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Vikram University, Ujjain

Master of Philosophy in",-,~"",~",*"","",wEc'onomics .

(II & III Se~esters)Syllabus (Proposed) .2013-14

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BOS in Economics: 25.7.13

The examination for M.Phil. Degree in Economics shall comprise of the

following:

The total marks ofM.Phil. in Economics 600

fA) Three theory ~ers (II Semester)Total Marks: 300

Compulsory :

1 Research Methodology, Quantitative Methods,t,*I->'IX'HIA\".,~\V .•..'-J'I~"H~"""""":'"'''''' \0'.".\\1.'/.1'.'111,I I 1-00.M-arks

2 Economic Analysis100 Marks

Optional:

(Anyone of the following)

1 Advanced Agricultural Economics J100 Marks

2 Advanced Industrial Economics 100 Marks

3 Industrial and Labour Relations 100 Marks" II ,\ \1

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4 Economics of Regional Development 100 Marks

(B) Dissertation, Viva-Voce and Seminar (IIISemester) Total Marks: 300

1. Seminar (Two) 100Marks (50 Marks Each)

(Based on One Theory Paper and One on Dissertation)

2. Dissertation - Written 100 Marks

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II Semester

Paper 1- (Compulsory)Max. Marks: 100

(JN1,_Research Methodology 1 Quantitative methods ~~ f'\

1. Research Methodology"I '-lo,,",,,' ~H\.\ '<''''f'OJ-. \'J-'-I'i~""'>'\"""" 1..,"0. ". C .\.AI'. \ IOV.1\~" ". ~ ~ ' ' •• ' ,\,' ' '.. ,."" /0'.' :., . .,..,,,\~

Nature, objectives and scope of social science research.Selection of research problem. Planning of research. Qualities of researcher.Scientific method and its application in social sciences .. Hypothesis.Research design. Sampling and Census. Methods of Sampling .Types ofdata and their sources.. Techniques of data collection-observation,interview, schedule, questionnaire, case study. Classification and tabulationof data, analysis and interpretation of data. Graphic and diagrammaticrepresentation of data. Preparation of report. Small and Large Sample.Frequency distribution-Binomial & Normal distribution.

2. Quantitative methods-

Measures of Central tendency, Dispersion and Skewness. Karl Pearson's co-efficient of correlation and its significance, Rank correlation, calculation of

.• ,,,I~,,-,,,,~H\\"'''\~ \V-~'i~."\>""~""" l.err'brs~\"aS'iH)cititionof attributes.- Regression, regression co~erficient. '.. ," ".~'''«M~~I.•....,

Standard error, interpretation of Co-efficient, Index Numbers, Analysis oftime series. Testing of hypothesis, test of significance, projection techniques.Analysis of variance, Coefficient of Determination, Chi square, Z Test, t-

test etc.

Books and Readings- Recommended:

Pauline V. Young- Scientific Social surveys and research. New Jersey, Prentice

Hall, 1956

• ,I .\.1

2 C.A. Moser - Survey methods in Social Investigation. London, Heinemann

Educational books Ltd. 1967

3M.H. _ An introduction to research procedures in social sciences Bombay,

Asia, 4 f "-h& ~;yc; ~~\\'-, 'Ii;!

5 D.N. Elhance and p.p. Elhance- Practical problems in Statistics. Allahabad, Kitab

Mahal,1977

6 Godde and Hatt- Methods in social science research.

7 Croxton, Cowden and Kelein- Applied general statistics.

8 L.R. Klein - An introduction to econometrics

9 P. Mukherjee - Economic Survey in underdeveloped countries.

10 B.M. Jain- Research methodology, (in Hindi) Delhi, Research publication in

social sciences, 1975

12 Sharma, Prasad & Satyanarayan - Research Methods in social sciences

,,,f,",1-"'I"'\"V""~ w....'-I..•"'!""\'.' I""""" ,1.1....~\,Ray~r~dr~Nath Mukherjee- Social research and statistics ..Delhi,. Vivek ,Prakashan,. "."" I,".i.' ,.'1'1,

13 Williamson, Kanss, Dalphin - The Research Craft.

14 Research Design- Cathesise Hakim.

15 Doby J.T. - An introduction to Social Research.

16 Kampunan- Methodology of Social Sciences.

17 Festinger - Research Methods in Behavi Jurial Sciences.

18 Hampel Court - Fundamentals of concept formation in Empirical Sciences.

. 19 S.P.Singh - Statistics: Theory & Practice. , S.Chand,-,,,',",~',H\,\"''''''''-.l.\\l''-'-I''I'''!,,,,\,,,,,,,,",,,'I.',,,, •.. ~.\,A,'.IIW'1W" ,/ I ,

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Max. Marks: 100. r' oytl'.J',':',_

Economic Analysis:" " ., ,I

1 Product Pricing:

Equilibrium of the firm and industry.- Objectives of the firm.General cost and Revenue curves of a firm. Equilibrium of the firm andindustry under perfect competition. Price determination under perfectcompetition., Imperfect competition and monopoly; Monopolisticcompetition. Price discrimination. Price and output determination undermonopsony and Bilateral Monopoly.

2 Factor Pricing:

I \ • I' ,\ \1

Theory of distribution- General & marginal productivity theory ofdistribution. Modem theories of wages, rent, interest and profit.

3 Economics of Welfare:

Pigou and the welfare concept. Pareto optimality, Hicks. Kaldorcompensation principle. Skitovosky double criteria. Recent developments in

welfare economics.

4 Macro Economics- Review:

GDP/GNP National Income .Multiplier & Accelerator- an analysis,Monetary and Non-Monetary theories of Trade cycles. Recent trends in

monetary Economics.

5 Some current EconomIc Problems:

.•••••~,-",',"H'A"",.-.I-\V--'-J"'~t><"\""",,,,'I,''','''\"A". """"''',\ ,I _ _ _ ' ,\" ,. ",' I' . " ",,,'vuA,i;".I-"WIInternational liquidity, Macro economic objectives, Fiscal policy,monetary policy, Budgetary policy and deficit financing, Current Budget ofthe Indian and M.P. Government. Tariff pol icy, Floating exchange rates.Economic reforms in India. Planning in India.

Books and Readings- Recommended:

M.L. Jinghan _ Advanced Economic Theory, Vikas Publishing House, Delhi,

. .,' .•••;.1' ,l';'.:•.

Ahuja, H'.G. _Advanced economic theory, S.Chand , New Delhi.

D.M. Mithani- Modern Economic Analysis, Himalaya Publishing

House, New Delhi

3

2

4 Keneeth E. ulding- Economic analysis, 2v New York, Harper and Row.

, ••••• I '*~, H\,""""~'>J,\V---'-I"~""\"'\"f"1"t.,, ':1oA".11 tV,-' ," I I - - - ' '. ...,. , , •~'7 ~ "f. 5 A.C.' u - Economics of Welfare.

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6 G.M. Meier- Problems of world monetary order" ,\,'

8 Ruddra Dart & KPM Sundaram- Indian Economy, S.Chand CO.Ltd.

9 Ajit K.Das Gupta- Economic theory and the Developing Countries

10 Chamberlin, E.H.- The theory of Monopolistic Competion.

II Joshi -little - India's Economic Reforms, Oxford

12 Ruddra Dart _ Second Generation Economic reforms in India, Deep & Deep NO.

13 Crowther, G. - An Outline of Money. Thomas Nelson & Sons Ltd.

London, 1957

14 Dewett, K.K. - Modern economic theory, S.Chand, New Delhi,

,•.•I'-\<,,",,,~">\"'''''''N-. w...'-J",~.~\~'I'\Y"'" 1.t'S'" ~\''DWI-ara,'Dudley': The Economics ol John M~Keynes: Crossby' Lockwood &'Sons, London.

16 Hals, G.N.- Monetary Theory, Asia publishig House, 1964

17 Hicks, J.R.- Value and capital. BLBS London, 1964

20 D:M.Mithani _Money, Banking,International Trade & Public Finance, Himalaya

Publishing House21 Koplin, K.T. _Micro Economic Analysis. Harper and Row, New York, 1971

22 Leftwich Richard - The Price System and Resource Allocation. Princeton Press,

Illinoise,23 S. Murty, (Edt.Book) India's International Trade and Rupee Exchange Rate 1995.

RBSA Publishers, SMS Highway, Jaipur

,~,"'I '*:->'\~"HI' ,"'",'N-.'V--'-J'I~.WI'\Y"'" ,24... ~.",54 Mumy(Edt. Book), Structural Transformation of Jndian. Economy. Atlantic .. , . ".""1,~.I.\v.

Publishers,New Delhi, 1996.

25 Samuelson, Paul- Economics; 10th edition, McGraw-Hili, New York, 1976

26 Seth, M.L. -Principles of Economics, Laxmi Narain Agrawal, Agra, 1974

27 Stigler; George, J. - Theory of price. Macmillan, London, 1966

28 Stonier, A.W. and Hague, D.C. -A textbook of economic theory. ELBS,London.

29 Sundharam K.P.M.- Principles of economics. Vikas ,New Delhi, 1976

petition ,welfare. A.R. Seth, Bombay, I960

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Max. Marks: 100

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1 Characteristics of agriculture in India. Agriculture in a developingeconomy. Industrialization and agriculture. Changing contribution ofagriculture to gross domestic product in India.

2 Agricultural systems- Individual farming, corporate farming, co-operative farming, state farming, dry farming. Land reforms in India andMadhya Pradesh.

4 Agricultural warehousing. Buffer stock and procurement strategy.support prices and procurement prices.

3 Farm budgeting. Technological changes in agriculture. Agriculturalinputs. Mechanization of agriculture, irrigation, improved seeds, manures,fertilizers, insecticides, pesticides; their effect on agricultural development.Agricultural outputs. Input-output analysis. Production function. Returns toscale. Linear programming application in Agriculture.

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Agricultural marketing. Types of agricultural marketing. Regulationof agricultural markets in India. Marketable surplus-its behavior andresponsiveness to prices, size of farm and other factors.

5 Demand and demand elasticity of agricultural products to income anddistributi~n. Supply of agricultural products and their prices. Types ofagricultural prices, agricultural price policy in India and its objectives.

6 Inter-regional variations in growth rates of agriculture in India.Strategy for agricultural development. Agriculture in Indian plans. Policy for

• AO« I~,""\ "\\.\\,'''~ ''''''''-1'1'''''''1','''''''' lagrieuitut'a-ll"{ievelopment in India. Integrated' rural 'development programme:' """'1':-' \.,."

Other rural development programmes.

7 Problems of Indian agriculture:

(a) Problem of size of holdings-subdivision, fragmentation andconsolidation. Ceiling of holdings, Size of farm and efficiency. Optimum

unit of farming.

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Wl(b) Problem of landless labour, marginal farmer and small farmer,

MFDA and SFDA. Agricultural unemployment and seasonal~ \ 1. unemployment. Findings of Agricultural Labour Enquiry Committee. Rural

rye;\')\) employment progra e in India.

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(c) Problem of agricultural fin'ance in India. Problems or ruralcredit. Types of agricultural finance. Sources and agencies of agricultural

finance in India.

(d) Other agricultural problems- problems of agricultural taxation.Problem of uncertainty and crop insurance in India. Liberalization inAgriculture with special reference to Dunkel Proposal.

Books Recommended:

1 R. Cohen- The economics of agriculture.

2 O.B. Tenses, - Readings in agricultural economics

3 D.S.Chauhan- Agricultural Economics

4 Nanavati and Anjaria- The Indian rural problems.. ' ",,

5 K.R.Kulkami - Agricultural marketing in India.

6 V.K.R.V. Rao- Agricultural labour in India.

7 Mishra & Puri - Indian Economy Part IV (Himalaya pub.House)

8 A.N.Agrawal- Indian Agriculture (Vani educational books)

9 India, Ministry of Lobour- Agricultural Labour Enquiry Report.

10 India, Planning Commission - Committee on the panel of landreforms Report.

12 Heady - Economics of agriculture.

13 A.N.Sadhu & N. Singh- Fundamentals of Agricultural Economics.Himalaya Publishing House.

14

15

S.Murty - The Changing Indian Economic Order, 1993 IndusPublishing Co. P.S. -5 Tagore Garden, New Delhi-II 0027

Ruddra Datt & KPM Sundaram- Indian Economy, S.Chand CO.Ltd.

Max. Marks: 100

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Advanced Industrial Economics

1 Deterrents to Industrialisation in under-developed countries. Measures< I~,"",\ 'H1Ay"',,~ '\I'"-'-I"~,,,""'l"'""" ItO. encour''{f'ge 'i'ndustniliasation. Industrial resourceS- ForeS'!;agriculturai;' ... , .....'v,. ,-;'.;,''''''I'~

mineral and power resources.

2 Industrial management in private sector. Growth of corporate sector inIndia. Public enterprises in India, Their management control, andaccountability. Review of progress. Worker's participation in ownership andmanagement. Training in techniques, skills and management.

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3 Industrial organisation. Theory of firm maximisation of profits andother objectives. Cost and revenue of firm economics of scale andindivisibilities. Theories of location. Clustering of industries. Industrialcomplex analysis; Share and mix analysis location quotient; Agglomerationeconomics; Location policy in India. Industrial sickness and pollution.Concentration and monopoly. Multinational corporations.

4 Industrial development of India during plan period. Regionaldisparities in the industrial development of India & M.P, and measures toreduce them. Industrial development strategy, Industrial policy in India.Industrial development and Regulation Act. 1951-Critical review ofIndustrial policy. Village and small scale industries. Industrial growth andstagnation in India since.1956.

5 Labour and capital intensity in India industries. Capital market. Long-term, medium term and short-term finance of industries in India. Capacity

utilization.

Books and Readings- Recommended:•••••••• ' H ~ I .;.'~ :., ~"".'

_ •• ,n) ~~l. \.\-\l.-\y.."""'f"oJ.,.. \v--'-J .....••'\Jt')O'~.ll)•..,..t,'I' I. 11~.t •• \, \,""ll.11J),J,"""'-l'\ ,I1 S.R. Denison- Location of Industries.2 P.S. Lokanathan- Industrial organisation ofIndia.3 H.A. Robinson- Structure of competitive industry.4 T.R. Sharma- Location of industries in India.5 W.A. Robson- Problems of nationalized industries6 Hanson- Public enterprises and economic development7 Ramanathan- Public Sector in India.8 S.C. Kuchal- The industrial economy of India.

Max. Marks: 100

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Industrial and Labour Relations.

1 Meaning and significance of Industrial relations. The concept ofindustrial relations. Development of the idea of industrial relations.

n~"'~'H\.\\"'''''''''-l-\v--'-J"I~">-'~"'\yo"" ,P..~,t~Ql;l\na,Qts.pfIndustrial relations. Jndustrial relations .and, Human .. , ",'''''''.'I:.'.:'''V''*'relations. problems of labour relations in a developing economy.

2 Industrial relation in India. The setting, Industrial disputes, theirprevention and settlement. Industrial relations in public sector. Workers,

participation in Management.

3 Trade Unionism- Forms, organisation, objects and functions. TradeUnionism in India. International Labour organisation and its impact onIndian Labour. Workers education in India.

4 Labour legislation and social security: Labour legislation relating tofactories and mines in India. Meaning scope and importance of social

security. Social security in India .

....,_, ""."'~ '''" -,-.",..'-" ,'~"..... "'Wage',! Theoii es of wage detenn ination, wage str':;ci~;:e, wages' and' , ... - "~,....•~ wages policy in India including profit sharing and bonus.

Books and Readings- Recommended:

1 AJ .Fonseka- Wage determination and organised labour in

India.(OUP.1964)

2 T.N. Bhogoniwal- Economics of labour and social welfare (Agra

Sahitya Bhawan)

3 G.L. Srivastava - Collective gargaining and labour management in

'A,«,~"'~'H\A\"''''''''-l-,v--'-J''I~''''\''\'\Y'''''!I'rtdia:tB'()'(5kll:md). . " .. ,'

4 G.W. Felaps - Introduction to labour economic. (McGraw Hill, 1967)

5 B.N. Datar - Labour economics. (Allied Publishers, 1968)

6 V.B. Karnik - India trade unionism: A Survey, 1966 (Manaktala,

Bombay)

P.c. Malhotra - Survey of Labour movement in India. (Delhi Chand)

• • ,I I ".,'yLv.'f r";'.l."•• 1 ,\ \1

9 V.V. Giri - Labour problem in Indian Industries.

10 V.B. Singh- Industrial labour in India.

11 K.N. Vaid- State and labour in India." .\,'

12 R.C.Saxena- Labour problems and social welfare.

13 S.C. Agrawal- Industrial housing in India.

14 K.N. Srivastava -Industrial peace and labour in India.

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Paper 4 - (Optional)Max. Marks: 100

Economics of Regional Development.

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2 Multi-level regional planning. The concept of regional hierarchy-Sectoral and spatial.

1 Introduction, types of regions- Importance of regional planning.Regional development- goals and strategies.

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3 Regional pattern and imbalances- Regional development policies.Trends in regional development planning.

4 The process of regional development. Theoretical foundations- VonThunen's concentric Ring model. Christaller's General Place Theory. TheLoschian concept of economic landscape. The Growth pole Hypothesis andits development. A unified theory of regional development. Regionalallocation of resources.

5 Micro level planning- Integration of local plans with regional plans .••"I~~"\-\\A'y'''''~ \v--'-J "V"t'W ","',,',' !Plartning1br an agricultural region: Planningfor an industrial 'region.' , , ". ",,"...<h~,i.l'V ..••

Planning for a tregibal region.

Books and Reading Recommended:

1 R..P. Mishra, K.V. Sundaram and V.L.S. Prakasarao- Regionaldevelopment and planning in India. (Delhi, Vikas, 1974)

2 W. Alonso- Industtiallocation and regional policy in economicdevelopment. Working paper 14, institute of Urban and RegionalDevelopment. Berkeley. 1968

3 L.S. Bhatt- Prlblems of regionalization for the development ofnational economy. Sankhya, Series B Vol. 25. 1963 pp 5-14.

I', •• ,.\," • •• I •• 'VU(.~ ,':: :.' •.••••

4 L.S. Bhatt - Aspects of regional planning in India. Liverpool Essaysin Geography. London, Longmans, 1964

5 C.S. Chandrasekhare and K.V. Sundaram. Planning regions ofIndia.New Delhi, Town and Country Planning Organization 1968 (Mineographed)

•• • • ':" :, ••-v. .•. ,'-,",1:'"

6 P.B. Desia, ed Regional perspective of industrial and urban growth.The case of Kanpur, Bombay, Macmillan, 1969

, ~ ~ ~ '7 7 P.N. Dhar an . Lydall. Role of small enterprises in Indian~ IV~\? econ?'o devel ombay. Asia, 1961

,~~t'f7Y:.~"'''~ "~~Mo\\)..~ ,. ..,"

8 John Friedman, Planning regional development. Ed. by L. Rodwin,Cambridge, MIT press, 1969

9 India. Ministry of Industrial Development. Report of the industriallicensing policy inquiry committee, 1969

"1~",,,'I,"H"'v""''N. w,-'-I'I~""'>'I"'.-"" 1'1'0" ~\'y:"fferrhansori. Spatial organization and economic'development. 'Scope and task of spatial planning. Development studies NO.1;Mysore, Institute of Development Studies, University of Mysore,

1971.

11 W. Isard. Methods of regional analysis. Cambridge, MIT Press, 1962

12 EAJ Johnson, Market Towns and spatial development in India. NewDelhi, National Council for Applied Economic Research, 1965.

13 L.B. Klassen. Grwoth poles in economic theory and policy. Paperpresented for the Expert Group on growth poles and growthcenters,Toulouse, 1969 (Mimeographed)

"".~""''I,''H\A''''''''''N. \\1--'-1'>''''''''>'1'' ••••'''. '-14:, n,'I).I,befeber and M.Datta --Chaudhari. Regional development~. "" , ,."......</,.q.HV .•'

Experiences and prospects in South and South east Asia, Paris,

Mouton, 1971.

15 a.p. Mathur. Cost of Urban infrastructure for industry as related tocity size in developing countries - India case study, Hyderabad, Smallindustries Extension Training Institute 1968.

16 a.p. Mathur - Backward areas in poor countries - Problems andperspective of development with special reference to India.Development studies No.9, Institute of Development Studies,University of Mysore, 1973.

18 Gunnar Myrdal- Economic theory and under developed regions.London, Duckworth, 1957

17 J. Brain MeLoughlin - Urban and Regional Planning: A systems

\ ,,"<I~,""''I,''HIA\'','!''J.\' •.•..'-I''''t~'''I'''''''''':."" .. ~\.~PPJ;\qFlhh.Lonpon , Faber. & Faber, 1969. ' .' ".' ' ., ....'.'~<h~.I-'"

19 Gunnar Myrdal- Asian drama, New York, Pantheon, 1968

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India. Planning Commission. Report of the study team on itribalevelopment pragrammes. New Delhi 1969

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~~V2021 f'o V.L.S. Prak a , Regional Planning. Bombay, Asia.

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