B.A.

Part-II -ECONOMICS - 2013

Scheme :
Two papers Duration Min. pass Marks 72 Max.
Pass.Marks 200
Paper I- Macroeconomics 3 hours 36 Marks 100
Marks
Paper II- (A) Development & 3 hours 36 Marks 100
Marks
Environmental Economics
OR
II (b) : Mathematical Economics

Paper I - Macroeconomics
Duration 3 hours Max. Marks-
100
Note : The question paper will contain three sections as under
Section-A : One compulsory question with 10 parts, having 2 parts from each unit,
short answer in 20 words for each part.
Total marks : 10
Section-B : 10 questions, 2 questions from each unit, 5 questions to be attempted,
taking one from each unit, answer approximately in 250 words.
Total marks : 50
Section-C : 04 questions (question may have sub division) covering all units but not
more than one question from each unit, descriptive type, answer in about
500 words, 2 questions to be attempted.
Total marks : 40
Unit - I
National Income and Social Accounting
Nature and importance of Macro Economics. Fallacy of composition. Concept and
measurement of national income. National income identities with government and
international trade, Incorporation of environmental concerns in national account-Green
accounting.
Unit -II
Output and Employment
Says law of market and the classical theory of employment, Keynes objection to
the classical theroy; Keynesian theory of output and employment, Aggregate demand
and aggregate supply functions; The principle of effective demand; Consumption
function - Average and marginal propensity to consume, Factors influencing
comsumption spending.
Unit - III
Investment
The investment multiplier and its effectiveness in LDCs. Theory of investment -
Autonomous and induced investment; Marginal efficiency of capital; Savings and
investment equality and equilibrium.
Unit - IV
Rate of Interest
Classical, Neo-classical and Keynesian theories of interest.
Trade Cycles
Nature and characteristics; Keynes view of trade cycle; The concept of
accelerator; Samuelson and Hicks multiplier-accelerator interaction model; Control of
trade cycles.

Unit-V
Economic Growth
Sources of growth; Growth models-Harrod and Domar; Instability of equilibrium;
Neo-classical growth models- Solow. Economic growth and technical progress.
Basic Reading List:
* Ackley, G (1976) - Macroeconomics; Theory and Policy, MacMillan Publishing
Company, New York.
* Shapiro, E. 91966)- Macroeconomic Analysis, Galgotia Publications, New Delhi.
* Vaish, M.C. - Macroeconomics. (Hindi & English)
* Mier, G.M. & R.E. Baldwin (1955) - Economic Development: Theory History and
Policy, Willey & Sons Inc, New York.
* Powelson, J.P.C. (1960) - National Income and Flow of Funds Analysis McGraw
Hill, New York.
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* G.S. Gupta - Macroeconomic
* Rana & Vermma - Macroeconomic (Hindi & English)
* M.L. Jhinjan - Macroeconomics (Hindi & English)

Paper II - (A) Development and Environmental Economics

Duration 3 hours Max. Marks-
100
Note : The question paper will contain three sections as under
Section-A : One compulsory question with 10 parts, having 2 parts from each unit,
short answer in 20 words for each part.
Total marks : 10
Section-B : 10 questions, 2 questions from each unit, 5 questions to be attempted,
taking one from each unit, answer approximately in 250 words.
Total marks : 50
Section-C : 04 questions (question may have sub division) covering all units but not
more than one question from each unit, descriptive type, answer in about
500 words, 2 questions to be attempted.
Total marks : 40
UNIT- I
Economic Development, Economic growth, Factors affecting development and growth-
Capital, labour and technology. Human Development Index, Physical Quality of Life
Index, Meaning and characteristics of Developing and developed economies. Structural
changes under development.
UNIT- II
Theories of development-Classical theory of development; Views of Karl Marx in the
theory of development - The theory of social change. Crisis in Capitalism; Schumpter and
Capitalistic development.
UNIT -III
Economic development during Tenth five year plan. Eleventh five year plan.
UNIT - IV
Environment-economy linkage; Environment as a necessity and luxury; Population-
environment linkage; Environmental use and environmental disruprtion as an allocatin
problem; Market failure for environmental goods; Environment as a public good;.
UNIT - V
Sustainable development; Meaning and indicators. Choice of policy instruments
in developing countries; Social Cost benefit analysis, oppurtunity cost and shadow prices.
Basic Reading List
* Adelman, 1. (1961), Theories of Economic Growth and Development, Stanford
University Press, Stanford.
* Behrman, S and T.N. Srinivasan (1995), Handbook of Development Economics,
Vol. 1 to 3 Elsevire, Amsterdam.
* Ghatak, S. (186), An Introduction to Development Economics, Allen and Unwin,
London.
* hayami, Y.(1997) Development Economics, Oxford University Press, New York.
* Higgins, B. (1959), Economic Development, 3e, Mc Graw Hill, New York.
* Meier, G.M. (1995), Leading Issues in Economic Development, 6e, Oxford
University Press, New Delhi.
* Myint, Hla (1965), The Economics of Underdeveloped Countries, Preager, New
York,.
* Myint, Hla(1971), Economic Theory and Under Developed Countries, Oxford
University Press, New York.
* Thirlwal, A.P. (1999), (6th Edition), Growth and Development, Macmillan,
London
* Shankar, Environmental Economics, Oxford University Press, N.Delhi.
* Ravindra & Bhattacharya, Environmental Economics- An Indian perspective.
Oxford University Press, N.Delhi.
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 OR
Paper II (b) : Mathematical Economics
Duration 3 hours Max. Marks-
100
Note : The question paper will contain three sections as under
Section-A : One compulsory question with 10 parts, having 2 parts from each unit,
short answer in 20 words for each part.
Total marks : 10
Section-B : 10 questions, 2 questions from each unit, 5 questions to be attempted,
taking one from each unit, answer approximately in 250 words.
Total marks : 50
Section-C : 04 questions (question may have sub division) covering all units but not
more than one question from each unit, descriptive type, answer in about
500 words, 2 questions to be attempted.
Total marks : 40
Unit I
Theory of Consumer Behaviour- Utility function - Nature of utility function,
Indifference curve-Convexity of indifference curve. Consumers equilibrium. Derivation
of ordinary and compensated demand function. Slutsky equation.
Unit II
Theory of Firm: Production function. A well behaved production function.
Maximization of Profit, Constrained Cost Minimization, Constrained output maximization,
Cobb-Douglas Production function. Homogeneous production function.
Unit III
Derivation of Cost function, Input demand function and supply function, Firm
production function. Elasticity of Substitution
Unit IV
Price and output determination under perfect competition. Consumers surplus and
producers surplus.
Unit V
Linear Programming - Graphical solution and simplex method. Input- Output Analysis.
Game theory.
Books Recommended
1. Henderson and Quandt. :- Micro economic Theory - A mathematical Approach.
Tata Mc Graw Hill, New Delhi.
2. Mehta, and Madnanai : Mathematics for Economists.
3. Mehta B.C. : Mathematical Economics - Microeconomic Models.
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