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1 Economics / OF ARTSS yllabus for EONOMICSREVISED SYLLABUS(FROM JUNE 2003)UNIVERSITY OF PUNEUNIVERSITY OF PUNEREVISED SYLLABUSFORM. A. ECONOMICSPART-I(FROM JUNE 2003)COMPULSORY PAPERS1)EC-1: MICROECONOMIC ANALYSIS2)EC-2: PUBLIC ECONOMICS3)EC-3: INDIAN ECONOMIC POLICYOPTIONAL PAPERS :(ANY ONE OF THE FOLLOWING)1)EC-7: INDUSTRIAL ECONOMICS2)EC-8: LABOUR ECONOMICS3)EC-9: QUANTITATIVE METHODS4)EC-10 :ECONOMETRICS5)EC-11 :DEMOGRAPHYCOPMPULSORY DEPARTMENTAL COURSEFOR INTERNAL STUDENTSCOMMON FOR BOTH THE PARTS1)EC-21 : RESEARCH PROJECT / Economics / 3 UNIVERSITY OF ECONOMICS - PART-I(FROM JUNE 2003)COMPULSORY PAPEREC-1 MICROECONOMIC ANALYSIS(REVISED COURSE)Intoduction :This course analyses the economic behaviour ofindividuals, firms and markets.

2 It tends to equip the studentswith the necessary analytical tools to analyse the behaviorof these micro units. Adequate emphasis is to be laid onboth - traditional approach and modern non-profit maximisingsetting. The course includes main branches ofmicroeconomics such as - demand analysis, productiontheory, price determination, welfare economics and economicsof 1 : Introduction and Basic Basic Economics Problem - Choice and Role of Price Mechanism in a modern Positive and Normative Concept of equilibrium, static and dynamicequilibrium(4 letures) Economics / 4 Chapter 2.

3 Demand and Supply Concepts of cardinal and ordinal Indifference Curve Approach- Consumer's Equilibrium,Comparison with Marshallian Approach. Income andSubstitution Effects, Slutsky Revision of Demand theory by Revealed Preference Concept to Elasticities- Price, Income and Cross-lasticities, Measurements, empirical Law of supply, Elasticity of Supply, Measurements ofelasticity of Elementary theory of market price function. Cobwebtheorem (16 lectures)Chapter 3 : theory of Production and Production Law of Variable Proportions and Returns to Evidence.

4 Cobb Douglas Production Insoquants, Producer's Equilibrium, Elasticity Short Run and Long Run Cost Empirical evidence on cost functions. (12 lectures)Chapter 4 : Price and Output determination - Short Run and Long Run Price determination underCompetitive Origins of monopoly, measurement of monopoly Price determination under Price Regulation of monopolies (8 lectures) Economics / 5 Section-IIChapter 5 : Price and Output determination- Concepts of monopolistic and lmperfect Price and non-price competition.

5 Group differentiation. Selling costs. Excess Oligopoly- Kinky Oligopoly demand Curve model. Noncollusive oligopoly. Cournot Bertrand Solution. Collusiveoligopoly- Cartels, mergers, price leadership of game theory . (13 lectures)Chapter 6 : Alternative theories of the Critical Evaluation of the traditional theory of the Alternative theories of the firm. Full cost 's Sales Revenue Maximization 's Managerial discretion model. of Managerial enterprise Behavioural Theoriesof the firm. Satisfying Behaviour theory .

6 Cyert andMarch's theory . (13 lectures)Chapter 7 : Marginal Productivity theory . Product ExhaustionProblem. Euler's Modern theory of Wage determination and collective Loanable Funds theory of interest. Liquidity PreferenceTheory of Innovation theory of Profit. Profit forcasting (8 lectures) Economics / 6 Chapter 8 : Welfare Pigou's theory of Welfare Pareto's optimality Social Welfare Function. Compensation Principle. (6 lectures)BASIC READING LIST-Kreps, David M. (1990), A Course in MicroeconomicTheory, Princeton University Press, , A.

7 (1979), Modern Microeconomics,(2nd Edition). Macmillan press, , and Walters (1978),Microeconomic theory , McGraw Hill, New , A. (1999), Microeconomics : theory andApplications, Oxford University Press, New , G. (1996), theory of Price, (4th Edition),Prentice Hall of India, New , H. (2000), Microeconomic Analysis, , New READING LISTC hapter 1 :-Baumol, (1982), Economic theory and OperationsAnalysis, Prentice Hall of India, New , J. and A. Glazer (1997), Price theory andApplications, Prentice Hall of India, New 2 :-Baumol, (1982), Economic theory and OperationsAnalysis, Prentice Hall of India, New Economics / 7-Green, (1971), Consumer theory , Penguin, , J.

8 M. and RE. Quandt (1980),Microeconomic theory : A Mathematical Approach,McGraw Hill, New , J. and A. Glazer (1997), Price theory andApplications, Prentice Hall of India, New 3 :-Da Costa, GoCo (1980), Production, Prices andDistribution, Tata McGraw Hill, New and Wibe (1987), An Introduction to Costand Production's Functions, Macmillan, London-Hirshleifer, J. and A. Glazer (1997), Price theory andApplications, Prentice Hall of India, New 4 and 5 :-Archibald, G. C. (Ed.) (1971), theory of the Firm,Penguin, Costa, GoCo.

9 (1980), Production, Prices andDistribution, Tata McGraw Hill, New , J. and A. Glazer (1997), Price theory andApplications, Prentice Hall of India, New 6 :-Archibald, G. C. (Ed.) (1971), theory of the Firm,Penguin, , J. (1958), Barriers to New Competition, HarvardUniversity Press, 7 :-Bronfenbrenner, M. (1979), Income Distribution theory ,Macmillan, Economics / 8-Hirshleifer, J. and A. Glazer (1997), Price theory andApplications, Prentice Hall of India, New 8 :-Broadway, and Bruce (1984), WelfareEconomics, Basil Blackwell, , J.

10 De V. (1957), Theoretical Welfare Economics,Cambridge University Press, , J. M. and R. E. Quandt (1980),Microeconomic theory : A Mathematical ApprochMcGraw Hill, New , E. J. (1969), Welfare Economics : AnAssessment, North Holland, Economics / 9M. A. ECONOMICS PART - ICOMPULSORY PAPER(FROM JUNE 2003)EC: 2 PUBLIC ECONOMICS(REVISED COURSE)PREAMBLERole and functions of the Government in an economy havebeen changing with the passage of time. The term 'PublicFinance' has traditionally been applied to the package ofthose policies and operations which involve the use of taxand expenditure measures while budgetary policy is animportant part to understand the basic problems of use ofresources, distribution of income, etc.