilmance IndustrialInfrastrucfure - power, Road, Water and Air t.unrport,Education

of the state - Kerala moclel ofperformancr Development of

Tourism, Banking, Health and

Module V Development fssues of Kerala EconomyMigration and Foreign remittance - Economic Impact of Gurf emigration on Kerala Economy.Inter-state migration, State Finance - Fiscal aencit and public debt. Decentrali zation -Achievements and second generation issues of Deceniralizatiort - Urbanisation - Trend,Pattern, causes and consequences.

Suggested Readinss:l' Joshi' vijay' and Ian Malcolm David Little. India; Macroecona,mics and poriticat economy, 1964-I 99 I . WorldBank publications,

I 994.2' Kapila' Uma' ed' Indian economy since independence.Academic Foundation, 2009.3' Joshi' vijay, and Ian Malcolm David Little. Inclia's economic rq;forms, lggl-200l.oxfordUniversity press, I 996.4' Dandekar' v' M', and Nilkantha Rath. "Poverty in India, Indian School of political

Economy'" Pune. First published in Economic and political we,;kly 6.1 (lg7l).5' Kumar, Sanjeev. Foreign Direct lnvestment in hrdia. BR pub., r996.6' i#i.'.,o*-anyan,

selected Issues in Development Economics, oxford university press, London,

7 ' ffiutt'

Jagdish' In defense of globalization: with a new afterword. oxford university press,

8' lJtJ;*""va

K' "open EconomyMacroeconomic Themes for.[ndia,.,,Macroeconomics (1995):

9. Singer, Hans Wolfgang, Neelambar Hatti, and Rameshwar Tand,rn. Trade liberalization in the1990s. Vol. 8. Indus publishing, 1990.l0' Bhagwati' Jagdish N', and Thirukodikaval Nilakanta Srinivasan. ,,Foreign

trade regimes andeconomic development: lndia.,' NBER Books (tg7 5).11' Ahluwalia' Montek S' "Infrastructure development in India's reforms.,, lndia,s Economic Reformsand Development: Essays for Manmohan Singh (199g).

12' KR Guptpa (Ed), Liberalization and Globali zation of Indian Er:onomy, Atlantic publishers, NewDelhi 1995

l3.Lal, Deepak. Unfinished business: hdia in the1999.

world econom\/. Oxford University press, USA,

14' Prakash' B' A' Kerala's economic development: issues and protrlems. Sage publications pvt. Ltd,

15' Mathew' Elangikal Thomas' Employment and unemployment in Kerala: some negerected aspects.Sage Publications pvt. Ltd, lgg7.l6' Dr' S Murthy, Structural Reforms of Indian EconomyAtlantic publishers, 1995.17' Kurien, christopher Thomas. "Poverty, planning and social transfirrmation.,,(197g).18' Sinha' Radha' "Poverty, unemployment and development policy: A case study of selected issueswith reference to Kerala:(New York: United l.Iations, I)epartmer.L of Economic and Social Affairs,1975,235 pp. $ US 9.00)." (1977):271_273.19' George' K' K' Limits to Kerala Model of Development: An analysis of fiscal crisis and itsimplications. Centre for Development Studies, 1999.

MA ECONOT\{rcs (ccss) 2018 ADMTSSTON

Syllabus

Semester - II

Core course Course code Title of the JPaper Credits

4V ECO2COS

Microeconomic I'heory and

Policy -.lI5;Arp-."tr i., M"d.."

MacroeconormicsVI EC02C()6 4

VII ECO2COT Statistics for Economics 4

VIII ECO2COSInternational Tradte - Theory

and Policy

Public fi.rurr.*r*"r"

4

Ix EC02CO9 4

M.A. Economics (CCSS) - 20lg Admission

Semester IICore Course - V

ECO2C05 - Microeconomic Theory and policy _ II(Credit 4)

Module I Input Output Analysis and Linear programmingInput-output analysis-Technical coefficients-Hawkin-simon condition-Leontief s open system-

' td system' Formulating a linear programming model, Dua.l problem -simplex method -'rransportation problem - North west corner solution - Application of Linear programmingand Transportation solutions in Micro Economics - Vogel's aipro*imation method.

Module II Theories of DistributionMarginal Productivity theory, Euler's theorem and adding up controversy, Ricardian model,Kaldor model

Module III Generat EquilibriumInter-related markets,

-General equilibrium of exchange, equity and effrciency (the utilitypossibilities frontier) General equilibrium of production, prc,duction possibilities frontier.walra's Law - Concepts of numeraire, auctioneer, groping,-re,cundant Jquation under bartersystem and with money.

Module tV Welfare Economics

Pareto optimality - Social welfare function-grand utility frontier.-Kaldor-Hicks compensationcriterion- Scitovsky criterion-Theory of seiond best--Arrow's impossibility theorem-Rawlslheov of justice-!1r't theory of welfare. Externalities, public Goods and market failure-Market failures and pareto efficiency.

Module V Economics of InformationSearch cost-Searching for the lowest price-Search and advertisr.ng, Asymmetric information,Akerlof s model of lemons, Insurance markets, market signalirLg, moral hazard and adverseselection, principal - agent theory, The efficiency wage theory, williamson,s model oftransaction cost.

Total Hours: 90Lecture Hours: 70

Seminar Hours: 20

Suesested Readings:

't' Baumol, william J. Economic theory and operations analysis. Irtro. 04; HBl7r. 5, 83 196r2' Dorfman' Robert' Paul Anthony iu-u"t.or, urJ *"0"n M. sorow. Linear programming andeconomic analysis. Courier Corporation, I 95 g.3' Kundu' Amitabh' Input-output frarnework and economic analysis. centre for the Study of RegionalDevelopment, Jawaharlal Nehru University, I 976.4' RGD Allen- Mathematical Analysis for Economics, ELBS & I\Ic Millan, London,l9745. Pindyck, Rubinfeld, and D. L. Rubinferd. ,,Mehta: MicroeconorrLics.,,Education Asia.6' Dominick Salvatore - Microeconomic Theory and Apprications, oxford, New Delhi , 20067' David M Kreps - Microeconomics forManagers, ww-Norton, I\Iew york,2004.8'

f;;:"'Thomas M'Microeconomic theory; concepts and appl,ications.yol.l. St. Martin,s press,

\l James M' Henderson and Richard E. Quandt, Microeconomic'lheory-A Mathematical Approach,19s8. (1960): 112_1 18.

M.A.Economics (CCSS) - 20lg Admission

Semester IICore Course - VI

ECo2c06 - Deveropments in Modern Macroeconomics

Total Hours: 90Lecfure Hours: 70

Seminar Hours: 20

(Credit 4)

Module r classicar rradition and Keynesian RevolutionImportant posfulates of classicals, Key_nes' interpretation of.classical postulates - Keynesinterpretation of preat Depression

. fevn9s pori.y prescriptions - unemployment andinflation - cost of unemployment and Okun,s Law j cost ol.inflation and sacrifice ratio _':''cv index, Unemployment - inflation trade off and the philip,s curve.

Module II Monetarist SchoolMonetarists' view gn.Great Depression an! Quantity theory approach. Debates on policyEffectiveness: lag-s in implementation.- inlide rug *a outside lag, Monetarists, rules versuidiscretion' Time Inconsisiency, Adaptive Expectltion Hypothesis and NAIRU, ExpectationsAugmented Philips curve, The monetury upprouch to the Balance of payments theory.

Module trI New Classical SchoolStructure of New classical models

- Ralionll Expectations Flypothesis, continuous marketclearing and The Aggregate Supply Hypothesis, ouifri-*d Employment in the New classicalModel, Lucas critique and policy inefibctiven.r., gi;o-Ricardc, "qrirrut"*e and fiscal policy.Reasons for the failure of Barro-Ricardian

"d;;i;;.e: liquidity constraints, myopia anduncertainty

Module IV ReaI Business Cycle SchoolInter-temporal substitution of labour, Real Business cycle 'theory - technology shocks,neutrality of money and flexibility of wag.r urJf.ic"s. n.a []usiness cycle view on GreatDepression.

Module V New Keynesian and Supply Side EconomicsThe neo-Keynesian Quantity constrained Model, rnterpretations of clower and Leijonhufirud.Micro foundations of macioeconomics, small Menu tost Moclel and Staggering of prices,Implicit wage contract theory, Efficiency Yus. Theory, Insider-outsider Model. Hysteresis

ff*:nyIRU, The supplv iide position - sripty-riJ. ,i.*s on fiscal pori"v and the role of

Suseested Readines:l' samuelson' Paul A', and william D. Nordhaus. "Macroeco'omics . copyright by McGrawHillCompanies." (lg9g).

2. Amit Bhaduri (19gg): Macroeconomics, New Delhi: Macmillan.3' carlin' wendy, and David Soskice. "Macroeconomics and the vrage bargain.,, (1990).4' Keynes' John Maynard' "The General Theory of Employment, lnterest, and Money, New york: Harcourt, Brace & World." (1936).5. Sheffrin, Steven M. Rationar expectations. cambridge universilypress, 1996.6' Phelps, E' (1990): "Microeconomic Foundations of Employment and Inflation Theory,,, New york:

Norton.7' Phelps' Edmund s'seven schools of macroeconomic thought; the Arne Ryde memorial lectures.Vol. 1. Oxford University press on Demand, 1990.i. Tobin, James. Asset accumulation and economic activitlt; Reflections on contemporary

macroeconomic theory. University of Chicago press, 19g2.9' Akerlof, George A', and Robert J. Shiller. Animal spirits: hbw human psychologt drives theeconomy, and why it mattersfor global capitalism. Princeton University press, 2010.10' Hoover, Kevin D' The new classical macroeconomics: A scepticol inquiry.Blackwell, 1990.1 l ' Plosser' charles I' "understanding real business cycles." The Jotrnal of Economic perspectives 3.3(1989): st-77.12'Heap, Shaun P. Hargreaves. "The New Keynesian Macroeconomics.,, Boolcs (lgg2).13' chandler, Lester Vernon. The monetary-/inancial system.Harper collins publishers, 1979.

14' Mankiw, N. Gregory (200g) 'Macroeconomics', worth publishers,, Ny, 6th ed.l5' Froyen, Richard T. (2005) 'Macroeconomics: Theories and policies', pearson (LpE), seveth ed.16' Snowdon' Brian, and Howard R. vane. Modern macroeconomics: its origins, development andcurrent state. Edward Elgar publishing, 2005.17'Levacic' Rosalind' Macroeconomics; an introduction to keynesion-neoclassical controversies. No.339.2U.1982.

M.A.Economics (CCSS) - 20lg Admission

Semester IICore Course _ VII

ECO2C07 - Statistics for Economics

Total Hours: 90Lecture Hours: 70

Seminar Hours: 20

(Credit 4)

Module I Standard probability DistributionProbability Distributions - Discrete Probability Distributions, Binomial, poisson, uniform -simple applications'

. continuous probability oirt.ilriilns - lrlormal, Lognormal pareto andFxponential Distributions (Derivations are not expected), concrpt of law of large numbers andr:ittlal limit theorem.

Module II Theory of Estimation

Statistical Inference, c.oncept of population, sample - Sampling distributions - Standard e,,or-Distributions of sample ,,.un, Student's t, chi-square *o p ttirtributions - Small and largesample properties of z, t and chi-Square and p - pstimations of popuLution, parameters - pointand Internal estimation - Fisher's pioperties of estimators - confidence interval for Mean andProportion - Methods of estimuiion - M"th;. -;i-least

sqoares, Method of maximumlikelihood.

Module III Testing Hypothesis

Formulation and testing of hypothesis - Null and alternative hypothesis - Type I and Type IIelror' critical regiog,- Level of significance, Power of a test - Test of significance in respect ofMean' Proportion, variance and correlation coefficient - chi-square i"riorgoodness of fit,chi-Square test for independence.

Module fV Non parametric tests of HypothesisNon parametric tests, sign test, wilcoxon - Mann whitney U Test, Signed rank test, KruskalWallis test, Wa-Wolfowitz test.

Module V Analysis of Variance

Analysis of variance: one way classification and Two way classifications, simple application.

1' Yamane, Taro. statistics: An introduction anarysis.Harper & Row, 1973.2' Heinisch o' "Hoel, PG: Introduction to Mathematical Slatistics. John wiley & sons, London undNew York 1965..', Biometrical Journal g.l (1967):59_59.3' Aggarwal' Yash Paul' statistical methods; concepts, apprication and computalion. StosiusInc/Advent Books Division, 19g6.4' castellan' N' John' Nonparametric statistics for the behavioral .sciences.McGraw-Hill, 19gg.5' Siegel' Sidney' "castellan. Nonparametric statistics for the sociril sciences.,, (l9gg).6' Gupta, S' P' "statistical Methods, sultan chand & Sons, New Delhi, pp.,, Er0 (1994): r-6r.7. Hooda, R. p. srarrsl ics for business and economics. vikas pubrishing House, 1994.8' chiang' Alpha c' "Fundamental methods of mathematical econ.mics.,, Inter National StudentEdition, Mc Grawhill (19g4).9' Dowling' Edward T' "Schaum's outline of theory and problems of introduction to mathematicaleconomics." (2001).

10' sreenath Baruah: Basic Mathematics and its applications in Economics, Mc Millian India Ltd.11. Joseph K.X, euantitative Techniques, cuccs Ltd, caricut uni'ersity.

M.A. Economics (CCSS) - 20lg Admission

Semester IICore Course -VIII

ECo2c08 - Internationar rrade: Theory and ponicy(Credit 4;

Total Hours: 90Lecture Hours: 70

Serninar Hours: 20

Module I -Trade, Growth and DevelopmentEconomic Development and international trade-Trade as an engine of growth Mundell Fleming modelcroi'vth of labour and capital - technological Progres. - trrr nffc:ctif c.o*ir, on trade ( pro trade"'i iteutral trade growth) - offer curyes- Terms of riade and Economic development -Dutch Disease,Rybcyznski theorem - Immiserising growth.

Module II - Theories of International Trade

Absolute advantage theory - comparative advantage theory-comparative advantage with opportunitycost - comparative advantage with money - empirical test of Ricardian ,ilo[.- Reciprocal demandtheory' Heckscher-ohlin theorem - Factoi PriceLqual izationtheorern - stolper - Samuelson theorem- intensity reversal - empirical test of Heckscher-ollin theorem (Leontief paradox).

Module III -Developments in Trade TheoriesEconomies of Scale and International Trade - Imperfect comper:ition and International Trade -Product Differentiation and International Trade - Technological ciap and product cycle Model -Trade based on differences in tastes, Per capita Income and technology - Metzler paradox -Transportation costs-Environmental standards and internati,onal trade _ inter-and intra _ industry trademodels (Neo-Hotelling and oligopolistic, The Brander - Krugman models) -Empirical work on intra-industry trade.

Module IV - Trade poricy, Economic Integration and worrd trading systemForms of protection - Tariffs - Economic effects of tariffs-Arguments for trade protection - optimumtariffs - effective rate of protection - Non-tariff barriers - euotas - Dumping, technical andadministrative controls on trade - international cartels -opEC . Forms of economic integration -Effects of integration - theories of customs union - Trade diversion -Trade creation and trademodification' The working of integration in the present world - European Union - ASEAN -LTNCTAD - their achievements andfailur"r - wrd ;;;;g*g - w1o rounds - GATS, TRIpS andTRIMS -SAARC

Module v - International Monetary system and rrade policies in ltndiaIntemational Monetary System - Intemational Liquidity and Special Drawing, Need, Adequacy andDeterminants of international Reserves _

-E*o C.,.r"n"y markets _ rlDRs _ ADRs _ FIIs _ FDIs -Intemational Financial institutions and Global capital vr"*"i. Barance of payments, recent import andexporl policies.

Sussested Readings:l' Salvatore' D' "lntemational Economics (Prentice Hall International Inc.,, upper saddle River,NJ (tee8).2' Salvatore, D (2014),International Economics; Trade and Finance, Wiley Students Edition.3' Pomfret R (1993), International Trade, Blackwell Cambridge, I-ISA, Chapter VI, vII.4' Sodersten B and Reed G, (lgg4) Intemational Economics, Thinj Edition, Mac Millan.5' Kindleberger cP (1975) International Economics, Richard D lnuin, Home wood, Illionis,

Chapters 2,3,4,5,7 & lO.6' Thirlwall' Anthony Philip. Growth and development; with special reference to developing

economies. Springer, I 9g9.7 ' Paul Krugman and M. obsteild (1991) International Economics, Harper collins.8' chacholiades, Miltiades, and Miltiades chacholiades. International trade theory and policy. No.04; HFl007, C4.. 197g.9' Peter B Kenen (1989), The Intemational Economy, Prentice - Hall of India New Delhi, chapterVIIl0' Kevin watking (1992), Fixing the Rules North - South Issues in Intemational rrade and GATT

uruguay Round, catholic Institute for International Relations, London.ll. MiaMikic,lnternational trade, Mac Millan, London 199g.12' Dasgupta, Biplab. Structural adiustment, global trade, ana' the new political economy of

development. Zedbooks, 1 99g.13' Bibek Dibroy (1995) The Uruguay Round and after, sage, New Delhi.14' stevens, candice. "The environmental effects of trade." The lyortd Economy 16.4 (lgg3): 439-

451.

15' Srinivasan, Thirukodikaval Nilakanta. "Developing countries irL the world Trading System: fromGATT, 1947, to the Third Ministerial Meeting of wro, rggg., The world Economy zz.g (1999):1047-1064.

16. David Greenaway, Internationar trade policy, Mac Millan, Lond.n, 19g3.17' Bhagwati, Jagdish N., and Thirukodikaval Nilakanta Srinivasan. "Foreign trade regimes and

economic development: India." NBER Books (1g75).l8' Panchamukhi, Vadiraj Raghawendracharya. Trade Policies oJ' Inclia: A euantitative Analysis.

Concept Publishing Company, 197g.19' Rao, Mopidevi Sundara. Trends and Determinants of Inclia's Fc,reign Trade. Chugh publications,

I 991.

M.A. Economics (CCSS) _ 20lS Admission

Semester IICore Course _ IX

ECO2C09 - public Finance and policy(Credit 4)

Total Hours: 90Lecture Hours: 70

Seminar Hours: 20

Module I: The Case for public SectorThe Role of Government in the National Economy. conceptsr of club goods, public goods,'' .lr.ut hypothesis, merit goods, extemalities, pigouvian tax.

Module II:-. public Revenue and policyTheory of Tax - Partial and General Equilibrium Analysis, sihifting and Incidence of Tax,Theory of optimal taxation, Distributional considerations in public finance. Fiscal andMonetary Policies - comparative analysis. Balanced budget multiplier, Zero based budgeting

Module III: public Expenditure and debtPure theory of public expenditure, Pricing of public utilities, public choice Theory, TheMedian voter theorem, concept of subsidy. Macroeconomic inrpacts of deficits, debt burdenand inter-generational equity, sustainability of public debt and Domar stability condition.

Module fV:- Fiscal federalismTheory of fiscal federalism, theory of inter-governmental trarsfers, fiscal decentralisation,Problems of center-State financial relation in India - vertical and Horizontal imbalance ininter-governmental transfers in India.

Module V: Indian public FinanceTrend and sources of Revenue in the union, states and local boclies in India. Trends in publicexpendifure and public debt in India; vAT and GST in Federal set-up. The FRBM Act.Federalism and issues of centrally Sponsored Schemes. Fin:ance commissions and thechanging center- State relations during the reform period.

l'Harvey, Rosen, and red Gayer. pubricfinance.McGraw_Hilr Hi5fier Education, 20r3.Z'Dalton, Hugh. principres of pub ric fi nance. v or. 1 . psychology press, 2003.3.Pen, J an. Income dis tribution penguin (Non_Classi cs), 197 4.

4'Masgrave' RA and Musgrave, PB (1989) Public Finance in Theory and practice, Mc Graw Hill, New

5'Boadway, R. w. "Public sector economics (winthrop, cambridge, MA).,, (rg7g).

' '[,jff ; #,I'"laender' Am F (1s73) Govemment Finance: Economics of the pubric sector,

7' Brown' charles victor, and Peter Mcleod Jackson. Public sector economics. yol. lT6.oxford:Basil Blackwell, 1990.

8'Hyman' David N (1973), Economics of Government Activity, Hoh, Rinchard and winston Inc9.Mankar, VG (1993) public Finance, Students, AgenciestO

l;X-ng, Edgar K., and Jacqulene M. Brownin g. pubticfinanc:e and the price system.Macmillan,

11' Mundle' Sudipto, ed"Public Finance; Policy Issues for Inditt. oxford University press, USA,

12' Dwivedi, D' N', ed" Readings in Indian public finance. chanaky,a publications, I 9g I .l3' Laffont, Jean-Jacques' "Fundamentals of public econom ics.,, MIT press Boolal (l9gg).14' Auerbach' Alan J' "The theory of excess burden and optimal taxation.,, Handbook of publiceconomics I (1985): 61_127t'

lJIrlT&Anthonv B'' and Joseph E. Stiglitz. Lectures on pubtic economics.princeton University

16' Alan T' Peacock, (lg7g)The Economic Analysis of Governments, and Related, Themes, St MartinPress, New york.17' Amaresh Bagchi, (2005) Readings in Public Finance, oxford Uruversity press, USA.l8' Jha, Raghbendra . Modern pubric economics. Routredge, l99g,London.19' cullis' John' and Philip R' Jones' Ptblicfinance and public cltoice; analyticalperspectives.

Oxford University press, 2009.

Suggested Readinss:

MA Economics (CCSS) 20lg Admission

Syllabus

IICore course Course code Title of the Paper

Basic r.oor;;*

-

Research Methodology andComputer Application

Economicr of C.,o*tt uoODevelopment

Credits

x ECO3ClO4

XI ECO3Cl14

XII ECO3C124

Elective course Course code Title of the P,aper Credits

I ECO3EOl Agricultural Ecronomics 4

II ECO3EO2 Political Economy ofDevelopme'nt 4

M.A. Economics (CCSS) - 201g AdmissionSemester III

Core Course - X

ECO3C10 - Basic Econometrics(Credit 4)

Total Hours: 90Lecture Hours: 70

Seminar Hours: 20

Module I Econometric ModelsDefinition and Meaning of Econometrics, Econometric model b,uilding - stages - Estimation ofeconometric models - Method of ordinary Least Squares (oLS) - Assumptions of oLS -' ',;cdies of estimates - BLUE - Gauss Markov theorem - Estimating of parameters and itstu;tiug - Standard Error - Student t test - Coefficient of determinatlon 1"nZJ - aoiusted R2 - Fratio - ANovA - Extensions of Linear Regression model - Double log - Lin log - Log lin -Multiple Regression model

Module II Econometric problemsMulticollinearity - Auto correlation - Hetroscedasticity - (concept, causes, consequences,remedies in each case)

Module trI Distributed Lag modelsAuto regressive and distributed lag models - Reasons for lags - Estimation of distributed lagmodels - Koyck approach - Almon,s polynomial model

Module fV Dummy variable regression modelsfature of dummy models - one dr--y variable - Two dununy variables - Estimation ofdummy variable model - Interpretation of dummy variable mode,l - Dummy variable trap

Module V Simultaneous equation modelsSimultaneous equation bias - Identification problem - Rules of identification - Rank and orderconditions - Estimation of simultaneous equation models - Recuisive models - Method ofIndirect Least Squares (ILS) - Method of rwo Stage Least Squares (2sLS) - Method of ThreeStage Least Squares (3SLS)

Sussested Readinss:

l ' Dougherty, christopher . Introduction to econometics.oxford university press, usa, 2007.2' Gujarati, Damodar N' Basic econometrics. Tata McGraw-Hill Education, 2009.3' Gujarati, Damodar. Econometrics by example.palgrave Macmillan, 20124' ' chandan Mukherjee, 1998' Howard white and Marc wuyts ''Econometrics and Data Analysisfor Developing Countries',, Routledge5. A Koutsoyiannis, Theory of Econometrics, palgrave6' Nachane' Dilip M' "Econometrics: theoretical foundations and empirical perspectives ., oupCatalogue (2006).7. Green, William H. "Econometric Analysis (7 th).,, (2007).8' Johnston, John, and John DiNardo. "Econometric method s.,, Jtlew york 19.7 (1972): 22. McGrawHill

9 ' L R Klein, Text Book of Econometrics, oxford University press

i() Klein' Lawrence Robert, ed'. comparative pedormance of (JS econometric models. oxfordUniversity press on Demand, 1991.I l' N Gujarati, Damodar. Basic econometrics. The McGraw- Hill, 2004.12. KX Joseph Basic Econometrics, coop Society, university of oalicut.13' Patterson, Kerry D. An introducrion to applied econometrics. St. Martin,s press, 2000.14' wooldridge, Jeffrey M.Introductory econometrics; A modern approach.Nelson Education, 2015.

M.A. Economics (CCSS) - 20lS Admission

Semester IIICore Course - XI

ECO3C11 - Research Methodology and ComputerApplications

(Credit 4)

Total Hours: 90Lecture Hours: 70

Seminar Hours: 20

Module I: Concepts of research\ r "'rling and Importance of research, concept of falsification, empiricism, inductive and'luuuctive theory' Types of research, Sources of ,"s"ui.h problem - Formulation of researchquestion, literature review, Differences between d;;iand variable in research.

Y"j{: II: Hypothesis and Research DesignDefinition of a hypothesis, Types of hypoth.ii., s.l..ting appropriate research design - Actionresearch - Experimental design - crosi sectional design - panel studies - Blind studies, casestudy methods.Module III: Samplingconcept of sampling-- Principles of sampling - Probability sampling designs - Non probabilitysampling designs - calculation of sample .Ir. - Methods of data-colleJtion: eualitative andQuantitative, Data collection using sectndary sources - Important secondary data sources inIndia.

Module fv: Data processing and statistical softwareData processing, editing and coding. Measurement scales: Nonoinal scale, ordinal or rankingscale' Interval scale, Ratio scale. uie of statistical purtug., for data analysis - preparation ofExcEL sheets SPSS. Univariate analysis (frequency talbles, bar charts, pie charts,percentages, descriptive statistics), Bivariate analysi, - c.*, talrulations and chi-square and ttest. Interpretation and presentation of data.

Module V: Research report writingReference format' Appendix M9o.9rn Language Association (I\tr A) and AmericanPsychological Association (APA) guide lines. Ethils in puulicati.n, plagiarism.

l' Black' James A' Dean J,1976 Methods and Issues in social Rese,arch, John wiley and Sons, Newyork2' cozby c paur, r9g5, Methods in Behaviorar Research, Mayfield publication, London3' Dixon Beverly and Gary Bouma, 1984, The Research process, ox-rord university press, Merbourne4' Hessler Richard M rgg2,Social Research Methods, west publishing co, New york5' Kerlinger' Fred N' 1986, Foundations of Behavioural Research, H.lt, Rinehart and winston, Newyork6' Selltiz, Jahoda, Morton, Deutsch and Stuart cook, lg62,Research Methods in social Relations, Holt,

Rinehart and Windston, Newyork7' siegel' Sidney' 1956, Non Parametric Statistics for the Behavioral Sciences, McGraw Hill Book co,

Sydney

s Young, Pauline v, 1960, Scientific social survey Research, prentic,e Halr, Englewood9' Ranjit Kumar 2005, Research Methodology, pearson Education, New ps1hll0' Kothari c R' 2004' Research Methodology, Methods and Techniques, New Age International, New

Delhi

1l' william M K Trochim 2006, Research Methods ,Bitzantra,New Derhi

M.A. Economics (CCSS) - 20lS AdmissionSemester III

Core Course - XII

ECO3C12 - Economics of Growth and Development(Credit 4)

Module r: concepts and Measurements of Economic Growth and Developmentconcepts of Growth and Development. Indicators of Economic Development: NationalIncome, Percapita Income, peLI, Hyman D"r;d;;;t Inde;r, Gender Development Index,Human Poverty Index and Deprivation Index. rudu.r.", of Inequality: Kuznets Inverted Ul'' ,i't,esis,Lorenz curve and dini-coefficient, etmnson, Theil, parma ratio.

Module II: Theories of Economic GrowthHarrod-Domar Growth Model, contributions of Kaldor-Mirrlees and Joan Robbinson,Hirofumi lJzawamodel, Solow's Growth Model ana tne.convergence Hypothesis, EndogenousGrowth Theory and the role of Human capital; Indian ptun tvto.i.ts oriviahalanobis and wage-goods model.

Module rrr: partial rheories of Economic Growth and DeveropmentBasic Features of underdeveloped Countries, Populatic,n Growth and the Theory ofLow-Level Equilibrium Trap, critical Minirnurn BrrorrThesis, Theory of Big-push; BalancedVersus Unbalanced Theoriei, Concepts of linkages.

Module IV Stage Theories

Marxian stage theory, Rostow's stage.lh.9rv Theory of Growth and Structural change.concept of Dualism: Technological, S-oc_ial, G";g.6h;;at ano Financial. Myrdal and circularCausation, Backwash and Spreicl Efiect. Institutio;, *O Econonric Growth

Module V: Financing Economic DevelopmentDomestic Resource Mobilisation: ?rior-Savings Approach, The Keynesian and euantity

Il#f*roaches to the Financing of Economic o"erelopment. Foreign Resource:Dual Gap

Total Hours: 90Lecture Hours: 70

Seminar Hours: 20

Sussested Readinss:

l ' Adelman' Irma (1961) 'Theories of Economic Growth and Dev,zlopment,,Stanford university press2' Ahluwalia and I'M'D' Little Indiajs Economic Reforms Essays in Favour of Manmohan Singh3' Hollis' chenery, and T' N' srinivasan. "Handbook of Developnrent Economics, vol. 1.,,(l9gg).4' Fortado (1964) Development and Underdevelopment', University of californiapress, Berkley5' Ghatak, subrata. Introduction to deveropment economics. Routredge (4th edn.)6. Gill, Richard T. Economic deveropment; past and present No. I{Dg2 Gs2. 1963.7 ' Hagen' Everett (1975)'The Economics of Development'RicahrdD. Irwin Increases Illinois8'

fl?f,':t' Benjamin (1976)'Principles of Econtomic Developinent,.lJniversal Book stall, New

9' Jones' Hywel G' An introduction to modern theories of economi,: growth.London: Nelson, 1975.I 0' Kindleberger, C.P (1 95 8)' Economic Development,, T ataMcGraw-Hill, NyI l ' Kuznets s (1972) Modern Economic Growth,oxford and IBH, Irlew Delhi.I l Little' Ian Malcolm David' "Economic development: theory, policy, and intemational relations.,,(1e82).

13' Meier' Gerald M', and James E. Rauch. Leading issues in ec,tnomic developmenr. 5th ed. NewYork: Oxford University press, 19g9.l4' Ray, Debrai (2003)'Deveropment Economics,, oxford India paperbacks, oup15. Sen, A. K. "Introduction in Growth Economics: Selected Readings.,, (1970).16' Skarstein' Rune' Development theory; A guide to some u4fashionable perspectiyes. oxfordUniversity press, USA, 1997.17'stiglitz' Joseph E', and Hirofumi rJzawa, eds. Readings in the ntodern theory of economic growth.Mit Press, 1969.

18' Thirlwall' A' P' "Growth and Developmqlt: with special Reference to Developing Economies:Palgrave Macmillan. " (2003).

M.A.Economics (CCSS) - 201g AdmissionSemester III

Elective Course - I

ECO3E01 _ Agricultural Economics(Credit 4)

Itlodule I Agricutture in Economic DevelopmentNature and scope of Agricult,ral Economics, Theories of Agriculture and economic development:Schultz' Lewis' Fei & Ranis, Jorgenson, Todaro, Mellor, and Boserup. Interdependence betweenAgricult,re and Industry, terms of iade between agri"rlt rL and Incrustry.

Module II: Economic Decisions in Agriculturel/r.'')cluction' Factor-product relationship, Factor-Factor relationship, product- product relationship,Resource-use efficiency, Farm-size productivity debaie, .ir" or holdings in India, measures of farmsize' measures of farm efficiency, capital foimatio, L

"srilulture, fublic vs private investment,complimentarily vs substitutabitity aiuate, classif,rcation of costs, farm planning, managementbudgeting, classification of farms, types of farming, ,il;;; of farm,crganization.

Module III: Behaviour of Demand, suppry and Agricurturar pricesDemand' supply and Price determination of agricultural commorlities, elasticity of Demand andSupply of agricultural commodities, supply ."rp9"^" i" uei"1ryg, perverse supply, cob-web cycles,Nerlovian Supply Response Model, P;ces u"a i"rruuility]^puuric iniervention in price determinationand distribution of agricultural commodities, Agriculturut'i.i., policy in India, Instruments of pricepolicy, CACP, Input-Output subsidy, pDS, Croilrrsrrunce.

Module IV: Agricultural Marketing and Financesignificance and scope of agricultural marketing, characteristics of

'gricultural commodities, marketstructure of agricultural commodities, market functions, marketinf .hunn"ir, producer,s surplus,marketed and marketable surplus, marketilg margin, marketing efficiency, distress sales, defects ofmarkets' role of state in agriculture maGting,"r"g"r"t"a markets,, co-operative markets, future

[]!f'lril1X[t?]jl"and n-on-institutional .o.i".. "oileri"urt

.al credit, ilABARD, co-operative

Module v: structurar and Institutionar Changes in Indian AgricurtureArea' Production & Productivity trends,

!!3nein-e cropping pattern, cleterminants of cropping pattern,Green revolution, Agricultural -inputs,

HYV seed-s, fa; iecnanizatulrr, rertiiir". .rr", crop irrigationtechnology, input subsidies, white, blue, yellow and golden revolutions, ever green revolution, ICAR,Land tenure systems, Land refo-rms, agricultural laboir and wages, National Agricultural policy 2000,WTO and Indian agriculture, ASEAN.-Institutional visit: one day visit by the students and faculty.to Kerala Agricultural University,Thrissur' in order to instigate interest among the students in agricurture and alliei activities, and to seethe various research products and centres or. tn" Urriversity. The stuclents are requested to prepare anote including some research questions after the visit.

Total Hours: 90Lecture Hours: 70

Seminar Hours: 20

Susgested Readinss:

1' Shultz T'W' - Transforming traditional Agriculture , New Haven, I.ondon yale university press lg652' Bishop c'E' & Toussiant w'D' - Introduction to Agricultural Economic Analysis, John wiley & Sons,NewYork, 1958

3' Heady E'o' - Economics of Agricultural Production and Resourse use. prentice Hall, N y, 196l4' Hanumantha Rao c'H' - Agricultural Production Function costs arLd returns in India. Tata McGraw Hill196s

5' Joshi P'c' - Land Reforms in India, Trends and Prospects, Allied p-ublishers, New Delhi, 19756' Drummood and Goodwin - Agricultural Economics, p"ur.or, New Delhi, Ed.z,20047' Ritson christopher - Agricultural Economics, Gosby Lockwood Stsples, London, l97j8' Majumdar N A and Kapila uma - Indian Agriculture in the New Millennium - changing perceptive andDevelopment policy - vor. I & II, Academic Foundation, New Deltd, 2006I \{ohammed, Munir,Rehman. (Ed) - Fifty years of Indian Agricultur,e , concept, New Delhi ,zoo7l0'Vyas v Y - India's Agriculture Structure, Economic Policies and ;sustainable Development, AcademicFoundation, New Delhi, 20031l' lntroduction to Agricultural Production Economics and Farm Managanent -C A Robertson.

l2.Kapila uma - Indian Economy, Acadernic Foundation, New Delhi, 2005l3.Eicher and witt - Agriculture in Economic Deveropment , vora & co., Bombay, r97014'soni R N - Leading Issues in Agricultural Economics, Shoban Lal Nagin chand, Jalandar,lgggl5'Agricultural probrems in India - Singh & Sadhu, Himalaya, Bomba5,, 19g6.l6'Mellor J'w- The Economics of Agriculture Development. vora E: co Bombay S. Ghatak. & K.Ingersent - Agriculture and Economic Development New Delhi. Setect Book Service Syndicate.

M.A. Economics (CCSS) - 20lS Admission

,,.ii,[?l'.1.:'j_ ,ECO3E02 - Political Economy of Development

(Credit 4)

Total Hours: 90Lecture Hours: 70

Serninar Hours: 20

Module I : Subject matter of political Economysubject matter of political economy. State, markei and institut:ions. Government, bureaucracy,comrption, mis-governance, rent seeking. etit. cufl.", political clientelism, competitivePopulism.

,I.;i!ule II Classical political EconomyGenesis classical Political Economy, Adam Smith and David Ricardo on theory of value,growth and distribution, views on'trade. llajor l*rtion r,aised by classical economists,neoclassical critique of classical economics. contriuuiions of Joran Robinson and Sraffa.

Module III Marxist political EconomyMode of production, dynamics of social change - primitive communism, slavery, feudalism,capitalism, socialism. Asiatic mode of prodriction. iheory of value, surplus value, profit.Marxian Scheme of Simple and Expanded Reproduction.

Module IV International politicat EconomyNeoclassical views on intemational integratio:r, wro regime, Free Trade and its relative gains,EClA-school, Latin American experience, Prebisch sirg"., unequal exchange, Dependencytheory' Monopoly capital, imperiaiism and its critique. cross boarder investment. EuropeanIntegration. Intermediate regime.

Module V Political Economy of Development in IndiaThe Mode of Production debate in Indlia, political .rororny of fiscal federalism, politicaleconomy of liberalisation in India, decentialisation and lotal gove*-"rt. displacements,environment related movements _ selected cases

Suqeested Readinss:

l' Ha-Joon Change 2006' "Rethinking Development Economics,,Anthem press.2' Edmund S' Phelps, Political Economy: An Introductory Text (I,lew york: ww Norton, lgg5).3' Usher' Dan 2003' "poriticar Economy", Brackwelr euuiistring4' weingast, Barry R., and Donald wittman. ',The reach of poriti,:al economy.,, The oxford handbookof political economy, (2006)..5' Dasgupta, A' K (1987), Epochs of Economic Theory, Blackwellpublishers6. Bharadwaj, Krishna (r 9g6), crassical politicar Eco.romy, Universities press7 ' Dimitris Milonakis and Ben Fine "From Political E"onorry to Economics: Method, the social andthe historical in the evolution of economic theory,,, Routledge8' Hahnel, Robin 2002. *ABC of poritical Economy, Modern primer, pluto press9' Jeffrey S' Banks and Eric Allen Hanushek, Modern political Economy: old Topics, NewDirections (Cambridge Up, 1995)l() Skarstein' Rune' 1997'Development Theory: A guide to some urrfashionable perspectives, otrpll'Thomas Ferguson and Joel Rogers, eds.,The Political Economy: Readings in the politics andEconomics of American public policy (M.E. Sharpe, l9g4)12' James P' caporaso and David P' Levine, Theorils of piiticat Economy (New york: cambridgeUniversity press, 1992)13' Martin Staniland, what is political Economy? A Study of Social Theory andUnderdevelopment (yale, I 9g5).14' Dobb' Maurice (1975), Theories of value and Distribution liince Adam Smith: Ideology andEconomic ft*ry, Cambridge University press15' Screpanti' Emesto and'zamagru' Stefano (2006),An outline of the History of Economic Thought,Second Edition, Oxford University press, New Delhi (Chapter g.l)l6' Sweezy' P' M (1968), The Theory of capitalist Development, Monthly Review press, New york17. Robinson, Joan (1972),Economic Heresies, Macmillanl8' Baran, Paul A. and Sweezy, paul, M (r966), Monopoly capital, lrlonthly Review pressl9' Patnaik' Prabhat et' al (201l), Marx's capital: An tntroductory Roader, Leftword Books, Delhi20' Gianni vaggi, Peter D. Groenewegen (2003), A concise History of Economic Thought: FromMercantilism to Monetarism, Macmillan.21' corbridge' Stuart' "The political economy of developr,ent in [ndia since independence.,' (2009):318-336.PaulR Brass 'Handbook of South Asian pt,ritics. RoutrerJge22.EmestMandel (200g), Marxist Economic Theory (vol r & 2), AI\KAR BooKS, Derhi.23.Kozlov (1977), political Economy of capitalism, progress pubrishers, Moscow.24' Khudokonnov G'N. (1985), Political Economy of Socialism, Unic,n of soviet Socialist Republics.25. Chalm K.S. (1999), Readings in political Economy, Orient Longnnn, Hyderabad.26'Yaggi' Gianni' "Historical antecedents of development econonrics.,, International Hanclbook ofDevelopment Economics. Chertenham Edwarcr Ergar (200g): 97-1r0.27'Bagchi' A' K' 2008' Historical Perspectives on Development, in, Amitava Krishna Dutt and JamieRos (eds)' International Handbook of Development Economics, vol. l; Edward Elgar, cheltenham,UK and USA, Chapt er 2, ppl6_31.

MA ECONOIVTrCS (ccss) 2018 ADMTSSTON

SyIIabus

Semester - IV(Two El..tir,.r,Tffii1nd Vi'a Voce)

Elective course Course code Title of the

III ECO4E03 Applied Eco

IV ECO4E04 Enyironmental

V ECO4EO5 Population De

VI ECO4EO6 Industrial

vII ECO4EOT Indian finan

Econom

velopme

Econom

NB: students can opt any two er.@ir. grr." "br*

IIrDI[€t

cla

Paper Credits

rlcs 4

lcs 4

nt 4

rcs 4

I System 4

Dissertation and Viva Voce

M.A. Economics (CCSS) - 201g AdmissionSemester IV

Elective Course _ III

ECO4E03 - Applied Econometrics(Credit 4)

Module I Qualitative response modelsEstimation of Linear. Probability mo.dgl (LP), Logit Model, probit model, Tobit model.Limitations of qualitative responsl models

\,f"dule rI Time series econometricsi>ri:;ic ideas of tirne series econometrics- unit root - Trend stationary and Differencestationary - Tests of stationary - Graphic Analysis - euro correlation function - correlogram- unit root test - Augmented oickky Fuller ioi - prrilip p,orron t.J: Transforming nonstationary process into stationary process - co integrated regressions

Module fII Approaches to Econometric Forecastingsingle equation regression model forecasting - Simultireous equation model forecasting - BoxJenkins Methodology - Auto Regressive {o"i ffil.'Morinu Average model (MA) - AutoRegressive Moving Average model (ARMA) - irt. Regressi:,re Intefrated Moving Averagemodel (ARIMA) -vector lrlq t erltsion'model (vAR) - Auto Regressive conditionalHeteroscedasticity model (ARCH) I Generalized Auto Regressive Heteioscedasticity model(GARCH)

Module fV Panel Data analysisNeed of panel data - illustralions - Estimation of Panel Data Regression models - RandomEffects model (REM) - Fixed Effects model (FEM) - Error co"mponents model (ECM) -Limitations of panel Data Approach

Module V Econometric applications using SPSSApplications in demand, prbduction, trade uid .u".o economicsr - Limitations of econometricapproach - Future of econometric approach

Total Hours: 90Lecfure Hours: 70

Seminar Hours: 20

Suseested Readines:

l. Gujarati, Damodar. Econometrics by exampre.palgrave Macrnillan, 2014.2' Mukheq'ee, chandan, Howard white, and Marc wuyts. Et:onoffietrics and clata analysis fordeveloping countries. Routledge, 20 I 3.3' Dougherty, christopher. Introduction to econometrics.oxforcluniversity press, usa, 2007.4' Gujarati, Damodar N. Basic econometrics. Tata McGraw-Hill Education, 2009.5. Damodar N Gujarathi, and Sangeetha, Basic Econometrics, T,ata McGraw Hilr6' Nachane, Dilip M. "Econometrics: theoretical foundations and empirical perspectives ." ogp

Catalogue (2006).

7 ' Nachane, Dilip M' "Econometrics: theoretical foundations and empirical perspectives ., ogpCatalogue (2006).

s Greene, william H. Econometric anarysis. pearson Education India, 2003.9' Johnston, John, and John DiNardo. "Econometric method s.,, Arew york 19.7 (1972):22.10' Klein, Lawrence Robert, fd,'. Comparative performance of (JS econometric models. oxford

University press on Demand, 1991.1 1. L R Klein, lntroduction to Econometrics, oxford University press12. Damodar N Gujarathi, Econometrics by practice.13. K x Joseph Econometrics, coop Society, University of calicut

M.A. Economics (CCSS)

Semester fVElective Course -IV

ECO4E04- Environmental Economics(Credit 4)

- 2018 Admission

Total Hours: 90Lecture Hours: 70

l]eminar Hours: 20

Module I Basic Concepts of Environmental EconomicsConcept of Environmental Economics - origin - development - Environmental Economics andEcological Economics - Environmental Economics und Natu.ztl resource Economics - Basic" :,ii'rcpts: Biodiversity - genetic, species and ecosystem, Ilabitat, tragedy of commons,lloryrenewable resources- recyclable resources -Maximum sustainable Yield,-Green NationaiAccounting..

Module If Externalities, Market Failure and Environmental ValuationPublic Goods and Public Bads - concept of extemalities - Property Rights and Coase Theorem.Direct and Indirect methods of environmental valuation - Cost Benefit Analysis, Net presentvalue. Contingent Valuation Method, Travel Cost Method, Hedonic Price Method, AvertingExpenditure Method- Environmental Impact Assessment.

Module III Environmental Policy

Instruments of environmental policy - CAC, price-based and quantity-based inskumentspermit system {riteria for Evaluating Environmental Polices, environmental regulationsand local economic activity. Forest management and initiatives.

Module IV Development, Trade and Environment

Development, Poverty and the Environment - Population and Environment, The euest forSustainable Development. Indicators and Measurements of Sustainable Development.Environmental Justice, Does Trade Flarm the Environment?

Module V Environment and Development

Global Pollutants and International Environmental Agreements - Green Houses Gases andGlobal Warming - Climate Change and Global Agreements - Kyoto Protocol, MontrealProtocol. Environmental Kuznets' Curye, Sustainable Develop ment Goals

Field Visit: One-day field visit to be done by the students with the faculty to a place, fromwhere environmental related issues could be highlighted, and the students are requested toprepare a note including some research questions after the visit.

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Sussested Readinss

l' Maureen L' cropper; wallace E. oates (lgg2) Environmental Economics: A Survey, Journal ofEconomic Literature,Vol. 30, No. 2. 11w., IDSZI2' Anthony c' Fisher; Frederick rr{. .}leryn (1976) The Environment in Economics: A Survey,Journal of Economic Literature, Vol.14, No.f .'Gr,arin-ine13' Singh' Katar and Shishodia, Anil (2007) 'Environmental Economics: Theory and Applications,,Sage

4. Kolstad, Charles D (2003) ,Environmental Economics,, OUp

5' Hussen, Ahmed (2004) 'Principles of Environmental Economics,, 2nd ed., Routledge6'

Iil[;#fi[,*il Field, Martha K (2002) 'Environmental Economics: An rntroduction,, 3d ed.,

7' Singh' Katar and Shishodia Anil (2007)'Environmental Economics: Theory and Applications,,Sage

8. Kolstad, Charles D (2003) .Environmental Economics,, OUp

9' Bhattacharya, R N (2001) 'Environmental Economics: An Indian perspective,, oxford10' Bhattacharya, R N (2001) 'Environmental Economics: An Indian perspective,, Oxford1l' Maureen L' cropper; wallace E. oates (1992) Environmental Economics: A SurveyrJournal ofEconomic Literature, Vol. 30, No.2. 1trn., t}Sil12. Kolstad, Charles D (2003) ,Environmental

Economics,, OLIpl3' Thomas, Janet M and callan, Scott J (2007) 'Environmental Economics,, Thomson South-western,India ed.

l4' Bhattacharya, R N (2001) 'Environmental Economics: An Indian perspective,, Oxfordl5' Tietenberg, Tom 'Environmental and Natural Resource Economics,, 6th ed., pearson

16. Shanker, U (2003) .Environmental Economics,, OUp

M.A. Economics (CCSS) - 20lg ^r\dmissionSemester fV

Elective Course _ VECO4E05 - population and Development

(Credit 4)Module I: Population and Development.

Total Hours: 90Lecture Hours: 70

Serninar Hours: 20

Theories of population - Divergent views on population and development - population anddevelopment linkage. Growth, structure and distribution ,cf world population, regionalvariations in rates of growth, sources of population data, socio-econo.ic lmptications ofpopulation gourth (case studies from oevetoiing economies).

iVlodule II: Trends in population

Size of population in India, Trends in gr^o1vth, composition and distribution of population inIndia - Inter-state variations, measut" or rertitity and mortality, birth rates and death rates,concepts of life table, nexus between populatio-n and poverty, population and health, populationand education, MDGs, shifting p.opo.tiorr ortr.aL-population in recent years and density,population gowth and urbanisation.

Module III: gender and Age Structure

Patterns of gender and age structure in developed and less developed countries - Determinantsof sex and age structure -Demographic effecis of ser and age structure - Gender Issues andDevelopment - Ageing of populatfo^" _ Long term protectiorLs of sex and age structure ofpopulation - old age and problems of old agedl demofraphic diridend, national youth policiesin India.

Module fV: Fertility, Nuptiality, MortalityFertility: Levels and Trends - Factors. affecting fertility in developed and LDCs - Differentialfertility- Ec-ological factors regional differencef - uJun-*ral - socio-economic factor-s.Nuptiality concepts - Analysis of rnarital status f.om Cersus - Mean age atmarriage, cohortmethods - Mean age at widowhood and divorce - Trends in age at marriage - change in agepattern of marriage.Mortality: Level and trends of mortality in developed and LDCs - sex and age patterns ofmortality - Fetal and infant mortality -

-stitt birth, abortion and perinatal mortalify, levels andtrends of infant mortality - Factors iff..ting u".turiry airr.rentiiils. Factors affecting mortalitydeclines in developed and LDCs.

Module V: MigrationBasic concepts and definitions - Importance of migration in the study of population - Types ofmigration - Internal, international, temporary, iniernational migration - Levels, trends anddifferentials in developed and LDCs - Effeits of immigration and emigration. Theories ofinternal migration, costs and benefits of internal migration and ourt migration.

Sussested Readinss:

1' Birdsall' Nancy' Allen c' Kelley, and Steven w. Sinding, eds. popuration matters: demographic change,economic growth, and poverty in the developing world. oxiord university press, 200 I .2' Bloom' David' David Canning, and Jaypee sevilla. The demograph.ic dividend; A new perspecrive on theeconomic consequences of popuration change. Rand corporation, 200it.3' ?lrffi'.'

John c' "Routes to low mortality in poor countries." popurarion and deveropment review(19g6):

4. Cassen, Robert, ed. population and development: Old debqtes, ncy) conclusions. Vol. 19. TransactionPublishers, 1994.

5' Dasgupta, Partha' "The population problem: theory and evidenc e.,, Journal of economic literqture 33.4(1995): 1879-t902.6.

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Demeny' Paul' and Geoffrey McNicoll. "The Earthscan reader in population and development.,, (199g).Dyson' Tim' R'cassen and Leela visaria. (eds.) (2004), Twenry-pi61 century India: population, Economy,Human Development and Environment, Oxford University press.world Bank,(1984) world development Report 1984: Population, world Bank, washington DC.World Bank(2000) Beyond Economic Growth Chapter III on .world population Growth,.A'A' Bhende and t. Kanitkare, principles of poupulation Studies, Himaraya, 19g2.D.J. Bogue, Principles of Demography, Wiley, 1971.B.D. Misra, An Introduction to the Study of population, South Asian publishers, l9g0S. Nagarwal, India's population problem, Tat McGraw Hill, 19g5.Government of India, census of Indian and Rerated Monographs and Roports.Bhende' Asha A', and Tara Kanitkar. "Principles of population studies (,Jemography). 2nd rev.,, (19g2).D. J. Bogue, Principles of Demography, John Wiley, l97lS'N. Agarwala, India's population probrem, Tat McGraw Htil, rg72.A'J' coale and E'M' Hoover, Population Growth and Economic Deveropment in Low Income countries: ACase Study of India's prospects princeton, l95gK' Srinivasan and K'B' Pathak (Ed.), Dynamics of Population and Family welfare, Himalaya, 1992.

M.A. Economics (CCSS) - 20lg l\dmissionSemester fV

Elective Course _ VI

ECO4E06 - Industrial Economics(Credit 4)

Module I : A prelude to Industrial EconomicsSubject matter of Industrial economics, its il*ry Determinants of productive and economicefficiency - Measurement of the efficiency level. vrrrt"t concentration and monopoly power -causes and measurement - Market concentration and perlormance - Extent of marketc''ncentration in India - Recent trends - vertical integration, diversification and merger(ruotives and measurement). Industrial organisation

"

Module II: Industriar Financing and rnvestment decisionsTypes of industrial finance, Souices of finance, irJr#ur financing in India, role of primaryand secondary capital markets in India. Public and private in,vestire.rG ind.rstry in India.Methods of project evaluation, NPV versus mn, risk-and uncertainties in project appraisal,inventory decision, market investment.

Module III Innovation and technologyconcept of innovation, measurement of innovation

. activil.ies, theory of technologicalinnovation' diffi'rsion of technology. to R & D and innovar.ion - Trends in total factorproductivity in India

Module fV: Industrial LocationFactors determining location - Approaches to industrial locational analysis - Theoretical

ffi:ff::n'cal and economic theoriesj and operatiorui upp[;;,;'- i;ilt,,"I rocational pattern

Module V: Growth of the FirmNeed for Growth, Optimum size of the firm, Theories of growth of the firm-Downie,s theory,Penrose theory' Empirical findings of industri"l ;;;;h in India. public and private SectorIndustries in India' Role of go'ni*.rt in Indultrial growth. Industrial licensing policies.Incentives to the Corporates inlndia.

Total Hours: 90Lecture Hours: 70

Seminar Hours: 20

Sussested Readinss:

1' Barthwal R R, Industrial Economics, New Age Intemational Irvt. Ltd., New Delhi, 1995.2. Rogor clarke, Industrial Economics, Bazil Blackwell, New york, l9g53' Hay, D' A', and D. J. Morris. "Industrial Economics: Theory and Evidence (oxford University

Press)." '(1979).

4' Smith, David Marshall. Industrial location; an economic geographical analysis. John Wiley &Sons,1981.

5' Barthwal R R, Industrial Economics, New Age Intemational (-p) Ltd, New Delhi, 19956' Lave, Lester B. "Technological change: its conception and measurement.,, Technological change;its conception and measurement. (1966).

7 ' Balakrishnan, Pulapre, and Kesavan Pushpangadan. "Total factor-productivity growth inmanufacturing industry: a fresh look." Economic and political weekly e99$:202g-2035.8' Ahluwalia, Isher Judge. Industrial Growth in India: Stagnution since the mid-sixties. OxfordUniversity Press, USA, 1985.

9. Harvey Leibenstein, Allocative Efficiency vs. X-Efficiency, American Economic Review, 56,1966, pp. 392-415.

10. Barthwal R R, Industrial Economics, New Age International, (P) Ltd., New Delhi, 1995.ll. Shetty, S. L- "Growth of SDP and structural changes in state economies: Interstate

comparisons." Economic and political weekly (2003): 5rg9-5i100.12. Kapila, Uma, ed. Indian economy since independence. Acadenric Foundation, 2009.13. Bhuleshkar, Ashok Vasant, and Dawood M. Mithani, eds. Structural Changes and Issues of

Indian Economy. Himalaya publishing House, 1990.14. Ahluwalia, Isher Judge. Industrial Growth in India: Stagnation since the mid-sixties. Oxford

University Press, USA, 1985.

15. Sach S J and Varshney A (Eds.), India in the Era of Economic Reforms: A political Economy,Oxford University Press, 2000.

16' Ahluwalia I J and Little I M O (Eds.) India's Economic Reforms and Development, OxfordUniversity Press, 2000.

M.A. Economics (CCSS) - 20lg lldmissionSemester [V

Elective Course - VII

ECO4E07 - Indian Financial System(Credit 4)

Total Hours: 90Lecture Hours: 70

Seminar Hours: 20

Module I : Indian Financial SystemStructure of financial system: Financial Institutions, Financial Markets, FinancialInstruments, Functions of Financial system. concept of financiar o.u"iop-ent, indicators offinancial development, financial sector and economic development.

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Module If : Money MarketMoney market in India, Money market instruments: Treasury Bills, Call money Market,Commercial Papers, Certificates of Deposits, Commercial Bilki, Collateralised Borrowing andLending obligation.

Module III: Capital MarketPrimary market - Primary issues: Public Issue, Right ,[ssue and private placement;instruments: shares, Debentures and Bonds - Capital uartet , Secondary Market - stockexchanges: Stock Exchanges in India, Mutual Fund Schemes and products, capital MarketReforms.

Module rv: rnternational systems of Financial MarketsForeign Exchange Market, Foreign Capital Flows. Derivatives;, Futures, Options and Swaps.Bank financing and the financial crisis of 2007_0g.

Module V : Financial RegulationsSecurities and Exchange Board of India (SEBI) - Liquidity Adjustment Facilities and RBI -Basel Norms in India, credit Rating - credit Rating Agencies in India.

Sussested Readinss:

1' Pathah Bharati Y ' The Indian Financial system; Markets, Institutions and services.pearsonEducation lndia, 201l.2. Bhole L.M. (2OOZ). Financial Institutions and Markets, Tata McGraw-Hill publishing CompanyLtd, New Delhi.3. Ruddar, Datta, and K. p. M.

Delhi (2008).Sundhram. "lndian Economy, Chan,d and Company Ltd.,, New

4. Khan M.Y (1996), rndian Financial System, Tata Mc Graw-Hills, New Delhi.5' Mohan' Rakesh' "Monetary policy in a globalized economy: a practitioner,s view.,, o(/pCatalogue (2012).6' Global Economic and Financial crisis (2oog),Essays from Ecoromic and political weekly, orientBlack Swan, Hyderabad.

Time: 3 hours

Very Short Answer Questions.11.12.13.14.15.

Short Answer Questions.16.17.18.19.20.21.))24.25.26.27.

*FORMAT OF THE MODEL QUETiTION PAPERMA ECONOMTCS (ccss)

2018 ADMISSION ONWARDS

PART A Max: 8o Marks

Answer all euestions

Murtipre choice qrestiollrth Question carries I mark

1.

2.

3.4.5.

6.7.

8.9.

10.

PART BAnswer all Questions

Each Question carries 2 m:arks

Answer in one or two sentences each

PART CAnswer any 8 Questionrs

Each Question carries 5 marks

(10x1=l0Marks)

(5x2=10Marks)

t8 x 5:40 Marks)

PART DAnswer any 2 euestions

Each Question carries l0 rnarks

Essay type Questions28.29.30.31.

@ x l0:20 Marks)

* The Model Question Paper in respect of each course containing questions will beprovidcd Iater.