Professional Documents
Culture Documents
Semester -III
Topic-Ist National Income Accounts
- Circular flow of Income in Two, Three and Four Sector Economy
- Different forms of national income accounting, Input-output accounting, flow
of funds accounting and balance of payments accounting.
RBI approach to money supply, High Power Money and Money Multiplier
Semester -IV
Topci-Ist - Post-Keynesian Demand for Money
-
Mundell-Fleming model
Philips curve analysis- short run and long run Philips curve
PUBLIC ECONOMICS
PREAMBLE:Role and functions of the Government in an economy have been changing with
the passage of time. The term Public Economics has traditionally been applied to the
package of those policies and operations which involve the use of tax and expenditure
measures while budgetary policy is an important part to understand the basic problems
of use of resources, distribution of income, etc. There are vast array of fiscal institutiontax system, expenditure programs, budgetary procedures, stabilization instruments, debt
issues, levels of government etc. which raise a spectrum of issues arising from the
operation of these institutions. Further, the existence of externalities, concern for
adjustment in the distribution of income and wealth, etc. require political processes for
their solution in a manner which combines individual freedom and justice. This paper
combines a through understanding of fiscal institutions with a careful analysis of the
issues which underline budgetary policies in general and Indian experience in
particular.
Semester -III
Module 1: Introduction
Role of Government in organized society, changing perspective- government in
a mixed economy, Government as an agent for economic planning and
development, private goods and public goods, Market failure- imperfections,
decreasing costs, externalities of public goods, Informational asymmetry.
Semester -IV
Module 1: Public Debt
Classical view of public debt, compensatory aspect of debt policy, Burden of
public debt, Debt through created money, Public borrowings and price level,
Principles of debt management and repayment.
Auerbach, A. J. and M. Feldern (Eds) (1985), Hand book of public Economics, Vol
I, North Holland Amsterdam.
Shome, P. (Ed) (1970), Tax policy : Handbook, Tax Division, Fiscal Affairs
Department, International Monetary Fund, Washington D. C.
12. Peacock A. and D. J. Robertson (Eds) (1963), public Expenditure: Appraisal and
Control, Oliver and Body, Edinburgh.
13. Phyrr P. (1970), Zero Base Budgeting: A practical Management Tour Too for
Evaluating Expenses, John Wiley, New York.
14. Premchand A. (1966), control of public Expenditure in India , Allied publishers,
New Delhi.
15. Sahani B. S. (Ed), (1972), Public expenditure Analysis selected reading, Rotterdam
University press.
16. Bird R.and O Oldman (1967), Readings and Taxation in Developing countries, the
John Hopkins press, Balfimore.
17. Cutt I (1969), Taxation and economic Development in India, Fredrick A. Drager
Publishers, New York.
18. Kaldore N. (1955), An Expenditure Tax, George Allen and Unwin, London.
19. Musgrave R. A. and C. shoup (Ed),(1970), Readings in the Economics of Taxation,
George Allen and Unwin London.
20. Barman K. (1986), Public debt Management in India, Uppal publishing House,New
Delhi.
21. Buchanan J. M. (1958), Public principals of public debt. A Defense and
Restatement, Richard D. Irwin, Homewood.
22. Ferguson J. M. (Ed) (1964), Public debt and Future Generations North Carocina
University press, Chapal Hill.
23. Shreekantaradhya B. S. (1972), Public debt and Economic development in India,
New Delhi.
24. American Economic Association (1955), Readings in Fiscal policy, George Allen
and Unwin London.
25. Chelliah Raja J. (1971), Fiscal policy in Underdeveloped countries, Gourge Allen
and Unwin London.
26. Government of India (1985), Long Term Fiscal policy, New Delhi.
27. Peacock A and G. K. Shaw (1976), The Economic Theory of fiscal policy, George
Allen and Unwin, London.
28. Bhargava R N. (1967), The Theory and working of Union Finance in India,
Chaitanya Publishing House, Allahabad.
29. Jain A. K. (1975), Taxation of Income in India, Mackmillon Company of India Ltd.
New Delhi.
30. Jain I (1988), Resource Mobilization and Fiscal policy in India, Deep and Deep
Publications, New Delhi.
31. Kumar A.(1999), The Blank money in India, Penguin, Harmondsworth.
32. Mundle S. (1999), Public Finance Policy: issues for India, Oxford University press,
New Delhi.
33. Singh T (2000), The corporation Tax in India, Classical publishing company, New
Delhi.
Semester -III
Module 1: Agriculture and Economic Development
Role of agriculture in Indian Economy- Growth of Indian agriculture Since
Independent since- Agricultural policy during plan period- Rural poverty
and its eradication programmes-Regional imbalances- Role of women in
agriculture .
pattern, Programs of
Semester IV
Semester III
1. Theory of International Trade
The pure theory of international trade theories of absolute advantage,
comparative advantage and opportunity costs, Modern theory of international
trade. Hecksher ohlin theory of trade. Kravis and Linder theory of trade. Role of
dynamic factors. i.e. changes in tastes, technology and factor endowments in
explaining the emergence of trade. Causes of emergence and measurement of
intra- industry trade and its impact on developing economics.
Semester IV
1. Balance of payments
Meaning and components of balance of payments Equilibrium and
disequilibrium in the balance of payments; The process of adjustment under
systems of gold standard, fixed exchange rates and flexible exchange rates. A
critical review of the monitory approach to the theory of balance of payments
adjustment: Foreign trade multiplier with and without foreign repercussions and
determinations of national income output: Relative merits and demerits of fixed
and flexible exchange rates in the context of growth and development in
developing countries.
13)
Labour Economics
PREAMBLE
Issues pertaining to the labour market, wage theories, employment polices, trade
unions and collective bargaining in globalized economy have be came vitally important
for developing countries. In a country like India where the bulk of the labour force is in
the unorganized sector and the organized sector is witnessing Jobless growth, the
importance of issues such as employment and unemployment as well as livelihood and
social security for the growing millions continuous to assume significance. This paper
exposes students to theoretical as well as empirical issues relating to the labour market
with special reference to India.
Semester III
1) Labour Market
Nature and characteristics of labour markets in developing countries like India.
Demand for labour in relation to size and pattern of investment choice of
technologies and labour polices. Supply of labour in relation to growth of labour
force, Imperfection in the labour Market. Labour force Participation rate,
Labour market polices, mobility and productivity of labour, Rationalization,
Methods of recruitment and placement, Employment Service Organization in
India.
2) Employment
Employment and development relationship- Poverty and unemployment in
developing countries, Unemployment Concept, Types and Measurement,
Particularly in India. Impact of rationalization, technological change and
modernization in employment in agricultural sector, Analysis of educated
unemployment, Recent employment policy in India (10th & 11th five year
plans).
3) Wage Determination
Classical, Neo classical and bargaining theories of wage determination.
Semester IV
5) Industrial Relations
Growth pattern and structure of labour unions in India. Achievements of labour
unions, causes of industrial disputes and their settlement and prevention
mechanism, Role of tripartism, current trends in collective bargainings, Role of
judicial actions, Labour legislation in India. Indian labour laws and practices in
relation to international labour standers.
27) MHRD, GOI (1987), Sharm Shakti Report of the National commission on self
Employed women & women workers in the informal sectors ministry of Human
Resources Development, New Delhi.
28) Misra L. (1990), Child Labour in India, Oxford University, New Delhi.
29) Riveros L. (1990), Labour market policies and labour Market Reforms in Socialist
Economics world bank, Washington.
30) Standing G. and V.Tokman (Eds) (1991),Towards Social Adjustment,ILO,
Geneva.
31) R.C. Sexena, Labour Problems and Social welfare
32) Misra and Puri, Indian Economy, S.Chand Publication, New Delhi.
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Journals
1. Indian Labour Journal
2. Economic Survey of India
3. Yojana
4. Kurukshtra
Semester III
1. Economic Development and its Determinants :
Approaches to economic development and its measurement Sustainable
development: Role of state, Market and other institutions- Indicators of
development- Human Development Index (HDI), gender development indices.
2. Planning in India :
Objectives and strategy of Planning- Failures and Achievements of plans;
Developing grass-root organizations for development- Panchayats, NGOs and
pressure groups.
Semester IV
7. Public Finance:
Fiscal federalism- centre and state financial relations; finance of central
government; finances of state governments; parallel economy problems relating
to fiscal policy, fiscal sector reforms in India.
9. External Sector:
Structure and direction of foreign trade; Balance of payment; Issues in EXIM
policy and FEMA; Foreign capital and MNCs in Indian; The progress of trade
reforms in India.
press, Calcutta.
11) Frederick H. and A. M. Charles (1970), Education, Manpower and Economic
Growth, New Delhi.
12) Appu P. S. (1996), Land reforms in India, Vikas, New Delhi.
13) Joshi P. C. (1975), Land Reforms in India, Allied Publishers Pvt., Ltd., New Delhi.
14) Ahluwalia I. J. (1985), Industrial Growth in India, Oxford University Press, New
Delhi.
15) Datta B. (1978), Economics of Industrialization, The Bookland, Culcutta.
16) Bhargava P. K. (1991), Indias Fiscal crisis, Ashish Publishing House, New Delhi.
17) Gupta S.P. (1998), Post Reform India: Emerging Trends, Allied Publishers, New
Delhi.
18) Chelliah, Raja J. and Sudarshan (1999), Income, poverty and Beyond: Human
Development in India, Social Sciences Press, New Delhi.
19) -- .
20) ( ) -
(UG/PG Courses)
(w.e.f. June 2011)
Time - 2 Hours
10 Marks
08 Marks
12 Marks
10 Marks
B
Q. 5)
10 Marks
1. Structure of the courses :A) Each paper of every subject for Arts, Social Sciences & Commerce Faculty shall be
of 50 marks as resolved by the respective faculties and Academic Council.
B) For Science Faculty subjects each paper shall be of 50 marks and practical for every
subject shall be of 50 Marks as resolved in the faculty and Academic Council.
C) For B. Pharmacy also the paper shall be of 50 marks for University examination.
Internal marks will be given in the form of grades.
D) For courses which were in semester pattern will have their original distribution
already of marks for each paper.
E) For the faculties of Education, Law, Engineering the course structure shall be as per
the resolutions of the respective faculties and Academic Council.
2. Nature of question paper:
A) Nature of questions.
B)
C)
D)
3.
4.
The structures of all courses in all Faculties were approved and placed before the
Academic Council. After considered deliberations and discussion it was decided not to
convene a meeting of the Academic Council for the same matter as there is no deviation
from any decision taken by Faculties and Academic Council. Nature of Question Paper
approved by Hon. Vice Chancellor on behalf of the Academic Council.